Tannin Capital LLC

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Institutional

CIK 0002110834

$137.8M

Reported AUM

152

Positions

Q1 2026

Period

2026-05-12

Filed

The Brief · Tannin Capital LLC · Q1 2026

AI · grounded in 13F

Tannin Capital LLC established a new position in CLIP valued at $8.07M. The fund also opened new stakes in BRK/A for $5.75M and OIH for $1.88M. On the sell side, the fund trimmed its holdings in IBM by 53.61% and VOT by 38.74%. Additionally, it closed its entire position in BR, reducing exposure by $262,448.

Portfolio · Q1 2026

Top holdings

#	Stock	Issuer	Price	Day %	1Y Gr.	5Y Gr.	Value	% of book	Δ shares (QoQ)	Status
1	CLIP	GLOBAL X FDS	$100.34	0.02%	3.80%	14.47%	$8.1M	5.86%	—	HELD
2	BRK/A	BERKSHIRE HATHAWAY INC DEL	—	—	—	—	$5.7M	4.17%	—	HELD
3	JPM	JPMORGAN CHASE & CO.	$345.27	-3.37%	25.84%	153.16%	$5.0M	3.61%	—	HELD
4	AAPL	APPLE INC	$338.10	-0.58%	67.77%	128.17%	$5.0M	3.60%	—	HELD
5	GOOGL	ALPHABET INC	$336.30	0.78%	76.51%	132.04%	$3.9M	2.81%	—	HELD
6	NVDA	NVIDIA CORPORATION	$190.16	-3.48%	13.56%	782.99%	$3.8M	2.74%	—	HELD
7	VOO	VANGUARD INDEX FDS	$670.55	-1.53%	18.74%	73.44%	$3.4M	2.47%	—	HELD
8	GS	GOLDMAN SACHS GROUP INC	$980.76	-5.09%	48.56%	180.71%	$3.0M	2.14%	—	HELD
9	ABBV	ABBVIE INC	$263.62	0.16%	40.72%	165.04%	$2.8M	2.05%	—	HELD
10	AVGO	BROADCOM INC	$370.73	-2.67%	31.81%	734.42%	$2.7M	1.99%	—	HELD
11	VUG	VANGUARD INDEX FDS	$82.07	-1.51%	12.83%	67.47%	$2.4M	1.77%	—	HELD
12	MSFT	MICROSOFT CORP	$390.50	-0.72%	-24.89%	34.54%	$2.3M	1.66%	—	HELD
13	SPY	SPDR S&P 500 ETF TR	$729.62	-1.52%	20.48%	75.54%	$2.2M	1.63%	—	HELD
14	HD	HOME DEPOT INC	$338.42	-1.75%	-5.36%	19.60%	$2.1M	1.52%	—	HELD
15	JNJ	JOHNSON & JOHNSON	$265.69	-0.39%	64.28%	77.25%	$2.0M	1.42%	—	HELD
16	OIH	VANECK ETF TRUST	$367.94	-0.92%	59.27%	112.79%	$1.9M	1.36%	—	HELD
17	V	VISA INC	$369.54	0.80%	9.62%	67.02%	$1.8M	1.30%	—	HELD
18	EMR	EMERSON ELEC CO	$145.73	-4.01%	8.82%	58.32%	$1.7M	1.24%	—	HELD
19	VT	VANGUARD INTL EQUITY INDEX F	$152.22	-1.38%	22.31%	60.11%	$1.7M	1.20%	—	HELD
