MARA β€” MARATHON DIGITAL HOLDINGS IN

Ownership history in Second Line Capital, LLC  Β·  7 quarters on record

This page tracks every 13F SEC filing in which Second Line Capital, LLC reported a position in MARATHON DIGITAL HOLDINGS IN (MARA). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
1.24% (2024 Q2)
πŸ“Š Avg. % of fund
0.88%
πŸ“… First filed
2024 Q2
πŸ“… Last filed
2025 Q4
⏱ Quarters held
7

Position Intelligence

Second Line Capital, LLC Γ— MARA AI Analytics

πŸ“‰ Second Line Capital, LLC underperformed the S&P 500 by –36.7% annually on this MARA position. Timing score: 25% (1/4 decisions correct). Average cost basis: $17.01. Maximum drawdown during holding period: –50.8%.

πŸ“ˆ Position Alpha vs SPY
-36.7%
annualised excess return

❌ Significantly underperformed the S&P 500 by 36.7% ann.
5 quarters analyzed

⏱️ Timing Score
25%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
1 of 4 add/trim decisions correct

πŸ’° Entry Quality
$17.01
-47.2% vs current ($8.98)

Best entry: $15.68 (2025 Q2)  Β·  Worst: $18.26 (2025 Q3)

πŸ›‘οΈ Drawdown Resilience
–50.8%
max drawdown while held

πŸ’ͺ Held through 2 major drawdowns (>20%).

πŸ’ͺ Fund Conviction
67%
buy-side decisions

4 adds Β· 2 trims. Bought during 0 of 2 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 0.46% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    MARA price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 7 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 REDUCED 248,887 -109 -0.0% 0.46% $2.2M $8.98
2025 Q3 ADDED 248,996 +11,747 +5.0% 0.94% $4.5M $18.26
2025 Q2 ADDED 237,249 +6,139 +2.7% 0.86% $3.7M $15.68
2025 Q1 REDUCED 231,110 -33 -0.0% 0.68% $2.7M $11.50
2024 Q4 ADDED 231,143 +26,633 +13.0% 1.05% $3.9M $16.77
2024 Q3 UNCHANGED 204,510 β€” 0% 0.90% $3.3M $16.22
2024 Q2 INITIATED 204,510 β€” β€” 1.24% $4.1M β€”
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