Marnell Management LLC
CIK 1852314 · View on SEC EDGAR ↗
- Portfolio value
- $260.4M
- Positions
- 69
- As of
- June 30, 2026
#5,605 of 9,443 by 13F value · top 59.4%
Portfolio value QoQ: -9.4% 13F does not disclose cash
- Top 10 holdings weight
- 50.32%
- Top 25 holdings weight
- 76.89%
- Positions above 1%
- 30
- Effective number of positions
- 14.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 34.29% Est. buys $93,919,374 · sells $139,237,582
- New positions
- 7
- Increased
- 37
- Decreased
- 18
- Closed
- 7
Put-notional exposure: 22.6% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 97.7% · Options excluded: 42.9%
Sector breakdown
Energy
26.4%
Real Estate
12.8%
Industrials
12.4%
Materials
7.2%
Technology
4.9%
Consumer Discretionary
3.1%
Utilities
2.7%
Financials
2.3%
Communication Services
2.0%
Consumer products
1.4%
Financial Services
1.0%
Other/Unmapped
23.8%
Full portfolio 69 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| QQQ Invesco QQQ Trust, Series 1 | $58,912,000 | 22.63% | 80,000 | Put option | $41,596,600 | Up ×1 | |
| SBLK Star Bulk Carriers Corp. - Common Shares | $12,876,979 | 4.95% | 515,698 | $2,993,401 | Up ×2 | ||
| CNR Core Natural Resources, Inc. Common Stock | $10,304,816 | 3.96% | 128,778 | $2,556,472 | Up ×2 | ||
| DHT DHT Holdings, Inc. | $8,957,128 | 3.44% | 541,871 | $7,578,949 | Up ×1 | ||
| WULF TeraWulf Inc. - Common Stock | $8,027,278 | 3.08% | 324,991 | $-1,882,698 | Down ×1 | ||
| TRMD TORM plc - Class A Common Stock | $6,850,549 | 2.63% | 262,876 | $-62,011 | Up ×2 | ||
| TDW Tidewater Inc. Common Stock | $6,562,389 | 2.52% | 98,490 | $1,957,113 | Up ×1 | ||
| HCC Warrior Met Coal, Inc. Common Stock | $6,453,113 | 2.48% | 79,511 | $1,244,817 | Up ×1 | ||
| VNO Vornado Realty Trust Common Stock | $6,142,276 | 2.36% | 156,292 | $2,436,310 | Up ×2 | ||
| GTX Garrett Motion Inc. - Common Stock | $5,931,322 | 2.28% | 163,713 | $2,626,871 | Down ×2 | ||
| FCNCA First Citizens BancShares, Inc. - Class A Common Stock | $5,886,555 | 2.26% | 2,829 | $1,176,790 | Up ×2 | ||
| DEI Douglas Emmett, Inc. Common Stock | $5,866,169 | 2.25% | 497,133 | $1,756,317 | Up ×1 | ||
| JBGS JBG SMITH Properties Common Shares | $5,598,351 | 2.15% | 381,619 | $-1,003,514 | Down ×1 | ||
| TLN Talen Energy Corporation - Common Stock | $5,591,367 | 2.15% | 14,551 | $1,357,100 | Up ×2 | ||
| COMP Compass, Inc. Class A Common Stock | $5,219,314 | 2.00% | 423,302 | $3,232,610 | Up ×1 | ||
| ECO Okeanis Eco Tankers Corp. Common Stock | $4,826,255 | 1.85% | 96,294 | $2,132,186 | Up ×2 | ||
| NMM Navios Maritime Partners LP Common Units Representing Limited Partner Interests | $4,736,242 | 1.82% | 67,593 | $843,861 | Up ×1 | ||
| ALX Alexander's, Inc. Common Stock | $4,682,040 | 1.80% | 16,991 | $940,396 | Up ×2 | ||
| CMBT CMB.TECH NV Ordinary Shares | $4,352,415 | 1.67% | 311,109 | $2,573,901 | Up ×1 | ||
| SHW Sherwin-Williams Company (The) Common Stock | $4,336,022 | 1.67% | 12,593 | $1,343,367 | Up ×2 | ||
