0001040592-16-000011.txt : 20160420 0001040592-16-000011.hdr.sgml : 20160420 20160420130241 ACCESSION NUMBER: 0001040592-16-000011 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160420 DATE AS OF CHANGE: 20160420 EFFECTIVENESS DATE: 20160420 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: 161580907 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 03-31-2016 03-31-2016 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 00442074972211 James Bennett London X0 04-20-2016 0 100 4554566 INFORMATION TABLE 2 infotable.xml 3M Co COMMON 88579Y101 61051 366385 SH SOLE 229375 0 137010 Abbot Laboratories COMMON 2824100 50552 1208558 SH SOLE 756754 0 451804 Accenture Plc COMMON G1151C101 59721 517063 SH SOLE 323554 0 193509 Chubb Limited COMMON H1467J104 62460 521508 SH SOLE 326326 0 195182 Aflac Inc COMMON 1055102 63231 1001438 SH SOLE 632240 0 369198 Alleghany Corp COMMON 17175100 72141 145452 SH SOLE 91832 0 53620 Alphabet Inc. - Class A COMMON 02079K305 38915 51014 SH SOLE 32203 0 18811 Alphabet Inc. - Class C COMMON 02079K107 35895 48188 SH SOLE 30390 0 17798 Amazon.com Inc COMMON 23135106 10397 17515 SH SOLE 11034 0 6481 America Movil SAB de CV COMMON 02364W105 9249 595527 SH SOLE 330403 0 265124 American Express Co COMMON 25816109 38583 628333 SH SOLE 396484 0 231849 American Intl Group Inc COMMON 26874784 7152 132305 SH SOLE 83331 0 48974 Analog Devices Inc COMMON 32654105 57724 975234 SH SOLE 610203 0 365031 Atwood Oceanics Inc COMMON 50095108 4728 515872 SH SOLE 326176 0 189696 Automatic Data Processing COMMON 53015103 23741 263255 SH SOLE 164714 0 98541 Autozone Inc COMMON 53332102 31979 40148 SH SOLE 25111 0 15037 Axalta Coating Sys Ltd COMMON G0750C108 24099 825408 SH SOLE 521303 0 304105 Baidu Inc - Spon ADR COMMON 56752108 85934 450200 SH SOLE 339800 0 110400 Bancolombia Sa -Pref COMMON 05968L102 17865 518244 SH SOLE 287382 0 230862 Baxter International Inc COMMON 71813109 36613 888791 SH SOLE 561155 0 327636 Berkshire Hathaway Inc COMMON 84670702 59836 421736 SH SOLE 266122 0 155614 Brookfield Asset Manage-CL A COMMON 112585104 38659 1106823 SH SOLE 694388 0 412435 Canadian Natural Resources COMMON 136385101 76707 2807392 SH SOLE 1780085 0 1027307 Carmax Inc COMMON 143130102 24698 483334 SH SOLE 304905 0 178429 Compania Cervecerias Unidas Spon ADR COMMON 204429104 665 29618 SH SOLE 0 0 29618 Compania de Minas Buenaventura Spon ADR COMMON 204448104 7396 1005035 SH SOLE 557872 0 447163 Clean Harbors Inc COMMON 184496107 33156 671970 SH SOLE 424302 0 247668 Coca Cola Co COMMON 191216100 122251 2617778 SH SOLE 1647432 0 970346 Colgate Palmolive Co COMMON 194162103 155763 2204651 SH SOLE 1382375 0 822276 Costco Wholesale Corp COMMON 22160K105 36185 229631 SH SOLE 144984 0 84647 Dolby Laboratories Inc COMMON 25659T107 11957 275128 SH SOLE 173340 0 101788 Ebay Inc COMMON 278642103 28860 1209643 SH SOLE 763336 0 446307 Emerson Electric Co COMMON 291011104 54246 997496 SH SOLE 623901 0 373595 Endurance Speciality Holdings COMMON G30397106 26281 402252 SH SOLE 251715 0 150537 EOG Resources Inc COMMON 26875P101 2967 40882 SH SOLE 25750 0 15132 Estee Lauder Companies Class A COMMON 518439104 44687 473854 SH SOLE 296508 0 177346 Expeditors Intl Wash Inc COMMON 302130109 20768 425514 SH SOLE 266134 0 159380 Fastenal Co COMMON 311900104 9311 190029 SH SOLE 119690 0 70339 First Republic Bank COMMON 33616C100 13265 199111 SH SOLE 125447 0 73664 Flir Systems Inc COMMON 302445101 46242 1403568 SH SOLE 886002 0 517566 Franklin Resources COMMON 354613101 46820 1194081 SH SOLE 747172 0 446909 Fresenius Medical Care Ag And Co. Kgaa COMMON 358029106 31781 718043 SH SOLE 331891 0 386152 Genpact Ltd COMMON G3922B107 12053 443281 SH SOLE 333704 0 109577 Goldman Sachs Group Inc COMMON 38141G104 3255 20732 SH SOLE 13059 0 7673 Harley Davidson Inc COMMON 412822108 74398 1449401 SH SOLE 909836 0 539565 Hartford Financial SVCS GRP COMMON 416515104 25163 543824 SH SOLE 340329 0 203495 