Q2 2025 · 13F-HR
MARATHON CAPITAL MANAGEMENTholdings as filed
Filed 2025-08-14 · accession 0001172661-25-003317
$392.6M
Reported value
166
Positions
2025-06-30
Period end
The Brief · MARATHON CAPITAL MANAGEMENT · Q2 2025
AI · grounded in 13F
MARATHON CAPITAL MANAGEMENT established a new position in TROW valued at $68.3M. The fund also initiated new stakes in MSFT for $12.2M and AZNN for $11.4M. Additional new positions include GLW at $11M and AAPL at $10.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 74144T108 | TROW | PRICE T ROWE GROUP INC | $68.3M | 17.4% | 708,145 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $12.2M | 3.10% | 24,450 | Common | NONE |
| 046353108 | AZNN | ASTRAZENECA PLC | $11.4M | 2.91% | 163,405 | Common | NONE |
| 219350105 | GLW | CORNING INC | $11.0M | 2.81% | 209,817 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $10.9M | 2.79% | 53,349 | Common | NONE |
| 747525103 | QCOM | QUALCOMM INC | $9.7M | 2.46% | 60,709 | Common | NONE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $9.4M | 2.39% | 31,852 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $8.7M | 2.21% | 60,725 | Common | NONE |
| 59156R108 | MET | METLIFE INC | $8.6M | 2.19% | 106,787 | Common | NONE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $8.3M | 2.12% | 60,689 | Common | NONE |
| 921946794 | VYMI | VANGUARD WHITEHALL FDS | $8.2M | 2.08% | 102,167 | Common | NONE |
| P31076105 | CPA | COPA HOLDINGS SA | $8.0M | 2.04% | 72,698 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $7.9M | 2.02% | 44,738 | Common | NONE |
| 31620M106 | FIS | FIDELITY NATL INFORMATION SV | $7.4M | 1.88% | 90,556 | Common | NONE |
| 01973R101 | ALSN | ALLISON TRANSMISSION HLDGS I | $7.2M | 1.83% | 75,528 | Common | NONE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $6.7M | 1.72% | 57,727 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $6.7M | 1.70% | 30,386 | Common | NONE |
| 756109104 | O | REALTY INCOME CORP | $6.3M | 1.61% | 109,510 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $6.2M | 1.57% | 21,276 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $5.5M | 1.40% | 11,346 | Common | SOLE |
| G96629103 | WTW | WILLIS TOWERS WATSON PLC LTD | $5.2M | 1.32% | 16,923 | Common | NONE |
| 000899104 | ADMA | ADMA BIOLOGICS INC | $5.2M | 1.32% | 283,690 | Common | NONE |
| 13100M509 | CALX | CALIX INC | $5.1M | 1.31% | 96,635 | Common | NONE |
| 00182C103 | ANIP | ANI PHARMACEUTICALS INC | $4.7M | 1.20% | 72,025 | Common | NONE |
| 235851102 | DHR | DANAHER CORPORATION | $4.6M | 1.18% | 23,449 | Common | NONE |
| 42250P103 | DOC | HEALTHPEAK PROPERTIES INC | $4.6M | 1.18% | 263,627 | Common | NONE |
| 88162F105 | TTI | TETRA TECHNOLOGIES INC DEL | $4.5M | 1.15% | 1,341,645 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $4.5M | 1.14% | 29,209 | Common | NONE |
| 806857108 | SLB | SCHLUMBERGER LTD | $4.5M | 1.14% | 131,882 | Common | NONE |
| 039653100 | ACA | ARCOSA INC | $4.1M | 1.05% | 47,745 | Common | NONE |
| 87151X101 | SYM | SYMBOTIC INC | $4.1M | 1.05% | 106,170 | Common | NONE |
| 85208R101 | CEF | SPROTT PHYSICAL GOLD & SILVE | $4.0M | 1.01% | 131,975 | Common | NONE |
| 04010L103 | ARCC | ARES CAPITAL CORP | $3.5M | 0.90% | 161,265 | Common | NONE |
| 78468R663 | BIL | SPDR SERIES TRUST | $3.5M | 0.89% | 38,045 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $3.5M | 0.88% | 11,378 | Common | NONE |
| 98956A105 | ZETA | ZETA GLOBAL HOLDINGS CORP | $3.4M | 0.88% | 222,510 | Common | NONE |
| 651718504 | NPKI | NPK INTERNATIONAL INC | $3.4M | 0.86% | 395,850 | Common | NONE |
