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Institutional

MARATHON CAPITAL MANAGEMENT

CIK 0001213206
$445.2M
Reported AUM
171
Positions
Q1 2026
Period
2026-05-14
Filed

The Brief · MARATHON CAPITAL MANAGEMENT · Q1 2026

AI · grounded in 13F

Marathon Capital Management closed its position in AZNN with a decrease of $14.5M. The fund established new positions in AZN for $12.85M and ZS for $9.3M. Additionally, the manager increased share counts in AMZN by 84.17% and FIS by 75.41%.

Portfolio · Q1 2026

TROW$57.6MBILGLWAZNAAPLGOOGAMZNCVXVYMIFANGZSOther$259.2MMM

Top holdings

QoQ vs Q4 2025

#StockIssuerPriceDay %1Y Gr.5Y Gr.Value% of bookΔ shares (QoQ)Status
1TROWPRICE T ROWE GROUP INC$105.99-0.91%18.49%-36.15%$57.6M12.93%14,600−2.2%
2BILSPDR SERIES TRUST$91.450.04%4.23%18.33%$17.9M4.02%+34,031+21.1%
3GLWCORNING INC$177.58-10.18%254.02%382.70%$14.3M3.21%80,228−43.3%
4AZNASTRAZENECA PLC$185.952.28%29.80%80.46%$12.9M2.89%+65,175NEW
5AAPLAPPLE INC$307.34-1.25%51.31%116.17%$12.4M2.79%+172+0.4%
6GOOGALPHABET INC$365.76-0.95%109.82%172.71%$12.1M2.72%950−2.2%
7AMZNAMAZON COM INC$246.03-3.06%15.20%47.87%$11.6M2.61%+25,467+84.2%
8CVXCHEVRON CORPORATION$187.31-0.55%39.19%125.88%$10.2M2.29%9,455−16.1%
9VYMIVANGUARD WHITEHALL FDS$98.05-1.98%27.56%80.17%$9.8M2.21%+268+0.3%
10FANGDIAMONDBACK ENERGY INC$192.62-5.09%40.57%208.71%$9.5M2.13%14,727−23.5%
11ZSZSCALER INC$130.78-3.31%-56.84%-44.56%$9.3M2.09%+66,345NEW
12ALSNALLISON TRANSMISSION HLDGS I$115.75-2.22%13.05%213.29%$8.5M1.90%2,223−3.0%
13MSFTMICROSOFT CORP$416.67-2.66%-10.71%52.39%$8.4M1.89%232−1.0%
14TTITETRA TECHNOLOGIES INC DEL$9.29-6.45%212.79%200.65%$8.3M1.87%212,184−17.8%
15QCOMQUALCOMM INC$215.94-10.98%48.63%60.58%$7.8M1.74%+76+0.1%
16ALMALMONTY INDS INC$16.31-21.13%218.63%799.37%$7.7M1.72%64,360−10.8%
17IBMINTERNATIONAL BUSINESS MACHS$284.84-5.61%8.65%157.04%$7.5M1.68%700−2.2%
18FISFIDELITY NATL INFORMATION SV$40.95-1.28%-48.29%-69.20%$7.3M1.64%+67,014+75.4%
19METMETLIFE INC$84.491.23%8.88%70.52%$7.3M1.63%742−0.7%
20OREALTY INCOME CORP$60.841.82%15.26%14.93%$6.9M1.54%859−0.8%
21JPMJPMORGAN CHASE & CO$312.370.48%19.84%133.52%$6.2M1.39%87−0.4%
22JNJJOHNSON & JOHNSON$232.772.02%53.90%55.59%$6.2M1.39%898−3.4%
23CECOCECO ENVIRONMENTAL CORP$78.02-3.80%197.90%1008.24%$5.9M1.32%3,355−3.3%
24CEFSPROTT ASSET MANAGEMENT LP$44.13-5.81%47.39%136.75%$5.7M1.29%4,725−3.8%
25ADMAADMA BIOLOGICS INC$7.97-0.13%-61.33%414.19%$5.7M1.27%+162,073+34.8%
26ANIPANI PHARMACEUTICALS INC$81.112.41%30.91%139.05%$5.6M1.25%+2,925+4.2%
