Marathon Trading Investment Management LLC holds a concentrated book of 141 reported positions worth $877.1M as of Q2 2026 (disclosed Aug 12, 2026, a ~43-day 13F lag). This quarter Cerebras Systems Inc - A first appears in 13F filings, a listing rather than a purchase; they opened Nebius Group NV and trimmed Microsoft Corp. Their largest long position is Nvidia Corp at 22% of the reported non-option book. They also disclosed $1.6B in put options (a bearish bet) and $797.2M in call options (bullish), shown separately below and excluded from the non-option book.
Marathon Trading Investment Management LLC is a market maker: this book is hedging inventory, not directional conviction.
Top-heavy: concentrated book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
91% mapped to company sectors
+7 sectors below the cut, 1% together
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices (an exit at the prior quarter-end), no cost basis
Other tracked managers holding the same core names as Marathon Trading Investment Management LLC
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| Graticule Asia Macro Advisors LLC | 11 / 80 | $1.3B |
| Hoffman, Alan N Investment Management | 8 / 80 | $156.7M |
| Prospect Hill Management, LLC | 8 / 80 | $230.8M |
| Howard Hughes Medical Institute | 19 / 80 | $392.9M |
| Ketron Financial | 18 / 80 | $279.5M |
| Carroll Investors, Inc | 14 / 80 | $201.6M |
| Draper Asset Management, LLC | 9 / 80 | $168.7M |
| Harvard Management Co Inc | 10 / 80 | $1.5B |
Ranked by the share of each fund's own book sitting in the names it shares with Marathon Trading Investment Management LLC: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.
Bars show each position's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Nvidia Corporation Common Stock | $196.9M | 984.0K | 22.4% | ▲15× Added · +920K sh | |
| 2 | Tesla Inc Common Stock | $126.5M | 300.8K | 14.4% | ▲+381% Added · +238K sh | |
| 3 | Alphabet Inc Common Stock | $83.1M | 232.5K | 9.5% | ▲267× Added · +232K sh | |
| 4 | Taiwan Semiconductor Manufac Common Stock | $71.8M | 150.3K | 8.2% | ▲3k× Added · +150K sh | |
| 5 | Meta Platforms Inc Common Stock | $68.2M | 121.1K | 7.8% | ▲126× Added · +120K sh | |
| 6 | Amazon Com Inc Common Stock | $53.1M | 222.9K | 6.1% | ▲57× Added · +219K sh | |
| 7 | Bloom Energy Corp Common Stock | $46.9M | 155.0K | 5.3% | ▲+3.1% Added · +5K sh | |
| 8 | State STR SPDR S&P 500 ETF T Common Stock | $43.0M | 57.5K | 4.9% | ▲+81% Added · +26K sh | |
| 9 | Microsoft Corp Common Stock | $41.8M | 112.0K | 4.8% | ▼−46% Reduced · −94K sh | |
| 10 | Micron Technology Inc Common Stock | $20.1M | 17.4K | 2.3% | ▲31× Added · +17K sh | |
| 11 | Apple Inc Common Stock | $15.7M | 54.3K | 1.8% | ▲48× Added · +53K sh | |
| 12 | Vaneck ETF Trust Common Stock | $15.3M | 202.2K | 1.7% | ▲+98% Added · +100K sh | |
| 13 | SPDR Gold TR Common Stock | $7.0M | 19.1K | 0.8% | ▼−75% Reduced · −56K sh | |
| 14 | Strategy Inc Common Stock | $4.7M | 54.0K | 0.5% | ▼−52% Reduced · −58K sh | |
| 15 | Nebius Group N.V. Common Stock | $4.6M | 16.7K | 0.5% | ▲New New position | |
| 16 | United STS Oil FD LP Common Stock | $4.6M | 42.8K | 0.5% | ▲+244% Added · +30K sh | |