| H1467J104 | CB | CHUBB LIMITED | $3.1M | 0.79% | 10,740 | Common | NONE |
| 06849F108 | B | BARRICK MNG CORP | $3.0M | 0.78% | 146,420 | Common | NONE |
| 125141101 | CECO | CECO ENVIRONMENTAL CORP | $2.9M | 0.75% | 103,930 | Common | NONE |
| 58933Y105 | MRK | MERCK & CO INC | $2.7M | 0.70% | 34,527 | Common | NONE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $2.7M | 0.68% | 16,745 | Common | NONE |
| 02081G201 | ATEC | ALPHATEC HLDGS INC | $2.6M | 0.65% | 231,375 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $2.4M | 0.61% | 99,510 | Common | NONE |
| 29355A107 | ENPH | ENPHASE ENERGY INC | $2.2M | 0.56% | 55,833 | Common | NONE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $2.2M | 0.55% | 56,685 | Common | NONE |
| 87612G101 | TRGP | TARGA RES CORP | $2.1M | 0.53% | 11,975 | Common | NONE |
| 444144109 | HDSN | HUDSON TECHNOLOGIES INC | $2.0M | 0.52% | 249,450 | Common | NONE |
| 532457108 | LLY | ELI LILLY & CO | $2.0M | 0.51% | 2,576 | Common | SOLE |
| M6372Q113 | KRNT | KORNIT DIGITAL LTD | $1.9M | 0.47% | 93,080 | Common | NONE |
| 37955N106 | SELF | GLOBAL SELF STORAGE INC | $1.8M | 0.45% | 333,414 | Common | NONE |
| 376549101 | LAND | GLADSTONE LD CORP | $1.5M | 0.37% | 143,162 | Common | NONE |
| 060505682 | BAC 7.25 PERP L | BANK AMERICA CORP | $1.4M | 0.35% | 1,148 | Common | NONE |
| 962166104 | WY | WEYERHAEUSER CO MTN BE | $1.4M | 0.35% | 53,906 | Common | NONE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $1.4M | 0.35% | 11,664 | Common | NONE |
| 438516106 | HON | HONEYWELL INTL INC | $1.3M | 0.34% | 5,745 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $1.3M | 0.33% | 7,435 | Common | NONE |
| 949746804 | WFC 7.5 PERP L | WELLS FARGO CO NEW | $1.2M | 0.31% | 1,047 | Common | NONE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $1.2M | 0.31% | 28,401 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $1.2M | 0.31% | 17,220 | Common | NONE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $1.2M | 0.31% | 30,000 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $1.2M | 0.30% | 6,279 | Common | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $1.2M | 0.30% | 9,427 | Common | NONE |
| 92189F106 | GDX | VANECK ETF TRUST | $1.1M | 0.29% | 21,571 | Common | NONE |
| 172062101 | CINF | CINCINNATI FINL CORP | $1.1M | 0.29% | 7,538 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $1.0M | 0.26% | 9,349 | Common | SOLE |
| 698884103 | PAR | PAR TECHNOLOGY CORP | $970,486 | 0.25% | 13,990 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $957,419 | 0.24% | 6,060 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $948,400 | 0.24% | 1,535 | Common | NONE |
| 229050307 | CYRX | CRYOPORT INC | $908,069 | 0.23% | 121,725 | Common | NONE |
| 36266G107 | GEHC | GE HEALTHCARE TECHNOLOGIES I | $892,840 | 0.23% | 12,054 | Common | NONE |
| 713448108 | PEP | PEPSICO INC | $851,130 | 0.22% | 6,446 | Common | SOLE |
| 31946M103 | FCNCA | FIRST CTZNS BANCSHARES INC N | $831,500 | 0.21% | 425 | Common | NONE |
| 29250N105 | ENB | ENBRIDGE INC | $815,760 | 0.21% | 18,000 | Common | NONE |
| 020002101 | ALL | ALLSTATE CORP | $794,772 | 0.20% | 3,948 | Common | NONE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $730,643 | 0.19% | 5,149 | Common | NONE |
| 780287108 | RGLD | ROYAL GOLD INC | $727,738 | 0.19% | 4,092 | Common | NONE |
| 75629V104 | RXRX | RECURSION PHARMACEUTICALS IN | $717,989 | 0.18% | 141,895 | Common | NONE |
| 803607100 | SRPT | SAREPTA THERAPEUTICS INC | $710,933 | 0.18% | 41,575 | Common | NONE |
| 431636109 | HLMN | HILLMAN SOLUTIONS CORP | $705,439 | 0.18% | 98,801 | Common | NONE |
