Tannin Capital LLC

CIK

2110834

Location

CHARLOTTE, NC

Portfolio Value

Micro $93,339,053

Diversification

Diversified

Filing Date

Global Rank

#5,845 / 8,605 ▲ 386 · as of Mar 2026

Top Industry

Semiconductors 8.4%

3Y Alpha vs SPY

-9.2%

Period ended 3 months ago

Filed May 12, 2026 · 58d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+7.6%

SPY

+10.0%

Annualised alpha

-6.8%

Max drawdown

−7.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

114 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.3%

−0.7 pts

Top 5

22.0%

−1.8 pts

Top 10

35.1%

−3.0 pts

HHI

196

Diversified−27

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	23.3%	$21,763,157	20
Financial Services	17.8%	$16,587,052	15
Industrials	12.7%	$11,857,402	21
Healthcare	9.5%	$8,836,152	14
Communication Services	8.3%	$7,771,181	6
Consumer Cyclical	7.0%	$6,518,933	10
Consumer Defensive	5.9%	$5,539,340	6
Unclassified	5.5%	$5,160,023	4
Energy	5.0%	$4,621,368	7
Utilities	2.7%	$2,552,016	4
Basic Materials	1.6%	$1,497,744	4
Real Estate	0.7%	$634,685	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
RWT	Redwood Trust Inc	+15,189	27,672	$155,239
IE	Ivanhoe Electric Inc.	+5,960	54,288	$641,684
SPRY	ARS Pharmaceuticals, Inc.	+5,527	18,593	$149,301
T	At&T Inc.	+5,418	17,747	$514,485
FIG	Figma, Inc.	+4,699	17,503	$370,013
PFE	Pfizer Inc	+4,419	15,795	$443,523
GEOS	Geospace Technologies Corp	+3,664	17,209	$209,949
OKE	Oneok Inc /New/	+3,636	12,728	$1,150,483
CSX	Csx Corp	+3,109	26,082	$1,070,666
BAC	Bank Of America Corp /De/	+2,881	22,659	$1,104,626
AVGO	Broadcom Inc.	+2,873	8,874	$2,746,591
CSCO	Cisco Systems, Inc.	+2,587	17,879	$1,387,231
NVDA	Nvidia Corp	+2,561	21,642	$3,774,364
CL	Colgate Palmolive Co	+2,275	9,335	$795,622
SO	Southern Co	+2,185	12,656	$1,221,557
EMR	Emerson Electric Co	+2,164	13,070	$1,712,431
GOOGL	Alphabet Inc.	+2,162	13,484	$3,877,459
NFLX	Netflix Inc	+2,073	9,127	$877,561
UPS	United Parcel Service Inc	+2,024	4,341	$427,067
USAR	USA Rare Earth, Inc.	+2,001	22,437	$339,583
JPM	Jpmorgan Chase & Co	+1,927	16,888	$4,967,774
ABBV	AbbVie Inc.	+1,695	13,014	$2,830,414
WMT	Walmart Inc.	+1,563	12,525	$1,556,607
PG	PROCTER & GAMBLE Co	+1,531	7,495	$1,082,577
ABT	Abbott Laboratories	+1,336	5,703	$585,527
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
IBM	International Business Machines Corp	−3,981	3,445	$835,033
CRCL	Circle Internet Group, Inc.	−1,115	5,729	$546,603
INTC	Intel Corp	−610	12,208	$538,739
CARR	CARRIER GLOBAL Corp	−288	3,678	$207,108
DIA	Spdr Dow Jones Industrial Average ETF Trust	−203	2,556	$1,183,913
LOW	Lowes Companies Inc	−199	901	$212,888
FDX	Fedex Corp	−164	1,878	$668,906
NEE	Nextera Energy Inc	−99	2,421	$224,862
MRK	Merck & Co., Inc.	−61	1,873	$225,303
SPY	Spdr S&P 500 ETF Trust	−47	3,449	$2,243,022
EME	EMCOR Group, Inc.	−38	1,541	$1,137,735
TDY	Teledyne Technologies Inc	−32	484	$292,824
WTS	Watts Water Technologies Inc	−30	1,213	$352,121
RBC	RBC Bearings INC	−16	920	$499,670
SSD	Simpson Manufacturing Co., Inc.	−8	1,688	$289,694
No positions match the current search.

New Positions

Positions the filer opened this quarter

15 positions

Ticker	Company	Shares	Value
RTX	RTX Corp	6,739	$1,299,953
GLD	Spdr Gold Trust	2,072	$891,560
QQQ	Invesco Qqq Trust, Series 1	1,458	$841,528
LNG	Cheniere Energy, Inc.	1,863	$528,644
EW	Edwards Lifesciences Corp	5,558	$445,084
KMB	Kimberly Clark Corp	4,190	$404,209
ETR	Entergy Corp /De/	2,808	$315,506
RY	Royal Bank Of Canada	1,828	$295,733
VICR	Vicor Corp	1,635	$263,235
NLY	Annaly Capital Management Inc	11,982	$253,419
UI	Ubiquiti Inc.	305	$241,038
NEM	NEWMONT Corp /DE/	2,095	$226,783
PLD	Prologis, Inc.	1,710	$226,027
AM	Antero Midstream Corp	9,829	$224,101
FLR	Fluor Corp	4,675	$218,088
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
BR	Broadridge Financial Solutions, Inc.	1,176	$262,447
QCOM	Qualcomm Inc/De	1,396	$238,785
KKR	KKR & Co. Inc.	1,813	$231,121
SNOW	Snowflake Inc.	985	$216,069
INTU	Intuit Inc.	313	$207,337
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

