13F HOLDINGS REPORT
MARATHON CAPITAL MANAGEMENT
Quarter ended Q4 2025 · Filed January 29, 2026 · Accession 0001172661-26-000374
Total Value
$464.7M
Positions
171
Other Managers
0
Confidential Omitted
No
Holdings (171)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | PRICE T ROWE GROUP INC | TROW | 653,125 | $66.9M | 14.39% |
| 2 | CORNING INC | GLW | 185,415 | $16.2M | 3.49% |
| 3 | SPDR SERIES TRUST | 78468R663 | 161,415 | $14.8M | 3.17% |
| 4 | ASTRAZENECA PLC | AZN | 157,747 | $14.5M | 3.12% |
| 5 | ALPHABET INC | GOOG | 43,155 | $13.5M | 2.91% |
| 6 | APPLE INC | AAPL | 48,820 | $13.3M | 2.86% |
| 7 | TETRA TECHNOLOGIES INC DEL | 88162F105 | 1,191,195 | $11.2M | 2.40% |
| 8 | MICROSOFT CORP | MSFT | 22,942 | $11.1M | 2.39% |
| 9 | QUALCOMM INC | QCOM | 60,104 | $10.3M | 2.21% |
| 10 | DIAMONDBACK ENERGY INC | FANG | 62,678 | $9.4M | 2.03% |
| 11 | INTERNATIONAL BUSINESS MACHS | INTR | 31,648 | $9.4M | 2.02% |
| 12 | VANGUARD WHITEHALL FDS | 921946794 | 104,027 | $9.4M | 2.01% |
| 13 | CHEVRON CORP NEW | CVX | 58,759 | $9.0M | 1.93% |
| 14 | ADMA BIOLOGICS INC | ADMA | 465,315 | $8.5M | 1.83% |
| 15 | METLIFE INC | MET-PF | 103,653 | $8.2M | 1.76% |
| 16 | ALLISON TRANSMISSION HLDGS I | ALSN | 74,458 | $7.3M | 1.57% |
| 17 | AMAZON COM INC | AMZN | 30,257 | $7.0M | 1.50% |
| 18 | JPMORGAN CHASE & CO. | VYLD | 21,199 | $6.8M | 1.47% |
| 19 | REALTY INCOME CORP | O | 113,208 | $6.4M | 1.37% |
| 20 | COPA HOLDINGS SA | CPA | 51,553 | $6.2M | 1.34% |
| 21 | BUILDERS FIRSTSOURCE INC | BLDR | 59,153 | $6.1M | 1.31% |
| 22 | CECO ENVIRONMENTAL CORP | CECO | 101,685 | $6.1M | 1.31% |
| 23 | FIDELITY NATL INFORMATION SV | 31620M106 | 88,868 | $5.9M | 1.27% |
| 24 | SPROTT ASSET MANAGEMENT LP | SII | 125,100 | $5.7M | 1.23% |
| 25 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 11,319 | $5.7M | 1.22% |
| 26 | BARRICK MNG CORP | 06849F108 | 129,825 | $5.7M | 1.22% |
| 27 | ANI PHARMACEUTICALS INC | ANIP | 69,665 | $5.5M | 1.18% |
| 28 | WILLIS TOWERS WATSON PLC LTD | WTW | 16,580 | $5.4M | 1.17% |
| 29 | JOHNSON & JOHNSON | JNJ | 26,186 | $5.4M | 1.17% |
| 30 | DANAHER CORPORATION | 235851102 | 23,039 | $5.3M | 1.14% |
| 31 | ALMONTY INDS INC | 020398707 | 593,515 | $5.2M | 1.13% |
| 32 | ARCOSA INC | ACA | 47,525 | $5.1M | 1.09% |
| 33 | ADOBE INC | ADBE | 13,081 | $4.6M | 0.99% |
| 34 | ZETA GLOBAL HOLDINGS CORP | ZETA | 221,905 | $4.5M | 0.97% |
| 35 | ZOETIS INC | ZTS | 35,150 | $4.4M | 0.95% |
| 36 | SPDR GOLD TR | GLD | 10,988 | $4.4M | 0.94% |
| 37 | CALIX INC | CALX | 80,585 | $4.3M | 0.92% |
| 38 | NPK INTERNATIONAL INC | NPKI | 357,390 | $4.3M | 0.92% |
| 39 | NOVO-NORDISK A S | NONOF | 82,705 | $4.2M | 0.91% |
| 40 | ALPHATEC HLDGS INC | ATEC | 198,900 | $4.2M | 0.90% |
