Marnell Management LLC — 13F Holdings & Portfolio
CIK 1852314 · latest 13F-HR filed 2026-05-14
Marnell Management LLC manages $287.5M in 13F-reported U.S. long-equity assets across 72 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SPY (29.40%), HYG (6.92%), QQQ (6.02%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 15 new positions, exited 8, added to 17, and trimmed 25.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$287.5M
Long-equity book
72
Distinct positions
2026-03-31
Filed 2026-05-14
+15 / −8 / ↑17 / ↓25
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- TERAWULF INC$3.4M +52.4%
- VORNADO RLTY TR$3.3M +790.9%
- STAR BULK CARRIERS CORP.$2.9M +42.4%
- OKEANIS ECO TANKERS COR$2.4M +888.1%
- TORM PLC$2.1M +43.6%
Top Trims
- INTERNATIONAL SEAWAYS INC-$4.2M -70.2%
- GENCO SHIPPING & TRADING LTD-$3.2M -62.6%
- HUT 8 CORP-$2.7M -76.9%
- NEXPOINT RESIDENTIAL TR INC-$1.8M -35.1%
- CENTURY ALUM CO-$1.5M -36.6%
New Positions
- DOUGLAS EMMETT INC$4.1M
- CIPHER DIGITAL INC$2.6M
- HIMALAYA SHIPPING LTD$2.2M
- CLEANSPARK INC$2.2M
- COMPASS INC$2.0M
Exited Positions
- NET LEASE OFFICE PROPERTIES$1.8M
- DANAOS CORPORATION$670.5K
- AIR LEASE CORP$583.1K
- FRANCO NEV CORP$497.5K
- VALE S A$336.2K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $84.5M | 29.40% | 130,000 | SH |
| 2 | ISHARES TR Put | HYG | 464288513 | $19.9M | 6.92% | 250,000 | SH |
| 3 | INVESCO QQQ TR Put | QQQ | 46090E103 | $17.3M | 6.02% | 30,000 | SH |
| 4 | TERAWULF INC | WULF | 88080T104 | $9.9M | 3.45% | 686,762 | SH |
| 5 | STAR BULK CARRIERS CORP. | SBLK | Y8162K204 | $9.9M | 3.44% | 430,282 | SH |
| 6 | CORE NATURAL RESOURCES INC | CNR | 218937100 | $7.7M | 2.69% | 73,984 | SH |
| 7 | TORM PLC | TRMD | G89479102 | $6.9M | 2.40% | 247,762 | SH |
| 8 | JBG SMITH PPTYS | JBGS | 46590V100 | $6.6M | 2.30% | 451,873 | SH |
| 9 | WARRIOR MET COAL INC | HCC | 93627C101 | $5.2M | 1.81% | 55,913 | SH |
| 10 | TORM PLC Call | TRMD | G89479102 | $5.2M | 1.80% | 185,400 | SH |
| 11 | DHT HOLDINGS INC Call | DHT | Y2065G121 | $4.9M | 1.72% | 270,000 | SH |
| 12 | FIRST CTZNS BANCSHARES INC D | FCNCA | 31946M103 | $4.7M | 1.64% | 2,499 | SH |
| 13 | TIDEWATER INC NEW | TDW | 88642R109 | $4.6M | 1.60% | 55,120 | SH |
| 14 | ARDMORE SHIPPING CORP | ASC | Y0207T100 | $4.6M | 1.59% | 299,357 | SH |
| 15 | TALEN ENERGY CORP | TLN | 87422Q109 | $4.2M | 1.47% | 13,264 | SH |
| 16 | DOUGLAS EMMETT INC | DEI | 25960P109 | $4.1M | 1.43% | 436,290 | SH |
| 17 | NAVIOS MARITIME PARTNERS LP | NMM | Y62267409 | $3.9M | 1.35% | 57,682 | SH |
| 18 | ALEXANDERS INC | ALX | 014752109 | $3.7M | 1.30% | 15,841 | SH |
