Marathon Asset Management LP

Name: MARATHON ASSET MANAGEMENT LP 13F holdings, Q1 2024
Creator: MARATHON ASSET MANAGEMENT LP
Published: 2025-03-24

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed March 24, 2025), Marathon Asset Management LP reported 7 stock positions worth $215.2 million. Its top holding was Frontier Communications Pare (FYBR) at 59.5% of the portfolio, followed by Hertz Global (HTZ, 24.6%) and Jetblue Airways Corp. (jblu 0.5 04/01/26) (11.7%). Compared with Q4 2023, it opened 2 new positions and reduced 1. The biggest buy was a new position in Bausch Health Cos (BHC) and the biggest sale Jetblue Airways Corp. (jblu 0.5 04/01/26) (shares −34%).

Most Recent 13F: Q2 2026
Location: NEW YORK, NY
CIK: 0001279913
Portfolio Value: $215.2M (Q1 2024)
SEC Filing: 0001641172-25-000336 ↗ filed Mar 24, 2025

Holdings Value

Holdings 7 stocks · $215.2M


FYBR Frontier Communications Pare	59.51%	5,228,167	$128.1M	No change
HTZ Hertz Global Hldgs Inc.	24.59%	6,759,810	$52.9M	No change
JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26)	11.72%	29,000,000	$25.2M	Reduce -34.1%
LADR Ladder Capital Corp.-REIT	1.51%	292,740	$3.3M	No change
BHC Bausch Health Cos Inc.	1.23%	250,000	$2.7M	New
KORE GROUP HLDGS INC	0.83%	2,256,976	$1.8M	No change
VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC	0.61%	1,000,000	$1.3M	New

Options reported separately and not counted above: SPY puts ($333K), IWM puts ($242K).

Other holdings (1): bonds, preferreds, convertibles and warrants · $588K (not counted above)

Security	Class	Shares / Principal	Value	Change
CMPOW Composecure Inc. -CW25	*W EXP 12/27/202	839,366	$588K	No change

Total filed on the 13F, all lines: $215.8M.

Portfolio Sells Q4 2023 → Q1 2024


JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26)	Reduce -34.1%	11.72%	−4.40

Portfolio Buys Q4 2023 → Q1 2024


BHC Bausch Health Cos Inc.	New	1.23%	+1.23
VISN Vistance Networks Inc.	New	0.61%	+0.61

Options Activity Q4 2023 → Q1 2024


QQQ Invesco QQQ Trust Series 1	put	Sold out	10,000	$445Kbefore exit
SPY SS SPDR S&P 500 ETF Trust-US	put	New	15,000	$333K
IWM iShares Russell 2000 ETF	put	New	6,635	$242K
TLT iShares 20+ Year Treasury BD	call	Sold out	15,000	$150Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	4	$38.2M	RXT, IHRT, EAF, JHHY
Q1 2026	2	$11.4M	EAF, JHHY
Q4 2025	12	$64.3M	SPY, EAF, JHHY, UNH, PYPL
Q3 2025	15	$62.3M	EAF, CNK, UNH, JHHY, AMD
Q2 2025	14	$41.9M	EAF, AMD, JHHY, ETHA, GOOG
Q1 2025	10	$92.9M	LTM, EAF, JHHY, AMD, GOOG
Q4 2024	5	$74.0M	LTM, VISN, JHHY, EAF, KORE
Q3 2024Amended	7	$197.0M	FYBR, LTM, EAF, AMC, VISN
Q2 2024Amended	6	$107.2M	FYBR, LADR, JHHY, VISN, BHC
Q1 2024Amended	7	$215.2M	FYBR, HTZ, JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26), LADR, BHC