0001861026-23-000013.txt : 20231106 0001861026-23-000013.hdr.sgml : 20231106 20231106113139 ACCESSION NUMBER: 0001861026-23-000013 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231106 DATE AS OF CHANGE: 20231106 EFFECTIVENESS DATE: 20231106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Marathon Asset Management Ltd CENTRAL INDEX KEY: 0001861026 IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-21396 FILM NUMBER: 231379026 BUSINESS ADDRESS: STREET 1: ORION HOUSE STREET 2: 5 UPPER ST. MARTIN'S LANE CITY: LONDON STATE: X0 ZIP: WC2H 9EA BUSINESS PHONE: 44 0 2074972211 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 Mgmt Ltd DATE OF NAME CHANGE: 20210506 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false true false 0001861026 XXXXXXXX 09-30-2023 09-30-2023 false Marathon Asset Management Ltd

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

13F HOLDINGS REPORT 028-21396 N James Bennett 442074972211 James Bennett London X0 11-06-2023 0 88 3221877916 INFORMATION TABLE 2 infotable.xml ALIGN TECHNOLOGY INC COMMON 016255101 17369741 56891 SH SOLE 54387 0 2504 ANALOG DEVICES INC COMMON 032654105 51204195 292445 SH SOLE 276572 0 15873 ARCHER DANIELS MIDLAND CO COMMON 039483102 16244875 215391 SH SOLE 205027 0 10364 AUTODESK INC COMMON 052769106 46821779 226291 SH SOLE 215769 0 10522 AUTOZONE INC COMMON 053332102 19268364 7586 SH SOLE 7403 0 183 BAIDU INC COMMON 056752108 64609049 480901 SH SOLE 0 0 480901 BANK NOVA SCOTIA HALIFAX COMMON 064149107 31595574 689844 SH SOLE 475212 0 214632 BARRICK GOLD CORP COMMON 067901108 3731386 256426 SH SOLE 248344 0 8082 BROOKFIELD ASSET MANAGMT LTD COMMON 113004105 18915716 564199 SH SOLE 388840 0 175359 CANADIAN NAT RES LTD COMMON 136385101 108263984 1649598 SH SOLE 1128035 0 521563 CARMAX INC COMMON 143130102 10552078 149189 SH SOLE 142018 0 7171 COCA COLA CONS INC COMMON 191098102 22921285 36024 SH SOLE 34297 0 1727 DOLLAR TREE INC COMMON 256746108 25639993 240866 SH SOLE 229273 0 11593 ELECTRONIC ARTS INC COMMON 285512109 41510197 344768 SH SOLE 329777 0 14991 FTI CONSULTING INC COMMON 302941109 17373527 97380 SH SOLE 92693 0 4687 FAIR ISAAC CORP COMMON 303250104 37269698 42912 SH SOLE 41073 0 1839 FASTENAL CO COMMON 311900104 31492201 576358 SH SOLE 549522 0 26836 FISERV INC COMMON 337738108 64024796 566786 SH SOLE 541863 0 24923 FRANCO NEV CORP COMMON 351858105 42067665 313638 SH SOLE 216091 0 97547 GILDAN ACTIVEWEAR INC COMMON 375916103 17925511 636469 SH SOLE 438555 0 197914 HEALTHCARE SVCS GROUP INC COMMON 421906108 17423469 1670642 SH SOLE 1590773 0 79869 INFOSYS LTD COMMON 456788108 56124000 3280187 SH SOLE 0 0 3280187 JOHNSON & JOHNSON COMMON 478160104 42765965 274578 SH SOLE 261869 0 12709 MAGNA INTL INC COMMON 559222401 19526727 362460 SH SOLE 249777 0 112683 MARKEL GROUP INC COMMON 570535104 67071180 45550 SH SOLE 43526 0 2024 MARSH & MCLENNAN COS INC COMMON 571748102 19684679 103440 SH SOLE 100942 0 2498 MICROSOFT CORP COMMON 594918104 120751691 382430 SH SOLE 363197 0 19233 MICRON TECHNOLOGY INC COMMON 595112103 35819156 526520 SH SOLE 502039 0 24481 NEWMONT CORP COMMON 651639106 24546846 664326 SH SOLE 632342 0 31984 GEN DIGITAL INC COMMON 668771108 19301899 1091761 SH SOLE 1039444 0 52317 PROGRESSIVE CORP COMMON 743315103 35896740 257693 SH SOLE 245682 0 12011 ROGERS COMMUNICATIONS INC COMMON 775109200 15890756 407787 SH SOLE 280997 0 126790 HENRY SCHEIN INC COMMON 806407102 20273814 273048 SH SOLE 259967 0 13081 TJX COS INC NEW COMMON 872540109 65749133 739745 SH SOLE 705352 0 34393 TAIWAN SEMICONDUCTOR MFG LTD COMMON 874039100 3234132 37058 SH SOLE 0 0 37058 TELEFLEX INCORPORATED COMMON 879369106 23516909 119734 SH SOLE 114450 0 5284 THERMO FISHER SCIENTIFIC INC COMMON 883556102 62399455 123197 SH SOLE 117836 0 5361 UNITED PARCEL SERVICE INC COMMON 911312106 24125714 154781 SH SOLE 147591 0 7190 VONTIER CORPORATION COMMON 928881101 28357412 917122 SH SOLE 873014 0 44108 WABTEC COMMON 929740108 24638381 231847 SH SOLE 220735 0 11112 WELLS FARGO CO NEW COMMON 949746101 23166149 566964 SH SOLE 539806 0 27158 WEYERHAEUSER CO MTN BE COMMON 962166104 14205115 463311 SH SOLE 450862 0 12449 ADOBE INC COMMON 00724F101 71032234 139306 SH SOLE 132389 0 6917 ALPHABET INC COMMON 02079K107 52156475 395578 SH SOLE 377183 0 18395 ALPHABET INC COMMON 02079K305 85522874 653554 SH SOLE 625972 0 27582 BCE INC COMMON 05534B760 19506821 499458 SH SOLE 344256 0 155202 BAKER HUGHES COMPANY COMMON 05722G100 28951204 819683 SH SOLE 780232 0 39451 BOOKING HOLDINGS INC COMMON 09857L108 56822827 18425 SH SOLE 17602 0 823 BROOKFIELD CORP COMMON 11271J107 70968930 2258458 SH SOLE 1556887 0 701571 C H ROBINSON WORLDWIDE INC COMMON 12541W209 12480289 143972 SH SOLE 137076 0 6896 CME GROUP INC COMMON 12572Q105 39662581 198095 SH SOLE 188884 0 9211 CABLE ONE INC COMMON 12685J105 24168477 39262 SH SOLE 37373 0 1889 CANADIAN PACIFIC KANSAS CITY COMMON 13646K108 68191654 911555 SH SOLE 628223 0 283332 CANNAE HLDGS INC COMMON 13765N107 14669665 787033 SH SOLE 749130 0 37903 DONNELLEY FINL SOLUTIONS INC COMMON 25787G100 27232417 483860 SH SOLE 460570 0 23290 META PLATFORMS INC COMMON 30303M102 77904600 259502 SH SOLE 248196 0 11306 FREEPORT-MCMORAN INC COMMON 35671D857 20081210 538507 SH SOLE 505762 0 32745 HDFC BANK LTD COMMON 40415F101 121916902 2066038 SH SOLE 0 0 2066038 IQVIA HLDGS INC COMMON 46266C105 38689554 196644 SH SOLE 187894 0 8750 OPENLANE INC COMMON 48238T109 31458172 2108513 SH SOLE 2007319 0 101194 KENVUE INC COMMON 49177J102 5888741 293264 SH SOLE 279584 0 13680 M & T BK CORP COMMON 55261F104 14619011 115611 SH SOLE 110064 0 5547 MASTERCARD INCORPORATED COMMON 57636Q104 57097846 144308 SH SOLE 137958 0 6350 MERCK & CO INC COMMON 58933Y105 45141161 435634 SH SOLE 415393 0 20241 NLIGHT INC COMMON 65487K100 12109198 1164346 SH SOLE 1108310 0 56036 ORACLE CORP COMMON 68389X105 43160494 407476 SH SOLE 389349 0 18127 ORGANON & CO COMMON 68622V106 17504626 1008331 SH SOLE 959782 0 48549 PAYCOM SOFTWARE INC COMMON 70432V102 29498750 113776 SH SOLE 108486 0 5290 RB GLOBAL INC COMMON 74935Q107 53359700 848311 SH SOLE 584735 0 263576 S&P GLOBAL INC COMMON 78409V104 52158623 142740 SH SOLE 136456 0 6284 SEALED AIR CORP NEW COMMON 81211K100 25597480 778986 SH SOLE 741494 0 37492 SOUTHERN COPPER CORP COMMON 84265V105 82474849 1095429 SH SOLE 984300 0 111129 TERADATA CORP DEL COMMON 88076W103 25950713 576411 SH SOLE 548772 0 27639 TRANSUNION COMMON 89400J107 41434451 577165 SH SOLE 551421 0 25744 TRIP COM GROUP LTD COMMON 89677Q107 5483821 156815 SH SOLE 0 0 156815 VIMEO INC COMMON 92719V100 8582861 2424537 SH SOLE 2307966 0 116571 VIPSHOP HLDGS LTD COMMON 92763W103 48360655 3020653 SH SOLE 2714707 0 305946 VISA INC COMMON 92826C839 41212152 179174 SH SOLE 171336 0 7838 VISTRA CORP COMMON 92840M102 20399263 614806 SH SOLE 576285 0 38521 YUM CHINA HLDGS INC COMMON 98850P109 23491998 421608 SH SOLE 418664 0 2944 AXALTA COATING SYS LTD COMMON G0750C108 20862255 775560 SH SOLE 738396 0 37164 COCA-COLA EUROPACIFIC PARTNE COMMON G25839104 93222400 1491836 SH SOLE 1356725 0 135111 LINDE PLC COMMON G54950103 29004060 77893 SH SOLE 74271 0 3622 MANCHESTER UTD PLC NEW COMMON G5784H106 14735260 744610 SH SOLE 711157 0 33453 ROYALTY PHARMA PLC COMMON G7709Q104 20784708 765833 SH SOLE 729113 0 36720 INMODE LTD COMMON M5425M103 1978407 64951 SH SOLE 64951 0 0 LYONDELLBASELL INDUSTRIES N COMMON N53745100 28574674 301742 SH SOLE 293892 0 7850 COPA HOLDINGS SA COMMON P31076105 44501937 494756 SH SOLE 489038 0 5718