MARATHON CAPITAL MANAGEMENT

CIK

1213206

Location

Hunt Valley, MD

Portfolio Value

Small $436,435,660

Diversification

Diversified

Filing Date

Global Rank

#690 / 2,968 ▲ 2278

Top Industry

Asset Management 16.7%

3Y Alpha vs SPY

-9.3%

Period ended 30 days ago

Filed Jul 22, 2026 · 8d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+31.4%

SPY

+67.9%

Annualised alpha

-9.3%

Max drawdown

−23.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

165 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

15.1%

+0.6 pts

Top 5

29.3%

+1.9 pts

Top 10

40.0%

+1.1 pts

HHI

367

Diversified+24

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	24.1%	$105,316,156	18
Technology	24.0%	$104,940,752	37
Healthcare	15.3%	$66,874,903	28
Industrials	12.8%	$55,660,758	25
Energy	6.1%	$26,611,108	16
Consumer Cyclical	5.9%	$25,884,952	10
Real Estate	3.7%	$16,074,787	7
Basic Materials	3.6%	$15,663,161	6
Unclassified	1.5%	$6,414,030	4
Consumer Defensive	1.4%	$6,079,442	4
Communication Services	1.3%	$5,544,811	7
Utilities	0.3%	$1,370,800	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ZTS	Zoetis Inc.	+47,735	83,571	$6,005,412
SYM	Symbotic Inc.	+30,910	69,780	$3,136,611
ATEC	Alphatec Holdings, Inc.	+17,675	279,270	$2,415,685
BLDR	Builders FirstSource, Inc.	+15,282	74,278	$6,646,395
WY	Weyerhaeuser Co	+12,537	67,572	$1,617,673
FIS	Fidelity National Information Services, Inc.	+10,740	166,622	$6,478,263
CYRX	Cryoport, Inc.	+10,000	67,225	$1,055,432
MDT	Medtronic plc	+8,543	11,357	$888,458
ZETA	Zeta Global Holdings Corp.	+7,940	239,765	$4,718,575
NVDA	Nvidia Corp	+5,455	11,415	$2,284,027
LODE	Comstock Inc.	+5,000	25,000	$104,000
B	Barrick Mining Corp	+4,360	130,434	$4,790,840
DHR	Danaher Corp /De/	+3,211	26,510	$5,049,624
GEHC	GE HealthCare Technologies Inc.	+2,525	14,604	$934,802
CNDT	CONDUENT Inc	+2,500	12,500	$18,250
MCHX	Marchex Inc	+2,500	64,000	$103,040
ACM	Aecom	+2,257	4,917	$343,206
CALX	Calix, Inc	+1,800	83,555	$3,118,272
CRBG	Corebridge Financial, Inc.	+1,376	14,712	$421,204
MSFT	Microsoft Corp	+1,167	23,877	$8,906,598
SELF	Global Self Storage, Inc.	+1,157	260,784	$1,366,508
TOL	Toll Brothers, Inc.	+1,151	3,686	$607,268
GOOGL	Alphabet Inc.	+1,107	8,337	$2,979,393
SMR	NUSCALE POWER Corp	+1,000	51,500	$516,545
AMZN	Amazon Com Inc	+929	56,653	$13,502,676
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ARCC	Ares Capital Corp	−134,222	30,981	$574,077
RXRX	Recursion Pharmaceuticals, Inc.	−129,600	21,695	$79,620
ADMA	Adma Biologics, Inc.	−95,035	532,353	$4,455,794
TROW	Price T Rowe Group Inc	−58,200	580,325	$65,977,149
DOC	Healthpeak Properties, Inc.	−36,967	208,688	$4,465,923
QCOM	Qualcomm Inc/De	−32,105	28,075	$5,187,979
PAR	Par Technology Corp	−20,895	80,025	$1,394,035
SLB	Slb Limited/Nv	−17,325	42,805	$1,990,004
TTI	Tetra Technologies Inc	−16,840	962,171	$10,901,397
KOPN	Kopin Corp	−15,000	10,000	$44,800
GLW	Corning Inc /Ny	−12,226	92,961	$23,745,028
CVX	Chevron Corp	−7,545	41,759	$6,921,971
ALM	Almonty Industries Inc.	−7,000	522,155	$8,646,886
YOU	Clear Secure, Inc.	−7,000	8,000	$445,840
AAPL	Apple Inc.	−6,337	42,655	$12,342,650
CPA	Copa Holdings, S.A.	−4,305	23,483	$3,653,250
FANG	Diamondback Energy, Inc.	−3,779	44,172	$7,764,554
NVO	Novo Nordisk A S	−3,430	78,134	$3,745,743
CECO	Ceco Environmental Corp	−2,900	95,430	$8,659,318
HON	Honeywell International Inc	−2,864	2,647	$592,663
MXL	Maxlinear, Inc	−2,500	20,000	$2,560,600
MU	Micron Technology Inc	−2,230	2,695	$3,110,811
NPKI	NPK International Inc.	−2,180	343,930	$5,471,926
BRK-B	Berkshire Hathaway Inc	−1,808	9,473	$4,740,194
ENB	Enbridge Inc	−1,615	16,910	$916,691
No positions match the current search.