20	VTI	VANGUARD INDEX FDS	$360.52	-1.49%	21.10%	68.36%	$1.6M	1.19%	—	HELD
21	CVX	CHEVRON CORP NEW	$191.90	2.30%	32.10%	140.30%	$1.6M	1.14%	—	HELD
22	WMT	WALMART INC	$114.19	0.97%	15.79%	143.31%	$1.6M	1.13%	—	HELD
23	META	META PLATFORMS INC	$585.07	-1.41%	-20.62%	57.79%	$1.5M	1.07%	—	HELD
24	IWD	ISHARES TR	$249.52	-1.00%	32.89%	70.13%	$1.5M	1.06%	—	HELD
25	DIVO	AMPLIFY ETF TR	$46.56	-1.27%	17.59%	64.67%	$1.4M	1.01%	—	HELD
26	CSCO	CISCO SYS INC	$112.53	-2.64%	75.85%	125.29%	$1.4M	1.01%	—	HELD
27	BRK/B	BERKSHIRE HATHAWAY INC DEL	—	—	—	—	$1.4M	0.99%	—	HELD
28	GOOG	ALPHABET INC	$335.92	1.00%	75.60%	130.67%	$1.4M	0.98%	—	HELD
29	IJH	ISHARES TR	$74.73	-1.71%	22.47%	46.61%	$1.3M	0.98%	—	HELD
30	AMZN	AMAZON COM INC	$226.46	-1.91%	7.50%	33.03%	$1.3M	0.97%	—	HELD
31	RTX	RTX CORPORATION	$215.36	-1.47%	—	—	$1.3M	0.94%	—	HELD
32	SO	SOUTHERN CO	$96.05	-0.75%	—	—	$1.2M	0.89%	—	HELD
33	DIA	SPDR DOW JONES INDL AVERAGE	$515.38	-2.18%	—	—	$1.2M	0.86%	—	HELD
34	SPDW	SPDR INDEX SHS FDS	$48.93	-0.77%	—	—	$1.2M	0.84%	—	HELD
35	OKE	ONEOK INC NEW	$90.00	1.35%	—	—	$1.2M	0.83%	—	HELD
36	EME	EMCOR GROUP INC	$672.17	-4.77%	—	—	$1.1M	0.83%	—	HELD
37	IWF	ISHARES TR	$114.05	-2.09%	—	—	$1.1M	0.81%	—	HELD
38	BAC	BANK AMERICA CORP	$61.10	-2.42%	—	—	$1.1M	0.80%	—	HELD
39	PEP	PEPSICO INC	$143.50	0.45%	—	—	$1.1M	0.80%	—	HELD
40	PG	PROCTER AND GAMBLE CO	$146.12	-1.85%	—	—	$1.1M	0.79%	—	HELD
41	CSX	CSX CORP	$50.76	-0.16%	—	—	$1.1M	0.78%	—	HELD
42	COF	CAPITAL ONE FINL CORP	$208.80	-1.70%	—	—	$906K	0.66%	—	HELD
43	IUSG	ISHARES TR	$176.95	-2.05%	—	—	$902K	0.65%	—	HELD
44	QQQJ	INVESCO EXCH TRADED FD TR II	$43.52	-1.20%	—	—	$893K	0.65%	—	HELD
45	GLD	SPDR GOLD TR	$371.00	0.44%	—	—	$892K	0.65%	—	HELD
46	NFLX	NETFLIX INC	$73.62	1.71%	—	—	$878K	0.64%	—	HELD
47	SHOP	SHOPIFY INC	$129.17	-0.85%	—	—	$876K	0.64%	—	HELD
48	VYM	VANGUARD WHITEHALL FDS	$161.67	-1.32%	—	—	$851K	0.62%	—	HELD
49	QQQ	INVESCO QQQ TR	$661.60	-2.06%	—	—	$842K	0.61%	—	HELD
50	IBM	INTERNATIONAL BUSINESS MACHS	$226.60	-0.42%	—	—	$835K	0.61%	—	HELD
