Marnell Management LLC
Sector Allocation
- Industrials42.1%$82.8M
- Real Estate17.4%$34.3M
- Energy15.1%$29.7M
- Financials11.6%$22.9M
- Materials7.5%$14.8M
- Utilities3.5%$6.9M
- Communication Services1.8%$3.6M
- Consumer Discretionary0.7%$1.3M
- Technology0.2%$406,246
AUM History
13fpro.ai/research/fund/marnell-management-llc-1852314
Conviction and streaks
Diversifying · top 10 = 39.7%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
SBLK
$12.9MCNR
$10.3MDHT
$9.0MWULF
$8.0MTRMD
$6.9MTDW
$6.6MHCC
$6.5MVNO
$6.1MGTX
$5.9MFCNCA
$5.9MDEI
$5.9MJBGS
$5.6MTLN
$5.6MCOMP
$5.2MECO
$4.8MNMM
$4.7MALX
$4.7MCMBT
$4.4MSHW
$4.3MBORR
$3.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/marnell-management-llc-1852314
Marnell Management LLC 13F holdings — Q2 2026
$260.4M portfolio (-9.4% QoQ) · 69 holdings · Q2 2026 13F · top 10 are 40% of the stock portfolio
Includes $63.7M of put/call options ($58.9M puts, $4.8M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $196.6M. Weights use the stock portfolio.
$12.9M
6.5% of stocks
+20%This quarter+0.3%Since filed3+ qtrsHeld$10.3M
5.2% of stocks
+74%This quarter-2.8%Since filed3+ qtrsHeld$9.0M
4.5% of stocks
+618%This quarter+25.7%Since filed3+ qtrsHeld$8.0M
4.1% of stocks
-53%This quarter-22.4%Since filed3+ qtrsHeld$6.9M
3.5% of stocks
+6%This quarter+37.5%Since filed3+ qtrsHeld$6.6M
3.3% of stocks
+79%This quarter-6.5%Since filed3+ qtrsHeld$6.5M
3.3% of stocks
+42%This quarter-7.5%Since filed3+ qtrsHeld$6.1M
3.1% of stocks
+10%This quarter-13.5%Since filed3+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$5.9M
3.0% of stocks
-10%This quarter-23.3%Since filed3+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$5.9M
3.0% of stocks
+13%This quarter+3.9%Since filed3+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row
All holdings — Marnell Management LLC (Q2 2026)
69 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | INVESCO QQQ TRUST, SERIES 1 | — | $58.9M | — | 80K | +167% | — | — | 13F | |
| 12 | Douglas Emmett Inc | Real Estate | $5.9M | 3.0% | 497K | +14% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | JBG SMITH Properties | Real Estate | $5.6M | 2.9% | 382K | -16% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Talen Energy Corp | Utilities | $5.6M | 2.8% | 15K | +10% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Compass, Inc. | Real Estate | $5.2M | 2.6% | 423K | +56% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Okeanis Eco Tankers Corp. | Industrials | $4.8M | 2.5% | 96K | +81% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Navios Maritime Partners L.P.lp unit | Industrials | $4.7M | 2.4% | 68K | +17% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | ALEXANDERS INC | Real Estate | $4.7M | 2.4% | 17K | +7% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | CMB.TECH NV | Industrials | $4.4M | 2.2% | 311K | +121% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | SHERWIN WILLIAMS CO | Materials | $4.3M | 2.2% | 13K | +35% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Borr Drilling Ltd | Energy | $3.8M | 1.9% | 923K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | NexPoint Residential Trust, Inc. | Real Estate | $3.7M | 1.9% | 131K | -3% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Transocean Ltd. | Energy | $3.6M | 1.8% | 740K | +118% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | EchoStar CORP | Communication Services | $3.6M | 1.8% | 35K | +615% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | EAGLE MATERIALS INC | Materials | $3.4M | 1.7% | 15K | +26% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $ASC | Ardmore Shipping Corp | Industrials | $3.3M | 1.7% | 236K | -21% | |||
