FEARNLEY ASSET MANAGEMENT AS — 13F Holdings & Portfolio
CIK 2056821 · latest 13F-HR filed 2026-08-14
FEARNLEY ASSET MANAGEMENT AS manages $278.1M in 13F-reported U.S. long-equity assets across 16 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SM (14.04%), AR (12.35%), VTOL (10.34%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions and exited 5; 7 existing positions rose in reported value and 5 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 86.8%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Jun 4, 2026.
OSLO 0191
Norway
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| GLAAMENE INDUSTRIER AS Control | SHAREHOLDER since Mar 2013 | 25–50% | Foreign Entity |
| SHRA INVEST AS Control | SHAREHOLDER since Dec 2012 | 25–50% | Foreign Entity |
| UTHALDEN AS Control | SHAREHOLDER since Mar 2013 | 25–50% | Foreign Entity |
Ownership & leadership changes · 3 filings with changes since Mar 7, 2013
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedASTRUP FEARNLEY AS · SHAREHOLDER · 25–50% · control person · listed since Dec 2012
- AddedSHRA INVEST AS · SHAREHOLDER · 25–50% · control person
- No longer listedAS UTHALDEN · SHAREHOLDER · 25–50% · control person · listed since Mar 2013
- AddedUTHALDEN AS · SHAREHOLDER · 25–50% · control person
- No longer listedASTRUP, HANS, RASMUS · SHAREHOLDER · 25–50% · control person · listed since Dec 2012
- No longer listedASTRUP, HANS, RASMUS · SHAREHOLDER · 25–50% · indirect via FEARNLEY ADVISORS AS · control person · listed since Dec 2012
- ListedAS UTHALDEN · SHAREHOLDER · 25–50% · control person
- ListedASTRUP FEARNLEY AS · SHAREHOLDER · 25–50% · control person
- ListedASTRUP, HANS, RASMUS · SHAREHOLDER · 25–50% · control person
- ListedASTRUP, HANS, RASMUS · SHAREHOLDER · 25–50% · indirect via FEARNLEY ADVISORS AS · control person
- ListedGLAAMENE INDUSTRIER AS · SHAREHOLDER · 25–50% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ANTERO RESOURCES CORP$15.8M +85.1%
- TEEKAY TANKERS LTD$15.2M +299.8%
- STAR BULK CARRIERS CORP.$3.2M +14.8%
- CMB.TECH NV$3.2M +36.1%
- SAFE BULKERS INC$2.7M +22.7%
Top Trims
- HAFNIA LTD-$9.7M -40.0%
- PETROLEO BRASILEIRO S A-$8.7M -24.3%
- MATADOR RES CO-$6.8M -21.1%
- OKEANIS ECO TANKERS COR-$6.7M -54.9%
- SM ENERGY COMPANY-$4.3M -9.8%
Exited Positions
- SCORPIO TANKERS INC$12.1M
- FRONTLINE PLC$9.7M
- TENARIS S A$6.6M
- SFL CORPORATION LTD$6.5M
- BW LPG LTD$6.0M
FEARNLEY ASSET MANAGEMENT AS Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | SM ENERGY COMPANY | SM | 78454L100 | $39.1M | 14.04% | 1,496,537 | SH |
| 2 | ANTERO RESOURCES CORP | AR | 03674X106 | $34.4M | 12.35% | 977,727 | SH |
| 3 | BRISTOW GROUP INC | VTOL | 11040G103 | $28.8M | 10.34% | 696,001 | SH |
| 4 | PETROLEO BRASILEIRO S A | PBR | 71654V408 | $27.1M | 9.75% | 1,678,000 | SH |
| 5 | MATADOR RES CO | MTDR | 576485205 | $25.7M | 9.23% | 515,700 | SH |
| 6 | STAR BULK CARRIERS CORP. | SBLK | Y8162K204 | $25.1M | 9.02% | 1,004,209 | SH |
| 7 | TEEKAY TANKERS LTD | TNK | G8726X106 | $20.3M | 7.28% | 312,194 | SH |
| 8 | HAFNIA LTD | HAFN | Y2990R101 | $14.6M | 5.25% | 2,234,107 | SH |
| 9 | SAFE BULKERS INC | SB | Y7388L103 | $14.6M | 5.25% | 2,312,658 | SH |
| 10 | CMB.TECH NV | CMBT | B38564108 | $12.1M | 4.34% | 862,071 | SH |
| 11 | EXPAND ENERGY CORPORATION | EXE | 165167735 | $8.7M | 3.14% | 95,840 | SH |
| 12 | DORIAN LPG LTD | LPG | Y2106R110 | $7.8M | 2.82% | 225,406 | SH |
| 13 | PAN AMERN SILVER CORP | PAAS | 697900108 | $6.9M | 2.49% | 154,800 | SH |
| 14 | OKEANIS ECO TANKERS COR | ECO | Y64177101 | $5.5M | 1.99% | 111,836 | SH |
| 15 | PERMIAN RESOURCES CORP | PR | 71424F105 | $4.6M | 1.67% | 252,100 | SH |
| 16 | ARDMORE SHIPPING CORP | ASC | Y0207T100 | $2.9M | 1.05% | 208,056 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $278.1M | 16 | 0001892688-26-000122 |
| 2026-03-31 | 2026-05-15 | $306.0M | 19 | 0001892688-26-000082 |
| 2025-12-31 | 2026-03-03 | $217.9M | 21 | 0001892688-26-000052 |
| 2025-12-31 | 2026-02-17 | $217.9M | 21 | 0001892688-26-000040 |
OSLO 0191