Marathon Strategic Advisors, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Marathon Strategic Advisors, LLC reported 50 stock positions worth $131.0 million. Its top holding was SS SPDR P S&P 400 Midcap ETF (SPMD) at 13.3% of the portfolio, followed by Ste STR SPDR PT S&P 500 ETF (SPYM, 9.2%) and State Street SP PTF Em ETF (SPEM, 8.6%). Compared with Q3 2025, it opened 1 new position, sold out of 1, added to 12 and reduced 21. The biggest buy was SS SPDR P S&P 400 Midcap ETF (SPMD, shares +35%) and the biggest sale Vaneck Junior Gold Miners (GDXJ, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0002021711
- Portfolio Value
- $131.0M (Q4 2025)
- SEC Filing
- 0002021711-26-000001 ↗ filed Feb 11, 2026
Holdings Value
Holdings 50 stocks · $131.0M
| SPMD SS SPDR P S&P 400 Midcap ETF | 13.32% | 301,232 | $17.4M | Add +35.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 9.17% | 149,672 | $12.0M | Reduce -4.5% |
| SPEM State Street SP PTF Em ETF | 8.61% | 240,797 | $11.3M | Reduce -1.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 8.12% | 239,399 | $10.6M | Reduce -3.5% |
| IVV iShares Core S&P 500 ETF | 7.85% | 15,014 | $10.3M | Reduce -7.3% |
| VNQ Vanguard Real Estate ETF | 5.16% | 76,341 | $6.8M | Add +27.6% |
| VEA Vanguard Ftse Developed ETF | 4.76% | 99,727 | $6.2M | Reduce -1.5% |
| VNQI Vanguard GLBL Ex-US Real Est | 4.36% | 124,640 | $5.7M | Add +0.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.79% | 17,108 | $5.0M | Reduce -0.1% |
| VWO Vanguard Ftse Emerging Marke | 3.73% | 90,754 | $4.9M | Reduce -2.1% |
| XFRAX BlackRock Fltng RT Inc. Strat | 3.32% | 369,243 | $4.3M | Add +11.6% |
| INTC Intel Corp. | 3.10% | 109,936 | $4.1M | Add +71.0% |
| CHI Calamos Convert Opport & Inc. | 2.22% | 276,926 | $2.9M | Add +3.5% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.95% | 54,514 | $2.6M | Add +8.2% |
| DES Wisdomtree US Smallcap Divid | 1.70% | 66,599 | $2.2M | Add +2.4% |
| DLS Wisdomtree Intl S/C DVD Fund | 1.52% | 24,627 | $2.0M | Add +1.6% |
| DGS Wisdomtree Em Small Cap | 1.46% | 33,399 | $1.9M | Add +3.4% |
| XOM Exxon Mobil Corp. | 1.26% | 13,713 | $1.7M | No change |
| CRDO Credo Technology Group Holdi | 1.15% | 10,458 | $1.5M | Reduce -21.6% |
| GDXJ Vaneck Junior Gold Miners | 1.12% | 12,836 | $1.5M | Reduce -53.3% |
| VTIP Vanguard Short-Term Tips | 1.00% | 26,421 | $1.3M | Reduce -0.1% |
| MSFT Microsoft Corp. | 0.91% | 2,459 | $1.2M | Add +75.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.85% | 3,309 | $1.1M | Add +37.6% |
| LIN Linde PLC | 0.75% | 2,313 | $986K | No change |
| COP Conocophillips | 0.74% | 10,295 | $964K | No change |
| AEP American Electric Power | 0.62% | 7,027 | $810K | No change |
| DON Wisdomtree US Midcap Dividen | 0.61% | 15,590 | $804K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.60% | 3,035 | $783K | Reduce -0.3% |
| IJH iShares Core S&P Midcap ETF | 0.54% | 10,621 | $701K | Reduce -1.6% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.44% | 7,841 | $570K | Reduce -11.7% |
| DUK Duke Energy Corp. | 0.42% | 4,666 | $547K | No change |
| PSX Phillips 66 | 0.40% | 4,059 | $524K | No change |
| ROK Rockwell Automation Inc. | 0.36% | 1,225 | $477K | Reduce -18.3% |
| MCK McKesson Corp. | 0.35% | 561 | $460K | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.35% | 8,656 | $458K | Reduce -8.8% |
