0001040592-16-000007.txt : 20160125 0001040592-16-000007.hdr.sgml : 20160125 20160125103636 ACCESSION NUMBER: 0001040592-16-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20151231 FILED AS OF DATE: 20160125 DATE AS OF CHANGE: 20160125 EFFECTIVENESS DATE: 20160125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARATHON ASSET MANAGEMENT LLP CENTRAL INDEX KEY: 0001040592 IRS NUMBER: 954328983 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03743 FILM NUMBER: 161357714 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 primary_doc.xml 13F-HR LIVE false false false 0001040592 XXXXXXXX 12-31-2015 12-31-2015 false Marathon Asset Management LLP

Orion House 5 Upper St Martin's lane London X0 WC2H 9EA

13F HOLDINGS REPORT 028-03743 N James Bennett 004420749722211 James Bennett London X0 01-22-2016 0 80 4419956 INFORMATION TABLE 2 infotable.xml 3M Co COMMON 88579Y101 46334 308003 SH SOLE 171853 0 136150 Abbot Laboratories COMMON 2824100 52873 1177353 SH SOLE 729722 0 447631 Accenture Plc COMMON G1151C101 52459 501493 SH SOLE 310431 0 191062 Aflac Inc COMMON 1055102 72957 1218141 SH SOLE 760611 0 457530 Alleghany Corp COMMON 17175100 83091 173854 SH SOLE 108553 0 65301 Alphabet Inc. - Class A COMMON 02079K305 48299 62082 SH SOLE 38776 0 23306 Alphabet Inc. - Class C COMMON 02079K107 18531 24418 SH SOLE 15243 0 9175 America Movil SAB de CV COMMON 02364W105 8312 591252 SH SOLE 330561 0 260691 American Express Co COMMON 25816109 39873 573334 SH SOLE 358083 0 215251 Analog Devices Inc COMMON 32654105 52150 942702 SH SOLE 583463 0 359239 Atwood Oceanics Inc COMMON 50095108 6302 616144 SH SOLE 385481 0 230663 Automatic Data Processing COMMON 53015103 21808 255972 SH SOLE 158507 0 97465 Autozone Inc COMMON 53332102 33103 44618 SH SOLE 27619 0 16999 Baidu Inc - Spon ADR COMMON 56752108 83126 439727 SH SOLE 331747 0 107980 Bancolombia Sa -Pref COMMON 05968L102 13882 513514 SH SOLE 286914 0 226600 Baxalta Inc COMMON 07177M103 42313 1082449 SH SOLE 675963 0 406486 Baxter International Inc COMMON 71813109 41382 1081910 SH SOLE 675479 0 406431 Berkshire Hathaway Inc COMMON 84670702 41207 312683 SH SOLE 172709 0 139974 Brookfield Asset Manage-CL A COMMON 112585104 38953 1239348 SH SOLE 779899 0 459449 Canadian Natural Resources COMMON 136385101 67177 3086493 SH SOLE 1942137 0 1144356 Chubb Corp COMMON 171232101 112528 845144 SH SOLE 523173 0 321971 Compania Cervecerias Unidas Spon ADR COMMON 204429104 695 31920 SH SOLE 0 0 31920 Compania de Minas Buenaventura Spon ADR COMMON 204448104 4275 999129 SH SOLE 558982 0 440147 Clean Harbors Inc COMMON 184496107 34114 818952 SH SOLE 511582 0 307370 Coca Cola Co COMMON 191216100 127179 2960540 SH SOLE 1843853 0 1116687 Colgate Palmolive Co COMMON 194162103 148572 2230257 SH SOLE 1383544 0 846713 Costco Wholesale Corp COMMON 22160K105 45049 278944 SH SOLE 174192 0 104752 Ebay Inc COMMON 278642103 33875 1232793 SH SOLE 769707 0 463086 Emerson Electric Co COMMON 291011104 54674 1143141 SH SOLE 707602 0 435539 Endurance Speciality Holdings COMMON G30397106 24873 388706 SH SOLE 240609 0 148097 Estee Lauder Companies Class A COMMON 518439104 40683 462026 SH SOLE 285974 0 176052 Expeditors Intl Wash Inc COMMON 302130109 18853 418016 SH SOLE 258792 0 159224 Flir Systems Inc COMMON 302445101 47917 1707182 SH SOLE 1065769 0 641413 Franklin Resources COMMON 354613101 43093 1165301 SH SOLE 721352 0 443949 Fresenius Medical Care AG&CO