MARATHON CAPITAL MANAGEMENT

PrivateCIK: 1213206

Location

HUNT VALLEY, MD

171

Positions

$445.24M

Total AUM (reported)

8.67M

Total Shares

Allocation by class

COM$307.21M69.0%

STATE STREET SPD$17.91M4.0%

COM NEW$13.19M3.0%

ORD$12.85M2.9%

CL A$12.45M2.8%

CAP STK CL C$12.11M2.7%

COM SHS$10.61M2.4%

Portfolio Concentration

Top 3$89.77M20.2%

4–10$78.51M17.6%

11–25$108.54M24.4%

Rest$168.42M37.8%

Top 3 weight

20.2%

Top 10 weight

37.8%

Voting Authority Distribution

Total shares with voting rights: 8.67M

Sole

Full voting authority

437.43K

% of voting shares5.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

8.23M

% of voting shares95.0%

Investment Discretion (by position count)

Sole171

Shared0

Other0

Dominant voting typeNone · 95.0% of voting shares

Institutional Holdings171

Rows:

PRICE T ROWE GROUP INC

SOLE

COM

Shares638.52K

TypeSH

Market value$57.56M

12.93%

Sole

5.25K

Shared

0.00

None

633.27K

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares195.45K

TypeSH

Market value$17.91M

4.02%

Sole

0.00

Shared

0.00

None

195.45K

CORNING INC

SOLE

COM

Shares105.19K

TypeSH

Market value$14.30M

3.21%

Sole

11.23K

Shared

0.00

None

93.96K

ASTRAZENECA PLC

SOLE

ORD

Shares65.17K

TypeSH

Market value$12.85M

2.89%

Sole

6.50K

Shared

0.00

None

58.67K

APPLE INC

SOLE

COM

Shares48.99K

TypeSH

Market value$12.43M

2.79%

Sole

10.32K

Shared

0.00

None

38.67K

ALPHABET INC

SOLE

CAP STK CL C

Shares42.20K

TypeSH

Market value$12.11M

2.72%

Sole

5.26K

Shared

0.00

None

36.95K

AMAZON COM INC

SOLE

COM

Shares55.72K

TypeSH

Market value$11.61M

2.61%

Sole

5.07K

Shared

0.00

None

50.65K

CHEVRON CORPORATION

SOLE

COM

Shares49.30K

TypeSH

Market value$10.20M

2.29%

Sole

5.58K

Shared

0.00

None

43.72K

VANGUARD WHITEHALL FDS

SOLE

INTL HIGH ETF

Shares104.30K

TypeSH

Market value$9.83M

2.21%

Sole

10.02K

Shared

0.00

None

94.28K

DIAMONDBACK ENERGY INC

SOLE

COM

Shares47.95K

TypeSH

Market value$9.48M

2.13%

Sole

5.28K

Shared

0.00

None

42.67K

ZSCALER INC

SOLE

COM

Shares66.34K

TypeSH

Market value$9.31M

2.09%

Sole

5.28K

Shared

0.00

None

61.06K

ALLISON TRANSMISSION HLDGS I

SOLE

COM

Shares72.23K

TypeSH

Market value$8.46M

1.90%

Sole

6.31K

Shared

0.00

None

65.92K

MICROSOFT CORP

SOLE

COM

Shares22.71K

TypeSH

Market value$8.41M

1.89%

Sole

1.96K

Shared

0.00

None

20.75K

TETRA TECHNOLOGIES INC DEL

SOLE

COM

Shares979.01K

TypeSH

Market value$8.34M

1.87%

Sole

17.02K

Shared

0.00

None

961.99K

QUALCOMM INC

SOLE

COM

Shares60.18K

TypeSH

Market value$7.75M

1.74%

Sole

4.86K

Shared

0.00

None

55.33K

ALMONTY INDS INC

SOLE

COM NEW

Shares529.15K

TypeSH

Market value$7.66M

1.72%

Sole

14.57K

Shared

0.00

None

514.59K

INTERNATIONAL BUSINESS MACHS

SOLE

COM

Shares30.95K

