Marathon Trading Investment Management LLC — 13F Holdings & Portfolio
CIK 1572748 · latest 13F-HR filed 2026-05-14
Marathon Trading Investment Management LLC manages $3.67B in 13F-reported U.S. long-equity assets across 389 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SLV (13.70%), SLV (13.09%), IFXAF (9.61%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 37 new positions, exited 69, added to 24, and trimmed 81.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$3.67B
Long-equity book
389
Distinct positions
2026-03-31
Filed 2026-05-14
+37 / −69 / ↑24 / ↓81
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- MICROSOFT CORP$46.1M +153.7%
- SPDR GOLD TR$18.5M +134.4%
- BROADCOM INC$13.5M +560.0%
- BLOOM ENERGY CORP$7.7M +61.2%
- ALIBABA GROUP HLDG LTD$6.9M +105.4%
Top Trims
- NVIDIA CORPORATION-$120.4M -91.5%
- APPLE INC-$66.7M -99.6%
- AMAZON COM INC-$58.1M -98.6%
- ALPHABET INC-$55.8M -99.0%
- STRATEGY INC-$41.4M -74.7%
New Positions
- VANECK ETF TRUST$9.4M
- VERSANT MEDIA GROUP INC$7.1M
- ISHARES TR$2.6M
- UNITED STS OIL FD LP$1.6M
- SPDR SERIES TRUST$1.4M
Exited Positions
- WARNER BROS DISCOVERY INC$14.6M
- MCEWEN INC.$3.5M
- NEBIUS GROUP N.V.$2.0M
- DECKERS OUTDOOR CORP$1.6M
- CENTENE CORP DEL$1.5M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES SILVER TR Call | SLV | 46428Q909 | $503.0M | 13.70% | 7,382,300 | SH |
| 2 | ISHARES SILVER TR Call | SLV | 46428Q909 | $480.7M | 13.09% | 7,054,300 | SH |
| 3 | ISHARES SILVER TR Put | IFXAF | 46428Q959 | $352.8M | 9.61% | 5,177,100 | SH |
| 4 | STATE STR SPDR S&P 500 ETF T Put | XCNY | 78462F953 | $351.9M | 9.58% | 541,100 | SH |
| 5 | ISHARES SILVER TR Put | IFXAF | 46428Q959 | $333.9M | 9.09% | 4,899,800 | SH |
| 6 | STATE STR SPDR S&P 500 ETF T Call | XCNY | 78462F903 | $247.0M | 6.73% | 379,800 | SH |
| 7 | SPDR GOLD TR Put | GLD | 78463V957 | $113.6M | 3.09% | 264,000 | SH |
| 8 | SPDR GOLD TR Put | GLD | 78463V957 | $102.8M | 2.80% | 239,000 | SH |
| 9 | ISHARES BITCOIN TRUST ETF Put | IBIT | 46438F951 | $97.8M | 2.66% | 2,544,600 | SH |
| 10 | SPDR GOLD TR Call | GLD | 78463V907 | $78.8M | 2.15% | 183,100 | SH |
| 11 | MICROSOFT CORP Put | MSFT | 594918954 | $74.3M | 2.02% | 200,700 | SH |
| 12 | MICROSOFT CORP | MSFT | 594918104 | $74.0M | 2.02% | 200,002 | SH |
| 13 | TESLA INC Call | TSLA | 88160R901 | $69.1M | 1.88% | 185,800 | SH |
| 14 | TESLA INC Call | TSLA | 88160R901 | $51.9M | 1.41% | 139,600 | SH |
| 15 | SPDR GOLD TR Call | GLD | 78463V907 | $49.7M | 1.35% | 115,500 | SH |
| 16 | STATE STR SPDR S&P 500 ETF T Call | XCNY | 78462F903 | $37.4M | 1.02% | 57,500 | SH |
| 17 | ISHARES BITCOIN TRUST ETF Call | IBIT | 46438F901 | $34.5M | 0.94% | 899,000 | SH |
| 18 | ISHARES BITCOIN TRUST ETF Put | IBIT | 46438F951 | $31.4M | 0.85% | 816,200 | SH |
