Marathon Asset Management Ltd
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| Alphabet Inc. - Class A | 377,542 | 344,933 | -32,609 | 91,779,633 | 107,962,839 | +16,183,206 |
| Millicom Intl Cellular - SDR | 984,528 | 1,101,022 | +116,494 | 47,788,863 | 61,074,174 | +13,285,311 |
| Southern Copper Corp | 672,083 | 646,882 | -25,201 | 81,563,791 | 92,808,014 | +11,244,223 |
| Cemex Sab de CV | 5,240,589 | 4,970,608 | -269,981 | 47,112,665 | 57,112,056 | +9,999,391 |
| Masterbrand Inc | 0 | 742,876 | +742,876 | 0 | 8,201,351 | +8,201,351 |
| S&P Global Inc | 49,179 | 59,026 | +9,847 | 23,935,285 | 30,846,690 | +6,911,405 |
| Micron Technology Inc | 272,606 | 183,641 | -88,965 | 45,612,436 | 52,429,338 | +6,816,902 |
| Bank of Nova Scotia | 1,162,303 | 1,094,126 | -68,177 | 75,181,973 | 80,811,456 | +5,629,483 |
| HDFC Bank Limited | 878,938 | 973,218 | +94,280 | 30,024,158 | 35,561,188 | +5,537,030 |
| COPA Holdings SA-Class A | 374,590 | 409,572 | +34,982 | 44,508,478 | 49,398,479 | +4,890,001 |
| Teleflex Inc | 64,787 | 102,894 | +38,107 | 7,927,301 | 12,557,381 | +4,630,080 |
| Thermo Fisher Scientific Inc | 92,802 | 85,546 | -7,256 | 45,053,799 | 49,601,772 | +4,547,973 |
| Align Technology Inc | 191,320 | 176,586 | -14,734 | 23,956,316 | 27,573,904 | +3,617,588 |
| Amazon.com Inc | 517,446 | 506,735 | -10,711 | 113,562,411 | 116,930,373 | +3,367,962 |
| Laureate Education Inc | 1,526,033 | 1,508,050 | -17,983 | 48,131,010 | 50,776,044 | +2,645,034 |
| Dollar Tree Inc | 143,528 | 130,810 | -12,718 | 13,544,254 | 16,090,660 | +2,546,406 |
| Freeport-McMoran Copper | 249,302 | 238,706 | -10,596 | 9,777,403 | 12,123,666 | +2,346,263 |
| Iqvia Holdings Inc | 128,464 | 118,577 | -9,887 | 24,400,153 | 26,728,728 | +2,328,575 |
| Teradata Corp | 336,163 | 306,300 | -29,863 | 7,230,866 | 9,323,772 | +2,092,906 |
| Markel Corp | 24,871 | 22,986 | -1,885 | 47,538,928 | 49,411,855 | +1,872,927 |
| Coca-Cola Consolidated Inc | 63,710 | 58,068 | -5,642 | 7,464,264 | 8,901,701 | +1,437,437 |
| C H Robinson Worldwide Inc | 102,502 | 93,425 | -9,077 | 13,644,474 | 15,069,742 | +1,425,268 |
| Barrick Gold Corp | 151,860 | 145,214 | -6,646 | 4,976,590 | 6,323,805 | +1,347,215 |
| Newmont Corp | 174,701 | 159,017 | -15,684 | 14,728,688 | 15,877,847 | +1,149,159 |
| Gildan Activewear Inc | 791,282 | 744,881 | -46,401 | 45,721,861 | 46,620,475 | +898,614 |
| Sealed Air Corp | 363,588 | 331,385 | -32,203 | 12,852,836 | 13,729,281 | +876,445 |
| Wesco International Inc | 57,514 | 52,418 | -5,096 | 12,163,864 | 12,822,431 | +658,567 |
| Healthcare Services Group | 939,641 | 856,431 | -83,210 | 15,814,158 | 16,374,961 | +560,803 |
| Henry Schein Inc | 171,888 | 156,665 | -15,223 | 11,408,207 | 11,840,741 | +432,534 |
| Rogers Corp | 129,314 | 117,826 | -11,488 | 10,404,604 | 10,788,741 | +384,137 |
| Axalta Coating Systems Ltd | 277,910 | 253,293 | -24,617 | 7,953,412 | 8,183,718 | +230,306 |
| Wells Fargo | 109,742 | 100,021 | -9,721 | 9,198,721 | 9,322,098 | +123,377 |
| Elevance Health Inc | 267,395 | 246,811 | -20,584 | 86,400,206 | 86,519,148 | +118,942 |
| Canadian Natural Resources | 1,692,101 | 1,600,148 | -91,953 | 54,826,697 | 54,937,677 | +110,980 |
| Royalty Pharma Plc-CL A | 426,072 | 388,226 | -37,846 | 15,031,245 | 15,001,053 | -30,192 |
| Inmode Ltd | 187,259 | 187,259 | 0 | 2,790,159 | 2,750,835 | -39,324 |
| Smurfit Westrock Plc | 243,366 | 266,831 | +23,465 | 10,360,091 | 10,318,355 | -41,736 |
| Bio-Rad Laboratories-A | 51,918 | 47,292 | -4,626 | 14,556,379 | 14,328,534 | -227,845 |