| BORR Borr Drilling Limited Common Shares | $3,811,635 | 1.46% | 922,914 | Up ×1 | |||
| NXRT NexPoint Residential Trust, Inc. Common Stock | $3,668,856 | 1.41% | 131,406 | $278,706 | Down ×2 | ||
| RIG Transocean Ltd (Switzerland) Common Stock | $3,619,920 | 1.39% | 740,270 | $1,370,673 | Up ×2 | ||
| SATS EchoStar Corporation - Common stock | $3,588,939 | 1.38% | 35,359 | $3,009,911 | Up ×1 | ||
| EXP Eagle Materials Inc Common Stock | $3,383,775 | 1.30% | 15,039 | $1,121,931 | Up ×2 | ||
| ASC Ardmore Shipping Corporation Common Stock | $3,308,069 | 1.27% | 236,122 | $-1,257,125 | Down ×2 | ||
| CENX Century Aluminum Company - Common Stock | $3,290,451 | 1.26% | 71,516 | $631,911 | Up ×1 | ||
| HSHP Himalaya Shipping Ltd. Common Shares | $2,901,284 | 1.11% | 217,162 | $719,658 | Up ×1 | ||
| TNK Teekay Tankers Ltd. | $2,879,644 | 1.11% | 44,391 | $1,151,712 | Up ×2 | ||
| FRO Frontline Plc Ordinary Shares | $2,820,808 | 1.08% | 81,081 | $754,063 | Up ×1 | ||
| LEN Lennar Corporation Class A Common Stock | $2,452,279 | 0.94% | 27,100 | $802,319 | Up ×1 | ||
| INSW International Seaways, Inc. Common Stock | $2,446,208 | 0.94% | 31,939 | $653,579 | Up ×1 | ||
| FBIN Fortune Brands Innovations, Inc. Common Stock | $2,443,050 | 0.94% | 44,500 | $568,593 | Down ×1 | ||
| NVGS Navigator Holdings Ltd. Ordinary Shares (Marshall Islands) | $1,854,523 | 0.71% | 99,545 | $888,023 | Up ×1 | ||
| BWA BorgWarner Inc. Common Stock | $1,845,920 | 0.71% | 27,800 | Call option | $337,492 | ||
| STNG Scorpio Tankers Inc. Common Shares | $1,712,523 | 0.66% | 24,726 | $-253,499 | Down ×2 | ||
| METC Ramaco Resources, Inc. - Class A Common Stock | $1,616,243 | 0.62% | 122,165 | $-202,858 | Up ×1 | ||
| HPP Hudson Pacific Properties, Inc. Common Stock | $1,552,205 | 0.60% | 102,186 | $849,358 | Down ×1 | ||
| MLM Martin Marietta Materials, Inc. Common Stock | $1,528,832 | 0.59% | 2,651 | $651,110 | Up ×2 | ||
| SATS EchoStar Corporation - Common stock | $1,522,500 | 0.58% | 15,000 | Call option | Up ×1 | ||
| GLD | $1,518,094 | 0.58% | 4,121 | $-255,131 | |||
| HUT Hut 8 Corp. - Common Stock | $1,510,482 | 0.58% | 13,084 | $706,304 | Down ×2 | ||
| CORZ Core Scientific, Inc. - Common Stock | $1,508,377 | 0.58% | 58,944 | $-1,041,944 | Down ×2 | ||
| GLXY Galaxy Digital Inc. - Class A common stock | $1,485,710 | 0.57% | 54,342 | Up ×1 | |||
| HAFN Hafnia Limited Common Shares | $1,422,288 | 0.55% | 214,200 | Call option | $-856,952 | Down ×1 | |
| VAL Valaris Limited Common Shares | $1,384,845 | 0.53% | 19,075 | $-289,188 | Up ×1 | ||
| VST Vistra Corp. Common Stock | $1,355,017 | 0.52% | 8,542 | Up ×1 | |||
| AMR Alpha Metallurgical Resources, Inc. Common Stock | $1,289,336 | 0.50% | 7,817 | $657,720 | Up ×1 | ||
| BTU Peabody Energy Corporation Common Stock | $1,230,261 | 0.47% | 53,212 | $758,681 | Up ×1 | ||
| KKR KKR & Co. Inc. Common Stock | $1,194,884 | 0.46% | 13,019 | $249,626 | Up ×2 | ||
