MARATHON ASSET MANAGEMENT LP Hedge Fund

CIK: 0001279913 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: May 15, 2014

Total Value ($000): $1,276,890 (100.0% shares, 0.0% debt)

Holdings (36)

SPY SPDR S&P 500 ETF TR 38.1%

Value ($000) $486,303 Shares 2,600,000 Est. Cost — Unrealized —

IWM ISHARES 9.1%

Value ($000) $116,340 Shares 1,000,000 Est. Cost — Unrealized —

MPC MARATHON PETE CORP 5.9%

Value ($000) $75,705 Shares 869,772 Est. Cost $26.07 Unrealized +17.9%

F FORD MTR CO DEL 5.5%

Value ($000) $70,199 Shares 4,500,000 Est. Cost $8.57 Unrealized -2.3%

GM GENERAL MTRS CO 5.1%

Value ($000) $64,710 Shares 1,880,000 Est. Cost $25.99 Unrealized +5.5%

AGO ASSURED GUARANTY LTD 3.9%

Value ($000) $49,446 Shares 1,952,796 Est. Cost $17.63 Unrealized +9.3%

MBI MBIA INC 3.7%

Value ($000) $47,683 Shares 3,408,433 Est. Cost $5.48 Unrealized +1.4%

— CHENIERE ENERGY PTNRS LP HLD 3.7%

Value ($000) $47,666 Shares 2,207,750 Est. Cost $20.56 Unrealized —

— CIT GROUP INC 3.2%

Value ($000) $41,117 Shares 838,799 Est. Cost $47.25 Unrealized —

— HOLLYFRONTIER CORP 3.1%

Value ($000) $39,016 Shares 820,000 Est. Cost $49.64 Unrealized —

— HERTZ GLOBAL HOLDINGS INC 2.8%

Value ($000) $35,167 Shares 1,320,000 Est. Cost $24.40 Unrealized —

— NATIONSTAR MTG HLDGS INC 2.3%

Value ($000) $29,410 Shares 906,000 Est. Cost $35.69 Unrealized —

— DELEK US HLDGS INC 1.9%

Value ($000) $24,604 Shares 847,222 Est. Cost $29.04 Unrealized —

GM GENERAL MTRS CO 1.6%

Value ($000) $20,653 Shares 600,000 Est. Cost $25.99 Unrealized +5.5%

— MERITOR INC 1.6%

Value ($000) $20,449 Shares 1,669,300 Est. Cost $11.43 Unrealized —

— KINDER MORGAN ENERGY PARTNER 1.5%

Value ($000) $19,633 Shares 265,500 Est. Cost — Unrealized —

— DFC GLOBAL CORP 1.0%

Value ($000) $12,505 Shares 1,416,027 Est. Cost $8.83 Unrealized —

BCS BARCLAYS PLC 0.8%

Value ($000) $9,811 Shares 624,995 Est. Cost $17.26 Unrealized —

BAC BANK OF AMERICA CORPORATION 0.6%

Value ($000) $8,256 Shares 480,000 Est. Cost — Unrealized —

— WALTER ENERGY INC 0.6%

Value ($000) $7,559 Shares 1,000,000 Est. Cost — Unrealized —

— NEW RESIDENTIAL INVT CORP 0.6%

Value ($000) $7,188 Shares 1,110,944 Est. Cost $6.72 Unrealized —

— TWO HBRS INVT CORP 0.5%

Value ($000) $6,119 Shares 597,015 Est. Cost $10.21 Unrealized —

WTI W & T OFFSHORE INC 0.4%

Value ($000) $5,276 Shares 304,807 Est. Cost $15.07 Unrealized 0.0%

— CHIMERA INVT CORP 0.4%

Value ($000) $4,829 Shares 1,578,000 Est. Cost $3.00 Unrealized —

— YAHOO INC 0.4%

Value ($000) $4,667 Shares 130,000 Est. Cost $35.90 Unrealized —

— QUICKSILVER RESOURCES INC 0.3%

Value ($000) $4,033 Shares 1,533,256 Est. Cost $1.88 Unrealized —

— YAHOO INC 0.3%

Value ($000) $3,590 Shares 100,000 Est. Cost $35.90 Unrealized —

PMT PENNYMAC MTG INVT TR 0.3%

Value ($000) $3,585 Shares 150,000 Est. Cost $21.05 Unrealized —

— ALON USA ENERGY INC 0.2%

Value ($000) $2,393 Shares 160,204 Est. Cost $16.54 Unrealized —

AAL AMERICAN AIRLS GROUP INC 0.2%

Value ($000) $2,147 Shares 58,670 Est. Cost $21.78 Unrealized +47.4%

