Marnell Management LLC

CIK

1852314

Location

FARMINGTON HILLS, MI

Portfolio Value

Small $267,314,284

Diversification

Diversified

Filing Date

Global Rank

#3,299 / 8,232 ▲ 734

Top Industry

Oil & Gas Midstream 18.6%

3Y Alpha vs SPY

+62.1%

Period ended 2 months ago

Filed May 14, 2026 · 31d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+23.8%

SPY

+9.1%

Annualised alpha

+61.3%

Max drawdown

−7.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

66 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

31.6%

−1.5 pts

Top 5

50.0%

+1.9 pts

Top 10

61.5%

−0.0 pts

HHI

1,156

Diversified−89

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	38.8%	$103,632,825	3
Energy	17.6%	$47,117,374	14
Industrials	12.7%	$33,844,820	12
Real Estate	9.3%	$24,932,829	8
Basic Materials	7.2%	$19,300,386	13
Financial Services	7.1%	$18,874,146	6
Consumer Cyclical	2.7%	$7,174,731	5
Technology	1.9%	$5,200,253	2
Utilities	1.6%	$4,234,266	1
Communication Services	1.1%	$3,002,654	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

21 positions

Ticker	Company	Δ Shares	Shares	Value
DHT	DHT Holdings, Inc.	+198,641	345,434	$6,311,079
TRMD	TORM plc	+187,260	433,162	$12,085,219
VNO	Vornado Realty Trust	+130,092	142,592	$3,705,966
WULF	Terawulf Inc.	+120,834	686,762	$9,909,975
JBGS	JBG SMITH Properties	+66,410	451,873	$6,601,864
HAFN	Hafnia Ltd	+60,839	465,145	$3,535,102
RIG	Transocean Ltd.	+49,376	339,253	$2,249,247
ECO	Okeanis Eco Tankers Corp.	+45,196	53,253	$2,694,069
SPY	Spdr S&P 500 ETF Trust	+30,000	130,000	$84,544,200
CMBT	Cmb.Tech NV	+19,741	255,194	$3,228,204
CLF	Cleveland-Cliffs Inc.	+11,100	39,613	$334,729
TLN	Talen Energy Corp	+7,504	13,264	$4,234,266
CNR	Core Natural Resources, Inc.	+5,841	73,984	$7,748,344
ALX	Alexanders Inc	+3,801	15,841	$3,741,644
EXP	Eagle Materials Inc	+2,889	11,939	$2,261,843
KKR	KKR & Co. Inc.	+1,119	10,219	$945,257
WH	Wyndham Hotels & Resorts, Inc.	+600	4,647	$377,475
TNK	Teekay Tankers Ltd.	+494	23,567	$1,727,932
SHW	Sherwin Williams Co	+472	9,336	$2,992,654
FCNCA	First Citizens Bancshares Inc /De/	+394	2,499	$4,709,765
MLM	Martin Marietta Materials Inc	+196	1,491	$877,721
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GNK	Genco Shipping & Trading Ltd	−199,523	86,023	$1,939,818
SBLK	Star Bulk Carriers Corp.	−153,809	430,282	$9,883,577
