CIK: 0002110834
Total reported value
$137.8M
Reporting period: 2026-03-31 · Number of holdings: 152
Tannin Capital LLC disclosed 152 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $137.8M and a quarterly turnover rate of 34.5%.
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Tannin Capital LLC's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 61 equally-sized positions, well below its 152 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.23), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 63% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim IBM
-53.6% -$1.4M
Trim VOO
-3.2% -$287.0K
Trim MSFT
+14.4% -$325.1K
Trim VUG
+1.0% -$257.1K
Trim VOT
-38.7% -$448.8K
Trim NVDA
+13.4% $215.8K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CLIP | Global X 1-3 Month T-bill | ETF-Other | 5.86% | +5.86% | NEW | |
| 2 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 4.17% | +4.17% | NEW | |
| 3 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.61% | — | +12.88% | |
| 4 | AAPL | Apple INC | Stock-Tech | 3.60% | — | +6.12% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.81% | -0.36% | +19.10% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 2.74% | -0.44% | +13.42% | |
| 7 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 2.47% | -0.83% | -3.21% | |
| 8 | GS | Goldman Sachs Group INC | Stock-Financials | 2.14% | -0.31% | +11.96% | |
| 9 | ABBV | Abbvie INC | Stock-Healthcare | 2.05% | -0.26% | +14.97% | |
| 10 | AVGO | Broadcom INC | Stock-Tech | 1.99% | +0.13% | +47.88% | |
| 11 | VUG | Vanguard Growth ETF | ETF-Other | 1.77% | -0.64% | +1.05% | |
| 12 | MSFT | Microsoft CORP | Stock-Tech | 1.66% | -0.68% | +14.41% | |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.63% | — | -1.34% | |
| 14 | HD | Home Depot INC | Stock-Consumer Disc | 1.52% | — | +13.78% | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.42% | +0.05% | +7.63% | |
| 16 | OIH | Vaneck Oil Services ETF | ETF-Other | 1.36% | +1.36% | NEW | |
| 17 | V | Visa Inc-class A Shares | Stock-Financials | 1.30% | — | +4.44% | |
| 18 | EMR | Emerson Electric Co | Stock-Industrials | 1.24% | -0.05% | +19.84% | |
| 19 | VT | Vanguard Tot World Stk ETF | ETF-Other | 1.20% | — | -4.86% | |
| 20 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.19% | — | -4.23% | |
| 21 | CVX | Chevron CORP | Stock-Energy | 1.14% | +0.21% | +10.80% | |
| 22 | WMT | Walmart INC | Stock-Consumer Staples | 1.13% | +0.04% | +14.26% | |
| 23 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.07% | — | +24.65% | |
| 24 | IWD | Ishares Russell 1000 Value E | ETF-Other | 1.06% | — | -5.45% | |
| 25 | DIVO | Amplify Cwp Enhan Divid ETF | ETF-Other | 1.01% | +1.01% | NEW | |
| 26 | CSCO | Cisco Systems INC | Stock-Tech | 1.01% | — | +16.92% | |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.99% | — | +0.28% | |
| 28 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.98% | — | +2.06% | |
| 29 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.98% | -0.43% | -16.78% | |
| 30 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.97% | — | +6.37% | |
| 31 | RTX | Rtx CORP | Stock-Industrials | 0.94% | +0.94% | NEW | |
| 32 | SO | Southern Co/the | Stock-Utilities | 0.89% | +0.07% | +20.87% | |
| 33 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.86% | — | -7.36% | |
| 34 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 0.84% | — | -4.61% | |
| 35 | OKE | Oneok INC | Stock-Energy | 0.83% | +0.24% | +39.99% | |
| 36 | EME | Emcor Group INC | Stock-Industrials | 0.83% | — | -2.41% | |
| 37 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.81% | — | — | |
| 38 | BAC | Bank Of America CORP | Stock-Financials | 0.80% | — | +14.57% | |
| 39 | PEP | Pepsico INC | Stock-Consumer Staples | 0.80% | +0.01% | +14.90% | |
| 40 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.79% | +0.03% | +25.67% | |
| 41 | CSX | Csx CORP | Stock-Industrials | 0.78% | +0.04% | +13.53% | |
| 42 | COF | Capital One Financial CORP | Stock-Financials | 0.66% | — | +26.47% | |