| 27 | $CENX | CENTURY ALUMINUM CO | Materials | $3.3M | 1.7% | 72K | +58% | |||
| 28 | $HSHP | Himalaya Shipping Ltd. | Industrials | $2.9M | 1.5% | 217K | +32% | |||
| 29 | $TNK | TEEKAY TANKERS LTD. | Industrials | $2.9M | 1.5% | 44K | +88% | |||
| 30 | $FRO | Frontline plc | Industrials | $2.8M | 1.4% | 81K | +37% | |||
| 31 | $LEN | LENNAR CORP /NEW/ | Industrials | $2.5M | 1.3% | 27K | +43% | |||
| 32 | $INSW | International Seaways, Inc. | Industrials | $2.4M | 1.2% | 32K | +30% | |||
| 33 | $FBIN | Fortune Brands Innovations, Inc. | Industrials | $2.4M | 1.2% | 45K | -7% | |||
| 34 | $NVGS | Navigator Holdings Ltd. | Industrials | $1.9M | 0.9% | 100K | +99% | |||
| 35 | $BWA CALL | BORGWARNER INC | Industrials | $1.8M | — | 28K | — | |||
| 36 | $STNG | Scorpio Tankers Inc. | Industrials | $1.7M | 0.9% | 25K | -6% | |||
| 37 | $METC | Ramaco Resources, Inc. | Energy | $1.6M | 0.8% | 122K | +4% | |||
| 38 | $HPP | Hudson Pacific Properties, Inc. | Real Estate | $1.6M | 0.8% | 102K | -14% | |||
| 39 | $MLM | MARTIN MARIETTA MATERIALS INC | Materials | $1.5M | 0.8% | 2,651 | +78% | |||
| 40 | $ECHO CALL | EchoStar CORP | Communication Services | $1.5M | — | 15K | New | |||
| 41 | $GLD | SPDR GOLD TRUST | Financials | $1.5M | 0.8% | 4,121 | — | |||
| 42 | $HUT | Hut 8 Corp. | Financials | $1.5M | 0.8% | 13K | -24% | |||
| 43 | $CORZ | Core Scientific, Inc./tx | Financials | $1.5M | 0.8% | 59K | -65% | |||
| 44 | $GLXY | Galaxy Digital Inc. | Financials | $1.5M | 0.8% | 54K | New | |||
| 45 | $HAFN CALL | Hafnia Ltd | Industrials | $1.4M | — | 214K | -29% | |||
| 46 | $VAL | Valaris Ltd | Energy | $1.4M | 0.7% | 19K | +12% | |||
| 47 | $VST | Vistra Corp. | Utilities | $1.4M | 0.7% | 8,542 | New | |||
| 48 | $AMR | Alpha Metallurgical Resources, Inc. | Energy | $1.3M | 0.7% | 7,817 | +154% | |||
| 49 | $BTU | PEABODY ENERGY CORP | Energy | $1.2M | 0.6% | 53K | +272% | |||
| 50 | $KKR | KKR & Co. Inc. | Financials | $1.2M | 0.6% | 13K | +27% | |||
| 51 | $CIFR | Cipher Digital Inc. | Financials | $1.2M | 0.6% | 48K | -77% | |||
| 52 | $NVR | NVR INC | Industrials | $1.1M | 0.6% | 162 | New | |||
| 53 | $SHIP | Seanergy Maritime Holdings Corp. | Industrials | $1.1M | 0.5% | 79K | +99% | |||
| 54 | $GNK | GENCO SHIPPING & TRADING LTD | Industrials | $947K | 0.5% | 38K | -56% | |||
| 55 | $BLDR | Builders FirstSource, Inc. | Industrials | $928K | 0.5% | 10K | -48% | |||
| 56 | $QXO | QXO, Inc. | Consumer Discretionary | $917K | 0.5% | 53K | +37% | |||
| 57 | $OPI | OFFICE PROPERTIES INCOME TRUST | Real Estate | $865K | 0.4% | 51K | New | |||
| 58 | $MT | ArcelorMittal | Materials | $734K | 0.4% | 12K | -5% | |||
| 59 | $FRMI | Fermi Inc. | Real Estate | $659K | 0.3% | 72K | New | |||
