Marnell Management LLC
13F Reported Value
ⓘ$287.5M
incl. option notional
Equity Holdings
ⓘ$150.4M
Option Notional
ⓘ$137.1M
$121.7M puts / $15.3M calls
Holdings
72
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Marnell Management LLC disclosed 72 positions worth $287.5M in its Form 13F-HR for Q1 2026 — $150.4M in common stock plus $137.1M of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) puts. During the quarter the fund opened 20 new positions and exited 11 and a full exit from $SBLK. The portfolio is most concentrated in Industrials (37.6% of disclosed assets). All figures are sourced directly from Marnell Management LLC’s Form 13F-HR filing with the SEC under CIK 1852314.
Sector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$84.5M130,000 sh ISHARES TR PUT
—Quality
$19.9M250,000 sh- $17.3M30,000 sh
- 25.2
Quality
$9.9M686,762 sh - —
Quality
$9.9M430,282 sh - 51.8
Quality
$7.7M73,984 sh - —
Quality
$6.9M247,762 sh - 28.6
Quality
$6.6M451,873 sh - 42.1
Quality
$5.2M55,913 sh - —
Quality
$5.2M185,400 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $84.5M | 130,000 |
| ISHARES TR PUT | — | $19.9M | 250,000 |
 INVESCO QQQ TRUST, SERIES 1$QQQPUT | — | $17.3M | 30,000 |
 TERAWULF INC.$WULF | 25.2 | $9.9M | 686,762 |
 Star Bulk Carriers Corp.$SBLK | — | $9.9M | 430,282 |
 Core Natural Resources, Inc.$CNR | 51.8 | $7.7M | 73,984 |
 TORM plc$TRMD | — | $6.9M | 247,762 |
 JBG SMITH Properties$JBGS | 28.6 | $6.6M | 451,873 |
 WARRIOR MET COAL, INC.$HCC | 42.1 | $5.2M | 55,913 |
| TORM plc$TRMDCALL | — | $5.2M | 185,400 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Marnell Management LLC's 72 positions.
Showing top 10 of 72 holdings.
Sector Allocation
Industrials
$56.5M
Financials
$25.8M
Real Estate
$24.2M
Energy
$19.8M
Materials
$8.2M
Consumer Discretionary
$7.3M
Utilities
$4.2M
Technology
$2.4M
Full Holdings — Marnell Management LLC (Q1 2026)
All 72 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $SPYPUT | SPDR S&P 500 ETF TRUST | $84.5M | — | +30% | — |
| 2 | — | ISHARES TR | $19.9M | — | NEW | — |
| 3 | $QQQPUT | INVESCO QQQ TRUST, SERIES 1 | $17.3M | — | NEW | — |
| 4 | $WULF | TERAWULF INC. | $9.9M | 6.6% | +21% | 25.2 |
| 5 | $SBLK | Star Bulk Carriers Corp. | $9.9M | 6.6% | +19% | — |
| 6 | $CNR | Core Natural Resources, Inc. | $7.7M | 5.2% | +9% | 51.8 |
| 7 | $TRMD | TORM plc | $6.9M | 4.6% | +1% | — |
| 8 | $JBGS | JBG SMITH Properties | $6.6M | 4.4% | +17% | 28.6 |
| 9 | $HCC | WARRIOR MET COAL, INC. | $5.2M | 3.5% | -25% | 42.1 |
| 10 | $TRMDCALL | TORM plc | $5.2M | — | NEW | — |
| 11 |  $DHTCALL | DHT Holdings, Inc. | $4.9M | — | NEW | — |
