UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
03-31-2024
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Marathon Asset Management Ltd
Address:
Orion House
5 Upper St. Martin's Lane
London, X0 WC2H 9EA
Form 13F File Number:
028-21396

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
James Bennett
Title:
Chief Risk and Compliance Officer
Phone:
442074972211


Signature, Place, and Date of Signing:

James Bennett
                         [Signature]
London, UNITED KINGDOM
                 [City, State]
05-14-2024
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
86
Form 13F Information table Value Total:
3746542570
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ALIGN TECHNOLOGY INCCOMMON01625510141,336,212126,061SHSOLE121,073 0 4,988
ANALOG DEVICES INCCOMMON03265410547,833,539241,842SHSOLE229,806 0 12,036
ARCHER DANIELS MIDLAND COCOMMON03948310219,408,600309,007SHSOLE295,268 0 13,739
AUTODESK INCCOMMON05276910653,668,744206,087SHSOLE197,251 0 8,836
AUTOZONE INCCOMMON05333210221,891,3196,946SHSOLE6,755 0 191
BAIDU INCCOMMON05675210855,755,957529,597SHSOLE 0 0 529,597
BANK NOVA SCOTIA HALIFAXCOMMON06414910758,505,7091,129,572SHSOLE763,673 0 365,899
BARRICK GOLD CORPCOMMON0679011084,631,801278,322SHSOLE268,408 0 9,914
BIO RAD LABS INCCOMMON09057220726,235,39175,857SHSOLE72,487 0 3,370
BROOKFIELD ASSET MANAGMT LTDCOMMON11300410521,310,366506,729SHSOLE342,897 0 163,832
CANADIAN NAT RES LTDCOMMON13638510195,533,7421,238,516SHSOLE831,373 0 407,143
CARMAX INCCOMMON14313010211,697,193134,282SHSOLE128,301 0 5,981
CEMEX SAB DE CVCOMMON15129088942,077,0144,670,054SHSOLE 0 0 4,670,054
COCA COLA CONS INCCOMMON19109810221,519,84025,428SHSOLE24,297 0 1,131
DOLLAR TREE INCCOMMON25674610832,299,660242,581SHSOLE231,814 0 10,767
ELECTRONIC ARTS INCCOMMON28551210942,905,367323,401SHSOLE310,929 0 12,472
FTI CONSULTING INCCOMMON30294110915,880,56775,514SHSOLE72,157 0 3,357
FASTENAL COCOMMON31190010440,386,416523,547SHSOLE501,233 0 22,314
FISERV INCCOMMON33773810889,701,001561,291SHSOLE539,310 0 21,981
FRANCO NEV CORPCOMMON35185810553,464,701448,244SHSOLE303,048 0 145,196
GILDAN ACTIVEWEAR INCCOMMON37591610343,178,1141,156,159SHSOLE782,054 0 374,105
HEALTHCARE SVCS GROUP INCCOMMON42190610822,657,0911,815,533SHSOLE1,734,864 0 80,669
INFOSYS LTDCOMMON45678810857,519,5123,208,004SHSOLE 0 0 3,208,004
JOHNSON & JOHNSONCOMMON47816010439,486,019249,612SHSOLE239,046 0 10,566
MAGNA INTL INCCOMMON55922240129,191,023535,115SHSOLE361,768 0 173,347
MARKEL GROUP INCCOMMON57053510464,668,03142,506SHSOLE40,820 0 1,686
MARSH & MCLENNAN COS INCCOMMON57174810219,519,78794,768SHSOLE92,161 0 2,607
MICROSOFT CORPCOMMON594918104148,437,715352,841SHSOLE337,503 0 15,338
MICRON TECHNOLOGY INCCOMMON59511210356,410,160478,078SHSOLE457,710 0 20,368
NEWMONT CORPCOMMON65163910621,433,361598,036SHSOLE571,474 0 26,562
PROGRESSIVE CORPCOMMON74331510348,375,674233,908SHSOLE223,886 0 10,022
ROGERS COMMUNICATIONS INCCOMMON77510920015,168,257366,559SHSOLE248,018 0 118,541
ROGERS CORPCOMMON77513310124,526,042206,649SHSOLE197,423 0 9,226
HENRY SCHEIN INCCOMMON80640710221,762,357288,170SHSOLE275,369 0 12,801
TJX COS INC NEWCOMMON87254010968,117,595671,658SHSOLE643,049 0 28,609
TAIWAN SEMICONDUCTOR MFG LTDCOMMON8740391007,371,67954,010SHSOLE54,010 0 0
TELEFLEX INCORPORATEDCOMMON87936910625,560,619113,021SHSOLE108,604 0 4,417
THERMO FISHER SCIENTIFIC INCCOMMON88355610267,095,819115,375SHSOLE110,887 0 4,488
