Tannin Capital LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Tannin Capital LLC reported 152 stock positions worth $137.8 million. Its top holding was Global X 1-3 Month T-Bill (CLIP) at 5.9% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 4.2%) and JPMorgan Chase (JPM, 3.6%). Compared with Q4 2025, it opened 23 new positions, sold out of 6, added to 78 and reduced 36. The biggest buy was a new position in Global X 1-3 Month T-Bill (CLIP) and the biggest sale Intl Business Machines (IBM, shares −54%).

Most Recent 13F
Q2 2026
Location
CHARLOTTE, NC
CIK
0002110834
Portfolio Value
$137.8M (Q1 2026)
SEC Filing
0002110834-26-000003 ↗ filed May 12, 2026

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2025: $111.8M Q4 2025 Q1 2026: $137.8M $137.8M Q1 2026 Q2 2026: $152.2M Q2 2026

Holdings 152 stocks · $137.8M
CLIP Global X 1-3 Month T-Bill 5.86% 80,425 $8.1M New
BRK.A Berkshire Hathaway Inc. Class A 4.17% 8 $5.7M New
JPM JPMorgan Chase & Co. 3.61% 16,888 $5.0M Add +12.9%
AAPL Apple Inc. 3.60% 19,518 $5.0M Add +6.1%
GOOGL Alphabet Inc. Class A 2.81% 13,484 $3.9M Add +19.1%
NVDA Nvidia Corp. 2.74% 21,642 $3.8M Add +13.4%
VOO Vanguard S&P 500 ETF 2.47% 5,697 $3.4M Reduce -3.2%
GS Goldman Sachs Group Inc. 2.14% 3,492 $3.0M Add +12.0%
ABBV Abbvie Inc. 2.05% 13,014 $2.8M Add +15.0%
AVGO Broadcom Inc. 1.99% 8,874 $2.7M Add +47.9%
VUG Vanguard Mrngstar GR ETF-Sui 1.77% 5,589 $2.4M Add +1.1%
MSFT Microsoft Corp. 1.66% 6,192 $2.3M Add +14.4%
SPY SS SPDR S&P 500 ETF Trust-US 1.63% 3,449 $2.2M Reduce -1.3%
HD Home Depot Inc. 1.52% 6,351 $2.1M Add +13.8%
JNJ Johnson & Johnson 1.42% 7,994 $2.0M Add +7.6%
OIH Vaneck Oil Services ETF 1.36% 4,651 $1.9M New
V Visa Inc. Class A 1.30% 5,931 $1.8M Add +4.4%
EMR Emerson Electric Co. 1.24% 13,070 $1.7M Add +19.8%
VT Vanguard Tot World STK ETF 1.20% 12,002 $1.7M Reduce -4.9%
VTI VG Morningstar TS MKT ETF-US 1.19% 5,118 $1.6M Reduce -4.2%
CVX Chevron Corp. 1.14% 7,582 $1.6M Add +10.8%
WMT Walmart Inc. 1.13% 12,525 $1.6M Add +14.3%
META Meta Platforms Inc. Class A 1.07% 2,584 $1.5M Add +24.6%
IWD iShares Russell 1000 Value E 1.06% 6,806 $1.5M Reduce -5.5%
DIVO Amplify CWP Enhan Divid ETF 1.01% 30,950 $1.4M New
CSCO Cisco Systems Inc. 1.01% 17,879 $1.4M Add +16.9%
BRK.B Berkshire Hathaway Inc. Class B 0.99% 2,839 $1.4M Add +0.3%
GOOG Alphabet Inc. Class C 0.98% 4,711 $1.4M Add +2.1%
IJH iShares Core S&P Midcap ETF 0.98% 19,908 $1.3M Reduce -16.8%
AMZN Amazon.com Inc. 0.97% 6,427 $1.3M Add +6.4%
RTX RTX Corp. 0.94% 6,739 $1.3M New
SO The Southern Co. 0.89% 12,656 $1.2M Add +20.9%
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.86% 2,556 $1.2M Reduce -7.4%
SPDW Ste STR SPDR PT DW Eu ETF 0.84% 25,485 $1.2M Reduce -4.6%
OKE Oneok Inc. 0.83% 12,728 $1.2M Add +40.0%
