Fearnley Asset Management As
Net buyer this quarter
$278M
16
+$6.54M
86.8%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 SM | $39.1M | 14.04% | 0.63% | +7.7% | Q4 2025 |
 AR | $34.4M | 12.35% | 0.32% | +123.6% | Q4 2025 |
 VTOL | $28.8M | 10.34% | 2.35% | +8.5% | Q4 2025 |
 PBR | $27.1M | 9.75% | 0.02% | -2.8% | Q4 2025 |
 MTDR | $25.7M | 9.23% | 0.42% | +0.2% | Q1 2026 |
 SBLK | $25.1M | 9.02% | 0.89% | +5.6% | Q4 2025 |
 TNK | $20.3M | 7.28% | 2.99% | +351.8% | Q4 2025 |
 HAFN | $14.6M | 5.25% | 0.45% | -29.4% | Q4 2025 |
 SB | $14.6M | 5.25% | 2.26% | +23.1% | Q4 2025 |
 CMBT | $12.1M | 4.34% | 0.27% | +23.0% | Q4 2025 |
 EXE | $8.74M | 3.14% | 0.04% | +21.3% | Q4 2025 |
 LPG | $7.84M | 2.82% | 0.53% | +14.7% | Q1 2026 |
 PAAS | $6.93M | 2.49% | 0.04% | +63.8% | Q4 2025 |
 ECO | $5.52M | 1.99% | 0.32% | -52.7% | Q4 2025 |
 PR | $4.64M | 1.67% | 0.03% | Not reported | Q4 2025 |
 ASC | $2.91M | 1.05% | 0.51% | New | Q2 2026 |
| Q1 2026 | |||||
| SM | $43.3M | 14.16% | 0.58% | +58.6% | Q4 2025 |
| PBR | $35.8M | 11.71% | 0.02% | +16.3% | Q4 2025 |
| MTDR | $32.5M | 10.63% | 0.41% | New | Q1 2026 |
| VTOL | $30.1M | 9.83% | 2.17% | +38.6% | Q4 2025 |
| HAFN | $24.3M | 7.95% | 0.64% | +435.8% | Q4 2025 |
| SBLK | $21.8M | 7.14% | 0.84% | +64.8% | Q4 2025 |
| AR | $18.6M | 6.06% | 0.14% | -38.5% | Q4 2025 |
| ECO | $12.2M | 4.00% | 0.67% | -57.4% | Q4 2025 |
 STNG | $12.1M | 3.95% | 0.31% | New | Q1 2026 |
| SB | $11.9M | 3.89% | 1.84% | +77.2% | Q4 2025 |
 FRO | $9.75M | 3.19% | 0.12% | -12.4% | Q4 2025 |
| CMBT | $8.86M | 2.90% | 0.22% | -34.3% | Q4 2025 |
| EXE | $8.67M | 2.83% | 0.03% | -28.2% | Q4 2025 |
| LPG | $6.72M | 2.20% | 0.46% | New | Q1 2026 |
 TS | $6.56M | 2.14% | 0.01% | +134.8% | Q4 2025 |
 SFL | $6.54M | 2.14% | 0.42% | +82.2% | Q4 2025 |
 BWLP | $5.99M | 1.96% | 0.22% | -17.6% | Q4 2025 |
| PAAS | $5.16M | 1.69% | 0.02% | +50.2% | Q4 2025 |
| TNK | $5.07M | 1.66% | 0.66% | -79.4% | Q4 2025 |
| Q4 2025 | |||||
| AR | $24.5M | 11.25% | 0.23% | New | Q4 2025 |
| ECO | $18.7M | 8.58% | 1.57% | New | Q4 2025 |
 RRC | $17.9M | 8.23% | 0.22% | New | Q4 2025 |
| TNK | $17.9M | 8.21% | 3.21% | New | Q4 2025 |
| PBR | $17.6M | 8.07% | 0.02% | New | Q4 2025 |
| VTOL | $16.9M | 7.78% | 1.59% | New | Q4 2025 |
| SM | $16.4M | 7.52% | 0.76% | New | Q4 2025 |
| EXE | $12.1M | 5.57% | 0.05% | New | Q4 2025 |
| SBLK | $11.1M | 5.09% | 0.51% | New | Q4 2025 |
| CMBT | $10.3M | 4.72% | 0.34% | New | Q4 2025 |
 SLB | $8.57M | 3.94% | 0.01% | New | Q4 2025 |
| PR | $7.17M | 3.29% | 0.07% | New | Q4 2025 |
| FRO | $7M | 3.21% | 0.14% | New | Q4 2025 |
 INSW | $6.26M | 2.87% | 0.26% | New | Q4 2025 |
| BWLP | $5.39M | 2.47% | 0.27% | New | Q4 2025 |
| SB | $5.11M | 2.35% | 1.04% | New | Q4 2025 |
 TRMD | $4.05M | 1.86% | 0.20% | New | Q4 2025 |
| PAAS | $3.26M | 1.50% | 0.01% | New | Q4 2025 |
| HAFN | $3.18M | 1.46% | 0.12% | New | Q4 2025 |
| SFL | $2.6M | 1.19% | 0.23% | New | Q4 2025 |
| TS | $1.85M | 0.85% | 0.00% | New | Q4 2025 |