Fearnley Asset Management As
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Fearnley Asset Management As reported 16 stock positions worth $278.1 million. Its top holding was SM Energy (SM) at 14.0% of the portfolio, followed by Antero Resources (AR, 12.4%) and Bristow (VTOL, 10.3%). Compared with Q1 2026, it opened 2 new positions, sold out of 5, added to 11 and reduced 3. The biggest buy was Antero Resources (AR, shares +124%) and the biggest sale an exit from Scorpio Tankers (STNG).
- Most Recent 13F
- Q2 2026
- Location
- OSLO, Q8
- CIK
- 0002056821
- Portfolio Value
- $278.1M (Q2 2026)
- SEC Filing
- 0001892688-26-000122 ↗ filed Aug 14, 2026
Holdings Value
Holdings 16 stocks · $278.1M
| SM SM Energy Co. | 14.04% | 1,496,537 | $39.1M | Add +7.7% |
| AR Antero Resources Corp. | 12.35% | 977,727 | $34.4M | Add +123.6% |
| VTOL Bristow Group Inc. | 10.34% | 696,001 | $28.8M | Add +8.5% |
| PBR Petroleo Brasileiro-Spon ADR | 9.75% | 1,678,000 | $27.1M | Reduce -2.8% |
| MTDR Matador Resources Co. | 9.23% | 515,700 | $25.7M | Add +0.2% |
| SBLK Star Bulk Carriers Corp. | 9.02% | 1,004,209 | $25.1M | Add +5.6% |
| TNK Teekay Tankers Ltd. Class A | 7.28% | 312,194 | $20.3M | Add +351.8% |
| HAFN Hafnia Ltd. | 5.25% | 2,234,107 | $14.6M | Reduce -29.4% |
| SB Safe Bulkers Inc. | 5.25% | 2,312,658 | $14.6M | Add +23.1% |
| CMBT CMB Tech NV | 4.34% | 862,071 | $12.1M | Add +23.0% |
| EXE Expand Energy Corp. | 3.14% | 95,840 | $8.7M | Add +21.3% |
| LPG Dorian LPG Ltd. | 2.82% | 225,406 | $7.8M | Add +14.7% |
| PAAS Pan American Silver Corp. | 2.49% | 154,800 | $6.9M | Add +63.8% |
| ECO Okeanis Eco Tankers Corp. | 1.99% | 111,836 | $5.5M | Reduce -52.7% |
| PR Permian Resources Corp. Class A | 1.67% | 252,100 | $4.6M | New |
| ASC Ardmore Shipping Corp. | 1.05% | 208,056 | $2.9M | New |
Portfolio Sells Q1 2026 → Q2 2026
| STNG Scorpio Tankers Inc. | Sold out | 0.00% | −3.95 |
| FRO Frontline PLC | Sold out | 0.00% | −3.19 |
| HAFN Hafnia Ltd. | Reduce -29.4% | 5.25% | −2.70 |
| TS Tenaris SA-ADR | Sold out | 0.00% | −2.14 |
| SFL SFL Corp. Ltd. | Sold out | 0.00% | −2.14 |
| ECO Okeanis Eco Tankers Corp. | Reduce -52.7% | 1.99% | −2.02 |
| BWLP BW LPG Ltd. | Sold out | 0.00% | −1.96 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -2.8% | 9.75% | −1.96 |
Portfolio Buys Q1 2026 → Q2 2026
| AR Antero Resources Corp. | Add +123.6% | 12.35% | +6.29 |
| TNK Teekay Tankers Ltd. Class A | Add +351.8% | 7.28% | +5.63 |
| SBLK Star Bulk Carriers Corp. | Add +5.6% | 9.02% | +1.88 |
| PR Permian Resources Corp. Class A | New | 1.67% | +1.67 |
| CMBT CMB Tech NV | Add +23.0% | 4.34% | +1.44 |
| SB Safe Bulkers Inc. | Add +23.1% | 5.25% | +1.36 |
| ASC Ardmore Shipping Corp. | New | 1.05% | +1.05 |
| PAAS Pan American Silver Corp. | Add +63.8% | 2.49% | +0.81 |
| LPG Dorian LPG Ltd. | Add +14.7% | 2.82% | +0.62 |
| VTOL Bristow Group Inc. | Add +8.5% | 10.34% | +0.51 |
| EXE Expand Energy Corp. | Add +21.3% | 3.14% | +0.31 |
| SM SM Energy Co. | Add +7.7% | 14.04% | −0.11 |
| MTDR Matador Resources Co. | Add +0.2% | 9.23% | −1.40 |