114 positions · $93,339,053 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 114 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
JPM	Jpmorgan Chase & Co Financial Services	Added	16,888	+1,927	$4,967,774	+3.1%	5.32%
AAPL	Apple Inc. Technology	Added	19,518	+1,126	$4,953,473	−0.9%	5.31%
GOOGL	Alphabet Inc. Communication Services	Added	13,484	+2,162	$3,877,459	+9.4%	4.15%
NVDA	Nvidia Corp Technology	Added	21,642	+2,561	$3,774,364	+6.1%	4.04%
GS	Goldman Sachs Group Inc Financial Services	Added	3,492	+373	$2,954,197	+7.8%	3.17%
ABBV	AbbVie Inc. Healthcare	Added	13,014	+1,695	$2,830,414	+9.4%	3.03%
AVGO	Broadcom Inc. Technology	Added	8,874	+2,873	$2,746,591	+32.2%	2.94%
MSFT	Microsoft Corp Technology	Added	6,192	+780	$2,292,092	−12.4%	2.46%
SPY	Spdr S&P 500 ETF Trust	Reduced	3,449	-47	$2,243,022	−5.9%	2.40%
HD	Home Depot, Inc. Consumer Cyclical	Added	6,351	+769	$2,088,780	+8.7%	2.24%
JNJ	Johnson & Johnson Healthcare	Added	7,994	+567	$1,954,053	+27.1%	2.09%
V	Visa Inc. Financial Services	Added	5,931	+252	$1,792,585	−10.0%	1.92%
EMR	Emerson Electric Co Industrials	Added	13,070	+2,164	$1,712,431	+18.3%	1.83%
CVX	Chevron Corp Energy	Added	7,582	+739	$1,568,715	+50.4%	1.68%
WMT	Walmart Inc. Consumer Defensive	Added	12,525	+1,563	$1,556,607	+27.5%	1.67%
META	Meta Platforms, Inc. Communication Services	Added	2,584	+511	$1,478,383	+8.0%	1.58%
CSCO	Cisco Systems, Inc. Technology	Added	17,879	+2,587	$1,387,231	+17.8%	1.49%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	2,839	+8	$1,360,448	−4.4%	1.46%
AMZN	Amazon Com Inc Consumer Cyclical	Added	6,427	+385	$1,338,551	−4.0%	1.43%
RTX	RTX Corp Industrials	NEW	6,739	NEW	$1,299,953	NEW	1.39%
SO	Southern Co Utilities	Added	12,656	+2,185	$1,221,557	+33.8%	1.31%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Reduced	2,556	-203	$1,183,913	−10.7%	1.27%
OKE	Oneok Inc /New/ Energy	Added	12,728	+3,636	$1,150,483	+72.2%	1.23%
EME	EMCOR Group, Inc. Industrials	Reduced	1,541	-38	$1,137,735	+17.8%	1.22%
BAC	Bank Of America Corp /De/ Financial Services	Added	22,659	+2,881	$1,104,626	+1.5%	1.18%
PEP	Pepsico Inc Consumer Defensive	Added	7,093	+920	$1,101,471	+24.3%	1.18%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	7,495	+1,531	$1,082,577	+26.7%	1.16%
CSX	Csx Corp Industrials	Added	26,082	+3,109	$1,070,666	+28.6%	1.15%
COF	Capital One Financial Corp Financial Services	Added	4,964	+1,039	$905,582	−4.8%	0.97%
GLD	Spdr Gold Trust	NEW	2,072	NEW	$891,560	NEW	0.96%
NFLX	Netflix Inc Communication Services	Added	9,127	+2,073	$877,561	+32.7%	0.94%
SHOP	Shopify Inc. Technology	Added	7,384	+810	$875,890	−17.2%	0.94%
QQQ	Invesco Qqq Trust, Series 1	NEW	1,458	NEW	$841,528	NEW	0.90%
IBM	International Business Machines Corp Technology	Reduced	3,445	-3,981	$835,033	−62.0%	0.89%
CL	Colgate Palmolive Co Consumer Defensive	Added	9,335	+2,275	$795,622	+42.6%	0.85%
DUK	Duke Energy CORP Utilities	Added	6,034	+290	$790,091	+17.4%	0.85%
FAST	Fastenal Co Industrials	Held	14,562	0	$675,676	+15.6%	0.72%
SPOT	Spotify Technology S.A. Communication Services	Added	1,386	+69	$672,085	−12.1%	0.72%
FDX	Fedex Corp Industrials	Reduced	1,878	-164	$668,906	+13.4%	0.72%
HON	Honeywell International Inc Industrials	Added	2,900	+413	$655,487	+35.1%	0.70%
STX	Seagate Technology Holdings plc Technology	Held	1,673	0	$655,414	+42.3%	0.70%
IE	Ivanhoe Electric Inc. Basic Materials	Added	54,288	+5,960	$641,684	−16.9%	0.69%
TEL	TE Connectivity plc Technology	Added	2,934	+206	$613,264	−1.2%	0.66%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	601	+58	$598,854	+27.9%	0.64%
ABT	Abbott Laboratories Healthcare	Added	5,703	+1,336	$585,527	+7.0%	0.63%
BP	Bp PLC Energy	Added	12,030	+185	$565,410	+37.4%	0.61%
TFC	Truist Financial Corp Financial Services	Added	12,299	+107	$565,385	−5.8%	0.61%
TSCO	Tractor Supply Co /De/ Consumer Cyclical	Held	12,370	0	$560,361	−9.4%	0.60%
BKNG	Booking Holdings Inc. Consumer Cyclical	Held	131	0	$551,551	−21.4%	0.59%
CRCL	Circle Internet Group, Inc. Financial Services	Reduced	5,729	-1,115	$546,603	+0.7%	0.59%