Marathon Asset Management 13F: Cuts SCCO Stake by $5M

On October 26, 2026, Marathon Asset Management trimmed its stake in Southern Copper Corporation (SCCO) by 24,458 shares, now holding a total of 452,075 shares. This reduction is valued at about $4.96 million, according to the fund's latest Form 13F filing with the SEC.

SCCO Southern Copper Corporation

$186.01 ▲ +30.91% year to date

1M 3M YTD

Daily close · Oct 26, 2026

What Changed in Marathon Asset Management's Southern Copper Position

Marathon Asset Management reduced its holding in Southern Copper from 476,533 shares to 452,075 shares, reflecting a 5.1% decrease. The value of this position is now approximately $91.6 million, making up 7.26% of the fund's total reported value of $1.26 billion.

Where Southern Copper Fits in Marathon's Portfolio

Southern Copper is the top holding in Marathon Asset Management's portfolio, ranking first among its 76 positions. This recent trim represents a minor adjustment in their significant investment, with the fund realizing an estimated gain on this position based on current market prices.

Other Institutional Activity in Southern Copper

Integrated Advisors Network increased its stake in Southern Copper by 8,605 shares, now holding 13,817 shares worth about $2.8 million. Crescent Grove Advisors also added 2,670 shares, bringing its total to the same amount valued at approximately $541,049. Meanwhile, Fisher Asset Management boosted its holdings by 463,206 shares, totaling 2,822,889 shares valued at about $525.1 million.

Southern Copper Corporation Stock Up 0.6%

Southern Copper shares recently traded around $186.06, which is about equal to the closing price of $186.01 on October 26, 2026. The stock is currently below its 50-day moving average by about 7.5% and 15.7% below its 52-week high of $220.78.

Recent Earnings

Southern Copper reported trailing twelve-month revenue of approximately $17.1 billion, alongside an EPS of $7.52. The next earnings report is scheduled for January 26, 2027.

Insider Buying and Selling at Southern Copper Corporation

Director Luis Miguel Bonilla has sold a total of 800 shares of Southern Copper in several transactions over the past months, with the most recent sale of 100 shares on September 8, 2026, at an average price of $210.00. These sales occurred before the recent 13F filing.

Analysts Set New Price Targets

On October 26, 2026, Barclays maintained its underweight rating on Southern Copper with a price target of $165. This follows several recent ratings from other firms, including Wells Fargo, which maintained a price target of $193 on October 23, 2026, and UBS, which has a sell rating with a target of $180.

About Southern Copper

Southern Copper Corporation is involved in mining, exploring, smelting, and refining copper and other minerals across several countries including Mexico, the U.S., and various South American nations. The company's performance impacts a range of markets due to its significant role in the copper industry.

Bottom Line

Investors should watch for Southern Copper's upcoming earnings report on January 26, 2027, as well as any further filings from Marathon Asset Management. This latest move reflects a strategic adjustment by the fund amidst fluctuating market conditions.