Mariner Investment Group

NEW YORK, NYfiles as MARINER INVESTMENT GROUP LLC

$271m in 64 US stocks at the end of 30 June 2026. The top 10 are 77.0% of the money. It changed about 36.1% of the portfolio this quarter.

Value

$271m

Stocks

Top 10 share

77.0%

Turnover

36.1%

What changed this quarter

New

Bought for the first time this quarter.

State STR Spdr S&P 500 ETF TSPY
21.0% of the fund
Ishares TRMUB
1.8% of the fund
CorningGLW
1.3% of the fund
Shift4 Pmts
1.3% of the fund
Ferguson EnterprisesFERG
1.0% of the fund
IsharesEWZ
1.0% of the fund
Ishares TRIEF
0.8% of the fund
Ishares TRHYG
0.7% of the fund
Toll BrothersTOL
0.6% of the fund
Brighthouse FinancialBHF
0.6% of the fund
Ishares TRTLT
0.6% of the fund
Comfort Systems USAFIX
0.5% of the fund
IrenIREN
0.5% of the fund
GE VernovaGEV
0.4% of the fund
SabreSABR
0.3% of the fund
Qnity ElectronicsQ
0.2% of the fund
Cipher DigitalCIFR
0.2% of the fund
Cisco SystemsCSCO
0.2% of the fund
CoreWeaveCRWV
0.2% of the fund
FlexFLEX
0.2% of the fund
McDonald'sMCD
0.1% of the fund
USA Rare EarthUSAR
0.1% of the fund
AevexAVEX
0.1% of the fund
Tower SemiconductorTSEM
<0.1% of the fund
Enphase EnergyENPH
<0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TRSHY
3.1% of the fund
+33%
Lincoln Electric HoldingsLECO
1.5% of the fund
+162%
Williams CompaniesWMB
1.5% of the fund
+22%
MastecMTZ
1.2% of the fund
+33%
Ishares TRIEI
0.9% of the fund
+169%
Lumen TechnologiesLUMN
0.5% of the fund
+133%
Wix.comWIX
0.3% of the fund
+90%
Karman HoldingsKRMN
0.3% of the fund
+200%
Core ScientificCORZ
0.2% of the fund
+25%
ExproXPRO
0.2% of the fund
+50%
iHeartMediaIHRT
0.2% of the fund
+62%
Telephone & Data SystemsTDS
0.1% of the fund
+100%

Cut

Sold some of their stake.

Shift4 PaymentsFOUR
0.9% of the fund
-66%
WolfspeedWOLF
0.2% of the fund
-60%
CPI Card GroupPMTS
<0.1% of the fund
-28%

Sold out

Sold their entire stake.

CaterpillarCAT
-100%
Solstice Advanced MaterialsSOLS
-100%
LegenceLGN
-100%
Microchip TechnologyMCHP
-100%
MACOM Technology Solutions HoldingsMTSI
-100%
WingstopWING
-100%

