0001040592-21-000005.txt : 20210426 0001040592-21-000005.hdr.sgml : 20210426 20210426120855 ACCESSION NUMBER: 0001040592-21-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210426 DATE AS OF CHANGE: 20210426 EFFECTIVENESS DATE: 20210426 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: 21852784 BUSINESS ADDRESS: STREET 1: ORION HOUSE STREET 2: 5 UPPER ST MARTIN'S LANE CITY: LONDON STATE: X0 ZIP: WC2H 9EA BUSINESS PHONE: 00442074972211 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 03-31-2021 03-31-2021 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 442074972211 James Bennett London X0 04-26-2021 0 104 7185080 INFORMATION TABLE 2 infotable.xml Abiomed Inc COMMON 003654100 31509 98859 SH SOLE 96485 0 2374 Alleghany Corp COMMON 017175100 38014 60680 SH SOLE 59167 0 1513 American Express Co COMMON 025816109 110083 775980 SH SOLE 757077 0 18903 Analog Devices Inc COMMON 032654105 64562 416312 SH SOLE 406774 0 9538 Applied Materials Inc COMMON 038222105 54058 404624 SH SOLE 394552 0 10072 Archer-Daniels-Midland Co. COMMON 039483102 168496 2956078 SH SOLE 2883262 0 72816 Arista Networks Inc COMMON 040413106 29800 98713 SH SOLE 96334 0 2379 Automatic Data Processing COMMON 053015103 44477 234876 SH SOLE 229480 0 5396 Autozone Inc COMMON 053332102 134954 96097 SH SOLE 93832 0 2265 Baidu Inc - Spon ADR COMMON 056752108 192797 886225 SH SOLE 828352 0 57873 Bank of New York Mellon Corp COMMON 064058100 52002 1099645 SH SOLE 1074838 0 24807 Bank of Nova Scotia COMMON 064149107 27178 434479 SH SOLE 386356 0 48123 Barrick Gold Corp COMMON 067901108 114596 5787794 SH SOLE 2576560 0 3211234 Baxter International Inc COMMON 071813109 45980 543663 SH SOLE 530188 0 13475 Berkshire Hathaway Inc COMMON 084670702 82471 322806 SH SOLE 315619 0 7187 Brookfield Asset Management-CL A COMMON 112585104 144088 3238736 SH SOLE 3004292 0 234444 Canadian Natural Resources COMMON 136385101 48418 1548224 SH SOLE 1379516 0 168708 Carmax Inc COMMON 143130102 97538 735280 SH SOLE 717459 0 17821 Citigroup Inc COMMON 172967424 47720 655933 SH SOLE 641129 0 14804 Coca Cola Co COMMON 191216100 53465 1006645 SH SOLE 981568 0 25077 Colgate Palmolive Co COMMON 194162103 38190 484476 SH SOLE 473358 0 11118 Electronic Arts Inc COMMON 285512109 86987 642597 SH SOLE 627584 0 15013 Expeditors Intl Wash Inc COMMON 302130109 49485 459509 SH SOLE 448957 0 10552 FTI Consulting Inc COMMON 302941109 127436 909540 SH SOLE 887202 0 22338 Fastenal Co COMMON 311900104 60301 1199326 SH SOLE 1170467 0 28859 Fomento Economico Mexicano Spon ADR COMMON 344419106 59897 795137 SH SOLE 0 0 795137 Franco-Nevada Corp COMMON 351858105 31995 255338 SH SOLE 227069 0 28269 Gildan Activewear Inc COMMON 375916103 58115 1899328 SH SOLE 1807854 0 91474 Globus Medical Inc A COMMON 379577208 41094 666357 SH SOLE 650238 0 16119 Hartford Financial SVCS Group Inc COMMON 416515104 74687 1112616 SH SOLE 1087499 0 25117 Healthcare Services Group COMMON 421906108 47140 1681817 SH SOLE 1639963 0 41854 The Hershey Company COMMON 427866108 112841 713459 SH SOLE 696673 0 16786 Intel Corp COMMON 458140100 130151 2033614 SH SOLE 1984955 0 48659 Johnson and Johnson COMMON 478160104 251870 1532616 SH SOLE 1496221 0 36395 Kimberly-Clark Corp COMMON 494368103 63298 451678 SH SOLE 440863 0 10815 Loews Corp COMMON 540424108 50094 976875 SH SOLE 952662 0 24213 Magna International Inc COMMON 559222401 25914 294269 SH SOLE 262202 0 32067 Markel Corp COMMON 570535104 74787 65602 SH SOLE 64032 0 1570 Omnicom Group COMMON 681919106 11850 158373 SH SOLE 154361 0 4012 PPG Industries Inc COMMON 693506107 34180 227469 SH SOLE 221833 0 5636 Paccar Inc COMMON 693718108 35919 386581 SH SOLE 377296 0 9285 Paychex Inc COMMON 704326107 59771 609796 SH SOLE 595793 0 14003 Pepsico Inc COMMON 713448108 46994 332237 SH SOLE 324200 0 8037 Pricesmart Inc COMMON 741511109 23120 238971 SH SOLE 209810 0 29161 Procter & Gamble COMMON 742718109 72672 536572 SH SOLE 524258 0 12314 Progressive Corp COMMON 743315103 47482 496618 SH SOLE 484605 0 12013 Rayonier Inc COMMON 754907103 37176 1152712 SH SOLE 1135760 0 16952 Ritchie