Marnell Management LLC
Long book
$150.4M
Q1 2026
Positions
64
Top-10 weight
43%
concentration
Last quarter
+15.1%
SPY +14.8%
Turnover
32%
of book per quarter
Strategy in plain words
auto-generated from filingsMarnell Management LLC is a diversified fundamental manager, running a $150.4M US long book across 64 positions.
The portfolio is moderately concentrated (top 10 ≈ 43% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: TERAWULF INC, STAR BULK CARRIERS CORP, CORE NATURAL RESOURCES INC, TORM PLC-A, JBG SMITH PROPERTIES.
We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
+19.9%
Q1 2026
+15.1%
Sector allocation
Industrials 42%
Financials 19%
Materials 14%
Other 9%
Consumer discretionary 4%
Utilities 3%
Energy 3%
Technology 2%
Long book by quarter
What does Marnell Management own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WULF TERAWULF INC | Financials | 686.8K | $9.9M | 6.6% | +21.4% |
| SBLK STAR BULK CARRIERS CORP | Industrials | 430.3K | $9.9M | 6.6% | +19.1% |
| CNR CORE NATURAL RESOURCES INC | Materials | 74.0K | $7.7M | 5.2% | +8.6% |
| TRMDA TORM PLC-A | — | 247.8K | $6.9M | 4.6% | +0.8% |
| HCC WARRIOR MET COAL INC | Materials | 55.9K | $5.2M | 3.5% | -24.6% |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 2.5K | $4.7M | 3.1% | +18.7% |
| TDW TIDEWATER INC | Industrials | 55.1K | $4.6M | 3.1% | -38.4% |
| ASC ARDMORE SHIPPING CORP | Industrials | 299.4K | $4.6M | 3.0% | -18.2% |
| TLN TALEN ENERGY CORP | Utilities | 13.3K | $4.2M | 2.8% | +130.3% |
| NMM NAVIOS MARITIME PARTNERS LP | Industrials | 57.7K | $3.9M | 2.6% | -39.8% |
| GTX GARRETT MOTION INC | Industrials | 181.9K | $3.3M | 2.2% | -19.5% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 9.3K | $3.0M | 2.0% | +5.3% |
| ECO OKEANIS ECO TANKERS CORP | Industrials | 53.3K | $2.7M | 1.8% | +561.0% |
| CENX CENTURY ALUMINUM COMPANY | Industrials | 45.3K | $2.7M | 1.8% | -57.7% |
| CIFR CIPHER DIGITAL INC | Financials | 205.9K | $2.6M | 1.8% | New |
| CORZ CORE SCIENTIFIC INC | Financials | 170.5K | $2.6M | 1.7% | -23.2% |
| NBIS NEBIUS GROUP NV | Technology | 23.4K | $2.4M | 1.6% | -47.2% |
| EXP EAGLE MATERIALS INC | Industrials | 11.9K | $2.3M | 1.5% | +31.9% |
| RIG TRANSOCEAN LTD | Energy | 339.3K | $2.2M | 1.5% | +17.0% |
| HSHP HIMALAYA SHIPPING LTD | Industrials | 164.0K | $2.2M | 1.5% | New |
| CLSK CLEANSPARK INC | Financials | 254.4K | $2.2M | 1.4% | New |
| FRO FRONTLINE PLC | Industrials | 59.3K | $2.1M | 1.4% | -45.8% |
| COMP COMPASS INC - CLASS A | Real estate | 271.8K | $2.0M | 1.3% | New |
| STNG SCORPIO TANKERS INC | Industrials | 26.3K | $2.0M | 1.3% | -6.1% |
| GNK GENCO SHIPPING & TRADING LTD | Industrials | 86.0K | $1.9M | 1.3% | -69.4% |
| FBIN FORTUNE BRANDS INNOVATIONS I | Other | 48.1K | $1.9M | 1.2% | New |
| METC RAMACO RESOURCES INC-A | Materials | 117.7K | $1.8M | 1.2% | New |
| INSW INTERNATIONAL SEAWAYS INC | Industrials | 24.6K | $1.8M | 1.2% | -80.1% |
| OCW CMB TECH NV | — | 140.6K | $1.8M | 1.2% | -23.7% |
| TNK TEEKAY TANKERS LTD-CLASS A | Industrials | 23.6K | $1.7M | 1.1% | +2.1% |
| VAL VALARIS LTD | Energy | 17.1K | $1.7M | 1.1% | -8.4% |
| LEN LENNAR CORP-A | Industrials | 19.0K | $1.6M | 1.1% | New |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 19.8K | $1.6M | 1.1% | New |
| DHT DHT HOLDINGS INC | Industrials | 75.4K | $1.4M | 0.9% | -48.6% |
| HAFN HAFNIA LTD | Industrials | 165.2K | $1.3M | 0.8% | -59.1% |
| NVGS NAVIGATOR HOLDINGS LTD | Industrials | 50.0K | $967K | 0.6% | New |
| KKR KKR & CO INC | Financials | 10.2K | $945K | 0.6% | +12.3% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 1.5K | $878K | 0.6% | +15.1% |
| HUT HUT 8 CORP | Financials | 17.1K | $804K | 0.5% | -77.4% |
| QXO QXO INC | Consumer discretionary | 38.7K | $752K | 0.5% | New |
| SEG SEAPORT ENTERTAINMENT GROUP | Services media | 32.3K | $694K | 0.5% | Held |
| MT ARCELORMITTAL-NY REGISTERED | Industrials | 12.9K | $670K | 0.4% | -13.4% |
| AMR ALPHA METALLURGICAL RESOURCE | Materials | 3.1K | $632K | 0.4% | -44.9% |
| CE CELANESE CORP | Materials | 9.3K | $612K | 0.4% | New |
| ECHO ECHOSTAR CORP-A | Communications | 4.9K | $579K | 0.4% | -42.5% |
| SHIP SEANERGY MARITIME HOLDINGS | Industrials | 39.6K | $511K | 0.3% | New |
| OLN OLIN CORP | Materials | 16.3K | $485K | 0.3% | -64.3% |
| BTU PEABODY ENERGY CORP | Materials | 14.3K | $472K | 0.3% | -37.1% |
| WLK WESTLAKE CORP | Other | 3.8K | $444K | 0.3% | -67.5% |
| OC OWENS CORNING | Industrials | 3.6K | $389K | 0.3% | New |
13F filing history
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