MARATHON ASSET MANAGEMENT LP Hedge Fund

Location: New York, NY

CIK: 0001279913 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $64.31M (100.0% shares, 0.0% debt)

Holdings (13)

SPY SPDR S&P 500 ETF TR 37.7%

Value $24.22M Shares 35,000 Share Price $691.97 Est. Cost/Share $691.97 Unrealized @ Report Date —

EAF GRAFTECH INTL LTD 31.2%

Value $20.09M Shares 1,329,440 Share Price $15.11 Est. Cost/Share $11.57 Unrealized @ Report Date +31.4%

JHHY JOHN HANCOCK EXCHANGE TRADED 5.0%

Value $3.237M Shares 125,000 Share Price $25.90 Est. Cost/Share $25.21 Unrealized @ Report Date —

UNH UNITEDHEALTH GROUP INC 4.5%

Value $2.869M Shares 10,000 Share Price $286.93 * Est. Cost/Share $314.14 Unrealized @ Report Date +7.3%

PYPL PAYPAL HLDGS INC 4.1%

Value $2.635M Shares 50,000 Share Price $52.69 * Est. Cost/Share $66.98 Unrealized @ Report Date -3.2%

IBIT ISHARES BITCOIN TRUST ETF 3.5%

Value $2.232M Shares 47,000 Share Price $47.49 Est. Cost/Share $54.79 Unrealized @ Report Date —

JD JD.COM INC 3.3%

Value $2.136M Shares 75,000 Share Price $28.48 Est. Cost/Share $32.81 Unrealized @ Report Date —

— CABLE ONE INC 3.1%

Value $1.965M Shares 2,000,000 Share Price $0.98 Est. Cost/Share $0.98 Unrealized @ Report Date —

BABA ALIBABA GROUP HLDG LTD 2.6%

Value $1.696M Shares 10,000 Share Price $169.56 Est. Cost/Share $146.07 Unrealized @ Report Date —

OSCR OSCAR HEALTH INC 2.2%

Value $1.435M Shares 100,000 Share Price $14.35 * Est. Cost/Share $15.96 Unrealized @ Report Date +8.4%

NIO NIO INC 1.5%

Value $940K Shares 200,000 Share Price $4.70 Est. Cost/Share $3.81 Unrealized @ Report Date —

NBIS NEBIUS GROUP N.V. 1.3%

Value $852K Shares 10,000 Share Price $85.19 * Est. Cost/Share $32.90 Unrealized @ Report Date +215.0%

TLT ISHARES TR 0.0%

Value $7,500 Shares 3,000 Share Price $2.50 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	35,000	$24.22M	37.7%	$691.97	$691.97	—	TR UNIT	78462F103
EAF	GRAFTECH INTL LTD	1,329,440	$20.09M	31.2%	$15.11	$11.57	+31.4%	COM NEW	384313607
JHHY	JOHN HANCOCK EXCHANGE TRADED	125,000	$3.237M	5.0%	$25.90	$25.21	—	HIGH YIELD ETF	47804J719
UNH	UNITEDHEALTH GROUP INC	10,000	$2.869M	4.5%	$286.93 *	$314.14	+7.3%	COM	91324P102
PYPL	PAYPAL HLDGS INC	50,000	$2.635M	4.1%	$52.69 *	$66.98	-3.2%	COM	70450Y103
IBIT	ISHARES BITCOIN TRUST ETF	47,000	$2.232M	3.5%	$47.49	$54.79	—	SHS BEN INT	46438F101
JD	JD.COM INC	75,000	$2.136M	3.3%	$28.48	$32.81	—	SPON ADS CL A	47215P106
—	CABLE ONE INC	2,000,000	$1.965M	3.1%	$0.98	$0.98	—	NOTE	12685JAE5
BABA	ALIBABA GROUP HLDG LTD	10,000	$1.696M	2.6%	$169.56	$146.07	—	SPONSORED ADS	01609W102
OSCR	OSCAR HEALTH INC	100,000	$1.435M	2.2%	$14.35 *	$15.96	+8.4%	CL A	687793109
NIO	NIO INC	200,000	$940K	1.5%	$4.70	$3.81	—	SPON ADS	62914V106
NBIS	NEBIUS GROUP N.V.	10,000	$852K	1.3%	$85.19 *	$32.90	+215.0%	SHS CLASS A	N97284108
TLT	ISHARES TR	3,000	$7,500	0.0%	$2.50	—	—	Call	464287432