Markin Asset Management, LP

RYE, NY

$117m in 47 US stocks at the end of 30 June 2026. The top 10 are 71.3% of the money. It changed about 16.0% of the portfolio this quarter.

Value

$117m

Stocks

Top 10 share

71.3%

Turnover

16.0%

What changed this quarter

New

Bought for the first time this quarter.

Invesco Exchange Traded FD TRSP
4.0% of the fund
Micron TechnologyMU
0.5% of the fund
Lam ResearchLRCX
0.3% of the fund
Western DigitalWDC
0.2% of the fund
Applied MaterialsAMAT
0.2% of the fund
KLAKLAC
0.2% of the fund
Advanced Micro DevicesAMD
0.2% of the fund
Vertiv HoldingsVRT
0.2% of the fund
GE VernovaGEV
0.2% of the fund
Marvell TechnologyMRVL
0.2% of the fund
Ishares TRIWR
0.2% of the fund

Added

Bought more of a stock they already held.

Select Sector Spdr TRXLK
12.3% of the fund
+7%
State STR Spdr S&P 500 ETF TSPY
7.5% of the fund
+78%
Select Sector Spdr TRXLF
4.3% of the fund
+23%
Select Sector Spdr TRXLV
3.3% of the fund
+36%
Select Sector Spdr TRXLI
3.1% of the fund
+24%
Select Sector Spdr TRXLY
3.1% of the fund
+33%
Select Sector Spdr TRXLC
3.1% of the fund
+32%
Vanguard Intl Equity Index FVEU
2.7% of the fund
+935%
AlphabetGOOG
1.7% of the fund
+105%
Select Sector Spdr TRXLP
1.7% of the fund
+45%
Select Sector Spdr TRXLU
0.8% of the fund
+14%
Select Sector Spdr TRXLRE
0.8% of the fund
+25%
Select Sector Spdr TRXLB
0.6% of the fund
+36%

Cut

Sold some of their stake.

Ishares TRTFLO
6.0% of the fund
-9%
Invesco QQQ TRQQQ
2.1% of the fund
-4%
Ishares TRIEI
2.0% of the fund
-21%
Vanguard Index FDSVOO
1.8% of the fund
-4%
Spdr Gold TRGLD
1.7% of the fund
-4%
MicrosoftMSFT
1.5% of the fund
-6%
Ishares TRSHY
0.9% of the fund
-7%
NvidiaNVDA
0.9% of the fund
-3%
Select Sector Spdr TRXLE
0.8% of the fund
-12%
Amazon.comAMZN
0.7% of the fund
-3%
Berkshire HathawayBRK-B
0.7% of the fund
-9%
Ishares TRIEF
0.4% of the fund
-17%
AlphabetGOOGL
0.4% of the fund
-17%
Ishares TRIAGG
0.2% of the fund
-9%
Fidelity Wise Origin BitcoinFBTC
0.2% of the fund
-3%

Sold out

Sold their entire stake.

BroadcomAVGO
-100%
Palantir TechnologiesPLTR
-100%

Holdings

Ishares TRAGG
Share
24.6%
Value
$29m
Shares
290,898
Held
Select Sector Spdr TRXLK
Share
12.3%
Value
$14m
Shares
75,236
+7%
State STR Spdr S&P 500 ETF TSPY
Share
7.5%
Value
$9m
Shares
11,738
+78%
Ishares TRTFLO
Share
6.0%
Value
$7m
Shares
138,285
-9%
Select Sector Spdr TRXLF
Share
4.3%
Value
$5m
Shares
93,802
+23%
Invesco Exchange Traded FD TRSP
Share
4.0%
Value
$5m
Shares
21,703
New
Select Sector Spdr TRXLV
Share
3.3%
Value
$4m
Shares
24,041
+36%
Select Sector Spdr TRXLI
Share
3.1%
Value
$4m
Shares
19,707
+24%
Select Sector Spdr TRXLY
Share
3.1%
Value
$4m
Shares
31,064
+33%
Select Sector Spdr TRXLC
Share
3.1%
Value
$4m
Shares
33,833
+32%
Vanguard Intl Equity Index FVEU
Share
2.7%
Value
$3m
Shares
38,124
+935%
Invesco QQQ TRQQQ
Share
2.1%
Value
$2m
Shares
3,276
-4%
Ishares TRIEI
Share
2.0%
Value
$2m
Shares
19,531
-21%
Vanguard Index FDSVOO
Share
1.8%
Value
$2m
Shares
3,146
-4%
AppleAAPL
Share
1.8%
Value
$2m
Shares
7,395
Held
AlphabetGOOG
Share
1.7%
Value
$2m
Shares
5,733
+105%
Spdr Gold TRGLD
Share
1.7%
Value
$2m
Shares
5,476
-4%
Select Sector Spdr TRXLP
Share
1.7%
Value
$2m
Shares
23,687
+45%
MicrosoftMSFT
Share
1.5%
Value
$2m
Shares
4,639
-6%
Ishares TRSHY
Share
0.9%
Value
$1m
Shares
13,289
-7%
NvidiaNVDA
Share
0.9%
Value
$1m
Shares
5,370
-3%
Select Sector Spdr TRXLU
Share
0.8%
Value
$973,468
Shares
21,470
+14%
Select Sector Spdr TRXLRE
Share
0.8%
Value
$900,113
Shares
20,443
+25%
Select Sector Spdr TRXLE
Share
0.8%
Value
$879,281
Shares
16,556
-12%
Amazon.comAMZN
Share
0.7%
Value
$831,807
Shares
3,490
-3%
Berkshire HathawayBRK-B
Share
0.7%
Value
$764,596
Shares
1,528
-9%
Select Sector Spdr TRXLB
Share
0.6%
Value
$756,158
Shares
14,876
+36%
Micron TechnologyMU
Share
0.5%
Value
$537,899
Shares
466
New
TeslaTSLA
Share
0.4%
Value
$477,381
Shares
1,135
Held
Eli LillyLLY
Share
0.4%
Value
$475,348
Shares
396
Held
Ishares TRIEF
Share
0.4%
Value
$432,941
Shares
4,578
-17%
AlphabetGOOGL
Share
0.4%
Value
$415,621
Shares
1,163
-17%
Lam ResearchLRCX
Share
0.3%
Value
$378,297
Shares
873
New
Calamos ETF TRCBOY
Share
0.3%
Value
$358,804
Shares
14,651
Held
Calamos ETF TRCBOJ
Share
0.3%
Value
$353,478
Shares
15,022
Held
Vanguard Index FDSVTI
Share
0.3%
Value
$323,785
Shares
875
Held
Western DigitalWDC
Share
0.2%
Value
$277,204
Shares
434
New
Applied MaterialsAMAT
Share
0.2%
Value
$254,496
Shares
352
New
KLAKLAC
Share
0.2%
Value
$250,419
Shares
830
New
Advanced Micro DevicesAMD
Share
0.2%
Value
$248,629
Shares
428
New
Vertiv HoldingsVRT
Share
0.2%
Value
$246,093
Shares
735
New
GE VernovaGEV
Share
0.2%
Value
$244,371
Shares
208
New
Ishares TRAOA
Share
0.2%
Value
$230,531
Shares
2,362
Held
Marvell TechnologyMRVL
Share
0.2%
Value
$219,247
Shares
736
New
Ishares TRIWR
Share
0.2%
Value
$215,345
Shares
1,952
New
Ishares TRIAGG
Share
0.2%
Value
$214,342
Shares
4,236
-9%
Fidelity Wise Origin BitcoinFBTC
Share
0.2%
Value
$212,674
Shares
4,166
-3%

Company	Share of fund	Value	Shares	Change
Ishares TRAGG	24.6%	$29m	290,898	Held
Select Sector Spdr TRXLK	12.3%	$14m	75,236	+7%
State STR Spdr S&P 500 ETF TSPY	7.5%	$9m	11,738	+78%
Ishares TRTFLO	6.0%	$7m	138,285	-9%
Select Sector Spdr TRXLF	4.3%	$5m	93,802	+23%
Invesco Exchange Traded FD TRSP	4.0%	$5m	21,703	New
Select Sector Spdr TRXLV	3.3%	$4m	24,041	+36%
Select Sector Spdr TRXLI	3.1%	$4m	19,707	+24%
Select Sector Spdr TRXLY	3.1%	$4m	31,064	+33%
Select Sector Spdr TRXLC	3.1%	$4m	33,833	+32%
Vanguard Intl Equity Index FVEU	2.7%	$3m	38,124	+935%
Invesco QQQ TRQQQ	2.1%	$2m	3,276	-4%
Ishares TRIEI	2.0%	$2m	19,531	-21%
Vanguard Index FDSVOO	1.8%	$2m	3,146	-4%
AppleAAPL	1.8%	$2m	7,395	Held
AlphabetGOOG	1.7%	$2m	5,733	+105%
Spdr Gold TRGLD	1.7%	$2m	5,476	-4%
Select Sector Spdr TRXLP	1.7%	$2m	23,687	+45%
MicrosoftMSFT	1.5%	$2m	4,639	-6%
Ishares TRSHY	0.9%	$1m	13,289	-7%
NvidiaNVDA	0.9%	$1m	5,370	-3%
Select Sector Spdr TRXLU	0.8%	$973,468	21,470	+14%
Select Sector Spdr TRXLRE	0.8%	$900,113	20,443	+25%
Select Sector Spdr TRXLE	0.8%	$879,281	16,556	-12%
Amazon.comAMZN	0.7%	$831,807	3,490	-3%
Berkshire HathawayBRK-B	0.7%	$764,596	1,528	-9%
Select Sector Spdr TRXLB	0.6%	$756,158	14,876	+36%
Micron TechnologyMU	0.5%	$537,899	466	New
TeslaTSLA	0.4%	$477,381	1,135	Held
Eli LillyLLY	0.4%	$475,348	396	Held
Ishares TRIEF	0.4%	$432,941	4,578	-17%
AlphabetGOOGL	0.4%	$415,621	1,163	-17%
Lam ResearchLRCX	0.3%	$378,297	873	New
Calamos ETF TRCBOY	0.3%	$358,804	14,651	Held
Calamos ETF TRCBOJ	0.3%	$353,478	15,022	Held
Vanguard Index FDSVTI	0.3%	$323,785	875	Held
Western DigitalWDC	0.2%	$277,204	434	New
Applied MaterialsAMAT	0.2%	$254,496	352	New
KLAKLAC	0.2%	$250,419	830	New
Advanced Micro DevicesAMD	0.2%	$248,629	428	New
Vertiv HoldingsVRT	0.2%	$246,093	735	New
GE VernovaGEV	0.2%	$244,371	208	New
Ishares TRAOA	0.2%	$230,531	2,362	Held
Marvell TechnologyMRVL	0.2%	$219,247	736	New
Ishares TRIWR	0.2%	$215,345	1,952	New
Ishares TRIAGG	0.2%	$214,342	4,236	-9%
Fidelity Wise Origin BitcoinFBTC	0.2%	$212,674	4,166	-3%

Over time and by industry

Value over time

Dec '25

Jun '26

Value is up 28.4% since 31 December 2025.

Where the money is

Technology6.1%

Media & telecom2.1%

Retail & consumer1.1%

Financial services0.7%

Industrials0.4%

Health care0.4%

Other89.2%

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.