Managers / Q1 2026
Tannin Capital LLC
CIK 0002110834 · 1026 JAY STREET, SUITE B153, SUITE B153, CHARLOTTE, NC, 28208 · 7045521082
Summary
Tannin Capital LLC reported $138M in U.S.-listed holdings across 152 positions for Q1 2026.
Its largest position, Global X Fds, represents 5.9% of the portfolio.
Compared with Q4 2025, the fund opened 23 new positions and exited 6.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 66.3% · $91M
- ETP · 30.9% · $43M
- Other · 2.0% · $3M
- REIT · 0.5% · $634,687
- ADR · 0.4% · $565,410
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GLOBAL X FDS | NEW | +80.4K | 80.4K | +$8M | $8M |
| BRK/ABERKSHIRE HATHAWAY INC DEL | NEW | +8 | 8 | +$6M | $6M |
| VANECK ETF TRUST | NEW | +4.7K | 4.7K | +$2M | $2M |
| AMPLIFY ETF TR | NEW | +30.9K | 30.9K | +$1M | $1M |
| RTXRTX CORPORATION | NEW | +6.7K | 6.7K | +$1M | $1M |
| GQ9SPDR GOLD TR | NEW | +2.1K | 2.1K | +$891,561 | $891,561 |
| NDQINVESCO QQQ TR | NEW | +1.5K | 1.5K | +$841,528 | $841,528 |
| ISHARES TR | NEW | +4.8K | 4.8K | +$646,842 | $646,842 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | GLOBAL X FDS | 1-3 MONTH T-BILL | 5.86% | $8M | 80.4K |
| 2 | VUGVANGUARD INDEX FDS | S&P 500 ETF SHS · GROWTH ETF · TOTAL STK MKT | 5.43% | $7M | 16.4K |
| 3 | BRK/ABERKSHIRE HATHAWAY INC DEL | CL A · CL B NEW | 5.16% | $7M | 2.8K |
| 4 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 3.79% | $5M | 18.2K |
| 5 | JPMJPMORGAN CHASE & CO.history → | COM | 3.61% | $5M | 16.9K |
| 6 | AAPLAPPLE INChistory → | COM | 3.60% | $5M | 19.5K |
| 7 | ISHARES TR | RUS 1000 VAL ETF · CORE S&P MCP ETF · RUS 1000 GRW ETF · CORE S&P US GWT | 3.50% | $5M | 35.1K |
| 8 | NVDANVIDIA CORPORATIONhistory → | COM | 2.74% | $4M | 21.6K |
| 9 | GSGOLDMAN SACHS GROUP INChistory → | COM | 2.14% | $3M | 3.5K |
| 10 | ABBVABBVIE INChistory → | COM | 2.05% | $3M | 13.0K |
| 11 | AVGOBROADCOM INChistory → | COM | 1.99% | $3M | 8.9K |
| 12 | MSFTMICROSOFT CORPhistory → | COM | 1.66% | $2M | 6.2K |
| 13 | SPDR S&P 500 ETF TR | TR UNIT | 1.63% | $2M | 3.4K |
| 14 | HDHOME DEPOT INChistory → | COM | 1.52% | $2M | 6.4K |
| 15 | JNJJOHNSON & JOHNSONhistory → | COM | 1.42% | $2M | 8.0K |
| 16 | VANECK ETF TRUST | OIL SERVICES ETF | 1.36% | $2M | 4.7K |
| 17 | VVISA INChistory → | COM CL A | 1.30% | $2M | 5.9K |
| 18 | EMREMERSON ELEC COhistory → | COM | 1.24% | $2M | 13.1K |
| 19 | VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 1.20% | $2M | 12.0K |
| 20 | CHVCHEVRON CORP NEWhistory → | COM | 1.14% | $2M | 7.6K |
| 21 | WMTWALMART INChistory → | COM | 1.13% | $2M | 12.5K |
| 22 | METAMETA PLATFORMS INChistory → | CL A | 1.07% | $1M | 2.6K |
| 23 | AMPLIFY ETF TR | CWP ENHANCED DIV | 1.01% | $1M | 30.9K |
| 24 | CSCOCISCO SYS INChistory → | COM | 1.01% | $1M | 17.9K |
| 25 | AMZNAMAZON COM INC | COM | 0.97% | $1M | 6.4K |
| 26 | RTXRTX CORPORATION | COM | 0.94% | $1M | 6.7K |
| 27 | SOSOUTHERN CO | COM | 0.89% | $1M | 12.7K |
| 28 | SPDR DOW JONES INDL AVERAGE | UT SER 1 | 0.86% | $1M | 2.6K |
| 29 | SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 0.84% | $1M | 25.5K |
| 30 | OKEONEOK INC NEW | COM | 0.83% | $1M | 12.7K |
| 31 | EMEEMCOR GROUP INC | COM | 0.83% | $1M | 1.5K |
| 32 | BACBANK AMERICA CORP | COM | 0.80% | $1M | 22.7K |
| 33 | PEPPEPSICO INC | COM | 0.80% | $1M | 7.1K |
| 34 | PGPROCTER AND GAMBLE CO | COM | 0.79% | $1M | 7.5K |
| 35 | CSXCSX CORP | COM | 0.78% | $1M | 26.1K |
| 36 | COFCAPITAL ONE FINL CORP | COM | 0.66% | $905,583 | 5.0K |
| 37 | INVESCO EXCH TRADED FD TR II | NASDAQNXTGEN100 | 0.65% | $892,939 | 24.7K |
| 38 | GQ9SPDR GOLD TR | GOLD SHS | 0.65% | $891,561 | 2.1K |
| 39 | NFLXNETFLIX INC | COM | 0.64% | $877,561 | 9.1K |
| 40 | SHOPSHOPIFY INC | CL A SUB VTG SHS | 0.64% | $875,890 | 7.4K |
| 41 | VANGUARD WHITEHALL FDS | HIGH DIV YLD | 0.62% | $850,538 | 5.7K |
| 42 | NDQINVESCO QQQ TR | UNIT SER 1 | 0.61% | $841,528 | 1.5K |
| 43 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.61% | $835,034 | 3.4K |
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.