MARATHON TRADING INVESTMENT MANAGEMENT LLC

Filed: 11/13/2025ACC: 0001572748-25-000013

📋 What this filing means

MARATHON TRADING INVESTMENT MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 307 equity positions with a total reported market value of $1.45B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

307

Positions

$1.45B

Total AUM (reported)

26.19M

Total Shares

Allocation by class

OPTION$1.22B83.8%

COMMON STOCK$235.84M16.2%

Portfolio Concentration

Top 3$535.59M36.9%

4–10$321.12M22.1%

11–25$229.86M15.8%

Rest$366.11M25.2%

Top 3 weight

36.9%

Top 10 weight

59.0%

Voting Authority Distribution

Total shares with voting rights: 4.82M

Sole

Full voting authority

2.28M

% of voting shares47.3%

Shared

Joint voting authority

2.54M

% of voting shares52.7%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole104

Shared0

Other203

Dominant voting typeShared · 52.7% of voting shares

Institutional Holdings307

Rows:

ISHARES SILVER TR

OTR

Option

Shares5.26M

TypeSH

Market value$222.91M

15.34%

Sole

0.00

Shared

0.00

None

0.00

ISHARES SILVER TR

OTR

Option

Shares4.74M

TypeSH

Market value$200.83M

13.82%

Sole

0.00

Shared

0.00

None

0.00

TESLA INC

OTR

Option

Shares251.50K

TypeSH

Market value$111.85M

7.70%

Sole

0.00

Shared

0.00

None

0.00

WOLFSPEED INC

OTR

Option

Shares3.12M

TypeSH

Market value$89.33M

6.15%

Sole

0.00

Shared

0.00

None

0.00

SPDR GOLD TR

OTR

Option

Shares190K

TypeSH

Market value$67.54M

4.65%

Sole

0.00

Shared

0.00

None

0.00

TESLA INC

OTR

Option

Shares119K

TypeSH

Market value$52.92M

3.64%

Sole

0.00

Shared

0.00

None

0.00

SPDR GOLD TR

OTR

Common Stock

Shares100.55K

TypeSH

Market value$35.74M

2.46%

Sole

26.82K

Shared

73.72K

None

0.00

KRANESHARES TRUST

OTR

Option

Shares651.50K

TypeSH

Market value$27.37M

1.88%

Sole

0.00

Shared

0.00

None

0.00

AMAZON COM INC

OTR

Option

Shares111.20K

TypeSH

Market value$24.42M

1.68%

Sole

0.00

Shared

0.00

None

0.00

JD.COM INC

OTR

Option

Shares680.40K

TypeSH

Market value$23.80M

1.64%

Sole

0.00

Shared

0.00

None

0.00

AMAZON COM INC

OTR

Common Stock

Shares99.20K

TypeSH

Market value$21.78M

1.50%

Sole

813.00

Shared

98.39K

None

0.00

SPDR GOLD TR

OTR

Option

Shares60K

TypeSH

Market value$21.33M

1.47%

Sole

0.00

Shared

0.00

None

0.00

BANK AMERICA CORP

OTR

Option

Shares360K

TypeSH

Market value$18.57M

1.28%

Sole

0.00

Shared

0.00

None

0.00

PDD HOLDINGS INC

OTR

Option

Shares137.50K

TypeSH

Market value$18.17M

1.25%

Sole

0.00

Shared

0.00

None

0.00

NVIDIA CORPORATION

OTR

Option

Shares95.70K

TypeSH

Market value$17.86M

1.23%

Sole

0.00

Shared

0.00

None

0.00

BANK AMERICA CORP

OTR

Common Stock

Shares330.01K

TypeSH

