MARATHON ASSET MANAGEMENT LP Hedge Fund

Location: New York, NY

CIK: 0001279913 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: May 15, 2014

Total Value: $1.277B (100.0% shares, 0.0% debt)

Holdings (36)

SPY SPDR S&P 500 ETF TR 38.1%

Value $486M Shares 2,600,000 Share Price $187.04 Est. Cost/Share — Unrealized @ Report Date —

IWM ISHARES 9.1%

Value $116M Shares 1,000,000 Share Price $116.34 Est. Cost/Share — Unrealized @ Report Date —

MPC MARATHON PETE CORP 5.9%

Value $75.7M Shares 869,772 Share Price $87.04 * Est. Cost/Share $26.07 Unrealized @ Report Date +17.9%

F FORD MTR CO DEL 5.5%

Value $70.2M Shares 4,500,000 Share Price $15.60 * Est. Cost/Share $8.57 Unrealized @ Report Date -2.3%

GM GENERAL MTRS CO 5.1%

Value $64.71M Shares 1,880,000 Share Price $34.42 * Est. Cost/Share $25.99 Unrealized @ Report Date +5.5%

AGO ASSURED GUARANTY LTD 3.9%

Value $49.45M Shares 1,952,796 Share Price $25.32 * Est. Cost/Share $17.63 Unrealized @ Report Date +9.3%

MBI MBIA INC 3.7%

Value $47.68M Shares 3,408,433 Share Price $13.99 * Est. Cost/Share $5.48 Unrealized @ Report Date +1.4%

— CHENIERE ENERGY PTNRS LP HLD 3.7%

Value $47.67M Shares 2,207,750 Share Price $21.59 Est. Cost/Share $20.56 Unrealized @ Report Date —

— CIT GROUP INC 3.2%

Value $41.12M Shares 838,799 Share Price $49.02 Est. Cost/Share $47.25 Unrealized @ Report Date —

— HOLLYFRONTIER CORP 3.1%

Value $39.02M Shares 820,000 Share Price $47.58 Est. Cost/Share $49.64 Unrealized @ Report Date —

— HERTZ GLOBAL HOLDINGS INC 2.8%

Value $35.17M Shares 1,320,000 Share Price $26.64 Est. Cost/Share $24.40 Unrealized @ Report Date —

— NATIONSTAR MTG HLDGS INC 2.3%

Value $29.41M Shares 906,000 Share Price $32.46 Est. Cost/Share $35.69 Unrealized @ Report Date —

— DELEK US HLDGS INC 1.9%

Value $24.6M Shares 847,222 Share Price $29.04 Est. Cost/Share $29.04 Unrealized @ Report Date —

GM GENERAL MTRS CO 1.6%

Value $20.65M Shares 600,000 Share Price $34.42 * Est. Cost/Share $25.99 Unrealized @ Report Date +5.5%

— MERITOR INC 1.6%

Value $20.45M Shares 1,669,300 Share Price $12.25 Est. Cost/Share $11.43 Unrealized @ Report Date —

— KINDER MORGAN ENERGY PARTNER 1.5%

Value $19.63M Shares 265,500 Share Price $73.95 Est. Cost/Share — Unrealized @ Report Date —

— DFC GLOBAL CORP 1.0%

Value $12.51M Shares 1,416,027 Share Price $8.83 Est. Cost/Share $8.83 Unrealized @ Report Date —

BCS BARCLAYS PLC 0.8%

Value $9.811M Shares 624,995 Share Price $15.70 Est. Cost/Share $17.26 Unrealized @ Report Date —

BAC BANK OF AMERICA CORPORATION 0.6%

Value $8.256M Shares 480,000 Share Price $17.20 Est. Cost/Share — Unrealized @ Report Date —

— WALTER ENERGY INC 0.6%

Value $7.559M Shares 1,000,000 Share Price $7.56 Est. Cost/Share — Unrealized @ Report Date —

