Marathon Asset Management 13F: Cuts GIL Stake by $11M

On October 26, 2026, Marathon Asset Management reduced its stake in Gildan Activewear Inc. (GIL) by 247,035 shares, leaving it with 809,891 shares. This information comes from the fund's latest Form 13F filing with the SEC.

Marathon's reported value in Gildan is now approximately $34.6 million. This cut represents a 23.4% decrease from the previous position of 1,056,926 shares. The fund ranks 13th among its 76 reported positions, with Gildan making up 2.74% of its total portfolio.

GIL Gildan Activewear Inc.

$40.36 ▼ -35.01% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Other Institutional Activity in Gildan Activewear

Caisse De Depot Et Placement Du Quebec increased its holdings by 1,238,302 shares, ending with 11,679,294 shares worth about $471.0 million. Jupiter Topco LLC also boosted its position by 5,555,847 shares, bringing its total to 11,111,694 shares valued at approximately $448.1 million. Meanwhile, Royal Bank of Canada trimmed its stake by 81,555 shares, now holding 6,829,868 shares valued at about $275.4 million.

Gildan Activewear Inc. Stock Down 0.3%

Gildan's shares closed at $40.33 on the filing date, October 26, 2026, and recently traded around $40.39 as of October 27, 2026. This recent price is about equal to the closing price on the filing date, but it remains significantly below its 200-day moving average, which is around $56.20, indicating a weaker performance over the longer term.

Recent Earnings

For the trailing twelve months, Gildan reported revenue of approximately $4.74 billion and an earnings per share (EPS) of $1.31. The company is scheduled to report its next earnings on November 5, 2026.

Dividend

Gildan Activewear pays an annual dividend of $1.00 per share, resulting in a dividend yield of 2.47%. The company's dividend payout ratio is 72.5%.

Analysts Set New Price Targets

On October 26, 2026, BMO Capital maintained an Outperform rating on Gildan with a new price target of $64.00, down from $82.00. Other analysts, including RBC Capital and UBS, also maintained their recommendations with price targets of $70.00 and $71.00, respectively.

About Gildan Activewear

Gildan Activewear Inc. is based in Montreal, QC, and manufactures a range of apparel products including T-shirts and activewear. The company's recent stock activity reflects its position in a competitive apparel manufacturing sector.

Bottom Line

Marathon Asset Management's recent reduction in Gildan shares highlights a strategic shift in its portfolio. Investors will be watching for Gildan's upcoming earnings report on November 5, 2026, and any further updates from institutional investors regarding their positions.