0001040592-12-000022.txt : 20121010 0001040592-12-000022.hdr.sgml : 20121010 20121010072328 ACCESSION NUMBER: 0001040592-12-000022 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121010 DATE AS OF CHANGE: 20121010 EFFECTIVENESS DATE: 20121010 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: 121136453 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 : September 30, 2012 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 October 10, 2012 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: 138 Form 13F Information Table Value Total: $ 6,316,224 (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 ABITIBIBOWATER INC COM 76117W109 8278 639376 SH SOLE 482487 0 156889 ALCATEL LUCENT COM 013904305 1140 1083486 SH SOLE 820283 0 263203 ALLIANCE DATA SYSTEMS CORP COM 018581108 79306 560429 SH SOLE 422511 0 137918 ALTRIA GROUP COM 02209S103 29887 876835 SH SOLE 645353 0 231482 AMAZON COM INC COM 023135106 301907 1198270 SH SOLE 897165 0 301105 AMC NETWORKS INC COM 00164V103 54676 1262307 SH SOLE 952718 0 309589 AMERICAN MOVIL - SAB DE CV COM 02364W105 36441 1421258 SH SOLE 1069458 0 351800 AMERICAN EXPRESS CO COM 025816109 85538 1481690 SH SOLE 1117368 0 364322 AMERICAN GREETINGS CORP - CLASS A COM 026375105 61462 3634543 SH SOLE 2743468 0 891075 AMERICAN INTERNATIONAL GROUP COM 026874784 179689 5403169 SH SOLE 4086986 0 1316183 AMERIPRISE FIN INC COM 03076C106 2651 46776 SH SOLE 35307 0 11469 AOL INC COM 00184X105 5441 153795 SH SOLE 116375 0 37420 APPLE INC COM 037833100 -1121 -1680 SH SOLE -1680 0 0 ASCENT CAP GROUP INC COM 043632108 1023 18740 SH SOLE 14355 0 4385 BAKER HUGHES INC COM 057224107 4255 94465 SH SOLE 71754 0 22711 BANCO SANTANDER ADR COM 05964H105 1240 166277 SH SOLE 127795 0 38482 BANK OF AMERICA CORP COM 060505104 137927 15400008 SH SOLE 11617330 0 3782678 BANK MONTREAL QUE COM 063671101 36294 611723 SH SOLE 464106 0 147617 BCE INC COM 05534B760 58960 1314421 SH SOLE 1001472 0 312949 BERKSHIRE HATHAWAY "B" COM 084670207 170614 1923924 SH SOLE 1434957 0 488967 BLUE NILE INC COM 09578R103 62804 1690168 SH SOLE 1281130 0 409038 BRISTOL-MYERS SQUIBB CO COM 110122108 17832 525933 SH SOLE 398270 0 127663 BROOKFIELD ASSET MANAGE-CL A COM 112585104 11478 334086 SH SOLE 310815 0 23271 CABLEVISION SYSTEMS NY GROUP A COM 12686C109 180930 11459889 SH SOLE 8643566 0 2816323 CAVCO INDUSTRIES INC COM 149568107 5565 120409 SH SOLE 91256 0 29153 CBRE GROUP COM 12504L109 106257 5697978 SH SOLE 4301418 0 1396560 CBS CORP - CL A COM 124857103 25266 708861 SH SOLE 537365 0 171496 CBS CORP CLASS B COM 124857202 75232 2118238 SH SOLE 1596726 0 521512 CEMEX SAB DE CV COM 151290889 40615 4779226 SH SOLE 3609214 0 1170012 CHUNGHWA TELECOM CO LTD SPON ADR COM 17133Q502 1054 33035 SH SOLE 19805 0 13230 CINCINNATI BELL INC COM 171871106 5626 978816 SH SOLE 741512 0 237304 CIT GROUP INC COM 125581801 49790 1269824 SH SOLE 957978 0 311846 CITIGROUP INC COM 172967424 101457 3098114 SH SOLE 2336211 0 761903 CITY