Marathon Capital Management
Hunt Valley, MD
$494m in 187 US stocks at the end of 30 June 2026. The top 10 are 38.9% of the money. It changed about 10.7% of the portfolio this quarter.
Value
$494m
Stocks
187
Top 10 share
38.9%
Turnover
10.7%
What changed this quarter
New
Bought for the first time this quarter.
- Waystar HoldingWAY1.3% of the fund
- Ishares TRSGOV0.9% of the fund
- Honeywell InternationalHON0.1% of the fund
- Honeywell AerospaceHONA0.1% of the fund
- AccentureACN0.1% of the fund
- VisaV0.1% of the fund
- Meta PlatformsMETA<0.1% of the fund
- Applied MaterialsAMAT<0.1% of the fund
- Ulta BeautyULTA<0.1% of the fund
- Texas InstrumentsTXN<0.1% of the fund
- Palo Alto NetworksPANW<0.1% of the fund
- Davis Fundamental ETF TRDUSA<0.1% of the fund
- TeslaTSLA<0.1% of the fund
- Devon EnergyDVN<0.1% of the fund
- NetflixNFLX<0.1% of the fund
- ASML Holding NVASML<0.1% of the fund
- Global X FDSURA<0.1% of the fund
- Invesco Exchange Traded FD TXMHQ<0.1% of the fund
- Wisdomtree TREMMF<0.1% of the fund
- Principal Exchange Traded FDPSC<0.1% of the fund
- Invesco Exchange Traded FD TRSP<0.1% of the fund
- Taiwan Semiconductor ManufacturingTSM<0.1% of the fund
- W.W. GraingerGWW<0.1% of the fund
- Invesco QQQ TRQQQ<0.1% of the fund
- AtomeraATOM<0.1% of the fund
Added
Bought more of a stock they already held.
- Spdr Series TrustBIL3.9% of the fund+8%
- MicrosoftMSFT1.8% of the fund+5%
- Builders FirstSourceBLDR1.3% of the fund+26%
- Fidelity National Information ServicesFIS1.3% of the fund+7%
- ZoetisZTS1.2% of the fund+133%
- DanaherDHR1.0% of the fund+14%
- Barrick MiningB1.0% of the fund+3%
- Zeta Global HoldingsZETA1.0% of the fund+3%
- Spdr Gold TRGLD0.8% of the fund+3%
- SymboticSYM0.6% of the fund+80%
- CalixCALX0.6% of the fund+2%
- AlphabetGOOGL0.6% of the fund+15%
- Alphatec HoldingsATEC0.5% of the fund+7%
- NvidiaNVDA0.5% of the fund+92%
- WeyerhaeuserWY0.3% of the fund+23%
- CryoportCYRX0.2% of the fund+17%
- RTXRTX0.2% of the fund+12%
- EOG ResourcesEOG0.2% of the fund+12%
- GE HealthCare TechnologiesGEHC0.2% of the fund+21%
- Brown FormanBF-B0.2% of the fund+6%
- EatonETN0.2% of the fund+27%
- MedtronicMDT0.2% of the fund+304%
- Ssga Active TRMYCG0.2% of the fund+4%
- BroadcomAVGO0.1% of the fund+37%
- Toll BrothersTOL0.1% of the fund+45%
Cut
Sold some of their stake.
