Marathon Asset Management LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Marathon Asset Management LP disclosed 12 US equity positions worth $64.3m in its Q4 2025 13F filing. The largest position was SPY at 37.7% of the reported book, followed by EAF and JOHN HANCOCK EXCHANGE TRADED. Against the Q3 2025 filing, it opened 2 new positions, added to 4 and reduced 2 among the top 12 holdings.
What did Marathon Asset Management LP own in Q4 2025? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SPY SPDR S&P 500 ETF TR | 37.7% | $24.2m | 35,000 | – | new | |
| 2 | EAF GRAFTECH INTL LTD | 31.2% | $20.1m | 1,329,440 | -37% | reduced | |
| 3 | JOHN HANCOCK EXCHANGE TRADED | 5.0% | $3.2m | 125,000 | 0% | held | |
| 4 | UNH UNITEDHEALTH GROUP INC | Healthcare | 4.5% | $2.9m | 10,000 | -20% | reduced |
| 5 | PYPL PAYPAL HLDGS INC | Financial Services | 4.1% | $2.6m | 50,000 | 100% | added |
| 6 | IBIT ISHARES BITCOIN TRUST ETF | 3.5% | $2.2m | 47,000 | 88% | added | |
| 7 | JD JD.COM INC | Consumer Cyclical | 3.3% | $2.1m | 75,000 | 50% | added |
| 8 | CABLE ONE INC | 3.1% | $2.0m | 2,000,000 | – | new | |
| 9 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 2.6% | $1.7m | 10,000 | 0% | held |
| 10 | OSCR OSCAR HEALTH INC | Healthcare | 2.2% | $1.4m | 100,000 | 33% | added |
| 11 | NIO NIO INC | Consumer Cyclical | 1.5% | $940.0k | 200,000 | 0% | held |
| 12 | NBIS NEBIUS GROUP N.V. | Communication Services | 1.3% | $851.9k | 10,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.