| 369604301 | GE | GE AEROSPACE | $697,270 | 0.18% | 2,709 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $688,917 | 0.18% | 1,879 | Common | NONE |
| 548661107 | LOW | LOWES COS INC | $677,591 | 0.17% | 3,054 | Common | NONE |
| 002824100 | ABT | ABBOTT LABS | $648,068 | 0.17% | 4,765 | Common | NONE |
| 75513E101 | RTX | RTX CORPORATION | $646,719 | 0.16% | 4,429 | Common | NONE |
| 693475105 | PNC | PNC FINL SVCS GROUP INC | $641,471 | 0.16% | 3,441 | Common | NONE |
| 78470P812 | MYCG | SSGA ACTIVE TR | $636,964 | 0.16% | 25,471 | Common | NONE |
| 580135101 | MCD | MCDONALDS CORP | $607,719 | 0.15% | 2,080 | Common | NONE |
| G29183103 | ETN | EATON CORP PLC | $601,528 | 0.15% | 1,685 | Common | NONE |
| 74340W103 | PLD | PROLOGIS INC. | $551,880 | 0.14% | 5,250 | Common | NONE |
| 78470P820 | MYCF | SSGA ACTIVE TR | $542,879 | 0.14% | 21,637 | Common | NONE |
| 18467V109 | YOU | CLEAR SECURE INC | $527,440 | 0.13% | 19,000 | Common | NONE |
| 87313P103 | TXO | TXO PARTNERS LP | $526,400 | 0.13% | 35,000 | Common | NONE |
| 518415104 | LSCC | LATTICE SEMICONDUCTOR CORP | $497,004 | 0.13% | 10,145 | Common | NONE |
| 801056102 | SANM | SANMINA CORPORATION | $489,150 | 0.12% | 5,000 | Common | NONE |
| 101121101 | BXP | BXP INC | $472,206 | 0.12% | 6,999 | Common | NONE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $456,953 | 0.12% | 1,127 | Common | SOLE |
| 21871X109 | CRBG | COREBRIDGE FINL INC | $453,868 | 0.12% | 12,785 | Common | NONE |
| 855244109 | SBUX | STARBUCKS CORP | $452,652 | 0.12% | 4,940 | Common | SOLE |
| 126408103 | CSX | CSX CORP | $442,071 | 0.11% | 13,548 | Common | SOLE |
| 737630103 | PCH | POTLATCHDELTIC CORPORATION | $442,022 | 0.11% | 11,520 | Common | NONE |
| 374297109 | GTY | GETTY RLTY CORP NEW | $430,908 | 0.11% | 15,590 | Common | NONE |
| 87724P106 | TMHC | TAYLOR MORRISON HOME CORP | $429,940 | 0.11% | 7,000 | Common | NONE |
| 863667101 | SYK | STRYKER CORPORATION | $427,676 | 0.11% | 1,081 | Common | SOLE |
| 17275R102 | CSCO | CISCO SYS INC | $426,272 | 0.11% | 6,144 | Common | NONE |
| 46428Q109 | SLV | ISHARES SILVER TR | $424,561 | 0.11% | 12,940 | Common | SOLE |
| 464287556 | IBB | ISHARES TR | $419,381 | 0.11% | 3,315 | Common | NONE |
| 24906P109 | XRAY | DENTSPLY SIRONA INC | $406,131 | 0.10% | 25,575 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $401,071 | 0.10% | 1,455 | Common | NONE |
| 767204100 | RIO | RIO TINTO PLC | $385,853 | 0.10% | 6,615 | Common | NONE |
| 254687106 | DIS | DISNEY WALT CO | $376,742 | 0.10% | 3,038 | Common | NONE |
| 26441C204 | DUK | DUKE ENERGY CORP NEW | $374,296 | 0.10% | 3,172 | Common | NONE |
| 682680103 | OKE | ONEOK INC NEW | $363,254 | 0.09% | 4,450 | Common | NONE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $361,467 | 0.09% | 7,809 | Common | NONE |
| 12653C108 | CNX | CNX RES CORP | $336,800 | 0.09% | 10,000 | Common | NONE |
| 57776J100 | MXL | MAXLINEAR INC | $319,725 | 0.08% | 22,500 | Common | NONE |
| 031162100 | AMGN | AMGEN INC | $317,741 | 0.08% | 1,138 | Common | NONE |
| 87283Q867 | TCAF | T ROWE PRICE ETF INC | $309,582 | 0.08% | 8,775 | Common | NONE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $299,779 | 0.08% | 1,409 | Common | NONE |
| 37954Y830 | COPX | GLOBAL X FDS | $296,730 | 0.08% | 6,594 | Common | NONE |
| 56585A102 | MPC | MARATHON PETE CORP | $282,387 | 0.07% | 1,700 | Common | NONE |
| 02072L425 | SMRI | EA SERIES TRUST | $281,043 | 0.07% | 8,520 | Common | NONE |
| 291011104 | EMR | EMERSON ELEC CO | $275,593 | 0.07% | 2,067 | Common | NONE |