— NEW RESIDENTIAL INVT CORP 0.6%

Value $7.188M Shares 1,110,944 Share Price $6.47 Est. Cost/Share $6.72 Unrealized @ Report Date —

— TWO HBRS INVT CORP 0.5%

Value $6.119M Shares 597,015 Share Price $10.25 Est. Cost/Share $10.21 Unrealized @ Report Date —

WTI W & T OFFSHORE INC 0.4%

Value $5.276M Shares 304,807 Share Price $17.31 * Est. Cost/Share $15.07 Unrealized @ Report Date 0.0%

— CHIMERA INVT CORP 0.4%

Value $4.829M Shares 1,578,000 Share Price $3.06 Est. Cost/Share $3.00 Unrealized @ Report Date —

— YAHOO INC 0.4%

Value $4.667M Shares 130,000 Share Price $35.90 Est. Cost/Share $35.90 Unrealized @ Report Date —

— QUICKSILVER RESOURCES INC 0.3%

Value $4.033M Shares 1,533,256 Share Price $2.63 Est. Cost/Share $1.88 Unrealized @ Report Date —

— YAHOO INC 0.3%

Value $3.59M Shares 100,000 Share Price $35.90 Est. Cost/Share $35.90 Unrealized @ Report Date —

PMT PENNYMAC MTG INVT TR 0.3%

Value $3.585M Shares 150,000 Share Price $23.90 Est. Cost/Share $21.05 Unrealized @ Report Date —

— ALON USA ENERGY INC 0.2%

Value $2.393M Shares 160,204 Share Price $14.94 Est. Cost/Share $16.54 Unrealized @ Report Date —

AAL AMERICAN AIRLS GROUP INC 0.2%

Value $2.147M Shares 58,670 Share Price $36.59 * Est. Cost/Share $21.78 Unrealized @ Report Date +47.4%

— MIDSTATES PETE CO INC 0.1%

Value $1.791M Shares 334,000 Share Price $5.36 Est. Cost/Share $5.60 Unrealized @ Report Date —

LADR LADDER CAP CORP 0.1%

Value $1.517M Shares 80,328 Share Price $18.89 Est. Cost/Share $18.89 Unrealized @ Report Date —

— FOREST OIL CORP 0.1%

Value $1.432M Shares 750,000 Share Price $1.91 Est. Cost/Share $1.91 Unrealized @ Report Date —

— DYNEGY INC NEW DEL 0.1%

Value $1.427M Shares 815,166 Share Price $1.75 Est. Cost/Share $1.85 Unrealized @ Report Date —

— ALTISOURCE RESIDENTIAL CORP 0.0%

Value $365K Shares 11,556 Share Price $31.59 Est. Cost/Share $16.61 Unrealized @ Report Date —

