13F HOLDINGS REPORT
MARATHON CAPITAL MANAGEMENT
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001172661-25-003317
Total Value
$392.6M
Positions
166
Other Managers
0
Confidential Omitted
No
Holdings (166)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PRICE T ROWE GROUP INC | TROW | 708,145 | $68.3M | 17.40% |
| 2 | MICROSOFT CORP | MSFT | 24,450 | $12.2M | 3.10% |
| 3 | ASTRAZENECA PLC | AZN | 163,405 | $11.4M | 2.91% |
| 4 | CORNING INC | GLW | 209,817 | $11.0M | 2.81% |
| 5 | APPLE INC | AAPL | 53,349 | $10.9M | 2.79% |
| 6 | QUALCOMM INC | QCOM | 60,709 | $9.7M | 2.46% |
| 7 | INTERNATIONAL BUSINESS MACHS | INTR | 31,852 | $9.4M | 2.39% |
| 8 | CHEVRON CORP NEW | CVX | 60,725 | $8.7M | 2.21% |
| 9 | METLIFE INC | MET-PF | 106,787 | $8.6M | 2.19% |
| 10 | DIAMONDBACK ENERGY INC | FANG | 60,689 | $8.3M | 2.12% |
| 11 | VANGUARD WHITEHALL FDS | 921946794 | 102,167 | $8.2M | 2.08% |
| 12 | COPA HOLDINGS SA | CPA | 72,698 | $8.0M | 2.04% |
| 13 | ALPHABET INC | GOOG | 44,738 | $7.9M | 2.02% |
| 14 | FIDELITY NATL INFORMATION SV | 31620M106 | 90,556 | $7.4M | 1.88% |
| 15 | ALLISON TRANSMISSION HLDGS I | ALSN | 75,528 | $7.2M | 1.83% |
| 16 | BUILDERS FIRSTSOURCE INC | BLDR | 57,727 | $6.7M | 1.72% |
| 17 | AMAZON COM INC | AMZN | 30,386 | $6.7M | 1.70% |
| 18 | REALTY INCOME CORP | O | 109,510 | $6.3M | 1.61% |
| 19 | JPMORGAN CHASE & CO. | VYLD | 21,276 | $6.2M | 1.57% |
| 20 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 11,346 | $5.5M | 1.40% |
| 21 | WILLIS TOWERS WATSON PLC LTD | WTW | 16,923 | $5.2M | 1.32% |
| 22 | ADMA BIOLOGICS INC | ADMA | 283,690 | $5.2M | 1.32% |
| 23 | CALIX INC | CALX | 96,635 | $5.1M | 1.31% |
| 24 | ANI PHARMACEUTICALS INC | ANIP | 72,025 | $4.7M | 1.20% |
| 25 | DANAHER CORPORATION | 235851102 | 23,449 | $4.6M | 1.18% |
| 26 | HEALTHPEAK PROPERTIES INC | DOC | 263,627 | $4.6M | 1.18% |
| 27 | TETRA TECHNOLOGIES INC DEL | 88162F105 | 1,341,645 | $4.5M | 1.15% |
| 28 | JOHNSON & JOHNSON | JNJ | 29,209 | $4.5M | 1.14% |
| 29 | SCHLUMBERGER LTD | SLB | 131,882 | $4.5M | 1.14% |
| 30 | ARCOSA INC | ACA | 47,745 | $4.1M | 1.05% |
| 31 | SYMBOTIC INC | SYM | 106,170 | $4.1M | 1.05% |
| 32 | SPROTT PHYSICAL GOLD & SILVE | SII | 131,975 | $4.0M | 1.01% |
| 33 | ARES CAPITAL CORP | ARCC | 161,265 | $3.5M | 0.90% |
| 34 | SPDR SERIES TRUST | 78468R663 | 38,045 | $3.5M | 0.89% |
| 35 | SPDR GOLD TR | GLD | 11,378 | $3.5M | 0.88% |
| 36 | ZETA GLOBAL HOLDINGS CORP | ZETA | 222,510 | $3.4M | 0.88% |
| 37 | NPK INTERNATIONAL INC | NPKI | 395,850 | $3.4M | 0.86% |
| 38 | CHUBB LIMITED | CB | 10,740 | $3.1M | 0.79% |
| 39 | BARRICK MNG CORP | 06849F108 | 146,420 | $3.0M | 0.78% |
