Institutional Manager · CIK 0001845680
Marino Management, LLC
Westport, CT · File #028-20790
Latest AUM
$503.6M
Positions
11
Top-10 Concentration
99.8%
Filings
1
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | SPDR GOLD TR | GLD | +435,303 | +$172.5M | $0 |
| NEW | ISHARES TR | 464287176 | +126,194 | +$13.9M | $0 |
| NEW | ISHARES TR | 464287432 | +154,653 | +$13.6M | $0 |
| NEW | ISHARES GOLD TR | IAU | +149,479 | +$12.2M | $0 |
| NEW | VANGUARD TAX-MANAGED FDS | 921943858 | +113,061 | +$7.1M | $0 |
| NEW | VANGUARD INDEX FDS | 922908363 | +10,836 | +$6.8M | $0 |
| NEW | VANGUARD INTL EQUITY INDEX F | 922042858 | +100,287 | +$5.4M | $0 |
| NEW | INVESCO DB COMMDY INDX TRCK | IVZ | +155,962 | +$3.5M | $0 |
| NEW | BARCLAYS BANK PLC | VXZ | +33,691 | +$1.3M | $0 |
| NEW | ISHARES S&P GSCI COMMODITY- | ISMCF | +52,091 | +$1.2M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202511 pos · $503.6M
Top 11 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SPDR GOLD TR | GLD | 671,092 | $266.0M | 52.82% |
| 2 | SPDR GOLD TR | GLD | 435,303 | $172.5M | 34.26% |
| 3 | ISHARES TR | 464287176 | 126,194 | $13.9M | 2.76% |
| 4 | ISHARES TR | 464287432 | 154,653 | $13.6M | 2.70% |
| 5 | ISHARES GOLD TR | IAU | 149,479 | $12.2M | 2.43% |
| 6 | VANGUARD TAX-MANAGED FDS | 921943858 | 113,061 | $7.1M | 1.41% |
| 7 | VANGUARD INDEX FDS | 922908363 | 10,836 | $6.8M | 1.36% |
| 8 | VANGUARD INTL EQUITY INDEX F | 922042858 | 100,287 | $5.4M | 1.07% |
| 9 | INVESCO DB COMMDY INDX TRCK | IVZ | 155,962 | $3.5M | 0.70% |
| 10 | BARCLAYS BANK PLC | VXZ | 33,691 | $1.3M | 0.26% |
| 11 | ISHARES S&P GSCI COMMODITY- | ISMCF | 52,091 | $1.2M | 0.24% |