0001040592-19-000008.txt : 20190715 0001040592-19-000008.hdr.sgml : 20190715 20190715095131 ACCESSION NUMBER: 0001040592-19-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190715 DATE AS OF CHANGE: 20190715 EFFECTIVENESS DATE: 20190715 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARATHON ASSET MANAGEMENT LLP CENTRAL INDEX KEY: 0001040592 IRS NUMBER: 954328983 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03743 FILM NUMBER: 19954257 BUSINESS ADDRESS: STREET 1: ORION HOUSE STREET 2: 5 UPPER ST MARTIN'S LANE CITY: LONDON STATE: X0 ZIP: WC2H 9EA BUSINESS PHONE: 00442074972211 MAIL ADDRESS: STREET 1: ORION HOUSE STREET 2: 5 UPPER ST MARTIN'S LANE CITY: LONDON STATE: X0 ZIP: WC2H 9EA FORMER COMPANY: FORMER CONFORMED NAME: MARATHON ASSET MANAGEMENT (SERVICES) LTD DATE OF NAME CHANGE: 20050208 FORMER COMPANY: FORMER CONFORMED NAME: MARATHON ASSET MANAGEMENT LTD/LONDON DATE OF NAME CHANGE: 19990324 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001040592 XXXXXXXX 06-30-2019 06-30-2019 false MARATHON ASSET MANAGEMENT LLP

Orion House 5 Upper St Martin's Lane London X0 WC2H 9EA

13F HOLDINGS REPORT 028-03743 N James Bennett 00442074972211 James Bennett London X0 07-15-2019 0 102 7785991 INFORMATION TABLE 2 infotable.xml Amazon.com Inc COMMON 023135106 91371 48282 SH SOLE 33736 0 14546 Alleghany Corp COMMON 017175100 54536 80079 SH SOLE 56292 0 23787 Barrick Gold Corp COMMON 067901108 133381 8455964 SH SOLE 1882062 0 6573902 American Express Co COMMON 025816109 136664 1107110 SH SOLE 776207 0 330903 Aflac Inc COMMON 001055102 88951 1622926 SH SOLE 1141132 0 481794 Analog Devices Inc COMMON 032654105 74829 663062 SH SOLE 464814 0 198248 Applied Materials Inc COMMON 038222105 86671 1929880 SH SOLE 1353629 0 576251 Archer-Daniels-Midland Co. COMMON 039483102 122018 2990631 SH SOLE 2102714 0 887917 Autozone Inc COMMON 053332102 55014 50046 SH SOLE 35086 0 14960 Berkshire Hathaway Inc COMMON 084670702 119830 562165 SH SOLE 393914 0 168251 Bancolombia Sa -Pref COMMON 05968L102 38633 752007 SH SOLE 529918 0 222089 Baxter International Inc COMMON 071813109 52096 634464 SH SOLE 446083 0 188381 Brookfield Asset Manage-CL A COMMON 112585104 143793 2998061 SH SOLE 2131413 0 866648 Pricesmart Inc COMMON 741511109 14603 285677 SH SOLE 206747 0 78930 Taiwan Semiconductor Manufacturing Co Ltd COMMON 874039100 6174 152686 SH SOLE 0 0 152686 C H Robinson Worldwide Inc COMMON 12541W209 59888 710006 SH SOLE 497719 0 212287 Rogers Communications Inc COMMON 775109200 19673 363527 SH SOLE 260882 0 102645 Canadian Natural Resources COMMON 136385101 110200 4034605 SH SOLE 2913996 0 1120609 Coca Cola Co COMMON 191216100 112437 2191456 SH SOLE 1540581 0 650875 Ctrip.com International ADR COMMON 22943F100 35514 962175 SH SOLE 681278 0 280897 Colgate Palmolive Co COMMON 194162103 79806 1113618 SH SOLE 780309 0 333309 CIA De Minas Buenaventura ADR COMMON 204448104 17142 1028302 SH SOLE 0 0 