Market value$17.03M

1.17%

Sole

119.61K

Shared

210.41K

None

0.00

JD.COM INC

OTR

Common Stock

Shares449.76K

TypeSH

Market value$15.73M

1.08%

Sole

306.72K

Shared

143.04K

None

0.00

WOLFSPEED INC

OTR

Option

Shares507.70K

TypeSH

Market value$14.52M

1.00%

Sole

0.00

Shared

0.00

None

0.00

ALIBABA GROUP HLDG LTD

OTR

Option

Shares76.50K

TypeSH

Market value$13.67M

0.94%

Sole

0.00

Shared

0.00

None

0.00

PALANTIR TECHNOLOGIES INC

OTR

Option

Shares73.80K

TypeSH

Market value$13.46M

0.93%

Sole

0.00

Shared

0.00

None

0.00

REDDIT INC

OTR

Option

Shares56.80K

TypeSH

Market value$13.06M

0.90%

Sole

0.00

Shared

0.00

None

0.00

ISHARES BITCOIN TRUST ETF

OTR

Option

Shares191.70K

TypeSH

Market value$12.46M

0.86%

Sole

0.00

Shared

0.00

None

0.00

ALIBABA GROUP HLDG LTD

OTR

Option

Shares68.40K

TypeSH

Market value$12.23M

0.84%

Sole

0.00

Shared

0.00

None

0.00

STRATEGY INC

OTR

Option

Shares33.10K

TypeSH

Market value$10.67M

0.73%

Sole

0.00

Shared

0.00

None

0.00

JD.COM INC

OTR

Option

Shares266.60K

TypeSH

Market value$9.33M

0.64%

Sole

0.00

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared
ISHARES SILVER TROTR	Option	5.26M	SH	$222.91M 15.34%	0.00	0.00
ISHARES SILVER TROTR	Option	4.74M	SH	$200.83M 13.82%	0.00	0.00
TESLA INCOTR	Option	251.50K	SH	$111.85M 7.70%	0.00	0.00
WOLFSPEED INCOTR	Option	3.12M	SH	$89.33M 6.15%	0.00	0.00
SPDR GOLD TROTR	Option	190K	SH	$67.54M 4.65%	0.00	0.00
TESLA INCOTR	Option	119K	SH	$52.92M 3.64%	0.00	0.00
SPDR GOLD TROTR	Common Stock	100.55K	SH	$35.74M 2.46%	26.82K	73.72K
KRANESHARES TRUSTOTR	Option	651.50K	SH	$27.37M 1.88%	0.00	0.00
AMAZON COM INCOTR	Option	111.20K	SH	$24.42M 1.68%	0.00	0.00
JD.COM INCOTR	Option	680.40K	SH	$23.80M 1.64%	0.00	0.00
AMAZON COM INCOTR	Common Stock	99.20K	SH	$21.78M 1.50%	813.00	98.39K
SPDR GOLD TROTR	Option	60K	SH	$21.33M 1.47%	0.00	0.00
BANK AMERICA CORPOTR	Option	360K	SH	$18.57M 1.28%	0.00	0.00
PDD HOLDINGS INCOTR	Option	137.50K	SH	$18.17M 1.25%	0.00	0.00
NVIDIA CORPORATIONOTR	Option	95.70K	SH	$17.86M 1.23%	0.00	0.00
BANK AMERICA CORPOTR	Common Stock	330.01K	SH	$17.03M 1.17%	119.61K	210.41K
JD.COM INCOTR	Common Stock	449.76K	SH	$15.73M 1.08%	306.72K	143.04K
WOLFSPEED INCOTR	Option	507.70K	SH	$14.52M 1.00%	0.00	0.00
ALIBABA GROUP HLDG LTDOTR	Option	76.50K	SH	$13.67M 0.94%	0.00	0.00
PALANTIR TECHNOLOGIES INCOTR	Option	73.80K	SH	$13.46M 0.93%	0.00	0.00
REDDIT INCOTR	Option	56.80K	SH	$13.06M 0.90%	0.00	0.00
ISHARES BITCOIN TRUST ETFOTR	Option	191.70K	SH	$12.46M 0.86%	0.00	0.00
ALIBABA GROUP HLDG LTDOTR	Option	68.40K	SH	$12.23M 0.84%	0.00	0.00
STRATEGY INCOTR	Option	33.10K	SH	$10.67M 0.73%	0.00	0.00
JD.COM INCOTR	Option	266.60K	SH	$9.33M 0.64%	0.00	0.00

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