Bros Auctioneers COMMON 767744105 59340 1013598 SH SOLE 930223 0 83375 Rogers Communications Inc COMMON 775109200 15425 331790 SH SOLE 295196 0 36594 TJX Companies Inc COMMON 872540109 68122 1029815 SH SOLE 1005067 0 24748 Taiwan Semiconductor Manufacturing Co Ltd COMMON 874039100 13423 113148 SH SOLE 109737 0 3411 Tanger Factory Outlet Center COMMON 875465106 24716 1633554 SH SOLE 1609543 0 24011 Texas Instruments Inc COMMON 882508104 168853 893476 SH SOLE 872667 0 20809 US Bancorp COMMON 902973304 44398 796866 SH SOLE 778573 0 18293 Union Pacific Corp COMMON 907818108 59207 268620 SH SOLE 262467 0 6153 United Parcel Services Cl B COMMON 911312106 83754 492702 SH SOLE 480659 0 12043 Wabtec Corp COMMON 929740108 41020 518226 SH SOLE 505309 0 12917 Waters Corp COMMON 941848103 106081 373301 SH SOLE 364675 0 8626 Wells Fargo COMMON 949746101 177817 4551249 SH SOLE 4441247 0 110002 Weyerhaeuser Co COMMON 962166104 52305 1469326 SH SOLE 1447716 0 21610 Raytheon Technologies Corp COMMON 75513E101 21955 284138 SH SOLE 284138 0 0 Eventbrite Inc - Class A COMMON 29975E109 32739 1477414 SH SOLE 1442120 0 35294 Travelers Companies Inc COMMON 89417E109 141596 941460 SH SOLE 919474 0 21986 Activision Blizzard COMMON 00507V109 45386 488023 SH SOLE 476335 0 11688 Alphabet Inc - Class C COMMON 02079K107 139374 67375 SH SOLE 65745 0 1630 Alphabet Inc - Class A COMMON 02079K305 209570 101608 SH SOLE 99192 0 2416 Autohome Inc - Class A COMMON 05278C107 258 2761 SH SOLE 2761 0 0 Bce Inc COMMON 05534B760 18549 404986 SH SOLE 360855 0 44131 Bancolombia Sa -Pref COMMON 05968L102 21285 665413 SH SOLE 588971 0 76442 Booking Holdings Inc COMMON 09857L108 216983 93132 SH SOLE 90956 0 2176 C H Robinson Worldwide Inc COMMON 12541W209 89792 935541 SH SOLE 913513 0 22028 CME Group Inc COMMON 12572Q105 41542 203406 SH SOLE 198737 0 4669 Canadian Pacific Railway Ltd COMMON 13645T100 56617 147969 SH SOLE 131846 0 16123 Costco Wholesale Corp COMMON 22160K105 35387 100395 SH SOLE 97894 0 2501 Dolby Laboratories Inc-CL A COMMON 25659T107 48662 492901 SH SOLE 480977 0 11924 Facebook Inc A COMMON 30303M102 161591 548639 SH SOLE 535310 0 13329 First Republic Bank COMMON 33616C100 86962 521515 SH SOLE 508978 0 12537 Freeport-McMoran Inc COMMON 35671D857 23501 713683 SH SOLE 629782 0 83901 Grupo Televisa Sa-Spons Adr COMMON 40049J206 16196 1827984 SH SOLE 0 0 1827984 Huya Inc COMMON 44852D108 176 9038 SH SOLE 9038 0 0 Kar Auction Services Inc COMMON 48238T109 65029 4336056 SH SOLE 4228276 0 107780 KT Corp ADR COMMON 48268K101 17583 1413461 SH SOLE 0 0 1413461 M & T Bank Corp COMMON 55261F104 49415 325935 SH SOLE 318129 0 7806 Marketaxess Holdings COMMON 57060D108 34496 69281 SH SOLE 67621 0 1660 Maxim Integrated Products COMMON 57772K101 62718 686414 SH SOLE 670662 0 15752 Merck & Co Inc COMMON 58933Y105 165054 2123919 SH SOLE 2073193 0 50726 MOMO Inc ADR COMMON 60879B107 53 3598 SH SOLE 0 0 3598 National Oilwell Varco COMMON 62955J103 42010 3062166 SH SOLE 2985946 0 76220 Oracle Corp COMMON 68389X105 277582 3955843 SH SOLE 3861606 0 94237 Otis Worldwide Corp COMMON 68902V107 25734 375946 SH SOLE 371499 0 4447 PayPal Holdings Inc. COMMON 70450Y103 54860 225911 SH SOLE 220288 0 5623 3M Co COMMON 88579Y101 27751 144024 SH SOLE 140719 0 3305 Ctrip.com International ADR COMMON 89677Q107 25685 648128 SH SOLE 0 0 648128 Visteon Corp. COMMON 92839U206 32302 264880 SH SOLE 258287 0 6593 Yum China Holdings Inc COMMON 98850P109 130745 2208153 SH SOLE 2107348 0 100805 Aon Plc COMMON G0403H108 55307 240356 SH SOLE 234840 0 5516 Axalta Coating Systems Ltd COMMON G0750C108 29480 996669 SH SOLE 971964 0 24705 Bunge Ltd COMMON G16962105 110884 1398816 SH SOLE 1364049 0 34767 Coca-Cola European Partners COMMON G25839104 108473 2080222 SH SOLE 1902437 0 177785 Genpact Ltd COMMON G3922B107 75775 1769610 SH SOLE 1649631 0 119979 Linde PLC COMMON G5494J103 54210 193509 SH SOLE 188855 0 4654 Chubb Limited COMMON H1467J104 35787 225420 SH SOLE 220247 0 5173 TE Connectivity Ltd COMMON H84989104 45633 353445 SH SOLE 344647 0 8798 Inmode Ltd COMMON M5425M103 280 3871 SH SOLE 3871 0 0