0001040592-16-000012.txt : 20160714 0001040592-16-000012.hdr.sgml : 20160714 20160714113849 ACCESSION NUMBER: 0001040592-16-000012 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160630 FILED AS OF DATE: 20160714 DATE AS OF CHANGE: 20160714 EFFECTIVENESS DATE: 20160714 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: 161766965 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 true false 0001040592 XXXXXXXX 06-30-2016 06-30-2016 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 07-14-2016 0 101 4714998 INFORMATION TABLE 2 infotable.xml 3M Co COMMON 88579Y101 65596 373578 SH SOLE 187433 0 186145 Abbott Laboratories COMMON 2824100 48432 1232158 SH SOLE 783207 0 448951 Accenture Plc COMMON G1151C101 59784 527157 SH SOLE 334870 0 192287 Chubb Limited COMMON H1467J104 69826 531685 SH SOLE 337736 0 193949 Aflac Inc COMMON 1055102 73598 1019958 SH SOLE 653183 0 366775 Alleghany Corp COMMON 17175100 81379 148097 SH SOLE 94829 0 53268 Alphabet Inc. - Class A COMMON 02079K305 36583 52006 SH SOLE 33319 0 18687 Alphabet Inc. - Class C COMMON 02079K107 33972 49085 SH SOLE 31405 0 17680 Amazon.com Inc COMMON 23135106 12758 17838 SH SOLE 11403 0 19235 America Movil SAB de CV COMMON 02364W105 6479 528497 SH SOLE 340918 0 187579 American Express Co COMMON 25816109 39048 639960 SH SOLE 409639 0 230321 American International Group Inc COMMON 26874784 7130 134814 SH SOLE 86165 0 48649 Analog Devices Inc COMMON 32654105 56319 994327 SH SOLE 631602 0 362725 Atwood Oceanics Inc COMMON 50095108 6575 525242 SH SOLE 336858 0 188384 Automatic Data Processing COMMON 53015103 32994 357770 SH SOLE 227148 0 130622 Autozone Inc COMMON 53332102 32486 40935 SH SOLE 25994 0 14941 Axalta Coating Systems Ltd COMMON G0750C108 22302 840761 SH SOLE 538619 0 302142 Baidu Inc - Spon ADR COMMON 56752108 71560 433303 SH SOLE 344226 0 89077 Bancolombia Sa -Pref COMMON 05968L102 16048 459568 SH SOLE 296585 0 162983 Baxter International Inc COMMON 71813109 41037 905242 SH SOLE 579757 0 325485 Berkshire Hathaway Inc COMMON 84670702 62350 429540 SH SOLE 214951 0 214589 Brookfield Asset Management Inc - CL A COMMON 112585104 37879 1150814 SH SOLE 738277 0 412537 Brookfield Business Partners Units COMMON G16234109 28 1473 SH SOLE 1473 0 0 Canadian Natural Resources Ltd COMMON 136385101 89075 2886608 SH SOLE 1870674 0 1015934 Carmax Inc COMMON 143130102 24136 492312 SH SOLE 315058 0 177254 Compania Cervecerias Unidas Spon ADR COMMON 204429104 691 29618 SH SOLE 0 0 29618 Compania De Minas Buenaventu Spon ADR COMMON 204448104 10668 892816 SH SOLE 575700 0 317116 Clean Harbors Inc COMMON 184496107 35667 684428 SH SOLE 438386 0 246042 Coca Cola Co COMMON 191216100 121723 2667137 SH SOLE 1703074 0 964063 Colgate Palmolive Co COMMON 194162103 164484 2247152 SH SOLE 1430150 0 817002 Costco Wholesale Corp COMMON 22160K105 36723 233847 SH SOLE 149756 0 84091 Dolby Laboratories Inc-CL A COMMON 25659T107 13410 280247 SH SOLE 179191 0 101056 Ebay Inc COMMON 278642103 28842 1232046 SH SOLE 788674 0 443372 Emerson Electric Co COMMON 291011104 40483 776191 SH SOLE 492674 0 283517 Endurance Speciality Holdings COMMON G30397106 27541 410116 SH SOLE 260530 0 149586 EOG Resources Inc COMMON 26875P101 3468 41580 SH SOLE 26548 0 15032 Estee Lauder Companies Class A COMMON 518439104 43976 483146 SH SOLE 306920 0 176226 Expeditors Intl Wash Inc COMMON 302130109 21277 433887 SH SOLE 275441 0 158446 Fastenal Co COMMON 311900104 8597 193688 SH SOLE 123816 0 69872 First Republic Bank COMMON 33616C100 14193 202798 SH SOLE 129663 0 73135 Flir Systems Inc COMMON 302445101 44244 1429521 SH SOLE 915351 0 514170 Franklin Resources Inc COMMON 354613101 40826 1217436 SH SOLE 773349 0 444087 Fresenius Medical Care Ag And Co. Kgaa COMMON 358029106 31351 716654 SH SOLE 330502 0 386152 Genpact Ltd COMMON G3922B107 11321 421820 SH SOLE 337521 0 84299 Goldman Sachs Group Inc COMMON 38141G104 3137 21115 SH SOLE 13493 0 7622 Harley Davidson Inc COMMON 412822108 66921 1477217 SH SOLE 941121 0 536096 Hartford Financial SVCS Group