0001040592-13-000007.txt : 20130410 0001040592-13-000007.hdr.sgml : 20130410 20130410104053 ACCESSION NUMBER: 0001040592-13-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130410 DATE AS OF CHANGE: 20130410 EFFECTIVENESS DATE: 20130410 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: 13752698 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 holdings.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended : 31 March, 2013 Check here if Amendment []; Amendment number: 1 This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Marathon Asset Management LLP Address: Orion House 5 Upper St. Martins Lane London WC2H 9EA United Kingdom 13F File Number: 28-6422 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorised 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: Simon Davies Title: Compliance Officer Phone: (00) 44 (0)20 7497 2211 Signature, Place and Date of Signing: Simon Davies London, United Kingdom April 10, 2013 Report Type (Check only one.): [X] 13F HOLDINGS REPORT [ ] 13F NOTICE [ ] 13F COMBINATION REPORT List of Other Managers Reporting for this Manager: N/A I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F REPORT SUMMARY: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 78 Form 13F Information Table Value Total: $ 3,956,918 (thousands) List of Other Included Managers: No. 13F File Number Name FORM 13 F INFORMATION TABLE

FORM 13F INFORMATION TABLE NAME OF ISSUER TITLE OF VALUE SHARES/ SH/ INVSTMT OTHER VOTING AUTHORITY CLASS CUSIP x$1000 PRN AMT PRN DSCRETN MANAGERS SOLE SHARED NONE 3M CO COM 88579Y101 128193 1213711 SH SOLE 797640 0 416071 ABBOT LABORATORIES COM 002824100 45420 1286430 SH SOLE 862551 0 423879 ALLIANCE DATA SYSTEMS CORP COM 018581108 26112 162844 SH SOLE 108792 0 54052 AMERICAN MOVIL - SAB DE CV COM 02364W105 17058 815429 SH SOLE 553173 0 262256 AMERICAN EXPRESS CO COM 025816109 54671 812849 SH SOLE 542779 0 270070 AMERICAN INTERNATIONAL GROUP COM 026874784 60153 1573385 SH SOLE 1052515 0 520870 ANALOG DEVICES COM 032654105 80021 1762184 SH SOLE 1181380 0 580804 AUTOMATIC DATA PROCESSING COM 053015103 57121 882350 SH SOLE 591610 0 290740 BANK MONTREAL QUE COM 063671101 11243 178667 SH SOLE 119680 0 58987 BCE INC COM 05534B760 25890 550425 SH SOLE 398418 0 152007 BERKSHIRE HATHAWAY "B" COM 084670702 95825 926589 SH SOLE 597882 0 328707 BROOKFIELD ASSET MANAGE-CL A COM 112585104 4962 136359 SH SOLE 125311 0 11048 CBRE GROUP COM 12504L109 40298 1648863 SH SOLE 1102109 0 546754 CBS CORP CLASS B COM 124857202 64283 1405069 SH SOLE 941665 0 463404 CEMEX SAB DE CV COM 151290889 34455 2817276 SH SOLE 1907460 0 909816 CHUBB CORP COM 171232101 31385 357453 SH SOLE 239697 0 117756 CISCO SYSTEMS INC COM 17275R102 57008 2737277 SH SOLE 1833186 0 904091 HONG KONG TELEVISION NETWORK COM 43858G107 254 40232 SH SOLE 23232 0 17000 CLOROX COMPANY COM 189054109 15144 171835 SH SOLE 115360 0 56475 COCA COLA CO COM 191216100 123659 3054749 SH SOLE 2047088 0 1007661 COLGATE PALMOLIVE CO COM 194162103 82652 702186 SH SOLE 470755 0 231431 CORELOGIC INC COM 21871D103 9973 392243 SH SOLE 262070 0 130173 COSTCO WHOLESALE CORP COM 22160K105 154840 1463451 SH SOLE 976144 0 487307 CTRIP.COM INTL ADR COM 22943F100 7380 348263 SH SOLE 281852 0 66411 DISCOVERY COMMUNICATIONS A COM 25470F104 4332 55552 SH SOLE 37086 0 18466 DISCOVERY COMMUNICATIONS C COM 25470F302 2228 31849 SH SOLE 21223 0 10626 DST SYSTEMS INC COM 233326107 18037 254668 SH SOLE 170187 0 84481 EBAY INC COM 278642103 61839 1110089 SH SOLE 740374 0 369715 