Chief Compliance Officer

0001040592-21-000003.txt : 20210202 0001040592-21-000003.hdr.sgml : 20210202 20210202120852 ACCESSION NUMBER: 0001040592-21-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201231 FILED AS OF DATE: 20210202 DATE AS OF CHANGE: 20210202 EFFECTIVENESS DATE: 20210202 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: 21579775 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 false false 0001040592 XXXXXXXX 12-31-2020 12-31-2020 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 Chief Compliance Officer 442074972211 James Bennett London X0 02-02-2021 0 106 7112958 INFORMATION TABLE 2 infotable.xml Abiomed Inc COMMON 003654100 32977 101721 SH SOLE 98084 0 3637 Alleghany Corp COMMON 017175100 37789 62591 SH SOLE 60295 0 2296 Barrick Gold Corp COMMON 067901108 84128 3691988 SH SOLE 2045970 0 1646018 American Express Co COMMON 025816109 96646 799348 SH SOLE 770505 0 28843 Aflac Inc COMMON 001055102 36619 823465 SH SOLE 793372 0 30093 Analog Devices Inc COMMON 032654105 63367 428988 SH SOLE 414423 0 14565 Applied Materials Inc COMMON 038222105 69416 804405 SH SOLE 775277 0 29128 Albemarle Corp COMMON 012653101 41638 281262 SH SOLE 271280 0 9982 Archer-Daniels-Midland Co. COMMON 039483102 147195 2920011 SH SOLE 2813653 0 106358 Automatic Data Processing COMMON 053015103 42867 242038 SH SOLE 233794 0 8244 Autozone Inc COMMON 053332102 108912 91871 SH SOLE 88682 0 3189 Berkshire Hathaway Inc COMMON 084670702 76874 331548 SH SOLE 320548 0 11000 Bancolombia Sa -Pref COMMON 05968L102 27154 670477 SH SOLE 590608 0 79869 Baxter International Inc COMMON 071813109 45120 560672 SH SOLE 540192 0 20480 Brookfield Asset Management-CL A COMMON 112585104 135262 3274063 SH SOLE 3021293 0 252770 Pricesmart Inc COMMON 741511109 36938 405515 SH SOLE 354804 0 50711 Taiwan Semiconductor Manufacturing Co Ltd COMMON 874039100 12463 113932 SH SOLE 0 0 113932 C H Robinson Worldwide Inc COMMON 12541W209 102771 1089152 SH SOLE 1051246 0 37906 Rogers Communications Inc COMMON 775109200 15485 330148 SH SOLE 293554 0 36594 Canadian Natural Resources COMMON 136385101 37581 1544286 SH SOLE 1375578 0 168708 Coca Cola Co COMMON 191216100 56941 1038373 SH SOLE 1000308 0 38065 Colgate Palmolive Co COMMON 194162103 42690 499282 SH SOLE 482304 0 16978 Compania De Minas Buenaventura Spon ADR COMMON 204448104 9877 810311 SH SOLE 0 0 810311 Fomento Economico Mexicano Spon ADR COMMON 344419106 60249 795174 SH SOLE 0 0 795174 Gildan Activewear Inc COMMON 375916103 54190 1940218 SH SOLE 1830877 0 109341 Omnicom Group COMMON 681919106 10307 163608 SH SOLE 157328 0 6280 Citigroup Inc COMMON 172967424 41680 675978 SH SOLE 653272 0 22706 Electronic Arts Inc COMMON 285512109 95063 661999 SH SOLE 639096 0 22903 Expeditors Intl Wash Inc COMMON 302130109 52597 553050 SH SOLE 534283 0 18767 Fastenal Co COMMON 311900104 60258 1234127 SH SOLE 1189928 0 44199 M & T Bank Corp COMMON 55261F104 42718 335581 SH SOLE 323686 0 11895 Ritchie Bros Auctioneers COMMON 767744105 70980 1022116 SH SOLE 934543 0 87573 FTI Consulting Inc COMMON 302941109 48153 431013 SH SOLE 415204 0 15809 Freeport-McMoran Inc COMMON 35671D857 42980 1651838 SH SOLE 1448266 0 203572 Grupo Televisa Sa-Spons Adr COMMON 40049J206 15160 1839833 SH SOLE 0 0 1839833 Healthcare Services Group COMMON 421906108 48750 1734881 SH SOLE 1671019 0 63862 KT Corp ADR COMMON 48268K101 29126 2645458 SH SOLE 0 0 2645458 The Hershey Company COMMON 427866108 105533 692799 SH SOLE 668755 0 24044 Intel Corp COMMON 458140100 104457 2096643 SH SOLE 2022524 0 74119 Rayonier Inc COMMON 754907103 35343 1202953 SH SOLE 1169474 0 33479 Johnson and Johnson COMMON 478160104 248505 1579170 SH SOLE 1523650 0 55520 Hartford Financial SVCS Group Inc COMMON 416515104 56501 1146141 SH SOLE 1107960 0 38181 Kimberly-Clark Corp COMMON 494368103 63039 465168 SH SOLE 448658 0 16510 United Parcel Services Cl B COMMON 911312106 85500 507776 SH SOLE 489465 0 18311 Loews Corp COMMON 540424108 45357 1007508 SH SOLE 970704 0 36804 Magna International Inc COMMON 559222401 20761 293522 SH SOLE 261455 0 32067 Markel Corp COMMON 570535104 69812 67565 SH SOLE 65167 0 2398 Maxim Integrated Products