| 40 | CECO ENVIRONMENTAL CORP | CECO | 103,930 | $2.9M | 0.75% |
| 41 | MERCK & CO INC | MRK | 34,527 | $2.7M | 0.70% |
| 42 | PROCTER AND GAMBLE CO | 742718109 | 16,745 | $2.7M | 0.68% |
| 43 | ALPHATEC HLDGS INC | ATEC | 231,375 | $2.6M | 0.65% |
| 44 | PFIZER INC | PFE | 99,510 | $2.4M | 0.61% |
| 45 | ENPHASE ENERGY INC | ENPH | 55,833 | $2.2M | 0.56% |
| 46 | DARLING INGREDIENTS INC | DAR | 56,685 | $2.2M | 0.55% |
| 47 | TARGA RES CORP | TRGP | 11,975 | $2.1M | 0.53% |
| 48 | HUDSON TECHNOLOGIES INC | HDSN | 249,450 | $2.0M | 0.52% |
| 49 | ELI LILLY & CO | LLY | 2,576 | $2.0M | 0.51% |
| 50 | KORNIT DIGITAL LTD | KRNT | 93,080 | $1.9M | 0.47% |
| 51 | GLOBAL SELF STORAGE INC | SELF | 333,414 | $1.8M | 0.45% |
| 52 | GLADSTONE LD CORP | 376549101 | 143,162 | $1.5M | 0.37% |
| 53 | BANK AMERICA CORP | 060505682 | 1,148 | $1.4M | 0.35% |
| 54 | WEYERHAEUSER CO MTN BE | WY | 53,906 | $1.4M | 0.35% |
| 55 | EXPAND ENERGY CORPORATION | EXE | 11,664 | $1.4M | 0.35% |
| 56 | HONEYWELL INTL INC | 438516106 | 5,745 | $1.3M | 0.34% |
| 57 | ALPHABET INC | GOOG | 7,435 | $1.3M | 0.33% |
| 58 | WELLS FARGO CO NEW | 949746804 | 1,047 | $1.2M | 0.31% |
| 59 | VERIZON COMMUNICATIONS INC | VZ | 28,401 | $1.2M | 0.31% |
| 60 | COCA COLA CO | KO | 17,220 | $1.2M | 0.31% |
| 61 | ANTERO RESOURCES CORP | AR | 30,000 | $1.2M | 0.31% |
| 62 | ABBVIE INC | ABBV | 6,279 | $1.2M | 0.30% |
| 63 | MICRON TECHNOLOGY INC | MU | 9,427 | $1.2M | 0.30% |
| 64 | VANECK ETF TRUST | 92189F106 | 21,571 | $1.1M | 0.29% |
| 65 | CINCINNATI FINL CORP | 172062101 | 7,538 | $1.1M | 0.29% |
| 66 | EXXON MOBIL CORP | XOM | 9,349 | $1.0M | 0.26% |
| 67 | PAR TECHNOLOGY CORP | PAR | 13,990 | $970,486 | 0.25% |
| 68 | NVIDIA CORPORATION | NVDA | 6,060 | $957,419 | 0.24% |
| 69 | SPDR S&P 500 ETF TR | SPY | 1,535 | $948,400 | 0.24% |
| 70 | CRYOPORT INC | CYRX | 121,725 | $908,069 | 0.23% |
| 71 | GE HEALTHCARE TECHNOLOGIES I | GEHC | 12,054 | $892,840 | 0.23% |
| 72 | PEPSICO INC | PEP | 6,446 | $851,130 | 0.22% |
| 73 | FIRST CTZNS BANCSHARES INC N | 31946M103 | 425 | $831,500 | 0.21% |
| 74 | ENBRIDGE INC | ENNPF | 18,000 | $815,760 | 0.21% |
| 75 | ALLSTATE CORP | ALL-PJ | 3,948 | $794,772 | 0.20% |
| 76 | ADVANCED MICRO DEVICES INC | AMD | 5,149 | $730,643 | 0.19% |
| 77 | ROYAL GOLD INC | RGLD | 4,092 | $727,738 | 0.19% |
| 78 | RECURSION PHARMACEUTICALS IN | RXRX | 141,895 | $717,989 | 0.18% |
| 79 | SAREPTA THERAPEUTICS INC | SRPT | 41,575 | $710,933 | 0.18% |
| 80 | HILLMAN SOLUTIONS CORP | HLMN | 98,801 | $705,439 | 0.18% |
| 81 | GE AEROSPACE | 369604301 | 2,709 | $697,270 | 0.18% |
