Q4 2025 · 13F-HR
Marino Management, LLCholdings as filed
Filed 2026-02-13 · accession 0001999371-26-003327
$503.6M
Reported value
10
Positions
2025-12-31
Period end
The Brief · Marino Management, LLC · Q4 2025
AI · grounded in 13F
Marino Management, LLC initiated a new position in TIP with an investment of $13.9M. The fund also added new positions in TLT for $13.6M and IAU for $12.2M. Additionally, the manager trimmed its holding in GLD by 52.88% and closed its position in ISHARES GOLD TRUST.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78463V107 | GLD | SPDR GOLD TR | $438.5M | 87.1% | 1,106,395 | Common | SOLE |
| 464287176 | TIP | ISHARES TR | $13.9M | 2.76% | 126,194 | Common | SHARED |
| 464287432 | TLT | ISHARES TR | $13.6M | 2.70% | 154,653 | Common | SHARED |
| 464285204 | IAU | ISHARES GOLD TR | $12.2M | 2.43% | 149,479 | Common | SHARED |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $7.1M | 1.41% | 113,061 | Common | SHARED |
| 922908363 | VOO | VANGUARD INDEX FDS | $6.8M | 1.36% | 10,836 | Common | SHARED |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX F | $5.4M | 1.07% | 100,287 | Common | SHARED |
| 46138B103 | DBC | INVESCO DB COMMDY INDX TRCK | $3.5M | 0.70% | 155,962 | Common | SHARED |
| 06738C778 | DJP | BARCLAYS BANK PLC | $1.3M | 0.26% | 33,691 | Common | SHARED |
| 46428R107 | GSG | ISHARES S&P GSCI COMMODITY- | $1.2M | 0.24% | 52,091 | Common | SHARED |
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.