Holdings

Ishares Bitcoin Trust ETFIBIT
Share
38.4%
Value
$104m
Shares
3,129,352
Held
State STR Spdr S&P 500 ETF TSPY
Share
21.0%
Value
$57m
Shares
76,475
New
Rithm CapitalRITM
Share
4.6%
Value
$13m
Shares
1,332,583
Held
Ishares TRSHY
Share
3.1%
Value
$8m
Shares
101,199
+33%
Chimera InvestmentCIM
Share
1.9%
Value
$5m
Shares
378,899
Held
Ishares TRMUB
Share
1.8%
Value
$5m
Shares
45,454
New
EntergyETR
Share
1.7%
Value
$5m
Shares
40,000
Held
Vanguard Scottsdale FDSVCSH
Share
1.6%
Value
$4m
Shares
53,317
Held
Lincoln Electric HoldingsLECO
Share
1.5%
Value
$4m
Shares
15,705
+162%
Williams CompaniesWMB
Share
1.5%
Value
$4m
Shares
55,000
+22%
CorningGLW
Share
1.3%
Value
$4m
Shares
14,000
New
Shift4 Pmts
Share
1.3%
Value
$3m
Shares
55,000
New
MastecMTZ
Share
1.2%
Value
$3m
Shares
8,000
+33%
Grupo Aeromexico SAB de CVAERO
Share
1.1%
Value
$3m
Shares
169,280
Held
Ferguson EnterprisesFERG
Share
1.0%
Value
$3m
Shares
12,000
New
IsharesEWZ
Share
1.0%
Value
$3m
Shares
80,000
New
Redwood TrustRWT
Share
1.0%
Value
$3m
Shares
550,361
Held
Shift4 PaymentsFOUR
Share
0.9%
Value
$2m
Shares
50,000
-66%
Ishares TRIEI
Share
0.9%
Value
$2m
Shares
20,551
+169%
Ishares TRIEF
Share
0.8%
Value
$2m
Shares
22,596
New
MFA FinancialMFA
Share
0.7%
Value
$2m
Shares
210,000
Held
PennyMac Mortgage Investment TrustPMT
Share
0.7%
Value
$2m
Shares
180,000
Held
Ishares TRHYG
Share
0.7%
Value
$2m
Shares
24,600
New
Toll BrothersTOL
Share
0.6%
Value
$2m
Shares
10,000
New
Brighthouse FinancialBHF
Share
0.6%
Value
$2m
Shares
25,000
New
Ishares TRTLT
Share
0.6%
Value
$2m
Shares
18,080
New
Comfort Systems USAFIX
Share
0.5%
Value
$1m
Shares
750
New
IrenIREN
Share
0.5%
Value
$1m
Shares
30,000
New
Lumen TechnologiesLUMN
Share
0.5%
Value
$1m
Shares
175,000
+133%
Dynex CapitalDX
Share
0.5%
Value
$1m
Shares
95,000
Held
GE VernovaGEV
Share
0.4%
Value
$1m
Shares
1,000
New
Ishares TRIGV
Share
0.4%
Value
$1m
Shares
12,500
Held
Range ResourcesRRC
Share
0.4%
Value
$1m
Shares
30,000
Held
EQTEQT
Share
0.4%
Value
$1m
Shares
20,000
Held
SabreSABR
Share
0.3%
Value
$836,000
Shares
400,000
New
WalmartWMT
Share
0.3%
Value
$822,721
Shares
7,264
Held
Wix.comWIX
Share
0.3%
Value
$777,823
Shares
17,144
+90%
Karman HoldingsKRMN
Share
0.3%
Value
$748,800
Shares
15,000
+200%
Qnity ElectronicsQ
Share
0.2%
Value
$653,240
Shares
4,000
New
Core ScientificCORZ
Share
0.2%
Value
$639,750
Shares
25,000
+25%
Cipher DigitalCIFR
Share
0.2%
Value
$612,500
Shares
25,000
New
Cisco SystemsCSCO
Share
0.2%
Value
$587,300
Shares
5,000
New
Crown HoldingsCCK
Share
0.2%
Value
$559,100
Shares
5,000
Held
AESAES
Share
0.2%
Value
$513,100
Shares
35,000
Held
CoreWeaveCRWV
Share
0.2%
Value
$497,700
Shares
5,000
New
FlexFLEX
Share
0.2%
Value
$486,210
Shares
3,000
New
WolfspeedWOLF
Share
0.2%
Value
$482,500
Shares
10,000
-60%
ExproXPRO
Share
0.2%
Value
$443,100
Shares
30,000
+50%
iHeartMediaIHRT
Share
0.2%
Value
$437,855
Shares
102,064
+62%
TWO Harbors InvestmentTWO
Share
0.1%
Value
$406,750
Shares
32,776
Held
McDonald'sMCD
Share
0.1%
Value
$405,465
Shares
1,500
New
TPG Mortgage Investment TrustMITT
Share
0.1%
Value
$380,904
Shares
48,094
Held
NobleNE
Share
0.1%
Value
$373,000
Shares
10,000
Held
Telephone & Data SystemsTDS
Share
0.1%
Value
$370,100
Shares
10,000
+100%
Packaging Corp of AmericaPKG
Share
0.1%
Value
$357,420
Shares
1,500
Held
USA Rare EarthUSAR
Share
0.1%
Value
$323,700
Shares
15,000
New
AevexAVEX
Share
0.1%
Value
$282,600
Shares
13,528
New
CPI Card GroupPMTS
Share
<0.1%
Value
$271,179
Shares
13,050
-28%
Tower SemiconductorTSEM
Share
<0.1%
Value
$260,640
Shares
1,000
New
Enphase EnergyENPH
Share
<0.1%
Value
$246,200
Shares
5,000
New
Angel Oak Mortgage REITAOMR
Share
<0.1%
Value
$161,206
Shares
17,754
Held
Bleichroeder AcquisitiBBCQW
Share
<0.1%
Value
$21,800
Shares
10,000
New
Borealis FoodsBRLSW
Share
<0.1%
Value
$1,093
Shares
23,300
Held
CycurionCYCUW
Share
<0.1%
Value
$525
Shares
30,000
Held

