Tannin Capital LLC
Sector Allocation
- Other26.7%$40.6M
- Technology24.6%$37.4M
- Financials19.1%$29.1M
- Industrials8.4%$12.8M
- Healthcare6.5%$9.9M
- Consumer Discretionary4.7%$7.1M
- Consumer Staples3.0%$4.6M
- Energy2.7%$4.2M
- Utilities1.5%$2.2M
- Communication Services1.4%$2.1M
AUM History
13fpro.ai/research/fund/tannin-capital-llc-2110834
Conviction and streaks
Diversifying · top 10 = 29.8%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
BRK.A
$6.0M- GLOBAL$5.7M
JPM
$5.5MAAPL
$5.3MGOOGL
$4.6MNVDA
$4.6M- VANGUARD$3.7M
AVGO
$3.4MGS
$3.3MABBV
$3.2M- VANGUARD$2.8M
MSFT
$2.6MHD
$2.4MSPY
$2.4MJNJ
$2.1MV
$1.9MEMR
$1.9M- VANGUARD$1.8M
DOV
$1.8MCSCO
$1.7M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/tannin-capital-llc-2110834
Tannin Capital LLC 13F holdings — Q2 2026
$152.2M portfolio (+10.4% QoQ) · 169 holdings · Q2 2026 13F · top 10 are 30% of the stock portfolio
$6.0M
3.9% of stocks
No changeThis quarter—Since filed2 qtrsHeld- 2
GLOBAL X FDS - 1 3 MO T BI ET
$5.7M
3.8% of stocks
-29%This quarter—Since filed—HeldAIQuality—Est. buy— $5.5M
3.6% of stocks
-1%This quarter-6.6%Since filed3+ qtrsHeld$5.3M
3.5% of stocks
-6%This quarter+11.2%Since filed3+ qtrsHeld$4.6M
3.0% of stocks
-5%This quarter-16.3%Since filed3+ qtrsHeld$4.6M
3.0% of stocks
+5%This quarter+1.9%Since filed3+ qtrsHeld- 7
VANGUARD INDEX FDS - S&P 500 ETF SHS
$3.7M
2.4% of stocks
-5%This quarter—Since filed—HeldAIQuality—Est. buy— $3.4M
2.2% of stocks
+0.9%This quarter-21.3%Since filed3+ qtrsHeld$3.3M
2.2% of stocks
-5%This quarter-15.2%Since filed3+ qtrsHeld$3.2M
2.1% of stocks
-2%This quarter+17.6%Since filed3+ qtrsHeld
All holdings — Tannin Capital LLC (Q2 2026)
169 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — | VANGUARD INDEX FDS - GROWTH ETFetf/fund | — | $2.8M | 1.8% | 33K | +483% | — | — | 13F |
| 12 | MICROSOFT CORP | Technology | $2.6M | 1.7% | 6,911 | +12% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | HOME DEPOT, INC. | Consumer Discretionary | $2.4M | 1.6% | 6,862 | +8% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | SPDR S&P 500 ETF TRUSTetf/fund | — | $2.4M | 1.6% | 3,214 | -7% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | JOHNSON & JOHNSON | Healthcare | $2.1M | 1.4% | 8,084 | +1% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | VISA INC. | Financials | $1.9M | 1.2% | 5,519 | -7% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | EMERSON ELECTRIC CO | Industrials | $1.9M | 1.2% | 13K | -0.3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | — | VANGUARD INDEX FDS - TOTAL STK MKTetf/fund | — | $1.8M | 1.2% | 4,905 | -4% | — | — | 13F |
