Chief Compliance Officer

0001040592-16-000013.txt : 20161031 0001040592-16-000013.hdr.sgml : 20161031 20161031105122 ACCESSION NUMBER: 0001040592-16-000013 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161031 DATE AS OF CHANGE: 20161031 EFFECTIVENESS DATE: 20161031 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: 161960457 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 09-30-2016 09-30-2016 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 Chief Compliance Officer 00442074972211 James Bennett London X0 10-31-2016 0 104 4658062 INFORMATION TABLE 2 infotable.xml 3M Co COMMON 88579Y101 63256 358698 SH SOLE 185838 0 172860 Abbott Laboratories COMMON 2824100 37378 883897 SH SOLE 580402 0 303495 Accenture Plc COMMON G1151C101 61941 506580 SH SOLE 333059 0 173521 Aflac Inc COMMON 1055102 69583 968174 SH SOLE 637129 0 331045 Alleghany Corp COMMON 17175100 73804 140577 SH SOLE 92497 0 48080 Alphabet Inc. - Class A COMMON 02079K305 64488 80204 SH SOLE 52751 0 27453 Alphabet Inc. - Class C COMMON 02079K107 36216 46598 SH SOLE 30632 0 15966 Amazon.com Inc COMMON 23135106 15320 19047 SH SOLE 12384 0 6663 America Movil SAB de CV COMMON 02364W105 6762 591089 SH SOLE 395275 0 195814 American Express Co COMMON 25816109 38896 607390 SH SOLE 399563 0 207827 American International Corp Inc COMMON 26874784 7589 127902 SH SOLE 84032 0 43870 Analog Devices Inc COMMON 32654105 38031 590106 SH SOLE 387530 0 202576 Archer-Daniels-Midland Co COMMON 39483102 46199 1095594 SH SOLE 720977 0 374617 Automatic Data Processing COMMON 53015103 30493 343758 SH SOLE 225874 0 117884 Autozone Inc COMMON 53332102 30226 39339 SH SOLE 25856 0 13483 Axalta Coating Systems Ltd COMMON G0750C108 22563 798164 SH SOLE 525374 0 272790 Baidu Inc - Spon ADR COMMON 56752108 82380 452466 SH SOLE 361657 0 90809 Bancolombia Sa -Pref COMMON 05968L102 20270 515201 SH SOLE 344556 0 170645 Baxter International Inc COMMON 71813109 41005 859291 SH SOLE 565508 0 293783 Berkshire Hathaway Inc COMMON 84670702 58956 407756 SH SOLE 208186 0 199570 Brookfield Asset Management Inc COMMON 112585104 84420 2404829 SH SOLE 1604919 0 799910 Bunge Ltd COMMON G16962105 35037 591574 SH SOLE 389297 0 202277 C H Robinson Worldwide Inc COMMON 12541W209 33346 473275 SH SOLE 310737 0 162538 Canadian Natural Resources Ltd COMMON 136385101 113885 3549651 SH SOLE 2369701 0 1179950 Carmax Inc COMMON 143130102 24926 467240 SH SOLE 307306 0 159934 Chubb Ltd COMMON H1467J104 64529 510930 SH SOLE 335908 0 175022 Clean Harbors Inc COMMON 184496107 31169 649692 SH SOLE 427612 0 222080 Coca Cola Co COMMON 191216100 108450 2542597 SH SOLE 1672518 0 870079 Colgate Palmolive Co COMMON 194162103 116795 1575438 SH SOLE 1036473 0 538965 Compania Cervecerias Unidas COMMON 204429104 598 29618 SH SOLE 0 0 29618 Compania De Minas Buenaventura COMMON 204448104 13813 998046 SH SOLE 667122 0 330924 Costco Wholesale Corp COMMON 22160K105 33854 221978 SH SOLE 146076 0 75902 Dolby Laboratories Inc-CL A COMMON 25659T107 14444 266075 SH SOLE 174769 0 91306 Ebay Inc COMMON 278642103 38470 1169378 SH SOLE 769278 0 400100 Emerson Electric Co COMMON 291011104 33975 623297 SH SOLE 409236 0 214061 Endurance Speciality Holdings COMMON G30397106 25792 394106 SH SOLE 259119 0 134987 EOG Resources Inc COMMON 26875P101 3815 39452 SH SOLE 25951 0 13501 Expeditors Intl Wash Inc COMMON 302130109 21484 417016 SH SOLE 274019 0 142997 Fastenal Co COMMON 311900104 8262 197758 SH SOLE 129865 0 67893 First Republic Bank/CA COMMON 33616C100 14846 192542 SH SOLE 126463 0 66079 Flir Systems Inc COMMON 302445101 42632 1356921 SH SOLE 892853 0 464068 Franklin Resources Inc COMMON 354613101 41810 1169915 SH SOLE 769163 0 400752 Fresenius Medical Care Ag And Co. Kgaa COMMON 358029106 29361 668200 SH SOLE 303209 0 364991 Genpact Ltd COMMON G3922B107 10276 429078 SH SOLE 348573 0 80505 Globus Medical Inc A COMMON 379577208 5882 260613 SH SOLE 171209 0 89404 Goldman Sachs Group Inc COMMON 38141G104 3231 20035 SH SOLE 13189 0 6846 Harley Davidson Inc COMMON 412822108 77596 1475542 SH SOLE 969371 0 506171 Hartford Financial SVCS Group Inc COMMON 416515104 29274 