FEARNLEY ASSET MANAGEMENT AS
CIK 0002056821
Annualised vol
10.45134%
Beta
0.162976
HHI
877.015567
Top-10 weight
86.844058%
VaR 95%
0.964331%
VaR 99%
1.652323%
Max drawdown
35.991586%
Matched value
76.542111%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| SM | ADDED | 1,496,537 | 1,389,562 | 7.7% | 39,059,616 |
| AR | ADDED | 977,727 | 437,327 | 123.57% | 34,357,327 |
| VTOL | ADDED | 696,001 | 641,401 | 8.51% | 28,758,761 |
| SBLK | ADDED | 1,004,209 | 951,206 | 5.57% | 25,075,099 |
| TNK | ADDED | 312,194 | 69,094 | 351.84% | 20,252,025 |
| HAFN | REDUCED | 2,234,107 | 3,162,952 | -29.37% | 14,594,635 |
| SB | ADDED | 2,312,658 | 1,879,298 | 23.06% | 14,592,872 |
| CMBT | ADDED | 862,071 | 700,737 | 23.02% | 12,060,373 |
| EXE | ADDED | 95,840 | 79,000 | 21.32% | 8,739,650 |
| LPG | ADDED | 225,406 | 196,543 | 14.69% | 7,839,621 |
| PR | NEW | 252,100 | - | - | 4,641,161 |
| ASC | NEW | 208,056 | - | - | 2,914,865 |
| SFL | CLOSED OUT | 0 | 605,682 | -100.0% | 0 |
| BWLP | CLOSED OUT | 0 | 339,027 | -100.0% | 0 |
| FRO | CLOSED OUT | 0 | 278,079 | -100.0% | 0 |
| STNG | CLOSED OUT | 0 | 162,005 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| SM | ADDED | SM ENERGY COMPANY | COM | 78454L100 | 39,059,616 | 14.04 | 1496537.0 |
| AR | ADDED | ANTERO RESOURCES CORP | COM | 03674X106 | 34,357,327 | 12.35 | 977727.0 |
| VTOL | ADDED | BRISTOW GROUP INC | COM | 11040G103 | 28,758,761 | 10.34 | 696001.0 |
| - | PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 | 27,116,480 | 9.75 | 1678000.0 | |
| - | MATADOR RES CO | COM | 576485205 | 25,671,546 | 9.23 | 515700.0 | |
| SBLK | ADDED | STAR BULK CARRIERS CORP. | SHS PAR | Y8162K204 | 25,075,099 | 9.02 | 1004209.0 |
| TNK | ADDED | TEEKAY TANKERS LTD | CL A | G8726X106 | 20,252,025 | 7.28 | 312194.0 |
| HAFN | REDUCED | HAFNIA LTD | SHS | Y2990R101 | 14,594,635 | 5.25 | 2234107.0 |
| SB | ADDED | SAFE BULKERS INC | COM | Y7388L103 | 14,592,872 | 5.25 | 2312658.0 |
| CMBT | ADDED | CMB.TECH NV | SHS | B38564108 | 12,060,373 | 4.34 | 862071.0 |
| EXE | ADDED | EXPAND ENERGY CORPORATION | COM | 165167735 | 8,739,650 | 3.14 | 95840.0 |
| LPG | ADDED | DORIAN LPG LTD | SHS USD | Y2106R110 | 7,839,621 | 2.82 | 225406.0 |
| - | PAN AMERN SILVER CORP | COM | 697900108 | 6,933,492 | 2.49 | 154800.0 | |
| - | OKEANIS ECO TANKERS COR | SHS | Y64177101 | 5,521,734 | 1.99 | 111836.0 | |
| PR | NEW | PERMIAN RESOURCES CORP | CLASS A COM | 71424F105 | 4,641,161 | 1.67 | 252100.0 |
| ASC | NEW | ARDMORE SHIPPING CORP | COM | Y0207T100 | 2,914,865 | 1.05 | 208056.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 278,129,257 | 16 | 10.45134 | 0.162976 | 35.991586 |
| 2026-03-31 | 2026-05-15 | 306,034,666 | 19 | 6.764851 | 0.096725 | 21.690385 |
| 2025-12-31 | 2026-03-03 | 217,889,601 | 21 | 11.112658 | 0.194797 | 40.918337 |