Q2 2026 13F · SEC CIK 1852314

Marnell Management LLC

Hedge fundFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $196.6M
Reported positions: 65
Holdings vs S&P 500, 3 yrs: —
Assets under management: $306.1M

Marnell Management LLC is a hedge fund that reported 65 positions worth $196.6M in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Star Bulk Carriers Corp. (SBLK, 6.5%), Core Nat Res Inc (CNR, 5.2%), DHT Holdings, Inc. (DHT, 4.6%).

Marnell Management LLC holdings largest 50 of 65 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Marnell Management LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SBLKStar Bulk Carriers Corp.	6.5%	6.6%	515,698	+19.9%	$12.9M
CNRCore Nat Res Inc	5.2%	5.2%	128,778	+74.1%	$10.3M
DHTDHT Holdings, Inc.	4.6%	0.9%	541,871	+618.3%	$9.0M
WULFTerawulf Inc	4.1%	6.6%	324,991	-52.7%	$8.0M
TRMDTorm PLC	3.5%	4.6%	262,876	+6.1%	$6.9M
TDWTidewater Inc New	3.3%	3.1%	98,490	+78.7%	$6.6M
HCCWarrior Met Coal Inc	3.3%	3.5%	79,511	+42.2%	$6.5M
VNOVornado Rlty Tr	3.1%	2.5%	156,292	+9.6%	$6.1M
GTXGarrett Motion Inc	3.0%	2.2%	163,713	-10.0%	$5.9M
FCNCAFirst Ctzns Bancshares Cl A	3.0%	3.1%	2,829	+13.2%	$5.9M
DEIDouglas Emmett Inc	3.0%	2.7%	497,133	+13.9%	$5.9M
JBGSJbg Smith Pptys	2.8%	4.4%	381,619	-15.5%	$5.6M
TLNTalen Energy Corp	2.8%	2.8%	14,551	+9.7%	$5.6M
COMPCompass Inc	2.7%	1.3%	423,302	+55.8%	$5.2M
ECOOkeanis Eco Tankers Cor	2.5%	1.8%	96,294	+80.8%	$4.8M
NMMNavios Maritime Partners LP	2.4%	2.6%	67,593	+17.2%	$4.7M
ALXAlexanders Inc	2.4%	2.5%	16,991	+7.3%	$4.7M
EURNCmb.tech NV	2.2%	1.2%	311,109	+121.3%	$4.4M
SHWSherwin Williams Co	2.2%	2.0%	12,593	+34.9%	$4.3M
BORRBorr Drilling Ltd	1.9%	—	922,914	—	$3.8M
NXRTNexpoint Residential Tr Inc	1.9%	2.3%	131,406	-3.1%	$3.7M
RIGTransocean Ltd	1.8%	1.5%	740,270	+118.2%	$3.6M
ECHOEchoStar Corp	1.8%	—	35,359	—	$3.6M
EXPEagle Matls Inc	1.7%	1.5%	15,039	+26.0%	$3.4M
ASCArdmore Shipping Corp	1.7%	3.0%	236,122	-21.1%	$3.3M
CENXCentury Alum Co	1.7%	1.8%	71,516	+57.9%	$3.3M
HSHPHimalaya Shipping Ltd	1.5%	1.4%	217,162	+32.4%	$2.9M
TNKTeekay Tankers Ltd	1.5%	1.1%	44,391	+88.4%	$2.9M
FROFrontline PLC	1.4%	1.4%	81,081	+36.8%	$2.8M
LENLennar Corp	1.2%	1.1%	27,100	+42.6%	$2.5M
INSWInternational Seaways Inc Com	1.2%	1.2%	31,939	+29.8%	$2.4M
FBHSFortune Brands Innovations I	1.2%	1.2%	44,500	-7.5%	$2.4M
NVGSNavigator Holdings PLC	0.9%	0.6%	99,545	+99.1%	$1.9M
STNGScorpio Tankers Inc	0.9%	1.3%	24,726	-6.1%	$1.7M
METCRamaco Resources	0.8%	1.2%	122,165	+3.8%	$1.6M
HPPHudson Pacific Properties in	0.8%	0.5%	102,186	-14.1%	$1.6M
MLMMartin Marietta Matls Inc	0.8%	0.6%	2,651	+77.8%	$1.5M
GLDSpdr Gold Tr	0.8%	1.2%	4,121	+0.0%	$1.5M
HUTHut 8 Corp	0.8%	0.5%	13,084	-23.7%	$1.5M
CORZCore Scientific Inc New	0.8%	1.7%	58,944	-65.4%	$1.5M
GLXYGalaxy Digital Inc.	0.8%	—	54,342	—	$1.5M
VALValaris Ltd	0.7%	1.1%	19,075	+11.7%	$1.4M
VSTVistra Corp	0.7%	—	8,542	—	$1.4M
AMRAlpha Metallurgical Resour I	0.7%	0.4%	7,817	+154.0%	$1.3M
BTUPeabody Engr Corp	0.6%	—	53,212	—	$1.2M
KKRKkr & Co Inc	0.6%	0.6%	13,019	+27.4%	$1.2M
CIFRCipher Digital Inc	0.6%	1.8%	47,715	-76.8%	$1.2M
NVRNvr Inc	0.6%	—	162	—	$1.1M
SHIPSeanergy Maritime Hldgs Corp	0.5%	—	78,605	—	$1.1M
GNKGenco Shipping & Trading Ltd	0.5%	1.3%	38,213	-55.6%	$947K