EMERSON ELECTRIC CO COM 291011104 58686 1066861 SH SOLE 715225 0 351636 ESTEE LAUDER COMPANIES CLASS A COM 518439104 71973 1130645 SH SOLE 757898 0 372747 FRANKLIN RESOURCES COM 354613101 70610 470884 SH SOLE 315681 0 155203 FRESENIUS MEDICAL CARE ADR COM 358029106 61033 1798502 SH SOLE 1150557 0 647945 GARTNER INC COM 366651107 70829 1300263 SH SOLE 867085 0 433178 GENERAL ELECTRIC CO COM 369604103 25691 1104845 SH SOLE 736937 0 367908 GIANT INTERACTIVE GROUP-ADR COM 374511103 3200 475547 SH SOLE 322061 0 153486 GOLDMAN SACHS GROUP INC COM 38141G104 42802 293104 SH SOLE 196510 0 96594 HANESBRANDS INC COM 410345102 15059 330304 SH SOLE 220661 0 109643 HUNTINGTON BANCSHARE INC COM 446150104 21004 2864279 SH SOLE 1914407 0 949872 IMPERIAL OIL LTD COM 453038408 50529 1239543 SH SOLE 908857 0 330686 INTEL CORP COM 458140100 63224 2950500 SH SOLE 1976100 0 974400 JOHNSON AND JOHNSON COM 478160104 121792 1486536 SH SOLE 976969 0 509567 JP MORGAN CHASE AND CO COM 46625H100 32999 689888 SH SOLE 462602 0 227286 KANSAS CITY SOUTHERN COM 485170302 43254 397654 SH SOLE 265659 0 131995 KROGER CO/THE COM 501044101 27148 834390 SH SOLE 557904 0 276486 LAZARD LTD - C1 A COM G54050102 32544 962974 SH SOLE 643551 0 319423 LEGG MASON INC COM 524901105 53673 1694692 SH SOLE 1133285 0 561407 LINEAR TECHNOLOGY CORP COM 535678106 77996 2107525 SH SOLE 1412843 0 694682 LSI CORPORATION COM 502161102 29261 4468572 SH SOLE 3096664 0 1371908 LUXOTTICA ADR COM 55068R202 166292 3323476 SH SOLE 2411334 0 912142 M & T BANK CORP COM 55261F104 32166 313832 SH SOLE 210153 0 103679 MCDONALDS CORP COM 580135101 135373 1366759 SH SOLE 916420 0 450339 MERCK & CO INC COM 58933Y105 37384 835463 SH SOLE 560280 0 275183 MICROSOFT CORP COM 594918104 101152 3535763 SH SOLE 2367887 0 1167876 MINDRAY MEDICAL COM 602675100 94237 2345820 SH SOLE 1896013 0 449807 MONSANTO CO COM 61166W101 24074 227567 SH SOLE 152062 0 75505 NORFOLK SOUTHERN CORP COM 655844108 14527 190858 SH SOLE 127526 0 63332 OMNICOM GROUP COM 681919106 77772 1312957 SH SOLE 880142 0 432815 ORACLE CORP COM 68389X105 51702 1595250 SH SOLE 1069474 0 525776 PAYCHEX INC COM 704326107 58510 1656185 SH SOLE 1110309 0 545876 PETROBRAS-PETROLEO BRAS COM 71654V408 2829 172320 SH SOLE 111520 0 60800 PFIZER INC COM 717081103 58307 2021986 SH SOLE 1355540 0 666446 PHILIP MORRIS INTERNATIONAL W/1 COM 718172109 18832 201316 SH SOLE 121146 0 80170 PRICELINE.COM INC COM 741503403 41607 59800 SH SOLE 39966 0 19834 PROCTER & GAMBLE COM 742718109 118671 1527333 SH SOLE 1023959 0 503374 RAYTHEON COMPANY COM 755111507 10512 180038 SH SOLE 117847 0 62191 ROGERS COMMUNICATIONS INC. CLASS B COM 775109200 230169 4538761 SH SOLE 3206013 0 1332748 SAPIENT CORPORATION COM 803062108 21052 1754624 SH SOLE 1170201 0 584423 SCOTTS MIRACLE GRO COM 810186106 23288 543465 SH SOLE 362294 0 181171 SIGMA-ALDRICH COM 826552101 65658 854759 SH SOLE 573026 0 281733 SL GREEN REALTY CORP COM 78440X101 42258 487745 SH SOLE 308554 0 179191 SOTHEBYS COM 835898107 17515 469794 SH SOLE 313986 0 155808 TAIWAN SEMICONDUCTOR - SP ADR COM 874039100 12980 759930 SH SOLE 530851 0 229079 TIME WARNER INC COM 887317303 60059 1042306 SH SOLE 696385 0 345921 TOWERS WATSON & CO COM 891894107 45477 661728 SH SOLE 442519 0 219209 US BANCORP COM 902973304 44156 1292722 SH SOLE 904656 0 388066 VINA CONCHA Y TORO ADR COM 927191106 2444 62373 SH SOLE 43173 0 19200 WELLPOINT INC COM 94973V107 31925 473408 SH SOLE 316493 0 156915 WELLS FARGO COM 949746101 28243 764742 SH SOLE 512388 0 252354