Q4 2025 · 13F-HR
Tannin Capital LLCholdings as filed
Filed 2026-02-17 · accession 0002110834-26-000001
$111.8M
Reported value
135
Positions
2025-12-31
Period end
The Brief · Tannin Capital LLC · Q4 2025
AI · grounded in 13F
Tannin Capital LLC established a new position in AAPL worth $5.0M. The fund also initiated new stakes in JPM for $4.8M and VOO for $3.7M. Additional new positions include NVDA at $3.6M and GOOGL at $3.5M. The fund ended the period with 135 positions and total AUM of $111.8M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 037833100 | AAPL | APPLE INC | $5.0M | 4.47% | 18,392 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $4.8M | 4.31% | 14,961 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $3.7M | 3.30% | 5,886 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $3.6M | 3.18% | 19,081 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $3.5M | 3.17% | 11,322 | Common | NONE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $2.7M | 2.45% | 3,119 | Common | NONE |
| 922908736 | VUG | VANGUARD INDEX FDS | $2.7M | 2.41% | 5,531 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $2.6M | 2.34% | 5,412 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $2.6M | 2.31% | 11,319 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $2.4M | 2.13% | 3,496 | Common | NONE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $2.2M | 1.97% | 7,426 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $2.1M | 1.86% | 6,001 | Common | NONE |
| 92826C839 | V | VISA INC | $2.0M | 1.78% | 5,679 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $1.9M | 1.72% | 5,582 | Common | NONE |
| 922908769 | VTI | VANGUARD INDEX FDS | $1.8M | 1.60% | 5,344 | Common | NONE |
| 922042742 | VT | VANGUARD INTL EQUITY INDEX F | $1.8M | 1.59% | 12,615 | Common | NONE |
| 464287507 | IJH | ISHARES TR | $1.6M | 1.41% | 23,922 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $1.5M | 1.37% | 7,427 | Common | NONE |
| 464287598 | IWD | ISHARES TR | $1.5M | 1.35% | 7,198 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $1.4M | 1.30% | 4,616 | Common | NONE |
| 291011104 | EMR | EMERSON ELEC CO | $1.4M | 1.29% | 10,906 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $1.4M | 1.27% | 2,831 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $1.4M | 1.25% | 6,042 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $1.4M | 1.22% | 2,073 | Common | NONE |
| 78467X109 | DIA | SPDR DOW JONES INDL AVERAGE | $1.3M | 1.19% | 2,759 | Common | NONE |
| 464287614 | IWF | ISHARES TR | $1.2M | 1.11% | 2,618 | Common | NONE |
| 931142103 | WMT | WALMART INC | $1.2M | 1.09% | 10,962 | Common | NONE |
| 78463X889 | SPDW | SPDR INDEX SHS FDS | $1.2M | 1.06% | 26,718 | Common | NONE |
| 17275R102 | CSCO | CISCO SYS INC | $1.2M | 1.05% | 15,292 | Common | NONE |
| 060505104 | BAC | BANK AMERICA CORP | $1.1M | 0.97% | 19,778 | Common | NONE |
| 82509L107 | SHOP | SHOPIFY INC | $1.1M | 0.95% | 6,574 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $1.0M | 0.93% | 6,843 | Common | NONE |
| 922908538 | VOT | VANGUARD INDEX FDS | $1.0M | 0.92% | 3,694 | Common | NONE |
| 46138G631 | QQQJ | INVESCO EXCH TRADED FD TR II | $1.0M | 0.90% | 27,230 | Common | NONE |
| 464287671 | IUSG | ISHARES TR | $976,270 | 0.87% | 5,813 | Common | NONE |
| 29084Q100 | EME | EMCOR GROUP INC | $966,016 | 0.86% | 1,579 | Common | NONE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $951,263 | 0.85% | 3,925 | Common | NONE |
| 464287887 | IJT | ISHARES TR | $941,114 | 0.84% | 6,667 | Common | NONE |
| 464287606 | IJK | ISHARES TR | $938,670 | 0.84% | 9,689 | Common | NONE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $924,269 | 0.83% | 6,440 | Common | NONE |
| 842587107 | SO | SOUTHERN CO | $913,071 | 0.82% | 10,471 | Common | NONE |
| 713448108 | PEP | PEPSICO INC | $885,949 | 0.79% | 6,173 | Common | NONE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $854,701 | 0.76% | 5,964 | Common | NONE |
