0001213206-12-000004.txt : 20120201 0001213206-12-000004.hdr.sgml : 20120201 20120201094158 ACCESSION NUMBER: 0001213206-12-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120201 DATE AS OF CHANGE: 20120201 EFFECTIVENESS DATE: 20120201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARATHON CAPITAL MANAGEMENT CENTRAL INDEX KEY: 0001213206 IRS NUMBER: 203954582 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12098 FILM NUMBER: 12561190 BUSINESS ADDRESS: STREET 1: 4 NORTH PARK DRIVE STREET 2: SUITE 106 CITY: HUNT VALLEY STATE: MD ZIP: 21030-1806 BUSINESS PHONE: 410-329-1522 MAIL ADDRESS: STREET 1: 4 NORTH PARK DRIVE STREET 2: SUITE 106 CITY: HUNT VALLEY STATE: MD ZIP: 21030-1806 13F-HR 1 form13f-1211.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: 12/31/2011 Check here if Amendment [ ]; Amendment Number __________________ This Amendment (check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager filing this Report: Name: Marathon Capital Management Address: 4 North Park Drive, Suite 106 Hunt Valley, MD 21030 Form 13F File Number: 28-12098 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statement, schedules, lists, and tables are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: James G. Kennedy Title: President Phone: 410-329-1522 Signature, Place, and Date of Signing: James G. Kennedy Hunt Valley, MD February 3, 2012 Report Type (check only one.): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report) [ ] 13F NOTICE (check here if no holdings reported are in this report, and all holding are reported by other report1ng manager(s).) [ ] 13F COMBINATION REPORT (check here if a portion of the holding for this reporting manager are reported in this report and a portion are reported by other reporting managers.) FORM 13F SUMMARY PAGE Report Summary Number of Other Included Managers: None Form 13F Information Table Entry Total: 79 Form 13F Information Table Value Total: $123,569 (thousands) List of Other Included Managers: None Provide a number list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE TITLE OF VALUE SHR OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP x$1000 PRN AMT PRN CALL DSCRTN MNGRS SOLE SHRD NONE 3M Company COM 88579Y101 202 2470 SH SOLE 400 0 0 ABB Limited COM 000375204 2277 120934 SH SOLE 1500 0 0 Abbott Laboratories COM 002824100 316 5611 SH SOLE 0 0 Acadia Healthcare COM 00404A109 4857 487157 SH SOLE 425 0 0 Alcatel Lucent COM 013904305 55 35136 SH SOLE 0 0 Alturas Minerals Corp COM 022143101 22 250000 SH SOLE 250000 0 0 American Bio Medica COM 024600108 4 25000 SH SOLE 0 0 Applied Minerals COM 03823M100 3277 2580603 SH SOLE 94000 0 0 ATC Healthcare COM 00209C102 0 400000 SH SOLE 0 0 Athersys Inc COM 04744L106 17 10000 SH SOLE 0 0 Aviat Networks COM 05366Y102 549 300100 SH SOLE 300100 0 0 Baxter International Inc COM 071813109 1093 22080 SH SOLE 600 0 0 Blackrock Real Asset Eq COM 09254B109 1238 116000 SH SOLE 5250 0 0 Bristol-Myers Squibb COM 110122108 210 5960 SH SOLE 0 0 Chevrontexaco Corp COM 166764100 271 2546 SH SOLE 0 0 Cisco Systems Inc COM 17275R102 1560 86289 SH SOLE 2200 0 0 Coca Cola Company COM 191216100 475 6790 SH SOLE 500 0 0 Comcast Corp COM 20030N408 421 16450 SH SOLE 200 0 0 Compumed Inc New COM 204914402 1 31000 SH SOLE 6000 0 0 Conocophillips COM 20825C104 216 2971 SH SOLE 500 0 0 Corgenix Med Corp COM 218724201 7 52606 SH SOLE 52606 0 0 Corning Inc COM 219350105 168 12955 SH SOLE 