Marathon Asset Management Ltd

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, Marathon Asset Management Ltd maintained a portfolio of 78 distinct positions. The most significant new addition to the portfolio was CHAMPION HOMES INC, which now represents 0.83% of the total fund value. They heavily accumulated shares in AMAZON COM INC, increasing their position by 9.1%. The fund also reduced its exposure to MICRON TECHNOLOGY IN by 26.6%.
PCA Score Concentration Risk
Risk ENB
Total Positions
78
Quarter
2026 Q1
Top Holding
CNH (4.9%)
Top 10 Concentration
35.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 78
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
CNH
CNH INDL N V
Industrials 4.92% 4.23% #1 1
Prev: #2
4.5 -252,782 -2.1%
P
S
11,664,413 $128,309,143 2023 Q4 13F Filing 2026-03-31 2026-04-24
AMZN
AMAZON COM INC
Consumer Cyclical 4.42% 4.50% #2 1
Prev: #1
5.3 46,063 9.1%
P
S
552,798 $115,277,322 2024 Q3 13F Filing 2026-03-31 2026-04-24
GOOGL
ALPHABET INC
Communication Services 4.06% 4.15% #3
Prev: #3
4.6 23,110 6.7%
P
S
368,043 $105,833,837 2021 Q3 13F Filing 2026-03-31 2026-04-24
CCEP
COCA-COLA EUROP...
Consumer Defensive 3.86% 3.93% #4
Prev: #4
2.5 -17,430 -1.5%
P
S
1,109,745 $100,620,579 2021 Q3 13F Filing 2026-03-31 2026-04-24
SCCO
SOUTHERN COPPER...
Basic Materials 3.29% 3.57% #5
Prev: #5
1.8 -148,255 -22.9%
P
S
498,627 $85,793,598 2021 Q3 13F Filing 2026-03-31 2026-04-24
TIGO
MILLICOM INTL C...
Communication Services 3.18% 2.35% #6 5
Prev: #11
1.8 6,236 0.6%
P
S
1,107,258 $82,977,550 2025 Q3 13F Filing 2026-03-31 2026-04-24
BN
BROOKFIELD CORP
Financial Services 3.03% 3.47% #7 1
Prev: #6
1.7 -7,247 -0.4%
P
S
1,955,732 $78,998,487 2022 Q4 13F Filing 2026-03-31 2026-04-24
ELV
ELEVANCE HEALTH...
Healthcare 3.01% 3.33% #8 1
Prev: #7
3.2 21,577 8.7%
P
S
268,388 $78,574,854 2024 Q4 13F Filing 2026-03-31 2026-04-24
CNQ
CANADIAN NAT RE...
Energy 3.00% 2.11% #9 6
Prev: #15
1.7 -4,498 -0.3%
P
S
1,595,650 $78,283,212 2021 Q3 13F Filing 2026-03-31 2026-04-24
BNS
BANK NOVA SCOTI...
Financial Services 2.89% 3.11% #10 1
Prev: #9
1.7 -4,732 -0.4%
P
S
1,089,394 $75,315,870 2021 Q3 13F Filing 2026-03-31 2026-04-24
MSFT
MICROSOFT CORP
Technology 2.80% 3.16% #11 3
Prev: #8
3.1 27,209 16.0%
P
S
196,994 $72,920,688 2021 Q4 13F Filing 2026-03-31 2026-04-24
FNV
FRANCO NEV CORP
Basic Materials 2.72% 2.31% #12
Prev: #12
1.6 -1,044 -0.4%
P
S
287,697 $70,992,166 2021 Q3 13F Filing 2026-03-31 2026-04-24
NVDA
NVIDIA CORPORAT...
Technology 2.39% 2.23% #13
Prev: #13
3.0 46,210 14.8%
P
S
357,453 $62,340,487 2025 Q1 13F Filing 2026-03-31 2026-04-24
META
META PLATFORMS ...
Communication Services 2.28% 2.44% #14 4
Prev: #10
2.9 7,760 8.1%
P
S
103,745 $59,354,935 2021 Q3 13F Filing 2026-03-31 2026-04-24
CX
CEMEX SA EURO M...