| ATS CN | 1,166,007 | 1,097,711 | -68,296 | 30,509,231 | 30,277,826 | -231,405 |
| FTI Consulting Inc | 56,830 | 51,731 | -5,099 | 9,186,071 | 8,837,097 | -348,974 |
| Taiwan Semiconductor Manufacturing Co Ltd | 48,714 | 43,543 | -5,171 | 13,636,727 | 13,259,707 | -377,020 |
| Envista Holdings Corp | 699,446 | 637,484 | -61,962 | 14,247,715 | 13,839,778 | -407,937 |
| TJX Companies Inc | 125,404 | 114,191 | -11,213 | 18,125,894 | 17,541,043 | -584,851 |
| Weyerhaeuser Co | 313,004 | 280,608 | -32,396 | 7,759,369 | 6,647,837 | -1,111,532 |
| Progressive Corp | 146,891 | 154,309 | +7,418 | 36,274,432 | 35,139,913 | -1,134,519 |
| Donnelley Financial Solution | 149,412 | 136,182 | -13,230 | 7,684,259 | 6,357,953 | -1,326,306 |
| Paddy Power Plc | 24,983 | 23,089 | -1,894 | 6,345,682 | 4,965,059 | -1,380,623 |
| Archer-Daniels-Midland Co. | 215,257 | 196,188 | -19,069 | 12,859,308 | 11,278,848 | -1,580,460 |
| Willscot Holdings Corp | 422,827 | 384,873 | -37,954 | 8,925,878 | 7,247,159 | -1,678,719 |
| Kar Auction Services Inc | 1,068,163 | 973,566 | -94,597 | 30,741,731 | 28,992,108 | -1,749,623 |
| Vontier Corp | 227,373 | 207,242 | -20,131 | 9,542,998 | 7,705,258 | -1,837,740 |
| Baker Hughes Co | 265,494 | 241,979 | -23,515 | 12,934,511 | 11,019,552 | -1,914,959 |
| Booking Holdings Inc. | 4,448 | 4,112 | -336 | 24,014,156 | 22,020,732 | -1,993,424 |
| Visa Inc Class A | 139,710 | 129,271 | -10,439 | 47,691,995 | 45,337,841 | -2,354,154 |
| CME Group Inc | 116,204 | 105,672 | -10,532 | 31,396,448 | 28,856,910 | -2,539,538 |
| Transunion | 570,476 | 527,752 | -42,724 | 47,795,122 | 45,254,426 | -2,540,696 |
| Vail Resorts Inc | 96,066 | 87,443 | -8,623 | 14,368,592 | 11,774,916 | -2,593,676 |
| Brookfield Asset Mgmt-A-W/I | 346,484 | 326,021 | -20,463 | 19,724,523 | 17,102,869 | -2,621,654 |
| Canadian Pacific Kansas City | 561,968 | 528,966 | -33,002 | 41,950,589 | 39,079,262 | -2,871,327 |
| Air Lease Corp | 221,772 | 175,295 | -46,477 | 14,173,109 | 11,297,959 | -2,875,150 |
| Lyondellbasell Indu-CL A | 329,029 | 304,367 | -24,662 | 16,135,397 | 13,178,913 | -2,956,484 |
| Mastercard Inc - Class A | 72,897 | 67,456 | -5,441 | 41,470,178 | 38,443,921 | -3,026,257 |
| Coca-Cola Europacific Partners plc | 1,165,190 | 1,127,175 | -38,015 | 105,344,828 | 102,234,773 | -3,110,055 |
| Autodesk Inc | 100,295 | 91,230 | -9,065 | 31,859,622 | 27,004,927 | -4,854,695 |
| Brookfield Asset Manage-CL A | 1,390,733 | 1,962,979 | +572,246 | 95,443,613 | 90,248,582 | -5,195,031 |
| Interactive Brokers GRO-CL A | 524,853 | 477,442 | -47,411 | 36,115,135 | 30,704,638 | -5,410,497 |
| NVIDIA Corp | 342,179 | 311,243 | -30,936 | 63,847,266 | 58,046,595 | -5,800,671 |
| Alphabet Inc. - Class A | 56,316 | 24,692 | -31,624 | 13,715,531 | 7,748,332 | -5,967,199 |
| Franco-Nevada Corp | 306,723 | 288,741 | -17,982 | 68,287,685 | 59,929,969 | -8,357,716 |
| Vipshop Holdings Ltd | 3,114,748 | 2,942,551 | -172,197 | 61,173,784 | 52,053,594 | -9,120,190 |
| Meta Platforms Inc | 103,799 | 95,985 | -7,814 | 76,225,908 | 63,357,270 | -12,868,638 |
| Microsoft Corp | 184,741 | 169,785 | -14,956 | 95,686,488 | 82,111,205 | -13,575,283 |
| Paycom Software Inc | 222,413 | 205,170 | -17,243 | 46,292,912 | 32,694,895 | -13,598,017 |
| Oracle Corp | 172,604 | 144,824 | -27,780 | 48,541,078 | 28,228,015 | -20,313,063 |
| CNH Industrial NV | 12,473,058 | 11,917,195 | -555,863 | 135,332,679 | 109,876,538 | -25,456,141 |
| Tencent Music Ent - Class A | 2,864,424 | 2,305,413 | -559,011 | 66,855,656 | 40,413,785 | -26,441,871 |
| Fiserv Inc | 477,082 | 477,139 | +57 | 61,509,358 | 32,049,427 | -29,459,931 |