Q4 2025 · 13F-HR
MARATHON ASSET MANAGEMENT LPholdings as filed
Filed 2026-02-17 · accession 0001493152-26-007088
$64.3M
Reported value
13
Positions
2025-12-31
Period end
The Brief · MARATHON ASSET MANAGEMENT LP · Q4 2025
AI · grounded in 13F
MARATHON ASSET MANAGEMENT LP established a new position in SPY valued at $24.2M. The fund closed out positions in SATS and CNK, reducing exposure by $12.7M and $8.4M respectively. Other activity included a new position in CABLE ONE INC [[stock:CABO 0 03/15/26]] for $2M and a 100% increase in shares of PYPL.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $24.2M | 37.7% | 35,000 | Common | SOLE |
| 384313607 | EAF | GRAFTECH INTL LTD | $20.1M | 31.2% | 1,329,440 | Common | SOLE |
| 47804J719 | JHHY | JOHN HANCOCK EXCHANGE TRADED | $3.2M | 5.03% | 125,000 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $2.9M | 4.46% | 10,000 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $2.6M | 4.10% | 50,000 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $2.2M | 3.47% | 47,000 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $2.1M | 3.32% | 75,000 | Common | SOLE |
| 12685JAE5 | CABO 0 03/15/26 | CABLE ONE INC | $2.0M | 3.06% | 2,000,000 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $1.7M | 2.64% | 10,000 | Common | SOLE |
| 687793109 | OSCR | OSCAR HEALTH INC | $1.4M | 2.23% | 100,000 | Common | SOLE |
| 62914V106 | NIO | NIO INC | $940,000 | 1.46% | 200,000 | Common | SOLE |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $851,900 | 1.32% | 10,000 | Common | SOLE |
| 464287432 | TLT | ISHARES TR | $7,500 | 0.01% | 3,000 | CALL | SOLE |
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.