EME Emcor Group Inc. 0.83% 1,541 $1.1M Reduce -2.4%
IWF iShares Russell 1000 Growth 0.81% 2,618 $1.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.80% 22,659 $1.1M Add +14.6%
PEP Pepsico Inc. 0.80% 7,093 $1.1M Add +14.9%
PG The Procter & Gamble Co. 0.79% 7,495 $1.1M Add +25.7%
CSX CSX Corp. 0.78% 26,082 $1.1M Add +13.5%
COF Capital One Financial Corp. 0.66% 4,964 $906K Add +26.5%
IUSG iShares Core S&P U.S. Growth 0.65% 5,813 $902K No change
QQQJ Invesco Nasdaq Next Gen 100 0.65% 24,660 $893K Reduce -9.4%
GLD SPDR Gold Shares 0.65% 2,072 $892K New
NFLX Netflix Inc. 0.64% 9,127 $878K Add +29.4%
SHOP Shopify Inc. Class A 0.64% 7,384 $876K Add +12.3%
VYM Vanguard High DVD Yield ETF 0.62% 5,743 $851K Reduce -10.8%
QQQ Invesco QQQ Trust Series 1 0.61% 1,458 $842K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.61% 3,445 $835K Reduce -53.6%
CL Colgate-Palmolive Co. 0.58% 9,335 $796K Add +32.2%
DUK Duke Energy Corp. 0.57% 6,034 $790K Add +5.0%
SCHB Schwab US Broad Market ETF 0.54% 29,703 $746K Add +0.0%
IJK iShares S&P Mid-Cap 400 Grow 0.53% 7,220 $726K Reduce -25.5%
IJT iShares S&P Small-Cap 600 GR 0.51% 4,827 $699K Reduce -27.6%
FAST Fastenal Co. 0.49% 14,562 $676K No change
SPOT Spotify Technology SA 0.49% 1,386 $672K Add +5.2%
FDX FedEx Corp. 0.49% 1,878 $669K Reduce -8.0%
HON Honeywell International Inc. 0.48% 2,900 $655K Add +16.6%
STX Seagate Technology Holdings 0.48% 1,673 $655K No change
IVV iShares Core S&P 500 ETF 0.47% 1,001 $654K Reduce -0.7%
HDV iShares Core High Dividend E 0.47% 4,766 $647K New
IE Ivanhoe Electric Inc. / US 0.47% 54,288 $642K Add +12.3%
TEL Te Connectivity PLC 0.45% 2,934 $613K Add +7.5%
COST Costco Wholesale Corp. 0.43% 601 $599K Add +10.7%
ABT Abbott Laboratories 0.42% 5,703 $586K Add +30.6%
VIG Vanguard Dividend Apprec ETF 0.42% 2,709 $583K Add +40.3%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.42% 2,263 $582K Reduce -38.7%
BP BP PLC-Spons ADR 0.41% 12,030 $565K Add +1.6%
TFC Truist Financial Corp. 0.41% 12,299 $565K Add +0.9%
TSCO Tractor Supply Company 0.41% 12,370 $560K No change
VGT Vanguard Info Tech ETF 0.40% 792 $553K Reduce -7.8%
BKNG Booking Holdings Inc. 0.40% 131 $552K No change
CRCL Circle Internet Group Inc. 0.40% 5,729 $547K Reduce -16.3%
INTC Intel Corp. 0.39% 12,208 $539K Reduce -4.8%
LNG Cheniere Energy Inc. 0.38% 1,863 $529K New
CB Chubb Ltd. 0.38% 1,591 $519K Add +3.4%
T AT&T Inc. 0.37% 17,747 $514K Add +44.0%
RBC RBC Bearings Inc. 0.36% 920 $500K Reduce -1.7%
CAT Caterpillar Inc. 0.34% 670 $475K Add +0.9%
MCD McDonald's Corp. 0.34% 1,509 $469K Add +68.6%
ORCL Oracle Corp. 0.32% 3,035 $446K Add +4.4%
EW Edwards Lifesciences Corp. 0.32% 5,558 $445K New
EXPD Expeditors Intl Wash Inc. 0.32% 3,104 $445K Add +1.3%
PFE Pfizer Inc. 0.32% 15,795 $444K Add +38.8%