Basic Materials 2.03% 2.20% #15 1
Prev: #14
1.3 -346,495 -7.0%
P
S
4,624,113 $52,900,073 2024 Q1 13F Filing 2026-03-31 2026-04-24
LAUR
LAUREATE ED INC
Consumer Defensive 2.00% 1.95% #16 2
Prev: #18
1.3 -11,815 -0.8%
P
S
1,496,235 $52,128,827 2024 Q2 13F Filing 2026-03-31 2026-04-24
CPA
COPA HOLDINGS S...
Industrials 1.85% 1.90% #17 4
Prev: #21
1.2 14,586 3.6%
P
S
424,158 $48,188,590 2022 Q3 13F Filing 2026-03-31 2026-04-24
MKL
MARKEL GROUP IN...
Financial Services 1.83% 1.90% #18 2
Prev: #20
2.7 1,915 8.3%
P
S
24,901 $47,659,485 2021 Q3 13F Filing 2026-03-31 2026-04-24
V
VISA INC
Financial Services 1.78% 1.74% #19 4
Prev: #23
2.7 24,038 18.6%
P
S
153,309 $46,335,175 2021 Q4 13F Filing 2026-03-31 2026-04-24
VIPS
VIPSHOP HLDGS L...
Consumer Cyclical 1.76% 2.00% #20 3
Prev: #17
1.2 -16,946 -0.6%
P
S
2,925,605 $45,990,511 2021 Q3 13F Filing 2026-03-31 2026-04-24
TMO
THERMO FISHER S...
Healthcare 1.76% 1.91% #21 2
Prev: #19
2.7 7,875 9.2%
P
S
93,421 $45,958,799 2021 Q4 13F Filing 2026-03-31 2026-04-24
MU
MICRON TECHNOLO...
Technology 1.75% 2.02% #22 6
Prev: #16
0.7 -48,825 -26.6%
P
S
134,816 $45,564,282 2021 Q4 13F Filing 2026-03-31 2026-04-24
CP
CANADIAN PACIFI...
Industrials 1.59% 1.50% #23 3
Prev: #26
1.1 -1,942 -0.4%
P
S
527,024 $41,422,176 2021 Q3 13F Filing 2026-03-31 2026-04-24
GIL
GILDAN ACTIVEWE...
Consumer Cyclical 1.59% 1.79% #24 2
Prev: #22
1.1 -2,748 -0.4%
P
S
742,133 $41,367,226 2021 Q3 13F Filing 2026-03-31 2026-04-24
ORCL
ORACLE CORP
Technology 1.53% 1.09% #25 12
Prev: #37
3.6 126,180 87.1%
P
S
271,004 $39,867,088 2021 Q3 13F Filing 2026-03-31 2026-04-24
TRU
TRANSUNION
Financial Services 1.51% 1.74% #26 2
Prev: #24
2.6 41,540 7.9%
P
S
569,292 $39,390,258 2023 Q2 13F Filing 2026-03-31 2026-04-24
IBKR
INTERACTIVE BRO...
Financial Services 1.40% 1.18% #27 6
Prev: #33
2.6 65,601 13.7%
P
S
543,043 $36,420,844 2024 Q2 13F Filing 2026-03-31 2026-04-24
MA
MASTERCARD INCO...
Financial Services 1.40% 1.48% #28 1
Prev: #27
2.6 5,284 7.8%
P
S
72,740 $36,402,390 2021 Q4 13F Filing 2026-03-31 2026-04-24
CME
CME GROUP INC
Financial Services 1.36% 1.11% #29 7
Prev: #36
2.5 14,459 13.7%
P
S
120,131 $35,480,072 2021 Q3 13F Filing 2026-03-31 2026-04-24
PGR
PROGRESSIVE COR...
Financial Services 1.33% 1.35% #30 1
Prev: #29
2.5 21,161 13.7%
P
S
175,470 $34,785,286 2021 Q3 13F Filing 2026-03-31 2026-04-24
SPGI
S&P GLOBAL INC
Financial Services 1.28% 1.19% #31 1
Prev: #32
3.0 19,264 32.6%
P
S
78,290 $33,299,552 2021 Q4 13F Filing 2026-03-31 2026-04-24
ALGN
ALIGN TECHNOLOG...