| 41 | HEALTHPEAK PROPERTIES INC | DOC | 247,542 | $4.0M | 0.86% |
| 42 | CHUBB LIMITED | CB | 12,740 | $4.0M | 0.86% |
| 43 | MERCK & CO INC | MRK | 33,665 | $3.5M | 0.76% |
| 44 | ARES CAPITAL CORP | ARCC | 164,845 | $3.3M | 0.72% |
| 45 | PAR TECHNOLOGY CORP | PAR | 76,835 | $2.8M | 0.60% |
| 46 | ELI LILLY & CO | LLY | 2,548 | $2.7M | 0.59% |
| 47 | ALPHABET INC | GOOG | 7,835 | $2.5M | 0.53% |
| 48 | MICRON TECHNOLOGY INC | MU | 8,295 | $2.4M | 0.51% |
| 49 | SYMBOTIC INC | SYM | 39,570 | $2.4M | 0.51% |
| 50 | PROCTER AND GAMBLE CO | 742718109 | 16,293 | $2.3M | 0.50% |
| 51 | SLB LIMITED | SLB | 58,735 | $2.3M | 0.49% |
| 52 | TARGA RES CORP | TRGP | 11,750 | $2.2M | 0.47% |
| 53 | DARLING INGREDIENTS INC | DAR | 55,775 | $2.0M | 0.43% |
| 54 | SPDR S&P 500 ETF TR | SPY | 2,851 | $1.9M | 0.42% |
| 55 | ENPHASE ENERGY INC | ENPH | 57,188 | $1.8M | 0.39% |
| 56 | VANECK ETF TRUST | 92189F106 | 18,861 | $1.6M | 0.35% |
| 57 | ABBVIE INC | ABBV | 6,957 | $1.6M | 0.34% |
| 58 | LOCKHEED MARTIN CORP | LMT | 2,885 | $1.4M | 0.30% |
| 59 | GLOBAL SELF STORAGE INC | SELF | 261,151 | $1.3M | 0.29% |
| 60 | EXPAND ENERGY CORPORATION | EXE | 11,911 | $1.3M | 0.28% |
| 61 | WELLS FARGO CO NEW | 949746804 | 1,034 | $1.3M | 0.27% |
| 62 | CINCINNATI FINL CORP | 172062101 | 7,513 | $1.2M | 0.26% |
| 63 | VERIZON COMMUNICATIONS INC | VZ | 29,929 | $1.2M | 0.26% |
| 64 | COCA COLA CO | KO | 17,327 | $1.2M | 0.26% |
| 65 | HUDSON TECHNOLOGIES INC | HDSN | 175,325 | $1.2M | 0.26% |
| 66 | EXXON MOBIL CORP | XOM | 9,808 | $1.2M | 0.25% |
| 67 | WEYERHAEUSER CO MTN BE | WY | 49,548 | $1.2M | 0.25% |
| 68 | NVIDIA CORPORATION | NVDA | 5,960 | $1.1M | 0.24% |
| 69 | ADVANCED MICRO DEVICES INC | AMD | 5,149 | $1.1M | 0.24% |
| 70 | HONEYWELL INTL INC | 438516106 | 5,610 | $1.1M | 0.24% |
| 71 | KORNIT DIGITAL LTD | KRNT | 72,405 | $1.0M | 0.22% |
| 72 | ANTERO RESOURCES CORP | AR | 30,000 | $1.0M | 0.22% |
| 73 | AMPLITUDE INC | AMPL | 88,600 | $1.0M | 0.22% |
| 74 | GE HEALTHCARE TECHNOLOGIES I | GEHC | 12,055 | $988,751 | 0.21% |
| 75 | PEPSICO INC | PEP | 6,371 | $914,366 | 0.20% |
| 76 | RTX CORPORATION | RTX | 4,957 | $909,073 | 0.20% |
| 77 | GE AEROSPACE | 369604301 | 2,945 | $907,148 | 0.20% |
| 78 | ROYAL GOLD INC | RGLD | 4,080 | $906,943 | 0.20% |
| 79 | ENBRIDGE INC | ENNPF | 18,575 | $888,442 | 0.19% |
| 80 | GLADSTONE LD CORP | 376549101 | 95,628 | $875,000 | 0.19% |
| 81 | AMGEN INC | AMGN | 2,592 | $848,246 | 0.18% |
| 82 | CRYOPORT INC | CYRX | 87,225 | $837,360 | 0.18% |
| 83 | ALLSTATE CORP | ALL-PJ | 3,923 | $816,572 | 0.18% |
| 84 | ISHARES SILVER TR | SLV | 12,525 | $806,861 | 0.17% |
| 85 | LOWES COS INC | 548661107 | 3,249 | $783,529 | 0.17% |
