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Marathon Asset Management Ltd

THE FLORAL BUILDING 27B FLORAL STREET, LONDON WC2E 9DP • 44 0 2074972211

Q2 2025 · Filed 2025-08-11
Market Value
$3.0B
+6.9%
Holdings
78
-1
New Purchases
1
Added To
13
Closed
3
Reduced
59
Top 10 Concentration
35.8%
Turnover
5.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BNS 2.26% 1.50% +0.77% $68M
ORCL 2.29% 1.59% +0.71% $69M
MSFT 3.81% 3.11% +0.70% $114M
NVDA 2.22% 1.65% +0.57% $67M
AMZN 4.52% 3.99% +0.53% $136M
TMO 1.66% 1.22% +0.44% $50M
TME 1.97% 1.68% +0.29% $59M
LASR 0.48% 0.21% +0.28% $14M
MU 1.75% 1.47% +0.28% $53M
IBKR 1.33% 1.08% +0.25% $40M
META 3.34% 3.15% +0.19% $100M
HCSG 0.64% 0.46% +0.17% $19M
OPLN 1.18% 1.01% +0.17% $35M
BKNG 1.12% 0.97% +0.16% $34M
B 0.16% 0.00% +0.16% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EA 0.00% 1.26% -1.26% $0
MRK 0.00% 0.91% -0.91% $0
MGA 0.00% 0.51% -0.51% $0
VIPS 1.86% 2.31% -0.45% $56M
CNHI 5.63% 6.01% -0.38% $169M
FI 3.00% 3.34% -0.33% $90M
ANTM 3.41% 3.72% -0.31% $103M
CABO 0.25% 0.52% -0.28% $7M
CNQ 1.89% 2.15% -0.26% $57M
PGR 1.47% 1.69% -0.22% $44M
FNV 1.77% 1.97% -0.20% $53M
IQV 0.89% 1.08% -0.19% $27M
CCEP 3.64% 3.81% -0.17% $109M
CPA 1.47% 1.62% -0.15% $44M
V 2.16% 2.31% -0.15% $65M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 18.5%
Technology 14.2%
Consumer Cyclical 12.6%
Healthcare 11.3%
Industrials 11.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 13 $813M 27.1%
Large Cap 40 $1.7B 55.8%
Mid Cap 21 $472M 15.7%
Small Cap 3 $34M 1.1%
Micro Cap 1 $7M 0.2%

Portfolio Analytics

Avg Market Cap
$382.6B
Median Market Cap
$25.7B
Avg P/E
25.1
Median P/E
24.2
Avg Dividend Yield
0.01%
Avg Beta
1.02
# Stocks
78
# ETFs / Funds
0

