Marathon Asset Management LP
Marathon Asset Management LP reported 4 US-listed holdings worth $38.2 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Rackspace Technology Inc. (61.9%), Iheartmedia Inc. (16.5%) and Graftech Intl Ltd Com New (14.9%). Against the quarter before, it opened 2 positions, added to 0, trimmed 2 and sold out of 0.
The 4 largest of its 4 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned -26.7% over the 3 quarters to 30 June 2026, against +12.1% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 2
- Rackspace Technology Inc. RXT$23.7 million
- Iheartmedia Inc. IHRT$6.3 million
Trimmed 2
- Graftech Intl Ltd Com New EAF-248,787 shares · -21%
- John Hancock Exchange Traded JHHY-25,000 shares · -20%
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Rackspace Technology Inc. RXT | 3.6M | $23.7 million | 61.89% | new |
| Iheartmedia Inc. IHRT | 1.5M | $6.3 million | 16.55% | new |
| Graftech Intl Ltd Com New EAF | 962.8K | $5.7 million | 14.88% | -248.8K |
| John Hancock Exchange Traded JHHY | 100.0K | $2.6 million | 6.68% | -25.0K |
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Change is shares against its 13F for the quarter before.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| SPDR S&P 500 SPY | Puts | 3.0K | $1.6 million |
| iShares Trust TLT | Calls | 18.0K | $1.3 million |
| SPDR S&P 500 SPY | Calls | 3.0K | $465,000 |
3 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.