Marathon Strategic Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 9, 2025), Marathon Strategic Advisors, LLC reported 50 stock positions worth $124.9 million. Its top holding was SS SPDR P S&P 400 Midcap ETF (SPMD) at 10.2% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 9.8%) and State Street SP PTF Em ETF (SPEM, 9.1%). Compared with Q2 2025, it opened 10 new positions, added to 25 and reduced 12. The biggest buy was a new position in Exxon Mobil (XOM) and the biggest sale Vaneck Junior Gold Miners (GDXJ, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0002021711
- Portfolio Value
- $124.9M (Q3 2025)
- SEC Filing
- 0002021711-25-000006 ↗ filed Oct 9, 2025
Holdings Value
Holdings 50 stocks · $124.9M
| SPMD SS SPDR P S&P 400 Midcap ETF | 10.21% | 222,953 | $12.8M | Add +15.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 9.82% | 156,659 | $12.3M | Add +1.5% |
| SPEM State Street SP PTF Em ETF | 9.14% | 243,902 | $11.4M | Add +1.0% |
| IVV iShares Core S&P 500 ETF | 8.68% | 16,205 | $10.8M | Add +2.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 8.50% | 248,122 | $10.6M | Reduce -3.0% |
| VEA Vanguard Ftse Developed ETF | 4.85% | 101,202 | $6.1M | Add +0.4% |
| VNQI Vanguard GLBL Ex-US Real Est | 4.72% | 123,513 | $5.9M | Add +2.0% |
| VNQ Vanguard Real Estate ETF | 4.38% | 59,842 | $5.5M | Add +27.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 4.02% | 17,116 | $5.0M | Add +1.2% |
| VWO Vanguard Ftse Emerging Marke | 4.02% | 92,720 | $5.0M | Add +0.6% |
| XFRAX BlackRock Fltng RT Inc. Strat | 3.44% | 330,896 | $4.3M | Add +18.1% |
| CHI Calamos Convert Opport & Inc. | 2.31% | 267,662 | $2.9M | Add +20.6% |
| GDXJ Vaneck Junior Gold Miners | 2.18% | 27,493 | $2.7M | Reduce -48.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.87% | 50,390 | $2.3M | Add +10.9% |
| DES Wisdomtree US Smallcap Divid | 1.75% | 65,061 | $2.2M | Add +5.3% |
| INTC Intel Corp. | 1.73% | 64,296 | $2.2M | Add +0.0% |
| CRDO Credo Technology Group Holdi | 1.55% | 13,333 | $1.9M | No change |
| DLS Wisdomtree Intl S/C DVD Fund | 1.54% | 24,236 | $1.9M | Add +1.2% |
| DGS Wisdomtree Em Small Cap | 1.48% | 32,310 | $1.8M | Add +2.9% |
| XOM Exxon Mobil Corp. | 1.24% | 13,713 | $1.5M | New |
| VTIP Vanguard Short-Term Tips | 1.07% | 26,461 | $1.3M | Add +0.4% |
| LIN Linde PLC | 0.88% | 2,313 | $1.1M | New |
| COP Conocophillips | 0.78% | 10,295 | $974K | New |
| DON Wisdomtree US Midcap Dividen | 0.65% | 15,590 | $815K | Add +2.0% |
| AEP American Electric Power | 0.63% | 7,027 | $791K | Add +74.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.63% | 2,404 | $789K | Reduce -29.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.62% | 3,044 | $774K | Add +1.7% |
| MSFT Microsoft Corp. | 0.58% | 1,402 | $726K | Add +0.1% |
| IJH iShares Core S&P Midcap ETF | 0.56% | 10,791 | $704K | Reduce -2.0% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.48% | 8,881 | $600K | Add +0.1% |
| DUK Duke Energy Corp. | 0.46% | 4,666 | $577K | New |
| PSX Phillips 66 | 0.44% | 4,059 | $552K | New |
| ROK Rockwell Automation Inc. | 0.42% | 1,500 | $524K | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.40% | 9,491 | $503K | Add +16.7% |
| SYK Stryker Corp. | 0.37% | 1,247 | $461K | Reduce -5.2% |
| MCK McKesson Corp. | 0.35% | 561 | $433K | Reduce -3.8% |
| AMZN Amazon.com Inc. | 0.33% | 1,887 | $414K | Reduce -1.1% |
| BC Brunswick Corp. | 0.28% | 5,500 | $348K | New |
| PPL PPL Corp. | 0.27% | 9,204 | $342K | New |
| PEP Pepsico Inc. | 0.27% | 2,385 | $335K | Add +25.1% |
| AAPL Apple Inc. | 0.26% | 1,289 | $328K | Reduce -24.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 593 | $298K | Reduce -3.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 1,033 | $291K | New |
| TT Trane Technologies PLC | 0.23% | 671 | $283K | No change |
| STPZ PIMCO 1-5 Year US Tips Index | 0.22% | 5,129 | $278K | Add +1.2% |
| SCHF Schwab Intl Equity ETF | 0.21% | 11,105 | $259K | Reduce -42.6% |
