Marathon Asset Management Ltd — 13F Holdings & Portfolio
CIK 1861026 · latest 13F-HR filed 2026-08-14
Marathon Asset Management Ltd manages $2.46B in 13F-reported U.S. long-equity assets across 74 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are CNH (5.13%), GOOGL (4.39%), CCEP (4.22%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 2, added to 16, and trimmed 43.
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.
$2.46B
Long-equity book
74
Distinct positions
2026-06-30
Filed 2026-08-14
+2 / −2 / ↑16 / ↓43
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Share-count changes vs the prior 13F.
Top Adds (vs prior quarter)
- TAIWAN SEMICONDUCTOR MANUFAC$19.3M +107.1%
- COPA HOLDINGS SA$16.3M +33.8%
- MICRON TECHNOLOGY INC$16.2M +35.6%
- MILLICOM INTL CELLULAR S A$13.8M +16.7%
- GILDAN ACTIVEWEAR INC$13.1M +31.7%
Top Trims
- CANADIAN NAT RES LTD MED TER-$22.0M -28.1%
- FRANCO NEV CORP-$18.6M -26.3%
- CME GROUP INC-$14.5M -40.8%
- AMAZON COM INC-$13.4M -11.6%
- MICROSOFT CORP-$13.3M -18.3%
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 | CNH INDL N V | CNH | N20944109 | $126.3M | 5.13% | 11,246,396 | SH |
| 2 | ALPHABET INC | GOOGL | 02079K305 | $108.0M | 4.39% | 302,312 | SH |
| 3 | COCA-COLA EUROPACIFIC PARTNE | CCEP | G25839104 | $103.8M | 4.22% | 1,037,637 | SH |
| 4 | AMAZON COM INC | AMZN | 023135106 | $101.9M | 4.14% | 427,627 | SH |
| 5 | MILLICOM INTL CELLULAR S A | TIGO | L6388F110 | $96.8M | 3.93% | 1,066,749 | SH |
| 6 | ELEVANCE HEALTH INC FORMERLY | ELV | 036752103 | $84.9M | 3.45% | 219,490 | SH |
| 7 | SOUTHERN COPPER CORP | SCCO | 84265V105 | $83.0M | 3.37% | 476,533 | SH |
| 8 | BANK NOVA SCOTIA B C | BNS | 064149107 | $82.6M | 3.36% | 950,832 | SH |
| 9 | BROOKFIELD CORP | BN | 11271J107 | $72.7M | 2.95% | 1,705,303 | SH |
| 10 | COPA HOLDINGS SA | CPA | P31076105 | $64.5M | 2.62% | 414,473 | SH |
| 11 | MICRON TECHNOLOGY INC | MU | 595112103 | $61.8M | 2.51% | 53,547 | SH |
| 12 | MICROSOFT CORP | MSFT | 594918104 | $59.6M | 2.42% | 159,718 | SH |
| 13 | CANADIAN NAT RES LTD MED TER | CNQ | 136385101 | $56.3M | 2.29% | 1,391,604 | SH |
| 14 | NVIDIA CORPORATION | NVDA | 67066G104 | $56.1M | 2.28% | 280,561 | SH |
| 15 | GILDAN ACTIVEWEAR INC | GIL | 375916103 | $54.5M | 2.21% | 1,056,926 | SH |
| 16 | VISA INC | V | 92826C839 | $54.2M | 2.20% | 157,956 | SH |
| 17 | CEMEX SA EURO MTN BE 144A | CX | 151290889 | $52.4M | 2.13% | 4,368,041 | SH |
| 18 | FRANCO NEV CORP | FNV | 351858105 | $52.4M | 2.13% | 250,994 | SH |
| 19 | LAUREATE ED INC | LAUR | 518613203 | $51.1M | 2.08% | 1,406,633 | SH |
| 20 | META PLATFORMS INC | META | 30303M102 | $48.0M | 1.95% | 85,206 | SH |