| 19 | DOVER Corpetf/fund | Industrials | $1.8M | 1.2% | 11K | -5% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | CISCO SYSTEMS, INC. | Technology | $1.7M | 1.1% | 15K | -18% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | iShares Bitcoin Trust ETFetf/fund | Financials | $1.6M | 1.1% | 49K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Seagate Technology Holdings plc | Technology | $1.6M | 1.1% | 1,673 | — | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | AMAZON COM INC | Consumer Discretionary | $1.6M | 1.1% | 6,771 | +5% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | — | ISHARES TR - RUS 1000 VAL ETFetf/fund | — | $1.6M | 1.1% | 6,629 | -3% | — | — | 13F |
| 25 | Alphabet Inc. | Technology | $1.6M | 1.0% | 4,479 | -5% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $META | Meta Platforms, Inc. | Technology | $1.6M | 1.0% | 2,796 | +8% | |||
| 27 | — | ISHARES TR - CORE S&P MCP ETF | — | $1.5M | 1.0% | 19K | -4% | |||
| 28 | — | SPDR INDEX SHS FDS - ST STR PO EX ETF | — | $1.4M | 0.9% | 28K | +9% | |||
| 29 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $1.3M | 0.9% | 2,661 | -6% | |||
| 30 | — | AMPLIFY ETF TR - CWP ENHANCED DIV | — | $1.3M | 0.9% | 29K | -8% | |||
| 31 | — | ISHARES TR - RUS 1000 GRW ETF | — | $1.3M | 0.8% | 10K | +300% | |||
| 32 | $INTC | INTEL CORP | Technology | $1.3M | 0.8% | 9,092 | -26% | |||
| 33 | — | STATE STR SPDR DOW JONES IND - UT SER 1 | — | $1.3M | 0.8% | 2,416 | -5% | |||
| 34 | $WMT | Walmart Inc. | Consumer Staples | $1.3M | 0.8% | 11K | -12% | |||
| 35 | $SO | SOUTHERN CO | Utilities | $1.2M | 0.8% | 13K | +1% | |||
| 36 | $CVX | CHEVRON CORP | Energy | $1.2M | 0.8% | 7,411 | -2% | |||
| 37 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $1.2M | 0.8% | 8,233 | +10% | |||
| 38 | $EME | EMCOR Group, Inc. | Industrials | $1.2M | 0.8% | 1,435 | -7% | |||
| 39 | $CSX | CSX CORP | Industrials | $1.2M | 0.8% | 24K | -6% | |||
| 40 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $1.1M | 0.8% | 1,560 | +7% | |||
| 41 | $RTX | RTX Corp | Industrials | $1.1M | 0.8% | 6,048 | -10% | |||
| 42 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $1.1M | 0.7% | 20K | -12% | |||
| 43 | $OKE | ONEOK INC /NEW/ | Energy | $1.1M | 0.7% | 13K | — | |||
| 44 | — | ISHARES TR - CORE S&P US GWT | — | $1.1M | 0.7% | 5,814 | +0.0% | |||
| 45 | $IVZ | Invesco Ltd. | Financials | $1.0M | 0.7% | 23K | -7% | |||
| 46 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $987K | 0.7% | 4,918 | -0.9% | |||
| 47 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $968K | 0.6% | 3,443 | -0.1% | |||
| 48 | $KMB | KIMBERLY CLARK CORP | Materials | $918K | 0.6% | 8,361 | +100% | |||
| 49 | $CL | COLGATE PALMOLIVE CO | Consumer Staples | $901K | 0.6% | 9,829 | +5% | |||
| 50 | $SHOP | SHOPIFY INC. | Technology | $861K | 0.6% | 7,545 | +2% | |||
| 51 | — | VANGUARD WHITEHALL FDS - HIGH DIV YLD | — | $861K | 0.6% | 5,448 | -5% | |||
| 52 | — | SCHWAB STRATEGIC TR - US BRD MKT ETF | — | $860K | 0.6% | 30K | +0.0% | |||
