Q2 2026 13F · SEC CIK 2056821
Fearnley Asset Management As
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $278.1M
- Reported positions
- 16
- Holdings vs S&P 500, 3 yrs
- —
- Average holding period
- 3 qtrs
Fearnley Asset Management As is a hedge fund that reported 16 positions worth $278.1M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Sm Energy Company (SM, 14.0%), Antero Resources Corp (AR, 12.4%), Bristow Group Inc (VTOL, 10.3%).
Fearnley Asset Management As holdings all 16 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| SMSm Energy Company | 14.0% | +7.7% | $39.1M |
| ARAntero Resources Corp | 12.4% | +123.6% | $34.4M |
| VTOLBristow Group Inc | 10.3% | +8.5% | $28.8M |
| PBRPetroleo Brasileiro S A Sponsored ADR (b | 9.8% | -2.8% | $27.1M |
| MTDRMatador Resources Co. | 9.2% | +0.2% | $25.7M |
| SBLKStar Bulk Carriers Corp. | 9.0% | +5.6% | $25.1M |
| TNKTeekay Tankers Ltd | 7.3% | +351.8% | $20.3M |
| HAFNHafnia | 5.2% | -29.4% | $14.6M |
| SBSafe Bulkers Inc | 5.2% | +23.1% | $14.6M |
| EURNCmb.tech NV | 4.3% | +23.0% | $12.1M |
| EXEExpand Energy Corporation | 3.1% | +21.3% | $8.7M |
| LPGDorian Lpg Ltd | 2.8% | +14.7% | $7.8M |
| PAASPan Amern Silver Corp | 2.5% | +63.8% | $6.9M |
| ECOOkeanis Eco Tankers Cor | 2.0% | -52.7% | $5.5M |
| PRPermian Resources Corp | 1.7% | — | $4.6M |
| ASCArdmore Shipping Corp | 1.0% | — | $2.9M |
What Fearnley Asset Management As bought and sold in Q2 2026, against Q1 2026.
New positions
- PR Permian Resources Corp1.7% of 13F
- ASC Ardmore Shipping Corp1.0% of 13F
Added to
- TNK Teekay Tankers Ltd+351.8% shares
- AR Antero Resources Corp+123.6% shares
- PAAS Pan Amern Silver Corp+63.8% shares
- SB Safe Bulkers Inc+23.1% shares
- EURN Cmb.tech NV+23.0% shares
- EXE Expand Energy Corporation+21.3% shares
- LPG Dorian Lpg Ltd+14.7% shares
- VTOL Bristow Group Inc+8.5% shares
Reduced
- ECO Okeanis Eco Tankers Cor-52.7% shares
- HAFN Hafnia-29.4% shares
Sold out
- STNG Scorpio Tankers Incwas 4.0%
- FRO Frontline PLCwas 3.2%
- TS Tenaris S Awas 2.1%
- SFL Sfl Corp Ltd Fwas 2.1%
- BWLP Bw Lpg Ordwas 2.0%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- —
- 3 years
- —
- 5 years
- —
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $278.1M | 16 |
| Q1 2026 | $306.0M | 19 |
| Q4 2025 | $217.9M | 21 |
Questions about Fearnley Asset Management As's portfolio
What stocks does Fearnley Asset Management As own?
Fearnley Asset Management As's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 16 positions worth $278.1M. The largest are Sm Energy Company (SM) at 14.0%, Antero Resources Corp (AR) at 12.4%, Bristow Group Inc (VTOL) at 10.3%, Petroleo Brasileiro S A Sponsored ADR (b (PBR) at 9.8% and Matador Resources Co. (MTDR) at 9.2%.
What did Fearnley Asset Management As buy last quarter?
In Q2 2026, Fearnley Asset Management As added a new position in Permian Resources Corp (PR), a new position in Ardmore Shipping Corp (ASC), Teekay Tankers Ltd (TNK) (+351.8% shares), Antero Resources Corp (AR) (+123.6% shares) and Pan Amern Silver Corp (PAAS) (+63.8% shares), compared with its Q1 2026 filing.
What did Fearnley Asset Management As sell last quarter?
In Q2 2026, Fearnley Asset Management As sold all of Scorpio Tankers Inc (STNG), sold all of Frontline PLC (FRO), sold all of Tenaris S A (TS), sold all of Sfl Corp Ltd F (SFL), sold all of Bw Lpg Ord (BWLP), Okeanis Eco Tankers Cor (ECO) (-52.7% shares) and Hafnia (HAFN) (-29.4% shares), compared with its Q1 2026 filing.
When is Fearnley Asset Management As's next 13F filing due?
13F filings are due 45 days after each quarter ends. Fearnley Asset Management As's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.