0001040592-11-000026.txt : 20110715
0001040592-11-000026.hdr.sgml : 20110715
20110715065735
ACCESSION NUMBER: 0001040592-11-000026
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110715
DATE AS OF CHANGE: 20110715
EFFECTIVENESS DATE: 20110715
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: MARATHON ASSET MANAGEMENT LLP
CENTRAL INDEX KEY: 0001040592
IRS NUMBER: 954328983
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-03743
FILM NUMBER: 11969055
BUSINESS ADDRESS:
STREET 1: ORION HOUSE
STREET 2: 5 UPPER ST MARTIN'S LANE
CITY: LONDON
STATE: X0
ZIP: WC2H 9EA
BUSINESS PHONE: 00442074972399
MAIL ADDRESS:
STREET 1: ORION HOUSE
STREET 2: 5 UPPER ST MARTIN'S LANE
CITY: LONDON
STATE: X0
ZIP: WC2H 9EA
FORMER COMPANY:
FORMER CONFORMED NAME: MARATHON ASSET MANAGEMENT (SERVICES) LTD
DATE OF NAME CHANGE: 20050208
FORMER COMPANY:
FORMER CONFORMED NAME: MARATHON ASSET MANAGEMENT LTD/LONDON
DATE OF NAME CHANGE: 19990324
13F-HR
1
holdings.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended : June 30, 2011
Check here if Amendment [ ]; Amendment number: 1
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Marathon Asset Management LLP
Address: Orion House
5 Upper St. Martins Lane
London
WC2H 9EA
United Kingdom
13F File Number: 28-6422
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorised to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on behalf of Reporting Manager:
Name: Simon Davies
Title: Compliance Officer
Phone: (00) 44 (0)20 7497 2211
Signature, Place and Date of Signing:
Simon Davies London, United Kingdom July 15, 2011
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
N/A
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
FORM 13F
REPORT SUMMARY:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 107
Form 13F Information Table Value Total: $8,511,964 (thousands)
List of Other Included Managers:
No. 13F File Number Name
FORM 13 F INFORMATION TABLE
FORM 13F INFORMATION TABLE
NAME OF ISSUER TITLE OF VALUE SHARES/ SH/ INVSTMT OTHER VOTING AUTHORITY
CLASS CUSIP x$1000 PRN AMT PRN DSCRETN MANAGERS SOLE SHARED NONE
ALCATEL SA-SPONSORED ADR COM 013904305 9810 1700174 SH SHARED 0 1278593 421581
ALLIANCE DATA SYSTEMS CORP COM 018581108 81945 871109 SH SHARED 0 666241 204868
ALTRIA GROUP COM 02209S103 37115 1405354 SH SHARED 0 1044192 361162
AMAZON COM INC COM 023135106 401686 1964330 SH SHARED 0 1498387 465943
AMERICAN MOVIL - SAB DE CV COM 02364W105 30993 575231 SH SHARED 0 420601 154630
AMERICAN EXPRESS CO COM 025816109 125199 2421647 SH SHARED 0 1851635 570012
AMERICAN GREETINGS CORP - CLASS A COM 026375105 106713 4438972 SH SHARED 0 3389404 1049568
AMERIPRISE FIN INC COM 03076C106 6855 118853 SH SHARED 0 89309 29544
AMR CORP 6.25 10 15 14 COM 001765BC9 5128 5287000 SH SHARED 0 3954000 1333000
AMR CORP COM 001765106 64855 12010127 SH SHARED 0 9177910 2832217
AOL INC COM 00184X105 1354 68164 SH SHARED 0 51982 16182
ASCENT MEDIA CORP A COM 043632108 1564 29520 SH SHARED 0 22373 7147
BAKER HUGHES INC COM 057224107 10784 148620 SH SHARED 0 111845 36775
BANCO SANTANDER ADR COM 05964H105 2706 235077 SH SHARED 0 176887 58190
BANK OF AMERICA CORP COM 060505104 200178 18264411 SH SHARED 0 13960113 4304298
BCE INC COM 05534B760 74881 1910830 SH SHARED 0 1438738 472092
BERKSHIRE HATHAWAY "B" COM 084670207 245773 3175777 SH SHARED 0 2440613 735164
