Marathon Partners Equity Management, LLC Diversified Active

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $100,572 (100.0% shares, 0.0% debt)

Holdings (15)

New Positions (1)

Value ($000) $4,709 Shares 75,000 Est. Cost $64.78 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CNS	COHEN & STEERS INC	75,000	$4,709	4.7%	$64.78	0.0%	COM	19247A100

Increased Positions (2)

LION LIONSGATE STUDIOS CORP 2.5%

Value ($000) $2,511 (+45.6%) Shares 275,000 (+10.0%) Est. Cost $6.71 Unrealized +6.1%

FLUT FLUTTER ENTMT PLC 3.5%

Value ($000) $3,548 (+1.6%) Shares 16,500 (+20.0%) Est. Cost $258.84 Unrealized -13.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LION	LIONSGATE STUDIOS CORP	275,000 (+10.0%)	$2,511 (+45.6%)	2.5%	$6.71	+6.1%	COM	53626N102
FLUT	FLUTTER ENTMT PLC	16,500 (+20.0%)	$3,548 (+1.6%)	3.5%	$258.84	-13.1%	SHS	G3643J108

Exited Positions (4)

TKO TKO GROUP HOLDINGS INC 8.8%

Value ($000) $8,886 Shares 44,000 Est. Cost $92.96 Unrealized +108.4%

RELY REMITLY GLOBAL INC 4.7%

Value ($000) $4,768 Shares 292,500 Est. Cost $18.33 Unrealized -20.8%

AMRZ AMRIZE LTD 1.2%

Value ($000) $1,213 Shares 25,000 Est. Cost $50.56 Unrealized +0.9%

LNWO LIGHT & WONDER INC 1.0%

Value ($000) $1,049 Shares 12,500 Est. Cost $91.82 Unrealized -4.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TKO	TKO GROUP HOLDINGS INC	44,000	$8,886	8.8%	$92.96	+108.4%	PUT	87256C101
RELY	REMITLY GLOBAL INC	292,500	$4,768	4.7%	$18.33	-20.8%	CALL	75960P104
AMRZ	AMRIZE LTD	25,000	$1,213	1.2%	$50.56	+0.9%	—	H2927K103
LNWO	LIGHT & WONDER INC	12,500	$1,049	1.0%	$91.82	-4.0%	—	80874P109

Decreased Positions (11)

XMTR XOMETRY INC 6.8%

Value ($000) $6,839 (-54.8%) Shares 115,000 (-58.6%) Est. Cost $22.64 Unrealized +148.9%

TKO TKO GROUP HOLDINGS INC 17.5%

Value ($000) $17,556 (-21.0%) Shares 84,000 (-23.6%) Est. Cost $92.96 Unrealized +108.4%

RELY REMITLY GLOBAL INC 18.4%

Value ($000) $18,458 (-18.4%) Shares 1,337,500 (-3.6%) Est. Cost $18.33 Unrealized -20.8%

UBER UBER TECHNOLOGIES INC 12.2%

Value ($000) $12,257 (-24.2%) Shares 150,000 (-9.1%) Est. Cost $54.40 Unrealized +65.5%

SXT SENSIENT TECHNOLOGIES CORP 2.1%

Value ($000) $2,114 (-43.7%) Shares 22,500 (-43.8%) Est. Cost $75.60 Unrealized +24.8%

HSIC HENRY SCHEIN INC 3.6%

Value ($000) $3,590 (-30.2%) Shares 47,500 (-38.7%) Est. Cost $72.12 Unrealized -2.4%

ATMU ATMUS FILTRATION TECHNOLOGIE 4.1%

Value ($000) $4,153 (-18.1%) Shares 80,000 (-28.9%) Est. Cost $40.32 Unrealized +19.9%

TPB TURNING PT BRANDS INC 1.9%

Value ($000) $1,897 (-23.2%) Shares 17,500 (-30.0%) Est. Cost $54.85 Unrealized +78.3%

GOOG ALPHABET INC 1.8%

Value ($000) $1,804 (-10.2%) Shares 5,750 (-30.3%) Est. Cost $209.93 Unrealized +36.4%

EWCZ EUROPEAN WAX CTR INC 0.4%

Value ($000) $360 (-27.8%) Shares 100,000 (-20.0%) Est. Cost $6.58 Unrealized -43.2%

ATI ATI INC 2.3%

Value ($000) $2,295 (+2.6%) Shares 20,000 (-27.3%) Est. Cost $81.04 Unrealized +20.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
XMTR	XOMETRY INC	115,000 (-58.6%)	$6,839 (-54.8%)	6.8%	$22.64	+148.9%	CLASS A COM	98423F109
TKO	TKO GROUP HOLDINGS INC	84,000 (-23.6%)	$17,556 (-21.0%)	17.5%	$92.96	+108.4%	CL A	87256C101
RELY	REMITLY GLOBAL INC	1,337,500 (-3.6%)	$18,458 (-18.4%)	18.4%	$18.33	-20.8%	COM	75960P104
UBER	UBER TECHNOLOGIES INC	150,000 (-9.1%)	$12,257 (-24.2%)	12.2%	$54.40	+65.5%	COM	90353T100
SXT	SENSIENT TECHNOLOGIES CORP	22,500 (-43.8%)	$2,114 (-43.7%)	2.1%	$75.60	+24.8%	COM	81725T100
HSIC	HENRY SCHEIN INC	47,500 (-38.7%)	$3,590 (-30.2%)	3.6%	$72.12	-2.4%	COM	806407102
ATMU	ATMUS FILTRATION TECHNOLOGIE	80,000 (-28.9%)	$4,153 (-18.1%)	4.1%	$40.32	+19.9%	COM	04956D107
TPB	TURNING PT BRANDS INC	17,500 (-30.0%)	$1,897 (-23.2%)	1.9%	$54.85	+78.3%	COM	90041L105
GOOG	ALPHABET INC	5,750 (-30.3%)	$1,804 (-10.2%)	1.8%	$209.93	+36.4%	CAP STK CL C	02079K107
EWCZ	EUROPEAN WAX CTR INC	100,000 (-20.0%)	$360 (-27.8%)	0.4%	$6.58	-43.2%	CLASS A COM	29882P106
ATI	ATI INC	20,000 (-27.3%)	$2,295 (+2.6%)	2.3%	$81.04	+20.3%	COM	01741R102

Unchanged Positions (1)

META META PLATFORMS INC 18.4%

Value ($000) $18,483 Shares 28,000 Est. Cost $168.56 Unrealized +295.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	28,000	$18,483	18.4%	$168.56	+295.9%	CL A	30303M102