New Positions

Positions the filer opened this quarter

20 positions

Ticker	Company	Shares	Value
WAY	Waystar Holding Corp.	315,265	$6,472,390
HONA	Honeywell Aerospace Inc.	2,644	$583,795
ACN	Accenture plc	4,210	$523,892
V	Visa Inc.	1,512	$518,752
META	Meta Platforms, Inc.	812	$457,391
AMAT	Applied Materials Inc /De	523	$378,129
ULTA	Ulta Beauty, Inc.	798	$359,882
TXN	Texas Instruments Inc	1,185	$353,212
PANW	Palo Alto Networks Inc	976	$332,835
TSLA	Tesla, Inc.	767	$322,600
DVN	Devon Energy Corp/De	7,340	$303,288
NFLX	Netflix Inc	4,101	$292,811
ASML	Asml Holding NV	137	$272,553
TSM	Taiwan Semiconductor Manufacturing Co Ltd	462	$220,637
GWW	W.W. Grainger, Inc.	156	$212,222
QQQ	Invesco Qqq Trust, Series 1	285	$209,874
ATOM	Atomera Inc	10,000	$87,100
SMWB	Similarweb Ltd.	10,000	$61,300
KLTR	Kaltura Inc	15,000	$19,500
ELUT	Elutia Inc.	10,000	$9,800
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
ADBE	Adobe Inc.	13,090	$3,181,917
AMPL	Amplitude, Inc.	171,560	$1,170,039
RIO	Rio Tinto PLC	4,657	$434,451
RYN	Rayonier Inc	20,028	$412,977
KRMN	Karman Holdings Inc.	3,595	$287,779
HLMN	Hillman Solutions Corp.	26,200	$217,984
INVE	Identiv, Inc.	15,500	$57,350
BRFH	Barfresh Food Group Inc.	15,384	$43,229
NNDM	Nano Dimension Ltd.	20,000	$34,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

