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Portfolio (Quarterly) Guide ↗

MARATHON CAPITAL MANAGEMENT

· CIK 0001213206
13F Portfolio $494M AUM 187 positions Filed Jul 22, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q1 2026 · All 28 New 42 Added 59 Reduced 12 Exited
Page 2 of 3  ·  59 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 NVO NOVO-NORDISK A S Healthcare 78,134.0 $3.7M 0.76% -3K -4.2% $47.94 -2.1%
22 CPA COPA HOLDINGS SA Industrials 23,483.0 $3.7M 0.74% -4K -15.5% $155.57 -15.5%
23 MU MICRON TECHNOLOGY INC Technology 2,695.0 $3.1M 0.63% -2K -45.3% $1154.32 -21.1%
24 MRK MERCK & CO INC Healthcare 23,351.0 $3.0M 0.61% -334.0 -1.4% $128.50 +17.3%
25 LLY ELI LILLY & CO Healthcare 2,492.0 $3.0M 0.60% -53.0 -2.1% $1199.44 +4.0%
26 MXL MAXLINEAR INC Technology 20,000.0 $2.6M 0.52% -2K -11.1% $128.03 -51.0%
27 AMD ADVANCED MICRO DEVICES INC Technology 4,124.0 $2.4M 0.48% -1K -19.9% $580.91 -21.4%
28 TRGP TARGA RES CORP Energy 8,925.0 $2.4M 0.48% -1K -10.1% $268.14 +9.7%
29 SLB SLB LIMITED Energy 42,805.0 $2.0M 0.40% -17K -28.8% $46.49 +16.2%
30 SPY STATE STR SPDR S&P 500 ETF T Financial Services 2,412.0 $1.8M 0.36% -284.0 -10.5% $746.63 +2.3%
31 PAR PAR TECHNOLOGY CORP Technology 80,025.0 $1.4M 0.28% -21K -20.7% $17.42 +11.5%
32 KO COCA COLA CO Consumer Defensive 16,946.0 $1.4M 0.28% -231.0 -1.3% $81.27 +13.2%
33 XOM EXXON MOBIL CORP Energy 9,412.0 $1.3M 0.26% -346.0 -3.5% $136.72 +20.0%
34 HDSN HUDSON TECHNOLOGIES INC Basic Materials 173,325.0 $995K 0.20% -1K -0.6% $5.74 -3.8%
35 ENB ENBRIDGE INC Energy 16,910.0 $917K 0.19% -2K -8.7% $54.21 -7.6%
36 ALL ALLSTATE CORP Financial Services 3,775.0 $898K 0.18% -48.0 -1.3% $237.95 +9.3%
37 PEP PEPSICO INC Consumer Defensive 5,748.0 $778K 0.16% -623.0 -9.8% $135.40 +6.8%
38 GE GE AEROSPACE Industrials 1,955.0 $731K 0.15% -90.0 -4.4% $373.73 -8.5%
39 HD HOME DEPOT INC Consumer Cyclical 1,879.0 $663K 0.13% -200.0 -9.6% $352.68 -4.3%
40 PNC PNC FINL SVCS GROUP INC Financial Services 2,581.0 $636K 0.13% -446.0 -14.7% $246.26 -1.0%
Page 2 of 3  ·  59 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 26.0%
Financial Services 25.7%
Healthcare 14.6%
Energy 9.5%
Industrials 9.1%
Consumer Cyclical 6.2%
Real Estate 3.9%
Basic Materials 1.7%
Consumer Defensive 1.5%
Communication Services 1.4%