Marathon Asset Management 13F: Cuts CP Stake by $9.2M

On October 26, 2026, Marathon Asset Management reduced its stake in Canadian Pacific Kansas City Limited (NYSE: CP) by 107,455 shares. This adjustment, detailed in a recent Form 13F filing with the SEC, brings the fund's total holdings in the company to 352,295 shares, valued at approximately $30.1 million.

CP Canadian Pacific Kansas City Limited

$89.82 ▲ +21.43% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Marathon Asset Management's Canadian Pacific Position

Marathon Asset Management's cut represents a 23.4% decrease in its position. The fund's reported value for this stake is now about $30.1 million, which is a part of its total reported 13F value of $1.26 billion.

Where Canadian Pacific Fits in Marathon Asset Management's Portfolio

This position now accounts for 2.39% of Marathon's total portfolio, ranking 16th among its 76 holdings.

Other Institutional Activity in Canadian Pacific

Royal Bank of Canada increased its holdings by 1,286,684 shares, bringing its total to about 54.2 million shares valued at approximately $4.87 billion. Meanwhile, TCI Fund Management Ltd reduced its stake by 1,195,598 shares, leaving it with about 45.3 million shares valued at around $4.07 billion.

Canadian Pacific Kansas City Limited Stock Up 0.3%

As of October 26, 2026, Canadian Pacific shares closed at $89.82, which is about equal to its recent trading level. The stock is currently above its 50-day moving average by 0.8% and above its 200-day average by 4.9%. However, it is trading about 7.3% below its 52-week high of $96.90.

Recent Earnings

Canadian Pacific reported trailing twelve-month revenue of approximately $15.4 billion, reflecting a year-over-year growth of 12.6%. The next earnings report is scheduled for October 28, 2026.

Analysts Set New Price Targets

On October 7, 2026, Citigroup maintained a "Buy" rating on Canadian Pacific with a price target of $102. This follows a series of analysts maintaining their ratings earlier in July, with targets ranging up to $145 from RBC Capital.

About Canadian Pacific Kansas City Limited

Canadian Pacific Kansas City Limited operates a transcontinental freight railway across Canada, the United States, and Mexico. It plays a vital role in the transportation of goods, which is crucial for trade and commerce in North America.

Bottom Line

Investors should keep an eye on the upcoming earnings report on October 28, 2026, for insights into the company's performance. Additionally, Marathon's recent position change may reflect its strategy in response to market conditions surrounding Canadian Pacific.