KGA Spon ADR COMMON 358029106 30251 719924 SH SOLE 333555 0 386369 Genpact Ltd COMMON G3922B107 16892 676196 SH SOLE 503824 0 172372 Harley Davidson Inc COMMON 412822108 58296 1284448 SH SOLE 797684 0 486764 Hartford Financial SVCS GRP COMMON 416515104 22743 523315 SH SOLE 323927 0 199388 Intel Corp COMMON 458140100 88307 2563476 SH SOLE 1596259 0 967217 Johnson and Johnson COMMON 478160104 212041 2064369 SH SOLE 1283407 0 780962 JP Morgan Chase & Co COMMON 46625H100 31195 472454 SH SOLE 294902 0 177552 Linear Technology Corp COMMON 535678106 119932 2823921 SH SOLE 1750848 0 1073073 Loews Corp COMMON 540424108 86511 2252900 SH SOLE 1407462 0 845438 Luxottica Group Spa COMMON 55068R202 129317 1993895 SH SOLE 1419441 0 574454 M & T Bank Corp COMMON 55261F104 43881 362085 SH SOLE 225752 0 136333 McDonalds Corp COMMON 580135101 110857 938355 SH SOLE 584948 0 353407 Mead Johnson Nutrition Co. COMMON 582839106 33844 426689 SH SOLE 264121 0 162568 Merck & Co Inc COMMON 58933Y105 48987 920187 SH SOLE 575523 0 344664 Microsoft Corp COMMON 594918104 70790 1276088 SH SOLE 796523 0 479565 Mindray Medical Int Spon ADR COMMON 602675100 21026 775356 SH SOLE 564382 0 210974 Monsanto Co COMMON 61166W101 43212 438611 SH SOLE 274326 0 164285 MSC Industrial Direct Co Inc A COMMON 553530106 24184 429781 SH SOLE 268374 0 161407 National Oilwell Varco COMMON 637071101 24394 728390 SH SOLE 455566 0 272824 Omnicom Group COMMON 681919106 102794 1350752 SH SOLE 838256 0 512496 Oracle Corp COMMON 68389X105 100700 2756773 SH SOLE 1718112 0 1038661 Paychex Inc COMMON 704326107 29482 557476 SH SOLE 345208 0 212268 PayPal Holdings Inc. COMMON 70450Y103 44655 1233573 SH SOLE 770409 0 463164 Praxair Inc COMMON 74005P104 125830 1228871 SH SOLE 762119 0 466752 Procter & Gamble Co COMMON 742718109 164586 2072705 SH SOLE 1286036 0 786669 Sociedad Quimica y Minera de Chile S.A. spon ADR Ser B COMMON 833635105 1129 59399 SH SOLE 32959 0 26440 Rayonier Inc COMMON 754907103 36877 1660939 SH SOLE 897769 0 763170 Renaissancere Holding Ltd COMMON G7496G103 28381 250734 SH SOLE 155244 0 95490 Resmed Inc COMMON 761152107 15534 289346 SH SOLE 179155 0 110191 Rogers Communications Inc COMMON 775109200 58433 1685251 SH SOLE 1060268 0 624983 Superior Energy Services Inc COMMON 868157108 29392 2181754 SH SOLE 1362048 0 819706 T Rowe Price Group COMMON 74144T108 20167 282095 SH SOLE 174633 0 107462 Taiwan Semiconductor Manufacturing MFG Spon ADR COMMON 874039100 1957 86042 SH SOLE 0 0 86042 Texas Instruments Inc COMMON 882508104 80400 1466885 SH SOLE 905384 0 561501 The Hershey Company COMMON 427866108 106517 1193195 SH SOLE 741055 0 452140 Time Warner Inc COMMON 887317303 61193 946287 SH SOLE 587949 0 358338 Towers Watson & Co COMMON 891894107 16240 126422 SH SOLE 78265 0 48157 The Travelers Cos Inc COMMON 89417E109 122471 1085189 SH SOLE 671653 0 413536 Union Pacific Corp COMMON 907818108 34661 443252 SH SOLE 274370 0 168882 United Technologies Corp COMMON 913017109 36057 375357 SH SOLE 258885 0 116472 US Bancorp Del COMMON 902973304 143480 3344904 SH SOLE 2076490 0 1268414 Varian Medical Systems Inc COMMON 92220P105 31139 385383 SH SOLE 238546 0 146837 Waters Corp COMMON 941848103 56664 421028 SH SOLE 260592 0 160436 Wells Fargo & Co COMMON 949746101 114673 2109717 SH SOLE 1311246 0 798471 WMIH Corp COMMON 92936P100 2 582 SH SOLE 408 0 174 Xilinx Inc COMMON 983919101 39370 838205 SH SOLE 515994 0 322211