MARATHON ASSET MANAGEMENT LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, MARATHON ASSET MANAGEMENT LP maintained a portfolio of 19 distinct positions. The most significant new addition to the portfolio was SPDR S&P 500 ETF TR, which now represents 37.66% of the total fund value. Conversely, MARATHON ASSET MANAGEMENT LP completely exited their position in ECHOSTAR CORP.
PCA Score Concentration Risk
Risk ENB
Total Positions
19
Quarter
2025 Q4
Top Holding
SPY (37.7%)
Top 10 Concentration
97.2%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-19 of 19
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
SPY
SPDR S&P 500 ET...
ETF 37.66% #1
Prev: #—
10.0 35,000 no change
NEW
35,000 $24,218,950 2006 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EAF
GRAFTECH INTL L...
Industrials 31.24% 36.10% #2 1
Prev: #1
10.0 -785,949 -37.2%
P
S
1,329,440 $20,087,838 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
JHHY
JOHN HANCOCK EX...
ETF 5.03% 4.35% #3 2
Prev: #5
2.0 no change no change
P
S
125,000 $3,237,088 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UNH
UNITEDHEALTH GR...
Healthcare 4.46% 5.75% #4
Prev: #4
1.8 -2,500 -20.0%
P
S
10,000 $2,869,300 2007 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PYPL
PAYPAL HLDGS IN...
Financial Services 4.10% 2.23% #5 5
Prev: #10
3.9 25,000 100.0%
P
S
50,000 $2,634,500 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IBIT
ISHARES BITCOIN...
Bond/Debt 3.47% 2.16% #6 5
Prev: #11
3.7 22,000 88.0%
P
S
47,000 $2,232,030 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JD
JD.COM INC
Consumer Cyclical 3.32% 2.33% #7 2
Prev: #9
3.5 25,000 50.0%
P
S
75,000 $2,136,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CABLE ONE INC
Bond/Debt 3.06% #8
Prev: #—
3.2 2,000,000 no change
NEW
2,000,000 $1,965,000 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 2.64% 2.38% #9 1
Prev: #8
1.1 no change no change
P
S
10,000 $1,695,600 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
OSCR
OSCAR HEALTH IN...
Healthcare 2.23% 1.89% #10 4
Prev: #14
3.0 25,000 33.3%
P
S
100,000 $1,435,000 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NIO
NIO INC
Consumer Cyclical 1.46% 2.03% #11 2
Prev: #13
0.6 no change no change
P
S
200,000 $940,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NBIS
NEBIUS GROUP N....
Communication Services 1.32% 1.49% #12 3
Prev: #15
0.5 no change no change
P
S
10,000 $851,900 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TLT
ISHARES TR
CALL
CALL Option 0.01% 0.20% #13 4
Prev: #17
0.3 -24,000 -88.9%
P
S
3,000 $7,500 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SATS
ECHOSTAR CORP
CALL
CALL Option 0.00% 16.85%
Sold All 😨
(Was: #2)
0.3 -5,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CNK
CINEMARK HLDGS ...
Communication Services 0.00% 11.19%
Sold All 😨
(Was: #3)
0.3 -300,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
Technology 0.00% 4.31%
Sold All 😨
(Was: #6)
0.3 -20,000 -100.0%
CLOSED
$— 2005 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ETHA
ISHARES ETHEREU...
ETF 0.00% 3.57%
Sold All 😨
(Was: #7)
0.3 -85,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 0.00% 2.05%
Sold All 😨
(Was: #12)
0.3 -6,330 -100.0%
CLOSED
$— 2008 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KORE
KORE GROUP HLDG...
Communication Services 0.00% 1.13%
Sold All 😨
(Was: #16)
0.3 -351,396 -100.0%
CLOSED
$— 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-19 of 19 holdings

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