| 53 | — | ISHARES TR - S&P MC 400GR ETF | — | $814K | 0.5% | 6,931 | -4% | |||
| 54 | — | ISHARES TR - S&P SML 600 GWT | — | $791K | 0.5% | 4,430 | -8% | |||
| 55 | $DUK | Duke Energy CORP | Utilities | $787K | 0.5% | 6,215 | +3% | |||
| 56 | $GLD | SPDR GOLD TRUST | Financials | $763K | 0.5% | 2,072 | — | |||
| 57 | — | ISHARES TR - CORE S&P500 ETF | — | $747K | 0.5% | 998 | -0.3% | |||
| 58 | $NFLX | NETFLIX INC | Communication Services | $747K | 0.5% | 10K | +15% | |||
| 59 | $PEP | PEPSICO INC | Consumer Staples | $707K | 0.5% | 5,222 | -26% | |||
| 60 | $MCD | MCDONALDS CORP | Consumer Discretionary | $704K | 0.5% | 2,604 | +73% | |||
| 61 | $BKNG | Booking Holdings Inc. | Consumer Discretionary | $687K | 0.5% | 3,854 | +2842% | |||
| 62 | — | VANECK ETF TRUST - OIL SERVICES ETF | — | $682K | 0.5% | 1,833 | -61% | |||
| 63 | — | VANGUARD WORLD FD - INF TECH ETF | — | $674K | 0.4% | 5,638 | +612% | |||
| 64 | $SPOT | Spotify Technology S.A. | Communication Services | $671K | 0.4% | 1,461 | +5% | |||
| 65 | $CB | Chubb Ltd | Financials | $662K | 0.4% | 1,944 | +22% | |||
| 66 | $TFC | TRUIST FINANCIAL CORP | Financials | $627K | 0.4% | 13K | +2% | |||
| 67 | — | VANGUARD SPECIALIZED FUNDS - DIV APP ETF | — | $627K | 0.4% | 2,649 | -2% | |||
| 68 | — | VANGUARD INDEX FDS - MCAP GR IDXVIP | — | $625K | 0.4% | 2,039 | -10% | |||
| 69 | — | ISHARES TR - CORE HIGH DV ETF | — | $622K | 0.4% | 23K | +376% | |||
| 70 | $VICR | VICOR CORP | Technology | $616K | 0.4% | 1,621 | -0.9% | |||
| 71 | $FAST | FASTENAL CO | Industrials | $609K | 0.4% | 13K | -13% | |||
| 72 | $TEL | TE Connectivity plc | Technology | $603K | 0.4% | 2,992 | +2% | |||
| 73 | $BX | Blackstone Inc. | Financials | $592K | 0.4% | 5,032 | +46% | |||
| 74 | $MA | Mastercard Inc | Financials | $581K | 0.4% | 1,131 | New | |||
| 75 | $ABT | ABBOTT LABORATORIES | Healthcare | $570K | 0.4% | 6,284 | +10% | |||
| 76 | $RBC | RBC Bearings INC | Industrials | $544K | 0.4% | 844 | -8% | |||
| 77 | $IE | Ivanhoe Electric Inc. | Materials | $527K | 0.3% | 55K | +1% | |||
| 78 | $LLY | ELI LILLY & Co | Healthcare | $517K | 0.3% | 431 | +12% | |||
| 79 | — | ISHARES TR - CORE MSCI INTL | — | $513K | 0.3% | 5,758 | +44% | |||
| 80 | — | GLOBAL X FDS - ARTIFICIAL ETF | — | $508K | 0.3% | 7,748 | New | |||
| 81 | — | VANGUARD INTL EQUITY INDEX F - ALLWRLD EX US | — | $508K | 0.3% | 6,064 | +20% | |||
| 82 | $UPS | UNITED PARCEL SERVICE INC | Industrials | $506K | 0.3% | 4,704 | +8% | |||
| 83 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $503K | 0.3% | 538 | -10% | |||
| 84 | $CAT | CATERPILLAR INC | Industrials | $503K | 0.3% | 472 | -30% | |||
| 85 | $RJF | RAYMOND JAMES FINANCIAL INC | Financials | $489K | 0.3% | 3,219 | +11% | |||
