# Marathon Trading Investment Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1572748. Source: https://holderbook.com/funds/1572748-marathon-trading-investment-management-llc/

- Reported value: $3.2B
- Positions: 278
- Weight of the ten largest: 52.5%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $357.0M | 0 | 11.1% | 9 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $217.2M | 0 | 6.7% | 18 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $196.9M | 983,993 | 6.1% | 18 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $186.3M | 0 | 5.8% | 9 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $153.1M | 0 | 4.7% | 5 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $133.8M | 0 | 4.1% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $126.5M | 300,827 | 3.9% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $125.3M | 0 | 3.9% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $102.1M | 0 | 3.2% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $96.4M | 0 | 3.0% | 31 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $89.8M | 0 | 2.8% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $83.1M | 232,527 | 2.6% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $82.2M | 0 | 2.5% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $75.0M | 0 | 2.3% | 9 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $71.8M | 150,337 | 2.2% | 9 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $71.4M | 0 | 2.2% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $68.2M | 121,114 | 2.1% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $67.6M | 0 | 2.1% | 10 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $65.2M | 0 | 2.0% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $53.1M | 222,872 | 1.6% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $52.4M | 0 | 1.6% | 17 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $46.9M | 154,951 | 1.5% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $45.4M | 0 | 1.4% | 14 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $43.0M | 57,541 | 1.3% | 9 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $42.7M | 0 | 1.3% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $41.8M | 0 | 1.3% | 19 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $41.8M | 111,987 | 1.3% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $41.7M | 0 | 1.3% | 14 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $25.5M | 0 | 0.8% | 1 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $20.7M | 0 | 0.6% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $20.1M | 17,417 | 0.6% | 14 |
| PAGAYA TECHNOLOGIES LTD | [PGY](https://holderbook.com/stocks/PGY/) | $16.0M | 0 | 0.5% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $15.9M | 0 | 0.5% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $15.7M | 54,342 | 0.5% | 3 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $15.3M | 202,219 | 0.5% | 2 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $12.1M | 0 | 0.4% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $11.6M | 0 | 0.4% | 2 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $10.4M | 0 | 0.3% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $10.1M | 0 | 0.3% | 9 |
| ISHARES INC | [EWI](https://holderbook.com/stocks/EWI/) | $9.3M | 0 | 0.3% | 1 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $8.0M | 0 | 0.2% | 4 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $7.5M | 0 | 0.2% | 4 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $7.0M | 19,055 | 0.2% | 4 |
| ISHARES INC | [TUR](https://holderbook.com/stocks/TUR/) | $6.9M | 0 | 0.2% | 2 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $6.5M | 0 | 0.2% | 25 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $6.4M | 0 | 0.2% | 5 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $6.3M | 0 | 0.2% | 26 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.2M | 0 | 0.2% | 2 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $5.6M | 0 | 0.2% | 31 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $4.8M | 0 | 0.1% | 6 |
| STRATEGY INC | [STRF](https://holderbook.com/stocks/STRF/) | $4.8M | 0 | 0.1% | 10 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $4.8M | 0 | 0.1% | 1 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $4.7M | 53,956 | 0.1% | 9 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $4.6M | 16,693 | 0.1% | 1 |
| WOLFSPEED INC | [WOLF](https://holderbook.com/stocks/WOLF/) | $4.6M | 0 | 0.1% | 4 |
