MARATHON CAPITAL MANAGEMENT

PrivateCIK: 1213206

Location

HUNT VALLEY, MD

187

Positions

$493.93M

Total AUM (reported)

8.41M

Total Shares

Allocation by class

COM$341.90M69.2%

ST STR BLO 1 ETF$19.31M3.9%

CL A$15.78M3.2%

CAP STK CL C$14.61M3.0%

COM NEW$14.03M2.8%

ORD$12.28M2.5%

COM SHS$10.89M2.2%

Portfolio Concentration

Top 3$109.04M22.1%

4–10$83.27M16.9%

11–25$112.85M22.8%

Rest$188.77M38.2%

Top 3 weight

22.1%

Top 10 weight

38.9%

Voting Authority Distribution

Total shares with voting rights: 8.41M

Sole

Full voting authority

407.51K

% of voting shares4.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

% of voting shares95.2%

Investment Discretion (by position count)

Sole187

Shared0

Other0

Dominant voting typeNone · 95.2% of voting shares

Institutional Holdings187

Rows:

PRICE T ROWE GROUP INC

SOLE

COM

Shares580.33K

TypeSH

Market value$65.98M

13.36%

Sole

4.65K

Shared

0.00

None

575.67K

CORNING INC

SOLE

COM

Shares92.96K

TypeSH

Market value$23.75M

4.81%

Sole

10.30K

Shared

0.00

None

82.66K

SPDR SERIES TRUST

SOLE

ST STR BLO 1 ETF

Shares210.77K

TypeSH

Market value$19.31M

3.91%

Sole

118.00

Shared

0.00

None

210.65K

ALPHABET INC

SOLE

CAP STK CL C

Shares41.36K

TypeSH

Market value$14.61M

2.96%

Sole

4.94K

Shared

0.00

None

36.41K

AMAZON COM INC

SOLE

COM

Shares56.65K

TypeSH

Market value$13.50M

2.73%

Sole

4.56K

Shared

0.00

None

52.10K

APPLE INC

SOLE

COM

Shares42.66K

TypeSH

Market value$12.34M

2.50%

Sole

6.42K

Shared

0.00

None

36.24K

ASTRAZENECA PLC

SOLE

ORD

Shares64.78K

TypeSH

Market value$12.28M

2.49%

Sole

6.25K

Shared

0.00

None

58.53K

TETRA TECHNOLOGIES INC DEL

SOLE

COM

Shares962.17K

TypeSH

Market value$10.90M

2.21%

Sole

17.02K

Shared

0.00

None

945.15K

VANGUARD WHITEHALL FDS

SOLE

INTL HIGH ETF

Shares104.75K

TypeSH

Market value$10.29M

2.08%

Sole

10.21K

Shared

0.00

None

94.55K

ZSCALER INC

SOLE

COM

Shares66.17K

TypeSH

Market value$9.34M

1.89%

Sole

5.35K

Shared

0.00

None

60.82K

MICROSOFT CORP

SOLE

COM

Shares23.88K

TypeSH

Market value$8.91M

1.80%

Sole

1.71K

Shared

0.00

None

22.17K

INTERNATIONAL BUSINESS MACHS

SOLE

COM

Shares31.15K

TypeSH

Market value$8.76M

1.77%

Sole

2.76K

Shared

0.00

None

28.39K

METLIFE INC

SOLE

COM

Shares102.40K

TypeSH

Market value$8.66M

1.75%

Sole

9.68K

Shared

0.00

None

92.72K

CECO ENVIRONMENTAL CORP

SOLE

COM

Shares95.43K

TypeSH

Market value$8.66M

1.75%

Sole

1.95K

Shared

0.00

None

93.48K

ALMONTY INDS INC

SOLE

COM NEW

Shares522.15K

TypeSH

Market value$8.65M

1.75%

Sole

14.57K

Shared

0.00

None

507.58K

ALLISON TRANSMISSION HLDGS I

SOLE

COM

Shares72.29K

TypeSH

Market value$8.15M

1.65%

Sole

6.38K

Shared

0.00

None

65.91K

DIAMONDBACK ENERGY INC

SOLE