27BRK/BBERKSHIRE HATHAWAY INC DEL$5.4M1.21%38−0.3%
28BBARRICK MNG CORP$39.46-7.78%103.64%108.72%$5.1M1.15%3,751−2.9%
29NPKINPK INTERNATIONAL INC$14.28-2.33%69.60%342.11%$5.0M1.13%11,280−3.2%
30BLDRBUILDERS FIRSTSOURCE INC$73.64-1.79%-34.03%65.48%$4.9M1.09%157−0.3%
31WTWWILLIS TOWERS WATSON PLC LTD$263.541.91%$4.8M1.08%38−0.2%
32ACAARCOSA INC$122.49-1.25%$4.8M1.08%2,235−4.7%
33GLDSPDR GOLD TR$396.24-3.65%$4.6M1.03%325−3.0%
34DHRDANAHER CORP DEL$184.30-1.25%$4.4M0.99%+260+1.1%
35ZTSZOETIS INC$79.44-0.10%$4.2M0.95%+686+2.0%
36CBCHUBB LTD SWITZ$326.273.74%$4.0M0.91%355−2.8%
37DOCHEALTHPEAK PROPERTIES INC$19.790.97%$4.0M0.91%1,887−0.8%
38CALXCALIX INC$37.27-2.79%$4.0M0.90%+1,170+1.5%
39ZETAZETA GLOBAL HOLDINGS CORP$22.02-4.88%$3.7M0.83%+9,920+4.5%
40ADBEADOBE INC$251.44-2.70%$3.2M0.71%+9+0.1%
41CPACOPA HOLDINGS SA$133.590.34%$3.2M0.71%23,765−46.1%
42SLBSLB LIMITED$54.87-5.41%$3.1M0.69%+1,395+2.4%
43NVONOVO-NORDISK A S$42.96-1.81%$3.0M0.67%1,141−1.4%
44ARCCARES CAPITAL CORP$18.79-0.58%$3.0M0.67%+358+0.2%
45MRKMERCK & CO INC$120.790.44%$2.8M0.64%9,980−29.6%
46ATECALPHATEC HLDGS INC$8.001.01%$2.8M0.64%+62,695+31.5%
47TRGPTARGA RES CORP$264.09-1.23%$2.5M0.56%1,825−15.5%
48PGPROCTER & GAMBLE CO$146.544.09%$2.3M0.53%66−0.4%
49LLYELI LILLY & CO$1131.420.55%$2.3M0.53%3−0.1%
50ENPHENPHASE ENERGY INC$56.07-18.01%$2.2M0.49%+180+0.3%
51GOOGLALPHABET INC$368.53-0.98%$2.1M0.47%605−7.7%
52SYMSYMBOTIC INC$44.02-7.15%$2.1M0.46%700−1.8%
53SPYSTATE STR SPDR S&P 500 ETF T$737.55-2.58%$1.8M0.39%155−5.4%
54DARDARLING INGREDIENTS INC$59.45-2.09%$1.7M0.39%27,525−49.4%
55GDXVANECK ETF TRUST$78.84-8.75%$1.7M0.37%680−3.6%
56MUMICRON TECHNOLOGY INC$864.01-13.25%$1.7M0.37%3,370−40.6%
57XOMEXXON MOBIL CORP$149.92-1.39%$1.7M0.37%50−0.5%
58ABBVABBVIE INC$227.231.02%$1.5M0.33%125−1.8%
59VZVERIZON COMMUNICATIONS INC$45.371.11%$1.5M0.33%398−1.3%
60LMTLOCKHEED MARTIN CORP$523.760.91%$1.4M0.32%546−18.9%
61PARPAR TECHNOLOGY CORP$13.46-7.24%$1.3M0.30%+24,085+31.3%
62WYWEYERHAEUSER CO$24.48-0.89%$1.3M0.30%+5,487+11.1%
63SELFGLOBAL SELF STORAGE INC$5.07-0.39%$1.3M0.30%1,524−0.6%
64KOCOCA COLA CO$79.483.46%$1.3M0.29%150−0.9%
65ARANTERO RESOURCES CORP$35.56-4.15%$1.3M0.29%HELD
66HONHONEYWELL INTL INC$213.97-1.69%$1.2M0.28%99−1.8%
67CINFCINCINNATI FINL CORP$165.292.88%$1.2M0.26%28−0.4%
68WFC 7.5 PERP LWELLS FARGO & CO$1.2M0.26%20−1.9%
69AMPLAMPLITUDE INC$7.66-1.16%$1.2M0.26%+82,960+93.6%
70AMDADVANCED MICRO DEVICES INC$466.38-10.86%$1.0M0.24%HELD
71KRNTKORNIT DIGITAL LTD$15.23-4.57%$1.0M0.23%1,450−2.0%
