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WAVEMAN · COMPANY
MARA · Mara Holdings, Inc.
> Ask across nine datasets ⌘K
LIVE
TEAM-2.62% 13F +440META+1.00% 13F +2,694RCG+0.35% CLUSTERUTHR-0.54% 13F +425CRWV+5.68% 13F +694CRM-1.97% 13F +1,019CVNA+1.58% 13F +795TPL-1.11% 13F +444NET-1.96% 13F +711MSTR-1.39% 13F +527DELL+1.50% 13F +1,204CRWD-0.87% 13F +1,383ANET+1.22% 13F +1,324COIN-4.18% 13F +475TEAM-2.62% 13F +440META+1.00% 13F +2,694RCG+0.35% CLUSTERUTHR-0.54% 13F +425CRWV+5.68% 13F +694CRM-1.97% 13F +1,019CVNA+1.58% 13F +795TPL-1.11% 13F +444NET-1.96% 13F +711MSTR-1.39% 13F +527DELL+1.50% 13F +1,204CRWD-0.87% 13F +1,383ANET+1.22% 13F +1,324COIN-4.18% 13F +475
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MARA

MARA Holdings, Inc.
FINANCIAL SERVICES · FINANCE SERVICES · CIK 0001507605
FORM 144 · 7☆ WATCH
INSIDER NET · 180D
-$3.9M
open-market buys minus sells, Form 4 codes P and S
INSIDER BUYERS · 180D
0
CONGRESS BUYERS · 1Y
0
FUNDS ADDED · QTR
239
13F, latest reported quarter
REVENUE GROWTH
-39.2%
XBRL, annual
NET MARGIN
-2234.1%
SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST
INSIDERS
net -$3.9M over 180 days
-$1.9M over 90 days
below 67% of Financial Services
CONGRESS
no member of Congress has reported trading it
FUNDS
239 funds added or opened last quarter
more than 82% of Financial Services
REVENUE
-39.2% year over year
below 90% of Financial Services
MARGIN
-2234.1% net margin
below 97% of Financial Services
BUYBACKS
$15.1M repurchased, FY to 2026-06-30
below 64% of Financial Services
SHORT
27.6% of shares outstanding short · 2.0 days to cover · settled 2026-07-31
the highest in Financial Services
THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET
Insiders are net sellers: -$3.9M across 4 people in 180 days.
239 funds added or opened positions in the latest 13F quarter, of 416 holders.
The year, with the filings on it
Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail
TOTAL 12M RETURN -29.6%
-29.6%12M
-58%-25%+9%+42%2025-092025-102025-122026-032026-052026-072026-09 2025-10-15 · Khan Salman Hassan sold $789.8K2025-09-15 · Khan Salman Hassan sold $564.0K2025-10-17 · Thiel Frederick G sold $538.3K2026-04-17 · Nowaid Zabi sold $505.1K2025-09-17 · Thiel Frederick G sold $478.0K2025-09-16 · Thiel Frederick G sold $449.7K2025-11-17 · Khan Salman Hassan sold $416.4K2025-12-15 · Khan Salman Hassan sold $398.7K2025-11-10 · Nowaid Zabi sold $397.1K2026-06-17 · Thiel Frederick G sold $391.9K2026-05-18 · Thiel Frederick G sold $330.1K2025-11-17 · Thiel Frederick G sold $329.8K2026-04-17 · Thiel Frederick G sold $321.3K2026-07-17 · Thiel Frederick G sold $299.8K2026-01-20 · Thiel Frederick G sold $297.1K2025-12-17 · Thiel Frederick G sold $296.2K2026-08-17 · Thiel Frederick G sold $253.3K2026-03-17 · Thiel Frederick G sold $252.5K2026-06-17 · Khan Salman Hassan sold $228.0K2025-09-08 · Mealer-Burke Vicki sold $226.6K2026-02-17 · Thiel Frederick G sold $210.7K2026-05-18 · Khan Salman Hassan sold $192.0K2026-04-17 · Khan Salman Hassan sold $186.9K2026-07-17 · Khan Salman Hassan sold $174.4K2026-08-17 · Khan Salman Hassan sold $147.4K2026-03-17 · Khan Salman Hassan sold $146.9K2026-02-17 · Khan Salman Hassan sold $122.6K2026-06-22 · MELLINGER DOUGLAS K sold $112.0K2026-08-21 · Nowaid Zabi sold $100.5K2026-07-20 · Nowaid Zabi sold $100.5K2026-06-17 · Nowaid Zabi sold $99.8K2026-05-18 · Nowaid Zabi sold $99.0K2025-11-06 · Nowaid Zabi sold $81.6K2025-10-07 · MELLINGER DOUGLAS K sold $20.7K2025-11-10 · MELLINGER DOUGLAS K sold $16.6K2025-09-10 · MELLINGER DOUGLAS K sold $16.1K2025-11-10 · Nowaid Zabi sold $1.5K2026-08-21 · Nowaid Zabi filed to sell $100.0K2026-08-17 · Khan Salman Hassan filed to sell $147.4K2026-08-17 · Thiel Frederick G filed to sell $253.3K2026-07-20 · Nowaid Zabi filed to sell $100.0K2026-07-17 · Khan Salman Hassan filed to sell $174.4K2026-07-17 · Thiel Frederick G filed to sell $299.8K2026-06-22 · MELLINGER DOUGLAS K filed to sell $112.0K
INSIDER SELLFORM 144
INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY
Live price
Daily candles from TradingView, on their licence — no filings are marked on this one
WHY THIS NAME IS ON THE DESK
Insiders have filed to sell — before selling.
The record shows a net $3.9M sold by insiders over 180 days, 239 funds added last quarter, $1.2M in planned Form 144 sales. Every figure is a federal filing, dated the day it became public.
Backtest this pattern Open the screener
Same sector, ranked by filing activity
Sector from the SEC's own SIC classification
MSTRCOINMORNUPSTIBKRCACCARESHOODRKTSCHWDAVEGS
Insider transactions
Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, MARA Holdings, Inc. insiders sold a net $3.9M of stock across 86 Form 4 purchases and sales, with 0 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-06.