51	CL	COLGATE PALMOLIVE CO	$93.49	0.82%	—	—	$796K	0.58%	—	HELD
52	DUK	DUKE ENERGY CORP NEW	$129.08	-0.12%	—	—	$790K	0.57%	—	HELD
53	SCHB	SCHWAB STRATEGIC TR	$28.22	-1.54%	—	—	$746K	0.54%	—	HELD
54	IJK	ISHARES TR	$110.26	-2.21%	—	—	$726K	0.53%	—	HELD
55	IJT	ISHARES TR	$170.11	-1.73%	—	—	$699K	0.51%	—	HELD
56	FAST	FASTENAL CO	$47.78	-0.67%	—	—	$676K	0.49%	—	HELD
57	SPOT	SPOTIFY TECHNOLOGY S A	$523.82	2.40%	—	—	$672K	0.49%	—	HELD
58	FDX	FEDEX CORP	$308.61	-1.29%	—	—	$669K	0.49%	—	HELD
59	HON	HONEYWELL INTL INC	$241.12	-2.40%	—	—	$655K	0.48%	—	HELD
60	STX	SEAGATE TECHNOLOGY HLDNGS PL	$764.12	2.25%	—	—	$655K	0.48%	—	HELD
61	IVV	ISHARES TR	$733.37	-1.46%	—	—	$654K	0.47%	—	HELD
62	HDV	ISHARES TR	$29.12	-0.07%	—	—	$647K	0.47%	—	HELD
63	IE	IVANHOE ELECTRIC INC	$8.73	-3.85%	—	—	$642K	0.47%	—	HELD
64	TEL	TE CONNECTIVITY PLC	$206.96	-3.42%	—	—	$613K	0.45%	—	HELD
65	COST	COSTCO WHSL CORP NEW	$973.73	0.74%	—	—	$599K	0.43%	—	HELD
66	ABT	ABBOTT LABS	$108.07	0.75%	—	—	$586K	0.42%	—	HELD
67	VIG	VANGUARD SPECIALIZED FUNDS	$238.56	-1.32%	—	—	$583K	0.42%	—	HELD
68	VOT	VANGUARD INDEX FDS	$290.39	-1.16%	—	—	$582K	0.42%	—	HELD
69	BP	BP PLC	$43.32	3.96%	—	—	$565K	0.41%	—	HELD
70	TFC	TRUIST FINL CORP	$52.31	-1.28%	—	—	$565K	0.41%	—	HELD
71	TSCO	TRACTOR SUPPLY CO	$31.00	-1.46%	—	—	$560K	0.41%	—	HELD
72	VGT	VANGUARD WORLD FD	$108.26	-2.35%	—	—	$553K	0.40%	—	HELD
73	BKNG	BOOKING HOLDINGS INC	$201.30	1.00%	—	—	$552K	0.40%	—	HELD
74	CRCL	CIRCLE INTERNET GROUP INC	$61.31	-4.68%	—	—	$547K	0.40%	—	HELD
75	INTC	INTEL CORP	$81.88	-5.12%	—	—	$539K	0.39%	—	HELD
76	LNG	CHENIERE ENERGY INC	$258.54	2.52%	—	—	$529K	0.38%	—	HELD
77	CB	CHUBB LIMITED	$361.87	-0.45%	—	—	$519K	0.38%	—	HELD
78	T	AT&T INC	$23.94	-2.90%	—	—	$514K	0.37%	—	HELD
79	RBC	RBC BEARINGS INC	$550.27	-4.53%	—	—	$500K	0.36%	—	HELD
80	CAT	CATERPILLAR INC	$783.18	-6.86%	—	—	$475K	0.34%	—	HELD
81	MCD	MCDONALDS CORP	$271.51	-0.55%	—	—	$469K	0.34%	—	HELD
82	ORCL	ORACLE CORP	$117.81	-1.79%	—	—	$446K	0.32%	—	HELD
83	EW	EDWARDS LIFESCIENCES CORPORATION	$85.76	2.49%	—	—	$445K	0.32%	—	HELD