72NVDANVIDIA CORPORATION$205.10-6.20%$1.0M0.23%HELD
73RGLDROYAL GOLD INC$206.07-6.40%$1.0M0.23%HELD
74HDSNHUDSON TECHNOLOGIES INC$5.36-2.55%$1.0M0.23%1,000−0.6%
75ENBENBRIDGE INC$56.31-0.76%$1.0M0.23%50−0.3%
76PEPPEPSICO INC$141.92-0.16%$989K0.22%HELD
77EOGEOG RES INC$137.78-2.20%$955K0.21%+814+14.1%
78RTXRTX CORPORATION$180.990.88%$947K0.21%46−0.9%
79LSCCLATTICE SEMICONDUCTOR CORP$135.57-10.76%$937K0.21%HELD
80AMGNAMGEN INC$349.581.15%$891K0.20%59−2.3%
81GEHCGE HEALTHCARE TECHNOLOGIES I$64.671.35%$860K0.19%+24+0.2%
82BF/BBROWN FORMAN CORP$857K0.19%+4,402+15.7%
83ALLALLSTATE CORP$221.014.82%$793K0.18%100−2.5%
84MYCGSSGA ACTIVE TR$24.92-0.10%$776K0.17%+7,442+31.5%
85LOWLOWES COS INC$210.741.55%$755K0.17%55−1.7%
86YOUCLEAR SECURE INC$54.520.07%$726K0.16%1,000−6.3%
87HDHOME DEPOT INC$310.780.27%$684K0.15%HELD
88PLDPROLOGIS INC.$144.540.52%$674K0.15%150−2.9%
89MCDMCDONALDS CORP$279.842.61%$668K0.15%HELD
90NBRNABORS INDUSTRIES LTD$95.93-5.10%$645K0.14%HELD
91PNCPNC FINL SVCS GROUP INC$228.370.57%$630K0.14%50−1.6%
92TXOTXO PARTNERS LP$13.44-2.47%$629K0.14%HELD
93ETNEATON CORP PLC$395.94-5.42%$604K0.14%HELD
94SOSOUTHERN CO$92.601.07%$584K0.13%550−8.3%
95GEGE AEROSPACE$328.000.11%$580K0.13%900−30.6%
96EXEEXPAND ENERGY CORPORATION$92.07-1.42%$576K0.13%6,660−55.9%
97CSXCSX CORP$46.991.64%$554K0.12%57−0.4%
98SMRNUSCALE PWR CORP$10.50-12.50%$547K0.12%+500+1.0%
99DUKDUKE ENERGY CORP NEW$124.221.97%$538K0.12%31−0.7%
100GTYGETTY RLTY CORP NEW$32.982.36%$519K0.12%25−0.2%
101TMOTHERMO FISHER SCIENTIFIC INC$517K0.12%75−6.7%
102BMYBRISTOL-MYERS SQUIBB CO$505K0.11%240−2.8%
103EWZISHARES INC$492K0.11%+12,820NEW
104MYCFSSGA ACTIVE TR$491K0.11%708−3.5%
105ABTABBOTT LABORATORIES$483K0.11%HELD
106CSCOCISCO SYS INC$480K0.11%+165+2.7%
107CYRXCRYOPORT INC$474K0.11%30,000−34.4%
108SLVISHARES SILVER TR$468K0.11%5,653−45.1%
109BAC 7.25 PERP LBANK AMERICA CORP$465K0.10%HELD
110RXRXRECURSION PHARMACEUTICALS IN$464K0.10%+6,700+4.6%
111PFEPFIZER INC$459K0.10%638−3.8%
112IBBISHARES TR$447K0.10%HELD
113RIORIO TINTO PLC$434K0.10%1,174−20.1%
114SBUXSTARBUCKS CORP$434K0.10%10−0.2%
115KEYSKEYSIGHT TECHNOLOGIES INC$432K0.10%HELD
116RPRXROYALTY PHARMA PLC$431K0.10%+1,379+18.1%
117AVGOBROADCOM INC$427K0.10%HELD
118MPCMARATHON PETE CORP$415K0.09%HELD
119RYNRAYONIER INC$413K0.09%+20,028NEW
120TMHCTAYLOR MORRISON HOME CORP$408K0.09%HELD
121CPAYCORPAY INC$395K0.09%+220+19.3%
122MXLMAXLINEAR INC$391K0.09%HELD
123SYKSTRYKER CORPORATION$390K0.09%+5+0.4%
124CNXCNX RES CORP$386K0.09%HELD
125OKEONEOK INC NEW$380K0.09%100−2.3%