| UNITED STS OIL FD LP | [USO](https://holderbook.com/stocks/USO/) | $4.6M | 42,797 | 0.1% | 2 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $4.5M | 0 | 0.1% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $4.5M | 0 | 0.1% | 19 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $4.1M | 123,925 | 0.1% | 9 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $3.9M | 0 | 0.1% | 1 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $3.8M | 0 | 0.1% | 3 |
| APPLIED DIGITAL CORP | [APLD](https://holderbook.com/stocks/APLD/) | $3.6M | 97,500 | 0.1% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $3.6M | 4,886 | 0.1% | 4 |
| STRATEGY INC | [STRF](https://holderbook.com/stocks/STRF/) | $3.5M | 0 | 0.1% | 10 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $3.4M | 0 | 0.1% | 1 |
| VERSANT MEDIA GROUP INC | [VSNT](https://holderbook.com/stocks/VSNT/) | $3.3M | 91,248 | 0.1% | 2 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $3.1M | 0 | 0.1% | 24 |
| BANK OF AMER CORP | [BACPRL](https://holderbook.com/stocks/BACPRL/) | $3.1M | 2,464 | 0.1% | 19 |
| CORE SCIENTIFIC INC NEW | [CORZZ](https://holderbook.com/stocks/CORZZ/) | $3.0M | 0 | 0.1% | 4 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $3.0M | 0 | 0.1% | 9 |
| ISHARES ETHEREUM TR | [ETHA](https://holderbook.com/stocks/ETHA/) | $3.0M | 0 | 0.1% | 4 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $2.9M | 0 | 0.1% | 20 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.9M | 0 | 0.1% | 16 |
| SUPER MICRO COMPUTER INC | [SMCIP](https://holderbook.com/stocks/SMCIP/) | $2.6M | 0 | 0.1% | 1 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $2.6M | 28,470 | 0.1% | 2 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $2.5M | 0 | 0.1% | 4 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $2.5M | 0 | 0.1% | 1 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $2.4M | 0 | 0.1% | 6 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.4M | 33,229 | 0.1% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.3M | 0 | 0.1% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.2M | 0 | 0.1% | 18 |
| OKLO INC | [OKLO](https://holderbook.com/stocks/OKLO/) | $2.2M | 42,000 | 0.1% | 1 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $2.2M | 86,033 | 0.1% | 28 |
| RIVIAN AUTOMOTIVE INC | [RIVN](https://holderbook.com/stocks/RIVN/) | $2.2M | 0 | 0.1% | 19 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.1M | 0 | 0.1% | 14 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.1M | 0 | 0.1% | 1 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $1.9M | 16,089 | 0.1% | 13 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.8M | 0 | 0.1% | 1 |
| TRUMP MEDIA & TECHNOLOGY GRO | [DJT](https://holderbook.com/stocks/DJT/) | $1.7M | 0 | 0.1% | 7 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $1.7M | 36,981 | 0.1% | 5 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.7M | 0 | 0.1% | 1 |
| BEYOND MEAT INC | [BYND](https://holderbook.com/stocks/BYND/) | $1.6M | 0 | 0.0% | 4 |
| OPENDOOR TECHNOLOGIES INC | [OPEN](https://holderbook.com/stocks/OPEN/) | $1.6M | 341,100 | 0.0% | 7 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.6M | 0 | 0.0% | 1 |
| WOLFSPEED INC | [WOLF](https://holderbook.com/stocks/WOLF/) | $1.5M | 0 | 0.0% | 1 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $1.5M | 16,000 | 0.0% | 1 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $1.5M | 15,000 | 0.0% | 1 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $1.5M | 60,259 | 0.0% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.4M | 0 | 0.0% | 18 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.4M | 0 | 0.0% | 16 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.4% | +14.8% | -4.4% | 100% |
| Q1 2026 | -8.8% | -4.6% | -4.2% | 100% |
| Q4 2025 | -2.4% | +2.4% | -4.8% | 100% |
| Q3 2025 | +9.8% | +7.8% | +2.0% | 100% |
| Q2 2025 | +23.8% | +10.5% | +13.3% | 100% |
| Q1 2025 | -0.3% | -4.6% | +4.3% | 100% |
| Q4 2024 | +9.7% | +2.1% | +7.6% | 100% |
| Q3 2024 | +3.8% | +5.4% | -1.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.2B | 278 |
| Q1 2026 | $3.7B | 294 |
| Q4 2025 | $4.4B | 352 |
| Q3 2025 | $1.5B | 307 |
| Q2 2025 | $836.5M | 271 |
| Q1 2025 | $744.7M | 352 |
| Q4 2024 | $1.8B | 321 |
| Q3 2024 | $1.1B | 278 |
| Q2 2024 | $1.3B | 297 |
| Q1 2024 | $1.3B | 355 |
| Q4 2023 | $2.0B | 374 |
| Q3 2023 | $1.2B | 336 |