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Asset Manager ← All Institutions

MARINER INVESTMENT GROUP LLC

500 MAMARONECK AVENUE, 4TH FLOOR, HARRISON, NY 10528 • 914-670-4300

Q4 2025 · Filed 2026-02-25
Market Value
$1.6B
+518.5%
Holdings
68
+14
New Purchases
31
Added To
9
Closed
11
Reduced
6
Top 10 Concentration
68.9%
Turnover
61.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 10.45% 0.00% +10.45% $166M
LRCX 7.91% 0.00% +7.91% $126M
GOOG 6.90% 0.00% +6.90% $110M
COST 6.77% 0.00% +6.77% $108M
CSCO 6.64% 0.00% +6.64% $106M
ASML 6.25% 0.00% +6.25% $99M
TXN 6.09% 0.00% +6.09% $97M
NVDA 5.82% 0.00% +5.82% $93M
LIN 5.35% 0.00% +5.35% $85M
INTC 5.10% 0.00% +5.10% $81M
HON 4.80% 0.00% +4.80% $76M
AAPL 4.23% 0.00% +4.23% $67M
MA 3.58% 0.00% +3.58% $57M
CTAS 3.18% 0.00% +3.18% $51M
MCD 3.13% 0.00% +3.13% $50M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IBIT 6.69% 50.87% -44.18% $107M
SPY 0.00% 9.94% -9.94% $0
LQD 0.00% 8.14% -8.14% $0
JFR 0.31% 7.17% -6.86% $5M
RITM-PD 0.59% 4.31% -3.72% $9M
BHF 0.00% 2.80% -2.80% $0
RWT 0.26% 1.91% -1.65% $4M
DUK 0.38% 1.92% -1.55% $6M
ETR 0.26% 1.63% -1.37% $4M
LECO 0.24% 1.37% -1.13% $4M
VST 0.05% 1.14% -1.09% $807K
CEG 0.00% 1.04% -1.04% $0
FOUR 0.49% 1.35% -0.86% $8M
WMB 0.17% 0.98% -0.81% $3M
AMD 0.00% 0.79% -0.79% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 69.4%
Real Estate 13.7%
Technology 4.9%
Industrials 3.8%
Energy 3.5%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 15 $1.2B 78.2%
Large Cap 30 $301M 18.9%
Mid Cap 14 $33M 2.1%
Small Cap 6 $13M 0.8%
Micro Cap 3 $1K 0.0%

Portfolio Analytics

Avg Market Cap
$357.9B
Median Market Cap
$33.0B
Avg P/E
34.6
Median P/E
29.0
Avg Dividend Yield
0.04%
Avg Beta
1.35
# Stocks
59
# ETFs / Funds
9

Top Holdings (68 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 10.45% 344,000 $166M $483.62 +344,000 NEW
2 LRCX 7.91% 736,000 $126M $171.18 +736,000 NEW
3 GOOG 6.90% 350,000 $110M $313.80 +350,000 NEW
4 COST 6.77% 125,000 $108M $862.34 +125,000 NEW
5 IBIT 6.69% 2,146,536 $107M $49.65 -$24M +131,442 +6.5%
6 CSCO 6.64% 1,372,000 $106M $77.03 +1,372,000 NEW
7 ASML 6.25% 93,000 $99M $1,069.86 +93,000 NEW
8 TXN 6.09% 559,000 $97M $173.49 +559,000 NEW
9 NVDA 5.82% 497,000 $93M $186.50 +497,000 NEW
10 LIN 5.35% 200,000 $85M $426.39 +200,000 NEW
11 INTC 5.10% 2,200,000 $81M $36.90 +2,200,000 NEW
12 HON 4.80% 392,000 $76M $195.09 +392,000 NEW
13 AAPL 4.23% 248,000 $67M $271.86 +248,000 NEW
14 MA 3.58% 100,000 $57M $570.88 +100,000 NEW
15 CTAS 3.18% 269,000 $51M $188.07 +269,000 NEW
16 MCD 3.13% 163,000 $50M $305.63 +163,000 NEW
17 LOW 1.53% 101,000 $24M $241.16 +101,000 NEW
18 IGLB 1.27% 400,000 $20M $50.45 +400,000 NEW
19 RITM-PD 0.59% 868,711 $9M $10.90 -$2M -106,289 -10.9%
20 FOUR 0.49% 125,000 $8M $62.97 $4M +80,000 +177.8%
21 DUK 0.38% 51,250 $6M $117.21 $1M +11,250 +28.1%
22 JFR 0.31% 633,488 $5M $7.83 -$14M -1,623,706 -71.9%
23 ETR 0.26% 45,000 $4M $92.43 -$34K
24 RWT 0.26% 745,346 $4M $5.53 -$785K -102,065 -12.0%
25 LECO 0.24% 16,000 $4M $239.64 $297K +1,000 +6.7%
26 CIM 0.23% 290,000 $4M $12.43 $2M +175,000 +152.2%
27 MTZ 0.20% 14,500 $3M $217.37 $3M +12,900 +806.2%
28 WMB 0.17% 45,000 $3M $60.11 $171K +5,000 +12.5%
29 TLN 0.12% 5,000 $2M $374.84 +5,000 NEW
30 FIX 0.12% 2,000 $2M $933.29 +2,000 NEW
31 RRC 0.10% 46,000 $2M $35.26 $1M +31,000 +206.7%
32 FERG 0.08% 6,000 $1M $222.63 +6,000 NEW
33 AR 0.08% 38,500 $1M $34.46 +38,500 NEW
34 CMCSA 0.08% 42,500 $1M $29.89 +42,500 NEW
35 EQT 0.07% 20,000 $1M $53.60 +20,000 NEW
36 DY 0.06% 3,000 $1M $337.90 +3,000 NEW
37 KR 0.06% 15,000 $937K $62.48 $263K +5,000 +50.0%
38 VST 0.05% 5,000 $807K $161.33 -$2M -10,000 -66.7%
39 VMI 0.05% 2,000 $805K $402.32 $29K
40 CC 0.04% 55,000 $648K $11.79 -$223K
41 LUMN 0.04% 75,000 $583K $7.77 $124K
42 CCK 0.03% 5,000 $515K $102.97 +5,000 NEW
43 LGN 0.03% 10,000 $430K $43.04 +10,000 NEW
44 WOLF 0.02% 20,000 $348K $17.41 -$367K -5,000 -20.0%
45 MLM 0.02% 500 $311K $622.66 -$4K
46 CRDO 0.02% 2,000 $288K $143.89 +2,000 NEW
47 VMC 0.02% 1,000 $285K $285.22 -$22K
48 NE 0.02% 10,000 $282K $28.24 -$400
49 XPRO 0.02% 20,000 $267K $13.35 $29K
50 SHY 0.01% 2,636 $218K $82.82 +2,636 NEW
51 WOR 0.01% 4,196 $216K $51.57 +4,196 NEW
52 TDS 0.01% 5,000 $205K $41.00 +5,000 NEW
53 HYG 0.01% 2,500 $202K $80.63 +2,500 NEW
54 CRWV 0.01% 2,000 $143K $71.61 -$130K
55 EIM 0.01% 12,181 $119K $9.73 -$1M -104,666 -89.6%
56 WAVSW —% 30,000 $1K $0.03 -$192
57 BSLKW —% 19,150 $317 $0.02 -$449
58 AMD —% -$2M -12,500 -100.0% SOLD
59 USM —% -$1M -21,292 -100.0% SOLD
60 CEG —% -$3M -8,100 -100.0% SOLD
61 SSTK —% -$336K -16,114 -100.0% SOLD
62 UPS —% -$835K -10,000 -100.0% SOLD
63 CRH.L —% -$360K -3,000 -100.0% SOLD
64 BHF —% -$7M -136,000 -100.0% SOLD
65 LQD —% -$21M -188,000 -100.0% SOLD
66 SPY —% -$26M -38,422 -100.0% SOLD
67 DAN —% -$200K -10,000 -100.0% SOLD
68 SVXY —% -$637K -12,500 -100.0% SOLD

Options Breakdown

18 Calls $3M Call Value 29 Puts $5M Put Value 1.85 P/C Ratio

Top Calls

SymbolSharesValueStatus
GLW 200,000 $738K
VRT 75,000 $664K NEW
CEG 30,000 $562K NEW
CAT 40,000 $210K NEW
VST 35,000 $197K
AVGO 10,000 $181K NEW
WMB 150,000 $125K
RRC 130,000 $91K
QQQ 50,000 $67K NEW
SPY 50,000 $39K NEW

Top Puts

SymbolSharesValueStatus
LYB 500,000 $1M
CCOI 105,000 $478K
LEN 58,500 $459K NEW
DOW 550,000 $412K
OLN 200,000 $362K
FSK 425,000 $266K
DHI 61,500 $258K NEW
BLDR 100,000 $238K
POST 75,000 $225K
HYG 1,496,000 $193K

New Positions

SymbolValue% Port
MSFT $166M 10.45%
LRCX $126M 7.91%
GOOG $110M 6.90%
COST $108M 6.77%
CSCO $106M 6.64%
ASML $99M 6.25%
TXN $97M 6.09%
NVDA $93M 5.82%
LIN $85M 5.35%
INTC $81M 5.10%
HON $76M 4.80%
AAPL $67M 4.23%
MA $57M 3.58%
CTAS $51M 3.18%
MCD $50M 3.13%

Sold Out Positions

SymbolValue% Port
SSTK —%
UPS —%
DAN —%
AMD —%
BHF —%
LQD —%
CEG —%
SPY —%
SVXY —%
CRH.L —%
USM —%
View SEC EDGAR Filings for MARINER INVESTMENT GROUP LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms