13F HOLDINGS REPORT
Marathon Asset Management Ltd
Quarter ended Q2 2025 · Filed August 11, 2025 · Accession 0001861026-25-000012
Total Value
$3.12B
Positions
79
Other Managers
0
Confidential Omitted
No
Holdings (79)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CNH INDL N V | N20944109 | 13,051,997 | $169.2M | 5.43% |
| 2 | AMAZON COM INC | AMZN | 618,952 | $135.8M | 4.36% |
| 3 | MICROSOFT CORP | MSFT | 229,799 | $114.3M | 3.67% |
| 4 | COCA-COLA EUROPACIFIC PARTNE | CCEP | 1,180,082 | $109.4M | 3.51% |
| 5 | ELEVANCE HEALTH INC | ELV | 263,536 | $102.5M | 3.29% |
| 6 | META PLATFORMS INC | META | 135,919 | $100.3M | 3.22% |
| 7 | BROOKFIELD CORP | 11271J107 | 1,473,859 | $91.0M | 2.92% |
| 8 | ALPHABET INC | GOOG | 513,833 | $90.6M | 2.90% |
| 9 | FISERV INC | FISV | 523,415 | $90.2M | 2.89% |
| 10 | SOUTHERN COPPER CORP | SCCO | 706,405 | $71.5M | 2.29% |
| 11 | ORACLE CORP | ORCL-PD | 315,058 | $68.9M | 2.21% |
| 12 | BANK NOVA SCOTIA HALIFAX | 064149107 | 1,231,192 | $68.0M | 2.18% |
| 13 | NVIDIA CORPORATION | NVDA | 422,520 | $66.8M | 2.14% |
| 14 | TRANSUNION | TRU | 745,626 | $65.6M | 2.10% |
| 15 | MARKEL GROUP INC | MKL | 32,631 | $65.2M | 2.09% |
| 16 | VISA INC | V | 182,670 | $64.9M | 2.08% |
| 17 | PAYCOM SOFTWARE INC | PAYC | 268,285 | $62.1M | 1.99% |
| 18 | TENCENT MUSIC ENTMT GROUP | XHLD | 3,039,699 | $59.2M | 1.90% |
| 19 | CANADIAN NAT RES LTD | 136385101 | 1,790,155 | $56.9M | 1.83% |
| 20 | VIPSHOP HLDGS LTD | VIPS | 3,720,388 | $56.0M | 1.80% |
| 21 | MASTERCARD INCORPORATED | MA | 95,230 | $53.7M | 1.72% |
| 22 | FRANCO NEV CORP | FNV | 324,920 | $53.2M | 1.71% |
| 23 | MICRON TECHNOLOGY INC | MU | 426,551 | $52.6M | 1.69% |
| 24 | THERMO FISHER SCIENTIFIC INC | TMO | 122,721 | $49.8M | 1.60% |
| 25 | CANADIAN PACIFIC KANSAS CITY | CP | 595,344 | $47.3M | 1.52% |
| 26 | COPA HOLDINGS SA | CPA | 402,752 | $44.3M | 1.42% |
| 27 | PROGRESSIVE CORP | 743315103 | 165,438 | $44.1M | 1.42% |
| 28 | CME GROUP INC | CME | 159,347 | $43.9M | 1.41% |
| 29 | AUTODESK INC | ADSK | 137,540 | $42.6M | 1.37% |
| 30 | CEMEX SAB DE CV | CXMSF | 6,094,171 | $42.2M | 1.35% |
| 31 | GILDAN ACTIVEWEAR INC | GIL | 838,247 | $41.2M | 1.32% |
| 32 | ALPHABET INC | GOOG | 231,752 | $41.1M | 1.32% |
| 33 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 719,904 | $39.9M | 1.28% |
| 34 | HDFC BANK LTD | HDB | 512,976 | $39.7M | 1.27% |
| 35 | ATS CORPORATION | ATS | 1,234,961 | $39.3M | 1.26% |
| 36 | LAUREATE EDUCATION INC | LAUR | 1,619,086 | $37.9M | 1.21% |
| 37 | ALIGN TECHNOLOGY INC | ALGN | 189,319 | $35.8M | 1.15% |
| 38 | OPENLANE INC | OPLN | 1,449,965 | $35.5M | 1.14% |