1028302 CIA Cervecerias Unidas ADR COMMON 204429104 235 8330 SH SOLE 0 0 8330 Gildan Activewear Inc COMMON 375916103 45555 1174639 SH SOLE 832173 0 342466 Omnicom Group COMMON 681919106 68652 831298 SH SOLE 583718 0 247580 Electronic Arts Inc COMMON 285512109 32156 317563 SH SOLE 221897 0 95666 Expeditors Intl Wash Inc COMMON 302130109 64931 855933 SH SOLE 600038 0 255895 Fastenal Co COMMON 311900104 57081 1751542 SH SOLE 1223900 0 527642 M & T Bank Corp COMMON 55261F104 20756 122047 SH SOLE 85289 0 36758 Ritchie Bros Auctioneers COMMON 767744105 58470 1753526 SH SOLE 1246102 0 507424 Entercom Communications Corp COMMON 293639100 21256 3666330 SH SOLE 2577758 0 1088572 Grupo Televisa Sa-Spons Adr COMMON 40049J206 13152 1558336 SH SOLE 0 0 1558336 Harley Davidson Inc COMMON 412822108 41019 1144942 SH SOLE 890429 0 254513 Kt Corp Spon ADR COMMON 48268K101 52630 4254564 SH SOLE 0 0 4254564 The Hershey Company COMMON 427866108 134308 1002212 SH SOLE 702377 0 299835 Intel Corp COMMON 458140100 170043 3552186 SH SOLE 2494039 0 1058147 Rayonier Inc COMMON 754907103 51301 1693034 SH SOLE 1113217 0 579817 Johnson and Johnson COMMON 478160104 285059 2047022 SH SOLE 1435723 0 611299 Hartford Financial SVCS GRP COMMON 416515104 126476 2258312 SH SOLE 1584589 0 673723 Kimberly-Clark Corp COMMON 494368103 44609 332195 SH SOLE 232131 0 100064 Lincoln Electric Holdings COMMON 533900106 23936 289117 SH SOLE 202510 0 86607 United Parcel Services Cl B COMMON 911312106 82037 794412 SH SOLE 557360 0 237052 Loews Corp COMMON 540424108 130224 2382046 SH SOLE 1674599 0 707447 Magna International Inc COMMON 559222401 19433 389689 SH SOLE 279438 0 110251 Markel Corp COMMON 570535104 49838 45767 SH SOLE 31982 0 13785 Maxim Integrated Products COMMON 57772K101 68377 1143088 SH SOLE 801472 0 341616 Activision Blizzard COMMON 00507V109 28048 594240 SH SOLE 415255 0 178985 3M Co COMMON 88579Y101 82954 478319 SH SOLE 335309 0 143010 National Oilwell Varco COMMON 637071101 47834 2151888 SH SOLE 1512807 0 639081 Wells Fargo Co COMMON 949746101 214745 4538378 SH SOLE 3185922 0 1352456 Oracle Corp COMMON 68389X105 265927 4669094 SH SOLE 3275345 0 1393749 Paccar Inc COMMON 693718108 30910 431346 SH SOLE 301425 0 129921 Paychex Inc COMMON 704326107 72227 877709 SH SOLE 615296 0 262413 Pepsico Inc COMMON 713448108 43530 331985 SH SOLE 231979 0 100006 PPG Industries Inc COMMON 693506107 81233 696071 SH SOLE 487848 0 208223 IPG Photonics Corp COMMON 44980X109 20345 131897 SH SOLE 92481 0 39416 Costco Wholesale Corp COMMON 22160K105 61470 232625 SH SOLE 163560 0 69065 Price T Rowe Group COMMON 74144T108 20059 182839 SH SOLE 128211 0 54628 Procter & Gamble COMMON 742718109 190098 1734031 SH SOLE 1216585 0 517446 US Bancorp COMMON 902973304 183412 3476699 SH SOLE 2438084 0 1038615 Royal Bank of Canada COMMON 780087102 26474 332300 SH SOLE 238287 0 94013 Travelers Cos Inc COMMON 89417E109 201970 1350779 SH SOLE 946213 0 