84	EXPD	EXPEDITORS INTL WASH INC	$170.13	-0.75%	—	—	$445K	0.32%	—	HELD
85	PFE	PFIZER INC	$25.16	-0.36%	—	—	$444K	0.32%	—	HELD
86	CASY	CASEYS GEN STORES INC	$867.16	1.20%	—	—	$436K	0.32%	—	HELD
87	UPS	UNITED PARCEL SERVICE INC	$104.58	-0.90%	—	—	$427K	0.31%	—	HELD
88	RJF	RAYMOND JAMES FINL INC	$174.16	-1.70%	—	—	$422K	0.31%	—	HELD
89	KMB	KIMBERLY-CLARK CORP	$113.21	0.11%	—	—	$404K	0.29%	—	HELD
90	BX	BLACKSTONE INC	$129.40	-3.36%	—	—	$396K	0.29%	—	HELD
91	BWXT	BWX TECHNOLOGIES INC	$157.44	-7.21%	—	—	$391K	0.28%	—	HELD
92	SYK	STRYKER CORPORATION	$352.23	1.62%	—	—	$383K	0.28%	—	HELD
93	VEU	VANGUARD INTL EQUITY INDEX F	$80.65	-1.10%	—	—	$380K	0.28%	—	HELD
94	OII	OCEANEERING INTL INC	$46.58	-2.94%	—	—	$374K	0.27%	—	HELD
95	FIG	FIGMA INC	$24.78	1.64%	—	—	$370K	0.27%	—	HELD
96	XLF	SELECT SECTOR SPDR TR	$56.68	-1.60%	—	—	$366K	0.27%	—	HELD
97	LLY	ELI LILLY & CO	$1211.59	-0.74%	—	—	$355K	0.26%	—	HELD
98	MELI	MERCADOLIBRE INC	$1863.31	0.04%	—	—	$353K	0.26%	—	HELD
99	WTS	WATTS WATER TECHNOLOGIES INC	$336.15	-3.01%	—	—	$352K	0.26%	—	HELD
100	DIS	DISNEY WALT CO	$98.47	-0.42%	—	—	$351K	0.25%	—	HELD
101	CRM	SALESFORCE INC	—	—	—	—	$347K	0.25%	—	HELD
102	VFH	VANGUARD WORLD FD	—	—	—	—	$343K	0.25%	—	HELD
103	USAR	USA RARE EARTH INC	—	—	—	—	$340K	0.25%	—	HELD
104	SBUX	STARBUCKS CORP	—	—	—	—	$335K	0.24%	—	HELD
105	IDEV	ISHARES TR	—	—	—	—	$334K	0.24%	—	HELD
106	BSX	BOSTON SCIENTIFIC CORP	—	—	—	—	$320K	0.23%	—	HELD
107	ETR	ENTERGY CORP NEW	—	—	—	—	$316K	0.23%	—	HELD
108	XLP	SELECT SECTOR SPDR TR	—	—	—	—	$312K	0.23%	—	HELD
109	ODFL	OLD DOMINION FREIGHT LINE IN	—	—	—	—	$310K	0.22%	—	HELD
110	ADI	ANALOG DEVICES INC	—	—	—	—	$306K	0.22%	—	HELD
111	XLV	SELECT SECTOR SPDR TR	—	—	—	—	$304K	0.22%	—	HELD
112	RY	ROYAL BK CDA	—	—	—	—	$296K	0.21%	—	HELD
113	NTRA	NATERA INC	—	—	—	—	$294K	0.21%	—	HELD
114	SCHG	SCHWAB STRATEGIC TR	—	—	—	—	$294K	0.21%	—	HELD
115	UNH	UNITEDHEALTH GROUP INC	—	—	—	—	$294K	0.21%	—	HELD
116	TDY	TELEDYNE TECHNOLOGIES INC	—	—	—	—	$293K	0.21%	—	HELD
117	XLI	SELECT SECTOR SPDR TR	—	—	—	—	$293K	0.21%	—	HELD
