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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 2 of 2  ·  33 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 RBC RBC BEARINGS INC Industrials 920.0 $500K 0.36% -16.0 -1.7% $543.12 +14.2%
22 XLF SELECT SECTOR SPDR TR 7,423.0 $366K 0.27% -1K -13.0% $49.37 +11.0%
23 WTS WATTS WATER TECHNOLOGIES INC Industrials 1,213.0 $352K 0.26% -30.0 -2.4% $290.29 +34.8%
24 VFH VANGUARD WORLD FD 2,837.0 $343K 0.25% -420.0 -12.9% $120.81 +11.2%
25 XLP SELECT SECTOR SPDR TR 3,808.0 $312K 0.23% -1K -27.9% $81.98 +1.6%
26 XLV SELECT SECTOR SPDR TR 2,075.0 $304K 0.22% -593.0 -22.2% $146.61 +8.8%
27 TDY TELEDYNE TECHNOLOGIES INC Technology 484.0 $293K 0.21% -32.0 -6.2% $605.01 +9.3%
28 XLI SELECT SECTOR SPDR TR 1,809.0 $293K 0.21% -110.0 -5.7% $161.73 +13.4%
29 XLB SELECT SECTOR SPDR TR 4,995.0 $250K 0.18% -1K -18.5% $49.97 +2.1%
30 MRK MERCK & CO INC Healthcare 1,873.0 $225K 0.16% -61.0 -3.1% $120.30 +4.2%
31 NEE NEXTERA ENERGY INC Utilities 2,421.0 $225K 0.16% -99.0 -3.9% $92.86 -7.0%
32 LOW LOWES COS INC Consumer Cyclical 901.0 $213K 0.15% -199.0 -18.1% $236.28 -6.1%
33 CARR CARRIER GLOBAL CORPORATION Industrials 3,678.0 $207K 0.15% -288.0 -7.3% $56.31 +28.0%
Page 2 of 2  ·  33 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%