Fund HoldingsMarathon Asset Management Ltd

Total Portfolio Value
$2.60B
Total Bought
$79.29M
Total Sold
$296.24M
Net Transaction
-$216.95M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
Alphabet Inc. - Class A(GOOG)377,542344,933-32,60991,780107,9634.15%+16,183
Millicom Intl Cellular - SDR
COM STK
984,5281,101,022+116,49447,78961,0742.35%+13,285
Southern Copper Corp(SCCO)672,083646,882-25,20181,56492,8083.57%+11,244
Cemex Sab de CV(CX)5,240,5894,970,608-269,98147,11357,1122.20%+9,999
Masterbrand Inc(MBC)0742,876+742,87608,2010.32%+8,201
S&P Global Inc(SPGI)49,17959,026+9,84723,93530,8471.19%+6,911
Micron Technology Inc(MU)272,606183,641-88,96545,61252,4292.02%+6,817
Bank of Nova Scotia1,162,3031,094,126-68,17775,18280,8113.11%+5,629
HDFC Bank Limited(HDB)878,938973,218+94,28030,02435,5611.37%+5,537
COPA Holdings SA-Class A(CPA)374,590409,572+34,98244,50849,3981.90%+4,890
Teleflex Inc(TFX)64,787102,894+38,1077,92712,5570.48%+4,630
Thermo Fisher Scientific Inc(TMO)92,80285,546-7,25645,05449,6021.91%+4,548
Align Technology Inc191,320176,586-14,73423,95627,5741.06%+3,618
Amazon.com Inc(AMZN)517,446506,735-10,711113,562116,9304.50%+3,368
Laureate Education Inc(LAUR)1,526,0331,508,050-17,98348,13150,7761.95%+2,645
Dollar Tree Inc(DLTR)143,528130,810-12,71813,54416,0910.62%+2,546
Freeport-McMoran Copper(FCX)249,302238,706-10,5969,77712,1240.47%+2,346
Iqvia Holdings Inc(IQV)128,464118,577-9,88724,40026,7291.03%+2,329
Teradata Corp(TDC)336,163306,300-29,8637,2319,3240.36%+2,093
Markel Corp(MKL)24,87122,986-1,88547,53949,4121.90%+1,873
Coca-Cola Consolidated Inc(COKE)63,71058,068-5,6427,4648,9020.34%+1,437
C H Robinson Worldwide Inc(CHRW)102,50293,425-9,07713,64415,0700.58%+1,425
Barrick Gold Corp(B)151,860145,214-6,6464,9776,3240.24%+1,347
Newmont Corp(NEM)174,701159,017-15,68414,72915,8780.61%+1,149
Gildan Activewear Inc(GIL)791,282744,881-46,40145,72246,6201.79%+899
Sealed Air Corp363,588331,385-32,20312,85313,7290.53%+876
Wesco International Inc(WCC)57,51452,418-5,09612,16412,8220.49%+659
Healthcare Services Group(HCSG)939,641856,431-83,21015,81416,3750.63%+561
Henry Schein Inc(HSIC)171,888156,665-15,22311,40811,8410.46%+433
Rogers Corp(ROG)129,314117,826-11,48810,40510,7890.42%+384
Axalta Coating Systems Ltd(AXTA)277,910253,293-24,6177,9538,1840.31%+230
Wells Fargo(WFC)109,742100,021-9,7219,1999,3220.36%+123
Elevance Health Inc(ELV)267,395246,811-20,58486,40086,5193.33%+119
Canadian Natural Resources(CNQ)1,692,1011,600,148-91,95354,82754,9382.11%+111
Royalty Pharma Plc-CL A(RPRX)426,072388,226-37,84615,03115,0010.58%-30
Inmode Ltd(INMD)187,259187,25902,7902,7510.11%-39
Smurfit Westrock Plc(SW)243,366266,831+23,46510,36010,3180.40%-42
Bio-Rad Laboratories-A51,91847,292-4,62614,55614,3290.55%-228
ATS CN(ATS)1,166,0071,097,711-68,29630,50930,2781.16%-231