| 19 | INVESCO QQQ TR Put | QQQ | 46090E953 | $23.1M | 0.63% | 40,000 | SH |
| 20 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $20.6M | 0.56% | 31,712 | SH |
| 21 | NVIDIA CORPORATION Put | NVDA | 67066G954 | $19.9M | 0.54% | 114,000 | SH |
| 22 | TESLA INC | TSLA | 88160R101 | $19.2M | 0.52% | 51,700 | SH |
| 23 | SPDR GOLD TR | GLD | 78463V107 | $17.5M | 0.48% | 40,669 | SH |
| 24 | BLOOM ENERGY CORP | BE | 093712107 | $17.5M | 0.48% | 129,075 | SH |
| 25 | PDD HOLDINGS INC Put | PDD | 722304952 | $15.1M | 0.41% | 147,800 | SH |
| 26 | SPDR GOLD TR | GLD | 78463V107 | $14.8M | 0.40% | 34,477 | SH |
| 27 | PALANTIR TECHNOLOGIES INC Put | PLTR | 69608A958 | $11.9M | 0.33% | 81,600 | SH |
| 28 | PAGAYA TECHNOLOGIES LTD Put | PGYWW | M7S64L953 | $10.2M | 0.28% | 876,400 | SH |
| 29 | STRATEGY INC Put | MHIFF | 594972958 | $10.0M | 0.27% | 80,000 | SH |
| 30 | STRATEGY INC | MSTR | 594972408 | $8.8M | 0.24% | 70,618 | SH |
| 31 | ALIBABA GROUP HLDG LTD | BABA | 01609W102 | $8.6M | 0.23% | 68,500 | SH |
| 32 | BROADCOM INC Put | AVGO | 11135F951 | $8.4M | 0.23% | 27,300 | SH |
| 33 | ALIBABA GROUP HLDG LTD Call | BABAF | 01609W902 | $8.3M | 0.23% | 66,300 | SH |
| 34 | BROADCOM INC | AVGO | 11135F101 | $8.0M | 0.22% | 25,816 | SH |
| 35 | BROADCOM INC | AVGO | 11135F101 | $7.9M | 0.22% | 25,570 | SH |
| 36 | BROADCOM INC Put | AVGO | 11135F951 | $7.7M | 0.21% | 25,000 | SH |
| 37 | ISHARES BITCOIN TRUST ETF Call | IBIT | 46438F901 | $7.7M | 0.21% | 201,300 | SH |
| 38 | ISHARES INC Call | EZU | 464286900 | $7.7M | 0.21% | 200,000 | SH |
| 39 | KRANESHARES TRUST Call | KOID | 500767906 | $7.4M | 0.20% | 261,400 | SH |
| 40 | VERSANT MEDIA GROUP INC | VSNT | 925283103 | $7.1M | 0.19% | 192,686 | SH |
| 41 | ISHARES BITCOIN TRUST ETF | IBIT | 46438F101 | $6.8M | 0.18% | 175,908 | SH |
| 42 | NVIDIA CORPORATION | NVDA | 67066G104 | $6.7M | 0.18% | 38,527 | SH |
| 43 | ALIBABA GROUP HLDG LTD Put | BABAF | 01609W952 | $6.6M | 0.18% | 52,500 | SH |
| 44 | STRATEGY INC Put | MHIFF | 594972958 | $6.2M | 0.17% | 50,000 | SH |
| 45 | NVIDIA CORPORATION Put | NVDA | 67066G954 | $6.2M | 0.17% | 35,600 | SH |
| 46 | PDD HOLDINGS INC Call | PDD | 722304902 | $5.8M | 0.16% | 56,700 | SH |
| 47 | STATE STR SPDR S&P 500 ETF T Put | XCNY | 78462F953 | $5.8M | 0.16% | 8,900 | SH |
| 48 | INVESCO QQQ TR Call | QQQ | 46090E903 | $5.8M | 0.16% | 10,000 | SH |
| 49 | JD.COM INC Put | JD | 47215P956 | $5.8M | 0.16% | 195,000 | SH |
| 50 | WARNER BROS DISCOVERY INC Put | — | 934423954 | $5.7M | 0.16% | 208,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-14 | $3.67B | 389 | 0001572748-26-000006 |
| 2025-12-31 | 2026-02-13 | $4.41B | 473 | 0001572748-26-000003 |
| 2025-09-30 | 2025-11-13 | $1.45B | 413 | 0001572748-25-000013 |