Tannin Capital LLC
Long book
$137.8M
Q1 2026
Positions
152
Top-10 weight
31%
concentration
Last quarter
+10.4%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsTannin Capital LLC is an institutional manager, running a $137.8M US long book across 152 positions.
The portfolio is moderately concentrated (top 10 ≈ 31% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: GLOBAL X 1-3 MONTH T-BILL, BERKSHIRE HATHAWAY INC-CL A, JPMORGAN CHASE & CO, APPLE INC, ALPHABET INC-CL A.
Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
-3.8%
Q1 2026
+10.4%
Sector allocation
Technology 29%
Financials 22%
Industrials 12%
Consumer discretionary 9%
Healthcare 9%
Utilities 5%
Services media 4%
Other 4%
Long book by quarter
What does Tannin Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 8 | $5.7M | 4.2% | New |
| JPM JPMORGAN CHASE & CO | Financials | 16.9K | $5.0M | 3.6% | +12.9% |
| AAPL APPLE INC | Technology | 19.5K | $5.0M | 3.6% | +6.1% |
| GOOGL ALPHABET INC-CL A | Technology | 13.5K | $3.9M | 2.8% | +19.1% |
| NVDA NVIDIA CORP | Technology | 21.6K | $3.8M | 2.7% | +13.4% |
| GS GOLDMAN SACHS GROUP INC | Financials | 3.5K | $3.0M | 2.1% | +12.0% |
| ABBV ABBVIE INC | Healthcare | 13.0K | $2.8M | 2.1% | +15.0% |
| AVGO BROADCOM INC | Technology | 8.9K | $2.7M | 2.0% | +47.9% |
| MSFT MICROSOFT CORP | Technology | 6.2K | $2.3M | 1.7% | +14.4% |
| HD HOME DEPOT INC | Consumer discretionary | 6.4K | $2.1M | 1.5% | +13.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 8.0K | $2.0M | 1.4% | +7.6% |
| V VISA INC-CLASS A SHARES | Services media | 5.9K | $1.8M | 1.3% | +4.4% |
| EMR EMERSON ELECTRIC CO | Industrials | 13.1K | $1.7M | 1.2% | +19.8% |
| CVX CHEVRON CORP | Energy | 7.6K | $1.6M | 1.1% | +10.8% |
| WMT WALMART INC | Consumer discretionary | 12.5K | $1.6M | 1.1% | +14.3% |
| META META PLATFORMS INC-CLASS A | Technology | 2.6K | $1.5M | 1.1% | +24.7% |
| CSCO CISCO SYSTEMS INC | Technology | 17.9K | $1.4M | 1.0% | +16.9% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.8K | $1.4M | 1.0% | +0.3% |
| GOOG ALPHABET INC-CL C | Technology | 4.7K | $1.4M | 1.0% | +2.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 6.4K | $1.3M | 1.0% | +6.4% |
| RTX RTX CORP | Industrials | 6.7K | $1.3M | 0.9% | New |
| SO SOUTHERN CO/THE | Utilities | 12.7K | $1.2M | 0.9% | +20.9% |
| OKE ONEOK INC | Utilities | 12.7K | $1.2M | 0.8% | +40.0% |
| EME EMCOR GROUP INC | Industrials | 1.5K | $1.1M | 0.8% | -2.4% |
| BAC BANK OF AMERICA CORP | Financials | 22.7K | $1.1M | 0.8% | +14.6% |
| PEP PEPSICO INC | Consumer staples | 7.1K | $1.1M | 0.8% | +14.9% |
| PG PROCTER & GAMBLE CO/THE | Other | 7.5K | $1.1M | 0.8% | +25.7% |
| CSX CSX CORP | Industrials | 26.1K | $1.1M | 0.8% | +13.5% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 5.0K | $906K | 0.7% | +26.5% |
| NFLX NETFLIX INC | Services media | 9.1K | $878K | 0.6% | +29.4% |
| SHOP SHOPIFY INC - CLASS A | Technology | 7.4K | $876K | 0.6% | +12.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 3.4K | $835K | 0.6% | -53.6% |
| CL COLGATE-PALMOLIVE CO | Other | 9.3K | $796K | 0.6% | +32.2% |
| DUK DUKE ENERGY CORP | Utilities | 6.0K | $790K | 0.6% | +5.0% |
| FAST FASTENAL CO | Consumer discretionary | 14.6K | $676K | 0.5% | Held |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 1.4K | $672K | 0.5% | +5.2% |
| FDX FEDEX CORP | Industrials | 1.9K | $669K | 0.5% | -8.0% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 2.9K | $655K | 0.5% | +16.6% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 1.7K | $655K | 0.5% | Held |
| IE IVANHOE ELECTRIC INC / US | Materials | 54.3K | $642K | 0.5% | +12.3% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 2.9K | $613K | 0.4% | +7.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 601 | $599K | 0.4% | +10.7% |
| ABT ABBOTT LABORATORIES | Healthcare | 5.7K | $586K | 0.4% | +30.6% |
| TFC TRUIST FINANCIAL CORP | Financials | 12.3K | $565K | 0.4% | +0.9% |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 12.4K | $560K | 0.4% | Held |
| BKNG BOOKING HOLDINGS INC | Industrials | 131 | $552K | 0.4% | Held |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 5.7K | $547K | 0.4% | -16.3% |
| INTC INTEL CORP | Technology | 12.2K | $539K | 0.4% | -4.8% |
| LNG CHENIERE ENERGY INC | Utilities | 1.9K | $529K | 0.4% | New |
| CB CHUBB LTD | Financials | 1.6K | $519K | 0.4% | +3.4% |
13F filing history
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