Marathon Trading Investment Management LLC Top Holdings and 13F Report (2025)

About Marathon Trading Investment Management LLC

Investment Activity

Marathon Trading Investment Management LLC has $744.74 million in total holdings as of March 31, 2025.
Marathon Trading Investment Management LLC owns shares of 352 different stocks, but just 46 companies or ETFs make up 80% of its holdings.
Approximately 38.42% of the portfolio was purchased this quarter.
About 184.04% of the portfolio was sold this quarter.
This quarter, Marathon Trading Investment Management LLC has purchased 321 new stocks and bought additional shares in 99 stocks.
Marathon Trading Investment Management LLC sold shares of 115 stocks and completely divested from 83 stocks this quarter.

Largest Holdings

SPDR S&P 500 ETF TR: $122,450,471
NVIDIA CORPORATION: $59,023,748
NVIDIA: $54,937,822
SPDR GOLD TR: $35,066,638
PDD HOLDINGS INC: $20,853,270

Largest New Holdings this Quarter

500767906 - KRANESHARES TRUST: $8,469,166 Holding
500767956 - KRANESHARES TRUST: $3,417,689 Holding
912909108 - United States Steel: $3,192,532 Holding
36828A951 - GE VERNOVA INC: $3,052,800 Holding
438516106 - Honeywell International: $1,926,925 Holding

Largest Purchases this Quarter

NVIDIA CORPORATION: 336,000 shares (about $36.42M)
NVIDIA: 335,221 shares (about $36.33M)
SPDR GOLD TR: 121,100 shares (about $34.89M)
SPDR S&P 500 ETF TR: 59,800 shares (about $33.45M)
SELECT SECTOR SPDR TR: 162,500 shares (about $13.46M)