| CIFR Cipher Mining Inc. - Common Stock | $1,169,018 | 0.45% | 47,715 | $-1,480,915 | Down ×1 | ||
| NVR NVR, Inc. Common Stock | $1,103,771 | 0.42% | 162 | Up ×1 | |||
| SHIP Seanergy Maritime Holdings Corp. - Common Stock | $1,055,665 | 0.41% | 78,605 | $544,958 | Up ×1 | ||
| GNK Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) | $946,918 | 0.36% | 38,213 | $-992,901 | Down ×2 | ||
| BLDR Builders FirstSource, Inc. Common Stock | $928,087 | 0.36% | 10,372 | $-699,742 | Down ×1 | ||
| QXO QXO, Inc. Common Stock | $917,430 | 0.35% | 53,092 | $165,876 | Up ×1 | ||
| Unknown issuer (CUSIP: 67623C307) | $865,164 | 0.33% | 50,892 | Up ×1 | |||
| MT Arcelor Mittal NY Registry Shares NEW | $733,961 | 0.28% | 12,188 | $64,043 | Down ×2 | ||
| FRMI Fermi Inc. - Common Stock | $659,199 | 0.25% | 71,965 | Up ×1 | |||
| OC Owens Corning Inc Common Stock New | $570,666 | 0.22% | 3,590 | $182,156 | |||
| WLK Westlake Corporation Common Stock | $540,346 | 0.21% | 7,402 | $96,196 | Up ×1 | ||
| NBIS Nebius Group N.V. - Class A Ordinary Shares | $406,246 | 0.16% | 1,471 | $-2,017,380 | Down ×2 | ||
| WH Wyndham Hotels & Resorts, Inc. Common Stock | $391,324 | 0.15% | 4,647 | $13,848 | |||
| CLF Cleveland-Cliffs Inc. Common Stock | $371,966 | 0.14% | 39,613 | $37,236 | |||
| BRKB | $355,277 | 0.14% | 710 | $15,045 | |||
| LENB | $329,735 | 0.13% | 3,717 | $17,061 | |||
| HAFN Hafnia Limited Common Shares | $257,366 | 0.10% | 38,760 | $-998,496 | Down ×2 | ||
| TEN Tsakos Energy Navigation Ltd Common Shares | $253,178 | 0.10% | 7,158 | $28,611 | Up ×1 | ||
| CLSK CleanSpark, Inc. - Common Stock | $237,834 | 0.09% | 16,346 | $-1,926,906 | Down ×1 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| QQQ | Bought more | +50K | +$41.6M |
| COMP | Bought more | +152K | +$3.2M |
| SBLK | Bought more | +85K | +$3.0M |
| GTX | Trimmed | -18K | +$2.6M |
| CMBT | Bought more | +171K | +$2.6M |
| CNR | Bought more | +55K | +$2.6M |
| VNO | Bought more | +14K | +$2.4M |
| ECO | Bought more | +43K | +$2.1M |
| TDW | Bought more | +43K | +$2.0M |
| WULF | Trimmed | -362K | -$1.9M |
4 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| SPY | June 30, 2026 | 130,000 | $84,544,200 | No longer tracked |
| HYG | June 30, 2026 | 250,000 | $19,890,000 | No longer tracked |
| NLOP | March 31, 2026 | 68,027 | $1,754,416 | -0.3% |
| NUE | March 31, 2026 | 10,000 | $1,631,100 | 42.8% |
| SEG | June 30, 2026 | 32,300 | $693,804 | 1.7% |
| DAC | March 31, 2026 | 7,119 | $670,468 | 30.9% |
| CE | June 30, 2026 | 9,300 | $611,661 | 1.2% |
| AL | March 31, 2026 | 9,078 | $583,080 | No longer tracked |
| FNV | March 31, 2026 | 2,400 | $497,472 | 1.4% |
| OLN | June 30, 2026 | 16,309 | $484,867 | -5.1% |
| VALE | March 31, 2026 | 25,800 | $336,174 | -13.1% |
| CZR | June 30, 2026 | 12,653 | $334,419 | -1.9% |
| WFG | June 30, 2026 | 4,676 | $305,296 | 2.9% |
| CDRE | March 31, 2026 | 6,076 | $248,144 | 9.8% |
| GSL | March 31, 2026 | 6,515 | $228,286 | 16.5% |
| TROX | March 31, 2026 | 19,830 | $82,691 | -42.3% |