MARATHON CAPITAL MANAGEMENT

PrivateCIK: 1213206

Location

HUNT VALLEY, MD

181

Positions

$488.37M

Total AUM (reported)

8.57M

Total Shares

Allocation by class

COM$327.24M67.0%

CL A$25.10M5.1%

ST STR BLO 1 ETF$19.51M4.0%

CAP STK CL C$13.96M2.9%

COM NEW$12.22M2.5%

COM SHS$11.69M2.4%

ORD$10.55M2.2%

Portfolio Concentration

Top 3$94.89M19.4%

4–10$91.53M18.7%

11–25$112.25M23.0%

Rest$189.70M38.8%

Top 3 weight

19.4%

Top 10 weight

38.2%

Voting Authority Distribution

Total shares with voting rights: 8.57M

Sole

Full voting authority

426.62K

% of voting shares5.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

8.15M

% of voting shares95.0%

Investment Discretion (by position count)

Sole181

Shared0

Other0

Dominant voting typeNone · 95.0% of voting shares

Institutional Holdings181

Rows:

PRICE T ROWE GROUP INC

SOLE

COM

Shares579.98K

TypeSH

Market value$60.35M

12.36%

Sole

4.40K

Shared

0.00

None

575.58K

SPDR SERIES TRUST

SOLE

ST STR BLO 1 ETF

Shares212.91K

TypeSH

Market value$19.51M

4.00%

Sole

118.00

Shared

0.00

None

212.79K

ZETA GLOBAL HOLDINGS CORP

SOLE

CL A

Shares476.24K

TypeSH

Market value$15.03M

3.08%

Sole

29.71K

Shared

0.00

None

446.53K

AMAZON COM INC

SOLE

COM

Shares56.52K

TypeSH

Market value$14.08M

2.88%

Sole

5.01K

Shared

0.00

None

51.51K

CORNING INC

SOLE

COM

Shares91.11K

TypeSH

Market value$14.01M

2.87%

Sole

10.16K

Shared

0.00

None

80.95K

ALPHABET INC

SOLE

CAP STK CL C

Shares40.97K

TypeSH

Market value$13.96M

2.86%

Sole

5.09K

Shared

0.00

None

35.88K

APPLE INC

SOLE

COM

Shares41.26K

TypeSH

Market value$13.74M

2.81%

Sole

6.30K

Shared

0.00

None

34.95K

ZSCALER INC

SOLE

COM

Shares65.58K

TypeSH

Market value$13.08M

2.68%

Sole

5.30K

Shared

0.00

None

60.28K

MICROSOFT CORP

SOLE

COM

Shares23.61K

TypeSH

Market value$12.11M

2.48%

Sole

1.84K

Shared

0.00

None

21.77K

ASTRAZENECA PLC

SOLE

ORD

Shares65.36K

TypeSH

Market value$10.55M

2.16%

Sole

6.27K

Shared

0.00

None

59.09K

VANGUARD WHITEHALL FDS

SOLE

INTL HIGH ETF

Shares103.31K

TypeSH

Market value$10.45M

2.14%

Sole

9.87K

Shared

0.00

None

93.44K

METLIFE INC

SOLE

COM

Shares101.10K

TypeSH

Market value$9.52M

1.95%

Sole

9.68K

Shared

0.00

None

91.42K

CHEVRON CORPORATION

SOLE

COM

Shares41.44K

TypeSH

Market value$8.46M

1.73%

Sole

4.51K

Shared

0.00

None

36.93K

ALLISON TRANSMISSION HLDGS I

SOLE

COM

Shares71.79K

TypeSH

Market value$8.13M

1.66%

Sole

6.38K

Shared

0.00

None

65.41K

DIAMONDBACK ENERGY INC

SOLE

COM

Shares44.16K

TypeSH

Market value$8.12M

1.66%

Sole

4.64K

Shared

0.00

None

39.51K

WAYSTAR HLDG CORP

SOLE

COM

Shares313.61K

TypeSH

Market value$7.95M

1.63%

Sole

29.13K

Shared

0.00

None

284.48K

ISHARES TR

SOLE