CASY Casey's General Stores Inc. 0.32% 599 $436K No change
UPS United Parcel Service Class B 0.31% 4,341 $427K Add +87.3%
RJF Raymond James Financial Inc. 0.31% 2,912 $422K Add +19.2%
KMB Kimberly-Clark Corp. 0.29% 4,190 $404K New
BX Blackstone Inc. 0.29% 3,448 $396K No change
BWXT BWX Technologies Inc. 0.28% 1,914 $391K No change
SYK Stryker Corp. 0.28% 1,165 $383K Add +10.2%
VEU Vanguard Ftse All-World Ex-U 0.28% 5,057 $380K New
OII Oceaneering Intl Inc. 0.27% 10,546 $374K Add +5.8%
FIG Figma Inc. Class A 0.27% 17,503 $370K Add +36.7%
XLF SS Financial Select Sector 0.27% 7,423 $366K Reduce -13.0%
LLY Eli Lilly & Co. 0.26% 386 $355K Add +13.5%
MELI MercadoLibre Inc. 0.26% 204 $353K Add +7.9%
WTS Watts Water Technologies-A 0.26% 1,213 $352K Reduce -2.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.25% 3,644 $351K Add +11.9%
CRM Salesforce Inc. 0.25% 1,861 $347K Add +26.1%
VFH Vanguard Financials ETF 0.25% 2,837 $343K Reduce -12.9%
USAR USA Rare Earth Inc. 0.25% 22,437 $340K Add +9.8%
SBUX Starbucks Corp. 0.24% 3,743 $335K Add +41.1%
IDEV iShares Core MSCI Dev MKTS 0.24% 3,999 $334K New
BSX Boston Scientific Corp. 0.23% 5,102 $320K Add +14.0%
ETR Entergy Corp. 0.23% 2,808 $316K New
XLP SS Consumer Staples Sel Sect 0.23% 3,808 $312K Reduce -27.9%
ODFL Old Dominion Freight Line 0.22% 1,585 $310K Add +1.1%
ADI Analog Devices Inc. 0.22% 963 $306K Add +4.5%
XLV SS Health Care Select Sector 0.22% 2,075 $304K Reduce -22.2%
RY Royal Bank of Canada 0.21% 1,828 $296K New
NTRA Natera Inc. 0.21% 1,471 $294K Add +7.5%
SCHG Schwab US Large-Cap Growth 0.21% 10,095 $294K Reduce -0.3%
UNH Unitedhealth Group Inc. 0.21% 1,086 $294K Add +3.1%
TDY Teledyne Technologies Inc. 0.21% 484 $293K Reduce -6.2%
XLI SS Industrial Select Sector 0.21% 1,809 $293K Reduce -5.7%
SSD Simpson Manufacturing Co. Inc. 0.21% 1,688 $290K Reduce -0.5%
GGG Graco Inc. 0.21% 3,416 $289K No change
UBER Uber Technologies Inc. 0.21% 4,013 $289K Add +9.8%
IQV Iqvia Holdings Inc. 0.21% 1,671 $285K No change
GRMN Garmin Ltd. 0.20% 1,204 $279K Add +10.4%
VRTX Vertex Pharmaceuticals Inc. 0.20% 609 $272K No change
HUBB Hubbell Inc. 0.19% 544 $267K No change
AXP American Express Co. 0.19% 875 $265K No change
SYM Symbotic Inc. 0.19% 4,964 $264K Add +17.2%
VICR Vicor Corp. 0.19% 1,635 $263K New
MANH Manhattan Associates Inc. 0.19% 1,921 $256K Add +6.5%
FCN Fti Consulting Inc. 0.18% 1,440 $255K Add +6.8%
NLY Annaly Capital Management Inc. 0.18% 11,982 $253K New
MS Morgan Stanley 0.18% 1,518 $250K Add +14.3%
XLB SS Materials Select Sector 0.18% 4,995 $250K Reduce -18.5%
PRI Primerica Inc. 0.18% 970 $243K Add +1.6%
UI Ubiquiti Inc. 0.17% 305 $241K New
DCI Donaldson Co. Inc. 0.17% 2,797 $237K Add +1.5%
EFA iShares MSCI Eafe ETF 0.17% 2,421 $235K Reduce -0.3%
