Marnell Management LLC
CIK
1852314
Location
FARMINGTON HILLS, MI
Portfolio Value
Small
$267,314,284
Diversification
Diversified
Filing Date
Global Rank
#3,614
/ 8,621
▲ 648
· as of Mar 2026
Top Industry
Oil & Gas Midstream
18.6%
3Y Alpha vs SPY
+28.5%
Period ended 4 months ago
Filed May 14, 2026 · 3mo
2 quarters · since Dec 2025
Clone Performance
Feb 2026–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Not a measure of this manager's performance.
Most of Marnell Management LLC's reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
60% that is ordinary stock — as little as
56% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+16.4%
SPY
+9.0%
Annualised alpha
+18.9%
Max drawdown
−7.7%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 60% of reported value on average across 2 quarters. Past performance does not predict future results.
Portfolio Concentration
66 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top 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 |
|---|---|---|
| Unclassified | 38.8% | $103,632,825 |
| Energy | 17.6% | $47,117,374 |
| Industrials | 12.7% | $33,844,820 |
| Real Estate | 9.3% | $24,932,829 |
| Basic Materials | 7.2% | $19,300,386 |
| Financial Services | 7.1% | $18,874,146 |
| Consumer Cyclical | 2.7% | $7,174,731 |
| Technology | 1.9% | $5,200,253 |
| Utilities | 1.6% | $4,234,266 |
| Communication Services | 1.1% | $3,002,654 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
21 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | |
| ECHO | 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 | Open |
|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|
| 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. | ||||
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 | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
PUT
|
Added | 130,000 | $84,544,200 | 31.63% | |
| QQQ |
Invesco Qqq Trust, Series 1
PUT
|
NEW | 30,000 | $17,315,400 | 6.48% | |
| TRMD |
TORM plc
CALL
+ SHARES
Energy
|
Added | 433,162 | $12,085,219 | 4.52% | |
| WULF |
Terawulf Inc.
Financial Services
|
Added | 686,762 | $9,909,975 | 3.71% | |
| SBLK |
Star Bulk Carriers Corp.
Industrials
|
Reduced | 430,282 | $9,883,577 | 3.70% | |
| CNR |
Core Natural Resources, Inc.
Energy
|
Added | 73,984 | $7,748,344 | 2.90% | |
| JBGS |
JBG SMITH Properties
Real Estate
|
Added | 451,873 | $6,601,864 | 2.47% | |
| DHT |
DHT Holdings, Inc.
CALL
+ SHARES
Energy
|
Added | 345,434 | $6,311,079 | 2.36% | |
| HCC |
Warrior Met Coal, Inc.
Basic Materials
|
Reduced | 55,913 | $5,208,295 | 1.95% | |
| FCNCA |
First Citizens Bancshares Inc /De/
Financial Services
|
Added | 2,499 | $4,709,765 | 1.76% | |
| TDW |
Tidewater Inc
Energy
|
Reduced | 55,120 | $4,605,276 | 1.72% | |
| ASC |
Ardmore Shipping Corp
Industrials
|
Reduced | 299,357 | $4,565,194 | 1.71% | |
| TLN |
Talen Energy Corp
Utilities
|
Added | 13,264 | $4,234,266 | 1.58% | |
| DEI |
Douglas Emmett Inc
Real Estate
|
NEW | 436,290 | $4,109,851 | 1.54% | |
| NMM |
Navios Maritime Partners L.P.
Industrials
|
Reduced | 57,682 | $3,892,381 | 1.46% | |
| ALX |
Alexanders Inc
Real Estate
|
Added | 15,841 | $3,741,644 | 1.40% | |
| VNO |
Vornado Realty Trust
Real Estate
|
Added | 142,592 | $3,705,966 | 1.39% | |
| HAFN |
Hafnia Ltd
CALL
+ SHARES
Industrials
|
Added | 465,145 | $3,535,102 | 1.32% | |
| NXRT |
NexPoint Residential Trust, Inc.
Real Estate
|
Reduced | 135,606 | $3,390,150 | 1.27% | |
| GTX |
Garrett Motion Inc.
