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Portfolio (Quarterly) Guide ↗

MARATHON CAPITAL MANAGEMENT

· CIK 0001213206
13F Portfolio $465M AUM Filed Jan 29, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 171 New
Page 8 of 9  ·  171 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 NEE NEXTERA ENERGY INC Utilities 3,159.0 $254K 0.06% NEW $80.28 +9.7%
142 VIG VANGUARD SPECIALIZED FUNDS 1,144.0 $251K 0.05% NEW $219.78 +6.1%
143 T AT&T INC Communication Services 9,857.0 $245K 0.05% NEW $24.84 +1.1%
144 HLMN HILLMAN SOLUTIONS CORP Industrials 28,150.0 $244K 0.05% NEW $8.66 -14.3%
145 NOC NORTHROP GRUMMAN CORP Industrials 407.0 $232K 0.05% NEW $570.21 -2.5%
146 ULTA ULTA BEAUTY INC Consumer Cyclical 381.0 $231K 0.05% NEW $605.01 -14.7%
147 CI THE CIGNA GROUP Healthcare 822.0 $226K 0.05% NEW $275.23 +1.9%
148 VOO VANGUARD INDEX FDS 360.0 $226K 0.05% NEW $627.13 +9.8%
149 MMM 3M CO Industrials 1,406.0 $225K 0.05% NEW $160.10 -3.9%
150 RSP INVESCO EXCHANGE TRADED FD T 1,163.0 $223K 0.05% NEW $191.56 +8.4%
151 AXP AMERICAN EXPRESS CO Financial Services 600.0 $222K 0.05% NEW $369.95 -16.1%
152 MGY MAGNOLIA OIL & GAS CORP Energy 10,000.0 $219K 0.05% NEW $21.89 +29.6%
153 COPX GLOBAL X FDS 3,049.0 $219K 0.05% NEW $71.79 +21.3%
154 GEV GE VERNOVA INC Utilities 330.0 $216K 0.05% NEW $653.57 +64.6%
155 AMP AMERIPRISE FINL INC Financial Services 435.0 $213K 0.05% NEW $490.34 -7.6%
156 FDS FACTSET RESH SYS INC Financial Services 730.0 $212K 0.05% NEW $290.19 -19.1%
157 ACM AECOM Industrials 2,155.0 $205K 0.04% NEW $95.33 -23.5%
158 V VISA INC Financial Services 584.0 $205K 0.04% NEW $350.71 -7.0%
159 QQQ INVESCO QQQ TR Financial Services 331.0 $203K 0.04% NEW $614.31 +18.5%
160 CLF CLEVELAND-CLIFFS INC NEW Basic Materials 15,000.0 $199K 0.04% NEW $13.28 -10.9%
Page 8 of 9  ·  171 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
Financial Services 28.2%
Technology 23.0%
Healthcare 13.0%
Energy 10.3%
Industrials 8.6%
Communication Services 4.5%
Consumer Cyclical 4.4%
Real Estate 3.7%
Basic Materials 2.2%
Consumer Defensive 1.6%