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Livermore
Livermore
ZHEN

Marathon Asset Mgmt Ltd

SEC CIK
0001861026
Latest filing
Aug 14, 2026

The latest 13F from Marathon Asset Mgmt Ltd covers Q2 2026 (filed Aug 14, 2026): 74 long positions worth $2.46B. The top 10 holdings make up 37.6% of the portfolio, and the largest is CNH Industrial N.V. (CNH) at 5.1%. Livermore has 20 filings on Form 13F from this institution, going back to Q3 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$22.6M
Added
9
Est. +$41.9M
Reduced
62
Est. −$488.3M
Sold out
2
Est. −$28.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. CNHCNH Industrial N.V.
    5.1%$126.3MHistory
  2. GOOGLAlphabet Inc.
    4.4%$108.0MHistory
  3. CCEPCoca-Cola Europacific Partners plc
    4.2%$103.8MHistory
  4. AMZNAmazon Com Inc
    4.1%$101.9MHistory
  5. TIGOMillicom International Cellular SA
    3.9%$96.8MHistory

Share of portfolio

Top 5 holdings and the other 69 positions, by share of portfolio value

  1. CNH5.1%
  2. GOOGL4.4%
  3. CCEP4.2%
  4. AMZN4.1%
  5. TIGO3.9%
  6. Other 69 positions78.2%

Biggest buys

New and added positions, by estimated amount bought

  1. GILGildan Activewear Inc.
    +$16.2MAddedHistory
  2. WMGWarner Music Group Corp.
    +$12.3MNewHistory
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +$11.9MAddedHistory
  4. RYNRayonier Inc
    +$10.3MNewHistory
  5. TRUTransUnion
    +$5.20MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. TSMTaiwan Semiconductor Manufacturing Co Ltd
    +0.83 pp0.7% → 1.5%History
  2. GILGildan Activewear Inc.
    +0.63 pp1.6% → 2.2%History
  3. WMGWarner Music Group Corp.
    +0.50 pp0.0% → 0.5%History
  4. VVisa Inc.
    +0.42 pp1.8% → 2.2%History
  5. RYNRayonier Inc
    +0.42 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MUMicron Technology Inc
    −$93.8MReducedHistory
  2. AMZNAmazon Com Inc
    −$29.8MReducedHistory
  3. OPLNOPENLANE, Inc.
    −$25.2MReducedHistory
  4. GOOGLAlphabet Inc.
    −$23.5MReducedHistory
  5. ELVElevance Health, Inc.
    −$18.9MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. CNQCanadian Natural Resources Ltd
    −0.72 pp3.0% → 2.3%History
  2. SEESealed Air Corp
    −0.61 pp0.6% → 0.0%History
  3. FNVFranco Nevada Corp
    −0.60 pp2.7% → 2.1%History
  4. CMECME Group Inc.
    −0.51 pp1.4% → 0.9%History
  5. ALSumisho Air Lease Corp
    −0.50 pp0.5% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.46B
−$145.9M (−5.6%) vs. prior quarter
Positions
74
0 vs. prior quarter
Top 10 concentration
37.6%
Top 10 as share of value
Turnover
2.5%
Q2 2026, one quarter
Average holding period
15.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q3 2021), so positions held before then are understated.

13F filings by quarter

20 quarters, going back to Q3 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $8.24B (Q3 2021)

Q3 2021: $8.24BQ4 2021: $8.07BQ1 2022: $7.37BQ2 2022: $5.99BQ3 2022: $3.36BQ4 2022: $3.71BQ1 2023: $3.58BQ2 2023: $3.56BQ3 2023: $3.22BQ4 2023: $3.56BQ1 2024: $3.75BQ2 2024: $3.19BQ3 2024: $3.62BQ4 2024: $3.58BQ1 2025: $3.27BQ2 2025: $3.12BQ3 2025: $2.72BQ4 2025: $2.60BQ1 2026: $2.61BQ2 2026: $2.46B
Q3 2021Q2 2026
13F filings of Marathon Asset Mgmt Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202674$2.46BCNHGOOGLCCEPvs. Q1 2026SEC
Q1 2026Apr 24, 202674$2.61BCNHAMZNGOOGLvs. Q4 2025SEC
Q4 2025Feb 6, 202677$2.60BAMZNCNHGOOGLvs. Q3 2025SEC
Q3 2025Oct 17, 202578$2.72BCNHAMZNCCEPvs. Q2 2025SEC
Q2 2025Aug 11, 202579$3.12BCNHAMZNMSFTvs. Q1 2025SEC
Q1 2025Apr 24, 202581$3.27BFLUTCNHAMZNvs. Q4 2024SEC
Q4 2024Feb 6, 202581$3.58BFLUTCNHAMZNvs. Q3 2024SEC
Q3 2024Oct 17, 202482$3.62BFLUTCNHAMZNvs. Q2 2024SEC
Q2 2024Aug 14, 202482$3.19BCNHMSFTGOOGLvs. Q1 2024SEC
Q1 2024May 14, 202486$3.75BCNHMSFTMETAvs. Q4 2023SEC
Q4 2023Feb 12, 202487$3.56BCNHMSFTHDBvs. Q3 2023SEC
Q3 2023Nov 6, 202388$3.22BHDBMSFTCNQvs. Q2 2023SEC
Q2 2023Aug 4, 202387$3.56BHDBMSFTCNQvs. Q1 2023SEC
Q1 2023May 3, 202391$3.58BHDBMSFTCNQvs. Q4 2022SEC
Q4 2022Feb 7, 202389$3.71BHDBMSFTCNQvs. Q3 2022SEC
Q3 2022Oct 25, 202288$3.36BHDBBAMMSFTvs. Q2 2022SEC
Q2 2022Aug 1, 202285$5.99BMSFTTMOGOOGLvs. Q1 2022SEC
Q1 2022Apr 21, 202288$7.37BMSFTTMOGOOGLvs. Q4 2021SEC
Q4 2021Jan 28, 202286$8.07BMSFTTMOGOOGLvs. Q3 2021SEC
Q3 2021Nov 5, 202186$8.24BORCLBKNGGOOGL–SEC

13D and 13G filings

Companies where Marathon Asset Mgmt Ltd reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Marathon Asset Mgmt Ltd does not currently report owning 5% or more of any company.

Latest filings

2 filings on file made by Marathon Asset Mgmt Ltd or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Marathon Asset Mgmt Ltd
CompanyFiled (ET)FormStakeChangeEvent dateFiling
UPLDUpland Software, Inc.Feb 8, 202313G/AOld format–––SEC
UPLDUpland Software, Inc.Jan 28, 202213GOld format–New–SEC