0-3 MTH TREASURY

Shares71.97K

TypeSH

Market value$7.25M

1.48%

Sole

840.00

Shared

0.00

None

71.14K

INTERNATIONAL BUSINESS MACHS

SOLE

COM

Shares31.97K

TypeSH

Market value$7.03M

1.44%

Sole

2.66K

Shared

0.00

None

29.31K

ALMONTY INDS INC

SOLE

COM NEW

Shares523.71K

TypeSH

Market value$6.89M

1.41%

Sole

17.18K

Shared

0.00

None

506.53K

JPMORGAN CHASE & CO

SOLE

COM

Shares20.79K

TypeSH

Market value$6.88M

1.41%

Sole

2.19K

Shared

0.00

None

18.60K

ARCOSA INC

SOLE

COM

Shares44.23K

TypeSH

Market value$6.46M

1.32%

Sole

590.00

Shared

0.00

None

43.64K

DECKERS OUTDOOR CORP

SOLE

COM

Shares82.58K

TypeSH

Market value$6.45M

1.32%

Sole

7.63K

Shared

0.00

None

74.95K

CECO ENVIRONMENTAL CORP

SOLE

COM

Shares91.81K

TypeSH

Market value$6.39M

1.31%

Sole

2.05K

Shared

0.00

None

89.77K

JOHNSON & JOHNSON

SOLE

COM

Shares24.01K

TypeSH

Market value$6.36M

1.30%

Sole

3.24K

Shared

0.00

None

20.77K

REALTY INCOME CORP

SOLE

COM

Shares108.91K

TypeSH

Market value$5.91M

1.21%

Sole

7.30K

Shared

0.00

None

101.61K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
PRICE T ROWE GROUP INCSOLE	COM	579.98K	SH	$60.35M 12.36%	4.40K	575.58K
SPDR SERIES TRUSTSOLE	ST STR BLO 1 ETF	212.91K	SH	$19.51M 4.00%	118.00	212.79K
ZETA GLOBAL HOLDINGS CORPSOLE	CL A	476.24K	SH	$15.03M 3.08%	29.71K	446.53K
AMAZON COM INCSOLE	COM	56.52K	SH	$14.08M 2.88%	5.01K	51.51K
CORNING INCSOLE	COM	91.11K	SH	$14.01M 2.87%	10.16K	80.95K
ALPHABET INCSOLE	CAP STK CL C	40.97K	SH	$13.96M 2.86%	5.09K	35.88K
APPLE INCSOLE	COM	41.26K	SH	$13.74M 2.81%	6.30K	34.95K
ZSCALER INCSOLE	COM	65.58K	SH	$13.08M 2.68%	5.30K	60.28K
MICROSOFT CORPSOLE	COM	23.61K	SH	$12.11M 2.48%	1.84K	21.77K
ASTRAZENECA PLCSOLE	ORD	65.36K	SH	$10.55M 2.16%	6.27K	59.09K
VANGUARD WHITEHALL FDSSOLE	INTL HIGH ETF	103.31K	SH	$10.45M 2.14%	9.87K	93.44K
METLIFE INCSOLE	COM	101.10K	SH	$9.52M 1.95%	9.68K	91.42K
CHEVRON CORPORATIONSOLE	COM	41.44K	SH	$8.46M 1.73%	4.51K	36.93K
ALLISON TRANSMISSION HLDGS ISOLE	COM	71.79K	SH	$8.13M 1.66%	6.38K	65.41K
DIAMONDBACK ENERGY INCSOLE	COM	44.16K	SH	$8.12M 1.66%	4.64K	39.51K
WAYSTAR HLDG CORPSOLE	COM	313.61K	SH	$7.95M 1.63%	29.13K	284.48K
ISHARES TRSOLE	0-3 MTH TREASURY	71.97K	SH	$7.25M 1.48%	840.00	71.14K
INTERNATIONAL BUSINESS MACHSSOLE	COM	31.97K	SH	$7.03M 1.44%	2.66K	29.31K
ALMONTY INDS INCSOLE	COM NEW	523.71K	SH	$6.89M 1.41%	17.18K	506.53K
JPMORGAN CHASE & COSOLE	COM	20.79K	SH	$6.88M 1.41%	2.19K	18.60K
ARCOSA INCSOLE	COM	44.23K	SH	$6.46M 1.32%	590.00	43.64K
DECKERS OUTDOOR CORPSOLE	COM	82.58K	SH	$6.45M 1.32%	7.63K	74.95K
CECO ENVIRONMENTAL CORPSOLE	COM	91.81K	SH	$6.39M 1.31%	2.05K	89.77K
JOHNSON & JOHNSONSOLE	COM	24.01K	SH	$6.36M 1.30%	3.24K	20.77K
REALTY INCOME CORPSOLE	COM	108.91K	SH	$5.91M 1.21%	7.30K	101.61K

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