Managers / Q4 2025 · view latest →
Marnell Management LLC
CIK 0001852314 · 30445 NORTHWESTERN HIGHWAY, SUITE 235, FARMINGTON HILLS, MI, 48334 · 248-579-4531
Summary
Marnell Management LLC reported $206M in U.S.-listed holdings across 62 positions for Q4 2025.
Its largest position, Star Bulk Carriers, represents 3.4% of the portfolio.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 34.4% · $71M
- Common Stock · 30.3% · $62M
- Other · 26.8% · $55M
- REIT · 8.0% · $17M
- NY Reg Shrs · 0.3% · $678,446
- Other · 0.2% · $336,174
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPDR S&P 500 ETF TR | NEW | +100.0K | 100.0K | +$68M | $68M |
| STAR BULK CARRIERS CORP. | NEW | +584.1K | 584.1K | +$11M | $11M |
| JBGSJBG SMITH PPTYS | NEW | +385.5K | 385.5K | +$7M | $7M |
| HCCWARRIOR MET COAL INC | NEW | +74.2K | 74.2K | +$7M | $7M |
| WULFTERAWULF INC | NEW | +565.9K | 565.9K | +$7M | $7M |
| CNRCORE NATURAL RESOURCES INC | NEW | +68.1K | 68.1K | +$6M | $6M |
| INTERNATIONAL SEAWAYS INC | NEW | +123.8K | 123.8K | +$6M | $6M |
| GENCO SHIPPING & TRADING LTD | NEW | +285.5K | 285.5K | +$5M | $5M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.