Q1 2026 · 13F-HR
Marnell Management LLCholdings as filed
Filed 2026-05-14 · accession 0001852314-26-000003
$287.5M
Reported value
72
Positions
2026-03-31
Period end
The Brief · Marnell Management LLC · Q1 2026
AI · grounded in 13F
Marnell Management LLC initiated a new position in HYG worth $19.89M. The fund also opened a new position in QQQ for $17.32M and added DEI with a $4.11M investment. On the sell side, the fund closed positions in NLOP and NUE, while trimming its holdings in INSW by 80.14%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | STATE STR SPDR S&P 500 ETF T | $84.5M | 29.4% | 130,000 | PUT | SOLE |
| 464288513 | HYG | ISHARES TR | $19.9M | 6.92% | 250,000 | PUT | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $17.3M | 6.02% | 30,000 | PUT | SOLE |
| 88080T104 | WULF | TERAWULF INC | $9.9M | 3.45% | 686,762 | Common | SOLE |
| Y8162K204 | SBLK | STAR BULK CARRIERS CORP. | $9.9M | 3.44% | 430,282 | Common | SOLE |
| 218937100 | CNR | CORE NATURAL RESOURCES INC | $7.7M | 2.69% | 73,984 | Common | SOLE |
| G89479102 | TRMD | TORM PLC | $6.9M | 2.40% | 247,762 | Common | SOLE |
| 46590V100 | JBGS | JBG SMITH PPTYS | $6.6M | 2.30% | 451,873 | Common | SOLE |
| 93627C101 | HCC | WARRIOR MET COAL INC | $5.2M | 1.81% | 55,913 | Common | SOLE |
| G89479102 | TRMD | TORM PLC | $5.2M | 1.80% | 185,400 | CALL | SOLE |
| Y2065G121 | DHT | DHT HOLDINGS INC | $4.9M | 1.72% | 270,000 | CALL | SOLE |
| 31946M103 | FCNCA | FIRST CTZNS BANCSHARES INC D | $4.7M | 1.64% | 2,499 | Common | SOLE |
| 88642R109 | TDW | TIDEWATER INC NEW | $4.6M | 1.60% | 55,120 | Common | SOLE |
| Y0207T100 | ASC | ARDMORE SHIPPING CORP | $4.6M | 1.59% | 299,357 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $4.2M | 1.47% | 13,264 | Common | SOLE |
| 25960P109 | DEI | DOUGLAS EMMETT INC | $4.1M | 1.43% | 436,290 | Common | SOLE |
| Y62267409 | NMM | NAVIOS MARITIME PARTNERS LP | $3.9M | 1.35% | 57,682 | Common | SOLE |
| 014752109 | ALX | ALEXANDERS INC | $3.7M | 1.30% | 15,841 | Common | SOLE |
| 929042109 | VNO | VORNADO RLTY TR | $3.7M | 1.29% | 142,592 | Common | SOLE |
| 65341D102 | NXRT | NEXPOINT RESIDENTIAL TR INC | $3.4M | 1.18% | 135,606 | Common | SOLE |
| 366505105 | GTX | GARRETT MOTION INC | $3.3M | 1.15% | 181,863 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $3.0M | 1.04% | 9,336 | Common | SOLE |
| Y64177101 | ECO | OKEANIS ECO TANKERS COR | $2.7M | 0.94% | 53,253 | Common | SOLE |
| 156431108 | CENX | CENTURY ALUM CO | $2.7M | 0.92% | 45,298 | Common | SOLE |
| 17253J106 | CIFR | CIPHER DIGITAL INC | $2.6M | 0.92% | 205,900 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $2.6M | 0.89% | 170,476 | Common | SOLE |
| N97284108 | NBIS | NEBIUS GROUP N.V. | $2.4M | 0.84% | 23,358 | Common | SOLE |
| Y2990R101 | HAFN | HAFNIA LTD | $2.3M | 0.79% | 299,900 | CALL | SOLE |
| 26969P108 | EXP | EAGLE MATLS INC | $2.3M | 0.79% | 11,939 | Common | SOLE |
| H8817H100 | RIG | TRANSOCEAN LTD | $2.2M | 0.78% | 339,253 | Common | SOLE |
| G4660A103 | HSHP | HIMALAYA SHIPPING LTD | $2.2M | 0.76% | 164,032 | Common | SOLE |
| 18452B209 | CLSK | CLEANSPARK INC | $2.2M | 0.75% | 254,376 | Common | SOLE |
| M46528101 | FRO | FRONTLINE PLC | $2.1M | 0.72% | 59,287 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $2.0M | 0.69% | 271,779 | Common | SOLE |