| IWM iShares Russell 2000 ETF | 0.19% | 963 | $233K | Reduce -0.7% |
| EFA iShares MSCI Eafe ETF | 0.18% | 2,353 | $220K | Reduce -8.9% |
| UBSI United Bankshares Inc. | 0.17% | 5,565 | $207K | New |
| EEM iShares MSCI Emerging Market | 0.16% | 3,853 | $206K | New |
Portfolio Sells Q2 2025 → Q3 2025
| GDXJ Vaneck Junior Gold Miners | Reduce -48.2% | 2.18% | −1.15 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -3.0% | 8.50% | −1.13 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -29.4% | 0.63% | −0.33 |
| SCHF Schwab Intl Equity ETF | Reduce -42.6% | 0.21% | −0.19 |
| SYK Stryker Corp. | Reduce -5.2% | 0.37% | −0.11 |
| IJH iShares Core S&P Midcap ETF | Reduce -2.0% | 0.56% | −0.07 |
| AAPL Apple Inc. | Reduce -24.8% | 0.26% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -1.1% | 0.33% | −0.06 |
| MCK McKesson Corp. | Reduce -3.8% | 0.35% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.7% | 0.24% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -8.9% | 0.18% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -0.7% | 0.19% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| XOM Exxon Mobil Corp. | New | 1.24% | +1.24 |
| LIN Linde PLC | New | 0.88% | +0.88 |
| COP Conocophillips | New | 0.78% | +0.78 |
| VNQ Vanguard Real Estate ETF | Add +27.1% | 4.38% | +0.48 |
| DUK Duke Energy Corp. | New | 0.46% | +0.46 |
| PSX Phillips 66 | New | 0.44% | +0.44 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +15.2% | 10.21% | +0.43 |
| INTC Intel Corp. | Add +0.0% | 1.73% | +0.39 |
| BC Brunswick Corp. | New | 0.28% | +0.28 |
| PPL PPL Corp. | New | 0.27% | +0.27 |
| AEP American Electric Power | Add +74.7% | 0.63% | +0.24 |
| IBM Intl Business Machines Corp. | New | 0.23% | +0.23 |
| UBSI United Bankshares Inc. | New | 0.17% | +0.17 |
| EEM iShares MSCI Emerging Market | New | 0.16% | +0.16 |
| CHI Calamos Convert Opport & Inc. | Add +20.6% | 2.31% | +0.14 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +10.9% | 1.87% | +0.07 |
| PEP Pepsico Inc. | Add +25.1% | 0.27% | +0.03 |
| XFRAX BlackRock Fltng RT Inc. Strat | Add +18.1% | 3.44% | +0.02 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +16.7% | 0.40% | +0.00 |
| STPZ PIMCO 1-5 Year US Tips Index | Add +1.2% | 0.22% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.7% | 0.62% | −0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +0.1% | 0.48% | −0.04 |
| DON Wisdomtree US Midcap Dividen | Add +2.0% | 0.65% | −0.06 |
| MSFT Microsoft Corp. | Add +0.1% | 0.58% | −0.07 |
| DES Wisdomtree US Smallcap Divid | Add +5.3% | 1.75% | −0.07 |
| DLS Wisdomtree Intl S/C DVD Fund | Add +1.2% | 1.54% | −0.13 |
| DGS Wisdomtree Em Small Cap | Add +2.9% | 1.48% | −0.14 |
| VTIP Vanguard Short-Term Tips | Add +0.4% | 1.07% | −0.16 |
| VWO Vanguard Ftse Emerging Marke | Add +0.6% | 4.02% | −0.21 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1.2% | 4.02% | −0.37 |
| SPEM State Street SP PTF Em ETF | Add +1.0% | 9.14% | −0.45 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +2.0% | 4.72% | −0.47 |
| IVV iShares Core S&P 500 ETF | Add +2.0% | 8.68% | −0.48 |
| VEA Vanguard Ftse Developed ETF | Add +0.4% | 4.85% | −0.49 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +1.5% | 9.82% | −0.60 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 50 | $177.1M | INTC, SPMD, SPYM, SPEM, SPDW |
| Q1 2026 | 52 | $139.0M | SPMD, SPYM, SPEM, SPDW, IVV |
| Q4 2025 | 50 | $131.0M | SPMD, SPYM, SPEM, SPDW, IVV |
| Q3 2025 | 50 | $124.9M | SPMD, SPYM, SPEM, IVV, SPDW |
| Q2 2025 | 40 | $107.6M | SPYM, SPMD, SPDW, SPEM, IVV |
| Q1 2025 | 37 | $93.0M | SPYM, SPEM, SPDW, IVV, SPMD |
| Q4 2024 | 36 | $92.4M | SPYM, IVV, SPEM, SPDW, SPMD |
| Q3 2024 | 37 | $94.6M | SPYM, IVV, SPEM, SPDW, SPMD |
| Q2 2024 | 45 | $85.6M | SPYM, IVV, SPEM, SPDW, SPMD |
| Q1 2024 | 24 | $82.1M | Vanguard Global ex-US Real Est, iShares Short-Term Corporate B, SPYM, Vanguard REIT Index, SPEM |