# Markin Asset Management, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2110806. Source: https://holderbook.com/funds/2110806-markin-asset-management-lp/

- Reported value: $116.9M
- Positions: 47
- Weight of the ten largest: 71.3%
- Filed: 2026-07-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $28.8M | 290,898 | 24.6% | 3 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $14.3M | 75,236 | 12.3% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $8.8M | 11,738 | 7.5% | 3 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $7.0M | 138,285 | 6.0% | 3 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $5.0M | 93,802 | 4.3% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $4.6M | 21,703 | 4.0% | 1 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $3.8M | 24,041 | 3.3% | 3 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $3.7M | 19,707 | 3.1% | 3 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $3.6M | 31,064 | 3.1% | 3 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $3.6M | 33,833 | 3.1% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $3.2M | 38,124 | 2.7% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.4M | 3,276 | 2.1% | 3 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $2.3M | 19,531 | 2.0% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.2M | 3,146 | 1.8% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.1M | 7,395 | 1.8% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.0M | 5,733 | 1.7% | 3 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.0M | 5,476 | 1.7% | 3 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $2.0M | 23,687 | 1.7% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.7M | 4,639 | 1.5% | 3 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $1.1M | 13,289 | 0.9% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.1M | 5,370 | 0.9% | 3 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $973.5K | 21,470 | 0.8% | 3 |
| SELECT SECTOR SPDR TR | [XLRE](https://holderbook.com/stocks/XLRE/) | $900.1K | 20,443 | 0.8% | 3 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $879.3K | 16,556 | 0.8% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $831.8K | 3,490 | 0.7% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $764.6K | 1,528 | 0.7% | 3 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $756.2K | 14,876 | 0.6% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $537.9K | 466 | 0.5% | 1 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $477.4K | 1,135 | 0.4% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $475.3K | 396 | 0.4% | 3 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $432.9K | 4,578 | 0.4% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $415.6K | 1,163 | 0.4% | 3 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $378.3K | 873 | 0.3% | 1 |
| CALAMOS ETF TR | [CBOY](https://holderbook.com/stocks/CBOY/) | $358.8K | 14,651 | 0.3% | 3 |
| CALAMOS ETF TR | [CBOJ](https://holderbook.com/stocks/CBOJ/) | $353.5K | 15,022 | 0.3% | 3 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $323.8K | 875 | 0.3% | 3 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $277.2K | 434 | 0.2% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $254.5K | 352 | 0.2% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $250.4K | 830 | 0.2% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $248.6K | 428 | 0.2% | 1 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $246.1K | 735 | 0.2% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $244.4K | 208 | 0.2% | 1 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $230.5K | 2,362 | 0.2% | 3 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $219.2K | 736 | 0.2% | 1 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $215.3K | 1,952 | 0.2% | 1 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $214.3K | 4,236 | 0.2% | 3 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $212.7K | 4,166 | 0.2% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +7.8% | +14.8% | -7.1% | 100% |
| Q1 2026 | -2.9% | -4.6% | +1.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $116.9M | 47 |
| Q1 2026 | $91.1M | 38 |
| Q4 2025 | $91.0M | 45 |