Fund Holdings

Marathon Asset Management Ltd

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
MILLICOM INTL CELLULAR S A0984,528+984,528047,788,8631.76%+47,788,863
FRANCO NEV CORP(FNV)324,920306,723-18,19753,232,13868,287,6852.51%+15,055,547
SMURFIT WESTROCK PLC(SW)0243,366+243,366010,360,0910.38%+10,360,091
LAUREATE EDUCATION INC(LAUR)1,619,0861,526,033-93,05337,854,23148,131,0101.77%+10,276,779
SOUTHERN COPPER CORP(SCCO)706,405672,083-34,32271,466,84081,563,7913.00%+10,096,951
TENCENT MUSIC ENTMT GROUP(TME)3,039,6992,864,424-175,27559,243,86666,855,6562.46%+7,611,790
BANK NOVA SCOTIA HALIFAX1,231,1921,162,303-68,88967,960,89775,181,9732.77%+7,221,076
VIPSHOP HLDGS LTD(VIPS)3,720,3883,114,748-605,64055,991,83961,173,7842.25%+5,181,945
CEMEX SAB DE CV(CX)6,094,1715,240,589-853,58242,232,06747,112,6651.73%+4,880,598
GILDAN ACTIVEWEAR INC(GIL)838,247791,282-46,96541,225,27845,721,8611.68%+4,496,583
BROOKFIELD CORP(BN)1,473,8591,390,733-83,12691,036,88095,443,6133.51%+4,406,733
VAIL RESORTS INC(MTN)79,09096,066+16,97612,583,05614,368,5920.53%+1,785,536
TAIWAN SEMICONDUCTOR MFG LTD(TSM)52,25348,714-3,53911,863,07713,636,7270.50%+1,773,650
ALPHABET INC(GOOG)513,833377,542-136,29190,551,89691,779,6333.38%+1,227,737
FTI CONSULTING INC(FCN)53,06156,830+3,7698,569,1829,186,0710.34%+616,889
BARRICK MNG CORP(B)224,860151,860-73,0004,681,4364,976,5900.18%+295,154
C H ROBINSON WORLDWIDE INC(CHRW)139,122102,502-36,62013,424,88713,644,4740.50%+219,587
COPA HOLDINGS SA(CPA)402,752374,590-28,16244,290,44044,508,4781.64%+218,038
BIO RAD LABS INC59,81151,918-7,89314,434,03614,556,3790.54%+122,343
INMODE LTD(INMD)187,259187,25902,704,0202,790,1590.10%+86,139
BROOKFIELD ASSET MANAGMT LTD(BAM)367,324346,484-20,84020,292,54419,724,5230.73%-568,021
WEYERHAEUSER CO MTN BE(WY)332,557313,004-19,5538,542,9977,759,3690.29%-783,628
FLUTTER ENTMT PLC(FLUT)24,98324,98307,139,1426,345,6820.23%-793,460
BAKER HUGHES COMPANY(BKR)360,468265,494-94,97413,819,76512,934,5110.48%-885,254
ROGERS CORP(ROG)175,937129,314-46,62312,048,54310,404,6040.38%-1,643,939
VONTIER CORPORATION(VNT)308,863227,373-81,49011,396,8809,542,9980.35%-1,853,882
TELEFLEX INCORPORATED(TFX)84,52464,787-19,73710,004,4937,927,3010.29%-2,077,192
CANADIAN NAT RES LTD(CNQ)1,790,1551,692,101-98,05456,919,44454,826,6972.02%-2,092,747
COCA COLA CONS INC(COKE)86,51463,710-22,8049,659,1037,464,2640.27%-2,194,839
IQVIA HLDGS INC(IQV)169,261128,464-40,79726,673,11524,400,1530.90%-2,272,962
WESCO INTL INC(WCC)78,12057,514-20,60614,468,40612,163,8640.45%-2,304,542
SEALED AIR CORP NEW493,489363,588-129,90115,312,96412,852,8360.47%-2,460,128
ARCHER DANIELS MIDLAND CO292,275215,257-77,01815,426,11812,859,3080.47%-2,566,810
WELLS FARGO CO NEW(WFC)149,026109,742-39,28411,939,4879,198,7210.34%-2,740,766
NEWMONT CORP(NEM)301,443174,701-126,74217,561,90814,728,6880.54%-2,833,220
NVIDIA CORPORATION(NVDA)422,520342,179-80,34166,754,73563,847,2662.35%-2,907,469
TERADATA CORP DEL(TDC)457,359336,163-121,19610,203,6797,230,8660.27%-2,972,813
TJX COS INC NEW(TJX)172,010125,404-46,60621,240,96218,125,8940.67%-3,115,068
AXALTA COATING SYS LTD(AXTA)377,393277,910-99,48311,204,1957,953,4120.29%-3,250,783
HEALTHCARE SVCS GROUP INC(HCSG)1,275,230939,641-335,58919,166,70715,814,1580.58%-3,352,549
