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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 8 of 8  ·  152 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 AM ANTERO MIDSTREAM CORP Energy 9,829.0 $224K 0.16% NEW $22.80 -1.6%
142 VONG VANGUARD SCOTTSDALE FDS 2,014.0 $221K 0.16% +36.0 +1.8% $109.71 +15.3%
143 FLR FLUOR CORP Industrials 4,675.0 $218K 0.16% NEW $46.65 +7.9%
144 XLK SELECT SECTOR SPDR TR 1,630.0 $217K 0.16% +9.0 +0.6% $132.87 +39.7%
145 LOW LOWES COS INC Consumer Cyclical 901.0 $213K 0.15% -199.0 -18.1% $236.28 -6.1%
146 GEOS GEOSPACE TECHNOLOGIES CORP Energy 17,209.0 $210K 0.15% +4K +27.1% $12.20 -44.7%
147 CARR CARRIER GLOBAL CORPORATION Industrials 3,678.0 $207K 0.15% -288.0 -7.3% $56.31 +28.0%
148 RSP INVESCO EXCHANGE TRADED FD T 1,050.0 $202K 0.15% $191.92 +11.2%
149 IXUS ISHARES TR 2,312.0 $200K 0.14% NEW $86.64 +8.9%
150 CALY TOPGOLF CALLAWAY BRANDS CORP Consumer Cyclical 12,520.0 $174K 0.13% +280.0 +2.3% $13.88 +34.3%
151 RWT REDWOOD TRUST INC Real Estate 27,672.0 $155K 0.11% +15K +121.7% $5.61 -16.8%
152 SPRY ARS PHARMACEUTICALS INC Healthcare 18,593.0 $149K 0.11% +6K +42.3% $8.03 -1.1%
Page 8 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%