| 126408103 | CSX | CSX CORP | $832,771 | 0.74% | 22,973 | Common | NONE |
| 808524102 | SCHB | SCHWAB STRATEGIC TR | $779,094 | 0.70% | 29,702 | Common | NONE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $772,281 | 0.69% | 48,328 | Common | NONE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $764,795 | 0.68% | 1,317 | Common | NONE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $701,548 | 0.63% | 131 | Common | NONE |
| 464287200 | IVV | ISHARES TR | $690,420 | 0.62% | 1,008 | Common | NONE |
| 26441C204 | DUK | DUKE ENERGY CORP NEW | $673,254 | 0.60% | 5,744 | Common | NONE |
| 682680103 | OKE | ONEOK INC NEW | $668,262 | 0.60% | 9,092 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC | $661,383 | 0.59% | 7,054 | Common | NONE |
| 92204A702 | VGT | VANGUARD WORLD FD | $647,497 | 0.58% | 859 | Common | NONE |
| G87052109 | TEL | TE CONNECTIVITY PLC | $620,647 | 0.55% | 2,728 | Common | NONE |
| 892356106 | TSCO | TRACTOR SUPPLY CO | $618,624 | 0.55% | 12,370 | Common | NONE |
| 89832Q109 | TFC | TRUIST FINL CORP | $599,976 | 0.54% | 12,192 | Common | NONE |
| 31428X106 | FDX | FEDEX CORP | $589,723 | 0.53% | 2,042 | Common | NONE |
| 311900104 | FAST | FASTENAL CO | $584,373 | 0.52% | 14,562 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $566,408 | 0.51% | 2,906 | Common | NONE |
| 194162103 | CL | COLGATE PALMOLIVE CO | $557,881 | 0.50% | 7,060 | Common | NONE |
| 002824100 | ABT | ABBOTT LABS | $547,141 | 0.49% | 4,367 | Common | NONE |
| 172573107 | CRCL | CIRCLE INTERNET GROUP INC | $542,729 | 0.49% | 6,844 | Common | NONE |
| 09260D107 | BX | BLACKSTONE INC | $531,475 | 0.48% | 3,448 | Common | NONE |
| 438516106 | HON | HONEYWELL INTL INC | $485,189 | 0.43% | 2,487 | Common | NONE |
| H1467J104 | CB | CHUBB LIMITED | $480,353 | 0.43% | 1,539 | Common | NONE |
| 316841105 | FIG | FIGMA INC | $478,485 | 0.43% | 12,804 | Common | NONE |
| 458140100 | INTC | INTEL CORP | $472,984 | 0.42% | 12,818 | Common | NONE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $468,251 | 0.42% | 543 | Common | NONE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $467,298 | 0.42% | 8,532 | Common | NONE |
| G7997R103 | STX | SEAGATE TECHNOLOGY HLDNGS PL | $460,727 | 0.41% | 1,673 | Common | NONE |
| 302130109 | EXPD | EXPEDITORS INTL WASH INC | $456,567 | 0.41% | 3,064 | Common | NONE |
| 92204A405 | VFH | VANGUARD WORLD FD | $434,777 | 0.39% | 3,257 | Common | NONE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $426,691 | 0.38% | 4,475 | Common | NONE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $424,395 | 0.38% | 1,931 | Common | NONE |
| 75524B104 | RBC | RBC BEARINGS INC | $419,730 | 0.38% | 936 | Common | NONE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $413,006 | 0.37% | 2,668 | Common | NONE |
| 055622104 | BP | BP PLC | $411,377 | 0.37% | 11,845 | Common | NONE |
| 81369Y308 | XLP | SELECT SECTOR SPDR TR | $410,073 | 0.37% | 5,279 | Common | NONE |
| 754730109 | RJF | RAYMOND JAMES FINL INC | $392,321 | 0.35% | 2,443 | Common | NONE |
| 79466L302 | CRM | SALESFORCE INC | $391,007 | 0.35% | 1,476 | Common | NONE |
| 58733R102 | MELI | MERCADOLIBRE INC | $380,695 | 0.34% | 189 | Common | NONE |
| 149123101 | CAT | CATERPILLAR INC | $380,386 | 0.34% | 664 | Common | NONE |
| 46266C105 | IQV | IQVIA HLDGS INC | $376,660 | 0.34% | 1,671 | Common | NONE |
| 863667101 | SYK | STRYKER CORPORATION | $371,504 | 0.33% | 1,057 | Common | NONE |
| 254687106 | DIS | DISNEY WALT CO | $370,549 | 0.33% | 3,257 | Common | NONE |
| 532457108 | LLY | ELI LILLY & CO | $365,391 | 0.33% | 340 | Common | NONE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $347,606 | 0.31% | 1,053 | Common | NONE |
| 942749102 | WTS | WATTS WATER TECHNOLOGIES INC | $343,093 | 0.31% | 1,243 | Common | NONE |
