FEARNLEY ASSET MANAGEMENT AS
Long book
$306.0M
Q1 2026
Positions
19
Top-10 weight
79%
concentration
Last quarter
-8.3%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsFEARNLEY ASSET MANAGEMENT AS is a concentrated fundamental stock-picker, running a $306.0M US long book across 19 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SM ENERGY CO, PETROLEO BRASILEIRO-SPON ADR, MATADOR RESOURCES CO, BRISTOW GROUP INC, HAFNIA LTD.
We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
+40.0%
Q1 2026
-8.3%
Sector allocation
Industrials 56%
Energy 39%
Other 3%
Materials 2%
Long book by quarter
What does FEARNLEY ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SM SM ENERGY CO | Energy | 1.4M | $43.3M | 14.2% | +58.6% |
| MTDR MATADOR RESOURCES CO | Energy | 514.7K | $32.5M | 10.6% | New |
| VTOL BRISTOW GROUP INC | Industrials | 641.4K | $30.1M | 9.8% | +38.6% |
| HAFN HAFNIA LTD | Industrials | 3.2M | $24.3M | 7.9% | +435.8% |
| SBLK STAR BULK CARRIERS CORP | Industrials | 951.2K | $21.8M | 7.1% | +64.8% |
| AR ANTERO RESOURCES CORP | Energy | 437.3K | $18.6M | 6.1% | -38.5% |
| ECO OKEANIS ECO TANKERS CORP | Industrials | 236.4K | $12.2M | 4.0% | -57.4% |
| STNG SCORPIO TANKERS INC | Industrials | 162.0K | $12.1M | 4.0% | New |
| SB SAFE BULKERS INC | Industrials | 1.9M | $11.9M | 3.9% | +77.2% |
| FRO FRONTLINE PLC | Industrials | 278.1K | $9.7M | 3.2% | -12.4% |
| OCW CMB TECH NV | — | 700.7K | $8.9M | 2.9% | -34.2% |
| EXE EXPAND ENERGY CORP | Energy | 79.0K | $8.7M | 2.8% | -28.2% |
| LPG DORIAN LPG LTD | Industrials | 196.5K | $6.7M | 2.2% | New |
| SFL SFL CORP LTD | Industrials | 605.7K | $6.5M | 2.1% | +82.2% |
| BWLP BW LPG LTD | Industrials | 339.0K | $6.0M | 2.0% | -17.6% |
| PAAS PAN AMERICAN SILVER CORP | Materials | 94.5K | $5.2M | 1.7% | +50.2% |
| TNK TEEKAY TANKERS LTD-CLASS A | Industrials | 69.1K | $5.1M | 1.7% | -79.4% |
13F filing history
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