Top Holdings (78 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CNHI 5.63% 13,051,997 $169M $12.96 $325K -696,267 -5.1%
2 AMZN 4.52% 618,952 $136M $219.46 $24M +27,910 +4.7%
3 MSFT 3.81% 229,799 $114M $497.40 $27M -2,994 -1.3%
4 CCEP 3.64% 1,180,082 $109M $92.72 $2M -49,822 -4.0%
5 ANTM 3.41% 263,536 $103M $388.96 -$2M +22,954 +9.5%
6 META 3.34% 135,919 $100M $738.09 $12M -17,752 -11.6%
7 BN 3.03% 1,473,859 $91M $61.77 $8M -121,248 -7.6%
8 GOOGL 3.01% 513,833 $91M $176.23 $10M -5,967 -1.1%
9 FI 3.00% 523,415 $90M $172.41 -$4M +98,575 +23.2%
10 SCCO 2.38% 706,405 $71M $101.17 $1M -47,094 -6.2%
11 ORCL 2.29% 315,058 $69M $218.63 $24M -4,064 -1.3%
12 BNS 2.26% 1,231,192 $68M $55.20 $26M +344,598 +38.9%
13 NVDA 2.22% 422,520 $67M $157.99 $20M -6,015 -1.4%
14 TRU 2.18% 745,626 $66M $88.00 $7M +42,795 +6.1%
15 MKL 2.17% 32,631 $65M $1,997.26 $3M -409 -1.2%
16 V 2.16% 182,670 $65M $355.04 $46K -2,257 -1.2%
17 PAYC 2.07% 268,285 $62M $231.40 $4M +3,309 +1.2%
18 TME 1.97% 3,039,699 $59M $19.49 $12M -236,874 -7.2%
19 CNQ 1.89% 1,790,155 $57M $31.80 -$4M -150,916 -7.8%
20 VIPS 1.86% 3,720,388 $56M $15.05 -$9M -420,747 -10.2%
21 MA 1.79% 95,230 $54M $563.62 $928K -1,174 -1.2%
22 FNV 1.77% 324,920 $53M $163.83 -$2M -26,757 -7.6%
23 MU 1.75% 426,551 $53M $123.25 $11M -49,914 -10.5%
24 TMO 1.66% 122,721 $50M $405.67 $16M +54,086 +78.8%
25 CPA 1.47% 402,752 $44M $109.97 -$1M -90,455 -18.3%
26 PGR 1.47% 165,438 $44M $266.86 -$3M -2,356 -1.4%
27 CME 1.46% 159,347 $44M $275.61 $1M -2,267 -1.4%
28 ADSK 1.42% 137,540 $43M $309.56 $6M -1,960 -1.4%
29 CX 1.41% 6,094,171 $42M $6.93 $4M -706,824 -10.4%
30 GIL 1.37% 838,247 $41M $49.18 $918K -69,011 -7.6%
31 GOOG 1.37% 231,752 $41M $177.39 $4M -3,301 -1.4%
32 IBKR 1.33% 719,904 $40M $55.41 $10M +537,366 +294.4%
33 HDB 1.32% 512,976 $40M $77.33 $3M -37,647 -6.8%
34 LAUR 1.26% 1,619,086 $38M $23.38 $712K -197,148 -10.8%
35 ALGN 1.19% 189,319 $36M $189.33 $5M -2,395 -1.2%
36 OPLN 1.18% 1,449,965 $35M $24.45 $7M -20,675 -1.4%
37 BKNG 1.12% 5,823 $34M $5,788.75 $7M -73 -1.2%
38 ADBE 1.11% 86,191 $33M $386.87 -$139K -1,115 -1.3%
39 SPGI 1.00% 57,074 $30M $527.28 $727K -722 -1.2%
40 IQV 0.89% 169,261 $27M $157.59 -$4M -2,146 -1.2%
41 LYB 0.83% 430,029 $25M $57.86 $6M +157,983 +58.1%
42 TJX 0.71% 172,010 $21M $123.49 -$7K -2,447 -1.4%
43 RPRX 0.70% 579,621 $21M $36.03 $766K -66,625 -10.3%
44 DLTR 0.64% 194,941 $19M $99.04 $4M -2,782 -1.4%
45 HCSG 0.64% 1,275,230 $19M $15.03 $6M -18,185 -1.4%
46 NVST 0.62% 950,007 $19M $19.54 $2M -13,577 -1.4%
47 AL 0.59% 301,202 $18M $58.68 $3M -4,272 -1.4%
48 NEM 0.58% 301,443 $18M $58.26 $850K -44,707 -12.9%
49 HSIC 0.57% 233,417 $17M $73.05 $836K -3,328 -1.4%
50 FCX 0.52% 361,749 $16M $43.35 $2M -6,431 -1.8%
51 ADM 0.51% 292,275 $15M $52.78 $1M -4,133 -1.4%
52 SEE 0.51% 493,489 $15M $31.03 $848K -7,039 -1.4%
53 LASR 0.48% 736,066 $14M $19.68 $9M -10,398 -1.4%
54 WCC 0.48% 78,120 $14M $185.21 $2M -1,103 -1.4%
55 BIO 0.48% 59,811 $14M $241.33 -$340K -844 -1.4%
56 BKR 0.46% 360,468 $14M $38.34 -$2M -5,097 -1.4%
57 WAB 0.46% 65,943 $14M $209.35 $2M -931 -1.4%
58 CHRW 0.45% 139,122 $13M $96.50 -$1M -1,965 -1.4%
59 WSC 0.42% 463,269 $13M $27.40 $2M +73,209 +18.8%
60 MTN 0.42% 79,090 $13M $159.10 -$425K -1,118 -1.4%
61 DFIN 0.42% 202,824 $13M $61.65 $4M -2,864 -1.4%
62 ROG 0.40% 175,937 $12M $68.48 $2M +28,799 +19.6%
63 WFC 0.40% 149,026 $12M $80.12 $1M -2,105 -1.4%
64 TSM 0.39% 52,253 $12M $227.03 $3M
65 VNT 0.38% 308,863 $11M $36.90 $1M -4,358 -1.4%
66 AXTA 0.37% 377,393 $11M $29.69 -$1M -5,327 -1.4%
67 TDC 0.34% 457,359 $10M $22.31 $2M +87,658 +23.7%
68 TFX 0.33% 84,524 $10M $118.36 -$2M -1,028 -1.2%
69 COKE 0.32% 86,514 $10M $111.65 -$2M +77,740 +886.0%
70 KMX 0.30% 131,941 $9M $67.21 -$2M -1,865 -1.4%
71 FCN 0.29% 53,061 $9M $161.50 -$260K -749 -1.4%
72 WY 0.28% 332,557 $9M $25.69 -$1M -5,240 -1.6%
73 CABO 0.25% 54,746 $7M $135.80 -$7M -775 -1.4%
74 B 0.16% 224,860 $5M $20.82 +224,860 NEW
75 INMD 0.09% 187,259 $3M $14.44 -$618K
76 MGA —% -$14M -419,584 -100.0% SOLD
77 EA —% -$36M -245,681 -100.0% SOLD
78 MRK —% -$26M -283,481 -100.0% SOLD

New Positions

SymbolValue% Port
B $5M 0.16%

Sold Out Positions

SymbolValue% Port
MGA —%
MRK —%
EA —%
View SEC EDGAR Filings for Marathon Asset Management Ltd →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms