FEARNLEY ASSET MANAGEMENT AS

CIK

2056821

Location

OSLO, Q8

Portfolio Value

Small $278,452,570

Diversification

Diversified

Filing Date

Global Rank

#3,853 / 8,650 ▼ 336

Top Industry

Oil & Gas E&P 40.4%

3Y Alpha vs SPY

+15.7%

Period ended 54 days ago

Filed Aug 14, 2026 · 9d

3 quarters · since Dec 2025

Clone Performance

Feb 2026–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+24.5%

SPY

+12.3%

Annualised alpha

+27.4%

Max drawdown

−17.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 3 quarters. Past performance does not predict future results.

Portfolio Concentration

16 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

14.0%

−0.2 pts

Top 5

55.7%

+1.4 pts

Top 10

86.8%

+7.5 pts

HHI

876

Diversified+80

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Energy	74.9%	$208,496,555	10
Industrials	22.6%	$63,022,523	5
Basic Materials	2.5%	$6,933,492	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
AR	ANTERO RESOURCES Corp	+540,400	977,727	$34,357,326
SB	Safe Bulkers, Inc.	+433,360	2,312,658	$14,592,871
TNK	Teekay Tankers Ltd.	+243,100	312,194	$20,252,024
CMBT	Cmb.Tech NV	+161,334	862,071	$12,060,373
SM	SM Energy Co	+106,975	1,496,537	$39,059,615
PAAS	Pan American Silver Corp	+60,300	154,800	$6,933,492
VTOL	Bristow Group Inc.	+54,600	696,001	$28,758,761
SBLK	Star Bulk Carriers Corp.	+53,003	1,004,209	$25,075,098
LPG	Dorian Lpg Ltd.	+28,863	225,406	$7,839,620
EXE	EXPAND ENERGY Corp	+16,840	95,840	$8,739,649
MTDR	Matador Resources Co	+1,000	515,700	$25,671,546
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
HAFN	Hafnia Ltd	−928,845	2,234,107	$14,834,470
ECO	Okeanis Eco Tankers Corp.	−124,558	111,836	$5,605,220
PBR	Petrobras - Petroleo Brasileiro SA	−48,400	1,678,000	$27,116,480
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
PR	Permian Resources Corp	252,100	$4,641,161
ASC	Ardmore Shipping Corp	208,056	$2,914,864
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
STNG	Scorpio Tankers Inc.	162,005	$12,095,293
FRO	Frontline plc	278,079	$9,693,833
TS	Tenaris SA	112,700	$6,556,886
SFL	SFL Corp Ltd.	605,682	$6,535,308
BWLP	BW LPG Ltd	339,027	$5,888,898
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

16 tracked positions · $278,452,570 total · filing declares 16 positions · $278,129,257 · as of Jun 30, 2026

All sectors Basic Materials Energy Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SM	SM Energy Co Energy	Added	1,496,537	+106,975	$39,059,615	−9.8%	14.03%
AR	ANTERO RESOURCES Corp Energy	Added	977,727	+540,400	$34,357,326	+85.1%	12.34%
VTOL	Bristow Group Inc. Energy	Added	696,001	+54,600	$28,758,761	−4.4%	10.33%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Reduced	1,678,000	-48,400	$27,116,480	−24.3%	9.74%
MTDR	Matador Resources Co Energy	Added	515,700	+1,000	$25,671,546	−21.1%	9.22%
SBLK	Star Bulk Carriers Corp. Industrials	Added	1,004,209	+53,003	$25,075,098	+14.8%	9.01%
TNK	Teekay Tankers Ltd. Energy	Added	312,194	+243,100	$20,252,024	+299.8%	7.27%
HAFN	Hafnia Ltd Industrials	Reduced	2,234,107	-928,845	$14,834,470	−38.3%	5.33%
SB	Safe Bulkers, Inc. Industrials	Added	2,312,658	+433,360	$14,592,871	+22.7%	5.24%
CMBT	Cmb.Tech NV Energy	Added	862,071	+161,334	$12,060,373	+36.1%	4.33%
EXE	EXPAND ENERGY Corp Energy	Added	95,840	+16,840	$8,739,649	+0.8%	3.14%
LPG	Dorian Lpg Ltd. Energy	Added	225,406	+28,863	$7,839,620	+16.6%	2.82%
PAAS	Pan American Silver Corp Basic Materials	Added	154,800	+60,300	$6,933,492	+34.3%	2.49%
ECO	Okeanis Eco Tankers Corp. Industrials	Reduced	111,836	-124,558	$5,605,220	−53.1%	2.01%
PR	Permian Resources Corp Energy	NEW	252,100	NEW	$4,641,161	NEW	1.67%
ASC	Ardmore Shipping Corp Industrials	NEW	208,056	NEW	$2,914,864	NEW	1.05%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.