BLUE NILE INC COM 09578R103 103040 2342891 SH SHARED 0 1785858 557033
BRISTOL-MYERS SQUIBB CO COM 110122108 23967 827591 SH SHARED 0 622781 204810
BROOKFIELD ASSET MANAGE-CL A COM 112585104 16571 499570 SH SHARED 0 402242 97328
CABLEVISION SYSTEMS NY GROUP A COM 12686C109 635503 17550495 SH SHARED 0 13385568 4164927
CAVCO INDUSTRIES INC COM 149568107 4722 104928 SH SHARED 0 79264 25664
CB RICHARD ELLIS GROUP INC A COM 12497T101 134595 5360213 SH SHARED 0 4088778 1271435
CBS CORP CLASS B COM 124857202 94506 3317161 SH SHARED 0 2530831 786330
CBS CORP - CL A COM 124857103 31691 1101542 SH SHARED 0 838687 262855
CEMEX SAB DE CV COM 151290889 4765 554015 SH SHARED 0 415265 138750
CHUNGHWA TELECOM CO LTD SPON ADR COM 17133Q502 58 1667 SH SHARED 0 1667 0
CINCINNATI BELL INC COM 171871106 5070 1527187 SH SHARED 0 1152588 374599
CIT GROUP INC COM 125581801 60042 1356573 SH SHARED 0 1034228 322345
CITIGROUP INC COM 172967101 56058 1346265 SH SHARED 0 1026072 320193
COSTCO WHOLESALE CORP COM 22160K105 394480 4855732 SH SHARED 0 3700358 1155374
DELL INC COM 24702R101 5650 338906 SH SHARED 0 251882 87024
DELTA AIR LINES COM 247361702 117251 12786326 SH SHARED 0 9761348 3024978
DIRECTV GROUP INC COM 25490A101 47708 938761 SH SHARED 0 715765 222996
DISCOVERY COMMUNICATIONS A COM 25470F104 6788 165716 SH SHARED 0 125103 40613
DISCOVERY COMMUNICATIONS C COM 25470F302 3449 94360 SH SHARED 0 71136 23224
DST SYSTEMS INC COM 233326107 72242 1368227 SH SHARED 0 1046080 322147
EBAY INC COM 278642103 101945 3159128 SH SHARED 0 2410410 748718
ESTEE LAUDER COMPANIES CLASS A COM 518439104 167003 1587629 SH SHARED 0 1215898 371731
EXPEDITORS INTL WASH INC COM 302130109 30805 601777 SH SHARED 0 456562 145215
FORRESTER RESEARCH INC COM 346563109 31428 953517 SH SHARED 0 728162 225355
FRESENIUS MEDICAL CARE ADR COM 358029106 106057 1419767 SH SHARED 0 1010305 409462
GARTNER INC COM 366651107 203025 5039089 SH SHARED 0 3844045 1195044
HACKETT GROUP INC COM 404609109 2622 515209 SH SHARED 0 372092 143117
HANESBRANDS INC COM 410345102 51634 1808533 SH SHARED 0 1369421 439112
HEALTH MANAGEMENT ASSOCIATES INC A COM 421933102 29287 2716768 SH SHARED 0 2050111 666657
HEIDRICK & STRUGGLES COM 422819102 8253 364544 SH SHARED 0 274689 89855
HEWLETT PACKARD CO COM 428236103 62716 1722965 SH SHARED 0 1311538 411427
HUNT (JB) TRANSPORT SVCS INC COM 445658107 3295 69975 SH SHARED 0 52834 17141
HUNTINGTON BANCSHARE INC COM 446150104 26144 3985431 SH SHARED 0 3056179 929252
HUNTINGTON INGALLAS INDS INC COM 446413106 1872 54254 SH SHARED 0 42863 11391
IMPERIAL OIL LTD CANADA COM 453038408 165886 3564029 SH SHARED 0 2709536 854493
INTERPUBLIC GROUP OF COS INC COM 460690100 18994 1519483 SH SHARED 0 1145401 374082
JP MORGAN CHASE AND CO COM 46625H100 5076 123977 SH SHARED 0 92746 31231
K12 INC COM 48273U102 52182 1574587 SH SHARED 0 1206067 368520
KANSAS CITY SOUTHERN COM 485170302 248257 4184348 SH SHARED 0 3193498 990850
KBH US COM 48666K109 28569 2921197 SH SHARED 0 2221576 699621
LAZARD LTD - C1 A COM G54050102 143362 3864203 SH SHARED 0 2949676 914527
LEGG MASON INC COM 524901105 172950 5279314 SH SHARED 0 4032888 1246426
LEVEL 3 COMM INC COM 52729N100 67682 27738325 SH SHARED 0 21112400 6625925
LIBERTY GLB SERIES C COM 530555309 189043 4427241 SH SHARED 0 3372534 1054707
LIBERTY GLOBAL INC COMMON CLASS A COM 530555101 261778 5812120 SH SHARED 0 4429223 1382897