FTI Consulting Inc(FCN)56,83051,731-5,0999,1868,8370.34%-349
Taiwan Semiconductor Manufacturing Co Ltd(TSM)48,71443,543-5,17113,63713,2600.51%-377
Envista Holdings Corp(NVST)699,446637,484-61,96214,24813,8400.53%-408
TJX Companies Inc(TJX)125,404114,191-11,21318,12617,5410.67%-585
Weyerhaeuser Co(WY)313,004280,608-32,3967,7596,6480.26%-1,112
Progressive Corp(PGR)146,891154,309+7,41836,27435,1401.35%-1,135
Donnelley Financial Solution(DFIN)149,412136,182-13,2307,6846,3580.24%-1,326
Paddy Power Plc(FLUT)24,98323,089-1,8946,3464,9650.19%-1,381
Archer-Daniels-Midland Co.215,257196,188-19,06912,85911,2790.43%-1,580
Willscot Holdings Corp(WSC)422,827384,873-37,9548,9267,2470.28%-1,679
Kar Auction Services Inc(OPLN)1,068,163973,566-94,59730,74228,9921.12%-1,750
Vontier Corp(VNT)227,373207,242-20,1319,5437,7050.30%-1,838
Baker Hughes Co(BKR)265,494241,979-23,51512,93511,0200.42%-1,915
Booking Holdings Inc.(BKNG)4,4484,112-33624,01422,0210.85%-1,993
Visa Inc Class A(V)139,710129,271-10,43947,69245,3381.74%-2,354
CME Group Inc(CME)116,204105,672-10,53231,39628,8571.11%-2,540
Transunion(TRU)570,476527,752-42,72447,79545,2541.74%-2,541
Vail Resorts Inc(MTN)96,06687,443-8,62314,36911,7750.45%-2,594
Brookfield Asset Mgmt-A-W/I(BAM)346,484326,021-20,46319,72517,1030.66%-2,622
Canadian Pacific Kansas City(CP)561,968528,966-33,00241,95139,0791.50%-2,871
Air Lease Corp
CL A
221,772175,295-46,47714,17311,2980.43%-2,875
Lyondellbasell Indu-CL A
SHS - A -
329,029304,367-24,66216,13513,1790.51%-2,956
Mastercard Inc - Class A(MA)72,89767,456-5,44141,47038,4441.48%-3,026
Coca-Cola Europacific Partners plc
SHS
1,165,1901,127,175-38,015105,345102,2353.93%-3,110
CARMAX INC(KMX)97,1550-97,1554,3590-4,359
Autodesk Inc100,29591,230-9,06531,86027,0051.04%-4,855
Brookfield Asset Manage-CL A(BN)1,390,7331,962,979+572,24695,44490,2493.47%-5,195
Interactive Brokers GRO-CL A(IBKR)524,853477,442-47,41136,11530,7051.18%-5,410
NVIDIA Corp(NVDA)342,179311,243-30,93663,84758,0472.23%-5,801
Alphabet Inc. - Class A(GOOG)56,31624,692-31,62413,7167,7480.30%-5,967
Franco-Nevada Corp(FNV)306,723288,741-17,98268,28859,9302.31%-8,358
Vipshop Holdings Ltd(VIPS)3,114,7482,942,551-172,19761,17452,0542.00%-9,120
NLIGHT INC(LASR)366,1480-366,14810,8490-10,849
Meta Platforms Inc(META)103,79995,985-7,81476,22663,3572.44%-12,869
Microsoft Corp(MSFT)184,741169,785-14,95695,68682,1113.16%-13,575
Paycom Software Inc(PAYC)222,413205,170-17,24346,29332,6951.26%-13,598
Oracle Corp(ORCL)172,604144,824-27,78048,54128,2281.09%-20,313
CNH Industrial NV
SHS
12,473,05811,917,195-555,863135,333109,8774.23%-25,456
Tencent Music Ent - Class A(TME)2,864,4242,305,413-559,01166,85640,4141.55%-26,442
Fiserv Inc(FISV)477,082477,139+5761,50932,0491.23%-29,460
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