NEM Newmont Corp. 0.16% 2,095 $227K New
PLD Prologis Inc. 0.16% 1,710 $226K New
MRK Merck & Co. Inc. 0.16% 1,873 $225K Reduce -3.1%
NEE Nextera Energy Inc. 0.16% 2,421 $225K Reduce -3.9%
AM Antero Midstream Corp. 0.16% 9,829 $224K New
VONG Vanguard Russell 1000 Growth 0.16% 2,014 $221K Add +1.8%
FLR Fluor Corp. 0.16% 4,675 $218K New
XLK SS Technology Select Sector 0.16% 1,630 $217K Add +0.6%
LOW Lowe's Cos Inc. 0.15% 901 $213K Reduce -18.1%
GEOS Geospace Technologies Corp. 0.15% 17,209 $210K Add +27.1%
CARR Carrier Global Corp. 0.15% 3,678 $207K Reduce -7.3%
RSP Invesco S&P 500 Equal Weight 0.15% 1,050 $202K No change
IXUS iShares Core Intl Stock ETF 0.15% 2,312 $200K New
CALY Callaway Golf Company 0.13% 12,520 $174K Add +2.3%
RWT Redwood Trust Inc. 0.11% 27,672 $155K Add +121.7%
SPRY Ars Pharmaceuticals Inc. 0.11% 18,593 $149K Add +42.3%

Portfolio Sells Q4 2025 → Q1 2026
IBM Intl Business Machines Corp. Reduce -53.6% 0.61% −1.36
VOO Vanguard S&P 500 ETF Reduce -3.2% 2.47% −0.83
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.3% 1.63% −0.50
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -38.7% 0.42% −0.50
IJH iShares Core S&P Midcap ETF Reduce -16.8% 0.98% −0.44
VTI VG Morningstar TS MKT ETF-US Reduce -4.2% 1.19% −0.41
VT Vanguard Tot World STK ETF Reduce -4.9% 1.20% −0.39
IJT iShares S&P Small-Cap 600 GR Reduce -27.6% 0.51% −0.33
DIA SS SPDR Dow Jones Indus Avg Reduce -7.4% 0.86% −0.33
IJK iShares S&P Mid-Cap 400 Grow Reduce -25.5% 0.53% −0.31
IWD iShares Russell 1000 Value E Reduce -5.5% 1.06% −0.30
QQQJ Invesco Nasdaq Next Gen 100 Reduce -9.4% 0.65% −0.25
BR Broadridge Financial Solutio Sold out 0.00% −0.23
SPDW Ste STR SPDR PT DW Eu ETF Reduce -4.6% 0.84% −0.22
QCOM Qualcomm Inc. Sold out 0.00% −0.21
VYM Vanguard High DVD Yield ETF Reduce -10.8% 0.62% −0.21
KKR KKR & Co. Inc. Sold out 0.00% −0.21
SNOW Snowflake Inc. Sold out 0.00% −0.19
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.19
INTU Intuit Inc. Sold out 0.00% −0.19
VGT Vanguard Info Tech ETF Reduce -7.8% 0.40% −0.18
XLF SS Financial Select Sector Reduce -13.0% 0.27% −0.15
XLV SS Health Care Select Sector Reduce -22.2% 0.22% −0.15
IVV iShares Core S&P 500 ETF Reduce -0.7% 0.47% −0.14
XLP SS Consumer Staples Sel Sect Reduce -27.9% 0.23% −0.14
VFH Vanguard Financials ETF Reduce -12.9% 0.25% −0.14
CRCL Circle Internet Group Inc. Reduce -16.3% 0.40% −0.09
LOW Lowe's Cos Inc. Reduce -18.1% 0.15% −0.08
SCHG Schwab US Large-Cap Growth Reduce -0.3% 0.21% −0.08
XLB SS Materials Select Sector Reduce -18.5% 0.18% −0.07
XLI SS Industrial Select Sector Reduce -5.7% 0.21% −0.05
WTS Watts Water Technologies-A Reduce -2.4% 0.26% −0.05
FDX FedEx Corp. Reduce -8.0% 0.49% −0.04
EME Emcor Group Inc. Reduce -2.4% 0.83% −0.04
EFA iShares MSCI Eafe ETF Reduce -0.3% 0.17% −0.04