118	SSD	SIMPSON MFG INC	—	—	—	—	$290K	0.21%	—	HELD
119	GGG	GRACO INC	—	—	—	—	$289K	0.21%	—	HELD
120	UBER	UBER TECHNOLOGIES INC	—	—	—	—	$289K	0.21%	—	HELD
121	IQV	IQVIA HLDGS INC	—	—	—	—	$285K	0.21%	—	HELD
122	GRMN	GARMIN LTD	—	—	—	—	$279K	0.20%	—	HELD
123	VRTX	VERTEX PHARMACEUTICALS INC	—	—	—	—	$272K	0.20%	—	HELD
124	HUBB	HUBBELL INC	—	—	—	—	$267K	0.19%	—	HELD
125	AXP	AMERICAN EXPRESS CO	—	—	—	—	$265K	0.19%	—	HELD
126	SYM	SYMBOTIC INC	—	—	—	—	$264K	0.19%	—	HELD
127	VICR	VICOR CORP	—	—	—	—	$263K	0.19%	—	HELD
128	MANH	MANHATTAN ASSOCIATES INC	—	—	—	—	$256K	0.19%	—	HELD
129	FCN	FTI CONSULTING INC	—	—	—	—	$255K	0.18%	—	HELD
130	NLY	ANNALY CAPITAL MANAGEMENT IN	—	—	—	—	$253K	0.18%	—	HELD
131	MS	MORGAN STANLEY	—	—	—	—	$250K	0.18%	—	HELD
132	XLB	SELECT SECTOR SPDR TR	—	—	—	—	$250K	0.18%	—	HELD
133	PRI	PRIMERICA INC	—	—	—	—	$243K	0.18%	—	HELD
134	UI	UBIQUITI INC	—	—	—	—	$241K	0.17%	—	HELD
135	DCI	DONALDSON INC	—	—	—	—	$237K	0.17%	—	HELD
136	EFA	ISHARES TR	—	—	—	—	$235K	0.17%	—	HELD
137	NEM	NEWMONT CORP	—	—	—	—	$227K	0.16%	—	HELD
138	PLD	PROLOGIS INC.	—	—	—	—	$226K	0.16%	—	HELD
139	MRK	MERCK & CO INC	—	—	—	—	$225K	0.16%	—	HELD
140	NEE	NEXTERA ENERGY INC	—	—	—	—	$225K	0.16%	—	HELD
141	AM	ANTERO MIDSTREAM CORP	—	—	—	—	$224K	0.16%	—	HELD
142	VONG	VANGUARD SCOTTSDALE FDS	—	—	—	—	$221K	0.16%	—	HELD
143	FLR	FLUOR CORP	—	—	—	—	$218K	0.16%	—	HELD
144	XLK	SELECT SECTOR SPDR TR	—	—	—	—	$217K	0.16%	—	HELD
145	LOW	LOWES COS INC	—	—	—	—	$213K	0.15%	—	HELD
146	GEOS	GEOSPACE TECHNOLOGIES CORP	—	—	—	—	$210K	0.15%	—	HELD
147	CARR	CARRIER GLOBAL CORPORATION	—	—	—	—	$207K	0.15%	—	HELD
148	RSP	INVESCO EXCHANGE TRADED FD T	—	—	—	—	$202K	0.15%	—	HELD
149	IXUS	ISHARES TR	—	—	—	—	$200K	0.15%	—	HELD
150	CALY	TOPGOLF CALLAWAY BRANDS CORP	—	—	—	—	$174K	0.13%	—	HELD
151	RWT	REDWOOD TRUST INC	—	—	—	—	$155K	0.11%	—	HELD
152	SPRY	ARS PHARMACEUTICALS INC	—	—	—	—	$149K	0.11%	—	HELD

Source: SEC EDGAR · accession 0002110834-26-000003. 13F discloses long positions only — shorts, foreign equities, and options are excluded.