Latest Marathon Capital Management Stock Portfolio

Marathon Capital Management Performance:

2025 Q4: 5.37%YTD: 11.95%2024: 5.01%

Performance for 2025 Q4 is 5.37%, and YTD is 11.95%, and 2024 is 5.01%.

About Marathon Capital Management and 13F Hedge Fund Stock Holdings

On 2026-01-29, the fund reported it's updated stock portfolio. In the 13F Holdings report, MARATHON CAPITAL MANAGEMENT reported an equity portfolio of $464.7 Millions as of 31 Dec, 2025.

The top stock holdings of MARATHON CAPITAL MANAGEMENT are TROW, GLW, BIL. The fund has invested 14.4% of it's portfolio in PRICE T ROWE GROUP INC and 3.5% of portfolio in CORNING INC.

The fund managers got completely rid off CIVITAS RESOURCES INC (CIVI), CANADIAN PACIFIC KANSAS CITY (CP) and VANECK ETF TRUST (AFK) stocks. They significantly reduced their stock positions in HILLMAN SOLUTIONS CORP (HLMN), SLB LIMITED (SLB) and ONDAS HLDGS INC (ONDS). MARATHON CAPITAL MANAGEMENT opened new stock positions in ZOETIS INC (ZTS), AMPLITUDE INC (AMPL) and NUSCALE PWR CORP (SMR). The fund showed a lot of confidence in some stocks as they added substantially to LOCKHEED MARTIN CORP (LMT), TXO PARTNERS LP and EOG RES INC (EOG).

Marathon Capital Management Annual Return Estimates Vs S&P 500

Our best estimate is that MARATHON CAPITAL MANAGEMENT made a return of 5.37% in the last quarter. In trailing 12 months, it's portfolio return was 11.95%.

Performance
S&P 500

New Buys

Ticker	$ Bought
zoetis inc	4,422,570
amplitude inc	1,025,990
nuscale pwr corp	708,500
southern co	575,520
medtronic plc	260,707
at&t inc	244,844
ulta beauty inc	230,509
american express co	221,970

New stocks bought by Marathon Capital Management

Additions

Ticker	% Inc.
lockheed martin corp	498
txo partners lp	400
eog res inc	198
dyadic intl inc del	142
almonty inds inc	137
amgen inc	127
spdr s&p 500 etf tr	98.68
dentsply sirona inc	80.02

Additions to existing portfolio by Marathon Capital Management

Reductions

Ticker	% Reduced
hillman solutions corp	-69.83
bank america corp	-66.03
slb limited	-56.41
ondas hldgs inc	-35.91
copa holdings sa	-27.77
weyerhaeuser co mtn be	-27.05
lightpath technologies inc	-25.00
kornit digital ltd	-20.87

Marathon Capital Management reduced stake in above stock

Sold off

Ticker	$ Sold
accuray inc	-167,000
civitas resources inc	-328,250
ishares tr	-212,226
canadian pacific kansas city	-222,278
vaneck etf trust	-206,973

Marathon Capital Management got rid off the above stocks

Sector Distribution

MARATHON CAPITAL MANAGEMENT has about 20.7% of it's holdings in Financial Services sector.

Sector	%
Financial Services	20.7
Technology	20.3
Others	19.9
Healthcare	10.1
Energy	9.7
Industrials	4.7
Communication Services	3.9
Consumer Cyclical	3.8
Real Estate	3.3
Consumer Defensive	1.4
	1.3

Market Cap. Distribution

MARATHON CAPITAL MANAGEMENT has about 62.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	42.7
UNALLOCATED	19.9
MEGA-CAP	19.6
SMALL-CAP	8.9
MID-CAP	8.4

Stocks belong to which Index?

About 73.1% of the stocks held by MARATHON CAPITAL MANAGEMENT either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	60.2
Others	26.9
RUSSELL 2000	12.9

Top 5 Winners (%)		%
MU	micron technology inc	65.4 %
TTI	tetra technologies inc del	61.0 %
SLV	ishares silver tr	51.7 %
ATEC	alphatec hldgs inc	44.5 %
LLY	eli lilly & co	40.6 %

Top 5 Winners ($)		$
TTI	tetra technologies inc del	4.5 M
GOOG	alphabet inc	3.1 M
	astrazeneca plc	2.4 M
ADMA	adma biologics inc	1.7 M
	barrick mng corp	1.4 M

Top 5 Losers (%)		%
HDSN	hudson technologies inc	-29.5 %
RXRX	recursion pharmaceuticals in	-16.0 %
	txo partners lp	-16.0 %
BRFH	barfresh food group inc	-15.8 %
PEAK	healthpeak properties inc	-15.7 %

Top 5 Losers ($)		$
BLDR	builders firstsource inc	-1.1 M
ANIP	ani pharmaceuticals inc	-0.9 M
MSFT	microsoft corp	-0.8 M
PEAK	healthpeak properties inc	-0.8 M
CALX	calix inc	-0.7 M

Marathon Capital Management Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Marathon Capital Management

MARATHON CAPITAL MANAGEMENT has 169 stocks in it's portfolio. About 39% of the portfolio is in top 10 stocks. BLDR proved to be the most loss making stock for the portfolio. TTI was the most profitable stock for MARATHON CAPITAL MANAGEMENT last quarter.

Last Reported on: 29 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	2.86	48,820	13,272,100	reduced	-4.78

ABBV	abbvie inc	0.34	6,957	1,589,600	added	10.8

ABT	abbott labs	0.13	4,705	589,502	reduced	-1.05

ACA	arcosa inc	1.09	47,525	5,052,860	added	0.44

ACM	aecom	0.04	2,155	205,436	new

ACWF	ishares tr	0.00	0.00	0.00	sold off	-100

ADBE	adobe inc	0.98	13,081	4,578,220	added	5.01

ADMA	adma biologics inc	1.83	465,315	8,487,350	reduced	-0.27

AFK	vaneck etf trust	0.35	18,861	1,617,710	reduced	-6.38

AFK	vaneck etf trust	0.00	0.00	0.00	sold off	-100

AGNG	global x fds	0.05	3,049	218,888	new

AIRG	airgain inc	0.01	11,000	44,660	unchanged	0.00

ALL	allstate corp	0.18	3,923	816,572	reduced	-0.63

ALSN	allison transmission hldgs i	1.57	74,458	7,289,430	reduced	-1.02

AMD	advanced micro devices inc	0.24	5,149	1,102,710	unchanged	0.00

AMGN	amgen inc	0.18	2,592	848,246	added	127

AMP	ameriprise finl inc	0.05	435	213,298	unchanged	0.00

AMPL	amplitude inc	0.22	88,600	1,025,990	new

AMZN	amazon com inc	1.50	30,257	6,983,920	reduced	-0.04

ANIP	ani pharmaceuticals inc	1.18	69,665	5,499,360	reduced	-0.06