- Price T Rowe GroupTROW13.4% of the fund-9%
- CorningGLW4.8% of the fund-12%
- AlphabetGOOG3.0% of the fund-2%
- AppleAAPL2.5% of the fund-13%
- Ceco EnvironmentalCECO1.8% of the fund-3%
- Diamondback EnergyFANG1.6% of the fund-8%
- ChevronCVX1.4% of the fund-15%
- QualcommQCOM1.1% of the fund-53%
- Berkshire HathawayBRK-B1.0% of the fund-16%
- Healthpeak PropertiesDOC0.9% of the fund-15%
- Adma BiologicsADMA0.9% of the fund-15%
- ChubbCB0.8% of the fund-3%
- Novo Nordisk A SNVO0.8% of the fund-4%
- Copa HoldingsCPA0.7% of the fund-15%
- Micron TechnologyMU0.6% of the fund-45%
- Eli LillyLLY0.6% of the fund-2%
- MaxlinearMXL0.5% of the fund-11%
- Advanced Micro DevicesAMD0.5% of the fund-20%
- Targa ResourcesTRGP0.5% of the fund-10%
- SLB LimitedSLB0.4% of the fund-29%
- State STR Spdr S&P 500 ETF TSPY0.4% of the fund-11%
- PAR TechnologyPAR0.3% of the fund-21%
- ExxonMobil HoldingsXOM0.3% of the fund-4%
- EnbridgeENB0.2% of the fund-9%
- PepsiCoPEP0.2% of the fund-10%
Sold out
Sold their entire stake.
- AdobeADBE-100%
- Honeywell InternationalHON-100%
- AmplitudeAMPL-100%
- Rio TintoRIO-100%
- RayonierRYN-100%
- Karman HoldingsKRMN-100%
- T Rowe Price Exchange-TradedTCAF-100%
- Hillman SolutionsHLMN-100%
- Vanguard Index FDSVOO-100%
- INVE TechnologiesINVE-100%
- Barfresh Food GroupBRFH-100%
- Nano DimensionNNDM-100%
Holdings
- Spdr Series TrustBIL
- Share
- 3.9%
- Value
- $19m
- Shares
- 210,769
+8%
- Vanguard Whitehall FDSVYMI
- Share
- 2.1%
- Value
- $10m
- Shares
- 104,752
Held
- Almonty IndustriesALM
- Share
- 1.8%
- Value
- $9m
- Shares
- 522,155
Held
- Sprott Asset Management LPCEF
- Share
- 1.0%
- Value
- $5m
- Shares
- 120,075
Held
- Barrick MiningB
- Share
- 1.0%
- Value
- $5m
- Shares
- 130,434
+3%
- Ishares TRSGOV
- Share
- 0.9%
- Value
- $5m
- Shares
- 45,615
New
- Spdr Gold TRGLD
- Share
- 0.8%
- Value
- $4m
- Shares
- 10,954
+3%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.4%
- Value
- $2m
- Shares
- 2,412
-11%
- Vaneck ETF TrustGDX
- Share
- 0.3%
- Value
- $1m
- Shares
- 18,181
Held
- Wells Fargo
- Share
- 0.2%
- Value
- $1m
- Shares
- 1,014
Held
- Ssga Active TRMYCG
- Share
- 0.2%
- Value
- $804,101
- Shares
- 32,177
+4%
- TXO Partners LPTXO
- Share
- 0.1%
- Value
- $625,000
- Shares
- 50,000
Held
- Honeywell AerospaceHONA
- Share
- 0.1%
- Value
- $584,536
- Shares
- 2,644
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Price T Rowe GroupTROW | 13.4% | $66m | 580,325 | -9% |
| CorningGLW | 4.8% | $24m | 92,961 | -12% |
| Spdr Series TrustBIL | 3.9% | $19m | 210,769 | +8% |
| AlphabetGOOG | 3.0% | $15m | 41,357 | -2% |
| Amazon.comAMZN | 2.7% | $14m | 56,653 | Held |
| AppleAAPL | 2.5% | $12m | 42,655 | -13% |
