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Portfolio (Quarterly) Guide ↗

Tannin Capital LLC

· CIK 0002110834
13F Portfolio $152M AUM 169 positions Filed Aug 4, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q1 2026 · All 27 New 55 Added 70 Reduced 10 Exited
Page 4 of 4  ·  70 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 GRMN GARMIN LTD Technology 1,148.0 $273K 0.18% -56.0 -4.7% $237.54 +20.1%
62 XLB SELECT SECTOR SPDR TR 4,906.0 $249K 0.16% -89.0 -1.8% $50.83 +4.6%
63 CARR CARRIER GLOBAL CORPORATION Industrials 3,338.0 $245K 0.16% -340.0 -9.2% $73.35 -19.8%
64 SBUX STARBUCKS CORP Consumer Cyclical 2,386.0 $244K 0.16% -1K -36.2% $102.19 +5.5%
65 FLR FLUOR CORP Industrials 4,492.0 $235K 0.15% -183.0 -3.9% $52.39 +1.7%
66 SYM SYMBOTIC INC Industrials 4,922.0 $221K 0.14% -42.0 -0.8% $44.95 -11.3%
67 CALY CALLAWAY GOLF CO Consumer Cyclical 11,521.0 $216K 0.14% -999.0 -8.0% $18.79 -16.5%
68 AM ANTERO MIDSTREAM CORP Energy 9,336.0 $212K 0.14% -493.0 -5.0% $22.75 -2.0%
69 MRK MERCK & CO INC Healthcare 1,625.0 $209K 0.14% -248.0 -13.2% $128.46 +15.4%
70 SPRY ARS PHARMACEUTICALS INC Healthcare 16,440.0 $132K 0.09% -2K -11.6% $8.01 -26.5%
Page 4 of 4  ·  70 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 28.1%
Financial Services 24.3%
Industrials 10.9%
Healthcare 9.3%
Communication Services 8.1%
Consumer Cyclical 6.9%
Consumer Defensive 5.3%
Energy 4.2%
Utilities 2.2%
Basic Materials 0.6%