| 82 | HOME DEPOT INC | HD | 1,879 | $688,917 | 0.18% |
| 83 | LOWES COS INC | 548661107 | 3,054 | $677,591 | 0.17% |
| 84 | ABBOTT LABS | ABLZF | 4,765 | $648,068 | 0.17% |
| 85 | RTX CORPORATION | RTX | 4,429 | $646,719 | 0.16% |
| 86 | PNC FINL SVCS GROUP INC | 693475105 | 3,441 | $641,471 | 0.16% |
| 87 | SSGA ACTIVE TR | 78470P812 | 25,471 | $636,964 | 0.16% |
| 88 | MCDONALDS CORP | MCD | 2,080 | $607,719 | 0.15% |
| 89 | EATON CORP PLC | ETN | 1,685 | $601,528 | 0.15% |
| 90 | PROLOGIS INC. | PLDGP | 5,250 | $551,880 | 0.14% |
| 91 | SSGA ACTIVE TR | 78470P820 | 21,637 | $542,879 | 0.14% |
| 92 | CLEAR SECURE INC | YOU | 19,000 | $527,440 | 0.13% |
| 93 | TXO PARTNERS LP | TXO | 35,000 | $526,400 | 0.13% |
| 94 | LATTICE SEMICONDUCTOR CORP | LSCC | 10,145 | $497,004 | 0.13% |
| 95 | SANMINA CORPORATION | SANM | 5,000 | $489,150 | 0.12% |
| 96 | BXP INC | BXP | 6,999 | $472,206 | 0.12% |
| 97 | THERMO FISHER SCIENTIFIC INC | TMO | 1,127 | $456,953 | 0.12% |
| 98 | COREBRIDGE FINL INC | 21871X109 | 12,785 | $453,868 | 0.12% |
| 99 | STARBUCKS CORP | SBUX | 4,940 | $452,652 | 0.12% |
| 100 | CSX CORP | CSX | 13,548 | $442,071 | 0.11% |
| 101 | POTLATCHDELTIC CORPORATION | 737630103 | 11,520 | $442,022 | 0.11% |
| 102 | GETTY RLTY CORP NEW | 374297109 | 15,590 | $430,908 | 0.11% |
| 103 | TAYLOR MORRISON HOME CORP | TMHC | 7,000 | $429,940 | 0.11% |
| 104 | STRYKER CORPORATION | SYK | 1,081 | $427,676 | 0.11% |
| 105 | CISCO SYS INC | CSCO | 6,144 | $426,272 | 0.11% |
| 106 | ISHARES SILVER TR | SLV | 12,940 | $424,561 | 0.11% |
| 107 | ISHARES TR | 464287556 | 3,315 | $419,381 | 0.11% |
| 108 | DENTSPLY SIRONA INC | XRAY | 25,575 | $406,131 | 0.10% |
| 109 | BROADCOM INC | AVGO | 1,455 | $401,071 | 0.10% |
| 110 | RIO TINTO PLC | RTNTF | 6,615 | $385,853 | 0.10% |
| 111 | DISNEY WALT CO | 254687106 | 3,038 | $376,742 | 0.10% |
| 112 | DUKE ENERGY CORP NEW | DUKB | 3,172 | $374,296 | 0.10% |
| 113 | ONEOK INC NEW | OKE | 4,450 | $363,254 | 0.09% |
| 114 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 7,809 | $361,467 | 0.09% |
| 115 | CNX RES CORP | CNX | 10,000 | $336,800 | 0.09% |
| 116 | MAXLINEAR INC | MXL | 22,500 | $319,725 | 0.08% |
| 117 | AMGEN INC | AMGN | 1,138 | $317,741 | 0.08% |
| 118 | T ROWE PRICE ETF INC | 87283Q867 | 8,775 | $309,582 | 0.08% |
| 119 | CAPITAL ONE FINL CORP | 14040H105 | 1,409 | $299,779 | 0.08% |
| 120 | GLOBAL X FDS | 37954Y830 | 6,594 | $296,730 | 0.08% |
| 121 | MARATHON PETE CORP | MARA | 1,700 | $282,387 | 0.07% |
| 122 | EA SERIES TRUST | 02072L425 | 8,520 | $281,043 | 0.07% |
| 123 | EMERSON ELEC CO | EMR | 2,067 | $275,593 | 0.07% |