— HOUGHTON MIFFLIN HARCOURT CO 0.0%

Value $299K Shares 147,611 Share Price $2.03 Est. Cost/Share $17.38 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	2,600,000	$486M	38.1%	$187.04	—	—	Call	78462F103
IWM	ISHARES	1,000,000	$116M	9.1%	$116.34	—	—	Put	464287655
MPC	MARATHON PETE CORP	869,772	$75.7M	5.9%	$87.04 *	$26.07	+17.9%	COM	56585A102
F	FORD MTR CO DEL	4,500,000	$70.2M	5.5%	$15.60 *	$8.57	-2.3%	Call	345370860
GM	GENERAL MTRS CO	1,880,000	$64.71M	5.1%	$34.42 *	$25.99	+5.5%	COM	37045V100
AGO	ASSURED GUARANTY LTD	1,952,796	$49.45M	3.9%	$25.32 *	$17.63	+9.3%	COM	G0585R106
MBI	MBIA INC	3,408,433	$47.68M	3.7%	$13.99 *	$5.48	+1.4%	COM	55262C100
—	CHENIERE ENERGY PTNRS LP HLD	2,207,750	$47.67M	3.7%	$21.59	$20.56	—	COM REP LLC IN	16411W108
—	CIT GROUP INC	838,799	$41.12M	3.2%	$49.02	$47.25	—	COM NEW	125581801
—	HOLLYFRONTIER CORP	820,000	$39.02M	3.1%	$47.58	$49.64	—	COM	436106108
—	HERTZ GLOBAL HOLDINGS INC	1,320,000	$35.17M	2.8%	$26.64	$24.40	—	COM	42805T105
—	NATIONSTAR MTG HLDGS INC	906,000	$29.41M	2.3%	$32.46	$35.69	—	COM	63861C109
—	DELEK US HLDGS INC	847,222	$24.6M	1.9%	$29.04	$29.04	—	COM	246647101
GM	GENERAL MTRS CO	600,000	$20.65M	1.6%	$34.42 *	$25.99	+5.5%	Call	37045V100
—	MERITOR INC	1,669,300	$20.45M	1.6%	$12.25	$11.43	—	COM	59001K100
—	KINDER MORGAN ENERGY PARTNER	265,500	$19.63M	1.5%	$73.95	—	—	Call	494550106
—	DFC GLOBAL CORP	1,416,027	$12.51M	1.0%	$8.83	$8.83	—	COM	23324T107
BCS	BARCLAYS PLC	624,995	$9.811M	0.8%	$15.70	$17.26	—	ADR	06738E204
BAC	BANK OF AMERICA CORPORATION	480,000	$8.256M	0.6%	$17.20	—	—	Call	060505104
—	WALTER ENERGY INC	1,000,000	$7.559M	0.6%	$7.56	—	—	Put	93317Q105
—	NEW RESIDENTIAL INVT CORP	1,110,944	$7.188M	0.6%	$6.47	$6.72	—	COM	64828T102
—	TWO HBRS INVT CORP	597,015	$6.119M	0.5%	$10.25	$10.21	—	COM	90187B101
WTI	W & T OFFSHORE INC	304,807	$5.276M	0.4%	$17.31 *	$15.07	0.0%	COM	92922P106
—	CHIMERA INVT CORP	1,578,000	$4.829M	0.4%	$3.06	$3.00	—	COM	16934Q109
—	YAHOO INC	130,000	$4.667M	0.4%	$35.90	$35.90	—	Call	984332106
—	QUICKSILVER RESOURCES INC	1,533,256	$4.033M	0.3%	$2.63	$1.88	—	COM	74837R104
—	YAHOO INC	100,000	$3.59M	0.3%	$35.90	$35.90	—	COM	984332106
PMT	PENNYMAC MTG INVT TR	150,000	$3.585M	0.3%	$23.90	$21.05	—	COM	70931T103
—	ALON USA ENERGY INC	160,204	$2.393M	0.2%	$14.94	$16.54	—	COM	020520102
AAL	AMERICAN AIRLS GROUP INC	58,670	$2.147M	0.2%	$36.59 *	$21.78	+47.4%	COM	02376R102
—	MIDSTATES PETE CO INC	334,000	$1.791M	0.1%	$5.36	$5.60	—	COM	59804T100
LADR	LADDER CAP CORP	80,328	$1.517M	0.1%	$18.89	$18.89	—	CL A	505743104
—	FOREST OIL CORP	750,000	$1.432M	0.1%	$1.91	$1.91	—	COM PAR $0.01	346091705
—	DYNEGY INC NEW DEL	815,166	$1.427M	0.1%	$1.75	$1.85	—	*W EXP 99/99/999	26817R116
—	ALTISOURCE RESIDENTIAL CORP	11,556	$365K	0.0%	$31.59	$16.61	—	CL B	02153W100
—	HOUGHTON MIFFLIN HARCOURT CO	147,611	$299K	0.0%	$2.03	$17.38	—	COM	44157R109