AIR LEASE CORP301,202221,772-79,43017,675,58914,173,1090.52%-3,502,480
NLIGHT INC(LASR)736,066366,148-369,91814,484,60110,848,9650.40%-3,635,636
WILLSCOT HLDGS CORP(WSC)463,269422,827-40,44212,693,5718,925,8780.33%-3,767,693
INTERACTIVE BROKERS GROUP IN(IBKR)719,904524,853-195,05139,889,10936,115,1351.33%-3,773,974
COCA-COLA EUROPACIFIC PARTNE1,180,0821,165,190-14,892109,417,203105,344,8283.88%-4,072,375
ENVISTA HOLDINGS CORPORATION(NVST)950,007699,446-250,56118,562,63114,247,7150.52%-4,314,916
CARMAX INC(KMX)131,94197,155-34,7868,867,8254,359,3450.16%-4,508,480
OPENLANE INC(OPLN)1,449,9651,068,163-381,80235,453,19130,741,7311.13%-4,711,460
THERMO FISHER SCIENTIFIC INC(TMO)122,72192,802-29,91949,783,63945,053,7991.66%-4,729,840
DONNELLEY FINL SOLUTIONS INC(DFIN)202,824149,412-53,41212,504,4247,684,2590.28%-4,820,165
CANADIAN PACIFIC KANSAS CITY(CP)595,344561,968-33,37647,295,43741,950,5891.54%-5,344,848
HENRY SCHEIN INC(HSIC)233,417171,888-61,52917,050,98811,408,2070.42%-5,642,781
DOLLAR TREE INC(DLTR)194,941143,528-51,41319,306,95713,544,2540.50%-5,762,703
ROYALTY PHARMA PLC(RPRX)579,621426,072-153,54920,883,12415,031,2450.55%-5,851,879
FREEPORT-MCMORAN INC(FCX)361,749249,302-112,44715,681,3429,777,4030.36%-5,903,939
S&P GLOBAL INC(SPGI)57,07449,179-7,89530,093,71123,935,2850.88%-6,158,426
MICRON TECHNOLOGY INC(MU)426,551272,606-153,94552,570,80745,612,4361.68%-6,958,371
CABLE ONE INC54,7460-54,7467,434,7320-7,434,732
PROGRESSIVE CORP(PGR)165,438146,891-18,54744,148,52136,274,4321.33%-7,874,089
LYONDELLBASELL INDUSTRIES N430,029329,029-101,00024,881,47816,135,3970.59%-8,746,081
ATS CORPORATION(ATS)1,234,9611,166,007-68,95439,306,81230,509,2311.12%-8,797,581
HDFC BANK LTD(HDB)512,976878,938+365,96239,669,02030,024,1581.10%-9,644,862
BOOKING HOLDINGS INC(BKNG)5,8234,448-1,37533,707,88324,014,1560.88%-9,693,727
AUTODESK INC137,540100,295-37,24542,577,00731,859,6221.17%-10,717,385
ALIGN TECHNOLOGY INC189,319191,320+2,00135,843,40623,956,3160.88%-11,887,090
MASTERCARD INCORPORATED(MA)95,23072,897-22,33353,673,56541,470,1781.53%-12,203,387
CME GROUP INC(CME)159,347116,204-43,14343,918,02731,396,4481.16%-12,521,579
WABTEC(WAB)65,9430-65,94313,805,1670-13,805,167
PAYCOM SOFTWARE INC(PAYC)268,285222,413-45,87262,080,12146,292,9121.70%-15,787,209
ELEVANCE HEALTH INC FORMERLY(ELV)263,536267,395+3,859102,504,96386,400,2063.18%-16,104,757
VISA INC(V)182,670139,710-42,96064,854,26447,691,9951.75%-17,162,269
MARKEL GROUP INC(MKL)32,63124,871-7,76065,172,58547,538,9281.75%-17,633,657
TRANSUNION(TRU)745,626570,476-175,15065,613,70147,795,1221.76%-17,818,579
MICROSOFT CORP(MSFT)229,799184,741-45,058114,301,16795,686,4883.52%-18,614,679
ORACLE CORP(ORCL)315,058172,604-142,45468,879,75448,541,0781.79%-20,338,676
AMAZON COM INC(AMZN)618,952517,446-101,506135,836,391113,562,4114.18%-22,273,980
META PLATFORMS INC(META)135,919103,799-32,120100,319,88376,225,9082.80%-24,093,975
ALPHABET INC(GOOG)231,75256,316-175,43641,109,74613,715,5310.50%-27,394,215
FISERV INC(FISV)523,415477,082-46,33390,241,24961,509,3582.26%-28,731,891
ADOBE INC(ADBE)86,1910-86,19133,344,8620-33,344,862
CNH INDL N V13,051,99712,473,058-578,939169,153,654135,332,6794.98%-33,820,975
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