| SYK Stryker Corp. | 0.33% | 1,247 | $438K | No change |
| AMZN Amazon.com Inc. | 0.33% | 1,865 | $430K | Reduce -1.2% |
| BC Brunswick Corp. | 0.31% | 5,500 | $408K | No change |
| AAPL Apple Inc. | 0.27% | 1,283 | $349K | Reduce -0.5% |
| PEP Pepsico Inc. | 0.26% | 2,385 | $342K | No change |
| PPL PPL Corp. | 0.25% | 9,204 | $322K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 1,033 | $306K | No change |
| STPZ PIMCO 1-5 Year US Tips Index | 0.20% | 4,994 | $268K | Reduce -2.6% |
| SCHF Schwab Intl Equity ETF | 0.20% | 11,105 | $267K | No change |
| TT Trane Technologies PLC | 0.20% | 658 | $256K | Reduce -1.9% |
| IWM iShares Russell 2000 ETF | 0.18% | 960 | $236K | Reduce -0.3% |
| EFA iShares MSCI Eafe ETF | 0.17% | 2,263 | $217K | Reduce -3.8% |
| UBSI United Bankshares Inc. | 0.16% | 5,565 | $214K | No change |
| EEM iShares MSCI Emerging Market | 0.16% | 3,853 | $211K | No change |
| ACGL Arch Capital Group Ltd. | 0.16% | 2,155 | $207K | New |
Portfolio Sells Q3 2025 → Q4 2025
| GDXJ Vaneck Junior Gold Miners | Reduce -53.3% | 1.12% | −1.06 |
| IVV iShares Core S&P 500 ETF | Reduce -7.3% | 7.85% | −0.83 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -4.5% | 9.17% | −0.65 |
| SPEM State Street SP PTF Em ETF | Reduce -1.3% | 8.61% | −0.53 |
| CRDO Credo Technology Group Holdi | Reduce -21.6% | 1.15% | −0.40 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -3.5% | 8.12% | −0.38 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.1% | 3.73% | −0.30 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.24 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.1% | 3.79% | −0.23 |
| VEA Vanguard Ftse Developed ETF | Reduce -1.5% | 4.76% | −0.10 |
| VTIP Vanguard Short-Term Tips | Reduce -0.1% | 1.00% | −0.07 |
| ROK Rockwell Automation Inc. | Reduce -18.3% | 0.36% | −0.06 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -8.8% | 0.35% | −0.05 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -11.7% | 0.44% | −0.04 |
| TT Trane Technologies PLC | Reduce -1.9% | 0.20% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.6% | 0.54% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.3% | 0.60% | −0.02 |
| STPZ PIMCO 1-5 Year US Tips Index | Reduce -2.6% | 0.20% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -3.8% | 0.17% | −0.01 |
| IWM iShares Russell 2000 ETF | Reduce -0.3% | 0.18% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -1.2% | 0.33% | −0.00 |
| AAPL Apple Inc. | Reduce -0.5% | 0.27% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +35.1% | 13.32% | +3.12 |
| INTC Intel Corp. | Add +71.0% | 3.10% | +1.37 |
| VNQ Vanguard Real Estate ETF | Add +27.6% | 5.16% | +0.78 |
| MSFT Microsoft Corp. | Add +75.4% | 0.91% | +0.33 |
| VTI VG Morningstar TS MKT ETF-US | Add +37.6% | 0.85% | +0.22 |
| ACGL Arch Capital Group Ltd. | New | 0.16% | +0.16 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +8.2% | 1.95% | +0.08 |
| DGS Wisdomtree Em Small Cap | Add +3.4% | 1.46% | −0.02 |
| DLS Wisdomtree Intl S/C DVD Fund | Add +1.6% | 1.52% | −0.02 |
| DES Wisdomtree US Smallcap Divid | Add +2.4% | 1.70% | −0.05 |
| CHI Calamos Convert Opport & Inc. | Add +3.5% | 2.22% | −0.10 |
| XFRAX BlackRock Fltng RT Inc. Strat | Add +11.6% | 3.32% | −0.12 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +0.9% | 4.36% | −0.36 |
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 |