165 tracked positions · $436,435,660 total · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 165 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TROW	Price T Rowe Group Inc Financial Services	Reduced	580,325	-58,200	$65,977,149	+14.6%	15.12%
GLW	Corning Inc /Ny Technology	Reduced	92,961	-12,226	$23,745,028	+66.0%	5.44%
AMZN	Amazon Com Inc Consumer Cyclical	Added	56,653	+929	$13,502,676	+16.3%	3.09%
AAPL	Apple Inc. Technology	Reduced	42,655	-6,337	$12,342,650	−0.7%	2.83%
AZN	Astrazeneca PLC Healthcare	Reduced	64,777	-398	$12,283,014	−4.4%	2.81%
TTI	Tetra Technologies Inc Industrials	Reduced	962,171	-16,840	$10,901,397	+30.7%	2.50%
ZS	Zscaler, Inc. Technology	Reduced	66,172	-173	$9,340,177	+0.4%	2.14%
MSFT	Microsoft Corp Technology	Added	23,877	+1,167	$8,906,598	+5.9%	2.04%
IBM	International Business Machines Corp Technology	Added	31,148	+200	$8,759,129	+16.8%	2.01%
MET	Metlife Inc Financial Services	Reduced	102,398	-513	$8,663,894	+19.0%	1.99%
CECO	Ceco Environmental Corp Industrials	Reduced	95,430	-2,900	$8,659,318	+47.8%	1.98%
ALM	Almonty Industries Inc. Basic Materials	Reduced	522,155	-7,000	$8,646,886	+12.9%	1.98%
ALSN	Allison Transmission Holdings Inc Consumer Cyclical	Added	72,287	+52	$8,149,636	−3.6%	1.87%
FANG	Diamondback Energy, Inc. Energy	Reduced	44,172	-3,779	$7,764,554	−18.1%	1.78%
JPM	Jpmorgan Chase & Co Financial Services	Added	21,166	+54	$6,928,266	+11.6%	1.59%
CVX	Chevron Corp Energy	Reduced	41,759	-7,545	$6,921,971	−32.1%	1.59%
O	Realty Income Corp Real Estate	Reduced	111,531	-818	$6,910,460	+0.5%	1.58%
BLDR	Builders FirstSource, Inc. Industrials	Added	74,278	+15,282	$6,646,395	+36.8%	1.52%
ACA	Arcosa, Inc. Industrials	Reduced	45,166	-124	$6,562,168	+36.5%	1.50%
FIS	Fidelity National Information Services, Inc. Technology	Added	166,622	+10,740	$6,478,263	−11.4%	1.48%
WAY	Waystar Holding Corp. Healthcare	NEW	315,265	NEW	$6,472,390	NEW	1.48%
JNJ	Johnson & Johnson Healthcare	Reduced	25,121	-167	$6,379,980	+3.2%	1.46%
ZTS	Zoetis Inc. Healthcare	Added	83,571	+47,735	$6,005,412	+41.8%	1.38%
ANIP	Ani Pharmaceuticals Inc Healthcare	Reduced	71,990	-600	$5,959,332	+6.8%	1.37%
NPKI	NPK International Inc. Industrials	Reduced	343,930	-2,180	$5,471,926	+9.1%	1.25%
QCOM	Qualcomm Inc/De Technology	Reduced	28,075	-32,105	$5,187,979	−33.1%	1.19%
DHR	Danaher Corp /De/ Healthcare	Added	26,510	+3,211	$5,049,624	+14.3%	1.16%
CEF	Sprott Physical Gold & Silver Trust Financial Services	Reduced	120,075	-300	$4,830,617	−15.9%	1.11%
B	Barrick Mining Corp Basic Materials	Added	130,434	+4,360	$4,790,840	−6.8%	1.10%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	9,473	-1,808	$4,740,194	−12.3%	1.09%
ZETA	Zeta Global Holdings Corp. Technology	Added	239,765	+7,940	$4,718,575	+27.9%	1.08%
DOC	Healthpeak Properties, Inc. Real Estate	Reduced	208,688	-36,967	$4,465,923	+10.6%	1.02%
ADMA	Adma Biologics, Inc. Healthcare	Reduced	532,353	-95,035	$4,455,794	−21.2%	1.02%
WTW	Willis Towers Watson PLC Financial Services	Reduced	16,415	-127	$4,290,388	−10.8%	0.98%
CB	Chubb Ltd Financial Services	Reduced	12,035	-350	$4,100,805	+1.6%	0.94%
GLD	Spdr Gold Trust	Added	10,954	+291	$4,035,234	−12.1%	0.92%
NVO	Novo Nordisk A S Healthcare	Reduced	78,134	-3,430	$3,745,743	+25.0%	0.86%
CPA	Copa Holdings, S.A. Industrials	Reduced	23,483	-4,305	$3,653,250	+15.7%	0.84%
SYM	Symbotic Inc. Industrials	Added	69,780	+30,910	$3,136,611	+51.7%	0.72%
CALX	Calix, Inc Technology	Added	83,555	+1,800	$3,118,272	−22.1%	0.71%
MU	Micron Technology Inc Technology	Reduced	2,695	-2,230	$3,110,811	+87.0%	0.71%
MRK	Merck & Co., Inc. Healthcare	Reduced	23,351	-334	$3,000,603	+5.3%	0.69%
LLY	ELI LILLY & Co Healthcare	Reduced	2,492	-53	$2,988,979	+27.7%	0.68%
GOOGL	Alphabet Inc. Communication Services	Added	8,337	+1,107	$2,979,393	+43.3%	0.68%
ENPH	Enphase Energy, Inc. Technology	Reduced	57,128	-240	$2,812,982	+29.7%	0.64%
MXL	Maxlinear, Inc Technology	Reduced	20,000	-2,500	$2,560,600	+554.4%	0.59%
ATEC	Alphatec Holdings, Inc. Healthcare	Added	279,270	+17,675	$2,415,685	−15.1%	0.55%
AMD	Advanced Micro Devices Inc Technology	Reduced	4,124	-1,025	$2,395,672	+128.7%	0.55%
TRGP	Targa Resources Corp. Energy	Reduced	8,925	-1,000	$2,393,149	−3.8%	0.55%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	16,246	+19	$2,382,313	+1.6%	0.55%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.