MARATHON ASSET MANAGEMENT LP

NEW YORK, NY · CIK 1279913 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2003 · limited partnership

Assets managed$30.5bn
Staff193 · 99 in investment roles
Main clients (by assets)Private funds 89%, Mutual funds and ETFs 4%, Other advisers 3%
Private funds70 (51 hedge) · $28.5bn gross assets
Form ADV · 2026-07-31SEC adviser record

Legal entityMARATHON ASSET MANAGEMENT, L.P. (US)

$38.2m reported value +235.9% vs Q1 2026

4positions

100.0%in top 10

2 new 0 added 2 reduced 0 sold out vs Q1 2026

Options: 2 call positions ($1.7m notional), 1 put positions ($1.6m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	RACKSPACE TECHNOLOGY INC COM RXT	RXT	3,624,047	$23.7m61.89%	61.89%	New
2	IHEARTMEDIA INC COM CL A IHRT	IHRT	1,475,000	$6.3m16.55%	16.55%	New
3	GRAFTECH INTL LTD SR NT COM NEW EAF	EAF	962,828	$5.7m14.88%	14.88%	Reduced -248.8k	-248,787 -20.5%
4	JOHN HANCOCK EXCHANGE TRADED HIGH YIELD ETF JHHY	JHHY	100,000	$2.6m6.68%	6.68%	Reduced -25.0k	-25,000 -20.0%

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	3,000	$1.6m3.0k shares	New
ISHARES TR TLT · Call	TLT	Call	18,000	$1.3m18.0k shares	Added
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	3,000	$465.0k3.0k shares	New

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ENDO INC Common 13G · filed 2025-05-15		8.0%		13G	2025-05-15
MALLINCKRODT PLC MNKPF · 13G · filed 2026-05-15	MNKPF	6.8%	-0.9 pts	13G	2026-05-15