| AstrazenecaAZN | 2.5% | $12m | 64,777 | Held |
| Tetra TechnologiesTTI | 2.2% | $11m | 962,171 | Held |
| Vanguard Whitehall FDSVYMI | 2.1% | $10m | 104,752 | Held |
| ZscalerZS | 1.9% | $9m | 66,172 | Held |
| MicrosoftMSFT | 1.8% | $9m | 23,877 | +5% |
| International Business MachinesIBM | 1.8% | $9m | 31,148 | Held |
| MetLifeMET | 1.8% | $9m | 102,398 | Held |
| Ceco EnvironmentalCECO | 1.8% | $9m | 95,430 | -3% |
| Almonty IndustriesALM | 1.8% | $9m | 522,155 | Held |
| Allison Transmission HoldingsALSN | 1.6% | $8m | 72,287 | Held |
| Diamondback EnergyFANG | 1.6% | $8m | 44,172 | -8% |
| JPMorgan ChaseJPM | 1.4% | $7m | 21,166 | Held |
| ChevronCVX | 1.4% | $7m | 41,759 | -15% |
| Realty IncomeO | 1.4% | $7m | 111,531 | Held |
| Builders FirstSourceBLDR | 1.3% | $7m | 74,278 | +26% |
| ArcosaACA | 1.3% | $7m | 45,166 | Held |
| Fidelity National Information ServicesFIS | 1.3% | $6m | 166,622 | +7% |
| Waystar HoldingWAY | 1.3% | $6m | 315,265 | New |
| Johnson & JohnsonJNJ | 1.3% | $6m | 25,121 | Held |
| ZoetisZTS | 1.2% | $6m | 83,571 | +133% |
| ANI PharmaceuticalsANIP | 1.2% | $6m | 71,990 | Held |
| NPK InternationalNPKI | 1.1% | $5m | 343,930 | Held |
| QualcommQCOM | 1.1% | $5m | 28,075 | -53% |
| DanaherDHR | 1.0% | $5m | 26,510 | +14% |
| Sprott Asset Management LPCEF | 1.0% | $5m | 120,075 | Held |
| Barrick MiningB | 1.0% | $5m | 130,434 | +3% |
| Berkshire HathawayBRK-B | 1.0% | $5m | 9,473 | -16% |
| Zeta Global HoldingsZETA | 1.0% | $5m | 239,765 | +3% |
| Ishares TRSGOV | 0.9% | $5m | 45,615 | New |
| Healthpeak PropertiesDOC | 0.9% | $4m | 208,688 | -15% |
| Adma BiologicsADMA | 0.9% | $4m | 532,353 | -15% |
| Willis Towers WatsonWTW | 0.9% | $4m | 16,415 | Held |
| ChubbCB | 0.8% | $4m | 12,035 | -3% |
| Spdr Gold TRGLD | 0.8% | $4m | 10,954 | +3% |
| Novo Nordisk A SNVO | 0.8% | $4m | 78,134 | -4% |
| Copa HoldingsCPA | 0.7% | $4m | 23,483 | -15% |
| SymboticSYM | 0.6% | $3m | 69,780 | +80% |
| CalixCALX | 0.6% | $3m | 83,555 | +2% |
| Micron TechnologyMU | 0.6% | $3m | 2,695 | -45% |
| MerckMRK | 0.6% | $3m | 23,351 | Held |
| Eli LillyLLY | 0.6% | $3m | 2,492 | -2% |
| AlphabetGOOGL | 0.6% | $3m | 8,337 | +15% |
| Enphase EnergyENPH | 0.6% | $3m | 57,128 | Held |
| MaxlinearMXL | 0.5% | $3m | 20,000 | -11% |
| Alphatec HoldingsATEC | 0.5% | $2m | 279,270 | +7% |
| Advanced Micro DevicesAMD | 0.5% | $2m | 4,124 | -20% |
| Targa ResourcesTRGP | 0.5% | $2m | 8,925 | -10% |
| Procter & GamblePG | 0.5% | $2m | 16,246 | Held |
| NvidiaNVDA | 0.5% | $2m | 11,415 | +92% |
| SLB LimitedSLB | 0.4% | $2m | 42,805 | -29% |
| State STR Spdr S&P 500 ETF TSPY | 0.4% | $2m | 2,412 | -11% |