| 60 | $OC | Owens Corning | Materials | $571K | 0.3% | 3,590 | — | |||
| 61 | $WLK | WESTLAKE CORP | Materials | $540K | 0.3% | 7,402 | +95% | |||
| 62 | $NBIS | Nebius Group N.V. | Technology | $406K | 0.2% | 1,471 | -94% | |||
| 63 | $WH | WYNDHAM HOTELS & RESORTS, INC. | Consumer Discretionary | $391K | 0.2% | 4,647 | — | |||
| 64 | $CLF | CLEVELAND-CLIFFS INC. | Materials | $372K | 0.2% | 40K | — | |||
| 65 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $355K | 0.2% | 710 | — | |||
| 66 | $LEN.B | LENNAR CORP /NEW/ | Industrials | $330K | 0.2% | 3,717 | — | |||
| 67 | $HAFN | Hafnia Ltd | Industrials | $257K | 0.1% | 39K | -77% | |||
| 68 | $TEN | TSAKOS ENERGY NAVIGATION LTD | Industrials | $253K | 0.1% | 7,158 | +26% | |||
| 69 | $CLSK | CLEANSPARK, INC. | Financials | $238K | 0.1% | 16K | -94% |
What changed in Q2 2026
Against the previous quarter's 13F: 7 new, 37 added to, 18 trimmed, 10 sold out. Share-count changes; largest moves by dollar size first.
New positions (7)
first bought this quarter
$ECHOCALLEchoStar CORP$1.5M
first bought this quarter
$GLXYGalaxy Digital Inc.$1.5M
first bought this quarter
$VSTVistra Corp.$1.4M
first bought this quarter
$NVRNVR INC$1.1M
first bought this quarter
$OPIOFFICE PROPERTIES INCOME TRUST$865K
first bought this quarter
+1 more in the Excel export
Added to (37)
$QQQPUTINVESCO QQQ TRUST, SERIES 1+167%
now $58.9M
now $9.0M · held 3+ qtrs
now $10.3M · held 3+ qtrs, 2 adds in a row
now $3.6M · held 3+ qtrs
now $6.6M · held 3+ qtrs
now $4.4M · held 3+ qtrs
+31 more in the Excel export
Trimmed (18)
now $8.0M · held 3+ qtrs
$NBISNebius Group N.V.-94%
now $406K · held 3+ qtrs, 2 trims in a row
$CIFRCipher Digital Inc.-77%
now $1.2M · held 2 qtrs
$CLSKCLEANSPARK, INC.-94%
now $238K · held 2 qtrs
$CORZCore Scientific, Inc./tx-65%
now $1.5M · held 3+ qtrs, 2 trims in a row
$GNKGENCO SHIPPING & TRADING LTD-56%
now $947K · held 3+ qtrs, 2 trims in a row
+12 more in the Excel export
Holdings by quarter
Every 13F Marnell Management LLC has filed, 2 earlier quarters. Pick one to see what it held then.
Is it too late to follow Marnell Management?
Q2 2026 13F filed with the SEC on Aug 13, 2026. Prices are closing prices as of Oct 27, 2026.
Average quality of Marnell Management's top 20 holdings: 54/100 (our AI quality score, weighted by position size; 15 of the 20 are scored)
Top 10 since filing
-0.1%
Value-weighted move of the 10 largest stock positions
Turnover
20%
Last quarter
Top 10 weight
40%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Marnell Management LLC disclosed 69 positions worth $260.4M in its Form 13F-HR for Q2 2026 — $196.6M in common stock plus $63.7M of put/call option positions (reported at underlying notional value, not premium at risk), led by $SBLK (Star Bulk Carriers Corp.) at 6.5% of the equity portfolio, followed by $CNR and $DHT. During the quarter the fund opened 7 new positions and exited 10 — including a new stake in $BORR and a full exit from $SPY. The portfolio is most concentrated in Industrials (42.1% of disclosed assets). All figures are sourced directly from Marnell Management LLC’s Form 13F-HR filing with the SEC under CIK 1852314.
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