INSW	International Seaways, Inc.	−99,230	24,597	$1,792,629
ASC	Ardmore Shipping Corp	−66,784	299,357	$4,565,194
CENX	Century Aluminum Co	−61,758	45,298	$2,658,539
HUT	Hut 8 Corp.	−58,799	17,143	$804,178
CORZ	Core Scientific, Inc./tx	−51,396	170,476	$2,550,320
FRO	Frontline plc	−50,032	59,287	$2,066,744
GTX	Garrett Motion Inc.	−44,108	181,863	$3,304,450
NMM	Navios Maritime Partners L.P.	−38,202	57,682	$3,892,381
NXRT	NexPoint Residential Trust, Inc.	−37,832	135,606	$3,390,150
TDW	Tidewater Inc	−34,426	55,120	$4,605,276
OLN	OLIN Corp	−29,391	16,309	$484,866
TEN	Tsakos Energy Navigation Ltd	−28,300	5,691	$224,566
NBIS	Nebius Group N.V.	−20,918	23,358	$2,423,626
HCC	Warrior Met Coal, Inc.	−18,271	55,913	$5,208,295
CZR	Caesars Entertainment, Inc.	−9,292	12,653	$334,418
BTU	Peabody Energy Corp	−8,445	14,312	$471,580
WLK	Westlake Corp	−7,898	3,802	$444,149
SATS	EchoStar CORP	−3,654	4,946	$579,028
WFG	West Fraser Timber Co., Ltd	−3,224	4,676	$305,296
GLD	Spdr Gold Trust	−2,579	4,121	$1,773,225
AMR	Alpha Metallurgical Resources, Inc.	−2,507	3,077	$631,615
MT	ArcelorMittal	−2,000	12,888	$669,918
STNG	Scorpio Tankers Inc.	−1,711	26,333	$1,966,021
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	30,000	$17,315,400
DEI	Douglas Emmett Inc	436,290	$4,109,851
CIFR	Cipher Digital Inc.	205,900	$2,649,933
HSHP	Himalaya Shipping Ltd.	164,032	$2,181,625
CLSK	Cleanspark, Inc.	254,376	$2,164,739
COMP	Compass, Inc.	271,779	$1,986,704
FBIN	Fortune Brands Innovations, Inc.	48,100	$1,874,457
METC	Ramaco Resources, Inc.	117,665	$1,819,100
LEN	Lennar Corp /New/	19,000	$1,649,960
BLDR	Builders FirstSource, Inc.	19,772	$1,627,828
BWA	Borgwarner Inc	27,800	$1,508,428
NVGS	Navigator Holdings Ltd.	50,000	$966,500
QXO	QXO, Inc.	38,700	$751,554
HPP	Hudson Pacific Properties, Inc.	118,925	$702,846
CE	Celanese Corp	9,300	$611,661
SHIP	Seanergy Maritime Holdings Corp.	39,559	$510,706
OC	Owens Corning	3,590	$388,509
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
NLOP	Net Lease Office Properties	68,027	$1,754,416
NUE	Nucor Corp	10,000	$1,631,100
DAC	Danaos Corp	7,119	$670,467
AL	SUMISHO AIR LEASE CORP	9,078	$583,079
FNV	FRANCO NEVADA Corp	2,400	$497,472
VALE	Vale S.A.	25,800	$336,174
CDRE	Cadre Holdings, Inc.	6,076	$248,143
GSL	Global Ship Lease, Inc.	6,515	$228,285
TROX	Tronox Holdings plc	19,830	$82,691
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

