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MM
Marnell Management Portfolio holdings
AUM
$260M
This Fund
S&P 500
This Quarter
Est. Return
+12.45%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$260M
AUM Growth
-$27.2M
(-9.4%)
Cap. Flow
+$29.3M
Cap. Flow
% of AUM
11.26%
Top 10 Holdings %
Top 10 Hldgs %
50.32%
Holding
79
New
7
Increased
37
Reduced
18
Closed
10
Avg Time Held Equity + Options
1.6
quarters
Top 10 Avg Time Held Equity + Options
1
quarter
Top 20 Avg Time Held Equity + Options
1.2
quarters
Avg Time Held Equity only
1.6
quarters
Top 10 Avg Time Held Equity only
1.2
quarters
Top 20 Avg Time Held Equity only
1.4
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DHT Holdings
DHT
|
+$8.33M |
| 2 |
BORR
Borr Drilling
BORR
|
+$4.98M |
| 3 |
CNR
Core Natural Resources Inc
CNR
|
+$4.86M |
| 4 |
ECHO
EchoStar
ECHO
|
+$3.72M |
| 5 |
Tidewater
TDW
|
+$3.44M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TeraWulf
WULF
|
+$8.32M |
| 2 |
NBIS
Nebius Group N.V.
NBIS
|
+$4.33M |
| 3 |
CleanSpark
CLSK
|
+$3.36M |
| 4 |
Cipher Digital
CIFR
|
+$3.34M |
| 5 |
Core Scientific
CORZ
|
+$2.63M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 25.05% |
| 2 | Energy | 22.68% |
| 3 | Industrials | 13.74% |
| 4 | Real Estate | 13.16% |
| 5 | Materials | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
51
Cipher Digital
CIFR
$5.61B
| $1.17M | 0.45% |
47,715
-158,185
| -77% | -$3.34M |
2026 Q1
1 quarter
|
|
52
NVR
NVR
$15.7B
| $1.1M | 0.42% |
+162
| New | +$1.03M |
2026 Q2
0 quarters
|
|
53
Seanergy Maritime Holdings
SHIP
$371M
| $1.06M | 0.41% |
78,605
+39,046
| +99% | +$588K |
2026 Q1
1 quarter
|
|
54
Genco Shipping & Trading
GNK
$1.16B
| $947K | 0.36% |
38,213
-47,810
| -56% | -$1.15M |
2025 Q4
2 quarters
|
|
55
Builders FirstSource
BLDR
$5.69B
| $928K | 0.36% |
10,372
-9,400
| -48% | -$751K |
2026 Q1
1 quarter
|
|
|
QXO
56
QXO Inc
QXO
$11.2B
| $917K | 0.35% |
53,092
+14,392
| +37% | +$268K |
2026 Q1
1 quarter
|
|
|
OPI
57
Office Properties Income Trust
OPI
$341M
| $865K | 0.33% |
+50,892
| New | +$880K |
2026 Q2
0 quarters
|
|
58
ArcelorMittal
MT
$48.2B
| $734K | 0.28% |
12,188
-700
| -5% | -$43.8K |
2025 Q4
2 quarters
|
|
|
FRMI
59
Fermi Inc
FRMI
$2.2B
| $659K | 0.25% |
+71,965
| New | +$455K |
2026 Q2
0 quarters
|
|
60
Owens Corning
OC
$9.02B
| $571K | 0.22% |
3,590
| – | – |
2026 Q1
1 quarter
|
|
61
Westlake Corp
WLK
$7.96B
| $540K | 0.21% |
7,402
+3,600
| +95% | +$352K |
2025 Q4
2 quarters
|
|
|
NBIS
62
Nebius Group N.V.
NBIS
$60.1B
| $406K | 0.16% |
1,471
-21,887
| -94% | -$4.33M |
2025 Q4
2 quarters
|
|
63
Wyndham Hotels & Resorts
WH
$5.5B
| $391K | 0.15% |
4,647
| – | – |
2025 Q4
2 quarters
|
|
64
Cleveland-Cliffs
CLF
$7.41B
| $372K | 0.14% |
39,613
| – | – |
2025 Q4
2 quarters
|
|
65
Berkshire Hathaway Class B
BRK.B
$1.1T
| $355K | 0.14% |
710
| – | – |
2025 Q4
2 quarters
|
|
66
Lennar Class B
LEN.B
$18.1B
| $330K | 0.13% |
3,717
| – | – |
2025 Q4
2 quarters
|
|
67
Hafnia
HAFN
$5.74B
| $257K | 0.1% |
38,760
-126,485
| -77% | -$1.02M |
2025 Q4
2 quarters
|
|
|
TEN
68
Tsakos Energy Navigation Ltd
TEN
$1.55B
| $253K | 0.1% |
7,158
+1,467
| +26% | +$58.4K |
2025 Q4
2 quarters
|
|
|
69
CleanSpark
CLSK
$2.69B
| $238K | 0.09% |
16,346
-238,030
| -94% | -$3.36M |
2026 Q1
1 quarter
|
|
70
Celanese
CE
$4.94B
| – | – |
-9,300
| Closed | -$612K | – |
|
71
Caesars Entertainment
CZR
$6.01B
| – | – |
-12,653
| Closed | -$334K | – |
|
|
72
CALL
DHT Holdings
DHT
$3.97B
| – | – |
-270,000
| Closed | -$4.93M | – |
|
73
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.3B
| – | – |
-250,000
| Closed | -$19.9M | – |
|
74
Olin
OLN
$1.7B
| – | – |
-16,309
| Closed | -$485K | – |
|
75
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$833B
| – | – |
-130,000
| Closed | -$84.5M | – |
|
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Marnell Management's Q2 2026 Portfolio in Review
As of Q2 2026, Marnell Management held 79 positions worth $260M, down 9.4% from $288M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Marnell Management deployed $29.3M of net new capital in Q2 2026, opening 7 new positions and adding to 37 existing holdings. Its largest new stake was Borr Drilling: 922,914 shares worth $3.81M.
By sector, the portfolio is most concentrated in Miscellaneous at 25% of assets, down from 48% a quarter earlier, followed by Energy and Industrials.
On the sell side, the largest reduction was TeraWulf, an estimated $8.32M trimmed.
- Marnell Management's largest Q2 2026 buy was Borr Drilling: 922,914 shares worth $3.81M.
- Marnell Management added most to DHT Holdings in Q2 2026, an estimated $8.33M increase.
- Marnell Management's biggest Q2 2026 reduction was TeraWulf, cutting an estimated $8.32M.
- Marnell Management fully exited Seaport Entertainment Group in Q2 2026, selling an estimated $694K.
- Marnell Management's ten largest holdings make up 50% of its $260M portfolio in Q2 2026.
- Marnell Management opened 7 new positions and closed 10 in Q2 2026.
- Marnell Management's portfolio value fell 9.4% quarter-over-quarter to $260M.
Based on Marnell Management's 13F filing for Q2 2026, filed 13 Aug 2026.