| 43 | IUSG | Ishares Core S&p U.s. Growth | ETF-Other | 0.65% | — | — | |
| 44 | QQQJ | Invesco Nasdaq Next Gen 100 | ETF-Tech | 0.65% | — | -9.44% | |
| 45 | GLD | Spdr Gold Shares | ETF-Commodities | 0.65% | +0.65% | NEW | |
| 46 | NFLX | Netflix INC | Stock-Comm Services | 0.64% | +0.05% | +29.39% | |
| 47 | SHOP | Shopify INC - Class A | Stock-Tech | 0.64% | — | +12.32% | |
| 48 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.62% | — | -10.82% | |
| 49 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.61% | +0.61% | NEW | |
| 50 | IBM | Intl Business Machines CORP | Stock-Tech | 0.61% | -1.36% | -53.61% |
Performance for Q3 2026
+3.5%
Performance Last 4 Quarters
+8.1%
Based on 5 months of available history
Based on 76% of reported portfolio value with available pricing
Tannin Capital LLC's most significant position changes for 2026-03-31: New buy: Global X 1-3 Month T-bill (CLIP); New buy: Berkshire Hathaway Inc-cl A (BRK-A); New buy: Vaneck Oil Services ETF (OIH); New buy: Amplify Cwp Enhan Divid ETF (DIVO); New buy: Rtx CORP (RTX).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | OKE | Oneok INC | +0.2% | +39.99% | Add |
| 2 | CVX | Chevron CORP | +0.2% | +10.80% | Add |
| 3 | AVGO | Broadcom INC | +0.1% | +47.88% | Add |
| 4 | CL | Colgate-palmolive Co | +0.1% | +32.22% | Add |
| 5 | SO | Southern Co/the | +0.1% | +20.87% | Add |
| 6 | JNJ | Johnson & Johnson | +0.1% | +7.63% | Add |
| 7 | NFLX | Netflix INC | +0.1% | +29.39% | Add |
| 8 | WMT | Walmart INC | 0% | +14.26% | Add |
| 9 | CSX | Csx CORP | 0% | +13.53% | Add |
| 10 | PG | Procter & Gamble Co/the | 0% | +25.67% | Add |
| 11 | PEP | Pepsico INC | 0% | +14.90% | Add |
| 12 | EMR | Emerson Electric Co | -0.1% | +19.84% | Add |
| 13 | ABBV | Abbvie INC | -0.3% | +14.97% | Add |
| 14 | GS | Goldman Sachs Group INC | -0.3% | +11.96% | Add |
| 15 | IJK | Ishares S&p Mid-cap 400 Grow | -0.3% | -25.48% | Trim |
| 16 | IJT | Ishares S&p Small-cap 600 Gr | -0.3% | -27.60% | Trim |
| 17 | GOOGL | Alphabet Inc-cl A | -0.4% | +19.10% | Add |
| 18 | IJH | Ishares Core S&p Midcap ETF | -0.4% | -16.78% | Trim |
| 19 | NVDA | Nvidia CORP | -0.4% | +13.42% | Add |
| 20 | VOT | Vanguard Mid-cap Growth ETF | -0.5% | -38.74% | Trim |
| 21 | VUG | Vanguard Growth ETF | -0.6% | +1.05% | Add |
| 22 | MSFT | Microsoft CORP | -0.7% | +14.41% | Add |
| 23 | VOO | Vanguard S&p 500 ETF | -0.8% | -3.21% | Trim |
| 24 | IBM | Intl Business Machines CORP | -1.4% | -53.61% | Trim |
| 25 | CLIP | Global X 1-3 Month T-bill | — | NEW | New buy |
| 26 | BRK-A | Berkshire Hathaway Inc-cl A | — | NEW | New buy |
| 27 | OIH | Vaneck Oil Services ETF | — | NEW | New buy |
| 28 | DIVO | Amplify Cwp Enhan Divid ETF | — | NEW | New buy |
| 29 | RTX | Rtx CORP | — | NEW | New buy |
| 30 | GLD | Spdr Gold Shares | — | NEW | New buy |
| 31 | QQQ | Invesco Qqq Trust Series 1 | — | NEW | New buy |
| 32 | HDV | Ishares Core High Dividend E | — | NEW | New buy |
| 33 | LNG | Cheniere Energy INC | — | NEW | New buy |
| 34 | EW | Edwards Lifesciences CORP | — | NEW | New buy |
| 35 | KMB | Kimberly-clark CORP | — | NEW | New buy |
| 36 | VEU | Vanguard Ftse All-world Ex-u | — | NEW | New buy |
| 37 | IDEV | Ishares Core Msci Dev Mkts | — | NEW | New buy |
| 38 | ETR | Entergy CORP | — | NEW | New buy |
| 39 | RY | Royal Bank Of Canada | — | NEW | New buy |
| 40 | VICR | Vicor CORP | — | NEW | New buy |
| 41 | BR | Broadridge Financial Solutio | — | EXIT | Sold out |
| 42 | NLY | Annaly Capital Management In | — | NEW | New buy |
| 43 | UI | Ubiquiti INC | — | NEW | New buy |
| 44 | QCOM | Qualcomm INC | — | EXIT | Sold out |
| 45 | KKR | Kkr & Co INC | — | EXIT | Sold out |
| 46 | NEM | Newmont CORP | — | NEW | New buy |
| 47 | PLD | Prologis INC | — | NEW | New buy |
| 48 | AM | Antero Midstream CORP | — | NEW | New buy |
| 49 | FLR | Fluor CORP | — | NEW | New buy |
| 50 | SNOW | Snowflake INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-12 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
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