MARATHON ASSET MANAGEMENT LTD

PrivateCIK: 1861026

Positions

$2.61B

Total AUM (reported)

47.41M

Total Shares

Allocation by class

COMMON$2.61B100.0%

Portfolio Concentration

Top 3$349.42M13.4%

4–10$580.56M22.3%

11–25$772.99M29.6%

Rest$904.69M34.7%

Top 3 weight

13.4%

Top 10 weight

35.7%

Voting Authority Distribution

Total shares with voting rights: 47.41M

Sole

Full voting authority

30.31M

% of voting shares63.9%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

17.10M

% of voting shares36.1%

Investment Discretion (by position count)

Sole74

Shared0

Other0

Dominant voting typeSole · 63.9% of voting shares

Institutional Holdings74

Rows:

CNH INDL N V

SOLE

COMMON

Shares11.66M

TypeSH

Market value$128.31M

4.92%

Sole

11.30M

Shared

0.00

None

365.53K

AMAZON COM INC

SOLE

COMMON

Shares552.80K

TypeSH

Market value$115.28M

4.42%

Sole

398.66K

Shared

0.00

None

154.14K

ALPHABET INC

SOLE

COMMON

Shares368.04K

TypeSH

Market value$105.83M

4.06%

Sole

268.87K

Shared

0.00

None

99.17K

COCA-COLA EUROPACIFIC PARTNE

SOLE

COMMON

Shares1.11M

TypeSH

Market value$100.62M

3.86%

Sole

959.88K

Shared

0.00

None

149.86K

SOUTHERN COPPER CORP

SOLE

COMMON

Shares498.63K

TypeSH

Market value$85.79M

3.29%

Sole

390.25K

Shared

0.00

None

108.38K

MILLICOM INTL CELLULAR S A

SOLE

COMMON

Shares1.11M

TypeSH

Market value$82.98M

3.18%

Sole

867.19K

Shared

0.00

None

240.07K

BROOKFIELD CORP

SOLE

COMMON

Shares1.96M

TypeSH

Market value$79.00M

3.03%

Sole

1.23M

Shared

0.00

None

726.01K

ELEVANCE HEALTH INC FORMERLY

SOLE

COMMON

Shares268.39K

TypeSH

Market value$78.57M

3.01%

Sole

194.28K

Shared

0.00

None

74.11K

CANADIAN NAT RES LTD MED TER

SOLE

COMMON

Shares1.60M

TypeSH

Market value$78.28M

3.00%

Sole

992.76K

Shared

0.00

None

602.89K

BANK NOVA SCOTIA B C

SOLE

COMMON

Shares1.09M

TypeSH

Market value$75.32M

2.89%

Sole

684.27K

Shared

0.00

None

405.12K

MICROSOFT CORP

SOLE

COMMON

Shares196.99K

TypeSH

Market value$72.92M

2.80%

Sole

140.62K

Shared

0.00

None

56.37K

FRANCO NEV CORP

SOLE

COMMON

Shares287.70K

TypeSH

Market value$70.99M

2.72%

Sole

180.81K

Shared

0.00

None

106.89K

NVIDIA CORPORATION

SOLE

COMMON

Shares357.45K

TypeSH

Market value$62.34M

2.39%

Sole

246.16K

Shared

0.00

None

111.29K

META PLATFORMS INC

SOLE

COMMON

Shares103.75K

TypeSH

Market value$59.35M

2.28%

Sole

75.66K

Shared

0.00

None

28.08K

CEMEX SA EURO MTN BE 144A

SOLE

COMMON

Shares4.62M

TypeSH

Market value$52.90M

2.03%

Sole

0.00

Shared

0.00

None

4.62M

LAUREATE ED INC

SOLE

COMMON

Shares1.50M

TypeSH

Market value$52.13M

2.00%

Sole

1.18M

Shared

0.00

None

315.16K

COPA HOLDINGS SA

SOLE

COMMON

Shares424.16K

TypeSH

Market value$48.19M

1.85%

Sole

375.79K

Shared

0.00

None

48.37K

