MARATHON ASSET MANAGEMENT LTD

PrivateCIK: 1861026

Positions

$2.46B

Total AUM (reported)

43.68M

Total Shares

Allocation by class

COMMON$2.46B100.0%

Portfolio Concentration

Top 3$338.17M13.7%

4–10$586.46M23.8%

11–25$748.06M30.4%

Rest$789.09M32.1%

Top 3 weight

13.7%

Top 10 weight

37.6%

Voting Authority Distribution

Total shares with voting rights: 43.68M

Sole

Full voting authority

27.07M

% of voting shares62.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

16.60M

% of voting shares38.0%

Investment Discretion (by position count)

Sole74

Shared0

Other0

Dominant voting typeSole · 62.0% of voting shares

Institutional Holdings74

Rows:

CNH INDL N V

SOLE

COMMON

Shares11.25M

TypeSH

Market value$126.30M

5.13%

Sole

10.88M

Shared

0.00

None

365.53K

ALPHABET INC

SOLE

COMMON

Shares302.31K

TypeSH

Market value$108.03M

4.39%

Sole

195.75K

Shared

0.00

None

106.56K

COCA-COLA EUROPACIFIC PARTNE

SOLE

COMMON

Shares1.04M

TypeSH

Market value$103.84M

4.22%

Sole

925.91K

Shared

0.00

None

111.73K

AMAZON COM INC

SOLE

COMMON

Shares427.63K

TypeSH

Market value$101.88M

4.14%

Sole

273.38K

Shared

0.00

None

154.25K

MILLICOM INTL CELLULAR S A

SOLE

COMMON

Shares1.07M

TypeSH

Market value$96.82M

3.93%

Sole

850.09K

Shared

0.00

None

216.66K

ELEVANCE HEALTH INC FORMERLY

SOLE

COMMON

Shares219.49K

TypeSH

Market value$84.88M

3.45%

Sole

139.87K

Shared

0.00

None

79.62K

SOUTHERN COPPER CORP

SOLE

COMMON

Shares476.53K

TypeSH

Market value$83.04M

3.37%

Sole

379.51K

Shared

0.00

None

97.02K

BANK NOVA SCOTIA B C

SOLE

COMMON

Shares950.83K

TypeSH

Market value$82.62M

3.36%

Sole

658.98K

Shared

0.00

None

291.85K

BROOKFIELD CORP

SOLE

COMMON

Shares1.71M

TypeSH

Market value$72.73M

2.95%

Sole

1.18M

Shared

0.00

None

523.03K

COPA HOLDINGS SA

SOLE

COMMON

Shares414.47K

TypeSH

Market value$64.48M

2.62%

Sole

378.24K

Shared

0.00

None

36.23K

MICRON TECHNOLOGY INC

SOLE

COMMON

Shares53.55K

TypeSH

Market value$61.80M

2.51%

Sole

30.72K

Shared

0.00

None

22.83K

MICROSOFT CORP

SOLE

COMMON

Shares159.72K

TypeSH

Market value$59.58M

2.42%

Sole

99.15K

Shared

0.00

None

60.57K

CANADIAN NAT RES LTD MED TER

SOLE

COMMON

Shares1.39M

TypeSH

Market value$56.29M

2.29%

Sole

957.19K

Shared

0.00

None

434.41K

NVIDIA CORPORATION

SOLE

COMMON

Shares280.56K

TypeSH

Market value$56.13M

2.28%

Sole

160.99K

Shared

0.00

None

119.57K

GILDAN ACTIVEWEAR INC

SOLE

COMMON

Shares1.06M

TypeSH

Market value$54.47M

2.21%

Sole

732.57K

Shared

0.00

None

324.35K

VISA INC

SOLE

COMMON

Shares157.96K

TypeSH

Market value$54.19M

2.20%

Sole

103.02K

Shared

0.00

None

54.94K

CEMEX SA EURO MTN BE 144A

SOLE

COMMON

Shares4.37M

TypeSH

Market value$52.42M

2.13%

Sole

0.00

Shared

0.00

None

4.37M

FRANCO NEV CORP

