Marathon Asset Management LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed March 24, 2025), Marathon Asset Management LP reported 7 stock positions worth $197.0 million. Its top holding was Frontier Communications Pare (FYBR) at 61.5% of the portfolio, followed by Latam Airlines Group SA-ADR (LTM, 29.3%) and Graftech International (EAF, 2.4%). Compared with Q2 2024, it opened 3 new positions, sold out of 2 and reduced 2. The biggest buy was a new position in Latam Airlines Group SA-ADR (LTM) and the biggest sale Frontier Communications Pare (FYBR, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001279913
- Portfolio Value
- $197.0M (Q3 2024)
- SEC Filing
- 0001641172-25-000347 ↗ filed Mar 24, 2025
Holdings Value
Holdings 7 stocks · $197.0M
| FYBR Frontier Communications Pare | 61.53% | 3,411,246 | $121.2M | Reduce -6.8% |
| LTM Latam Airlines Group SA-ADR | 29.26% | 2,182,078 | $57.6M | New |
| EAF Graftech International Ltd. | 2.36% | 3,521,212 | $4.6M | New |
| AMC AMC Entertainment HLDS Class A | 2.35% | 1,017,510 | $4.6M | New |
| VISN Vistance Networks Inc. filed as COMMSCOPE HLDG CO INC | 2.33% | 750,000 | $4.6M | Reduce -57.1% |
| JHHY John Hancock High Yield ETF | 1.66% | 125,000 | $3.3M | No change |
| KORE Kore Group Holdings Inc. | 0.52% | 451,396 | $1.0M | No change |
Options reported separately and not counted above: SPY puts ($2.4M), TLT calls ($1.5M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | 500,000 | $1.9M | Reduce -40.4% |
Total filed on the 13F, all lines: $198.9M.
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 2024
Options Activity Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Add +227.3% | 36,000 | $2.4M |
| TLT iShares 20+ Year Treasury BD | call | Reduce -37.5% | 25,000 | $1.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| CMPOW Composecure Inc. -CW25 | *W EXP 12/27/202 | Reduce -40.4% | 500,000 | $1.9M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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 |