COMMON 57772K101 62699 707351 SH SOLE 683275 0 24076 Activision Blizzard COMMON 00507V109 46655 502503 SH SOLE 484690 0 17813 3M Co COMMON 88579Y101 25941 148422 SH SOLE 143366 0 5056 National Oilwell Varco COMMON 637071101 30331 2209100 SH SOLE 2128442 0 80658 Wells Fargo COMMON 949746101 147890 4900451 SH SOLE 4725952 0 174499 Oracle Corp COMMON 68389X105 263669 4076019 SH SOLE 3932267 0 143752 Paccar Inc COMMON 693718108 34591 397856 SH SOLE 383635 0 14221 Paychex Inc COMMON 704326107 66222 710749 SH SOLE 687060 0 23689 Pepsico Inc COMMON 713448108 45131 302318 SH SOLE 291509 0 10809 PPG Industries Inc COMMON 693506107 84719 587431 SH SOLE 566251 0 21180 Costco Wholesale Corp COMMON 22160K105 39018 103564 SH SOLE 99768 0 3796 Procter & Gamble COMMON 742718109 76932 552971 SH SOLE 534166 0 18805 US Bancorp COMMON 902973304 56910 1211065 SH SOLE 1169881 0 41184 Travelers Companies Inc COMMON 89417E109 136142 969890 SH SOLE 936321 0 33569 Merck & Co Inc COMMON 58933Y105 176197 2137533 SH SOLE 2062196 0 75337 Bunge Ltd COMMON G16962105 113811 1735561 SH SOLE 1671908 0 63653 Canadian Pacific Railway Ltd COMMON 13645T100 51255 147590 SH SOLE 131467 0 16123 Tanger Factory Outlet Center COMMON 875465106 16981 1704913 SH SOLE 1657495 0 47418 Texas Instruments Inc COMMON 882508104 151049 920333 SH SOLE 888539 0 31794 Union Pacific Corp COMMON 907818108 57627 276793 SH SOLE 267400 0 9393 Waters Corp COMMON 941848103 95115 384428 SH SOLE 371285 0 13143 Wabtec Corp COMMON 929740108 39133 534598 SH SOLE 515001 0 19597 Weyerhaeuser Co COMMON 962166104 51410 1533369 SH SOLE 1490692 0 42677 CME Group Inc COMMON 12572Q105 38663 209627 SH SOLE 202492 0 7135 Carmax Inc COMMON 143130102 76369 808545 SH SOLE 779524 0 29021 TJX Companies Inc COMMON 872540109 72366 1059638 SH SOLE 1021766 0 37872 Marketaxess Holdings COMMON 57060D108 40714 71370 SH SOLE 68837 0 2533 Dolby Laboratories Inc-CL A COMMON 25659T107 66585 685541 SH SOLE 661012 0 24529 Baidu Inc - Spon ADR COMMON 056752108 320967 1484335 SH SOLE 0 0 1484335 Bce Inc COMMON 05534B760 17510 403952 SH SOLE 359821 0 44131 Bank of New York Mellon Corp COMMON 064058100 48073 1132763 SH SOLE 1095055 0 37708 Genpact Ltd COMMON G3922B107 78343 1894175 SH SOLE 1681952 0 212223 Franco-Nevada Corp COMMON 351858105 24934 199032 SH SOLE 177289 0 21743 Chubb Limited COMMON H1467J104 35939 232315 SH SOLE 224409 0 7906 Visteon Corp. COMMON 92839U206 45814 365001 SH SOLE 351669 0 13332 First Republic Bank COMMON 33616C100 78853 536697 SH SOLE 517510 0 19187 Kar Auction Services Inc COMMON 48238T109 70119 3768050 SH SOLE 3629854 0 138196 TE Connectivity Ltd COMMON H84989104 52226 431369 SH SOLE 415613 0 15756 Globus Medical Inc A COMMON 379577208 50186 769508 SH SOLE 741942 0 27566 Facebook Inc A COMMON 30303M102 154408 565298 SH SOLE 545013 0 20285 Blackberry Ltd COMMON 09228F103 25287 3816972 SH SOLE 3392441 0 424531 Booking Holdings Inc COMMON 09857L108 213614 95931 SH SOLE 92601 0 3330 Huya Inc COMMON 44852D108 188 9439 SH SOLE 0 0 9439 Eventbrite Inc - Class A COMMON 29975E109 27526 1520885 SH SOLE 1466949 0 53936 Autohome Inc - Class A COMMON 05278C107 327 3278 SH SOLE 0 0 3278 Ctrip.com International ADR COMMON 89677Q107 22655 671653 SH SOLE 0 0 671653 Otis Worldwide Corp COMMON 68902V107 25866 382917 SH SOLE 378377 0 4540 Inmode Ltd COMMON M5425M103 184 3871 SH SOLE 3871 0 0 Aon Plc COMMON G0403H108 52326 247688 SH SOLE 239257 0 8431 Raytheon Technologies Corp COMMON 75513E101 20972 293258 SH SOLE 293258 0 0 Arista Networks Inc COMMON 040413106 29520 101600 SH SOLE 97966 0 3634 Axalta Coating Systems Ltd COMMON G0750C108 29342 1027749 SH SOLE 990197 0 37552 MOMO Inc ADR COMMON 60879B107 50 3598 SH SOLE 0 0 3598 Coca-Cola European Partners COMMON G25839104 108850 2185230 SH SOLE 1992544 0 192686 Alphabet Inc - Class A COMMON 02079K305 183574 104753 SH SOLE 101071 0 3682 PayPal Holdings Inc. COMMON 70450Y103 60207 257077 SH SOLE 247648 0 9429 Yum China Holdings Inc COMMON 98850P109 110960 1943594 SH SOLE 1739152 0 204442 Alphabet Inc - Class C COMMON 02079K107 139802 79804 SH SOLE 76951 0 2853 Linde PLC COMMON G5494J103 52482 199178 SH SOLE 192052 0 7126