Company	Share of fund	Value	Shares	Change
Ishares Bitcoin Trust ETFIBIT	38.4%	$104m	3,129,352	Held
State STR Spdr S&P 500 ETF TSPY	21.0%	$57m	76,475	New
Rithm CapitalRITM	4.6%	$13m	1,332,583	Held
Ishares TRSHY	3.1%	$8m	101,199	+33%
Chimera InvestmentCIM	1.9%	$5m	378,899	Held
Ishares TRMUB	1.8%	$5m	45,454	New
EntergyETR	1.7%	$5m	40,000	Held
Vanguard Scottsdale FDSVCSH	1.6%	$4m	53,317	Held
Lincoln Electric HoldingsLECO	1.5%	$4m	15,705	+162%
Williams CompaniesWMB	1.5%	$4m	55,000	+22%
CorningGLW	1.3%	$4m	14,000	New
Shift4 Pmts	1.3%	$3m	55,000	New
MastecMTZ	1.2%	$3m	8,000	+33%
Grupo Aeromexico SAB de CVAERO	1.1%	$3m	169,280	Held
Ferguson EnterprisesFERG	1.0%	$3m	12,000	New
IsharesEWZ	1.0%	$3m	80,000	New
Redwood TrustRWT	1.0%	$3m	550,361	Held
Shift4 PaymentsFOUR	0.9%	$2m	50,000	-66%
Ishares TRIEI	0.9%	$2m	20,551	+169%
Ishares TRIEF	0.8%	$2m	22,596	New
MFA FinancialMFA	0.7%	$2m	210,000	Held
PennyMac Mortgage Investment TrustPMT	0.7%	$2m	180,000	Held
Ishares TRHYG	0.7%	$2m	24,600	New
Toll BrothersTOL	0.6%	$2m	10,000	New
Brighthouse FinancialBHF	0.6%	$2m	25,000	New
Ishares TRTLT	0.6%	$2m	18,080	New
Comfort Systems USAFIX	0.5%	$1m	750	New
IrenIREN	0.5%	$1m	30,000	New
Lumen TechnologiesLUMN	0.5%	$1m	175,000	+133%
Dynex CapitalDX	0.5%	$1m	95,000	Held
GE VernovaGEV	0.4%	$1m	1,000	New
Ishares TRIGV	0.4%	$1m	12,500	Held
Range ResourcesRRC	0.4%	$1m	30,000	Held
EQTEQT	0.4%	$1m	20,000	Held
SabreSABR	0.3%	$836,000	400,000	New
WalmartWMT	0.3%	$822,721	7,264	Held
Wix.comWIX	0.3%	$777,823	17,144	+90%
Karman HoldingsKRMN	0.3%	$748,800	15,000	+200%
Qnity ElectronicsQ	0.2%	$653,240	4,000	New
Core ScientificCORZ	0.2%	$639,750	25,000	+25%
Cipher DigitalCIFR	0.2%	$612,500	25,000	New
Cisco SystemsCSCO	0.2%	$587,300	5,000	New
Crown HoldingsCCK	0.2%	$559,100	5,000	Held
AESAES	0.2%	$513,100	35,000	Held
CoreWeaveCRWV	0.2%	$497,700	5,000	New
FlexFLEX	0.2%	$486,210	3,000	New
WolfspeedWOLF	0.2%	$482,500	10,000	-60%
ExproXPRO	0.2%	$443,100	30,000	+50%
iHeartMediaIHRT	0.2%	$437,855	102,064	+62%
TWO Harbors InvestmentTWO	0.1%	$406,750	32,776	Held
McDonald'sMCD	0.1%	$405,465	1,500	New
TPG Mortgage Investment TrustMITT	0.1%	$380,904	48,094	Held
NobleNE	0.1%	$373,000	10,000	Held
Telephone & Data SystemsTDS	0.1%	$370,100	10,000	+100%
Packaging Corp of AmericaPKG	0.1%	$357,420	1,500	Held
USA Rare EarthUSAR	0.1%	$323,700	15,000	New
AevexAVEX	0.1%	$282,600	13,528	New
CPI Card GroupPMTS	<0.1%	$271,179	13,050	-28%
Tower SemiconductorTSEM	<0.1%	$260,640	1,000	New
Enphase EnergyENPH	<0.1%	$246,200	5,000	New
Angel Oak Mortgage REITAOMR	<0.1%	$161,206	17,754	Held
Bleichroeder AcquisitiBBCQW	<0.1%	$21,800	10,000	New
Borealis FoodsBRLSW	<0.1%	$1,093	23,300	Held
CycurionCYCUW	<0.1%	$525	30,000	Held