| 21 | TRANSUNION | TRU | 89400J107 | $46.3M | 1.88% | 641,352 | SH |
| 22 | CANADIAN PACIFIC KANSAS CITY | CP | 13646K108 | $39.9M | 1.62% | 459,750 | SH |
| 23 | MARKEL GROUP INC | MKL | 570535104 | $39.9M | 1.62% | 20,414 | SH |
| 24 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $38.2M | 1.55% | 76,168 | SH |
| 25 | INTERACTIVE BROKERS GROUP IN | IBKR | 45841N107 | $37.5M | 1.52% | 430,459 | SH |
| 26 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $37.3M | 1.52% | 78,066 | SH |
| 27 | VIPSHOP HLDGS LTD | VIPS | 92763W103 | $36.6M | 1.49% | 2,758,415 | SH |
| 28 | ORACLE CORP | ORCL | 68389X105 | $34.8M | 1.41% | 237,250 | SH |
| 29 | MASTERCARD INCORPORATED | MA | 57636Q104 | $30.8M | 1.25% | 59,849 | SH |
| 30 | PROGRESSIVE CORP | PGR | 743315103 | $30.4M | 1.23% | 138,988 | SH |
| 31 | ATS CORPORATION | ATS | 00217Y104 | $27.5M | 1.12% | 954,485 | SH |
| 32 | ALIGN TECHNOLOGY INC | ALGN | 016255101 | $26.5M | 1.08% | 156,954 | SH |
| 33 | S&P GLOBAL INC | SPGI | 78409V104 | $26.0M | 1.06% | 63,800 | SH |
| 34 | HDFC BANK LTD | HDB | 40415F101 | $24.5M | 0.99% | 934,604 | SH |
| 35 | FISERV INC | FISV | 337738108 | $23.5M | 0.95% | 479,075 | SH |
| 36 | PAYCOM SOFTWARE INC | PAYC | 70432V102 | $22.9M | 0.93% | 182,561 | SH |
| 37 | CHAMPION HOMES INC | SKY | 830830105 | $21.0M | 0.85% | 238,784 | SH |
| 38 | CME GROUP INC | CME | 12572Q105 | $21.0M | 0.85% | 95,173 | SH |
| 39 | OPENLANE INC | OPLN | 48238T109 | $20.4M | 0.83% | 494,113 | SH |
| 40 | IQVIA HLDGS INC | IQV | 46266C105 | $20.4M | 0.83% | 105,388 | SH |
| 41 | HEALTHCARE SVCS GROUP INC | HCSG | 421906108 | $18.7M | 0.76% | 759,824 | SH |
| 42 | TELEFLEX INCORPORATED | TFX | 879369106 | $18.4M | 0.75% | 145,349 | SH |
| 43 | ROYALTY PHARMA PLC | RPRX | G7709Q104 | $16.0M | 0.65% | 285,951 | SH |
| 44 | AUTODESK INC | ADSK | 052769106 | $16.0M | 0.65% | 82,181 | SH |
| 45 | C H ROBINSON WORLDWIDE IN | CHRW | 12541W209 | $15.7M | 0.64% | 82,883 | SH |
| 46 | TJX COS INC NEW | TJX | 872540109 | $15.6M | 0.63% | 102,861 | SH |
| 47 | SMURFIT WESTROCK PLC | SW | G8267P108 | $14.9M | 0.61% | 322,275 | SH |
| 48 | ENVISTA HOLDINGS CORPORATION | NVST | 29415F104 | $14.9M | 0.61% | 565,684 | SH |
| 49 | WILLSCOT HLDGS CORP | WSC | 971378104 | $14.1M | 0.57% | 487,406 | SH |
| 50 | DOLLAR TREE INC | DLTR | 256746108 | $14.0M | 0.57% | 116,156 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $2.46B | 74 | 0001861026-26-000011 |
| 2026-03-31 | 2026-04-24 | $2.61B | 74 | 0001861026-26-000007 |
| 2025-12-31 | 2026-02-06 | $2.60B | 77 | 0001861026-26-000004 |
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