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Portfolio (Quarterly) Guide ↗

Marnell Management LLC

· CIK 0001852314
13F Portfolio $288M AUM 72 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 21 New 21 Added 29 Reduced 11 Exited
Page 1 of 2  ·  21 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 SPY PUT STATE STR SPDR S&P 500 ETF T Financial Services 130,000.0 $84.5M 29.41% +30K +30.0% $650.34 +15.1%
2 WULF TERAWULF INC Financial Services 686,762.0 $9.9M 3.45% +121K +21.4% $14.43 +72.2%
3 SBLK STAR BULK CARRIERS CORP. Industrials 430,282.0 $9.9M 3.44% +69K +19.1% $22.97 +19.0%
4 CNR CORE NATURAL RESOURCES INC Energy 73,984.0 $7.7M 2.69% +6K +8.6% $104.73 -15.8%
5 TRMD TORM PLC Energy 247,762.0 $6.9M 2.40% +2K +0.8% $27.90 +9.9%
6 JBGS JBG SMITH PPTYS Real Estate 451,873.0 $6.6M 2.30% +66K +17.2% $14.61 -0.2%
7 FCNCA FIRST CTZNS BANCSHARES INC D Financial Services 2,499.0 $4.7M 1.64% +394.0 +18.7% $1884.66 +6.0%
8 TLN TALEN ENERGY CORP Utilities 13,264.0 $4.2M 1.47% +8K +130.3% $319.23 +22.1%
9 ALX ALEXANDERS INC Real Estate 15,841.0 $3.7M 1.30% +4K +31.6% $236.20 +5.2%
10 VNO VORNADO RLTY TR Real Estate 142,592.0 $3.7M 1.29% +130K +1040.7% $25.99 +25.8%
11 SHW SHERWIN WILLIAMS CO Basic Materials 9,336.0 $3.0M 1.04% +472.0 +5.3% $320.55 -3.0%
12 OKEANIS ECO TANKERS COR 53,253.0 $2.7M 0.94% +45K +561.0% $50.59
13 EXP EAGLE MATLS INC Basic Materials 11,939.0 $2.3M 0.79% +3K +31.9% $189.45 +8.4%
14 RIG TRANSOCEAN LTD Energy 339,253.0 $2.2M 0.78% +49K +17.0% $6.63 -2.1%
15 TNK TEEKAY TANKERS LTD Energy 23,567.0 $1.7M 0.60% +494.0 +2.1% $73.32 +2.0%
16 CALL CMB.TECH NV 114,600.0 $1.4M 0.50% +63K +123.8% $12.65
17 KKR KKR & CO INC Financial Services 10,219.0 $945K 0.33% +1K +12.3% $92.50 +1.9%
18 MLM MARTIN MARIETTA MATLS INC Basic Materials 1,491.0 $878K 0.30% +196.0 +15.1% $588.68 -5.2%
19 WH WYNDHAM HOTELS & RESORTS INC Consumer Cyclical 4,647.0 $377K 0.13% +600.0 +14.8% $81.23 -1.0%
20 CLF CLEVELAND-CLIFFS INC NEW Basic Materials 39,613.0 $335K 0.12% +11K +38.9% $8.45 +40.1%
Page 1 of 2  ·  21 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Energy 28.8%
Industrials 19.2%
Real Estate 16.3%
Financial Services 14.6%
Basic Materials 8.5%
Technology 5.3%
Consumer Cyclical 4.1%
Utilities 3.1%