CIK: 0001852314
Total reported value
$287.5M
Reporting period: 2026-03-31 · Number of holdings: 72
Marnell Management LLC disclosed 72 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $287.5M and a quarterly turnover rate of 57.6%.
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Marnell Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.105 — mathematically equivalent to about 10 equally-sized positions, well below its 72 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.49), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 27% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim SPY
+30.0% $16.4M
Trim INSW
-80.1% -$4.2M
Trim SBLK
-26.3% -$1.3M
Trim GNK
-69.9% -$3.3M
Add TRMD
+76.2% $7.3M
Trim HUT
-77.4% -$2.7M
Showing top 68 holdings (of 72 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 29.40% | -3.68% | +30.00% | |
| 2 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 6.92% | +6.92% | NEW | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 6.02% | +6.02% | NEW | |
| 4 | TRMD | TORM plc | Stock-Other | 4.20% | +1.86% | +76.15% | |
| 5 | WULF | Terawulf INC | Stock-Financials | 3.45% | +0.30% | +21.35% | |
| 6 | SBLK | Star Bulk Carriers Corp. | Stock-Other | 3.44% | -2.01% | -26.33% | |
| 7 | CNR | Core Natural Resources INC | Stock-Energy | 2.69% | -0.24% | +8.57% | |
| 8 | JBGS | Jbg Smith Properties | Stock-Other | 2.30% | — | +17.23% | |
| 9 | DHT | DHT Holdings, Inc. | Stock-Other | 2.20% | +1.32% | +135.32% | |
| 10 | HCC | Warrior Met Coal INC | Stock-Materials | 1.81% | -1.36% | -24.63% | |
| 11 | FCNCA | First Citizens Bcshs -cl A | Stock-Financials | 1.64% | — | +18.72% | |
| 12 | TDW | Tidewater INC | Stock-Energy | 1.60% | — | -38.45% | |
| 13 | ASC | Ardmore Shipping Corporation | Stock-Other | 1.59% | -0.29% | -18.24% | |
| 14 | TLN | Talen Energy CORP | Stock-Utilities | 1.47% | +0.42% | +130.28% | |
| 15 | DEI | Douglas Emmett INC | Stock-Other | 1.43% | +1.43% | NEW | |
| 16 | NMM | Navios Maritime Partners L.P. | Stock-Other | 1.35% | -1.09% | -39.84% | |
| 17 | ALX | Alexander's INC | Stock-Other | 1.30% | +0.03% | +31.57% | |
| 18 | VNO | Vornado Realty Trust | Stock-Real Estate | 1.29% | +1.09% | +1040.74% | |
| 19 | HAFN | Hafnia Limited | Stock-Other | 1.23% | +0.18% | +15.05% | |
| 20 | NXRT | Nexpoint Residential | Stock-Other | 1.18% | -1.35% | -21.81% | |
| 21 | GTX | Garrett Motion INC | Stock-Consumer Disc | 1.15% | -0.76% | -19.52% | |
| 22 | ✓ | Cmb Tech NV | Stock-Other | 1.12% | +0.02% | +8.38% | |
| 23 | SHW | Sherwin-williams Co/the | Stock-Materials | 1.04% | — | +5.32% | |
| 24 | ECO | Okeanis Eco Tankers Corp. | Stock-Other | 0.94% | +0.81% | +560.95% | |
| 25 | CENX | Century Aluminum Company | Stock-Materials | 0.92% | -1.11% | -57.69% | |
| 26 | CIFR | Cipher Digital INC | Stock-Tech | 0.92% | +0.92% | NEW | |
| 27 | CORZ | Core Scientific INC | Stock-Tech | 0.89% | -0.68% | -23.16% | |
| 28 | NBIS | Nebius Group NV | Stock-Other | 0.84% | -0.96% | -47.24% | |
| 29 | EXP | Eagle Materials INC | Stock-Materials | 0.79% | — | +31.92% | |
| 30 | RIG | Transocean Ltd. | Stock-Energy | 0.78% | +0.20% | +17.03% | |
| 31 | ✓ | Himalaya Shipping LTD | Stock-Other | 0.76% | +0.76% | NEW | |
| 32 | CLSK | Cleanspark INC | Stock-Financials | 0.75% | +0.75% | NEW | |
| 33 | FRO | Frontline plc | Stock-Other | 0.72% | — | -45.77% | |
| 34 | COMP | Compass INC - Class A | Stock-Real Estate | 0.69% | +0.69% | NEW | |
| 35 | STNG | Scorpio Tankers Inc. | Stock-Other | 0.68% | -0.01% | -6.10% | |
| 36 | GNK | Genco Shipping & Trading Limited | Stock-Other | 0.67% | -1.88% | -69.87% | |
| 37 | FBIN | Fortune Brands Innovations I | Stock-Industrials | 0.65% | +0.65% | NEW | |
| 38 | METC | Ramaco Resources Inc-a | Stock-Other | 0.63% | +0.63% | NEW | |
| 39 | INSW | International Seaways, Inc. | Stock-Other | 0.62% | -2.30% | -80.14% | |
| 40 | GLD | Spdr Gold Shares | ETF-Commodities | 0.62% | -0.67% | -38.49% | |
| 41 | TNK | Teekay Tankers Ltd. | Stock-Other | 0.60% | — | +2.14% | |
| 42 | VAL | Valaris Limited | Stock-Energy | 0.58% | +0.12% | -8.43% | |
