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Marathon Trading Investment Management LLC — 13F Holdings & Portfolio

CIK 1572748 · latest 13F-HR filed 2026-08-12

Backtest portfolio

Marathon Trading Investment Management LLC manages $3.23B in 13F-reported U.S. long-equity assets across 364 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SLV (5.56%), SLV (5.51%), XCNY (4.15%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 27 new positions, exited 36, added to 49, and trimmed 56.

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.

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AUM

$3.23B

Long-equity book

Holdings

364

Distinct positions

Period

2026-06-30

Filed 2026-08-12

Q/Q Activity

+27 / −36 / ↑49 / ↓56

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Firm Profile & Key People
Name Title / Status Ownership Type

Quarter-over-quarter changes

Share-count changes vs the prior 13F.

Top Adds (vs prior quarter)

  • NVIDIA CORPORATION$185.7M +1652.3%
  • TESLA INC$103.3M +444.7%
  • ALPHABET INC$82.8M +33077.7%
  • TAIWAN SEMICONDUCTOR MANUFAC$71.8M +424781.3%
  • META PLATFORMS INC$67.7M +12347.0%
Show all 49 →

Top Trims

  • MICROSOFT CORP-$34.4M -45.1%
  • SPDR GOLD TR-$25.3M -78.3%
  • BROADCOM INC-$15.5M -97.3%
  • ALIBABA GROUP HLDG LTD-$12.1M -89.7%
  • STRATEGY INC-$9.3M -66.5%
Show all 56 →

New Positions

  • NEBIUS GROUP N.V.$4.6M
  • OKLO INC$2.2M
  • ISHARES INC$1.5M
  • SERVICENOW INC$1.5M
  • ZSCALER INC$1.3M
Show all 27 →

Exited Positions

  • ORACLE CORP$6.9M
  • MARA HOLDINGS INC$6.0M
  • BOEING CO$4.3M
  • ISHARES TR$2.6M
  • COINBASE GLOBAL INC$1.2M
Show all 36 →
All Holdings

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 $179.3M 5.56% 3,354,000 SH
2 ISHARES SILVER TR Call SLV 46428Q909 $177.7M 5.51% 3,323,000 SH
3 STATE STR SPDR S&P 500 ETF T Put XCNY 78462F953 $133.8M 4.15% 179,200 SH
4 INVESCO QQQ TR Put QQQ 46090E953 $124.5M 3.86% 169,100 SH
5 NVIDIA CORPORATION Put NVDA 67066G954 $123.8M 3.84% 618,500 SH
6 NVIDIA CORPORATION NVDA 67066G104 $103.4M 3.20% 516,648 SH
7 SPDR GOLD TR Put GLD 78463V957 $95.3M 2.96% 258,800 SH
8 NVIDIA CORPORATION NVDA 67066G104 $93.5M 2.90% 467,345 SH
9 NVIDIA CORPORATION Put NVDA 67066G954 $93.5M 2.90% 467,100 SH
10 TESLA INC TSLA 88160R101 $92.2M 2.86% 219,120 SH
11 SPDR GOLD TR Put GLD 78463V957 $91.0M 2.82% 247,000 SH
12 ISHARES SILVER TR Put SLV 46428Q959 $90.0M 2.79% 1,683,800 SH
13 VANECK ETF TRUST Put GENZ 92189F956 $85.5M 2.65% 264,100 SH
14 TESLA INC Call TSLA 88160R901 $76.5M 2.37% 181,800 SH
15 META PLATFORMS INC META 30303M102 $68.2M 2.11% 121,114 SH
16 META PLATFORMS INC Put META 30303M952 $67.6M 2.10% 120,000 SH
17 ALPHABET INC GOOGL 02079K305 $65.1M 2.02% 182,033 SH
18 ALPHABET INC Put GGLAP 02079K955 $64.3M 1.99% 180,000 SH
19 ISHARES SILVER TR Put SLV 46428Q959 $63.0M 1.95% 1,178,700 SH
20 SPDR GOLD TR Call GLD 78463V907 $52.6M 1.63% 142,700 SH
21 SPDR GOLD TR Call GLD 78463V907 $49.5M 1.54% 134,500 SH
22 BLOOM ENERGY CORP BE 093712107 $46.7M 1.45% 154,226 SH
23 ISHARES BITCOIN TRUST ETF Put IBIT 46438F951 $46.3M 1.44% 1,391,400 SH
24 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $42.9M 1.33% 57,425 SH
25 STATE STR SPDR S&P 500 ETF T Call XCNY 78462F903 $41.3M 1.28% 55,300 SH
26 AMAZON COM INC AMZN 023135106 $40.6M 1.26% 170,398 SH
27 AMAZON COM INC Put AMZN 023135956 $40.5M 1.26% 170,000 SH
28 TAIWAN SEMICONDUCTOR MANUFAC Put TSM 874039950 $39.2M 1.21% 82,000 SH
29 MICROSOFT CORP MSFT 594918104 $37.9M 1.17% 101,533 SH
30 MICROSOFT CORP Put MSFT 594918954 $37.7M 1.17% 101,000 SH
31 ISHARES BITCOIN TRUST ETF Call IBIT 46438F901 $36.7M 1.14% 1,102,600 SH
32 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $35.9M 1.11% 75,250 SH
33 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $35.9M 1.11% 75,087 SH
34 TAIWAN SEMICONDUCTOR MANUFAC Put TSM 874039950 $35.8M 1.11% 75,000 SH
35 MICRON TECHNOLOGY INC Put MU 595112953 $35.8M 1.11% 31,000 SH
36 TESLA INC TSLA 88160R101 $34.4M 1.07% 81,707 SH
37 TESLA INC Put TSLA 88160R951 $33.6M 1.04% 80,000 SH
38 TESLA INC Put TSLA 88160R951 $31.5M 0.98% 75,000 SH
39 SPACE EXPLORATION TECHN CORP Call SPCX 84615Q903 $25.5M 0.79% 149,200 SH
40 ISHARES BITCOIN TRUST ETF Put IBIT 46438F951 $25.1M 0.78% 752,800 SH
41 VANECK ETF TRUST Call GENZ 92189F906 $20.7M 0.64% 31,600 SH
42 MICRON TECHNOLOGY INC MU 595112103 $20.1M 0.62% 17,411 SH
43 TESLA INC Call TSLA 88160R901 $20.0M 0.62% 47,500 SH
44 ALPHABET INC GOOGL 02079K305 $18.0M 0.56% 50,494 SH
45 ALPHABET INC Put GGLAP 02079K955 $17.9M 0.55% 50,000 SH
46 PAGAYA TECHNOLOGIES LTD Put PGYWW M7S64L953 $16.0M 0.50% 876,400 SH
47 APPLE INC AAPL 037833100 $14.5M 0.45% 50,000 SH
48 APPLE INC Put AAPL 037833950 $14.5M 0.45% 50,000 SH
49 AMAZON COM INC AMZN 023135106 $12.5M 0.39% 52,474 SH
50 AMAZON COM INC Put AMZN 023135956 $11.9M 0.37% 50,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-12 $3.23B 364 0001572748-26-000008
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
Filer Information
Address
FOUR RADNOR CORPORATE CENTER
SUITE 255
RADNOR, PA 19087
Phone
(610) 254-4890
Filing Manager
Marathon Trading Investment Management LLC
RADNOR, PA
Signatory
Robert Gordon
Managing Member