INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

MARATHON CAPITAL MANAGEMENT's Holding History (CIK: 0001213206)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 31,648 Value ($000) $9,374 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 31,682 Value ($000) $8,939 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 31,852 Value ($000) $9,389 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 31,917 Value ($000) $7,937 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 40,635 Value ($000) $8,933 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 41,525 Value ($000) $9,180 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 41,725 Value ($000) $7,216 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 41,844 Value ($000) $7,991 Avg Close $172.56 Range $148.54 - $189.10

Q4 2023

Shares 42,964 Value ($000) $7,027 Avg Close $141.50 Range $126.39 - $156.49

Q3 2023

Shares 43,326 Value ($000) $6,079 Avg Close $131.75 Range $120.98 - $141.33

Q2 2023

Shares 43,297 Value ($000) $5,794 Avg Close $118.05 Range $110.47 - $128.27

Q1 2023

Shares 44,012 Value ($000) $5,770 Avg Close $120.73 Range $110.43 - $131.92

Q4 2022

Shares 43,782 Value ($000) $6,168 Avg Close $123.05 Range $102.35 - $137.32

Q3 2022

Shares 44,603 Value ($000) $5,299 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 44,709 Value ($000) $6,312 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 46,613 Value ($000) $6,061 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 46,244 Value ($000) $6,181 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 45,792 Value ($000) $6,362 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 45,370 Value ($000) $6,650 Avg Close $113.44 Range $102.70 - $121.73

Q1 2021

Shares 45,444 Value ($000) $6,055 Avg Close $98.07 Range $91.22 - $107.97

Q4 2020

Shares 39,458 Value ($000) $4,966 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 24,285 Value ($000) $2,954 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 25,154 Value ($000) $3,038 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 25,086 Value ($000) $2,782 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 14,407 Value ($000) $1,931 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 13,835 Value ($000) $2,012 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 13,987 Value ($000) $1,928 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 13,868 Value ($000) $1,956 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 14,066 Value ($000) $1,598 Avg Close $87.95 Range $74.66 - $107.42

Q1 2016

Shares 4,541 Value ($000) $688 Avg Close $84.07 Range $73.78 - $96.70

Q4 2015

Shares 4,540 Value ($000) $624 Avg Close $87.52 Range $82.31 - $94.87

Q3 2015

Shares 4,713 Value ($000) $683 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 4,722 Value ($000) $768 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 4,763 Value ($000) $765 Avg Close $96.47 Range $90.53 - $100.82

Q4 2014

Shares 4,843 Value ($000) $777 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 5,116 Value ($000) $971 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 5,291 Value ($000) $959 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 5,291 Value ($000) $1,019 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 5,393 Value ($000) $1,012 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 5,388 Value ($000) $998 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 5,613 Value ($000) $1,073 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	31,648	$9,374	$298.78	$262.11 - $324.90
Q3 2025	31,682	$8,939	$259.55	$232.08 - $292.01
Q2 2025	31,852	$9,389	$253.82	$210.49 - $292.56
Q1 2025	31,917	$7,937	$239.40	$209.20 - $261.47
Q4 2024	40,635	$8,933	$216.31	$196.83 - $233.32
Q3 2024	41,525	$9,180	$188.97	$166.24 - $216.80
Q2 2024	41,725	$7,216	$165.85	$154.39 - $183.50
Q1 2024	41,844	$7,991	$172.56	$148.54 - $189.10
Q4 2023	42,964	$7,027	$141.50	$126.39 - $156.49
Q3 2023	43,326	$6,079	$131.75	$120.98 - $141.33
Q2 2023	43,297	$5,794	$118.05	$110.47 - $128.27
Q1 2023	44,012	$5,770	$120.73	$110.43 - $131.92
Q4 2022	43,782	$6,168	$123.05	$102.35 - $137.32
Q3 2022	44,603	$5,299	$115.64	$105.06 - $124.09
Q2 2022	44,709	$6,312	$117.50	$107.95 - $126.60
Q1 2022	46,613	$6,061	$112.10	$102.68 - $121.43
Q4 2021	46,244	$6,181	$106.49	$97.83 - $117.62
Q3 2021	45,792	$6,362	$112.12	$106.97 - $117.48
Q2 2021	45,370	$6,650	$113.44	$102.70 - $121.73
Q1 2021	45,444	$6,055	$98.07	$91.22 - $107.97
Q4 2020	39,458	$4,966	$93.41	$81.15 - $103.82
Q3 2020	24,285	$2,954	$93.86	$87.12 - $99.96
Q2 2020	25,154	$3,038	$91.40	$78.00 - $102.76
Q1 2020	25,086	$2,782	$98.28	$67.58 - $117.24
Q4 2019	14,407	$1,931	$99.90	$95.55 - $107.55
Q3 2019	13,835	$2,012	$102.47	$94.04 - $110.34
Q2 2019	13,987	$1,928	$98.62	$91.51 - $103.66
Q1 2019	13,868	$1,956	$94.64	$78.71 - $101.33
Q4 2018	14,066	$1,598	$87.95	$74.66 - $107.42
Q1 2016	4,541	$688	$84.07	$73.78 - $96.70
Q4 2015	4,540	$624	$87.52	$82.31 - $94.87
Q3 2015	4,713	$683	$95.35	$87.10 - $106.76
Q2 2015	4,722	$768	$102.99	$96.57 - $107.49
Q1 2015	4,763	$765	$96.47	$90.53 - $100.82
Q4 2014	4,843	$777	$100.47	$91.12 - $114.79
Q3 2014	5,116	$971	$114.33	$108.62 - $117.41
Q2 2014	5,291	$959	$112.28	$107.17 - $118.40
Q1 2014	5,291	$1,019	$109.22	$101.79 - $116.27
Q4 2013	5,393	$1,012	$106.40	$101.46 - $111.01
Q3 2013	5,388	$998	$111.55	$106.48 - $117.56
Q2 2013	5,613	$1,073	$118.94	$109.29 - $125.13