Comparing Marathon Capital Management's Q3 and Q4 2022 13F Holdings: Notable Changes to Watch

Marathon Capital Management Q3 2022 vs. Q4 2022 13F Holdings Comparison

Marathon Capital Management is a New York-based investment firm that has been around since 2005. They offer several different investment strategies, including long-only equity, opportunistic credit, and event-driven strategies. As of their most recent 13F filing for Q4 2022, they had $2.16 billion in assets under management.

The 13F filing is a quarterly report that all investment managers who manage more than $100 million in assets must file with the SEC. It lists all the holdings of the firm as of the end of the quarter, along with the number of shares held, the value of those shares, and any changes in those positions since the previous quarter.

Let's take a closer look at some of the changes in holdings for Marathon Capital Management from Q3 2022 to Q4 2022.

TROW

One of the biggest changes in holdings for Marathon Capital Management was their stake in T. Rowe Price Group Inc. (TROW). They held the exact same number of shares in both quarters, 912,725, but the value of those shares increased from $95.8 million in Q3 to $99.5 million in Q4. That's a change of 3.9%, which is a strong performance for a single quarter.

ENPH

Another notable change in holdings was their stake in Enphase Energy Inc. (ENPH). They reduced their position from 80,096 shares in Q3 to 79,316 shares in Q4, a decrease of 5.4%. The value of those shares also decreased from $22.2 million to $21.0 million, which is not a significant change, but still worth noting.

HDSN

On the other hand, Marathon Capital Management increased their stake in Hudson Technologies Inc. (HDSN) from 936,561 shares in Q3 to 936,561 shares in Q4. The value of those shares also increased from $6.9 million to $9.5 million, a change of 37.5%. This is a significant increase and suggests that the firm is bullish on Hudson Technologies' prospects.

PSX

Conversely, they decreased their position in Phillips 66 (PSX) from 123,232 shares in Q3 to 80,126 shares in Q4, a decrease of 16.2%. The value of those shares also decreased from $9.9 million to $8.3 million. This change is not as significant as some of the others, but it still shows that Marathon Capital Management is actively managing their portfolio.

GLW and AAPL

Two of the most significant changes in holdings for Marathon Capital Management were their stakes in Corning Inc. (GLW) and Apple Inc. (AAPL). Their position in Corning Inc. increased from 152,341 shares in Q3 to 245,273 shares in Q4, a staggering increase of 77.2%. The value of those shares also increased significantly, from $4.4 million to $7.8 million.

Their position in Apple Inc. decreased slightly from 57,905 shares in Q3 to 57,826 shares in Q4, a decrease of 0.1%. However, the value of those shares decreased from $8.0 million to $7.5 million, a change of 6.1%. This suggests that Marathon Capital Management is still bullish on Apple's prospects, but they may be taking a more cautious approach.

BMO.TO

Perhaps the most significant change in holdings for Marathon Capital Management was their stake in Bank of Montreal (BMO.TO). They increased their position from 9,190 shares in Q3 to 67,535 shares in Q4, a massive increase of 660.1%. The value of those shares also increased from $0.8 million to $6.1 million, a change of 660.1%. This suggests that Marathon Capital Management sees significant potential in Bank of Montreal's stock.

In Conclusion

Overall, Marathon Capital Management is an active investor that is always looking for new investment opportunities. Their holdings in Q4 2022 show a mix of bullish and bearish positions, with some significant increases and decreases in many of their holdings. It will be interesting to see how these holdings change in future quarters and whether Marathon Capital Management continues to generate strong returns for its investors.