Marathon Asset Management LP
Marathon Asset Management LP is a global credit investment manager headquartered in New York, NY. Founded in 1998, the firm specializes in opportunistic investing across sectors such as corporate, real estate, structured credit, and emerging markets debt. With an international team of approximately 194 employees, Marathon serves institutional investors including pension funds, endowments, and sovereign wealth funds, offering investment advisory and hedge fund services.
Investment Strategy
Marathon Asset Management employs a multi-strategy credit investment approach with a focus on opportunistic and relative value investing across the global credit markets. The firm seeks to capitalize on market inefficiencies, dislocations, and complex situations, investing in high yield, distressed, structured credit, leveraged loans, and emerging markets fixed income. Their philosophy incorporates rigorous bottom-up fundamental research, capital structure analysis, and active portfolio management to generate superior risk-adjusted returns.
Latest 13F Filing Activity
Marathon Asset Management LP filed their most recent 13F report on Jun 30, 2025 disclosing 13 equity positions and 3 options positions with a total 13F market value of $44M. The fund increased holdings in Ishares Ethereum TR, Graftech Intl LTD, Ishares Bitcoin Trust Etf among other positions. Marathon Asset Management LP reduced exposure to Latam Airlines Group SA, Grayscale Ethereum Trust Etf, Exchange Traded Concepts Tru among others.
Top Holdings
Equity Positions (13)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
E EAF | GRAFTECH INTL LTD | 44.90% | $19.8M | 20,375,112 | $0.92 | $0.97 | +$2.9M |
A AMD | ADVANCED MICRO DEVICES INC | 8.04% | $3.5M | 25,000 | $102.74 | $141.90 | +$979.0K |
J JHHY | JOHN HANCOCK EXCHANGE TRADED | 7.31% | $3.2M | 125,000 | $25.19 | $25.80 | +$53.8K |
E ETHA | ISHARES ETHEREUM TR | 6.91% | $3.1M | 160,000 | $19.07 | $19.07 | +$3.1M |
G GOOG | ALPHABET INC | 5.09% | $2.2M | 12,660 | $156.23 | $177.39 | +$267.9K |
Options Positions (3)
Industry Allocation
Investment Team (24)
| Name | Role | Location | |
|---|---|---|---|
A Andrew Szmulewicz | Portfolio Manager - Emerging Markets | New York, NY , United States | |
C Christopher Cronin | Analyst | New York, NY , United States | |
D David Siegel | Portfolio Manager | New York, NY , United States | |
 | Partner | New York, NY , United States | |
 | Associate | New York, NY , United States | |
 | Associate | New York, NY , United States | |
 | Partner | New York, NY , United States | |
 | Senior Investment Analyst | New York, NY , United States | |
J Jennipher Musa | Analyst | New York, NY , United States | |
K Karen Lau | Senior Portfolio Manager, Head of CLOs | New York, NY , United States |