| 86 | SANMINA CORPORATION | SANM | 5,000 | $750,350 | 0.16% |
| 87 | LATTICE SEMICONDUCTOR CORP | LSCC | 10,100 | $743,158 | 0.16% |
| 88 | BROWN FORMAN CORP | BF-B | 28,006 | $729,836 | 0.16% |
| 89 | HOME DEPOT INC | HD | 2,079 | $715,384 | 0.15% |
| 90 | NUSCALE PWR CORP | NU | 50,000 | $708,500 | 0.15% |
| 91 | PROLOGIS INC. | PLDGP | 5,250 | $670,215 | 0.14% |
| 92 | MCDONALDS CORP | MCD | 2,150 | $657,111 | 0.14% |
| 93 | THERMO FISHER SCIENTIFIC INC | TMO | 1,127 | $653,040 | 0.14% |
| 94 | PNC FINL SVCS GROUP INC | 693475105 | 3,077 | $642,262 | 0.14% |
| 95 | FIRST CTZNS BANCSHARES INC D | 31946M103 | 295 | $633,123 | 0.14% |
| 96 | EOG RES INC | EOG | 5,791 | $608,113 | 0.13% |
| 97 | RECURSION PHARMACEUTICALS IN | RXRX | 144,595 | $591,394 | 0.13% |
| 98 | SSGA ACTIVE TR | 78470P812 | 23,595 | $590,846 | 0.13% |
| 99 | ABBOTT LABS | ABLZF | 4,705 | $589,502 | 0.13% |
| 100 | SOUTHERN CO | SOMN | 6,600 | $575,520 | 0.12% |
| 101 | CLEAR SECURE INC | YOU | 16,000 | $561,280 | 0.12% |
| 102 | EATON CORP PLC | ETN | 1,688 | $537,645 | 0.12% |
| 103 | TXO PARTNERS LP | TXO | 50,000 | $533,500 | 0.11% |
| 104 | DENTSPLY SIRONA INC | XRAY | 46,040 | $526,237 | 0.11% |
| 105 | SSGA ACTIVE TR | 78470P820 | 20,295 | $508,148 | 0.11% |
| 106 | CSX CORP | CSX | 13,548 | $491,115 | 0.11% |
| 107 | BANK AMERICA CORP | 060505682 | 390 | $488,280 | 0.11% |
| 108 | DUKE ENERGY CORP NEW | DUKB | 4,141 | $485,397 | 0.10% |
| 109 | POTLATCHDELTIC CORPORATION | 737630103 | 12,010 | $477,758 | 0.10% |
| 110 | BROADCOM INC | AVGO | 1,380 | $477,618 | 0.10% |
| 111 | RIO TINTO PLC | RTNTF | 5,831 | $466,655 | 0.10% |
| 112 | CISCO SYS INC | CSCO | 6,022 | $463,876 | 0.10% |
| 113 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 8,564 | $461,929 | 0.10% |
| 114 | ISHARES TR | 464287556 | 2,650 | $447,241 | 0.10% |
| 115 | GETTY RLTY CORP NEW | 374297109 | 16,340 | $447,226 | 0.10% |
| 116 | PFIZER INC | PFE | 16,983 | $422,878 | 0.09% |
| 117 | STRYKER CORPORATION | SYK | 1,181 | $415,086 | 0.09% |
| 118 | TAYLOR MORRISON HOME CORP | TMHC | 7,000 | $412,090 | 0.09% |
| 119 | STARBUCKS CORP | SBUX | 4,850 | $408,419 | 0.09% |
| 120 | NABORS INDUSTRIES LTD | NBRWF | 7,500 | $407,250 | 0.09% |
| 121 | COREBRIDGE FINL INC | 21871X109 | 13,385 | $403,825 | 0.09% |
| 122 | NEWMONT CORP | NEMCL | 4,042 | $403,594 | 0.09% |
| 123 | MAXLINEAR INC | MXL | 22,500 | $392,175 | 0.08% |
| 124 | CNX RES CORP | CNX | 10,000 | $367,700 | 0.08% |
| 125 | ELEVANCE HEALTH INC FORMERLY | ELV | 990 | $347,045 | 0.07% |
| 126 | CORPAY INC | CPAY | 1,137 | $342,157 | 0.07% |
| 127 | ONEOK INC NEW | OKE | 4,300 | $316,050 | 0.07% |
| 128 | CAPITAL ONE FINL CORP | 14040H105 | 1,299 | $314,826 | 0.07% |