| 12 |  $FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $4.7M | 3.1% | +19% | 54.8 |
| 13 |  $TDW | TIDEWATER INC | $4.6M | 3.1% | -38% | 64.6 |
| 14 |  $ASC | Ardmore Shipping Corp | $4.6M | 3.0% | -18% | 52.7 |
| 15 |  $TLN | Talen Energy Corp | $4.2M | 2.8% | +130% | 66.5 |
| 16 |  $DEI | Douglas Emmett Inc | $4.1M | 2.7% | NEW | 64.5 |
| 17 |  $NMM | Navios Maritime Partners L.P. | $3.9M | 2.6% | -40% | — |
| 18 |  $ALX | ALEXANDERS INC | $3.7M | 2.5% | +32% | 48.1 |
| 19 |  $VNO | VORNADO REALTY TRUST | $3.7M | 2.5% | +1041% | 69.1 |
| 20 |  $NXRT | NexPoint Residential Trust, Inc. | $3.4M | 2.3% | -22% | 37 |
| 21 |  $GTX | Garrett Motion Inc. | $3.3M | 2.2% | -20% | 59.6 |
| 22 |  $SHW | SHERWIN WILLIAMS CO | $3.0M | 2.0% | +5% | 65.3 |
| 23 |  $ECO | Okeanis Eco Tankers Corp. | $2.7M | 1.8% | +561% | — |
| 24 |  $CENX | CENTURY ALUMINUM CO | $2.7M | 1.8% | -58% | 67 |
| 25 |  $CIFR | Cipher Digital Inc. | $2.6M | 1.8% | NEW | 30.1 |
| 26 |  $CORZ | Core Scientific, Inc./tx | $2.6M | 1.7% | -23% | 14 |
| 27 |  $NBIS | Nebius Group N.V. | $2.4M | 1.6% | -47% | — |
| 28 |  $HAFNCALL | Hafnia Ltd | $2.3M | — | NEW | — |
| 29 |  $EXP | EAGLE MATERIALS INC | $2.3M | 1.5% | +32% | 62.7 |
| 30 |  $RIG | Transocean Ltd. | $2.2M | 1.5% | +17% | — |
| 31 |  $HSHP | Himalaya Shipping Ltd. | $2.2M | 1.4% | NEW | — |
| 32 |  $CLSK | CLEANSPARK, INC. | $2.2M | 1.4% | NEW | 40.6 |
| 33 |  $FRO | Frontline plc | $2.1M | 1.4% | -46% | — |
| 34 |  $COMP | Compass, Inc. | $2.0M | 1.3% | NEW | 58.3 |
| 35 |  $STNG | Scorpio Tankers Inc. | $2.0M | 1.3% | -6% | — |
| 36 |  $GNK | GENCO SHIPPING & TRADING LTD | $1.9M | 1.3% | -69% | — |
| 37 |  $FBIN | Fortune Brands Innovations, Inc. | $1.9M | 1.3% | NEW | 48.7 |
| 38 |  $METC | Ramaco Resources, Inc. | $1.8M | 1.2% | NEW | 24.1 |
| 39 |  $INSW | International Seaways, Inc. | $1.8M | 1.2% | -80% | 64.9 |
| 40 |  $CMBT | CMB.TECH NV | $1.8M | 1.2% | -24% | — |
| 41 |  $GLD | SPDR GOLD TRUST | $1.8M | 1.2% | -38% | — |
| 42 |  $TNK | TEEKAY TANKERS LTD. | $1.7M | 1.1% | +2% | — |
| 43 |  $VAL | Valaris Ltd | $1.7M | 1.1% | -8% | — |
| 44 |  $LEN | LENNAR CORP /NEW/ | $1.6M | 1.1% | NEW | 49.2 |
| 45 |  $BLDR | Builders FirstSource, Inc. | $1.6M | 1.1% | NEW | 48.4 |
| 46 |  $BWACALL | BORGWARNER INC | $1.5M | — | NEW | 57.2 |
| 47 | $CMBTCALL | CMB.TECH NV | $1.4M | — | +124% | — |
| 48 | $DHT | DHT Holdings, Inc. | $1.4M | 0.9% | -49% | — |
| 49 | $HAFN | Hafnia Ltd | $1.3M | 0.8% | -59% | — |
| 50 |  $NVGS | Navigator Holdings Ltd. | $966,500 | 0.6% | NEW | — |
| 51 |  $KKR | KKR & Co. Inc. | $945,258 | 0.6% | +12% | 49.8 |
| 52 |  $MLM | MARTIN MARIETTA MATERIALS INC | $877,722 | 0.6% | +15% | 67.6 |