LIBERTY MEDIA HOLD CAP SER A COM 53071M302 52076 607229 SH SHARED 0 463371 143928
LIBERTY MEDIA STARZ COM 53071M708 17426 231609 SH SHARED 0 176080 55529
LIBERTY MEDIA-INTERACTIVE A COM 53071M104 49286 2938953 SH SHARED 0 2237297 701656
LSI CORPORATION COM 502161102 97728 13725836 SH SHARED 0 10475323 3250513
LUXOTTICA ADR COM 55068R202 171232 5334317 SH SHARED 0 4132855 1201462
M & T BANK CORP COM 55261F104 52784 600163 SH SHARED 0 458815 141348
MADISON SQUARE GARDEN INC-A COM 55826P100 15110 548854 SH SHARED 0 418591 130263
MARSHALL & ILSLEY CORP COM 571837103 69669 8741368 SH SHARED 0 6681568 2059800
MBIA INC COM 55262C100 88718 10209168 SH SHARED 0 7769174 2439994
MERCK & CO INC COM 58933Y105 11197 317274 SH SHARED 0 237270 80004
MERCURY GENERAL CORP COM 589400100 44336 1122710 SH SHARED 0 852753 269957
MGIC INVESTMENT CORP COM 552848103 23962 4027228 SH SHARED 0 3049332 977896
MGM MIRAGE COM 552953101 91545 6929987 SH SHARED 0 5320158 1609829
MICROSOFT CORP COM 594918104 62826 2416387 SH SHARED 0 1836031 580356
MOHAWK INDUSTRIES COM 608190104 5180 86349 SH SHARED 0 64550 21799
MONSANTO CO COM 61166W101 88644 1222002 SH SHARED 0 933582 288420
MOODYS CORPORATION COM 615369105 56347 1469289 SH SHARED 0 1118350 350939
NII HOLDINGS 3.125pctCVNT15062012 USD COM 62913FAJ1 9730 9718000 SH SHARED 0 6537000 3181000
NII HOLDINGS INC COM 62913F201 132698 3131144 SH SHARED 0 2448691 682453
NORTHROP GRUMMAN CORPORATION COM 666807102 22335 322063 SH SHARED 0 256416 65647
PHILIP MORRIS INTERNATIONAL W/1 COM 718172109 77215 1156437 SH SHARED 0 856793 299644
PITNEY BOWES INC COM 724479100 7944 345550 SH SHARED 0 259297 86253
PRICELINE.COM INC COM 741503403 205712 401837 SH SHARED 0 305577 96260
PRIMEDIA COM 74157K846 22375 3173694 SH SHARED 0 2410298 763396
PULTE HOMES INC COM 745867101 90068 11758269 SH SHARED 0 8978908 2779361
RAYTHEON COMPANY COM 755111507 47756 958002 SH SHARED 0 723190 234812
REGIONS FINANCIAL CORP COM 7591EP100 43394 6999064 SH SHARED 0 5351964 1647100
ROGERS COMMUNICATIONS INC. CLASS B COM 775109200 412843 10432964 SH SHARED 0 7844055 2588909
SAPIENT CORPORATION COM 803062108 29523 1964272 SH SHARED 0 1506323 457949
SCOTTS MIRACLE GRO COM 810186106 82218 1602381 SH SHARED 0 1220172 382209
SHERWIN-WILLIAMS CO COM 824348106 5968 71155 SH SHARED 0 53167 17988
SL GREEN REALTY CORP COM 78440X101 233353 2815897 SH SHARED 0 2144223 671674
SOTHEBYS COM 835898107 87685 2015749 SH SHARED 0 1540293 475456
SOTHERBYS CNV 3.125PCT 15/06/13 COM 835898AC1 17018 12083000 SH SHARED 0 9881726 2201274
SYNOVUS FINANCIAL CORP COM 87161C105 30340 14586592 SH SHARED 0 11147792 3438800
TAIWAN SEMICONDUCTOR - SP ADR COM 874039100 1918 152094 SH SHARED 0 152094 0
TELEFONOS DE MEXICO SA ADR COM 879403780 5317 322264 SH SHARED 0 232890 89374
THE KROGER CO COM 501044101 110408 4451952 SH SHARED 0 3403827 1048125
TIME WARNER INC COM 887317105 68176 1874512 SH SHARED 0 1428448 446064
TOWERS WATSON & CO COM 891894107 164239 2499453 SH SHARED 0 1904970 594483
ULTRAPETROL (BAHAMAS) LTD COM P94398107 9848 1993604 SH SHARED 0 1177150 816454
US AIRWAYS GROUP INC COM 90341W108 57030 6400638 SH SHARED 0 4885451 1515187
US AIRWAYS 7 1/4 05/15/14 COM 911905AC1 4399 2062000 SH SHARED 0 1566000 496000
VIAD CORP COM 92552R406 86116 3863422 SH SHARED 0 2926294 937128
XEROX COM 984121103 42712 4102952 SH SHARED 0 3116397 986555