— MIDSTATES PETE CO INC 0.1%

Value ($000) $1,791 Shares 334,000 Est. Cost $5.60 Unrealized —

LADR LADDER CAP CORP 0.1%

Value ($000) $1,517 Shares 80,328 Est. Cost $18.89 Unrealized —

— FOREST OIL CORP 0.1%

Value ($000) $1,432 Shares 750,000 Est. Cost $1.91 Unrealized —

— DYNEGY INC NEW DEL 0.1%

Value ($000) $1,427 Shares 815,166 Est. Cost $1.85 Unrealized —

— ALTISOURCE RESIDENTIAL CORP 0.0%

Value ($000) $365 Shares 11,556 Est. Cost $16.61 Unrealized —

— HOUGHTON MIFFLIN HARCOURT CO 0.0%

Value ($000) $299 Shares 147,611 Est. Cost $17.38 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	2,600,000	$486,303	38.1%	—	—	Call	78462F103
IWM	ISHARES	1,000,000	$116,340	9.1%	—	—	Put	464287655
MPC	MARATHON PETE CORP	869,772	$75,705	5.9%	$26.07	+17.9%	COM	56585A102
F	FORD MTR CO DEL	4,500,000	$70,199	5.5%	$8.57	-2.3%	Call	345370860
GM	GENERAL MTRS CO	1,880,000	$64,710	5.1%	$25.99	+5.5%	COM	37045V100
AGO	ASSURED GUARANTY LTD	1,952,796	$49,446	3.9%	$17.63	+9.3%	COM	G0585R106
MBI	MBIA INC	3,408,433	$47,683	3.7%	$5.48	+1.4%	COM	55262C100
—	CHENIERE ENERGY PTNRS LP HLD	2,207,750	$47,666	3.7%	$20.56	—	COM REP LLC IN	16411W108
—	CIT GROUP INC	838,799	$41,117	3.2%	$47.25	—	COM NEW	125581801
—	HOLLYFRONTIER CORP	820,000	$39,016	3.1%	$49.64	—	COM	436106108
—	HERTZ GLOBAL HOLDINGS INC	1,320,000	$35,167	2.8%	$24.40	—	COM	42805T105
—	NATIONSTAR MTG HLDGS INC	906,000	$29,410	2.3%	$35.69	—	COM	63861C109
—	DELEK US HLDGS INC	847,222	$24,604	1.9%	$29.04	—	COM	246647101
GM	GENERAL MTRS CO	600,000	$20,653	1.6%	$25.99	+5.5%	Call	37045V100
—	MERITOR INC	1,669,300	$20,449	1.6%	$11.43	—	COM	59001K100
—	KINDER MORGAN ENERGY PARTNER	265,500	$19,633	1.5%	—	—	Call	494550106
—	DFC GLOBAL CORP	1,416,027	$12,505	1.0%	$8.83	—	COM	23324T107
BCS	BARCLAYS PLC	624,995	$9,811	0.8%	$17.26	—	ADR	06738E204
BAC	BANK OF AMERICA CORPORATION	480,000	$8,256	0.6%	—	—	Call	060505104
—	WALTER ENERGY INC	1,000,000	$7,559	0.6%	—	—	Put	93317Q105
—	NEW RESIDENTIAL INVT CORP	1,110,944	$7,188	0.6%	$6.72	—	COM	64828T102
—	TWO HBRS INVT CORP	597,015	$6,119	0.5%	$10.21	—	COM	90187B101
WTI	W & T OFFSHORE INC	304,807	$5,276	0.4%	$15.07	0.0%	COM	92922P106
—	CHIMERA INVT CORP	1,578,000	$4,829	0.4%	$3.00	—	COM	16934Q109
—	YAHOO INC	130,000	$4,667	0.4%	$35.90	—	Call	984332106
—	QUICKSILVER RESOURCES INC	1,533,256	$4,033	0.3%	$1.88	—	COM	74837R104
—	YAHOO INC	100,000	$3,590	0.3%	$35.90	—	COM	984332106
PMT	PENNYMAC MTG INVT TR	150,000	$3,585	0.3%	$21.05	—	COM	70931T103
—	ALON USA ENERGY INC	160,204	$2,393	0.2%	$16.54	—	COM	020520102
AAL	AMERICAN AIRLS GROUP INC	58,670	$2,147	0.2%	$21.78	+47.4%	COM	02376R102
—	MIDSTATES PETE CO INC	334,000	$1,791	0.1%	$5.60	—	COM	59804T100
LADR	LADDER CAP CORP	80,328	$1,517	0.1%	$18.89	—	CL A	505743104
—	FOREST OIL CORP	750,000	$1,432	0.1%	$1.91	—	COM PAR $0.01	346091705
—	DYNEGY INC NEW DEL	815,166	$1,427	0.1%	$1.85	—	*W EXP 99/99/999	26817R116
—	ALTISOURCE RESIDENTIAL CORP	11,556	$365	0.0%	$16.61	—	CL B	02153W100
—	HOUGHTON MIFFLIN HARCOURT CO	147,611	$299	0.0%	$17.38	—	COM	44157R109