UNITED PARCEL SERVICE INCCOMMON91131210620,868,098140,403SHSOLE134,432 0 5,971
VONTIER CORPORATIONCOMMON92888110125,429,579560,622SHSOLE535,697 0 24,925
WABTECCOMMON92974010820,184,811138,559SHSOLE132,402 0 6,157
WELLS FARGO CO NEWCOMMON94974610125,152,711433,973SHSOLE414,679 0 19,294
WEYERHAEUSER CO MTN BECOMMON96216610414,956,368416,502SHSOLE403,510 0 12,992
ADOBE INCCOMMON00724F10153,928,840106,877SHSOLE102,002 0 4,875
AIR LEASE CORPCOMMON00912X30220,601,809400,505SHSOLE382,624 0 17,881
ALPHABET INCCOMMON02079K10754,836,598360,159SHSOLE344,709 0 15,450
ALPHABET INCCOMMON02079K305101,800,099674,507SHSOLE649,078 0 25,429
BCE INCCOMMON05534B76015,619,824449,539SHSOLE304,117 0 145,422
BAKER HUGHES COMPANYCOMMON05722G10024,719,704737,920SHSOLE705,130 0 32,790
BOOKING HOLDINGS INCCOMMON09857L10858,943,13916,248SHSOLE15,592 0 656
BROOKFIELD CORPCOMMON11271J10785,120,7212,032,222SHSOLE1,375,145 0 657,077
C H ROBINSON WORLDWIDE INCCOMMON12541W20915,191,361198,035SHSOLE189,231 0 8,804
CME GROUP INCCOMMON12572Q10538,751,305179,999SHSOLE172,286 0 7,713
CABLE ONE INCCOMMON12685J10523,459,13655,450SHSOLE52,974 0 2,476
CANADIAN PACIFIC KANSAS CITYCOMMON13646K10872,536,588820,647SHSOLE555,181 0 265,466
CANNAE HLDGS INCCOMMON13765N10715,826,438711,647SHSOLE680,162 0 31,485
DONNELLEY FINL SOLUTIONS INCCOMMON25787G10017,899,276288,669SHSOLE275,833 0 12,836
ENVISTA HOLDINGS CORPORATIONCOMMON29415F10418,986,072888,047SHSOLE848,400 0 39,647
META PLATFORMS INCCOMMON30303M102112,216,115231,100SHSOLE222,034 0 9,066
FREEPORT-MCMORAN INCCOMMON35671D85723,961,454509,624SHSOLE482,416 0 27,208
HDFC BANK LTDCOMMON40415F101111,245,6361,987,594SHSOLE 0 0 1,987,594
IQVIA HLDGS INCCOMMON46266C10546,226,390182,799SHSOLE175,481 0 7,318
OPENLANE INCCOMMON48238T10935,706,2662,064,046SHSOLE1,972,283 0 91,763
MASTERCARD INCORPORATEDCOMMON57636Q10469,751,663144,849SHSOLE139,549 0 5,300
MERCK & CO INCCOMMON58933Y10552,508,357395,782SHSOLE378,946 0 16,836
NLIGHT INCCOMMON65487K10013,629,8371,048,550SHSOLE1,001,816 0 46,734
ORACLE CORPCOMMON68389X10550,522,436402,223SHSOLE386,009 0 16,214
PAYCOM SOFTWARE INCCOMMON70432V10253,704,480269,854SHSOLE259,209 0 10,645
S&P GLOBAL INCCOMMON78409V10456,687,053133,247SHSOLE127,987 0 5,260
SEALED AIR CORP NEWCOMMON81211K10026,087,951701,289SHSOLE670,124 0 31,165
SOUTHERN COPPER CORPCOMMON84265V10591,856,765862,345SHSOLE719,928 0 142,417
TERADATA CORP DELCOMMON88076W10320,067,349518,944SHSOLE495,998 0 22,946
TRANSUNIONCOMMON89400J10759,360,826743,870SHSOLE714,587 0 29,283
VIMEO INCCOMMON92719V1008,920,8282,181,354SHSOLE2,084,133 0 97,221
VIPSHOP HLDGS LTDCOMMON92763W10353,717,5903,170,250SHSOLE 0 0 3,170,250
VISA INCCOMMON92826C83953,163,259190,504SHSOLE182,933 0 7,571
YUM CHINA HLDGS INCCOMMON98850P10922,223,312558,515SHSOLE474,777 0 83,738
AXALTA COATING SYS LTDCOMMONG0750C10820,865,926606,744SHSOLE579,779 0 26,965
COCA-COLA EUROPACIFIC PARTNECOMMONG25839104102,675,7581,467,845SHSOLE1,283,132 0 184,713
LINDE PLCCOMMONG5495010332,829,00370,705SHSOLE67,671 0 3,034
MANCHESTER UTD PLC NEWCOMMONG5784H1067,373,269528,185SHSOLE506,349 0 21,836
ROYALTY PHARMA PLCCOMMONG7709Q10424,065,401792,407SHSOLE757,229 0 35,178
INMODE LTDCOMMONM5425M1032,504,037115,874SHSOLE115,874 0 0
CNH INDL N VCOMMONN20944109215,015,36716,590,713SHSOLE16,212,333 0 378,380
LYONDELLBASELL INDUSTRIES NCOMMONN5374510030,202,351295,303SHSOLE287,111 0 8,192
COPA HOLDINGS SACOMMONP3107610548,119,420461,976SHSOLE424,546 0 37,430