Marathon Asset Management LP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Marathon Asset Management LP reported 2 stock positions worth $11.4 million. Its top holding was Graftech International (EAF) at 72.2% of the portfolio, followed by John Hancock High Yield ETF (JHHY, 27.8%). Compared with Q4 2025, it sold out of 10 and reduced 1. The biggest sale was an exit from SS SPDR S&P 500 ETF Trust-US (SPY).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001279913
Portfolio Value
$11.4M (Q1 2026)
SEC Filing
0001493152-26-023720 ↗ filed May 15, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $215.2M Q1 2024 Q2 2024: $107.2M Q2 2024 Q3 2024: $197.0M Q3 2024 Q4 2024: $74.0M Q4 2024 Q1 2025: $92.9M Q1 2025 Q2 2025: $41.9M Q2 2025 Q3 2025: $62.3M Q3 2025 Q4 2025: $64.3M Q4 2025 Q1 2026: $11.4M $11.4M Q1 2026 Q2 2026: $38.2M Q2 2026

Holdings 2 stocks · $11.4M
EAF Graftech International Ltd. 72.17% 1,211,615 $8.2M Reduce -8.9%
JHHY John Hancock High Yield ETF 27.83% 125,000 $3.2M No change

Options reported separately and not counted above: TLT calls ($630K).

Portfolio Sells Q4 2025 → Q1 2026
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −37.66
UNH Unitedhealth Group Inc. Sold out 0.00% −4.46
PYPL PayPal Holdings Inc. Sold out 0.00% −4.10
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −3.47
JD Jd.com Inc.-ADR Sold out 0.00% −3.32
CABLE ONE INC (CABO 0 03/15/26) Sold out 0.00% −3.06
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −2.64
OSCR Oscar Health Inc. Class A Sold out 0.00% −2.23
NIO Nio Inc. - ADR Sold out 0.00% −1.46
NBIS Nebius Group NV Sold out 0.00% −1.32
EAF Graftech International Ltd. Reduce -8.9% 72.17% +40.93

Portfolio Buys Q4 2025 → Q1 2026
None this quarter.

Options Activity Q4 2025 → Q1 2026
TLT iShares 20+ Year Treasury BD call Add +200.0% 9,000 $630K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4$38.2MRXT, IHRT, EAF, JHHY
Q1 2026 2$11.4MEAF, JHHY
Q4 2025 12$64.3MSPY, EAF, JHHY, UNH, PYPL
Q3 2025 15$62.3MEAF, CNK, UNH, JHHY, AMD
Q2 2025 14$41.9MEAF, AMD, JHHY, ETHA, GOOG
Q1 2025 10$92.9MLTM, EAF, JHHY, AMD, GOOG
Q4 2024 5$74.0MLTM, VISN, JHHY, EAF, KORE
Q3 2024Amended 7$197.0MFYBR, LTM, EAF, AMC, VISN
Q2 2024Amended 6$107.2MFYBR, LADR, JHHY, VISN, BHC
Q1 2024Amended 7$215.2MFYBR, HTZ, JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26), LADR, BHC