TypeSH

Market value$7.50M

1.68%

Sole

2.71K

Shared

0.00

None

28.24K

FIDELITY NATL INFORMATION SV

SOLE

COM

Shares155.88K

TypeSH

Market value$7.31M

1.64%

Sole

13.53K

Shared

0.00

None

142.35K

METLIFE INC

SOLE

COM

Shares102.91K

TypeSH

Market value$7.28M

1.63%

Sole

9.51K

Shared

0.00

None

93.40K

REALTY INCOME CORP

SOLE

COM

Shares112.35K

TypeSH

Market value$6.87M

1.54%

Sole

8.13K

Shared

0.00

None

104.22K

JPMORGAN CHASE & CO

SOLE

COM

Shares21.11K

TypeSH

Market value$6.21M

1.39%

Sole

2.28K

Shared

0.00

None

18.83K

JOHNSON & JOHNSON

SOLE

COM

Shares25.29K

TypeSH

Market value$6.18M

1.39%

Sole

3.32K

Shared

0.00

None

21.97K

CECO ENVIRONMENTAL CORP

SOLE

COM

Shares98.33K

TypeSH

Market value$5.86M

1.32%

Sole

1.95K

Shared

0.00

None

96.38K

SPROTT ASSET MANAGEMENT LP

SOLE

PHYSICAL GOLD AN

Shares120.38K

TypeSH

Market value$5.74M

1.29%

Sole

6.63K

Shared

0.00

None

113.75K

ADMA BIOLOGICS INC

SOLE

COM

Shares627.39K

TypeSH

Market value$5.65M

1.27%

Sole

49.53K

Shared

0.00

None

577.85K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
PRICE T ROWE GROUP INCSOLE	COM	638.52K	SH	$57.56M 12.93%	5.25K	633.27K
SPDR SERIES TRUSTSOLE	STATE STREET SPD	195.45K	SH	$17.91M 4.02%	0.00	195.45K
CORNING INCSOLE	COM	105.19K	SH	$14.30M 3.21%	11.23K	93.96K
ASTRAZENECA PLCSOLE	ORD	65.17K	SH	$12.85M 2.89%	6.50K	58.67K
APPLE INCSOLE	COM	48.99K	SH	$12.43M 2.79%	10.32K	38.67K
ALPHABET INCSOLE	CAP STK CL C	42.20K	SH	$12.11M 2.72%	5.26K	36.95K
AMAZON COM INCSOLE	COM	55.72K	SH	$11.61M 2.61%	5.07K	50.65K
CHEVRON CORPORATIONSOLE	COM	49.30K	SH	$10.20M 2.29%	5.58K	43.72K
VANGUARD WHITEHALL FDSSOLE	INTL HIGH ETF	104.30K	SH	$9.83M 2.21%	10.02K	94.28K
DIAMONDBACK ENERGY INCSOLE	COM	47.95K	SH	$9.48M 2.13%	5.28K	42.67K
ZSCALER INCSOLE	COM	66.34K	SH	$9.31M 2.09%	5.28K	61.06K
ALLISON TRANSMISSION HLDGS ISOLE	COM	72.23K	SH	$8.46M 1.90%	6.31K	65.92K
MICROSOFT CORPSOLE	COM	22.71K	SH	$8.41M 1.89%	1.96K	20.75K
TETRA TECHNOLOGIES INC DELSOLE	COM	979.01K	SH	$8.34M 1.87%	17.02K	961.99K
QUALCOMM INCSOLE	COM	60.18K	SH	$7.75M 1.74%	4.86K	55.33K
ALMONTY INDS INCSOLE	COM NEW	529.15K	SH	$7.66M 1.72%	14.57K	514.59K
INTERNATIONAL BUSINESS MACHSSOLE	COM	30.95K	SH	$7.50M 1.68%	2.71K	28.24K
FIDELITY NATL INFORMATION SVSOLE	COM	155.88K	SH	$7.31M 1.64%	13.53K	142.35K
METLIFE INCSOLE	COM	102.91K	SH	$7.28M 1.63%	9.51K	93.40K
REALTY INCOME CORPSOLE	COM	112.35K	SH	$6.87M 1.54%	8.13K	104.22K
JPMORGAN CHASE & COSOLE	COM	21.11K	SH	$6.21M 1.39%	2.28K	18.83K
JOHNSON & JOHNSONSOLE	COM	25.29K	SH	$6.18M 1.39%	3.32K	21.97K
CECO ENVIRONMENTAL CORPSOLE	COM	98.33K	SH	$5.86M 1.32%	1.95K	96.38K
SPROTT ASSET MANAGEMENT LPSOLE	PHYSICAL GOLD AN	120.38K	SH	$5.74M 1.29%	6.63K	113.75K
ADMA BIOLOGICS INCSOLE	COM	627.39K	SH	$5.65M 1.27%	49.53K	577.85K

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