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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 7 of 8  ·  152 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 IQVIA HLDGS INC 1,671.0 $285K 0.21% $170.54
122 GRMN GARMIN LTD Technology 1,204.0 $279K 0.20% +113.0 +10.4% $232.01 +2.4%
123 VRTX VERTEX PHARMACEUTICALS INC Healthcare 609.0 $272K 0.20% $446.54 +11.2%
124 HUBB HUBBELL INC Industrials 544.0 $267K 0.19% $490.74 -0.1%
125 AXP AMERICAN EXPRESS CO Financial Services 875.0 $265K 0.19% $302.48 +15.0%
126 SYM SYMBOTIC INC Industrials 4,964.0 $264K 0.19% +729.0 +17.2% $53.20 -15.5%
127 VICR VICOR CORP Technology 1,635.0 $263K 0.19% NEW $161.00 +117.5%
128 MANH MANHATTAN ASSOCIATES INC Technology 1,921.0 $256K 0.19% +117.0 +6.5% $133.12 +10.0%
129 FCN FTI CONSULTING INC Industrials 1,440.0 $255K 0.18% +92.0 +6.8% $176.77 -15.5%
130 ANNALY CAPITAL MANAGEMENT IN 11,982.0 $253K 0.18% NEW $21.15
131 MS MORGAN STANLEY Financial Services 1,518.0 $250K 0.18% +190.0 +14.3% $164.57 +28.7%
132 XLB SELECT SECTOR SPDR TR 4,995.0 $250K 0.18% -1K -18.5% $49.97 +2.1%
133 PRI PRIMERICA INC Financial Services 970.0 $243K 0.18% +15.0 +1.6% $250.48 +16.4%
134 UI UBIQUITI INC Technology 305.0 $241K 0.17% NEW $790.29 -32.1%
135 DCI DONALDSON INC Industrials 2,797.0 $237K 0.17% +42.0 +1.5% $84.87 +4.3%
136 EFA ISHARES TR 2,421.0 $235K 0.17% $97.13 +6.1%
137 NEM NEWMONT CORP Basic Materials 2,095.0 $227K 0.17% NEW $108.25 -13.8%
138 PLD PROLOGIS INC. Real Estate 1,710.0 $226K 0.16% NEW $132.18 +3.5%
139 MRK MERCK & CO INC Healthcare 1,873.0 $225K 0.16% -61.0 -3.1% $120.30 +4.2%
140 NEE NEXTERA ENERGY INC Utilities 2,421.0 $225K 0.16% -99.0 -3.9% $92.86 -7.0%
Page 7 of 8  ·  152 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%