Largest Sales this Quarter

Strategy: 416,456 shares (about $120.05M)
MICROSTRATEGY INC: 372,300 shares (about $107.32M)
MICROSOFT CORP: 200,200 shares (about $75.15M)
Microsoft: 195,500 shares (about $73.39M)
UNITED STATES STL CORP NEW: 1,612,300 shares (about $68.14M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
SPDR S&P 500 ETF TR	$122,450,471	$33,451,522 ▲	37.6%	218,900	16.4%	Option
NVIDIA CORPORATION	$59,023,748	$36,415,680 ▲	161.1%	544,600	7.9%	Option
NVDA NVIDIA	$54,937,822	$36,331,252 ▲	195.3%	506,900	7.4%	Computer and Technology
SPDR GOLD TR	$35,066,638	$34,893,754 ▲	20,183.3%	121,700	4.7%	Option
PDD HOLDINGS INC	$20,853,270	$1,041,480 ▼	-4.8%	176,200	2.8%	Option
TESLA INC	$14,875,784	$24,620,200 ▼	-62.3%	57,400	2.0%	Option
SELECT SECTOR SPDR TR	$13,653,183	$13,462,635 ▲	7,065.2%	164,800	1.8%	Option
ALIBABA GROUP HLDG LTD	$13,447,791	$67,609,199 ▼	-83.4%	101,700	1.8%	Option
JD.COM INC	$13,364,000	$10,855,680 ▼	-44.8%	325,000	1.8%	Option
SPDR GOLD TR	$13,196,812	$7,491,640 ▲	131.3%	45,800	1.8%	Option
BANK AMERICA CORP	$12,811,110	$59,202,351 ▼	-82.2%	307,000	1.7%	Option
PDD HOLDINGS INC	$11,906,010	$11,408,940 ▼	-48.9%	100,600	1.6%	Option
CITIGROUP INC	$11,067,341	$475,633 ▼	-4.1%	155,900	1.5%	Option
BABA Alibaba Group	$9,634,806	$61,133,627 ▼	-86.4%	72,864	1.3%	Retail/Wholesale
ISHARES TR	$9,576,356	$109,236 ▲	1.2%	105,200	1.3%	Option
SPDR S&P 500 ETF TR	$9,509,630	$12,138,763 ▼	-56.1%	17,000	1.3%	Option
BAC Bank of America	$9,155,103	$17,549,760 ▼	-65.7%	219,389	1.2%	Finance
SIRIUSXM HOLDINGS INC	$8,819,604	$2,522,786 ▼	-22.2%	391,200	1.2%	Option
MICROSTRATEGY INC	$8,648,100	$1,585,485 ▼	-15.5%	30,000	1.2%	Option
ALIBABA GROUP HLDG LTD	$8,634,619	$8,436,274 ▼	-49.4%	65,300	1.2%	Option
KRANESHARES TRUST	$8,469,166	$8,469,166 ▲	New Holding	242,600	1.1%	Option
VANECK ETF TRUST	$8,306,815	$15,336,047 ▼	-64.9%	164,500	1.1%	Option
GME GameStop	$7,795,930	$5,296,447 ▲	211.9%	349,280	1.0%	Consumer Discretionary
SPY SPDR S&P 500 ETF Trust	$7,706,716	$51,627,222 ▼	-87.0%	13,777	1.0%	Finance
ISHARES BITCOIN TRUST ETF	$7,563,372	$5,728,420 ▲	312.2%	161,576	1.0%	Common Stock
TESLA INC	$7,515,640	$725,648 ▲	10.7%	29,000	1.0%	Option
JD.COM INC	$6,990,400	$8,557,072 ▼	-55.0%	170,000	0.9%	Option
WFC Wells Fargo & Company	$6,771,090	$22,283,619 ▼	-76.7%	94,318	0.9%	Finance
ISHARES SILVER TR	$6,650,454	$8,646,210 ▼	-56.5%	214,600	0.9%	Option
BANK AMERICA CORP	$6,438,939	$158,574 ▲	2.5%	154,300	0.9%	Option
MICROSTRATEGY INC	$5,909,535	$107,322,921 ▼	-94.8%	20,500	0.8%	Option
INTC Intel	$5,738,386	$4,529,192 ▼	-44.1%	252,681	0.8%	Computer and Technology
UNITED STATES STL CORP NEW	$4,576,758	$68,135,798 ▼	-93.7%	108,300	0.6%	Option
LMT Lockheed Martin	$4,556,442	$2,769,602 ▲	155.0%	10,200	0.6%	Aerospace
UNITED STATES STL CORP NEW	$4,403,492	$26,087,098 ▼	-85.6%	104,200	0.6%	Option
GLD SPDR Gold Shares	$3,790,194	$1,649,025 ▼	-30.3%	13,154	0.5%	Finance
META Meta Platforms	$3,719,828	$3,534,240 ▲	1,904.3%	6,454	0.5%	Computer and Technology
WELLS FARGO CO NEW	$3,596,679	$28,716,000 ▼	-88.9%	50,100	0.5%	Option
MICROSOFT CORP	$3,566,205	$2,327,418 ▲	187.9%	9,500	0.5%	Option
VANECK ETF TRUST	$3,516,725	$2,636,241 ▲	299.4%	67,500	0.5%	Option
KRANESHARES TRUST	$3,417,689	$3,417,689 ▲	New Holding	97,900	0.5%	Option
X United States Steel	$3,192,532	$3,192,532 ▲	New Holding	75,545	0.4%	Basic Materials
XLE Energy Select Sector SPDR Fund	$3,191,317	$2,803,500 ▲	722.9%	34,150	0.4%	ETF
GE VERNOVA INC	$3,052,800	$3,052,800 ▲	New Holding	10,000	0.4%	Option
BANK AMERICA CORP	$3,041,980		0.0%	2,464	0.4%	Common Stock
PALANTIR TECHNOLOGIES INC	$3,004,640	$7,292,160 ▼	-70.8%	35,600	0.4%	Option
META PLATFORMS INC	$2,939,436	$2,132,532 ▲	264.3%	5,100	0.4%	Option
SELECT SECTOR SPDR TR	$2,580,158	$338,708 ▲	15.1%	51,800	0.3%	Option
SELECT SECTOR SPDR TR	$2,560,352	$2,333,224 ▲	1,027.3%	12,400	0.3%	Option
AMAZON COM INC	$2,492,406	$627,858 ▲	33.7%	13,100	0.3%	Option
RIOT PLATFORMS INC	$2,492,000	$2,481,320 ▲	23,233.3%	350,000	0.3%	Option
COINBASE GLOBAL INC	$2,359,551	$8,146,479 ▼	-77.5%	13,700	0.3%	Option
COIN Coinbase Global	$2,355,417	$1,061,626 ▲	82.1%	13,676	0.3%	Finance