COMMON 416515104 24714 554560 SH SOLE 352306 0 202254 Intel Corp COMMON 458140100 75234 2293723 SH SOLE 1464707 0 829016 Johnson and Johnson COMMON 478160104 264759 2182740 SH SOLE 1390657 0 792083 JP Morgan Chase & Co COMMON 46625H100 24763 398477 SH SOLE 255258 0 143219 Kraft Heinz Co. COMMON 500754106 5232 58796 SH SOLE 37586 0 21210 Lincoln Electric Holdings Inc COMMON 533900106 4874 82100 SH SOLE 52468 0 29632 Linear Technology Corp COMMON 535678106 140398 3017472 SH SOLE 1919957 0 1097515 Loews Corp COMMON 540424108 87593 2131820 SH SOLE 1364836 0 766984 Luxottica Group Spa COMMON 55068R202 96935 1983885 SH SOLE 1414810 0 569075 M & T Bank Corp COMMON 55261F104 46838 396163 SH SOLE 252923 0 143240 Markel Corp COMMON 570535104 16741 17576 SH SOLE 11239 0 6337 Martin Marietta Materials Inc COMMON 573284106 9813 51108 SH SOLE 32669 0 18439 McDonalds Corp COMMON 580135101 74600 619932 SH SOLE 396065 0 223867 Mead Johnson Nutrition Co. COMMON 582839106 47391 520082 SH SOLE 330633 0 189449 Merck & Co Inc COMMON 58933Y105 44970 775014 SH SOLE 496303 0 278711 Microsoft Corp COMMON 594918104 35549 694718 SH SOLE 444805 0 249913 Monsanto Co COMMON 61166W101 49794 481456 SH SOLE 308198 0 173258 MSC Industrial Direct Co A COMMON 553530106 25416 360217 SH SOLE 230662 0 129555 National Oilwell Varco Inc COMMON 637071101 26525 788315 SH SOLE 504833 0 283482 Now Inc COMMON 67011P100 4751 261944 SH SOLE 167393 0 94551 Omnicom Group Inc COMMON 681919106 108591 1324559 SH SOLE 843379 0 481180 Oracle Corp COMMON 68389X105 114291 2792590 SH SOLE 1784709 0 1007881 Paccar Inc COMMON 693718108 8629 166373 SH SOLE 106365 0 60008 Paychex Inc COMMON 704326107 34533 580411 SH SOLE 368676 0 211735 PayPal Holdings Inc. COMMON 70450Y103 43998 1205100 SH SOLE 771439 0 433661 Pepsico Inc COMMON 713448108 12652 119429 SH SOLE 76353 0 43076 PPG Industries Inc COMMON 693506107 17943 172285 SH SOLE 110284 0 62001 Praxair Inc COMMON 74005P104 131138 1166849 SH SOLE 742744 0 424105 Procter & Gamble Co COMMON 742718109 173719 2051718 SH SOLE 1305765 0 745953 Sociedad Quimica y Minera de Chile -SP ADR COMMON 833635105 1318 53331 SH SOLE 33822 0 19509 Rayonier Inc COMMON 754907103 44700 1703342 SH SOLE 958965 0 744377 Renaissancere Holdings Ltd COMMON G7496G103 30685 261298 SH SOLE 165990 0 95308 Rogers Communications Inc COMMON 775109200 64007 1575936 SH SOLE 1021234 0 554702 Superior Energy Services Inc COMMON 868157108 33437 1816441 SH SOLE 1162843 0 653598 Price T Rowe Group Inc COMMON 74144T108 21358 292714 SH SOLE 185834 0 106880 Taiwan Semiconductor Manufacturing Co Ltd COMMON 874039100 2195 81385 SH SOLE 0 0 81385 TD Ameritrade Holding Corp COMMON 87236Y108 6003 210819 SH SOLE 134708 0 76111 Texas Instruments Inc COMMON 882508104 96788 1544948 SH SOLE 981377 0 563571 The Hershey Company COMMON 427866108 131336 1157339 SH SOLE 737250 0 420089 Time Warner Inc COMMON 887317303 66356 902360 SH SOLE 575155 0 327205 TJX Companies Inc COMMON 872540109 6396 82816 SH SOLE 52926 0 29890 Travelers Companies Inc COMMON 89417E109 135507 1138351 SH SOLE 723070 0 415281 TRIPADVISOR INC COMMON 896945201 8304 129144 SH SOLE 82644 0 46500 Union Pacific Corp Inc COMMON 907818108 40616 465498 SH SOLE 295721 0 169777 United Parcel Services Cl B COMMON 911312106 10969 101823 SH SOLE 65084 0 36739 United Technologies Corp COMMON 913017109 39577 385922 SH SOLE 270576 0 115346 US Bancorp COMMON 902973304 129352 3189147 SH SOLE 2030598 0 1158549 Varian Medical Systems Inc COMMON 92220P105 33204 403823 SH SOLE 256522 0 147301 Waters Corp COMMON 941848103 68942 490168 SH SOLE 311180 0 178988 Wells Fargo & Co COMMON 949746101 96455 2037774 SH SOLE 1298678 0 739096 Weyerhaeuser Co COMMON 962166104 17887 600970 SH SOLE 339044 0 261926 Williams-Sonoma Inc COMMON 969904101 16616 318737 SH SOLE 204184 0 114553 WMI Holdings Corp COMMON 92936P100 1 563 SH SOLE 408 0 155 Wolverine World Wide Inc COMMON 978097103 14519 712644 SH SOLE 456531 0 256113 Xilinx Inc COMMON 983919101 49169 1065914 SH SOLE 677859 0 388055