| 124 | THE CIGNA GROUP | 125523100 | 822 | $271,737 | 0.07% |
| 125 | RBB FD INC | 74933W601 | 4,126 | $266,151 | 0.07% |
| 126 | F N B CORP | 302520101 | 18,000 | $262,440 | 0.07% |
| 127 | HERSHEY CO | HSY | 1,555 | $258,052 | 0.07% |
| 128 | PHILIP MORRIS INTL INC | 718172109 | 1,412 | $257,168 | 0.07% |
| 129 | KEYSIGHT TECHNOLOGIES INC | KEYS | 1,529 | $250,542 | 0.06% |
| 130 | GLOBAL X FDS | 37954Y871 | 6,430 | $249,548 | 0.06% |
| 131 | CIVITAS RESOURCES INC | 17888H103 | 9,040 | $248,781 | 0.06% |
| 132 | NEWMONT CORP | NEMCL | 4,242 | $247,139 | 0.06% |
| 133 | WABTEC | 929740108 | 1,169 | $244,730 | 0.06% |
| 134 | VANGUARD INDEX FDS | 922908363 | 430 | $244,253 | 0.06% |
| 135 | VANGUARD SPECIALIZED FUNDS | 921908844 | 1,169 | $239,259 | 0.06% |
| 136 | LOCKHEED MARTIN CORP | LMT | 511 | $236,665 | 0.06% |
| 137 | AMERIPRISE FINL INC | 03076C106 | 435 | $232,173 | 0.06% |
| 138 | ISHARES TR | 46434VBD1 | 9,175 | $231,027 | 0.06% |
| 139 | CANADIAN PACIFIC KANSAS CITY | CP | 2,884 | $228,615 | 0.06% |
| 140 | MAGNOLIA OIL & GAS CORP | MGY | 10,000 | $224,800 | 0.06% |
| 141 | TOAST INC | TOST | 5,000 | $221,450 | 0.06% |
| 142 | INVESCO QQQ TR | IVZ | 400 | $220,656 | 0.06% |
| 143 | NEXTERA ENERGY INC | NEE-PW | 3,159 | $219,298 | 0.06% |
| 144 | 3M CO | MMM | 1,406 | $214,049 | 0.05% |
| 145 | NABORS INDUSTRIES LTD | NBRWF | 7,500 | $210,150 | 0.05% |
| 146 | VISA INC | V | 584 | $207,349 | 0.05% |
| 147 | CARRIER GLOBAL CORPORATION | CARR | 2,807 | $205,477 | 0.05% |
| 148 | KRAFT HEINZ CO | KHC | 7,900 | $203,978 | 0.05% |
| 149 | NORTHROP GRUMMAN CORP | NOC | 407 | $203,492 | 0.05% |
| 150 | ISHARES TR | 46435GAA0 | 8,375 | $203,094 | 0.05% |
| 151 | ISHARES TR | 46435UAA9 | 8,300 | $201,441 | 0.05% |
| 152 | SERVICENOW INC | NOW | 195 | $200,476 | 0.05% |
| 153 | WASTE MGMT INC DEL | 94106L109 | 875 | $200,218 | 0.05% |
| 154 | IDENTIV INC | INVE | 60,450 | $197,067 | 0.05% |
| 155 | FRONTLINE PLC | FRO | 10,000 | $164,100 | 0.04% |
| 156 | ACCURAY INC | ARAY | 100,000 | $137,000 | 0.03% |
| 157 | MARCHEX INC | MCHX | 54,000 | $116,640 | 0.03% |
| 158 | CLEVELAND-CLIFFS INC NEW | CLF | 15,000 | $114,000 | 0.03% |
| 159 | EVOLV TECHNOLOGIES HLDNGS IN | EVLVW | 12,500 | $78,000 | 0.02% |
| 160 | ONDAS HLDGS INC | ONDS | 38,500 | $73,920 | 0.02% |
| 161 | LIGHTPATH TECHNOLOGIES INC | LPTH | 17,500 | $53,900 | 0.01% |
| 162 | BARFRESH FOOD GROUP INC | BRFH | 15,384 | $52,613 | 0.01% |
| 163 | COMSTOCK INC | LODE | 13,500 | $51,165 | 0.01% |
| 164 | KOPIN CORP | KOPN | 30,000 | $45,900 | 0.01% |
| 165 | AIRGAIN INC | AIRG | 10,000 | $41,500 | 0.01% |
| 166 | NANO DIMENSION LTD | NNDM | 20,000 | $32,400 | 0.01% |