| 86 | $LNG | Cheniere Energy, Inc. | Energy | $485K | 0.3% | 2,031 | +9% | |||
| 87 | $SPCX | SPACE EXPLORATION TECHNOLOGIES CORP | Technology | $473K | 0.3% | 2,771 | New | |||
| 88 | $CASY | CASEYS GENERAL STORES INC | Consumer Discretionary | $468K | 0.3% | 589 | -2% | |||
| 89 | $BP | BP PLC | Energy | $463K | 0.3% | 13K | +4% | |||
| 90 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $461K | 0.3% | 1,109 | +2% | |||
| 91 | $FDX | FEDEX CORP | Industrials | $453K | 0.3% | 1,447 | -23% | |||
| 92 | $EW | Edwards Lifesciences Corp | Healthcare | $450K | 0.3% | 4,976 | -10% | |||
| 93 | $USAR | USA Rare Earth, Inc. | Materials | $450K | 0.3% | 21K | -7% | |||
| 94 | $AMAT | APPLIED MATERIALS INC /DE | Technology | $437K | 0.3% | 604 | New | |||
| 95 | $SYK | STRYKER CORP | Healthcare | $433K | 0.3% | 1,375 | +18% | |||
| 96 | $ORCL | ORACLE CORP | Technology | $424K | 0.3% | 2,890 | -5% | |||
| 97 | $OII | OCEANEERING INTERNATIONAL INC | Energy | $409K | 0.3% | 10K | -4% | |||
| 98 | $TSCO | TRACTOR SUPPLY CO /DE/ | Consumer Discretionary | $407K | 0.3% | 13K | +4% | |||
| 99 | — | SELECT SECTOR SPDR TR - ST STR FINL ETF | — | $402K | 0.3% | 7,491 | +0.9% | |||
| 100 | $AXP | AMERICAN EXPRESS CO | Financials | $397K | 0.3% | 1,175 | +34% | |||
| 101 | $NTRA | Natera, Inc. | Healthcare | $389K | 0.3% | 1,434 | -3% | |||
| 102 | $FIG | Figma, Inc. | Technology | $385K | 0.3% | 21K | +22% | |||
| 103 | $MELI | MERCADOLIBRE INC | Consumer Discretionary | $375K | 0.3% | 221 | +8% | |||
| 104 | $ACN | Accenture plc | Technology | $368K | 0.2% | 2,958 | New | |||
| 105 | $RY | ROYAL BANK OF CANADA | Financials | $368K | 0.2% | 1,778 | -3% | |||
| 106 | $T | AT&T INC. | Communication Services | $363K | 0.2% | 18K | -1% | |||
| 107 | $DIS | Walt Disney Co | Communication Services | $357K | 0.2% | 3,709 | +2% | |||
| 108 | $PFE | PFIZER INC | Healthcare | $356K | 0.2% | 15K | -6% | |||
| 109 | $UBER | Uber Technologies, Inc | Technology | $351K | 0.2% | 4,870 | +21% | |||
| 110 | — | VANGUARD WORLD FD - FINANCIALS ETF | — | $350K | 0.2% | 2,661 | -6% | |||
| 111 | $ODFL | OLD DOMINION FREIGHT LINE, INC. | Industrials | $343K | 0.2% | 1,585 | — | |||
| 112 | $ADI | ANALOG DEVICES INC | Technology | $338K | 0.2% | 850 | -12% | |||
| 113 | $MS | MORGAN STANLEY | Financials | $336K | 0.2% | 1,606 | +6% | |||
| 114 | $CRM | Salesforce, Inc. | Technology | $332K | 0.2% | 2,121 | +14% | |||
| 115 | $BWXT | BWX Technologies, Inc. | Industrials | $330K | 0.2% | 1,697 | -11% | |||
| 116 | — | SCHWAB STRATEGIC TR - US LCAP GR ETF | — | $329K | 0.2% | 9,719 | -4% | |||
| 117 | $TDY | TELEDYNE TECHNOLOGIES INC | Technology | $323K | 0.2% | 485 | +0.2% | |||
| 118 | $SSD | Simpson Manufacturing Co., Inc. | Industrials | $323K | 0.2% | 1,544 | -9% | |||
| 119 | $IQV | IQVIA HOLDINGS INC. | Healthcare | $323K | 0.2% | 1,671 | — | |||