CARR Carrier Global Corp. Reduce -7.3% 0.15% −0.04
SSD Simpson Manufacturing Co. Inc. Reduce -0.5% 0.21% −0.03
INTC Intel Corp. Reduce -4.8% 0.39% −0.03
TDY Teledyne Technologies Inc. Reduce -6.2% 0.21% −0.02
MRK Merck & Co. Inc. Reduce -3.1% 0.16% −0.02
NEE Nextera Energy Inc. Reduce -3.9% 0.16% −0.02
RBC RBC Bearings Inc. Reduce -1.7% 0.36% −0.01

Portfolio Buys Q4 2025 → Q1 2026
CLIP Global X 1-3 Month T-Bill New 5.86% +5.86
BRK.A Berkshire Hathaway Inc. Class A New 4.17% +4.17
OIH Vaneck Oil Services ETF New 1.36% +1.36
DIVO Amplify CWP Enhan Divid ETF New 1.01% +1.01
RTX RTX Corp. New 0.94% +0.94
GLD SPDR Gold Shares New 0.65% +0.65
QQQ Invesco QQQ Trust Series 1 New 0.61% +0.61
HDV iShares Core High Dividend E New 0.47% +0.47
LNG Cheniere Energy Inc. New 0.38% +0.38
EW Edwards Lifesciences Corp. New 0.32% +0.32
KMB Kimberly-Clark Corp. New 0.29% +0.29
VEU Vanguard Ftse All-World Ex-U New 0.28% +0.28
IDEV iShares Core MSCI Dev MKTS New 0.24% +0.24
OKE Oneok Inc. Add +40.0% 0.83% +0.24
ETR Entergy Corp. New 0.23% +0.23
RY Royal Bank of Canada New 0.21% +0.21
CVX Chevron Corp. Add +10.8% 1.14% +0.21
VICR Vicor Corp. New 0.19% +0.19
NLY Annaly Capital Management Inc. New 0.18% +0.18
UI Ubiquiti Inc. New 0.17% +0.17
NEM Newmont Corp. New 0.16% +0.16
PLD Prologis Inc. New 0.16% +0.16
AM Antero Midstream Corp. New 0.16% +0.16
FLR Fluor Corp. New 0.16% +0.16
IXUS iShares Core Intl Stock ETF New 0.15% +0.15
AVGO Broadcom Inc. Add +47.9% 1.99% +0.14
UPS United Parcel Service Class B Add +87.3% 0.31% +0.10
T AT&T Inc. Add +44.0% 0.37% +0.10
MCD McDonald's Corp. Add +68.6% 0.34% +0.10
CL Colgate-Palmolive Co. Add +32.2% 0.58% +0.08
SO The Southern Co. Add +20.9% 0.89% +0.07
PFE Pfizer Inc. Add +38.8% 0.32% +0.07
OII Oceaneering Intl Inc. Add +5.8% 0.27% +0.06
RWT Redwood Trust Inc. Add +121.7% 0.11% +0.05
NFLX Netflix Inc. Add +29.4% 0.64% +0.05
JNJ Johnson & Johnson Add +7.6% 1.42% +0.04
SBUX Starbucks Corp. Add +41.1% 0.24% +0.04
VIG Vanguard Dividend Apprec ETF Add +40.3% 0.42% +0.04
BP BP PLC-Spons ADR Add +1.6% 0.41% +0.04
HON Honeywell International Inc. Add +16.6% 0.48% +0.04
WMT Walmart Inc. Add +14.3% 1.13% +0.04
CSX CSX Corp. Add +13.5% 0.78% +0.03
USAR USA Rare Earth Inc. Add +9.8% 0.25% +0.03
PG The Procter & Gamble Co. Add +25.7% 0.79% +0.02
COST Costco Wholesale Corp. Add +10.7% 0.43% +0.02
PEP Pepsico Inc. Add +14.9% 0.80% +0.01
ODFL Old Dominion Freight Line Add +1.1% 0.22% +0.00
GRMN Garmin Ltd. Add +10.4% 0.20% +0.00
CAT Caterpillar Inc. Add +0.9% 0.34% +0.00
ADI Analog Devices Inc. Add +4.5% 0.22% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 169$152.2MBRK.A, CLIP, JPM, AAPL, GOOGL
Q1 2026 152$137.8MCLIP, BRK.A, JPM, AAPL, GOOGL
Q4 2025 135$111.8MAAPL, JPM, VOO, NVDA, GOOGL