| Y7542C130 | STNG | SCORPIO TANKERS INC | $2.0M | 0.68% | 26,333 | Common | SOLE |
| Y2685T131 | GNK | GENCO SHIPPING & TRADING LTD | $1.9M | 0.67% | 86,023 | Common | SOLE |
| 34964C106 | FBIN | FORTUNE BRANDS INNOVATIONS I | $1.9M | 0.65% | 48,100 | Common | SOLE |
| 75134P600 | METC | RAMACO RES INC | $1.8M | 0.63% | 117,665 | Common | SOLE |
| Y41053102 | INSW | INTERNATIONAL SEAWAYS INC | $1.8M | 0.62% | 24,597 | Common | SOLE |
| B38564108 | CMBT | CMB.TECH NV | $1.8M | 0.62% | 140,594 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $1.8M | 0.62% | 4,121 | Common | SOLE |
| G8726X106 | TNK | TEEKAY TANKERS LTD | $1.7M | 0.60% | 23,567 | Common | SOLE |
| G9460G101 | VAL | VALARIS LTD | $1.7M | 0.58% | 17,075 | Common | SOLE |
| 526057104 | LEN | LENNAR CORP | $1.6M | 0.57% | 19,000 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $1.6M | 0.57% | 19,772 | Common | SOLE |
| 099724106 | BWA | BORGWARNER INC | $1.5M | 0.52% | 27,800 | CALL | SOLE |
| B38564108 | CMBT | CMB.TECH NV | $1.4M | 0.50% | 114,600 | CALL | SOLE |
| Y2065G121 | DHT | DHT HOLDINGS INC | $1.4M | 0.48% | 75,434 | Common | SOLE |
| Y2990R101 | HAFN | HAFNIA LTD | $1.3M | 0.44% | 165,245 | Common | SOLE |
| Y62132108 | NVGS | NAVIGATOR HLDGS LTD | $966,500 | 0.34% | 50,000 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $945,258 | 0.33% | 10,219 | Common | SOLE |
| 573284106 | MLM | MARTIN MARIETTA MATLS INC | $877,722 | 0.31% | 1,491 | Common | SOLE |
| 44812J104 | HUT | HUT 8 CORP | $804,178 | 0.28% | 17,143 | Common | SOLE |
| 82846H405 | QXO | QXO INC | $751,554 | 0.26% | 38,700 | Common | SOLE |
| 444097406 | HPP | HUDSON PACIFIC PROPERTIES IN | $702,847 | 0.24% | 118,925 | Common | SOLE |
| 812215200 | SEG | SEAPORT ENTMT GROUP INC | $693,804 | 0.24% | 32,300 | Common | SOLE |
| 03938L203 | MT | ARCELORMITTAL SA LUXEMBOURG | $669,918 | 0.23% | 12,888 | Common | SOLE |
| 020764106 | AMR | ALPHA METALLURGICAL RESOUR I | $631,616 | 0.22% | 3,077 | Common | SOLE |
| 150870103 | CE | CELANESE CORP DEL | $611,661 | 0.21% | 9,300 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $579,028 | 0.20% | 4,946 | Common | SOLE |
| Y73760400 | SHIP | SEANERGY MARITIME HLDGS CORP | $510,707 | 0.18% | 39,559 | Common | SOLE |
| 680665205 | OLN | OLIN CORP | $484,867 | 0.17% | 16,309 | Common | SOLE |
| 704551100 | BTU | PEABODY ENGR CORP | $471,580 | 0.16% | 14,312 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $444,150 | 0.15% | 3,802 | Common | SOLE |
| 690742101 | OC | OWENS CORNING NEW | $388,510 | 0.14% | 3,590 | Common | SOLE |
| 98311A105 | WH | WYNDHAM HOTELS & RESORTS INC | $377,476 | 0.13% | 4,647 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $340,232 | 0.12% | 710 | Common | SOLE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $334,730 | 0.12% | 39,613 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $334,419 | 0.12% | 12,653 | Common | SOLE |
| 526057302 | LEN/B | LENNAR CORP | $312,674 | 0.11% | 3,717 | Common | SOLE |
| 952845105 | WFG | WEST FRASER TIMBER LTD | $305,296 | 0.11% | 4,676 | Common | SOLE |
| G9108L173 | TEN | TSAKOS ENERGY NAVIGATION LTD | $224,567 | 0.08% | 5,691 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.