| 120 | — | SELECT SECTOR SPDR TR - ST STR INDL ETF | — | $321K | 0.2% | 1,735 | -4% | |||
| 121 | $HONA | Honeywell Aerospace Inc. | Industrials | $314K | 0.2% | 1,425 | New | |||
| 122 | — | SELECT SECTOR SPDR TR - ST STR TECHN ETF | — | $309K | 0.2% | 1,621 | -0.6% | |||
| 123 | $BSX | BOSTON SCIENTIFIC CORP | Healthcare | $309K | 0.2% | 7,229 | +42% | |||
| 124 | — | SELECT SECTOR SPDR TR - ST STR CARE ETF | — | $307K | 0.2% | 1,937 | -7% | |||
| 125 | $VRTX | VERTEX PHARMACEUTICALS INC / MA | Healthcare | $303K | 0.2% | 609 | — | |||
| 126 | — | SELECT SECTOR SPDR TR - ST STR STAPL ETF | — | $299K | 0.2% | 3,600 | -5% | |||
| 127 | $SNOW | Snowflake Inc. | Technology | $298K | 0.2% | 1,171 | New | |||
| 128 | — | VANGUARD SCOTTSDALE FDS - VNG RUS1000GRW | — | $292K | 0.2% | 2,287 | +14% | |||
| 129 | $WTS | WATTS WATER TECHNOLOGIES INC | Industrials | $290K | 0.2% | 742 | -39% | |||
| 130 | $GGG | GRACO INC | Industrials | $280K | 0.2% | 3,707 | +9% | |||
| 131 | $PRI | Primerica, Inc. | Financials | $279K | 0.2% | 981 | +1% | |||
| 132 | $HUBB | HUBBELL INC | Technology | $278K | 0.2% | 531 | -2% | |||
| 133 | $DELL | Dell Technologies Inc. | Technology | $274K | 0.2% | 634 | New | |||
| 134 | $GRMN | GARMIN LTD | Technology | $273K | 0.2% | 1,148 | -5% | |||
| 135 | $FCN | FTI CONSULTING, INC | Technology | $272K | 0.2% | 1,824 | +27% | |||
| 136 | $MANH | MANHATTAN ASSOCIATES INC | Technology | $268K | 0.2% | 1,925 | +0.2% | |||
| 137 | $DCI | DONALDSON Co INC | Industrials | $259K | 0.2% | 2,882 | +3% | |||
| 138 | $WMB | WILLIAMS COMPANIES, INC. | Energy | $255K | 0.2% | 3,429 | New | |||
| 139 | — | ISHARES TR - MSCI EAFE ETF | — | $251K | 0.2% | 2,421 | — | |||
| 140 | — | SELECT SECTOR SPDR TR - ST STR MATER ETF | — | $249K | 0.2% | 4,906 | -2% | |||
| 141 | $PGR | PROGRESSIVE CORP/OH/ | Financials | $249K | 0.2% | 1,139 | New | |||
| 142 | $CARR | CARRIER GLOBAL Corp | Industrials | $245K | 0.2% | 3,338 | -9% | |||
| 143 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $244K | 0.2% | 2,386 | -36% | |||
| 144 | $RLI | RLI CORP | Financials | $240K | 0.2% | 4,064 | New | |||
| 145 | $LRCX | LAM RESEARCH CORP | Technology | $238K | 0.2% | 550 | New | |||
| 146 | $FLR | FLUOR CORP | Industrials | $235K | 0.1% | 4,492 | -4% | |||
| 147 | — | ISHARES TR - S&P 500 GRWT ETF | — | $234K | 0.1% | 1,701 | New | |||
| 148 | — | FRANKLIN TEMPLETON ETF TR - FTSE SOUTH KOREA | — | $234K | 0.1% | 3,536 | New | |||
| 149 | — | ISHARES INC - MSCI SINGPOR ETF | — | $234K | 0.1% | 7,889 | New | |||
| 150 | — | GOLDMAN SACHS ETF TR - NASDA 100 ETF | — | $233K | 0.1% | 3,935 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 26 new, 59 added to, 73 trimmed, 10 sold out. Share-count changes; largest moves by dollar size first.