0 0 Disaboom Inc COM 25459T109 4 1729019 SH SOLE 1724019 0 0 Du Pont E I De Nemour&Co COM 263534109 1134 24777 SH SOLE 600 0 0 Duke Energy Corporation COM 26441C105 940 42747 SH SOLE 1400 0 0 Earthlink Inc COM 270321102 805 125000 SH SOLE 500 0 0 Eaton Corp COM 278058102 1093 25100 SH SOLE 900 0 0 Ecotality Inc COM 27922Y202 791 732750 SH SOLE 7500 0 0 Encana Corp COM 292505104 431 23250 SH SOLE 500 0 0 Exxon Mobil Corporation COM 30231G102 1072 12650 SH SOLE 0 0 General Electric Company COM 369604103 263 14673 SH SOLE 0 0 Great Lakes Dredge COM 390607109 2915 524250 SH SOLE 6500 0 0 Hess Corp COM 42809H107 381 6713 SH SOLE 500 0 0 Honeywell International COM 438516106 216 3978 SH SOLE 0 0 Hudson Technologies COM 444144109 2595 1789464 SH SOLE 23000 0 0 InContact Inc COM 45336E109 12854 2901620 SH SOLE 110700 0 0 Intel Corp COM 458140100 2565 105781 SH SOLE 2000 0 0 Intermap Tech Corp COM 458977204 4283 9690378 SH SOLE 1785650 0 0 Intl Business Machines COM 459200101 1002 5451 SH SOLE 0 0 Johnson & Johnson COM 478160104 2127 32439 SH SOLE 800 0 0 Johnson Controls Inc COM 478366107 468 14975 SH SOLE 500 0 0 Kopin Corp COM 500600101 4514 1163334 SH SOLE 18750 0 0 Lpath Inc COM 548910108 3612 3035197 SH SOLE 342350 0 0 Manitex International COM 563420108 251 59190 SH SOLE 0 0 Marathon Oil Corp COM 565849106 318 10870 SH SOLE 500 0 0 Merck & Co Inc COM 589331107 636 16867 SH SOLE 0 0 Micromem Tech Inc COM 59509P106 4 34000 SH SOLE 0 0 Microsoft Corp COM 594918104 1260 48547 SH SOLE 1000 0 0 Millennium Cell COM 60038B105 0 20000 SH SOLE 0 0 Nanologix Inc COM 630076107 1321 3301300 SH SOLE 1944300 0 0 Novadaq Technologies COM 66987G102 1583 321150 SH SOLE 8500 0 0 Nymox Pharmaceutical COM 67076P102 877 106700 SH SOLE 76600 0 0 Overland Storage COM 690310107 8086 3234486 SH SOLE 356500 0 0 PartnerRE COM G68603508 331 12500 SH SOLE 250 0 0 Paychex Inc COM 704326107 1762 58516 SH SOLE 1400 0 0 Pfizer Inc. COM 717081103 527 24352 SH SOLE 0 0 Phillip Morris Intl COM 718172109 359 4575 SH SOLE 0 0 Polymedix Inc COM 73174C100 115 150000 SH SOLE 150000 0 0 Procera Networks Inc COM 74269U203 8154 523368 SH SOLE 21600 0 0 Procter & Gamble Co COM 742718109 1284 19254 SH SOLE 100 0 0 Prophotonix Ltd. COM 86126T203 33 325000 SH SOLE 200000 0 0 Qualcomm Inc COM 747525103 313 5717 SH SOLE 0 0 Redpoint Bio COM 757736103 1 55640 SH SOLE 0 0 RTI Biologics COM 74975N105 3170 714057 SH SOLE 0 0 rVue Ho1dings COM 74975Jl04 533 2133500 SH SOLE 1531500 0 0 S R S Labs COM 78464M106 3331 579337 SH SOLE 5000 0 0 Support Com Inc COM 86858W101 2273 1010123 SH SOLE 12500 0 0 TVI Pacific Inc COM 872917109 20 500000 SH SOLE 500000 0 0 Telecommunication Sys. COM 87929Jl03 3414 1452925 SH SOLE 16000 0 0 Texas Rare Earth Res. COM 883672108 57 38000 SH SOLE 0 0 Tortoise No Amern Energy COM 89147T103 242 9912 SH SOLE 1000 0 0 Tortoise Pwr & Energy COM 89147X104 680 27200 SH SOLE 250 0 0 Tucows Inc COM 898697107 1039 1383750 SH SOLE 1075750 0 0 Urigen Pharma Inc. COM 917264103 132 3730006 SH SOLE 2770000 0 0 Vical, Inc. COM 925602104 52 11750 SH SOLE 0 0 Visualant Inc COM 928449107 153 2350000 SH SOLE 2350000 0 0 Vitamin Spice COM 92849D103 33 5530000 SH SOLE 5080000 0 0 Weyerhaueser Co COM 962166104 586 31371 SH SOLE 500 0 0 White Mountain Titanium COM 964109102 13456 5750275 SH SOLE 1200150 0 0 Wireless Ronin Tech COM 97652A203 2562 2135000 SH SOLE 0 0 ZBB Energy COM 98876R204 3485 4909151 SH SOLE 337500 0 0