MARKEL GROUP INC

SOLE

COMMON

Shares24.90K

TypeSH

Market value$47.66M

1.83%

Sole

18.11K

Shared

0.00

None

6.79K

VISA INC

SOLE

COMMON

Shares153.31K

TypeSH

Market value$46.34M

1.78%

Sole

112.01K

Shared

0.00

None

41.30K

VIPSHOP HLDGS LTD

SOLE

COMMON

Shares2.93M

TypeSH

Market value$45.99M

1.76%

Sole

0.00

Shared

0.00

None

2.93M

THERMO FISHER SCIENTIFIC INC

SOLE

COMMON

Shares93.42K

TypeSH

Market value$45.96M

1.76%

Sole

67.28K

Shared

0.00

None

26.14K

MICRON TECHNOLOGY INC

SOLE

COMMON

Shares134.82K

TypeSH

Market value$45.56M

1.75%

Sole

92.45K

Shared

0.00

None

42.36K

CANADIAN PACIFIC KANSAS CITY

SOLE

COMMON

Shares527.02K

TypeSH

Market value$41.42M

1.59%

Sole

331.30K

Shared

0.00

None

195.72K

GILDAN ACTIVEWEAR INC

SOLE

COMMON

Shares742.13K

TypeSH

Market value$41.37M

1.59%

Sole

466.42K

Shared

0.00

None

275.71K

ORACLE CORP

SOLE

COMMON

Shares271K

TypeSH

Market value$39.87M

1.53%

Sole

195.83K

Shared

0.00

None

75.17K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
CNH INDL N VSOLE	COMMON	11.66M	SH	$128.31M 4.92%	11.30M	365.53K
AMAZON COM INCSOLE	COMMON	552.80K	SH	$115.28M 4.42%	398.66K	154.14K
ALPHABET INCSOLE	COMMON	368.04K	SH	$105.83M 4.06%	268.87K	99.17K
COCA-COLA EUROPACIFIC PARTNESOLE	COMMON	1.11M	SH	$100.62M 3.86%	959.88K	149.86K
SOUTHERN COPPER CORPSOLE	COMMON	498.63K	SH	$85.79M 3.29%	390.25K	108.38K
MILLICOM INTL CELLULAR S ASOLE	COMMON	1.11M	SH	$82.98M 3.18%	867.19K	240.07K
BROOKFIELD CORPSOLE	COMMON	1.96M	SH	$79.00M 3.03%	1.23M	726.01K
ELEVANCE HEALTH INC FORMERLYSOLE	COMMON	268.39K	SH	$78.57M 3.01%	194.28K	74.11K
CANADIAN NAT RES LTD MED TERSOLE	COMMON	1.60M	SH	$78.28M 3.00%	992.76K	602.89K
BANK NOVA SCOTIA B CSOLE	COMMON	1.09M	SH	$75.32M 2.89%	684.27K	405.12K
MICROSOFT CORPSOLE	COMMON	196.99K	SH	$72.92M 2.80%	140.62K	56.37K
FRANCO NEV CORPSOLE	COMMON	287.70K	SH	$70.99M 2.72%	180.81K	106.89K
NVIDIA CORPORATIONSOLE	COMMON	357.45K	SH	$62.34M 2.39%	246.16K	111.29K
META PLATFORMS INCSOLE	COMMON	103.75K	SH	$59.35M 2.28%	75.66K	28.08K
CEMEX SA EURO MTN BE 144ASOLE	COMMON	4.62M	SH	$52.90M 2.03%	0.00	4.62M
LAUREATE ED INCSOLE	COMMON	1.50M	SH	$52.13M 2.00%	1.18M	315.16K
COPA HOLDINGS SASOLE	COMMON	424.16K	SH	$48.19M 1.85%	375.79K	48.37K
MARKEL GROUP INCSOLE	COMMON	24.90K	SH	$47.66M 1.83%	18.11K	6.79K
VISA INCSOLE	COMMON	153.31K	SH	$46.34M 1.78%	112.01K	41.30K
VIPSHOP HLDGS LTDSOLE	COMMON	2.93M	SH	$45.99M 1.76%	0.00	2.93M
THERMO FISHER SCIENTIFIC INCSOLE	COMMON	93.42K	SH	$45.96M 1.76%	67.28K	26.14K
MICRON TECHNOLOGY INCSOLE	COMMON	134.82K	SH	$45.56M 1.75%	92.45K	42.36K
CANADIAN PACIFIC KANSAS CITYSOLE	COMMON	527.02K	SH	$41.42M 1.59%	331.30K	195.72K
GILDAN ACTIVEWEAR INCSOLE	COMMON	742.13K	SH	$41.37M 1.59%	466.42K	275.71K
ORACLE CORPSOLE	COMMON	271K	SH	$39.87M 1.53%	195.83K	75.17K

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