TELECOM COM 178677209 675 144947 SH SOLE 109820 0 35127 COGNIZANT TECH SOLUTIONS-A COM 192446102 3334 46789 SH SOLE 35576 0 11213 COSTCO WHOLESALE CORP COM 22160K105 290106 2886443 SH SOLE 2178051 0 708392 CTC MEDIA INC COM 12642X106 2470 271798 SH SOLE 204648 0 67150 DELL INC COM 24702R101 2087 211590 SH SOLE 160307 0 51283 DELTA AIR LINES COM 247361702 89531 9456015 SH SOLE 7132669 0 2323346 DEVON ENERGY CORPORATION COM 25179M103 1497 24635 SH SOLE 18748 0 5887 DIRECTV GROUP INC COM 25490A309 37481 720323 SH SOLE 544595 0 175728 DISCOVERY COMMUNICATIONS A COM 25470F104 6344 105812 SH SOLE 80185 0 25627 DISCOVERY COMMUNICATIONS C COM 25470F302 3406 60471 SH SOLE 45768 0 14703 DST SYSTEMS INC COM 233326107 49996 876323 SH SOLE 660560 0 215763 EAGLE MATERIALS INC COM 26969P108 987 20722 SH SOLE 15866 0 4856 EBAY INC COM 278642103 100889 2091675 SH SOLE 1577386 0 514289 EMBRAER SA ADR COM 29082A107 10915 400225 SH SOLE 301962 0 98263 ESTEE LAUDER COMPANIES CLASS A COM 518439104 134168 2124317 SH SOLE 1606369 0 517948 EXCO RESOURCES INC COM 269279402 2209 264845 SH SOLE 199945 0 64900 EXPEDITORS INTL WASH INC COM 302130109 16333 451948 SH SOLE 341372 0 110576 FEDERATED INVESTORS COM 314211103 15493 745689 SH SOLE 562578 0 183111 FIRST REPUBLIC BANK/CA COM 33616C100 2555 76559 SH SOLE 57758 0 18801 FOMENTO ECONOMICO COM 344419106 7752 84315 SH SOLE 63615 0 20700 FORRESTER RESEARCH INC COM 346563109 25362 875259 SH SOLE 659877 0 215382 FRESENIUS MEDICAL CARE ADR COM 358029106 76991 1033198 SH SOLE 696768 0 336430 GARTNER INC COM 366651107 126679 2765924 SH SOLE 2087174 0 678750 GENERAL ELECTRIC CO COM 369604103 48286 2103190 SH SOLE 1591490 0 511700 GIANT INTERACTIVE GROUP-ADR COM 374511103 3721 715816 SH SOLE 539772 0 176044 HACKETT GROUP INC COM 404609109 4338 1069023 SH SOLE 811104 0 257919 HANESBRANDS INC COM 410345102 36386 1146518 SH SOLE 865642 0 280876 HEALTH MANAGEMENT ASSOCIATES INC A COM 421933102 12056 1440706 SH SOLE 1091656 0 349050 HEIDRICK & STRUGGLES COM 422819102 2982 232633 SH SOLE 176377 0 56256 HEWLETT PACKARD CO COM 428236103 6919 398924 SH SOLE 302187 0 96737 HUNT (JB) TRANSPORT SVCS INC COM 445658107 8813 169395 SH SOLE 128994 0 40401 HUNTINGTON BANCSHARE INC COM 446150104 68610 9903026 SH SOLE 7474628 0 2428398 HUNTINGTON INGALLAS INDS INC COM 446413106 1269 30188 SH SOLE 23916 0 6272 IMPERIAL OIL LTD CANADA COM 453038408 123585 2657438 SH SOLE 2029154 0 628284 INFOSYS LTD ADR COM 456788108 3183 64359 SH SOLE 48498 0 15861 INTERPUBLIC GROUP OF COS INC COM 460690100 18899 1704157 SH SOLE 1290997 0 413160 JP MORGAN CHASE AND CO COM 46625H100 17265 420922 SH SOLE 309881 0 111041 K12 INC COM 48273U102 22154 1088772 SH SOLE 820417 0 268355 KANSAS CITY SOUTHERN COM 485170302 150467 1981510 SH SOLE 1495123 0 486387 KBH US COM 48666K109 14268 1001271 SH SOLE 755469 0 245802 KROGER CO/THE COM 501044101 68424 2877361 SH SOLE 2171852 0 705509 LAZARD LTD - 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