| 125523100 | CI | THE CIGNA GROUP | $271,737 | 0.07% | 822 | Common | SOLE |
| 74933W601 | TMFC | RBB FD INC | $266,151 | 0.07% | 4,126 | Common | NONE |
| 302520101 | FNB | F N B CORP | $262,440 | 0.07% | 18,000 | Common | NONE |
| 427866108 | HSY | HERSHEY CO | $258,052 | 0.07% | 1,555 | Common | NONE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $257,168 | 0.07% | 1,412 | Common | SOLE |
| 49338L103 | KEYS | KEYSIGHT TECHNOLOGIES INC | $250,542 | 0.06% | 1,529 | Common | NONE |
| 37954Y871 | URA | GLOBAL X FDS | $249,548 | 0.06% | 6,430 | Common | NONE |
| 17888H103 | CIVI | CIVITAS RESOURCES INC | $248,781 | 0.06% | 9,040 | Common | NONE |
| 651639106 | NEM | NEWMONT CORP | $247,139 | 0.06% | 4,242 | Common | NONE |
| 929740108 | WAB | WABTEC | $244,730 | 0.06% | 1,169 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $244,253 | 0.06% | 430 | Common | NONE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $239,259 | 0.06% | 1,169 | Common | NONE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $236,665 | 0.06% | 511 | Common | SOLE |
| 03076C106 | AMP | AMERIPRISE FINL INC | $232,173 | 0.06% | 435 | Common | NONE |
| 46434VBD1 | IBDQ | ISHARES TR | $231,027 | 0.06% | 9,175 | Common | NONE |
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY | $228,615 | 0.06% | 2,884 | Common | NONE |
| 559663109 | MGY | MAGNOLIA OIL & GAS CORP | $224,800 | 0.06% | 10,000 | Common | NONE |
| 888787108 | TOST | TOAST INC | $221,450 | 0.06% | 5,000 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TR | $220,656 | 0.06% | 400 | Common | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $219,298 | 0.06% | 3,159 | Common | SOLE |
| 88579Y101 | MMM | 3M CO | $214,049 | 0.05% | 1,406 | Common | SOLE |
| G6359F137 | NBR | NABORS INDUSTRIES LTD | $210,150 | 0.05% | 7,500 | Common | NONE |
| 92826C839 | V | VISA INC | $207,349 | 0.05% | 584 | Common | NONE |
| 14448C104 | CARR | CARRIER GLOBAL CORPORATION | $205,477 | 0.05% | 2,807 | Common | NONE |
| 500754106 | KHC | KRAFT HEINZ CO | $203,978 | 0.05% | 7,900 | Common | NONE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $203,492 | 0.05% | 407 | Common | SOLE |
| 46435GAA0 | IBDR | ISHARES TR | $203,094 | 0.05% | 8,375 | Common | NONE |
| 46435UAA9 | IBDS | ISHARES TR | $201,441 | 0.05% | 8,300 | Common | NONE |
| 81762P102 | NOW | SERVICENOW INC | $200,476 | 0.05% | 195 | Common | NONE |
| 94106L109 | WM | WASTE MGMT INC DEL | $200,218 | 0.05% | 875 | Common | NONE |
| 45170X205 | INVE | IDENTIV INC | $197,067 | 0.05% | 60,450 | Common | NONE |
| M46528101 | FRO | FRONTLINE PLC | $164,100 | 0.04% | 10,000 | Common | NONE |
| 004397105 | ARAY | ACCURAY INC | $137,000 | 0.03% | 100,000 | Common | NONE |
| 56624R108 | MCHX | MARCHEX INC | $116,640 | 0.03% | 54,000 | Common | NONE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $114,000 | 0.03% | 15,000 | Common | NONE |
| 30049H102 | EVLV | EVOLV TECHNOLOGIES HLDNGS IN | $78,000 | 0.02% | 12,500 | Common | NONE |
| 68236H204 | ONDS | ONDAS HLDGS INC | $73,920 | 0.02% | 38,500 | Common | NONE |
| 532257805 | LPTH | LIGHTPATH TECHNOLOGIES INC | $53,900 | 0.01% | 17,500 | Common | NONE |
| 067532200 | BRFH | BARFRESH FOOD GROUP INC | $52,613 | 0.01% | 15,384 | Common | NONE |
| 205750409 | LODE | COMSTOCK INC | $51,165 | 0.01% | 13,500 | Common | NONE |
| 500600101 | KOPN | KOPIN CORP | $45,900 | 0.01% | 30,000 | Common | NONE |
| 00938A104 | AIRG | AIRGAIN INC | $41,500 | 0.01% | 10,000 | Common | NONE |
| 63008G203 | NNDM | NANO DIMENSION LTD | $32,400 | 0.01% | 20,000 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.