| 147528103 | CASY | CASEYS GEN STORES INC | $331,073 | 0.30% | 599 | Common | NONE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $330,816 | 0.30% | 1,914 | Common | NONE |
| 808524300 | SCHG | SCHWAB STRATEGIC TR | $330,212 | 0.30% | 10,123 | Common | NONE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $323,706 | 0.29% | 875 | Common | NONE |
| 632307104 | NTRA | NATERA INC | $313,624 | 0.28% | 1,369 | Common | NONE |
| 562750109 | MANH | MANHATTAN ASSOCIATES INC | $312,651 | 0.28% | 1,804 | Common | NONE |
| 00206R102 | T | AT&T INC | $306,252 | 0.27% | 12,329 | Common | NONE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $298,568 | 0.27% | 3,654 | Common | NONE |
| 81369Y704 | XLI | SELECT SECTOR SPDR TR | $297,675 | 0.27% | 1,919 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $283,262 | 0.25% | 11,376 | Common | NONE |
| 384109104 | GGG | GRACO INC | $280,010 | 0.25% | 3,416 | Common | NONE |
| 81369Y100 | XLB | SELECT SECTOR SPDR TR | $278,086 | 0.25% | 6,132 | Common | NONE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $276,096 | 0.25% | 609 | Common | NONE |
| 829073105 | SSD | SIMPSON MFG INC | $273,853 | 0.24% | 1,696 | Common | NONE |
| 580135101 | MCD | MCDONALDS CORP | $273,539 | 0.24% | 895 | Common | NONE |
| 548661107 | LOW | LOWES COS INC | $265,276 | 0.24% | 1,100 | Common | NONE |
| 879360105 | TDY | TELEDYNE TECHNOLOGIES INC | $263,537 | 0.24% | 516 | Common | NONE |
| 11133T103 | BR | BROADRIDGE FINL SOLUTIONS IN | $262,448 | 0.23% | 1,176 | Common | NONE |
| 87151X101 | SYM | SYMBOTIC INC | $251,983 | 0.23% | 4,235 | Common | NONE |
| 032654105 | ADI | ANALOG DEVICES INC | $250,046 | 0.22% | 922 | Common | NONE |
| 74164M108 | PRI | PRIMERICA INC | $246,734 | 0.22% | 955 | Common | NONE |
| 679580100 | ODFL | OLD DOMINION FREIGHT LINE IN | $245,862 | 0.22% | 1,568 | Common | NONE |
| 257651109 | DCI | DONALDSON INC | $244,258 | 0.22% | 2,755 | Common | NONE |
| 91733P107 | USAR | USA RARE EARTH INC | $243,188 | 0.22% | 20,436 | Common | NONE |
| 443510607 | HUBB | HUBBELL INC | $241,596 | 0.22% | 544 | Common | NONE |
| 92206C680 | VONG | VANGUARD SCOTTSDALE FDS | $240,814 | 0.22% | 1,978 | Common | NONE |
| 675232102 | OII | OCEANEERING INTL INC | $239,435 | 0.21% | 9,964 | Common | NONE |
| 747525103 | QCOM | QUALCOMM INC | $238,786 | 0.21% | 1,396 | Common | NONE |
| 617446448 | MS | MORGAN STANLEY | $235,760 | 0.21% | 1,328 | Common | NONE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $233,329 | 0.21% | 1,621 | Common | NONE |
| 464287465 | EFA | ISHARES TR | $233,183 | 0.21% | 2,428 | Common | NONE |
| 48251W104 | KKR | KKR & CO INC | $231,121 | 0.21% | 1,813 | Common | NONE |
| 302941109 | FCN | FTI CONSULTING INC | $230,279 | 0.21% | 1,348 | Common | NONE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $229,823 | 0.21% | 2,317 | Common | NONE |
| 37364X109 | GEOS | GEOSPACE TECHNOLOGIES CORP | $229,046 | 0.20% | 13,545 | Common | NONE |
| 855244109 | SBUX | STARBUCKS CORP | $223,325 | 0.20% | 2,652 | Common | NONE |
| H2906T109 | GRMN | GARMIN LTD | $221,309 | 0.20% | 1,091 | Common | NONE |
| 833445109 | SNOW | SNOWFLAKE INC | $216,070 | 0.19% | 985 | Common | NONE |
| 464287309 | IVW | ISHARES TR | $209,665 | 0.19% | 1,701 | Common | NONE |
| 14448C104 | CARR | CARRIER GLOBAL CORPORATION | $209,563 | 0.19% | 3,966 | Common | NONE |
| 461202103 | INTU | INTUIT | $207,337 | 0.19% | 313 | Common | NONE |
| 58933Y105 | MRK | MERCK & CO INC | $203,539 | 0.18% | 1,934 | Common | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $202,336 | 0.18% | 2,520 | Common | NONE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $201,138 | 0.18% | 1,050 | Common | NONE |
| 82835W108 | SPRY | ARS PHARMACEUTICALS INC | $152,219 | 0.14% | 13,066 | Common | NONE |
| 131193104 | CALY | TOPGOLF CALLAWAY BRANDS CORP | $142,841 | 0.13% | 12,240 | Common | NONE |
| 758075402 | RWT | REDWOOD TRUST INC | $69,031 | 0.06% | 12,483 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.