| 129 | KEYSIGHT TECHNOLOGIES INC | KEYS | 1,529 | $310,678 | 0.07% |
| 130 | DISNEY WALT CO | 254687106 | 2,728 | $310,365 | 0.07% |
| 131 | F N B CORP | 302520101 | 18,000 | $307,800 | 0.07% |
| 132 | EA SERIES TRUST | 02072L425 | 8,510 | $307,550 | 0.07% |
| 133 | ROYALTY PHARMA PLC | RPRX | 7,598 | $293,587 | 0.06% |
| 134 | OLD DOMINION FREIGHT LINE IN | ODFL | 1,817 | $284,906 | 0.06% |
| 135 | TOLL BROTHERS INC | TOL | 2,075 | $280,582 | 0.06% |
| 136 | MARATHON PETE CORP | MARA | 1,700 | $276,471 | 0.06% |
| 137 | RBB FD INC | 74933W601 | 3,851 | $276,368 | 0.06% |
| 138 | EMERSON ELEC CO | EMR | 2,067 | $274,332 | 0.06% |
| 139 | T ROWE PRICE ETF INC | 87283Q867 | 6,825 | $260,852 | 0.06% |
| 140 | MEDTRONIC PLC | MDT | 2,714 | $260,707 | 0.06% |
| 141 | NEXTERA ENERGY INC | NEE-PW | 3,159 | $253,605 | 0.05% |
| 142 | VANGUARD SPECIALIZED FUNDS | 921908844 | 1,144 | $251,428 | 0.05% |
| 143 | AT&T INC | T-PC | 9,857 | $244,844 | 0.05% |
| 144 | HILLMAN SOLUTIONS CORP | HLMN | 28,150 | $243,779 | 0.05% |
| 145 | NORTHROP GRUMMAN CORP | NOC | 407 | $232,075 | 0.05% |
| 146 | ULTA BEAUTY INC | ULTA | 381 | $230,509 | 0.05% |
| 147 | THE CIGNA GROUP | 125523100 | 822 | $226,239 | 0.05% |
| 148 | VANGUARD INDEX FDS | 922908363 | 360 | $225,767 | 0.05% |
| 149 | 3M CO | MMM | 1,406 | $225,101 | 0.05% |
| 150 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,163 | $222,784 | 0.05% |
| 151 | AMERICAN EXPRESS CO | AXP | 600 | $221,970 | 0.05% |
| 152 | MAGNOLIA OIL & GAS CORP | MGY | 10,000 | $218,900 | 0.05% |
| 153 | GLOBAL X FDS | 37954Y830 | 3,049 | $218,888 | 0.05% |
| 154 | GE VERNOVA INC | GEV | 330 | $215,678 | 0.05% |
| 155 | AMERIPRISE FINL INC | 03076C106 | 435 | $213,298 | 0.05% |
| 156 | FACTSET RESH SYS INC | 303075105 | 730 | $211,839 | 0.05% |
| 157 | AECOM | ACM | 2,155 | $205,436 | 0.04% |
| 158 | VISA INC | V | 584 | $204,815 | 0.04% |
| 159 | INVESCO QQQ TR | IVZ | 331 | $203,337 | 0.04% |
| 160 | CLEVELAND-CLIFFS INC NEW | CLF | 15,000 | $199,200 | 0.04% |
| 161 | ONDAS HLDGS INC | ONDS | 17,625 | $172,020 | 0.04% |
| 162 | LIGHTPATH TECHNOLOGIES INC | LPTH | 11,250 | $121,500 | 0.03% |
| 163 | MARCHEX INC | MCHX | 61,500 | $102,090 | 0.02% |
| 164 | IDENTIV INC | INVE | 21,000 | $80,640 | 0.02% |
| 165 | DYADIC INTL INC DEL | 26745T101 | 85,000 | $79,900 | 0.02% |
| 166 | KOPIN CORP | KOPN | 30,000 | $70,200 | 0.02% |
| 167 | COMSTOCK INC | LODE | 17,500 | $65,800 | 0.01% |
| 168 | BARFRESH FOOD GROUP INC | BRFH | 15,384 | $45,075 | 0.01% |
| 169 | AIRGAIN INC | AIRG | 11,000 | $44,660 | 0.01% |
| 170 | NANO DIMENSION LTD | NNDM | 20,000 | $30,800 | 0.01% |
| 171 | BIT DIGITAL INC | BTBT | 15,000 | $28,350 | 0.01% |