| 53 |  $HUT | Hut 8 Corp. | $804,178 | 0.5% | -77% | 31.4 |
| 54 |  $QXO | QXO, Inc. | $751,554 | 0.5% | NEW | 53.5 |
| 55 |  $HPP | Hudson Pacific Properties, Inc. | $702,847 | 0.5% | NEW | 30.5 |
| 56 |  $SEG | Seaport Entertainment Group Inc. | $693,804 | 0.5% | +0% | 13.3 |
| 57 |  $MT | ArcelorMittal | $669,918 | 0.5% | -13% | — |
| 58 |  $AMR | Alpha Metallurgical Resources, Inc. | $631,616 | 0.4% | -45% | 32 |
| 59 |  $CE | Celanese Corp | $611,661 | 0.4% | NEW | 38.3 |
| 60 |  $ECHO | EchoStar CORP | $579,028 | 0.4% | -42% | 29.5 |
| 61 |  $SHIP | Seanergy Maritime Holdings Corp. | $510,707 | 0.3% | NEW | 47.2 |
| 62 |  $OLN | OLIN Corp | $484,867 | 0.3% | -64% | 42.9 |
| 63 |  $BTU | PEABODY ENERGY CORP | $471,580 | 0.3% | -37% | 39.8 |
| 64 |  $WLK | WESTLAKE CORP | $444,150 | 0.3% | -68% | 34.6 |
| 65 |  $OC | Owens Corning | $388,510 | 0.3% | NEW | 47.3 |
| 66 |  $WH | WYNDHAM HOTELS & RESORTS, INC. | $377,476 | 0.3% | +15% | 61.4 |
| 67 |  $BRK.B | BERKSHIRE HATHAWAY INC | $340,232 | 0.2% | -10% | 64.5 |
| 68 |  $CLF | CLEVELAND-CLIFFS INC. | $334,730 | 0.2% | +39% | 35.7 |
| 69 |  $CZR | Caesars Entertainment, Inc. | $334,419 | 0.2% | -42% | 44.3 |
| 70 |  $LEN.B | LENNAR CORP /NEW/ | $312,674 | 0.2% | +16% | 49.2 |
| 71 |  $WFG | WEST FRASER TIMBER CO., LTD | $305,296 | 0.2% | -41% | — |
| 72 |  $TEN | TSAKOS ENERGY NAVIGATION LTD | $224,567 | 0.1% | -83% | — |
New Positions (20)
$QQQPUT INVESCO QQQ TRUST, SERIES 1$17.3M$TRMDCALL TORM plc$5.2M$DHTCALL DHT Holdings, Inc.$4.9M$DEI Douglas Emmett Inc$4.1M$CIFR Cipher Digital Inc.$2.6M$HAFNCALL Hafnia Ltd$2.3M$HSHP Himalaya Shipping Ltd.$2.2M$CLSK CLEANSPARK, INC.$2.2M$COMP Compass, Inc.$2.0M$FBIN Fortune Brands Innovations, Inc.$1.9M$METC Ramaco Resources, Inc.$1.8M$BLDR Builders FirstSource, Inc.$1.6M$BWACALL BORGWARNER INC$1.5M$NVGS Navigator Holdings Ltd.$966,500
Browse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
Available Analysis
13F Pro tracks comprehensive institutional data for Marnell Management LLC including:
Track Marnell Management LLC's Full Portfolio
See every holding, quarter-over-quarter changes, sector allocation, and accumulation patterns for Marnell Management LLC and 8,700+ other institutional investors.
Free tier includes full 13F search and fund profiles. Pro starts at $6.67/mo (billed annually).
AI-Powered Hedge Fund Analysis: Marnell Management LLC
13F Pro is an AI hedge fund tracker and stock research platform. For Marnell Management LLC (SEC CIK: 1852314), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Marnell Management LLC's portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.