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Portfolio (Quarterly) Guide ↗

Tannin Capital LLC

· CIK 0002110834
13F Portfolio $138M AUM 152 positions Filed May 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 23 New 76 Added 33 Reduced 6 Exited
Page 4 of 4  ·  76 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 NTRA NATERA INC Healthcare 1,471.0 $294K 0.21% +102.0 +7.5% $199.99 +38.1%
62 UNH UNITEDHEALTH GROUP INC Healthcare 1,086.0 $294K 0.21% +33.0 +3.1% $270.59 +57.6%
63 UBER UBER TECHNOLOGIES INC Technology 4,013.0 $289K 0.21% +359.0 +9.8% $71.93 +1.0%
64 GRMN GARMIN LTD Technology 1,204.0 $279K 0.20% +113.0 +10.4% $232.01 +2.4%
65 SYM SYMBOTIC INC Industrials 4,964.0 $264K 0.19% +729.0 +17.2% $53.20 -15.5%
66 MANH MANHATTAN ASSOCIATES INC Technology 1,921.0 $256K 0.19% +117.0 +6.5% $133.12 +10.0%
67 FCN FTI CONSULTING INC Industrials 1,440.0 $255K 0.18% +92.0 +6.8% $176.77 -15.5%
68 MS MORGAN STANLEY Financial Services 1,518.0 $250K 0.18% +190.0 +14.3% $164.57 +28.7%
69 PRI PRIMERICA INC Financial Services 970.0 $243K 0.18% +15.0 +1.6% $250.48 +16.4%
70 DCI DONALDSON INC Industrials 2,797.0 $237K 0.17% +42.0 +1.5% $84.87 +4.3%
71 VONG VANGUARD SCOTTSDALE FDS 2,014.0 $221K 0.16% +36.0 +1.8% $109.71 +15.3%
72 XLK SELECT SECTOR SPDR TR 1,630.0 $217K 0.16% +9.0 +0.6% $132.87 +39.7%
73 GEOS GEOSPACE TECHNOLOGIES CORP Energy 17,209.0 $210K 0.15% +4K +27.1% $12.20 -44.7%
74 CALY TOPGOLF CALLAWAY BRANDS CORP Consumer Cyclical 12,520.0 $174K 0.13% +280.0 +2.3% $13.88 +34.3%
75 RWT REDWOOD TRUST INC Real Estate 27,672.0 $155K 0.11% +15K +121.7% $5.61 -16.8%
76 SPRY ARS PHARMACEUTICALS INC Healthcare 18,593.0 $149K 0.11% +6K +42.3% $8.03 -1.1%
Page 4 of 4  ·  76 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 24.2%
Financial Services 22.0%
Industrials 13.1%
Communication Services 9.9%
Healthcare 9.2%
Consumer Cyclical 7.0%
Consumer Defensive 6.0%
Energy 5.0%
Utilities 2.4%
Basic Materials 0.6%