1y return+27.0%S&P 500 +20.9%
3y return+31.6%S&P 500 +68.5%
5y return+0.6%S&P 500 +74.5%
10y return+144.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $245 against $357 in the S&P 500.2
Marathon Capital ManagementS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TROWPrice T Rowe Group Inc | $66.0M | 13.4% | −9.1% |
| GLWCorning Inc | $23.7M | 4.8% | −11.6% |
| BILSpdr Series Trust | $19.3M | 3.9% | +7.8% |
| GOOGAlphabet Inc | $14.6M | 3.0% | −2.0% |
| AMZNAmazon Com Inc | $13.5M | 2.7% | +1.7% |
| AAPLApple Inc | $12.3M | 2.5% | −12.9% |
| Astrazeneca PLCCUSIP G0593M107 | $12.3M | 2.5% | |
| TTITetra Technologies Inc Del | $10.9M | 2.2% | −1.7% |
| VYMIVanguard Whitehall Fds | $10.3M | 2.1% | |
| ZSZscaler Inc | $9.3M | 1.9% | |
| MSFTMicrosoft Corp | $8.9M | 1.8% | +5.1% |
| IBMInternational Business Machs | $8.8M | 1.8% | |
| METMetlife Inc | $8.7M | 1.8% | |
| CECOCeco Environmental Corp | $8.7M | 1.8% | −2.9% |
| ALMAlmonty Inds Inc | $8.6M | 1.8% | −1.3% |
| ALSNAllison Transmission Hldgs I | $8.1M | 1.6% | |
| FANGDiamondback Energy Inc | $7.8M | 1.6% | −7.9% |
| JPMJpmorgan Chase & Co | $6.9M | 1.4% | |
| CVXChevron Corporation | $6.9M | 1.4% | −15.3% |
| ORealty Income Corp | $6.9M | 1.4% | |
| BLDRBuilders Firstsource Inc | $6.6M | 1.3% | +25.9% |
| ACAArcosa Inc | $6.6M | 1.3% | |
| FISFidelity Natl Information Sv | $6.5M | 1.3% | +6.9% |
| WAYWaystar Hldg Corp | $6.5M | 1.3% | New |
| JNJJohnson & Johnson | $6.4M | 1.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TTITetra Technologies Inc Del | June 30, 2020 | +2019.3% | $10.9M |
| CECOCeco Environmental Corp | June 30, 2021 | +1167.3% | $8.7M |
| GLWCorning Inc | June 30, 2020 | +886.1% | $23.7M |
| ACAArcosa Inc | June 30, 2020 | +244.3% | $6.6M |
| GOOGAlphabet Inc | June 30, 2022 | +223.0% | $14.6M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $12.3M |
| JPMJpmorgan Chase & Co | June 30, 2022 | +190.7% | $6.9M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $4.7M |
| ALSNAllison Transmission Hldgs I | March 31, 2021 | +176.1% | $8.1M |
| ALMAlmonty Inds Inc | September 30, 2025 | +174.6% | $8.6M |
Sold off last quarter
- ADBEAdobe Inc was $3.2M
- Honeywell Intl IncCUSIP 438516106 was $1.2M
- AMPLAmplitude Inc was $1.2M
- RIORio Tinto PLC was $434K
- RYNRayonier Inc was $413K
- KRMNKarman Hldgs Inc was $288K
- TCAFT Rowe Price Etf Inc was $243K
- HLMNHillman Solutions Corp was $218K
- VOOVanguard Index Fds was $200K
- INVEIdentiv Inc was $57K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.2% | +14.8% |
| March 31, 2026 | −1.8% | −4.6% |
| December 31, 2025 | +5.6% | +2.4% |
| September 30, 2025 | +10.1% | +7.8% |
| June 30, 2025 | +3.1% | +10.5% |
| March 31, 2025 | −5.7% | −4.6% |
| December 31, 2024 | −1.6% | +2.1% |
| September 30, 2024 | +2.9% | +5.4% |
| June 30, 2024 | −3.8% | +4.0% |
| March 31, 2024 | +8.5% | +10.0% |
| December 31, 2023 | +4.2% | +11.2% |
| September 30, 2023 | −3.2% | −3.6% |
| June 30, 2023 | +2.4% | +8.3% |
| March 31, 2023 | +1.5% | +7.0% |
| December 31, 2022 | +6.6% | +7.1% |
| September 30, 2022 | −4.4% | −5.3% |
| June 30, 2022 | −18.5% | −16.5% |
| March 31, 2022 | −10.9% | −4.9% |
| December 31, 2021 | +3.8% | +10.7% |
| September 30, 2021 | −4.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Marathon Capital Management Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1213206&type=13F-HR&dateb=&owner=include&count=40CIK 1213206
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1213206/000117266126002744/Filed July 22, 2026 · accession 0001172661-26-002744