SOLE

COMMON

Shares250.99K

TypeSH

Market value$52.35M

2.13%

Sole

173.97K

Shared

0.00

None

77.02K

LAUREATE ED INC

SOLE

COMMON

Shares1.41M

TypeSH

Market value$51.09M

2.08%

Sole

1.13M

Shared

0.00

None

277.74K

META PLATFORMS INC

SOLE

COMMON

Shares85.21K

TypeSH

Market value$47.99M

1.95%

Sole

55.03K

Shared

0.00

None

30.17K

TRANSUNION

SOLE

COMMON

Shares641.35K

TypeSH

Market value$46.27M

1.88%

Sole

409.02K

Shared

0.00

None

232.33K

CANADIAN PACIFIC KANSAS CITY

SOLE

COMMON

Shares459.75K

TypeSH

Market value$39.93M

1.62%

Sole

318.75K

Shared

0.00

None

141K

MARKEL GROUP INC

SOLE

COMMON

Shares20.41K

TypeSH

Market value$39.87M

1.62%

Sole

13.12K

Shared

0.00

None

7.30K

THERMO FISHER SCIENTIFIC INC

SOLE

COMMON

Shares76.17K

TypeSH

Market value$38.22M

1.55%

Sole

48.08K

Shared

0.00

None

28.09K

INTERACTIVE BROKERS GROUP IN

SOLE

COMMON

Shares430.46K

TypeSH

Market value$37.47M

1.52%

Sole

247.05K

Shared

0.00

None

183.41K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
CNH INDL N VSOLE	COMMON	11.25M	SH	$126.30M 5.13%	10.88M	365.53K
ALPHABET INCSOLE	COMMON	302.31K	SH	$108.03M 4.39%	195.75K	106.56K
COCA-COLA EUROPACIFIC PARTNESOLE	COMMON	1.04M	SH	$103.84M 4.22%	925.91K	111.73K
AMAZON COM INCSOLE	COMMON	427.63K	SH	$101.88M 4.14%	273.38K	154.25K
MILLICOM INTL CELLULAR S ASOLE	COMMON	1.07M	SH	$96.82M 3.93%	850.09K	216.66K
ELEVANCE HEALTH INC FORMERLYSOLE	COMMON	219.49K	SH	$84.88M 3.45%	139.87K	79.62K
SOUTHERN COPPER CORPSOLE	COMMON	476.53K	SH	$83.04M 3.37%	379.51K	97.02K
BANK NOVA SCOTIA B CSOLE	COMMON	950.83K	SH	$82.62M 3.36%	658.98K	291.85K
BROOKFIELD CORPSOLE	COMMON	1.71M	SH	$72.73M 2.95%	1.18M	523.03K
COPA HOLDINGS SASOLE	COMMON	414.47K	SH	$64.48M 2.62%	378.24K	36.23K
MICRON TECHNOLOGY INCSOLE	COMMON	53.55K	SH	$61.80M 2.51%	30.72K	22.83K
MICROSOFT CORPSOLE	COMMON	159.72K	SH	$59.58M 2.42%	99.15K	60.57K
CANADIAN NAT RES LTD MED TERSOLE	COMMON	1.39M	SH	$56.29M 2.29%	957.19K	434.41K
NVIDIA CORPORATIONSOLE	COMMON	280.56K	SH	$56.13M 2.28%	160.99K	119.57K
GILDAN ACTIVEWEAR INCSOLE	COMMON	1.06M	SH	$54.47M 2.21%	732.57K	324.35K
VISA INCSOLE	COMMON	157.96K	SH	$54.19M 2.20%	103.02K	54.94K
CEMEX SA EURO MTN BE 144ASOLE	COMMON	4.37M	SH	$52.42M 2.13%	0.00	4.37M
FRANCO NEV CORPSOLE	COMMON	250.99K	SH	$52.35M 2.13%	173.97K	77.02K
LAUREATE ED INCSOLE	COMMON	1.41M	SH	$51.09M 2.08%	1.13M	277.74K
META PLATFORMS INCSOLE	COMMON	85.21K	SH	$47.99M 1.95%	55.03K	30.17K
TRANSUNIONSOLE	COMMON	641.35K	SH	$46.27M 1.88%	409.02K	232.33K
CANADIAN PACIFIC KANSAS CITYSOLE	COMMON	459.75K	SH	$39.93M 1.62%	318.75K	141K
MARKEL GROUP INCSOLE	COMMON	20.41K	SH	$39.87M 1.62%	13.12K	7.30K
THERMO FISHER SCIENTIFIC INCSOLE	COMMON	76.17K	SH	$38.22M 1.55%	48.08K	28.09K
INTERACTIVE BROKERS GROUP INSOLE	COMMON	430.46K	SH	$37.47M 1.52%	247.05K	183.41K

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