13FPulse
MA

MARA MARA HOLDINGS INC

2026Q2 · CUSIP 565788106 · Sector: Financials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
407
Institutions that reported holding it to the SEC
Net increase in holders
+22
Last quarter 385 → now 407
How unusual is that
Top 20%
Stronger buying than 85% of US stocks
What the filings say, in one paragraph

407 funds held MARA at the end of 2026Q2, up 22 from the quarter before. That is stronger buying than 84.7% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $804M(YoY +0.7%), return on equity is -208.4%. MARA has had 11 buying rushes in its history, and the price moved -1.2% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2021Q1: holders=132 2021Q2: holders=185 2021Q3: holders=206 2021Q4: holders=231 2022Q1: holders=232 2022Q2: holders=220 2022Q3: holders=201 2022Q4: holders=221 2023Q1: holders=206 2023Q2: holders=216 2023Q3: holders=215 2023Q4: holders=273 2024Q1: holders=302 2024Q2: holders=327 2024Q3: holders=319 2024Q4: holders=357 2025Q1: holders=349 2025Q2: holders=362 2025Q3: holders=391 2025Q4: holders=401 2026Q1: holders=385 2026Q2: holders=407 -131 -65.5 +0 +65.5 +131 118273428 21Q121Q322Q122Q323Q123Q324Q124Q325Q125Q326Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 11 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20%
2025Q3 Top 20% -8.0% -30.8%
2024Q4 Top 20% -26.5% -4.1%
2024Q2 Top 10% -6.3% +28.0%
2024Q1 Top 10% +3.7% -15.5%
2023Q4 Top 10% -31.4% -27.8%
2022Q4 Top 20% +16.9% +30.1%
2021Q4 Top 20% +0.5% -64.2%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
180
Change in large funds
+19
Total value they hold
$3.9B
Funds buying for the first time
90
Funds that sold out entirely
68
Price change that quarter
-11.6%
Funds holding puts (bearish)
35
Funds holding calls (bullish)
35

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-8.89
EPS YoY
-704.8%
Revenue (TTM)
$0.8B
Revenue YoY
+0.7%
Net margin
-430.2%
ROE
-208.4%
Debt ratio
61.8%
FCF (TTM)
-$1.2B
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.22 2021-12-31: EPS 0.14 2022-03-31: EPS -0.17 2022-06-30: EPS -1.94 2022-09-30: EPS -0.62 2022-12-31: EPS -3.14 2023-03-31: EPS 0.72 2023-06-30: EPS -0.07 2023-09-30: EPS -0.34 2023-12-31: EPS 0.75 2024-03-31: EPS 1.26 2024-06-30: EPS -0.72 2024-09-30: EPS -0.42 2024-12-31: EPS 1.60 2025-03-31: EPS -1.55 2025-06-30: EPS 1.84 2025-09-30: EPS 0.27 2025-12-31: EPS -4.25 2026-03-31: EPS -3.31 2026-06-30: EPS -1.60 0M 126M 252M $M -4.68 -1.33 2.02 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
5 16 27 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-500M-243M14M 20162017201820192020202120222023202420252026
Latest quarter $-327M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.