| 43 | LEN | Lennar Corp-a | Stock-Consumer Disc | 0.57% | +0.57% | NEW | |
| 44 | BLDR | Builders Firstsource INC | Stock-Industrials | 0.57% | +0.57% | NEW | |
| 45 | BWA | Borgwarner INC | Stock-Consumer Disc | 0.52% | +0.52% | NEW | |
| 46 | NVGS | Navigator Holdings Ltd. | Stock-Other | 0.34% | +0.34% | NEW | |
| 47 | KKR | Kkr & Co INC | Stock-Financials | 0.33% | — | +12.30% | |
| 48 | MLM | Martin Marietta Materials | Stock-Materials | 0.31% | — | +15.14% | |
| 49 | HUT | Hut 8 CORP | Stock-Financials | 0.28% | -1.41% | -77.43% | |
| 50 | QXO | Qxo INC | Stock-Industrials | 0.26% | +0.26% | NEW |
Performance for Q3 2026
-0.3%
Performance Last 4 Quarters
+7.2%
Based on 5 months of available history
Based on 83% of reported portfolio value with available pricing
Marnell Management LLC's most significant position changes for 2026-03-31: New buy: Ishr Ibx Usd Hiyld Cb Etf-ui (HYG); New buy: Invesco Qqq Trust Series 1 (QQQ); New buy: Douglas Emmett INC (DEI); New buy: Cipher Digital INC (CIFR); New buy: Himalaya Shipping LTD.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TRMD | TORM plc | +1.9% | +76.15% | Add |
| 2 | DHT | DHT Holdings, Inc. | +1.3% | +135.32% | Add |
| 3 | VNO | Vornado Realty Trust | +1.1% | +1040.74% | Add |
| 4 | ECO | Okeanis Eco Tankers Corp. | +0.8% | +560.95% | Add |
| 5 | TLN | Talen Energy CORP | +0.4% | +130.28% | Add |
| 6 | WULF | Terawulf INC | +0.3% | +21.35% | Add |
| 7 | RIG | Transocean Ltd. | +0.2% | +17.03% | Add |
| 8 | HAFN | Hafnia Limited | +0.2% | +15.05% | Add |
| 9 | VAL | Valaris Limited | +0.1% | -8.43% | Trim |
| 10 | ALX | Alexander's INC | 0% | +31.57% | Add |
| 11 | ✓ | Cmb Tech NV | 0% | +8.38% | Add |
| 12 | STNG | Scorpio Tankers Inc. | 0% | -6.10% | Trim |
| 13 | CNR | Core Natural Resources INC | -0.2% | +8.57% | Add |
| 14 | ASC | Ardmore Shipping Corporation | -0.3% | -18.24% | Trim |
| 15 | TEN | Tsakos Energy Navigation Limited | -0.3% | -83.26% | Trim |
| 16 | GLD | Spdr Gold Shares | -0.7% | -38.49% | Trim |
| 17 | CORZ | Core Scientific INC | -0.7% | -23.16% | Trim |
| 18 | GTX | Garrett Motion INC | -0.8% | -19.52% | Trim |
| 19 | NBIS | Nebius Group NV | -1% | -47.24% | Trim |
| 20 | NMM | Navios Maritime Partners L.P. | -1.1% | -39.84% | Trim |
| 21 | CENX | Century Aluminum Company | -1.1% | -57.69% | Trim |
| 22 | NXRT | Nexpoint Residential | -1.4% | -21.81% | Trim |
| 23 | HCC | Warrior Met Coal INC | -1.4% | -24.63% | Trim |
| 24 | HUT | Hut 8 CORP | -1.4% | -77.43% | Trim |
| 25 | GNK | Genco Shipping & Trading Limited | -1.9% | -69.87% | Trim |
| 26 | SBLK | Star Bulk Carriers Corp. | -2% | -26.33% | Trim |
| 27 | INSW | International Seaways, Inc. | -2.3% | -80.14% | Trim |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | -3.7% | +30.00% | Add |
| 29 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | — | NEW | New buy |
| 30 | QQQ | Invesco Qqq Trust Series 1 | — | NEW | New buy |
| 31 | DEI | Douglas Emmett INC | — | NEW | New buy |
| 32 | CIFR | Cipher Digital INC | — | NEW | New buy |
| 33 | ✓ | Himalaya Shipping LTD | — | NEW | New buy |
| 34 | CLSK | Cleanspark INC | — | NEW | New buy |
| 35 | COMP | Compass INC - Class A | — | NEW | New buy |
| 36 | FBIN | Fortune Brands Innovations I | — | NEW | New buy |
| 37 | METC | Ramaco Resources Inc-a | — | NEW | New buy |
| 38 | NLOP | Net Lease Office Property | — | EXIT | Sold out |
| 39 | LEN | Lennar Corp-a | — | NEW | New buy |
| 40 | NUE | Nucor CORP | — | EXIT | Sold out |
| 41 | BLDR | Builders Firstsource INC | — | NEW | New buy |
| 42 | BWA | Borgwarner INC | — | NEW | New buy |
| 43 | NVGS | Navigator Holdings Ltd. | — | NEW | New buy |
| 44 | QXO | Qxo INC | — | NEW | New buy |
| 45 | HPP | Hudson Pacific Properties In | — | NEW | New buy |
| 46 | DAC | Danaos Corporation | — | EXIT | Sold out |
| 47 | CE | Celanese CORP | — | NEW | New buy |
| 48 | AL | Air Lease CORP | — | EXIT | Sold out |
| 49 | ✓ | Seanergy Maritime Hldgs CORP | — | NEW | New buy |
| 50 | FNV | Franco-nevada CORP | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
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