| AbbVieABBV | 0.3% | $2m | 6,807 | Held |
| WeyerhaeuserWY | 0.3% | $2m | 67,572 | +23% |
| Lattice SemiconductorLSCC | 0.3% | $2m | 10,100 | Held |
| Darling IngredientsDAR | 0.3% | $2m | 28,225 | Held |
| PAR TechnologyPAR | 0.3% | $1m | 80,025 | -21% |
| Cincinnati FinancialCINF | 0.3% | $1m | 7,485 | Held |
| Coca-ColaKO | 0.3% | $1m | 16,946 | Held |
| Vaneck ETF TrustGDX | 0.3% | $1m | 18,181 | Held |
| Global Self StorageSELF | 0.3% | $1m | 260,784 | Held |
| ExxonMobil HoldingsXOM | 0.3% | $1m | 9,412 | -4% |
| Verizon CommunicationsVZ | 0.3% | $1m | 29,670 | Held |
| Lockheed MartinLMT | 0.2% | $1m | 2,339 | Held |
| Wells Fargo | 0.2% | $1m | 1,014 | Held |
| Kornit DigitalKRNT | 0.2% | $1m | 70,975 | Held |
| CryoportCYRX | 0.2% | $1m | 67,225 | +17% |
| Antero ResourcesAR | 0.2% | $1m | 30,000 | Held |
| RTXRTX | 0.2% | $1m | 5,478 | +12% |
| Hudson TechnologiesHDSN | 0.2% | $994,886 | 173,325 | Held |
| EOG ResourcesEOG | 0.2% | $959,724 | 7,398 | +12% |
| GE HealthCare TechnologiesGEHC | 0.2% | $934,802 | 14,604 | +21% |
| AmgenAMGN | 0.2% | $917,379 | 2,533 | Held |
| EnbridgeENB | 0.2% | $916,691 | 16,910 | -9% |
| Brown FormanBF-B | 0.2% | $914,868 | 34,329 | +6% |
| EatonETN | 0.2% | $910,192 | 2,136 | +27% |
| AllstateALL | 0.2% | $898,252 | 3,775 | Held |
| MedtronicMDT | 0.2% | $888,447 | 11,357 | +304% |
| Royal GoldRGLD | 0.2% | $814,409 | 4,080 | Held |
| Ssga Active TRMYCG | 0.2% | $804,101 | 32,177 | +4% |
| PepsiCoPEP | 0.2% | $778,279 | 5,748 | -10% |
| General ElectricGE | 0.1% | $730,642 | 1,955 | -4% |
| BroadcomAVGO | 0.1% | $713,570 | 1,889 | +37% |
| Lowe's CompaniesLOW | 0.1% | $702,249 | 3,185 | Held |
| PrologisPLD | 0.1% | $690,897 | 5,100 | Held |
| Home DepotHD | 0.1% | $662,686 | 1,879 | -10% |
| CSXCSX | 0.1% | $641,227 | 13,491 | Held |
| PNC Financial Services GroupPNC | 0.1% | $635,609 | 2,581 | -15% |
| Nabors IndustriesNBR | 0.1% | $630,075 | 7,500 | Held |
| TXO Partners LPTXO | 0.1% | $625,000 | 50,000 | Held |
| Cisco SystemsCSCO | 0.1% | $607,652 | 5,173 | -16% |
| Toll BrothersTOL | 0.1% | $607,277 | 3,686 | +45% |
| Southern CompanySO | 0.1% | $599,623 | 6,265 | +4% |
| Honeywell InternationalHON | 0.1% | $592,696 | 2,647 | New |
| Honeywell AerospaceHONA | 0.1% | $584,536 | 2,644 | New |
Showing the largest 100 of 187.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 26.0% since 30 June 2025.
Where the money is
Financial services21.6%
Technology21.5%
Health care12.4%
Industrials8.4%
Energy7.5%
Retail & consumer4.8%
Media & telecom4.7%
Real estate3.3%
Materials3.0%
Everyday goods1.4%
Utilities0.3%
Other11.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.