404566 Merck & Co Inc COMMON 58933Y105 195858 2321040 SH SOLE 1629746 0 691294 Bunge Ltd COMMON G16962105 104211 1870751 SH SOLE 1315410 0 555341 Canadian Pacific Railway Ltd COMMON 13645T100 46353 195879 SH SOLE 140445 0 55434 Tanger Factory Outlet Center COMMON 875465106 37902 2338177 SH SOLE 1536797 0 801380 Texas Instruments Inc COMMON 882508104 191185 1666299 SH SOLE 1167565 0 498734 Toronto-Dominion Bank COMMON 891160509 28116 480072 SH SOLE 344259 0 135813 Union Pacific Corp COMMON 907818108 78114 461914 SH SOLE 323881 0 138033 United Technologies Corp COMMON 913017109 67496 518445 SH SOLE 377235 0 141210 Waters Corp COMMON 941848103 102329 475437 SH SOLE 332979 0 142458 Weyerhaeuser Co COMMON 962166104 45047 1710414 SH SOLE 1124677 0 585737 Williams-Sonoma Inc COMMON 969904101 26233 403577 SH SOLE 283740 0 119837 Wolverine World Wide Inc COMMON 978097103 22941 830127 SH SOLE 583623 0 246504 Carmax Inc COMMON 143130102 98186 1130844 SH SOLE 792584 0 338260 Xilinx Inc COMMON 983919101 15450 131020 SH SOLE 91543 0 39477 TJX Companies Inc COMMON 872540109 60383 1141959 SH SOLE 797988 0 343971 Marketaxess Holdings COMMON 57060D108 44474 138367 SH SOLE 96685 0 41682 Dolby Laboratories Inc-CL A COMMON 25659T107 44209 684400 SH SOLE 478228 0 206172 Baidu Inc - Spon ADR COMMON 056752108 132987 1133149 SH SOLE 800893 0 332256 Bce Inc COMMON 05534B760 24778 536343 SH SOLE 384605 0 151738 Bank of New York Mellon Corp COMMON 064058100 68439 1550270 SH SOLE 1086781 0 463489 Genpact Ltd COMMON G3922B107 42300 1110582 SH SOLE 953658 0 156924 Ulta Beauty Inc COMMON 90384S303 35123 101252 SH SOLE 70750 0 30502 Franco-Nevada Corp COMMON 351858105 22487 264209 SH SOLE 189453 0 74756 Chubb Ltd COMMON H1467J104 91127 615623 SH SOLE 431595 0 184028 Accenture Plc COMMON G1151C101 44087 238614 SH SOLE 167306 0 71308 Visteon Corp COMMON 92839U206 37219 635353 SH SOLE 446759 0 188594 First Republic Bank/CA COMMON 33616C100 47838 490018 SH SOLE 358787 0 131231 TE Connectivity Ltd COMMON H84989104 71893 750622 SH SOLE 527776 0 222846 Globus Medical Inc A COMMON 379577208 32464 767432 SH SOLE 536249 0 231183 Facebook Inc A COMMON 30303M102 160287 830514 SH SOLE 582115 0 248399 Priceline.com Inc COMMON 09857L108 186273 99369 SH SOLE 69640 0 29729 Now Inc COMMON 67011P100 16732 1133661 SH SOLE 792111 0 341550 Axalta Coating Systems Ltd COMMON G0750C108 43238 1452354 SH SOLE 1020922 0 431432 Coca-Cola European Partners COMMON G25839104 71196 1261021 SH SOLE 931050 0 329971 Alphabet Inc. - Class A COMMON 02079K305 167788 154972 SH SOLE 108765 0 46207 PayPal Holdings Inc. COMMON 70450Y103 64850 566588 SH SOLE 398392 0 168196 Yum China Holdings Inc COMMON 98850P109 106644 2308352 SH SOLE 1635107 0 673245 Alphabet Inc. - Class C COMMON 02079K107 121352 112272 SH SOLE 78566 0 33706 Univar Inc COMMON 91336L107 31920 1448183 SH SOLE 1018242 0 429941 Linde PLC COMMON G5494J103 70488 351035 SH SOLE 245590 0 105445