Intel Corp COMMON 458140100 72824 2251245 SH SOLE 1416821 0 834424 Johnson and Johnson COMMON 478160104 231714 2141639 SH SOLE 1344441 0 797198 JP Morgan Chase & Co COMMON 46625H100 23169 391230 SH SOLE 247064 0 144166 Kraft Heinz Co. COMMON 500754106 4562 57686 SH SOLE 36334 0 21352 Lincoln Electric Holdings Inc COMMON 533900106 4743 80589 SH SOLE 50759 0 29830 Linear Technology Corp COMMON 535678106 131897 2960237 SH SOLE 1855677 0 1104560 Loews Corp COMMON 540424108 80080 2093052 SH SOLE 1320994 0 772058 Luxottica Group Spa COMMON 55068R202 109503 1990868 SH SOLE 1418718 0 572150 M & T Bank Corp COMMON 55261F104 43155 388776 SH SOLE 244604 0 144172 Markel Corp COMMON 570535104 15385 17256 SH SOLE 10874 0 6382 Martin Marietta Materials Inc COMMON 573284106 7998 50145 SH SOLE 31583 0 18562 McDonalds Corp COMMON 580135101 76495 608488 SH SOLE 383156 0 225332 Mead Johnson Nutrition Co. COMMON 582839106 43539 510176 SH SOLE 319513 0 190663 Merck & Co Inc COMMON 58933Y105 40573 760902 SH SOLE 480351 0 280551 Microsoft Corp COMMON 594918104 37670 682088 SH SOLE 430525 0 251563 Monsanto Co COMMON 61166W101 41471 472660 SH SOLE 298255 0 174405 MSC Industrial Direct Co A COMMON 553530106 26983 353630 SH SOLE 223220 0 130410 National Oilwell Varco COMMON 637071101 24067 773871 SH SOLE 488571 0 285300 Now Inc COMMON 67011P100 4556 257145 SH SOLE 161962 0 95183 Omnicom Group COMMON 681919106 108742 1299543 SH SOLE 815269 0 484274 Oracle Corp COMMON 68389X105 112144 2741227 SH SOLE 1726744 0 1014483 Paccar Inc COMMON 693718108 8925 163202 SH SOLE 102793 0 60409 Paychex Inc COMMON 704326107 30743 569247 SH SOLE 356167 0 213080 PayPal Holdings Inc. COMMON 70450Y103 45670 1183164 SH SOLE 746634 0 436530 Pepsico Inc COMMON 713448108 12019 117276 SH SOLE 73888 0 43388 PPG Industries Inc COMMON 693506107 18853 169113 SH SOLE 106716 0 62397 Praxair Inc COMMON 74005P104 137247 1199225 SH SOLE 752106 0 447119 Procter & Gamble COMMON 742718109 165672 2012776 SH SOLE 1262038 0 750738 Sociedad Quimica y Minera de Chile S.A. Spon ADR COMMON 833635105 1228 59754 SH SOLE 32871 0 26883 Rayonier Inc COMMON 754907103 40915 1657674 SH SOLE 913297 0 744377 Renaissancere Holding Ltd COMMON G7496G103 30704 256243 SH SOLE 160330 0 95913 Rogers Communications Inc COMMON 775109200 62111 1532643 SH SOLE 971734 0 560909 Superior Energy Services COMMON 868157108 23877 1783450 SH SOLE 1125539 0 657911 T Rowe Price Group COMMON 74144T108 21086 287036 SH SOLE 179526 0 107510 Taiwan Seminconductor Manufacturing MFG Spon ADR COMMON 874039100 2132 81385 SH SOLE 0 0 81385 TD Ameritrade Holding Corp COMMON 87236Y108 6527 206997 SH SOLE 130377 0 76620 Texas Instruments Inc COMMON 882508104 87002 1515236 SH SOLE 948082 0 567154 The Hershey Company COMMON 427866108 104567 1135532 SH SOLE 712715 0 422817 Time Warner Inc COMMON 887317303 64236 885407 SH SOLE 556089 0 329318 TJX Companies Inc COMMON 872540109 6369 81293 SH SOLE 51203 0 30090 The Travelers Cos Inc COMMON 89417E109 130313 1116536 SH SOLE 698615 0 417921 TRIPADVISOR INC COMMON 896945201 8426 126700 SH SOLE 79900 0 46800 Union Pacific Corp COMMON 907818108 36315 456527 SH SOLE 285671 0 170856 United Parcel Services Cl B COMMON 911312106 10544 99972 SH SOLE 62967 0 37005 United Technologies Corp COMMON 913017109 37857 378187 SH SOLE 261856 0 116331 US Bancorp Del COMMON 902973304 133954 3281952 SH SOLE 2059184 0 1222768 Varian Medical Systems Inc COMMON 92220P105 31692 396072 SH SOLE 247835 0 148237 Waters Corp COMMON 941848103 57186 433540 SH SOLE 271287 0 162253 Wells Fargo & Co COMMON 949746101 99965 2067178 SH SOLE 1298577 0 768601 Weyerhaeuser Co COMMON 962166104 18118 584815 SH SOLE 322889 0 261926 Williams-Sonoma Inc COMMON 969904101 17127 312898 SH SOLE 197649 0 115249 WMIH Corp COMMON 92936P100 1 582 SH SOLE 408 0 174 Wolverine World Wide Inc COMMON 978097103 12924 699687 SH SOLE 441834 0 257853 Xilinx Inc COMMON 983919101 49591 1045555 SH SOLE 655015 0 390540