| 17 | Ishares Bitcoin Trust ETF Common Stock | $4.1M | 123.9K | 0.5% | ▼−46% Reduced · −108K sh | |
| 18 | Applied Digital Corp Common Stock | $3.6M | 97.5K | 0.4% | ▲+2.1% Added · +2K sh | |
| 19 | Invesco QQQ TR Common Stock | $3.6M | 4.9K | 0.4% | ▲+467% Added · +4K sh | |
| 20 | Versant Media Group Inc Common Stock | $3.3M | 91.2K | 0.4% | ▼−53% Reduced · −101K sh | |
| 21 | Bank Of Amer Corp Common Stock | $3.1M | 2.5K | 0.4% | —Held | |
| 22 | Ishares TR Common Stock | $2.6M | 28.5K | 0.3% | ▲+882% Added · +26K sh | |
| 23 | Netflix Inc. Common Stock | $2.4M | 33.2K | 0.3% | ▲+798% Added · +30K sh | |
| 24 | Oklo Inc Common Stock | $2.2M | 42.0K | 0.3% | ▲New New position | |
| 25 | Jd.com Inc Common Stock | $2.2M | 86.0K | 0.2% | ▼−34% Reduced · −44K sh | |
| 26 | Palantir Technologies Inc Common Stock | $1.9M | 16.1K | 0.2% | ▲22× Added · +15K sh | |
| 27 | Iren Limited Common Stock | $1.7M | 37.0K | 0.2% | ▲41× Added · +36K sh | |
| 28 | Opendoor Technologies Inc Common Stock | $1.6M | 341.1K | 0.2% | ▼~0% Reduced · −100 sh | |
| 29 | Ishares Inc Common Stock | $1.5M | 16.0K | 0.2% | ▲New New position | |
| 30 | Servicenow Inc Common Stock | $1.5M | 15.0K | 0.2% | ▲New New position | |
| 31 | Kraneshares Trust Common Stock | $1.5M | 60.3K | 0.2% | ▲+25% Added · +12K sh | |
| 32 | Alibaba Group Hldg Ltd Common Stock | $1.4M | 14.5K | 0.2% | ▼−86% Reduced · −93K sh | |
| 33 | Trump Media & Technology Gro Common Stock | $1.4M | 177.4K | 0.2% | ▲+16% Added · +25K sh | |
| 34 | Zscaler Inc Common Stock | $1.3M | 9.1K | 0.1% | ▲New New position | |
| 35 | Sharplink Inc Common Stock | $1.3M | 266.6K | 0.1% | ▼−49% Reduced · −256K sh | |
| 36 | Unitedhealth Group Inc Common Stock | $1.3M | 3.0K | 0.1% | ▼−69% Reduced · −7K sh | |
| 37 | SPDR Series Trust Common Stock | $1.3M | 16.8K | 0.1% | ▼−24% Reduced · −5K sh | |
| 38 | AT&T Inc Common Stock | $1.2M | 60.0K | 0.1% | ▲New New position | |
| 39 | Cerebras Systems Inc Common Stock | $1.1M | 5.0K | 0.1% | →Listed Newly reportable | |
| 40 | Nike Inc Common Stock | $1.1M | 26.7K | 0.1% | ▲+271% Added · +20K sh | |
| 41 | Intuit Common Stock | $1.0M | 4.0K | 0.1% | ▲+135% Added · +2K sh | |
| 42 | Salesforce Inc Common Stock | $1.0M | 6.4K | 0.1% | ▲+184% Added · +4K sh | |
| 43 | Ishares TR Common Stock | $992K | 31.4K | 0.1% | ▲New New position | |
| 44 | Rivian Automotive Inc Common Stock | $860K | 49.6K | 0.1% | ▼−72% Reduced · −128K sh | |
| 45 | Sofi Technologies Inc Common Stock | $838K | 46.7K | 0.1% | ▲+675% Added · +41K sh | |
| 46 | Costco Wholesale Corporation Common Stock | $748K | 800 | 0.1% | ▲New New position | |
| 47 | Core Scientific Inc New Common Stock | $712K | 27.8K | 0.1% | ▼−50% Reduced · −28K sh | |
| 48 | Circle Internet Group Inc Common Stock | $630K | 10.1K | 0.1% | ▼−40% Reduced · −7K sh | |
| 49 | Qualcomm Inc Common Stock | $619K | 3.4K | 0.1% | ▲New New position | |
| 50 | Intel Corp Common Stock | $583K | 4.2K | 0.1% | ▼−86% Reduced · −26K sh |
This market maker page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1572748/holdings"
Use Arkolith to show Marathon Trading Investment Management LLC's latest holdings, largest changes, and filing provenance.
