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Portfolio (Quarterly) Guide ↗

Tannin Capital LLC

· CIK 0002110834
13F Portfolio $112M AUM Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 135 New
Page 7 of 7  ·  135 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 FCN FTI CONSULTING INC Industrials 1,348.0 $230K 0.21% NEW $170.83 -12.6%
122 UPS UNITED PARCEL SERVICE INC Industrials 2,317.0 $230K 0.20% NEW $99.19 +10.4%
123 GEOS GEOSPACE TECHNOLOGIES CORP Energy 13,545.0 $229K 0.20% NEW $16.91 -60.1%
124 SBUX STARBUCKS CORP Consumer Cyclical 2,652.0 $223K 0.20% NEW $84.21 +22.8%
125 GRMN GARMIN LTD Technology 1,091.0 $221K 0.20% NEW $202.85 +17.2%
126 SNOW SNOWFLAKE INC Technology 985.0 $216K 0.19% NEW $219.36 +19.1%
127 IVW ISHARES TR 1,701.0 $210K 0.19% NEW $123.26 +11.0%
128 CARR CARRIER GLOBAL CORPORATION Industrials 3,966.0 $210K 0.19% NEW $52.84 +36.4%
129 INTU INTUIT Technology 313.0 $207K 0.18% NEW $662.42 -59.7%
130 MRK MERCK & CO INC Healthcare 1,934.0 $204K 0.18% NEW $105.24 +19.1%
131 NEE NEXTERA ENERGY INC Utilities 2,520.0 $202K 0.18% NEW $80.29 +7.6%
132 RSP INVESCO EXCHANGE TRADED FD T 1,050.0 $201K 0.18% NEW $191.56 +11.4%
133 SPRY ARS PHARMACEUTICALS INC Healthcare 13,066.0 $152K 0.14% NEW $11.65 -31.8%
134 CALY TOPGOLF CALLAWAY BRANDS CORP Consumer Cyclical 12,240.0 $143K 0.13% NEW $11.67 +59.7%
135 RWT REDWOOD TRUST INC Real Estate 12,483.0 $69K 0.06% NEW $5.53 -15.6%
Page 7 of 7  ·  135 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 28.8%
Financial Services 22.9%
Industrials 11.0%
Communication Services 10.3%
Healthcare 9.0%
Consumer Cyclical 7.6%
Consumer Defensive 4.8%
Energy 3.1%
Utilities 2.2%
Basic Materials 0.3%