Arkolith/Funds/Marathon Trading Investment Management LLC

Marathon Trading Investment Management LLC

CIK 1572748Market maker
Holdings as of Mar 31, 2026·disclosed May 14, 2026·~44-day 13F lag·13F-HR
Active Filer

Marathon Trading Investment Management LLC holds a focused book of 150 stocks worth $336.9M as of Q1 2026 (disclosed May 14, 2026, a ~45-day 13F lag). This quarter they opened Vaneck Gold Miners ETF and trimmed Tesla Inc. Their largest long position is Microsoft Corp at 23% of the equity book. They also disclosed $1.7B in put options (a bearish bet) and $1.7B in call options (bullish), shown separately below and excluded from the equity book.

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Use Arkolith to show Marathon Trading Investment Management LLC's latest
holdings, largest changes, and filing provenance.
Opened
37
new positions
Added to
25
existing
Trimmed
58
reduced
Sold out
69
exited

Concentration

Top-heavy: focused book

Top 5 holdings
51%
Top 10 holdings
70%
Top 20 holdings
85%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

87% mapped to company sectors

Information Technology
44%
Financials
22%
ETF / fund or unclassified
13%
Consumer Discretionary
10%
Industrials
7%
Communication Services
2%
Health Care
1%
Real Estate
1%

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.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

150 positions
#SecurityValueShares% PortLast moveHistory
1Microsoft Corp
Common Stock
$76.1M205.7K
22.6%
+231%
Added · +144K sh
2SPDR Gold TR
Common Stock
$32.3M75.1K
9.6%
+116%
Added · +40K sh
3Tesla Inc
Common Stock
$23.2M62.5K
6.9%
−42%
Reduced · −46K sh
4State STR SPDR S&P 500 ETF T
Common Stock
$20.6M31.7K
6.1%
−63%
Reduced · −55K sh
5Bloom Energy Corp
Common Stock
$20.4M150.3K
6.0%
+3.4%
Added · +5K sh
6Broadcom Inc
Common Stock
$15.9M51.4K
4.7%
+638%
Added · +44K sh
7Strategy Inc
Common Stock
$14.0M112.1K
4.2%
−69%
Reduced · −252K sh
8Alibaba Group Hldg Ltd
Common Stock
$13.5M107.3K
4.0%
+140%
Added · +63K sh
9Nvidia Corporation
Common Stock
$11.2M64.4K
3.3%
−91%
Reduced · −641K sh
10Vaneck ETF Trust
Common Stock
$9.4M102.0K
2.8%
New
New position
11Ishares Bitcoin Trust ETF
Common Stock
$8.9M231.5K
2.6%
+155%
Added · +141K sh
12Versant Media Group Inc
Common Stock
$7.1M192.7K
2.1%
New
New position
13Oracle Corp
Common Stock
$6.9M46.6K
2.0%
+499%
Added · +39K sh
14Mara Holdings Inc
Common Stock
$6.0M729.9K
1.8%
+237%
Added · +513K sh
15Boeing Co
Common Stock
$4.3M21.7K
1.3%
+469%
Added · +18K sh
16Jd.com Inc
Common Stock
$3.8M130.1K
1.1%
−79%
Reduced · −475K sh
17Sharplink Inc
Common Stock
$3.4M523.1K
1.0%
−32%
Reduced · −248K sh
18PDD Holdings Inc
Common Stock
$3.1M30.6K
0.9%
−51%
Reduced · −32K sh
19Bank America Corp
Common Stock
$2.9M2.5K
0.9%
Held
20Unitedhealth Group Inc
Common Stock
$2.7M9.9K
0.8%
+199%
Added · +7K sh
21Rivian Automotive Inc
Common Stock
$2.7M177.6K
0.8%
+60%
Added · +67K sh
22Ishares TR
Common Stock
$2.6M74.0K
0.8%
New
New position
23Applied Digital Corp
Common Stock
$2.3M95.5K
0.7%
−4.5%
Reduced · −5K sh
24Circle Internet Group Inc
Common Stock
$1.6M16.8K
0.5%
+41%
Added · +5K sh
25Opendoor Technologies Inc
Common Stock
$1.6M341.2K
0.5%
−8.7%
Reduced · −33K sh
26United STS Oil FD LP
Common Stock
$1.6M12.4K
0.5%
New
New position
27Beyond Meat Inc
Common Stock
$1.4M2.06M
0.4%
−9.9%
Reduced · −225K sh
28SPDR Series Trust
Common Stock
$1.4M22.0K
0.4%
New
New position
29Trump Media & Technology Gro
Common Stock
$1.4M152.5K
0.4%
+841%
Added · +136K sh
30Kraneshares Trust
Common Stock
$1.4M48.2K
0.4%
+52%
Added · +17K sh
31Intel Corp
Common Stock
$1.3M30.4K
0.4%
−71%
Reduced · −73K sh
32Coinbase Global Inc
Common Stock
$1.2M6.9K
0.4%
−95%
Reduced · −140K sh
33PayPal Hldgs Inc
Common Stock
$1.0M22.1K
0.3%
−64%
Reduced · −39K sh
34Enovix Corporation
Common Stock
$907K175.0K
0.3%
+5.0%
Added · +8K sh
35Core Scientific Inc New
Common Stock
$838K56.0K
0.2%
−73%
Reduced · −149K sh
36Amazon Com Inc
Common Stock
$821K3.9K
0.2%
−98%
Reduced · −252K sh
37Ishares Silver TR
Common Stock
$818K12.0K
0.2%
+300%
Added · +9K sh
38Sap SE
Common Stock
$788K4.6K
0.2%
+15%
Added · +600 sh
39Ishares TR
Common Stock
$749K13.2K
0.2%
New
New position
40Intuit
Common Stock
$735K1.7K
0.2%
New
New position
41Schwab Charles Corp
Common Stock
$705K7.5K
0.2%
New
New position
42Kenvue Inc
Common Stock
$697K40.4K
0.2%
−77%
Reduced · −134K sh
43Atlassian Corporation
Common Stock
$662K9.7K
0.2%
New
New position
44Carvana Co
Common Stock
$607K1.9K
0.2%
−45%
Reduced · −2K sh
45Pagaya Technologies Ltd
Common Stock
$601K51.6K
0.2%
New
New position
46First Solar Inc
Common Stock
$592K3.0K
0.2%
New
New position
47Sentinelone Inc
Common Stock
$567K44.0K
0.2%
−56%
Reduced · −57K sh
48Meta Platforms Inc
Common Stock
$548K958
0.2%
−97%
Reduced · −30K sh
49Alphabet Inc
Common Stock
$545K1.9K
0.2%
−99%
Reduced · −178K sh
50Wells Fargo & Co
Common Stock
$513K444
0.2%
Held
Showing 50 of 150 positions

Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$1.7B
Call notional (bullish)$1.7B
TypeUnderlyingNotional valueUnderlying shares
CALL · bullishISHARES SILVER TR$983.7M14.4M
PUT · bearishISHARES SILVER TR$686.6M10.1M
PUT · bearishSTATE STR SPDR S&P 500 ETF T$357.7M550K
CALL · bullishSTATE STR SPDR S&P 500 ETF T$284.4M437K
PUT · bearishSPDR GOLD TR$216.4M503K
PUT · bearishISHARES BITCOIN TRUST ETFIBIT$129.1M3.4M
CALL · bullishSPDR GOLD TR$128.5M299K
CALL · bullishTESLA INC$121.0M325K
PUT · bearishMICROSOFT CORPMSFT$74.3M201K
CALL · bullishISHARES BITCOIN TRUST ETFIBIT$42.3M1.1M
PUT · bearishNVIDIA CORPORATION$26.1M150K
PUT · bearishINVESCO QQQ TR$25.3M44K
PUT · bearishSTRATEGY INC$16.2M130K
PUT · bearishBROADCOM INC$16.2M52K
PUT · bearishPDD HOLDINGS INC$15.1M148K
PUT · bearishPALANTIR TECHNOLOGIES INC$11.9M82K
PUT · bearishVANECK ETF TRUST$11.3M119K
PUT · bearishALIBABA GROUP HLDG LTD$10.7M85K
PUT · bearishPAGAYA TECHNOLOGIES LTD$10.2M876K
CALL · bullishINVESCO QQQ TR$9.7M17K
PUT · bearishWARNER BROS DISCOVERY INCWBD$9.4M343K
CALL · bullishALIBABA GROUP HLDG LTD$8.4M67K
CALL · bullishISHARES INC$7.7M200K
CALL · bullishKRANESHARES TRUST$7.4M262K
PUT · bearishORACLE CORP$7.4M50K

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 equity book, weighting, concentration and sector figures above. Showing the largest 25 of 144 option legs.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 14, 2026389$3.7B13F-HR
Q4 2025Dec 31, 2025Feb 13, 2026473$4.4B13F-HR
Q3 2025Sep 30, 2025Nov 13, 2025413$1.5B13F-HR
Q2 2025Jun 30, 2025Aug 7, 2025363$836.5M13F-HR
Q1 2025Mar 31, 2025May 13, 2025465$744.7M13F-HR
Q4 2024Dec 31, 2024Feb 7, 2025341$1.8B13F-HR
Q3 2024Sep 30, 2024Nov 7, 2024287$1.1B13F-HR
Q2 2024Jun 30, 2024Aug 12, 2024340$1.3B13F-HR
Q1 2024Mar 31, 2024May 10, 2024376$1.3B13F-HR
Q4 2023Dec 31, 2023Feb 13, 2024404$2.0B13F-HR
Q3 2023Sep 30, 2023Nov 13, 2023352$1.2B13F-HR
Q2 2023Jun 30, 2023Aug 14, 2023284$1.2B13F-HR
Q1 2023Mar 31, 2023May 12, 2023291$1.4B13F-HR
Q4 2022Dec 31, 2022May 24, 2023298$812.6M13F-HR/A
Q3 2022Sep 30, 2022Nov 14, 2022299$1.0B13F-HR
Q2 2022Jun 30, 2022Aug 12, 2022322$892.9M13F-HR
Q1 2022Mar 31, 2022May 16, 2022348$1.2B13F-HR
Q4 2021Dec 31, 2021Feb 11, 2022331$1.2B13F-HR
Q3 2021Sep 30, 2021Nov 12, 2021395$1.4B13F-HR
Q2 2021Jun 30, 2021Aug 16, 2021330$1.0B13F-HR
Q1 2021Mar 31, 2021May 17, 2021421$1.1B13F-HR
Q4 2020Dec 31, 2020Feb 16, 2021366$1.9B13F-HR
Q3 2020Sep 30, 2020Nov 17, 2020266$1.3B13F-HR
Amended / restated
  • Q4 2022 · filed Feb 14, 202313F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; 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.