66 positions · $267,314,284 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Industrials Real Estate Technology Utilities

Showing 1–50 of 66 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	130,000	+30,000	$84,544,200	+24.0%	31.63%
QQQ	Invesco Qqq Trust, Series 1	NEW	30,000	NEW	$17,315,400	NEW	6.48%
TRMD	TORM plc Energy	Added	433,162	+187,260	$12,085,219	+151.0%	4.52%
WULF	Terawulf Inc. Financial Services	Added	686,762	+120,834	$9,909,975	+52.4%	3.71%
SBLK	Star Bulk Carriers Corp. Industrials	Reduced	430,282	-153,809	$9,883,577	−12.0%	3.70%
CNR	Core Natural Resources, Inc. Energy	Added	73,984	+5,841	$7,748,344	+28.5%	2.90%
JBGS	JBG SMITH Properties Real Estate	Added	451,873	+66,410	$6,601,864	+0.7%	2.47%
DHT	DHT Holdings, Inc. Energy	Added	345,434	+198,641	$6,311,079	+252.1%	2.36%
HCC	Warrior Met Coal, Inc. Basic Materials	Reduced	55,913	-18,271	$5,208,295	−20.4%	1.95%
FCNCA	First Citizens Bancshares Inc /De/ Financial Services	Added	2,499	+394	$4,709,765	+4.3%	1.76%
TDW	Tidewater Inc Energy	Reduced	55,120	-34,426	$4,605,276	+1.8%	1.72%
ASC	Ardmore Shipping Corp Industrials	Reduced	299,357	-66,784	$4,565,194	+17.7%	1.71%
TLN	Talen Energy Corp Utilities	Added	13,264	+7,504	$4,234,266	+96.1%	1.58%
DEI	Douglas Emmett Inc Real Estate	NEW	436,290	NEW	$4,109,851	NEW	1.54%
NMM	Navios Maritime Partners L.P. Industrials	Reduced	57,682	-38,202	$3,892,381	−22.6%	1.46%
ALX	Alexanders Inc Real Estate	Added	15,841	+3,801	$3,741,644	+42.6%	1.40%
VNO	Vornado Realty Trust Real Estate	Added	142,592	+130,092	$3,705,966	+790.9%	1.39%
HAFN	Hafnia Ltd Industrials	Added	465,145	+60,839	$3,535,102	+64.0%	1.32%
NXRT	NexPoint Residential Trust, Inc. Real Estate	Reduced	135,606	-37,832	$3,390,150	−35.1%	1.27%
GTX	Garrett Motion Inc. Consumer Cyclical	Reduced	181,863	-44,108	$3,304,450	−16.1%	1.24%
CMBT	Cmb.Tech NV Energy	Added	255,194	+19,741	$3,228,204	+42.1%	1.21%
SHW	Sherwin Williams Co Basic Materials	Added	9,336	+472	$2,992,654	+4.2%	1.12%
ECO	Okeanis Eco Tankers Corp. Industrials	Added	53,253	+45,196	$2,694,069	+888.1%	1.01%
CENX	Century Aluminum Co Basic Materials	Reduced	45,298	-61,758	$2,658,539	−36.6%	0.99%
CIFR	Cipher Digital Inc. Technology	NEW	205,900	NEW	$2,649,933	NEW	0.99%
CORZ	Core Scientific, Inc./tx Technology	Reduced	170,476	-51,396	$2,550,320	−21.1%	0.95%
NBIS	Nebius Group N.V. Communication Services	Reduced	23,358	-20,918	$2,423,626	−34.6%	0.91%
EXP	Eagle Materials Inc Basic Materials	Added	11,939	+2,889	$2,261,843	+20.9%	0.85%
RIG	Transocean Ltd. Energy	Added	339,253	+49,376	$2,249,247	+87.9%	0.84%
HSHP	Himalaya Shipping Ltd. Industrials	NEW	164,032	NEW	$2,181,625	NEW	0.82%
CLSK	Cleanspark, Inc. Financial Services	NEW	254,376	NEW	$2,164,739	NEW	0.81%
FRO	Frontline plc Energy	Reduced	59,287	-50,032	$2,066,744	−13.4%	0.77%
COMP	Compass, Inc. Real Estate	NEW	271,779	NEW	$1,986,704	NEW	0.74%
STNG	Scorpio Tankers Inc. Energy	Reduced	26,333	-1,711	$1,966,021	+37.9%	0.74%
GNK	Genco Shipping & Trading Ltd Industrials	Reduced	86,023	-199,523	$1,939,818	−63.1%	0.73%
FBIN	Fortune Brands Innovations, Inc. Industrials	NEW	48,100	NEW	$1,874,457	NEW	0.70%
METC	Ramaco Resources, Inc. Basic Materials	NEW	117,665	NEW	$1,819,100	NEW	0.68%
INSW	International Seaways, Inc. Energy	Reduced	24,597	-99,230	$1,792,629	−70.2%	0.67%
GLD	Spdr Gold Trust	Reduced	4,121	-2,579	$1,773,225	−33.2%	0.66%
TNK	Teekay Tankers Ltd. Energy	Added	23,567	+494	$1,727,932	+40.2%	0.65%
VAL	Valaris Ltd Energy	Reduced	17,075	-1,572	$1,674,033	+78.1%	0.63%
LEN	Lennar Corp /New/ Consumer Cyclical	NEW	19,000	NEW	$1,649,960	NEW	0.62%
BLDR	Builders FirstSource, Inc. Industrials	NEW	19,772	NEW	$1,627,828	NEW	0.61%
BWA	Borgwarner Inc Consumer Cyclical	NEW	27,800	NEW	$1,508,428	NEW	0.56%
NVGS	Navigator Holdings Ltd. Energy	NEW	50,000	NEW	$966,500	NEW	0.36%
KKR	KKR & Co. Inc. Financial Services	Added	10,219	+1,119	$945,257	−18.5%	0.35%
MLM	Martin Marietta Materials Inc Basic Materials	Added	1,491	+196	$877,721	+8.9%	0.33%
HUT	Hut 8 Corp. Financial Services	Reduced	17,143	-58,799	$804,178	−76.9%	0.30%
QXO	QXO, Inc. Industrials	NEW	38,700	NEW	$751,554	NEW	0.28%
HPP	Hudson Pacific Properties, Inc. Real Estate	NEW	118,925	NEW	$702,846	NEW	0.26%