What Marnell Management LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

DHT DHT Holdings, Inc.+618.3% shares
AMR Alpha Metallurgical Resour I+154.0% shares
EURN Cmb.tech NV+121.3% shares
RIG Transocean Ltd+118.2% shares
NVGS Navigator Holdings PLC+99.1% shares
TNK Teekay Tankers Ltd+88.4% shares
ECO Okeanis Eco Tankers Cor+80.8% shares
TDW Tidewater Inc New+78.7% shares

Reduced

CIFR Cipher Digital Inc-76.8% shares
CORZ Core Scientific Inc New-65.4% shares
GNK Genco Shipping & Trading Ltd-55.6% shares
WULF Terawulf Inc-52.7% shares
HUT Hut 8 Corp-23.7% shares
ASC Ardmore Shipping Corp-21.1% shares
JBGS Jbg Smith Pptys-15.5% shares
HPP Hudson Pacific Properties in-14.1% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$196.6M	65
Q1 2026	$150.4M	64
Q4 2025	$131.5M	57

Questions about Marnell Management LLC's portfolio

What stocks does Marnell Management LLC own?

Marnell Management LLC's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 65 positions worth $196.6M. The largest are Star Bulk Carriers Corp. (SBLK) at 6.5%, Core Nat Res Inc (CNR) at 5.2%, DHT Holdings, Inc. (DHT) at 4.6%, Terawulf Inc (WULF) at 4.1% and Torm PLC (TRMD) at 3.5%.

What did Marnell Management LLC buy last quarter?

In Q2 2026, Marnell Management LLC added DHT Holdings, Inc. (DHT) (+618.3% shares), Alpha Metallurgical Resour I (AMR) (+154.0% shares) and Cmb.tech NV (EURN) (+121.3% shares), compared with its Q1 2026 filing.

What did Marnell Management LLC sell last quarter?

In Q2 2026, Marnell Management LLC cut from its top 50 Nebius Group N.v. (NBIS), cut from its top 50 Cleanspark Inc Com New (CLSK), cut from its top 50 Builders Firstsource Inc (BLDR), cut from its top 50 Hafnia (HAFN), cut from its top 50 Qxo Inc (QXO), Cipher Digital Inc (CIFR) (-76.8% shares), Core Scientific Inc New (CORZ) (-65.4% shares) and Genco Shipping & Trading Ltd (GNK) (-55.6% shares), compared with its Q1 2026 filing.

When is Marnell Management LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Marnell Management LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Marnell Management LLC manage?

Marnell Management LLC reported $306.1M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $196.6M.