680534 SH SOLE 446904 0 233630 Hershey Company COMMON 427866108 85628 895687 SH SOLE 588773 0 306914 Intel Corp COMMON 458140100 82519 2186147 SH SOLE 1437945 0 748202 IPG Photonics Corp COMMON 44980X109 15884 192894 SH SOLE 126688 0 66206 Johnson and Johnson COMMON 478160104 203837 1725583 SH SOLE 1133863 0 591720 Kraft Heinz Co. COMMON 500754106 5023 55766 SH SOLE 36656 0 19110 Lauder Estee Companies Inc COMMON 518439104 41117 464288 SH SOLE 305259 0 159029 Lincoln Electric Holdings Inc COMMON 533900106 4894 77786 SH SOLE 51169 0 26617 Linear Technology Corp COMMON 535678106 142939 2410915 SH SOLE 1584877 0 826038 Loews Corp COMMON 540424108 83265 2023616 SH SOLE 1331278 0 692338 Luxottica Group Spa COMMON 55068R202 91489 1911388 SH SOLE 1366764 0 544624 M & T Bank Corp COMMON 55261F104 25438 219114 SH SOLE 144001 0 75113 Markel Corp COMMON 570535104 13599 14644 SH SOLE 9611 0 5033 Martin Marietta Materials Inc COMMON 573284106 8691 48522 SH SOLE 31860 0 16662 McDonalds Corp COMMON 580135101 68118 590490 SH SOLE 388456 0 202034 Mead Johnson Nutrition Co. COMMON 582839106 48989 617303 SH SOLE 405742 0 211561 Merck & Co Inc COMMON 58933Y105 46230 735665 SH SOLE 484107 0 251558 Monsanto Co COMMON 61166W101 25262 247174 SH SOLE 162448 0 84726 MSC Industrial Direct Inc COMMON 553530106 25099 341923 SH SOLE 224994 0 116929 National Oilwell Varco Inc COMMON 637071101 37273 1014662 SH SOLE 667062 0 347600 Now Inc/DE-W/I COMMON 67011P100 5323 248432 SH SOLE 163243 0 85189 Omnicom Corp Inc COMMON 681919106 108469 1268401 SH SOLE 834141 0 434260 Oracle Corp COMMON 68389X105 104393 2657782 SH SOLE 1748027 0 909755 Paccar Inc COMMON 693718108 9284 157956 SH SOLE 103733 0 54223 Paychex Inc COMMON 704326107 32276 557753 SH SOLE 366680 0 191073 PayPal Holdings Inc. COMMON 70450Y103 46860 1143813 SH SOLE 752470 0 391343 Pepsico Inc COMMON 713448108 12333 113387 SH SOLE 74468 0 38919 PPG Industries Inc COMMON 693506107 16902 163532 SH SOLE 107575 0 55957 Praxair Inc COMMON 74005P104 128084 1060080 SH SOLE 696581 0 363499 Price T Rowe Group Inc COMMON 74144T108 18710 281346 SH SOLE 184891 0 96455 Priceline Group Inc COMMON 741503403 49249 33469 SH SOLE 22002 0 11467 Procter & Gamble Co COMMON 742718109 155722 1735808 SH SOLE 1140349 0 595459 Rayonier Inc COMMON 754907103 42377 1596583 SH SOLE 931286 0 665297 Renaissancere Holding Ltd COMMON G7496G103 30170 251099 SH SOLE 165090 0 86009 Ritchie Bros Auctioneers COMMON 767744105 26824 766933 SH SOLE 511749 0 255184 Rogers Communications Inc COMMON 775109200 82609 1937459 SH SOLE 1293358 0 644101 Sociedad Quimica y Minera de Chile COMMON 833635105 1691 62851 SH SOLE 41667 0 21184 Superior Energy Services Inc COMMON 868157108 20140 1125132 SH SOLE 739888 0 385244 Taiwan Semiconductor Manufacturing Co Ltd COMMON 874039100 2065 67495 SH SOLE 0 0 67495 TD Ameritrade Holding Corp COMMON 87236Y108 7046 199945 SH SOLE 131369 0 68576 Texas Instruments Inc COMMON 882508104 104188 1484652 SH SOLE 976065 0 508587 Time Warner Inc COMMON 887317303 68697 862862 SH SOLE 567559 0 295303 TJX Companies Inc COMMON 872540109 5873 78545 SH SOLE 51615 0 26930 Travelers Cos Inc COMMON 89417E109 102853 897870 SH SOLE 589514 0 308356 TRIPADVISOR INC COMMON 896945201 8154 129066 SH SOLE 84654 0 44412 Union Pacific Corp COMMON 907818108 47017 482087 SH SOLE 316586 0 165501 United Parcel Services Inc COMMON 911312106 10572 96669 SH SOLE 63476 0 33193 United Technologies Corp COMMON 913017109 37673 370808 SH SOLE 263967 0 106841 US Bancorp COMMON 902973304 119412 2767307 SH SOLE 1818207 0 949100 Varian Medical Systems Inc COMMON 92220P105 38628 388114 SH SOLE 255193 0 132921 Waters Corp COMMON 941848103 74649 471046 SH SOLE 309508 0 161538 Wells Fargo & Co COMMON 949746101 72587 1639269 SH SOLE 1077196 0 562073 Weyerhaeuser Co COMMON 962166104 17993 563376 SH SOLE 329227 0 234149 Williams-Sonoma Inc COMMON 969904101 15456 302583 SH SOLE 199167 0 103416 WMI Holdings Corp COMMON 92936P100 1 563 SH SOLE 408 0 155 Wolverine World Wide Inc COMMON 978097103 15617 676551 SH SOLE 445307 0 231244 Xilinx Inc COMMON 983919101 55543 1022176 SH SOLE 672044 0 350132