Put / call positions from the 13F — totals include every disclosed option leg
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| CALL · bullish | ISHARES SILVER TR | $357.0M | 6.7M |
| PUT · bearish | NVIDIA CORPORATION | $217.2M | 1.1M |
| PUT · bearish | SPDR GOLD TR | $186.3M | 506K |
| PUT · bearish | ISHARES SILVER TR | $153.1M | 2.9M |
| PUT · bearish | STATE STR SPDR S&P 500 ETF T | $133.8M | 179K |
| PUT · bearish | INVESCO QQQ TR | $125.3M | 170K |
| CALL · bullish | SPDR GOLD TR | $102.1M | 277K |
| CALL · bullish | TESLA INC | $96.4M | 229K |
| PUT · bearish | VANECK ETF TRUST | $89.8M | 321K |
| PUT · bearish | ALPHABET INC | $82.2M | 230K |
| PUT · bearish | TAIWAN SEMICONDUCTOR MANUFAC | $75.0M | 157K |
| PUT · bearish | ISHARES BITCOIN TRUST ETF | $71.4M | 2.1M |
| PUT · bearish | META PLATFORMS INC | $67.6M | 120K |
| PUT · bearish | TESLA INC | $65.2M | 155K |
| PUT · bearish | AMAZON COM INC | $52.4M | 220K |
| PUT · bearish | MICRON TECHNOLOGY INC | $45.4M | 39K |
| CALL · bullish | ISHARES BITCOIN TRUST ETF | $42.7M | 1.3M |
| PUT · bearish | MICROSOFT CORP | $41.8M | 112K |
| CALL · bullish | STATE STR SPDR S&P 500 ETF T | $41.7M | 56K |
| CALL · bullish | SPACE EXPLORATION TECHN CORP | $25.5M | 149K |
| CALL · bullish | VANECK ETF TRUST | $20.7M | 32K |
| PUT · bearish | PAGAYA TECHNOLOGIES LTD | $16.0M | 876K |
| PUT · bearish | APPLE INC | $15.9M | 55K |
| PUT · bearish | NEBIUS GROUP N.V. | $12.1M | 44K |
| CALL · bullish | MICROSOFT CORP | $11.6M | 31K |
13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the non-option book, weighting, concentration and sector figures above. Showing the largest 25 of 137 option legs.
As-of date vs the date the SEC received each filing
Reported 13F total per quarter. Raw filing totals can include option notional.
| Quarter | As of | Filed | Lag | Positions | Value | Form |
|---|---|---|---|---|---|---|
| Q2 2026 | Jun 30, 2026 | Aug 12, 2026 | 43d | 364 | $3.2B | 13F-HR |
| Q1 2026 | Mar 31, 2026 | May 14, 2026 | 44d | 389 | $3.7B | 13F-HR |
| Q4 2025 | Dec 31, 2025 | Feb 13, 2026 | 44d | 473 | $4.4B | 13F-HR |
| Q3 2025 | Sep 30, 2025 | Nov 13, 2025 | 44d | 413 | $1.5B | 13F-HR |
| Q2 2025 | Jun 30, 2025 | Aug 7, 2025 | 38d | 363 | $836.5M | 13F-HR |
| Q1 2025 | Mar 31, 2025 | May 13, 2025 | 43d | 465 | $744.7M | 13F-HR |
| Q4 2024 | Dec 31, 2024 | Feb 7, 2025 | 38d | 341 | $1.8B | 13F-HR |
| Q3 2024 | Sep 30, 2024 | Nov 7, 2024 | 38d | 287 | $1.1B | 13F-HR |
| Q2 2024 | Jun 30, 2024 | Aug 12, 2024 | 43d | 340 | $1.3B | 13F-HR |
| Q1 2024 | Mar 31, 2024 | May 10, 2024 | 40d | 376 | $1.3B | 13F-HR |
| Q4 2023 | Dec 31, 2023 | Feb 13, 2024 | 44d | 404 | $2.0B | 13F-HR |
| Q3 2023 | Sep 30, 2023 | Nov 13, 2023 | 44d | 352 | $1.2B | 13F-HR |
| Q2 2023 | Jun 30, 2023 | Aug 14, 2023 | 45d | 284 | $1.2B | 13F-HR |
| Q1 2023 | Mar 31, 2023 | May 12, 2023 | 42d | 291 | $1.4B | 13F-HR |
| Q4 2022 | Dec 31, 2022 | May 24, 2023 | 144d | 298 | $812.6M | 13F-HR/A |
| Q3 2022 | Sep 30, 2022 | Nov 14, 2022 | 45d | 299 | $1.0B | 13F-HR |
| Q2 2022 | Jun 30, 2022 | Aug 12, 2022 | 43d | 322 | $892.9M | 13F-HR |
| Q1 2022 | Mar 31, 2022 | May 16, 2022 | 46d | 348 | $1.2B | 13F-HR |
| Q4 2021 | Dec 31, 2021 | Feb 11, 2022 | 42d | 331 | $1.2B | 13F-HR |
| Q3 2021 | Sep 30, 2021 | Nov 12, 2021 | 43d | 395 | $1.4B | 13F-HR |
| Q2 2021 | Jun 30, 2021 | Aug 16, 2021 | 47d | 330 | $1.0B | 13F-HR |
| Q1 2021 | Mar 31, 2021 | May 17, 2021 | 47d | 421 | $1.1B | 13F-HR |
| Q4 2020 | Dec 31, 2020 | Feb 16, 2021 | 47d | 366 | $1.9B | 13F-HR |
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. Disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.