| 19 | VORNADO RLTY TR | VNO | 929042109 | $3.7M | 1.29% | 142,592 | SH |
| 20 | NEXPOINT RESIDENTIAL TR INC | NXRT | 65341D102 | $3.4M | 1.18% | 135,606 | SH |
| 21 | GARRETT MOTION INC | GTX | 366505105 | $3.3M | 1.15% | 181,863 | SH |
| 22 | SHERWIN WILLIAMS CO | SHW | 824348106 | $3.0M | 1.04% | 9,336 | SH |
| 23 | OKEANIS ECO TANKERS COR | ECO | Y64177101 | $2.7M | 0.94% | 53,253 | SH |
| 24 | CENTURY ALUM CO | CENX | 156431108 | $2.7M | 0.92% | 45,298 | SH |
| 25 | CIPHER DIGITAL INC | CIFR | 17253J106 | $2.6M | 0.92% | 205,900 | SH |
| 26 | CORE SCIENTIFIC INC NEW | CORZ | 21874A106 | $2.6M | 0.89% | 170,476 | SH |
| 27 | NEBIUS GROUP N.V. | NBIS | N97284108 | $2.4M | 0.84% | 23,358 | SH |
| 28 | HAFNIA LTD Call | HAFN | Y2990R101 | $2.3M | 0.79% | 299,900 | SH |
| 29 | EAGLE MATLS INC | EXP | 26969P108 | $2.3M | 0.79% | 11,939 | SH |
| 30 | TRANSOCEAN LTD | RIG | H8817H100 | $2.2M | 0.78% | 339,253 | SH |
| 31 | HIMALAYA SHIPPING LTD | HSHP | G4660A103 | $2.2M | 0.76% | 164,032 | SH |
| 32 | CLEANSPARK INC | CLSK | 18452B209 | $2.2M | 0.75% | 254,376 | SH |
| 33 | FRONTLINE PLC | FRO | M46528101 | $2.1M | 0.72% | 59,287 | SH |
| 34 | COMPASS INC | COMP | 20464U100 | $2.0M | 0.69% | 271,779 | SH |
| 35 | SCORPIO TANKERS INC | STNG | Y7542C130 | $2.0M | 0.68% | 26,333 | SH |
| 36 | GENCO SHIPPING & TRADING LTD | GNK | Y2685T131 | $1.9M | 0.67% | 86,023 | SH |
| 37 | FORTUNE BRANDS INNOVATIONS I | FBIN | 34964C106 | $1.9M | 0.65% | 48,100 | SH |
| 38 | RAMACO RES INC | METC | 75134P600 | $1.8M | 0.63% | 117,665 | SH |
| 39 | INTERNATIONAL SEAWAYS INC | INSW | Y41053102 | $1.8M | 0.62% | 24,597 | SH |
| 40 | CMB.TECH NV | CMBT | B38564108 | $1.8M | 0.62% | 140,594 | SH |
| 41 | SPDR GOLD TR | GLD | 78463V107 | $1.8M | 0.62% | 4,121 | SH |
| 42 | TEEKAY TANKERS LTD | TNK | G8726X106 | $1.7M | 0.60% | 23,567 | SH |
| 43 | VALARIS LTD | VAL | G9460G101 | $1.7M | 0.58% | 17,075 | SH |
| 44 | LENNAR CORP | LEN | 526057104 | $1.6M | 0.57% | 19,000 | SH |
| 45 | BUILDERS FIRSTSOURCE INC | BLDR | 12008R107 | $1.6M | 0.57% | 19,772 | SH |
| 46 | BORGWARNER INC Call | BWA | 099724106 | $1.5M | 0.52% | 27,800 | SH |
| 47 | CMB.TECH NV Call | CMBT | B38564108 | $1.4M | 0.50% | 114,600 | SH |
| 48 | DHT HOLDINGS INC | DHT | Y2065G121 | $1.4M | 0.48% | 75,434 | SH |
| 49 | HAFNIA LTD | HAFN | Y2990R101 | $1.3M | 0.44% | 165,245 | SH |
| 50 | NAVIGATOR HLDGS LTD | NVGS | Y62132108 | $966.5K | 0.34% | 50,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-14 | $287.5M | 72 | 0001852314-26-000003 |
| 2025-12-31 | 2026-02-13 | $206.1M | 62 | 0001852314-26-000002 |