ADVANCED MICRO DEVICES INC	$2,332,198	$13,017,158 ▼	-84.8%	22,700	0.3%	Option
SELECT SECTOR SPDR TR	$2,216,545	$1,021,105 ▼	-31.5%	44,500	0.3%	Option
SELECT SECTOR SPDR TR	$2,209,336	$1,796,376 ▲	435.0%	10,700	0.3%	Option
HON Honeywell International	$1,926,925	$1,926,925 ▲	New Holding	9,100	0.3%	Multi-Sector Conglomerates
NVIDIA CORPORATION	$1,907,488	$14,338,674 ▼	-88.3%	17,600	0.3%	Option
META PLATFORMS INC	$1,901,988	$1,729,080 ▲	1,000.0%	3,300	0.3%	Option
TAIWAN SEMICONDUCTOR MFG LTD	$1,759,600	$23,422,600 ▼	-93.0%	10,600	0.2%	Option
GS The Goldman Sachs Group	$1,748,128	$1,748,128 ▲	New Holding	3,200	0.2%	Finance
MSFT Microsoft	$1,702,769	$73,388,743 ▼	-97.7%	4,536	0.2%	Computer and Technology
SELECT SECTOR SPDR TR	$1,685,325	$305,629 ▲	22.2%	19,300	0.2%	Option
SELECT SECTOR SPDR TR	$1,679,115	$1,649,913 ▲	5,650.0%	11,500	0.2%	Option
SELECT SECTOR SPDR TR	$1,639,650	$1,340,655 ▲	448.4%	17,000	0.2%	Option
ALPHABET INC	$1,608,256	$1,360,832 ▲	550.0%	10,400	0.2%	Option
SCHWAB CHARLES CORP	$1,573,428	$7,828 ▼	-0.5%	20,100	0.2%	Option
ISHARES TR	$1,565,716	$1,338,141 ▲	588.0%	17,200	0.2%	Option
SELECT SECTOR SPDR TR	$1,533,519	$1,363,128 ▲	800.0%	11,700	0.2%	Option
COST Costco Wholesale	$1,507,573	$1,507,573 ▲	New Holding	1,594	0.2%	Retail/Wholesale
RIVIAN AUTOMOTIVE INC	$1,431,750	$1,439,220 ▼	-50.1%	115,000	0.2%	Option
ADVANCED MICRO DEVICES INC	$1,428,086	$61,644 ▲	4.5%	13,900	0.2%	Option
MSTR Strategy	$1,386,867	$120,051,774 ▼	-98.9%	4,811	0.2%	Computer and Technology
BILI Bilibili	$1,363,078	$777,070 ▲	132.6%	71,328	0.2%	Consumer Discretionary
BROADCOM INC	$1,356,183	$33,486 ▼	-2.4%	8,100	0.2%	Option
RIOT Riot Platforms	$1,344,292	$1,062,938 ▲	377.8%	188,805	0.2%	Business Services
SELECT SECTOR SPDR TR	$1,342,728	$987,300 ▲	277.8%	6,800	0.2%	Option
UBER Uber Technologies	$1,294,212	$1,801,172 ▼	-58.2%	17,763	0.2%	Computer and Technology
KWEB KraneShares CSI China Internet ETF	$1,216,648	$1,216,648 ▲	New Holding	34,851	0.2%	Manufacturing
MU Micron Technology	$1,207,076	$1,317,426 ▼	-52.2%	13,892	0.2%	Computer and Technology
ALPHABET INC	$1,144,336	$804,128 ▲	236.4%	7,400	0.2%	Option
SBUX Starbucks	$1,109,594	$1,109,594 ▲	New Holding	11,312	0.1%	Retail/Wholesale
WMT Walmart	$1,101,589	$1,101,589 ▲	New Holding	12,548	0.1%	Retail/Wholesale
U Unity Software	$1,100,958	$286,014 ▼	-20.6%	56,200	0.1%	Computer and Technology
PALANTIR TECHNOLOGIES INC	$1,077,534	$214,376 ▲	24.8%	12,767	0.1%	Common Stock
SELECT SECTOR SPDR TR	$1,070,595	$1,051,305 ▲	5,450.0%	11,100	0.1%	Option
INTEL CORP	$1,069,641	$6,349,716 ▼	-85.6%	47,100	0.1%	Option
SELECT SECTOR SPDR TR	$1,065,873	$773,853 ▲	265.0%	7,300	0.1%	Option
GOOGL Alphabet	$1,006,861	$867,685 ▲	623.4%	6,511	0.1%	Computer and Technology
MAPLEBEAR INC	$997,250	$618,295 ▲	163.2%	25,000	0.1%	Common Stock
SALESFORCE INC	$992,932	$4,374,268 ▼	-81.5%	3,700	0.1%	Option
AMC ENTMT HLDGS INC	$970,921	$731,850 ▼	-43.0%	338,300	0.1%	Option
CMG Chipotle Mexican Grill	$964,032	$753,150 ▲	357.1%	19,200	0.1%	Retail/Wholesale
BILIBILI INC	$955,500	$95,550 ▼	-9.1%	50,000	0.1%	Option
QUALCOMM INC	$952,382	$844,855 ▲	785.7%	6,200	0.1%	Option
AAPL Apple	$938,277	$688,603 ▲	275.8%	4,224	0.1%	Computer and Technology
ISHARES BITCOIN TRUST ETF	$903,433	$903,433 ▲	New Holding	19,300	0.1%	Option
SELECT SECTOR SPDR TR	$892,920	$864,270 ▲	3,016.7%	18,700	0.1%	Option
AAL American Airlines Group	$881,980	$881,980 ▲	New Holding	83,600	0.1%	Transportation
CROWDSTRIKE HLDGS INC	$881,450	$881,450 ▲	New Holding	2,500	0.1%	Option

Showing largest 100 holdings. View all holdings.

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Marathon Trading Investment Management LLC Top Holdings and 13F Report (2025)

About Marathon Trading Investment Management LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

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Marathon Trading Investment Management LLC Top Holdings and 13F Report (2025)

About Marathon Trading Investment Management LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofMarathon Trading Investment Management LLC

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools