Marino Management, LLC Quant / Systematic

CIK: 0001845680 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $503,551 (100.0% shares, 0.0% debt)

Holdings (10)

New Positions (9)

TIP ISHARES TR 2.8%

Value ($000) $13,898 Shares 126,194 Est. Cost $110.13 Unrealized —

TLT ISHARES TR 2.7%

Value ($000) $13,588 Shares 154,653 Est. Cost $87.86 Unrealized —

IAU ISHARES GOLD TR 2.4%

Value ($000) $12,214 Shares 149,479 Est. Cost $81.71 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 1.4%

Value ($000) $7,099 Shares 113,061 Est. Cost $62.79 Unrealized —

VOO VANGUARD INDEX FDS 1.4%

Value ($000) $6,845 Shares 10,836 Est. Cost $631.72 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 1.1%

Value ($000) $5,396 Shares 100,287 Est. Cost $53.81 Unrealized —

DBC INVESCO DB COMMDY INDX TRCK 0.7%

Value ($000) $3,531 Shares 155,962 Est. Cost $22.64 Unrealized —

DJP BARCLAYS BANK PLC 0.3%

Value ($000) $1,291 Shares 33,691 Est. Cost $38.31 Unrealized —

GSG ISHARES S&P GSCI COMMODITY- 0.2%

Value ($000) $1,214 Shares 52,091 Est. Cost $23.30 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TIP	ISHARES TR	126,194	$13,898	2.8%	$110.13	—	TIPS BD ETF	464287176
TLT	ISHARES TR	154,653	$13,588	2.7%	$87.86	—	20 YR TR BD ETF	464287432
IAU	ISHARES GOLD TR	149,479	$12,214	2.4%	$81.71	—	ISHARES NEW	464285204
VEA	VANGUARD TAX-MANAGED FDS	113,061	$7,099	1.4%	$62.79	—	VAN FTSE DEV MKT	921943858
VOO	VANGUARD INDEX FDS	10,836	$6,845	1.4%	$631.72	—	S&P 500 ETF SHS	922908363
VWO	VANGUARD INTL EQUITY INDEX F	100,287	$5,396	1.1%	$53.81	—	FTSE EMR MKT ETF	922042858
DBC	INVESCO DB COMMDY INDX TRCK	155,962	$3,531	0.7%	$22.64	—	UNIT	46138B103
DJP	BARCLAYS BANK PLC	33,691	$1,291	0.3%	$38.31	—	DJUBS CMDT ETN36	06738C778
GSG	ISHARES S&P GSCI COMMODITY-	52,091	$1,214	0.2%	$23.30	—	UNIT BEN INT	46428R107

Exited Positions (1)

— ISHARES GOLD TRUST 1.0%

Value ($000) $5,077 Shares 312,218 Est. Cost $18.13 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES GOLD TRUST	312,218	$5,077	1.0%	$18.13	—	—	464285105

Decreased Positions (1)

GLD SPDR GOLD TR 87.1%

Value ($000) $438,475 (+16.7%) Shares 1,106,395 (-52.9%) Est. Cost $178.36 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLD	SPDR GOLD TR	1,106,395 (-52.9%)	$438,475 (+16.7%)	87.1%	$178.36	—	GOLD SHS	78463V107