Options (49)

Invesco QQQ TRQQQ
Type
Call
Value
$19m
Contracts
1,400,000
CoherentCOHR
Type
Call
Value
$2m
Contracts
36,500
CienaCIEN
Type
Call
Value
$2m
Contracts
36,000
Qnity ElectronicsQ
Type
Call
Value
$2m
Contracts
100,000
EntegrisENTG
Type
Call
Value
$1m
Contracts
50,000
Lyondellbasell Industries NV
Type
Put
Value
$1m
Contracts
200,000
GE VernovaGEV
Type
Call
Value
$846,000
Contracts
10,000
CaterpillarCAT
Type
Call
Value
$790,113
Contracts
15,500
Shift4 PaymentsFOUR
Type
Call
Value
$667,500
Contracts
150,000
OlinOLN
Type
Put
Value
$665,450
Contracts
254,000
DOWDOW
Type
Put
Value
$620,733
Contracts
268,500
Quanta ServicesPWR
Type
Call
Value
$607,500
Contracts
30,000
Solstice Advanced MaterialsSOLS
Type
Call
Value
$502,900
Contracts
94,000
Ishares TRHYG
Type
Put
Value
$492,000
Contracts
1,900,000
Invesco Exch Traded FD TR IIBKLN
Type
Put
Value
$421,160
Contracts
1,423,200
NokiaNOK
Type
Call
Value
$365,000
Contracts
500,000
Apollo Global ManagementAPO
Type
Put
Value
$286,000
Contracts
40,000
State STR Spdr S&P 500 ETF TSPY
Type
Put
Value
$275,705
Contracts
170,000
Post HoldingsPOST
Type
Put
Value
$266,250
Contracts
75,000
FS KKR CapitalFSK
Type
Put
Value
$257,500
Contracts
700,000
Howmet AerospaceHWM
Type
Call
Value
$235,500
Contracts
70,000
Ares ManagementARES
Type
Put
Value
$222,000
Contracts
40,000
STMicroelectronicsSTM
Type
Call
Value
$161,025
Contracts
28,500
Invesco QQQ TRQQQ
Type
Put
Value
$152,224
Contracts
26,800
LennarLEN
Type
Put
Value
$151,813
Contracts
123,500
Oaktree Specialty LendingOCSL
Type
Put
Value
$136,800
Contracts
304,000
Blackstone Secured Lending FundBXSL
Type
Put
Value
$105,625
Contracts
325,000
Ares CapitalARCC
Type
Put
Value
$95,000
Contracts
200,000
EatonETN
Type
Put
Value
$94,500
Contracts
18,000
Golub Capital BDCGBDC
Type
Put
Value
$87,500
Contracts
200,000
Iren Limited
Type
Call
Value
$69,000
Contracts
40,000
Ishares TRTLT
Type
Call
Value
$60,000
Contracts
250,000
Horton D RDHI
Type
Put
Value
$55,350
Contracts
61,500
International Business MachinesIBM
Type
Call
Value
$47,353
Contracts
23,500
Select Sector Spdr TRXLE
Type
Put
Value
$40,000
Contracts
100,000
Williams CompaniesWMB
Type
Call
Value
$38,750
Contracts
50,000
State STR Spdr S&P 500 ETF TSPY
Type
Call
Value
$32,250
Contracts
50,000
AlbemarleALB
Type
Call
Value
$27,050
Contracts
40,000
Ishares TRITA
Type
Put
Value
$26,000
Contracts
10,000
United STS Oil FD LPUSO
Type
Put
Value
$24,800
Contracts
20,000
PultegroupPHM
Type
Put
Value
$23,450
Contracts
33,500
Ishares TRLQD
Type
Put
Value
$18,239
Contracts
158,600
Karman HoldingsKRMN
Type
Call
Value
$17,100
Contracts
18,000
Carrier GlobalCARR
Type
Put
Value
$16,250
Contracts
50,000
Shift4 PaymentsFOUR
Type
Put
Value
$15,000
Contracts
50,000
International PaperIP
Type
Put
Value
$13,750
Contracts
50,000
Spdr Series TrustKRE
Type
Put
Value
$11,800
Contracts
20,000
PAN American SilverPAAS
Type
Call
Value
$6,250
Contracts
25,000
CorningGLW
Type
Call
Value
$0
Contracts
0

Company	Type	Value	Contracts
Invesco QQQ TRQQQ	Call	$19m	1,400,000
CoherentCOHR	Call	$2m	36,500
CienaCIEN	Call	$2m	36,000
Qnity ElectronicsQ	Call	$2m	100,000
EntegrisENTG	Call	$1m	50,000
Lyondellbasell Industries NV	Put	$1m	200,000
GE VernovaGEV	Call	$846,000	10,000
CaterpillarCAT	Call	$790,113	15,500
Shift4 PaymentsFOUR	Call	$667,500	150,000
OlinOLN	Put	$665,450	254,000
DOWDOW	Put	$620,733	268,500
Quanta ServicesPWR	Call	$607,500	30,000
Solstice Advanced MaterialsSOLS	Call	$502,900	94,000
Ishares TRHYG	Put	$492,000	1,900,000
Invesco Exch Traded FD TR IIBKLN	Put	$421,160	1,423,200
NokiaNOK	Call	$365,000	500,000
Apollo Global ManagementAPO	Put	$286,000	40,000
State STR Spdr S&P 500 ETF TSPY	Put	$275,705	170,000
Post HoldingsPOST	Put	$266,250	75,000
FS KKR CapitalFSK	Put	$257,500	700,000
Howmet AerospaceHWM	Call	$235,500	70,000
Ares ManagementARES	Put	$222,000	40,000
STMicroelectronicsSTM	Call	$161,025	28,500
Invesco QQQ TRQQQ	Put	$152,224	26,800
LennarLEN	Put	$151,813	123,500
Oaktree Specialty LendingOCSL	Put	$136,800	304,000
Blackstone Secured Lending FundBXSL	Put	$105,625	325,000
Ares CapitalARCC	Put	$95,000	200,000
EatonETN	Put	$94,500	18,000
Golub Capital BDCGBDC	Put	$87,500	200,000
Iren Limited	Call	$69,000	40,000
Ishares TRTLT	Call	$60,000	250,000
Horton D RDHI	Put	$55,350	61,500
International Business MachinesIBM	Call	$47,353	23,500
Select Sector Spdr TRXLE	Put	$40,000	100,000
Williams CompaniesWMB	Call	$38,750	50,000
State STR Spdr S&P 500 ETF TSPY	Call	$32,250	50,000
AlbemarleALB	Call	$27,050	40,000
Ishares TRITA	Put	$26,000	10,000
United STS Oil FD LPUSO	Put	$24,800	20,000
PultegroupPHM	Put	$23,450	33,500
Ishares TRLQD	Put	$18,239	158,600
Karman HoldingsKRMN	Call	$17,100	18,000
Carrier GlobalCARR	Put	$16,250	50,000
Shift4 PaymentsFOUR	Put	$15,000	50,000
International PaperIP	Put	$13,750	50,000
Spdr Series TrustKRE	Put	$11,800	20,000
PAN American SilverPAAS	Call	$6,250	25,000
CorningGLW	Call	$0	0

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is down 0.9% since 30 June 2025.

Where the money is

Real estate9.7%

Industrials5.3%

Technology3.1%

Energy2.6%

Financial services2.4%

Utilities1.9%

Media & telecom0.8%

Retail & consumer0.8%

Materials0.5%

Everyday goods0.3%

Other72.6%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.