INSIDER
FILED
SHARES
VALUE
Nowaid Zabi
General Counsel
SELL
2026-08-21
8,376.0
$100.5K
Thiel Frederick G
Chief Executive Officer
SELL
2026-08-17
27,505.0
$253.3K
Khan Salman Hassan
Chief Financial Officer
SELL
2026-08-17
16,000.0
$147.4K
Nowaid Zabi
General Counsel
SELL
2026-07-20
8,376.0
$100.5K
Khan Salman Hassan
Chief Financial Officer
SELL
2026-07-17
16,000.0
$174.4K
86 TRANSACTIONS ON RECORD

Showing the most recent few. Create a free account to see 81 more transactions on record, the cross-source screener and CSV export. We store only your email address, and there is no password to create.

Institutional holders
13F · holdings as of the latest quarter funds have reported
BlackRock, Inc.
64,095,643.0 sh
$890.3M
VANGUARD PORTFOLIO MANAGEMENT LLC
27,399,926.0 sh
$380.6M
VANGUARD CAPITAL MANAGEMENT LLC
16,544,675.0 sh
$229.8M
STATE STREET CORP
15,901,746.0 sh
$220.9M
GEODE CAPITAL MANAGEMENT, LLC
10,872,917.0 sh
$188.0M
SCHEDULE 13D/G
No 5%+ ownership filings
Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.
Planned sales · Form 144
Filed before the sale — intent, not a trade
Nowaid Zabi
FILED 2026-08-21
$100.0K
Khan Salman Hassan
FILED 2026-08-17
$147.4K
Thiel Frederick G
FILED 2026-08-17
$253.3K
Nowaid Zabi
FILED 2026-07-20
$100.0K
Khan Salman Hassan
FILED 2026-07-17
$174.4K
Fund concentration
N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show
Bitwise Bitcoin Standard Corporations ETF
$1.4M POSITION · AS OF 2026-03-31
7.9%
REX Crypto Equity Premium Income ETF
$5.3M POSITION · AS OF 2026-04-30
5.6%
VanEck Digital Transformation ETF
$13.1M POSITION · AS OF 2026-03-31
4.8%
Bitwise Crypto Industry Innovators ETF
$16.0M POSITION · AS OF 2026-03-31
4.8%
Valkyrie Bitcoin Miners ETF
$6.9M POSITION · AS OF 2026-03-31
4.3%
Global X Blockchain ETF
$9.9M POSITION · AS OF 2026-02-28
4.2%
SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK
Fundamentals
Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all
2025-122024-122023-122022-12
REVENUE$58.7M$96.5M$57.7M$9.9M
GROSS PROFIT———$-33.7M
OPERATING INCOME$-1.2B$306.1M$220.9M$-673.5M
NET INCOME$-1.3B$541.2M$259.1M$-694.0M
EPS (DILUTED)-3.691.721.06-6.12
OPERATING CASH FLOW$-802.7M$-677.0M$-315.7M$-176.5M
CASH$547.1M$391.8M$357.3M$103.7M
LONG-TERM DEBT$3.2B$2.4B$325.7M$782.2M
BUYBACKS$46.9M$37.4M$380.0K$0
SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-06 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE
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Public filings, honestly analyzed. Official US government sources in one desk — every figure carries the date it was filed, and the methodology is published, backtest included.

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© 2026 WAVEMAN · SOURCE: SEC EDGAR & OFFICIAL GOVERNMENT DATA · NOT INVESTMENT ADVICE · CHART BY TRADINGVIEW · UPDATED 2026-09-06 ALL SYSTEMS LIVE FOR MACHINES →