Marathon Asset Management 13F, Q2 2025
Marathon Asset Management · quarter ending 30 June 2025 · filed 14 August 2025 · SEC CIK 1279913
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 3 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q2 2025
Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| GRAFTECH INTL LTD | $19.82M | 47.3% | +6% shares | |
| ADVANCED MICRO DEVICES INC | AMD | $3.55M | 8.5% | unchanged |
| JOHN HANCOCK EXCHANGE TRADED | JHHY | $3.23M | 7.7% | unchanged |
| ISHARES ETHEREUM TR | ETHA | $3.05M | 7.3% | new |
| ALPHABET INC | GOOG | $2.25M | 5.4% | unchanged |
| NIO INC | NIO | $1.72M | 4.1% | unchanged |
| ISHARES BITCOIN TRUST ETF | IBIT | $1.53M | 3.6% | new |
| NEBIUS GROUP N.V. | $1.38M | 3.3% | -50% shares | |
| EXCHANGE TRADED CONCEPTS TRU | NUKZ | $1.13M | 2.7% | -50% shares |
| PAYPAL HLDGS INC | PYPL | $1.11M | 2.7% | new |
| OSCAR HEALTH INC | OSCR | $964.8K | 2.3% | new |
| KORE GROUP HLDGS INC | KORE | $839.8K | 2.0% | unchanged |
| UNITEDHEALTH GROUP INC | UNH | $779.9K | 1.9% | new |
| ALIBABA GROUP HLDG LTD | BABA | $567.0K | 1.4% | new |
What changed since Q1 2025
Against the Q1 2025 filing, Marathon Asset Management opened 6 new positions, added to 1, trimmed 2, left 5 unchanged and exited 2. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001641172-25-024027, filed by MARATHON ASSET MANAGEMENT LP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.