FEARNLEY ASSET MANAGEMENT AS — 13F Holdings & Portfolio
CIK 2056821 · latest 13F-HR filed 2026-05-15
FEARNLEY ASSET MANAGEMENT AS manages $306.0M in 13F-reported U.S. long-equity assets across 19 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SM (14.16%), PBR (11.71%), MTDR (10.63%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 3 new positions, exited 5, added to 11, and trimmed 5.
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.
$306.0M
Long-equity book
19
Distinct positions
2026-03-31
Filed 2026-05-15
+3 / −5 / ↑11 / ↓5
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SM ENERGY COMPANY$26.9M +164.5%
- HAFNIA LTD$21.1M +663.9%
- PETROLEO BRASILEIRO S A$18.2M +103.7%
- BRISTOW GROUP INC$13.1M +77.5%
- STAR BULK CARRIERS CORP.$10.8M +96.9%
Top Trims
- TEEKAY TANKERS LTD-$12.8M -71.7%
- OKEANIS ECO TANKERS COR-$6.4M -34.5%
- ANTERO RESOURCES CORP-$6.0M -24.3%
- EXPAND ENERGY CORPORATION-$3.5M -28.5%
- CMB.TECH NV-$1.4M -13.8%
Exited Positions
- RANGE RES CORP$17.9M
- SLB LIMITED$8.6M
- PERMIAN RESOURCES CORP$7.2M
- INTERNATIONAL SEAWAYS INC$6.3M
- TORM PLC$4.0M
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 | $43.3M | 14.16% | 1,389,562 | SH |
| 2 | PETROLEO BRASILEIRO S A | PBR | 71654V408 | $35.8M | 11.71% | 1,726,400 | SH |
| 3 | MATADOR RES CO | MTDR | 576485205 | $32.5M | 10.63% | 514,700 | SH |
| 4 | BRISTOW GROUP INC | VTOL | 11040G103 | $30.1M | 9.83% | 641,401 | SH |
| 5 | HAFNIA LTD | HAFN | Y2990R101 | $24.3M | 7.95% | 3,162,952 | SH |
| 6 | STAR BULK CARRIERS CORP. | SBLK | Y8162K204 | $21.8M | 7.14% | 951,206 | SH |
| 7 | ANTERO RESOURCES CORP | AR | 03674X106 | $18.6M | 6.06% | 437,327 | SH |
| 8 | OKEANIS ECO TANKERS COR | ECO | Y64177101 | $12.2M | 4.00% | 236,394 | SH |
| 9 | SCORPIO TANKERS INC | STNG | Y7542C130 | $12.1M | 3.95% | 162,005 | SH |
| 10 | SAFE BULKERS INC | SB | Y7388L103 | $11.9M | 3.89% | 1,879,298 | SH |
| 11 | FRONTLINE PLC | FRO | M46528101 | $9.7M | 3.19% | 278,079 | SH |
| 12 | CMB.TECH NV | CMBT | B38564108 | $8.9M | 2.90% | 700,737 | SH |
| 13 | EXPAND ENERGY CORPORATION | EXE | 165167735 | $8.7M | 2.83% | 79,000 | SH |
| 14 | DORIAN LPG LTD | LPG | Y2106R110 | $6.7M | 2.20% | 196,543 | SH |
| 15 | TENARIS S A | TS | 88031M109 | $6.6M | 2.14% | 112,700 | SH |
| 16 | SFL CORPORATION LTD | SFL | G7738W106 | $6.5M | 2.14% | 605,682 | SH |
| 17 | BW LPG LTD | BWLP | Y10230103 | $6.0M | 1.96% | 339,027 | SH |
| 18 | PAN AMERN SILVER CORP | PAAS | 697900108 | $5.2M | 1.69% | 94,500 | SH |
| 19 | TEEKAY TANKERS LTD | TNK | G8726X106 | $5.1M | 1.66% | 69,094 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |