Q2 2026 13F · SEC CIK 1572748

Marathon Trading Investment Management LLC

Asset managerFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $877.1M
Reported positions: 141
Top holdings a year, 3 yrs: +24.9%
Average holding period: 1.4 yrs

Marathon Trading Investment Management LLC is an asset manager that reported 141 positions worth $877.1M in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Nvidia Corporation Com (NVDA, 22.4%), Tesla Inc Com (TSLA, 14.4%), Alphabet Inc (GOOGL, 9.5%). A portfolio copying its top holdings returned 24.9% a year over the last 3 years, against 20.4% for the S&P 500.

Marathon Trading Investment Management LLC holdings largest 50 of 141 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Marathon Trading Investment Management LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation Com	22.4%	3.3%	983,993	+1427.3%	$196.9M
TSLATesla Inc Com	14.4%	6.9%	300,827	+381.4%	$126.5M
GOOGLAlphabet Inc	9.5%	—	232,527	—	$83.1M
TSMTaiwan Semiconductor Manufac	8.2%	—	150,337	—	$71.8M
METAMeta Platforms Inc Class A	7.8%	0.2%	121,114	+12542.4%	$68.2M
AMZNAmazon Com Inc Com	6.1%	0.2%	222,872	+5556.6%	$53.1M
BEBloom Energy Corp	5.3%	6.0%	154,951	+3.1%	$46.9M
SPYSpdr S&p 500 ETF Tr	4.9%	6.1%	57,541	+81.4%	$43.0M
MSFTMicrosoft Corp	4.8%	22.6%	111,987	-45.6%	$41.8M
MUMicron Technology Inc	2.3%	—	17,417	—	$20.1M
AAPLApple Inc	1.8%	—	54,342	—	$15.7M
GDXVaneck Gold Miners ETF	1.7%	2.8%	202,219	+98.2%	$15.3M
GLDSpdr Gold Shares	0.8%	9.6%	19,055	-74.6%	$7.0M
MSTRStrategy Inc	0.5%	4.2%	53,956	-51.8%	$4.7M
NBISNebius Group N.v. Shs Class A	0.5%	—	16,693	—	$4.6M
USOUnited Sts Oil Fd LP	0.5%	0.5%	42,797	+244.1%	$4.6M
IBITIshares Bitcoin Trust ETF	0.5%	2.6%	123,925	-46.5%	$4.1M
APLDApplied Digital Corp	0.4%	0.7%	97,500	+2.1%	$3.6M
QQQInvesco Qqq Tr	0.4%	—	4,886	—	$3.6M
VSNTVVersant Media Group Inc	0.4%	2.1%	91,248	-52.6%	$3.3M
BAC-PLBank of Amer Corp	0.4%	0.9%	2,464	+0.0%	$3.1M
IGVIshares Tr	0.3%	—	28,470	—	$2.6M
NFLXNetflix Inc Total	0.3%	—	33,229	—	$2.4M
OKLOOklo Inc	0.3%	—	42,000	—	$2.2M
JDJd.com Inc	0.3%	1.1%	86,033	-33.9%	$2.2M
PLTRPalantir Technologies Inclass Class A	0.2%	—	16,089	—	$1.9M
IRENIren Limited	0.2%	—	36,981	—	$1.7M
OPENOpendoor Technologies Inc	0.2%	0.5%	341,100	-0.0%	$1.6M
EWJIshares Inc	0.2%	—	16,000	—	$1.5M
NOWServicenow Inc Com	0.2%	—	15,000	—	$1.5M
KWEBKraneshares Trust	0.2%	0.4%	60,259	+24.9%	$1.5M
BABAAlibaba Group Hldg Ltd	0.2%	4.0%	14,497	-86.5%	$1.4M
DJTTrump Media & Technology Gro	0.2%	0.4%	177,359	+16.3%	$1.4M
ZSZscaler Inc	0.1%	—	9,075	—	$1.3M
SBETSharplink Inc	0.1%	1.0%	266,583	-49.0%	$1.3M
UNHUnitedhealth Group Inc Com	0.1%	0.8%	3,049	-69.2%	$1.3M
KRESpdr Series Trust	0.1%	0.4%	16,800	-23.7%	$1.3M
TAt&t Inc Com	0.1%	—	60,000	—	$1.2M
CBRSCerebras Systems Inc	0.1%	—	5,000	—	$1.1M
NKENike Inc Cl B	0.1%	—	26,700	—	$1.1M
INTUIntuit	0.1%	0.2%	4,000	+135.3%	$1.0M
CRMSalesforce Inc Com	0.1%	—	6,400	—	$1.0M
FXIIshares China Lrg Cap ETF	0.1%	—	31,400	—	$992K
RIVNRivian Automotive Inc	0.1%	0.8%	49,577	-72.1%	$860K
SOFISofi Technologies Inc	0.1%	—	46,737	—	$838K
COSTCostco Whsl Corp New	0.1%	—	800	—	$748K
CORZCore Scientific Inc New Com	0.1%	0.2%	27,818	-50.3%	$712K
CRCLCircle Internet Group Inc	0.1%	0.5%	10,067	-39.9%	$630K
QCOMQualcomm Inc	0.1%	—	3,350	—	$619K
INTCIntel Corp	0.1%	0.4%	4,172	-86.3%	$583K

What Marathon Trading Investment Management LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

META Meta Platforms Inc Class A+12542.4% shares
AMZN Amazon Com Inc Com+5556.6% shares
NVDA Nvidia Corporation Com+1427.3% shares
TSLA Tesla Inc Com+381.4% shares
USO United Sts Oil Fd LP+244.1% shares
INTU Intuit+135.3% shares
GDX Vaneck Gold Miners ETF+98.2% shares
SPY Spdr S&p 500 ETF Tr+81.4% shares

Reduced

BABA Alibaba Group Hldg Ltd-86.5% shares
INTC Intel Corp-86.3% shares
GLD Spdr Gold Shares-74.6% shares
RIVN Rivian Automotive Inc-72.1% shares
UNH Unitedhealth Group Inc Com-69.2% shares
VSNTV Versant Media Group Inc-52.6% shares
MSTR Strategy Inc-51.8% shares
CORZ Core Scientific Inc New Com-50.3% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +19.6% /yr; S&P 500 +20.1%
3 years: +24.9% /yr; S&P 500 +20.4%
5 years: +10.9% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$877.1M	141
Q1 2026	$336.9M	150
Q4 2025	$837.2M	182
Q3 2025	$235.8M	136
Q2 2025	$166.7M	128
Q1 2025	$188.4M	157
Q4 2024	$601.1M	146
Q3 2024	$214.6M	121
Q2 2024	$373.4M	161
Q1 2024	$252.4M	208
Q4 2023	$518.8M	172
Q3 2023	$130.6M	139

Questions about Marathon Trading Investment Management LLC's portfolio

What stocks does Marathon Trading Investment Management LLC own?

Marathon Trading Investment Management LLC's latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 141 positions worth $877.1M. The largest are Nvidia Corporation Com (NVDA) at 22.4%, Tesla Inc Com (TSLA) at 14.4%, Alphabet Inc (GOOGL) at 9.5%, Taiwan Semiconductor Manufac (TSM) at 8.2% and Meta Platforms Inc Class A (META) at 7.8%.

What did Marathon Trading Investment Management LLC buy last quarter?

In Q2 2026, Marathon Trading Investment Management LLC added Meta Platforms Inc Class A (META) (+12542.4% shares), Amazon Com Inc Com (AMZN) (+5556.6% shares) and Nvidia Corporation Com (NVDA) (+1427.3% shares), compared with its Q1 2026 filing.

What did Marathon Trading Investment Management LLC sell last quarter?

In Q2 2026, Marathon Trading Investment Management LLC cut from its top 50 Broadcom Inc (AVGO), cut from its top 50 Oracle Corp (ORCL), cut from its top 50 Mara Holdings Inc (MARA), cut from its top 50 Boeing Co (BA), cut from its top 50 Pdd Holdings Inc (PDD), Alibaba Group Hldg Ltd (BABA) (-86.5% shares), Intel Corp (INTC) (-86.3% shares) and Spdr Gold Shares (GLD) (-74.6% shares), compared with its Q1 2026 filing.

How has Marathon Trading Investment Management LLC's portfolio performed?

A portfolio copying Marathon Trading Investment Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +24.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +19.6% against +20.1%. Over 5 years: +10.9% a year against +11.6%.

When is Marathon Trading Investment Management LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Marathon Trading Investment Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.