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Portfolio (Quarterly) Guide ↗

Marnell Management LLC

· CIK 0001852314
13F Portfolio $288M AUM 72 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 21 New 21 Added 29 Reduced 11 Exited
Page 3 of 4  ·  72 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 GLD SPDR GOLD TR Financial Services 4,121.0 $1.8M 0.62% -3K -38.5% $430.29 -3.8%
42 TNK TEEKAY TANKERS LTD Energy 23,567.0 $1.7M 0.60% +494.0 +2.1% $73.32 +3.0%
43 VAL VALARIS LTD Energy 17,075.0 $1.7M 0.58% -2K -8.4% $98.04 -1.7%
44 LEN LENNAR CORP Consumer Cyclical 19,000.0 $1.6M 0.57% NEW $86.84 +2.8%
45 BLDR BUILDERS FIRSTSOURCE INC Industrials 19,772.0 $1.6M 0.57% NEW $82.33 -9.6%
46 BWA CALL BORGWARNER INC Consumer Cyclical 27,800.0 $1.5M 0.53% NEW $54.26 +25.8%
47 CALL CMB.TECH NV 114,600.0 $1.4M 0.50% +63K +123.8% $12.65
48 DHT DHT HOLDINGS INC Energy 75,434.0 $1.4M 0.48% -71K -48.6% $18.27 -4.8%
49 HAFN HAFNIA LTD Industrials 165,245.0 $1.3M 0.44% -239K -59.1% $7.60 +9.9%
50 NVGS NAVIGATOR HLDGS LTD Energy 50,000.0 $966K 0.34% NEW $19.33 +20.6%
51 KKR KKR & CO INC Financial Services 10,219.0 $945K 0.33% +1K +12.3% $92.50 +2.7%
52 MLM MARTIN MARIETTA MATLS INC Basic Materials 1,491.0 $878K 0.30% +196.0 +15.1% $588.68 -4.7%
53 HUT 8 CORP 17,143.0 $804K 0.28% -59K -77.4% $46.91
54 QXO QXO INC Industrials 38,700.0 $752K 0.26% NEW $19.42 -11.6%
55 HUDSON PACIFIC PROPERTIES IN 118,925.0 $703K 0.24% NEW $5.91
56 SEG SEAPORT ENTMT GROUP INC Real Estate 32,300.0 $694K 0.24% $21.48 +10.4%
57 MT ARCELORMITTAL SA LUXEMBOURG Basic Materials 12,888.0 $670K 0.23% -2K -13.4% $51.98 +32.0%
58 AMR ALPHA METALLURGICAL RESOUR I Energy 3,077.0 $632K 0.22% -3K -44.9% $205.27 -6.1%
59 CE CELANESE CORP DEL Basic Materials 9,300.0 $612K 0.21% NEW $65.77 -20.4%
60 SATS ECHOSTAR CORP Technology 4,946.0 $579K 0.20% -4K -42.5% $117.07 +5.2%
Page 3 of 4  ·  72 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Energy 28.8%
Industrials 19.2%
Real Estate 16.3%
Financial Services 14.6%
Basic Materials 8.5%
Technology 5.3%
Consumer Cyclical 4.1%
Utilities 3.1%