Marathon Asset Management Reports 4.7% Stake in GrafTech International Ltd (EAF)

On May 15, 2026, Marathon Asset Management, L.P. filed a Schedule 13G/A with the SEC, reporting a 4.7% stake in GrafTech International Ltd (EAF). The filing indicates that Marathon, along with its general partner Marathon Asset Management GP, L.L.C., and managing members Bruce Richards and Louis Hanover, beneficially owns 1,211,615 shares of Common Stock. Within this total, MDCF II Investment Fund A SCSp, a Luxembourg-based fund managed by Marathon, specifically holds 923,084 shares, representing a 3.5% ownership interest. This filing serves as an amendment (Amendment No. 2) and reflects ownership as of the event date of March 31, 2026. The reporting persons have certified that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The total position value is estimated at approximately $10.88 million based on the reported share count. This represents an increase from a previously reported 0% position, marking a significant entry or re-entry into the stock.