126ODFLOLD DOMINION FREIGHT LINE IN$377K0.08%+113+6.2%
127BXPBXP INC$374K0.08%+7,200NEW
128NEMNEWMONT CORP$362K0.08%700−17.3%
129ELVELEVANCE HEALTH INC FORMERLY$348K0.08%+200+20.2%
130TOLTOLL BROTHERS INC$346K0.08%+460+22.2%
131CRBGCOREBRIDGE FINL INC$318K0.07%49−0.4%
132MGYMAGNOLIA OIL & GAS CORP$316K0.07%HELD
133ZNGAZOOM COMMUNICATIONS INC$306K0.07%+3,803NEW
134SMRIEA SERIES TRUST$306K0.07%+125+1.5%
135FNBF N B CORP$301K0.07%HELD
136NEENEXTERA ENERGY INC$293K0.07%HELD
137GEVGE VERNOVA INC$288K0.06%HELD
138KRMNKARMAN HLDGS INC$288K0.06%+3,595NEW
139TAT&T INC$284K0.06%50−0.5%
140FCNCAFIRST CTZNS BANCSHARES INC D$283K0.06%145−49.2%
141FDSFACTSET RESH SYS INC$279K0.06%+554+75.9%
142NOCNORTHROP GRUMMAN CORP$278K0.06%HELD
143HPQHP INC$275K0.06%+14,335NEW
144EMREMERSON ELEC CO$271K0.06%HELD
145DISDISNEY WALT CO$263K0.06%HELD
146ADPAUTOMATIC DATA PROCESSING IN$255K0.06%+1,257NEW
147VIGVANGUARD SPECIALIZED FUNDS$246K0.06%HELD
148MDTMEDTRONIC PLC$244K0.05%+100+3.7%
149TCAFT ROWE PRICE ETF INC$243K0.05%HELD
150COPXGLOBAL X FDS$240K0.05%+90+3.0%
151COFCAPITAL ONE FINL CORP$237K0.05%HELD
152TMFCRBB FD INC$233K0.05%315−8.2%
153ACMAECOM$226K0.05%+505+23.4%
154CITHE CIGNA GROUP$219K0.05%HELD
155HLMNHILLMAN SOLUTIONS CORP$218K0.05%1,950−6.9%
156WMWASTE MGMT INC DEL$209K0.05%+910NEW
157MMM3M CO$204K0.05%HELD
158VOOVANGUARD INDEX FDS$200K0.05%24−6.7%
159ONDSONDAS INC$112K0.03%5,250−29.8%
160MCHXMARCHEX INC$95K0.02%HELD
161DYAIDYADIC INTL INC DEL$90K0.02%+25,000+29.4%
162LODECOMSTOCK INC$61K0.01%+2,500+14.3%
163AIRGAIRGAIN INC$61K0.01%HELD
164INVEIDENTIV INC$57K0.01%5,500−26.2%
165KOPNKOPIN CORP$56K0.01%5,000−16.7%
166BRFHBARFRESH FOOD GROUP INC$43K0.01%HELD
167NNDMNANO DIMENSION LTD$34K0.01%HELD
168BTBTBIT DIGITAL INC$20K0.00%HELD
169CNDTCONDUENT INC$13K0.00%+10,000NEW
170MDCXMEDICUS PHARMA LTD$7K0.00%+15,500NEW
171CTSOCYTOSORBENTS CORP$6K0.00%+10,000NEW
172AZNNASTRAZENECA PLC157,747EXITED
173LANDGLADSTONE LD CORP95,628EXITED
174SANMSANMINA CORPORATION5,000EXITED
175XRAYDENTSPLY SIRONA INC46,040EXITED
176PCHPOTLATCHDELTIC CORPORATION12,010EXITED
177ULTAULTA BEAUTY INC381EXITED
178RSPINVESCO EXCHANGE TRADED FD T1,163EXITED
179AXPAMERICAN EXPRESS CO600EXITED
180AMPAMERIPRISE FINL INC435EXITED
181VVISA INC584EXITED
182QQQINVESCO QQQ TR331EXITED
183CLFCLEVELAND-CLIFFS INC NEW15,000EXITED
184LPTHLIGHTPATH TECHNOLOGIES INC11,250EXITED

Source: SEC EDGAR · accession 0001172661-26-001839. 13F discloses long positions only — shorts, foreign equities, and options are excluded.