MARATHON ASSET MANAGEMENT LTD

Filed: 8/11/2025ACC: 0001861026-25-000012

📋 What this filing means

MARATHON ASSET MANAGEMENT LTD filed this quarterly 13F‑HR report disclosing 79 equity positions with a total reported market value of $3.12B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$3.12B

Total AUM (reported)

56.92M

Total Shares

Allocation by class

COMMON$3.12B100.0%

Portfolio Concentration

Top 3$419.29M13.4%

4–10$655.54M21.0%

11–25$890.03M28.5%

Rest$1.15B37.0%

Top 3 weight

13.4%

Top 10 weight

34.5%

Voting Authority Distribution

Total shares with voting rights: 56.92M

Sole

Full voting authority

39.14M

% of voting shares68.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

17.78M

% of voting shares31.2%

Investment Discretion (by position count)

Sole79

Shared0

Other0

Dominant voting typeSole · 68.8% of voting shares

Institutional Holdings79

Rows:

CNH INDL N V

SOLE

COMMON

Shares13.05M

TypeSH

Market value$169.15M

5.43%

Sole

12.71M

Shared

0.00

None

342.47K

AMAZON COM INC

SOLE

COMMON

Shares618.95K

TypeSH

Market value$135.84M

4.36%

Sole

598.39K

Shared

0.00

None

20.56K

MICROSOFT CORP

SOLE

COMMON

Shares229.80K

TypeSH

Market value$114.30M

3.67%

Sole

221.98K

Shared

0.00

None

7.82K

COCA-COLA EUROPACIFIC PARTNE

SOLE

COMMON

Shares1.18M

TypeSH

Market value$109.42M

3.51%

Sole

1.02M

Shared

0.00

None

163.40K

ELEVANCE HEALTH INC

SOLE

COMMON

Shares263.54K

TypeSH

Market value$102.50M

3.29%

Sole

254.99K

Shared

0.00

None

8.55K

META PLATFORMS INC

SOLE

COMMON

Shares135.92K

TypeSH

Market value$100.32M

3.22%

Sole

131.50K

Shared

0.00

None

4.41K

BROOKFIELD CORP

SOLE

COMMON

Shares1.47M

TypeSH

Market value$91.04M

2.92%

Sole

971.64K

Shared

0.00

None

502.22K

ALPHABET INC

SOLE

COMMON

Shares513.83K

TypeSH

Market value$90.55M

2.90%

Sole

498.36K

Shared

0.00

None

15.48K

FISERV INC

SOLE

COMMON

Shares523.41K

TypeSH

Market value$90.24M

2.89%

Sole

506.48K

Shared

0.00

None

16.94K

SOUTHERN COPPER CORP

SOLE

COMMON

Shares706.40K

TypeSH

Market value$71.47M

2.29%

Sole

564.35K

Shared

0.00

None

142.05K

ORACLE CORP

SOLE

COMMON

Shares315.06K

TypeSH

Market value$68.88M

2.21%

Sole

304.44K

Shared

0.00

None

10.62K

BANK NOVA SCOTIA HALIFAX

SOLE

COMMON

Shares1.23M

TypeSH

Market value$67.96M

2.18%

Sole

810.29K

Shared

0.00

None

420.90K

NVIDIA CORPORATION

SOLE

COMMON

Shares422.52K

TypeSH

Market value$66.75M

2.14%

Sole

406.80K

Shared

0.00

None

15.72K

TRANSUNION

SOLE

COMMON

Shares745.63K

TypeSH

Market value$65.61M

2.10%

Sole

721.54K

Shared

0.00

None

24.09K

MARKEL GROUP INC

SOLE

COMMON

Shares32.63K

TypeSH

Market value$65.17M

2.09%

Sole

31.57K

Shared

0.00

None

1.07K

VISA INC

SOLE

COMMON

Shares182.67K

TypeSH

Market value$64.85M

2.08%

Sole

176.77K

Shared

0.00

None

5.90K

PAYCOM SOFTWARE INC

SOLE

COMMON

Shares268.29K