| 39 | BOOKING HOLDINGS INC | BKNG | 5,823 | $33.7M | 1.08% |
| 40 | ADOBE INC | ADBE | 86,191 | $33.3M | 1.07% |
| 41 | S&P GLOBAL INC | SPGI | 57,074 | $30.1M | 0.97% |
| 42 | IQVIA HLDGS INC | IQV | 169,261 | $26.7M | 0.86% |
| 43 | LYONDELLBASELL INDUSTRIES N | LYB | 430,029 | $24.9M | 0.80% |
| 44 | TJX COS INC NEW | 872540109 | 172,010 | $21.2M | 0.68% |
| 45 | ROYALTY PHARMA PLC | RPRX | 579,621 | $20.9M | 0.67% |
| 46 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 367,324 | $20.3M | 0.65% |
| 47 | DOLLAR TREE INC | DLTR | 194,941 | $19.3M | 0.62% |
| 48 | HEALTHCARE SVCS GROUP INC | 421906108 | 1,275,230 | $19.2M | 0.61% |
| 49 | ENVISTA HOLDINGS CORPORATION | NVST | 950,007 | $18.6M | 0.60% |
| 50 | AIR LEASE CORP | AIIR | 301,202 | $17.7M | 0.57% |
| 51 | NEWMONT CORP | NEMCL | 301,443 | $17.6M | 0.56% |
| 52 | HENRY SCHEIN INC | HSIC | 233,417 | $17.1M | 0.55% |
| 53 | FREEPORT-MCMORAN INC | FCX | 361,749 | $15.7M | 0.50% |
| 54 | ARCHER DANIELS MIDLAND CO | ADM | 292,275 | $15.4M | 0.49% |
| 55 | SEALED AIR CORP NEW | SE | 493,489 | $15.3M | 0.49% |
| 56 | NLIGHT INC | LASR | 736,066 | $14.5M | 0.46% |
| 57 | WESCO INTL INC | 95082P105 | 78,120 | $14.5M | 0.46% |
| 58 | BIO RAD LABS INC | 090572207 | 59,811 | $14.4M | 0.46% |
| 59 | BAKER HUGHES COMPANY | BKR | 360,468 | $13.8M | 0.44% |
| 60 | WABTEC | 929740108 | 65,943 | $13.8M | 0.44% |
| 61 | C H ROBINSON WORLDWIDE INC | CHRW | 139,122 | $13.4M | 0.43% |
| 62 | WILLSCOT MOBIL MINI HLDNG CO | WSC | 463,269 | $12.7M | 0.41% |
| 63 | VAIL RESORTS INC | MTN | 79,090 | $12.6M | 0.40% |
| 64 | DONNELLEY FINL SOLUTIONS INC | 25787G100 | 202,824 | $12.5M | 0.40% |
| 65 | ROGERS CORP | ROG | 175,937 | $12.0M | 0.39% |
| 66 | WELLS FARGO CO NEW | 949746101 | 149,026 | $11.9M | 0.38% |
| 67 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 52,253 | $11.9M | 0.38% |
| 68 | VONTIER CORPORATION | VNT | 308,863 | $11.4M | 0.37% |
| 69 | AXALTA COATING SYS LTD | AXTA | 377,393 | $11.2M | 0.36% |
| 70 | TERADATA CORP DEL | TDC | 457,359 | $10.2M | 0.33% |
| 71 | TELEFLEX INCORPORATED | TFX | 84,524 | $10.0M | 0.32% |
| 72 | COCA COLA CONS INC | COKE | 86,514 | $9.7M | 0.31% |
| 73 | CARMAX INC | KMX | 131,941 | $8.9M | 0.28% |
| 74 | FTI CONSULTING INC | FCN | 53,061 | $8.6M | 0.27% |
| 75 | WEYERHAEUSER CO MTN BE | WY | 332,557 | $8.5M | 0.27% |
| 76 | CABLE ONE INC | CABO | 54,746 | $7.4M | 0.24% |
| 77 | FLUTTER ENTMT PLC | G3643J108 | 24,983 | $7.1M | 0.23% |
| 78 | BARRICK MNG CORP | 06849F108 | 224,860 | $4.7M | 0.15% |
| 79 | INMODE LTD | INMD | 187,259 | $2.7M | 0.09% |