Consumer Cyclical
|
Reduced | 181,863 | $3,304,450 | 1.24% | |
| CMBT |
Cmb.Tech NV
CALL
+ SHARES
Energy
|
Added | 255,194 | $3,228,204 | 1.21% | |
| SHW |
Sherwin Williams Co
Basic Materials
|
Added | 9,336 | $2,992,654 | 1.12% | |
| ECO |
Okeanis Eco Tankers Corp.
Industrials
|
Added | 53,253 | $2,694,069 | 1.01% | |
| CENX |
Century Aluminum Co
Basic Materials
|
Reduced | 45,298 | $2,658,539 | 0.99% | |
| CIFR |
Cipher Digital Inc.
Technology
|
NEW | 205,900 | $2,649,933 | 0.99% | |
| CORZ |
Core Scientific, Inc./tx
Technology
|
Reduced | 170,476 | $2,550,320 | 0.95% | |
| NBIS |
Nebius Group N.V.
Communication Services
|
Reduced | 23,358 | $2,423,626 | 0.91% | |
| EXP |
Eagle Materials Inc
Basic Materials
|
Added | 11,939 | $2,261,843 | 0.85% | |
| RIG |
Transocean Ltd.
Energy
|
Added | 339,253 | $2,249,247 | 0.84% | |
| HSHP |
Himalaya Shipping Ltd.
Industrials
|
NEW | 164,032 | $2,181,625 | 0.82% | |
| CLSK |
Cleanspark, Inc.
Financial Services
|
NEW | 254,376 | $2,164,739 | 0.81% | |
| FRO |
Frontline plc
Energy
|
Reduced | 59,287 | $2,066,744 | 0.77% | |
| COMP |
Compass, Inc.
Real Estate
|
NEW | 271,779 | $1,986,704 | 0.74% | |
| STNG |
Scorpio Tankers Inc.
Energy
|
Reduced | 26,333 | $1,966,021 | 0.74% | |
| GNK |
Genco Shipping & Trading Ltd
Industrials
|
Reduced | 86,023 | $1,939,818 | 0.73% | |
| FBIN |
Fortune Brands Innovations, Inc.
Industrials
|
NEW | 48,100 | $1,874,457 | 0.70% | |
| METC |
Ramaco Resources, Inc.
Basic Materials
|
NEW | 117,665 | $1,819,100 | 0.68% | |
| INSW |
International Seaways, Inc.
Energy
|
Reduced | 24,597 | $1,792,629 | 0.67% | |
| GLD |
Spdr Gold Trust
|
Reduced | 4,121 | $1,773,225 | 0.66% | |
| TNK |
Teekay Tankers Ltd.
Energy
|
Added | 23,567 | $1,727,932 | 0.65% | |
| VAL |
Valaris Ltd
Energy
|
Reduced | 17,075 | $1,674,033 | 0.63% | |
| LEN |
Lennar Corp /New/
Consumer Cyclical
|
NEW | 19,000 | $1,649,960 | 0.62% | |
| BLDR |
Builders FirstSource, Inc.
Industrials
|
NEW | 19,772 | $1,627,828 | 0.61% | |
| BWA |
Borgwarner Inc
CALL
Consumer Cyclical
|
NEW | 27,800 | $1,508,428 | 0.56% | |
| NVGS |
Navigator Holdings Ltd.
Energy
|
NEW | 50,000 | $966,500 | 0.36% | |
| KKR |
KKR & Co. Inc.
Financial Services
|
Added | 10,219 | $945,257 | 0.35% | |
| MLM |
Martin Marietta Materials Inc
Basic Materials
|
Added | 1,491 | $877,721 | 0.33% | |
| HUT |
Hut 8 Corp.
Financial Services
|
Reduced | 17,143 | $804,178 | 0.30% | |
| QXO |
QXO, Inc.
Industrials
|
NEW | 38,700 | $751,554 | 0.28% | |
| HPP |
Hudson Pacific Properties, Inc.
Real Estate
|
NEW | 118,925 | $702,846 | 0.26% |