TypeSH

Market value$62.08M

1.99%

Sole

259.37K

Shared

0.00

None

8.92K

TENCENT MUSIC ENTMT GROUP

SOLE

COMMON

Shares3.04M

TypeSH

Market value$59.24M

1.90%

Sole

0.00

Shared

0.00

None

3.04M

CANADIAN NAT RES LTD

SOLE

COMMON

Shares1.79M

TypeSH

Market value$56.92M

1.83%

Sole

1.16M

Shared

0.00

None

625.63K

VIPSHOP HLDGS LTD

SOLE

COMMON

Shares3.72M

TypeSH

Market value$55.99M

1.80%

Sole

0.00

Shared

0.00

None

3.72M

MASTERCARD INCORPORATED

SOLE

COMMON

Shares95.23K

TypeSH

Market value$53.67M

1.72%

Sole

92.16K

Shared

0.00

None

3.07K

FRANCO NEV CORP

SOLE

COMMON

Shares324.92K

TypeSH

Market value$53.23M

1.71%

Sole

214.02K

Shared

0.00

None

110.90K

MICRON TECHNOLOGY INC

SOLE

COMMON

Shares426.55K

TypeSH

Market value$52.57M

1.69%

Sole

410.64K

Shared

0.00

None

15.91K

THERMO FISHER SCIENTIFIC INC

SOLE

COMMON

Shares122.72K

TypeSH

Market value$49.78M

1.60%

Sole

118.61K

Shared

0.00

None

4.11K

CANADIAN PACIFIC KANSAS CITY

SOLE

COMMON

Shares595.34K

TypeSH

Market value$47.30M

1.52%

Sole

392.26K

Shared

0.00

None

203.09K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
CNH INDL N VSOLE	COMMON	13.05M	SH	$169.15M 5.43%	12.71M	342.47K
AMAZON COM INCSOLE	COMMON	618.95K	SH	$135.84M 4.36%	598.39K	20.56K
MICROSOFT CORPSOLE	COMMON	229.80K	SH	$114.30M 3.67%	221.98K	7.82K
COCA-COLA EUROPACIFIC PARTNESOLE	COMMON	1.18M	SH	$109.42M 3.51%	1.02M	163.40K
ELEVANCE HEALTH INCSOLE	COMMON	263.54K	SH	$102.50M 3.29%	254.99K	8.55K
META PLATFORMS INCSOLE	COMMON	135.92K	SH	$100.32M 3.22%	131.50K	4.41K
BROOKFIELD CORPSOLE	COMMON	1.47M	SH	$91.04M 2.92%	971.64K	502.22K
ALPHABET INCSOLE	COMMON	513.83K	SH	$90.55M 2.90%	498.36K	15.48K
FISERV INCSOLE	COMMON	523.41K	SH	$90.24M 2.89%	506.48K	16.94K
SOUTHERN COPPER CORPSOLE	COMMON	706.40K	SH	$71.47M 2.29%	564.35K	142.05K
ORACLE CORPSOLE	COMMON	315.06K	SH	$68.88M 2.21%	304.44K	10.62K
BANK NOVA SCOTIA HALIFAXSOLE	COMMON	1.23M	SH	$67.96M 2.18%	810.29K	420.90K
NVIDIA CORPORATIONSOLE	COMMON	422.52K	SH	$66.75M 2.14%	406.80K	15.72K
TRANSUNIONSOLE	COMMON	745.63K	SH	$65.61M 2.10%	721.54K	24.09K
MARKEL GROUP INCSOLE	COMMON	32.63K	SH	$65.17M 2.09%	31.57K	1.07K
VISA INCSOLE	COMMON	182.67K	SH	$64.85M 2.08%	176.77K	5.90K
PAYCOM SOFTWARE INCSOLE	COMMON	268.29K	SH	$62.08M 1.99%	259.37K	8.92K
TENCENT MUSIC ENTMT GROUPSOLE	COMMON	3.04M	SH	$59.24M 1.90%	0.00	3.04M
CANADIAN NAT RES LTDSOLE	COMMON	1.79M	SH	$56.92M 1.83%	1.16M	625.63K
VIPSHOP HLDGS LTDSOLE	COMMON	3.72M	SH	$55.99M 1.80%	0.00	3.72M
MASTERCARD INCORPORATEDSOLE	COMMON	95.23K	SH	$53.67M 1.72%	92.16K	3.07K
FRANCO NEV CORPSOLE	COMMON	324.92K	SH	$53.23M 1.71%	214.02K	110.90K
MICRON TECHNOLOGY INCSOLE	COMMON	426.55K	SH	$52.57M 1.69%	410.64K	15.91K
THERMO FISHER SCIENTIFIC INCSOLE	COMMON	122.72K	SH	$49.78M 1.60%	118.61K	4.11K
CANADIAN PACIFIC KANSAS CITYSOLE	COMMON	595.34K	SH	$47.30M 1.52%	392.26K	203.09K

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