Healthcare 1.26% 1.06% #32 6
Prev: #38
2.5 15,123 8.6%
P
S
191,709 $32,864,566 2022 Q3 13F Filing 2026-03-31 2026-04-24
FISV
FISERV INC
Unknown 1.25% 1.23% #33 2
Prev: #31
3.0 108,981 22.8%
P
S
586,120 $32,705,162 2021 Q4 13F Filing 2026-03-31 2026-04-24
KAR
OPENLANE INC
Unknown 1.23% 1.12% #34 1
Prev: #35
2.5 130,785 13.4%
P
S
1,104,351 $32,191,130 2021 Q4 13F Filing 2026-03-31 2026-04-24
ATS
ATS CORPORATION
Industrials 1.18% 1.16% #35 1
Prev: #34
1.0 -3,800 -0.3%
P
S
1,093,911 $30,733,509 2025 Q2 13F Filing 2026-03-31 2026-04-24
PAYC
PAYCOM SOFTWARE...
Technology 1.04% 1.26% #36 6
Prev: #30
2.4 18,145 8.8%
P
S
223,315 $27,141,069 2023 Q3 13F Filing 2026-03-31 2026-04-24
ADSK
AUTODESK INC
Technology 0.95% 1.04% #37 2
Prev: #39
2.4 12,488 13.7%
P
S
103,718 $24,829,956 2022 Q1 13F Filing 2026-03-31 2026-04-24
HDB
HDFC BANK LTD
Financial Services 0.90% 1.37% #38 10
Prev: #28
0.9 -30,105 -3.1%
P
S
943,113 $23,464,252 2021 Q3 13F Filing 2026-03-31 2026-04-24
IQV
IQVIA HLDGS INC
Healthcare 0.84% 1.03% #39 1
Prev: #40
2.3 10,422 8.8%
P
S
128,999 $21,998,684 2021 Q4 13F Filing 2026-03-31 2026-04-24
SKY
CHAMPION HOMES ...
Consumer Cyclical 0.83% #40
Prev: #—
3.8 290,034 no change
NEW
290,034 $21,572,386 2026 Q1 13F Filing 2026-03-31 2026-04-24
RPRX
ROYALTY PHARMA ...
Healthcare 0.81% 0.58% #41 7
Prev: #48
2.3 52,702 13.6%
P
S
440,928 $21,151,035 2021 Q4 13F Filing 2026-03-31 2026-04-24
TJX
TJX COS INC NEW
Consumer Cyclical 0.80% 0.67% #42
Prev: #42
2.3 15,678 13.7%
P
S
129,869 $20,740,497 2021 Q3 13F Filing 2026-03-31 2026-04-24
NVST
ENVISTA HOLDING...
Healthcare 0.70% 0.53% #43 7
Prev: #50
2.3 85,670 13.4%
P
S
723,154 $18,346,417 2023 Q4 13F Filing 2026-03-31 2026-04-24
TSM
TAIWAN SEMICOND...
Technology 0.69% 0.51% #44 8
Prev: #52
2.8 9,713 22.3%
P
S
53,256 $18,030,887 2021 Q3 13F Filing 2026-03-31 2026-04-24
HCSG
HEALTHCARE SVCS...
Healthcare 0.69% 0.63% #45 1
Prev: #44
2.3 115,036 13.4%
P
S
971,467 $18,020,096 2021 Q4 13F Filing 2026-03-31 2026-04-24
CHRW
C H ROBINSON WO...
Industrials 0.68% 0.58% #46 1
Prev: #47
2.3 12,538 13.4%
P
S
105,963 $17,649,675 2021 Q3 13F Filing 2026-03-31 2026-04-24
NEM
NEWMONT CORP
Basic Materials 0.67% 0.61% #47 1
Prev: #46
0.8 1,557 1.0%
P
S
160,574 $17,381,829 2021 Q4 13F Filing 2026-03-31 2026-04-24
TFX
TELEFLEX INCORP...
Healthcare 0.66% 0.48% #48 7
Prev: #55
2.8 40,860 39.7%
P
S
143,754 $17,193,441 2021 Q4 13F Filing 2026-03-31 2026-04-24
BKR
BAKER HUGHES CO...
Energy 0.64% 0.42% #49 12
Prev: #61
2.3 32,608 13.5%
P
S
274,587 $16,763,362 2021 Q4 13F Filing 2026-03-31 2026-04-24
FCX
FREEPORT MCMORA...
Basic Materials 0.64% 0.47% #50 6
Prev: #56
2.3 44,230 18.5%
P
S
282,936 $16,631,195 2021 Q4 13F Filing 2026-03-31 2026-04-24
Showing 1-50 of 78 holdings

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