COM

Shares44.17K

TypeSH

Market value$7.76M

1.57%

Sole

4.67K

Shared

0.00

None

39.50K

JPMORGAN CHASE & CO

SOLE

COM

Shares21.17K

TypeSH

Market value$6.93M

1.40%

Sole

2.19K

Shared

0.00

None

18.98K

CHEVRON CORPORATION

SOLE

COM

Shares41.76K

TypeSH

Market value$6.92M

1.40%

Sole

4.51K

Shared

0.00

None

37.25K

REALTY INCOME CORP

SOLE

COM

Shares111.53K

TypeSH

Market value$6.91M

1.40%

Sole

7.23K

Shared

0.00

None

104.30K

BUILDERS FIRSTSOURCE INC

SOLE

COM

Shares74.28K

TypeSH

Market value$6.65M

1.35%

Sole

5.87K

Shared

0.00

None

68.41K

ARCOSA INC

SOLE

COM

Shares45.17K

TypeSH

Market value$6.56M

1.33%

Sole

590.00

Shared

0.00

None

44.58K

FIDELITY NATL INFORMATION SV

SOLE

COM

Shares166.62K

TypeSH

Market value$6.48M

1.31%

Sole

12.86K

Shared

0.00

None

153.76K

WAYSTAR HLDG CORP

SOLE

COM

Shares315.26K

TypeSH

Market value$6.47M

1.31%

Sole

27.88K

Shared

0.00

None

287.38K

JOHNSON & JOHNSON

SOLE

COM

Shares25.12K

TypeSH

Market value$6.38M

1.29%

Sole

3.27K

Shared

0.00

None

21.85K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
PRICE T ROWE GROUP INCSOLE	COM	580.33K	SH	$65.98M 13.36%	4.65K	575.67K
CORNING INCSOLE	COM	92.96K	SH	$23.75M 4.81%	10.30K	82.66K
SPDR SERIES TRUSTSOLE	ST STR BLO 1 ETF	210.77K	SH	$19.31M 3.91%	118.00	210.65K
ALPHABET INCSOLE	CAP STK CL C	41.36K	SH	$14.61M 2.96%	4.94K	36.41K
AMAZON COM INCSOLE	COM	56.65K	SH	$13.50M 2.73%	4.56K	52.10K
APPLE INCSOLE	COM	42.66K	SH	$12.34M 2.50%	6.42K	36.24K
ASTRAZENECA PLCSOLE	ORD	64.78K	SH	$12.28M 2.49%	6.25K	58.53K
TETRA TECHNOLOGIES INC DELSOLE	COM	962.17K	SH	$10.90M 2.21%	17.02K	945.15K
VANGUARD WHITEHALL FDSSOLE	INTL HIGH ETF	104.75K	SH	$10.29M 2.08%	10.21K	94.55K
ZSCALER INCSOLE	COM	66.17K	SH	$9.34M 1.89%	5.35K	60.82K
MICROSOFT CORPSOLE	COM	23.88K	SH	$8.91M 1.80%	1.71K	22.17K
INTERNATIONAL BUSINESS MACHSSOLE	COM	31.15K	SH	$8.76M 1.77%	2.76K	28.39K
METLIFE INCSOLE	COM	102.40K	SH	$8.66M 1.75%	9.68K	92.72K
CECO ENVIRONMENTAL CORPSOLE	COM	95.43K	SH	$8.66M 1.75%	1.95K	93.48K
ALMONTY INDS INCSOLE	COM NEW	522.15K	SH	$8.65M 1.75%	14.57K	507.58K
ALLISON TRANSMISSION HLDGS ISOLE	COM	72.29K	SH	$8.15M 1.65%	6.38K	65.91K
DIAMONDBACK ENERGY INCSOLE	COM	44.17K	SH	$7.76M 1.57%	4.67K	39.50K
JPMORGAN CHASE & COSOLE	COM	21.17K	SH	$6.93M 1.40%	2.19K	18.98K
CHEVRON CORPORATIONSOLE	COM	41.76K	SH	$6.92M 1.40%	4.51K	37.25K
REALTY INCOME CORPSOLE	COM	111.53K	SH	$6.91M 1.40%	7.23K	104.30K
BUILDERS FIRSTSOURCE INCSOLE	COM	74.28K	SH	$6.65M 1.35%	5.87K	68.41K
ARCOSA INCSOLE	COM	45.17K	SH	$6.56M 1.33%	590.00	44.58K
FIDELITY NATL INFORMATION SVSOLE	COM	166.62K	SH	$6.48M 1.31%	12.86K	153.76K
WAYSTAR HLDG CORPSOLE	COM	315.26K	SH	$6.47M 1.31%	27.88K	287.38K
JOHNSON & JOHNSONSOLE	COM	25.12K	SH	$6.38M 1.29%	3.27K	21.85K

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