New positions (26)
$IBITiShares Bitcoin Trust ETF$1.6M
first bought this quarter
$MAMastercard Inc$581K
first bought this quarter
- GLOBAL X FDS - ARTIFICIAL ETF$508K
first bought this quarter
$SPCXSPACE EXPLORATION TECHNOLOGIES CORP$473Kfirst bought this quarter
$AMATAPPLIED MATERIALS INC /DE$437K
first bought this quarter
$ACNAccenture plc$368K
first bought this quarter
+20 more in the Excel export
Added to (59)
- VANGUARD INDEX FDS - GROWTH ETF+483%
now $2.8M
- ISHARES TR - RUS 1000 GRW ETF+300%
now $1.3M
$BKNGBooking Holdings Inc.+2842%
now $687K · held 3+ qtrs
- VANGUARD WORLD FD - INF TECH ETF+612%
now $674K
- ISHARES TR - CORE HIGH DV ETF+376%
now $622K
$KMBKIMBERLY CLARK CORP+100%
now $918K · held 2 qtrs, 2 adds in a row
+53 more in the Excel export
Trimmed (73)
- GLOBAL X FDS - 1 3 MO T BI ET-29%
now $5.7M
- VANECK ETF TRUST - OIL SERVICES ETF-61%
now $682K
$INTCINTEL CORP-26%
now $1.3M · held 3+ qtrs, 2 trims in a row
now $1.7M · held 3+ qtrs
now $5.3M · held 3+ qtrs
$PEPPEPSICO INC-26%
now $707K · held 3+ qtrs
+67 more in the Excel export
Sold out (10)
$HONHONEYWELL INTERNATIONAL INCwas $655K
held 2+ qtrs
$CRCLCircle Internet Group, Inc.was $547K
held 2+ qtrs
$EXPDEXPEDITORS INTERNATIONAL OF WASHINGTON INCwas $445K
held 2+ qtrs
$ETRENTERGY CORP /DE/was $316K
held 1 qtr
$NLYANNALY CAPITAL MANAGEMENT INCwas $253K
held 1 qtr
$UIUbiquiti Inc.was $241K
+4 more in the Excel export
Holdings by quarter
Every 13F Tannin Capital LLC has filed, 2 earlier quarters. Pick one to see what it held then.
Is it too late to follow Tannin Capital?
Q2 2026 13F filed with the SEC on Aug 4, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Tannin Capital's top 20 holdings: 75/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)
Top 10 since filing
-3.1%
Value-weighted move of the 10 largest stock positions
Turnover
8%
Last quarter
Top 10 weight
30%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Tannin Capital LLC disclosed 169 positions worth $152.2M in its Form 13F-HR for Q2 2026, led by $BRK.A (BERKSHIRE HATHAWAY INC) at 3.9% of the equity portfolio. During the quarter the fund opened 26 new positions and exited 10 — including a new stake in $IBIT and a full exit from $HON. The portfolio is most concentrated in Other (26.7% of disclosed assets). All figures are sourced directly from Tannin Capital LLC’s Form 13F-HR filing with the SEC under CIK 2110834.
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AI-Powered Hedge Fund Analysis: Tannin Capital LLC
13F Pro is an AI hedge fund tracker and stock research platform. For Tannin Capital LLC (SEC CIK: 2110834), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Tannin Capital LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.