Marino Management, LLC
Long book
$547.2M
Q1 2026
Positions
11
Top-10 weight
100%
concentration
Last quarter
-10.4%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsMarino Management, LLC is a wealth-management firm allocating client money, specialised in financials (99% of the long book), running a $547.2M US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SPDR GOLD SHARES, ISHARES TIPS BOND ETF, ISHARES 20+ YEAR TREASURY BD, ISHARES GOLD TRUST, VANGUARD FTSE DEVELOPED ETF.
Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
+8.0%
Q1 2026
-10.4%
Sector allocation
Industrials 100%
Long book by quarter
What does Marino Management, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BETA BETA TECHNOLOGIES INC -CL A | Industrials | 314.0K | $4.6M | 0.8% | New |