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CANNELL CAPITAL LLC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1058854
Institutional-grade research for retail investors

Sector Allocation

  • Financials28.4%$40.7M
  • Healthcare25.4%$36.3M
  • Energy14.9%$21.4M
  • Consumer Discretionary13.4%$19.2M
  • Industrials7.6%$10.9M
  • Technology5.0%$7.1M
  • Communication Services3.0%$4.2M
  • Utilities2.4%$3.4M
  • Real Estate0.1%$148,663

AUM History

13fpro.ai/research/fund/cannell-capital-llc-1058854

Conviction and streaks

Concentrating · top 10 = 57.6%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

ASIC$ASICConviction hold8.2% weight · held 5 quartersSNDL$SNDLConviction hold8.1% weight · held 10 quartersNOA$NOAConviction hold7.3% weight · held 10 quartersMDXG$MDXGConviction hold5.0% weight · held 10 quartersGBLI$GBLIConviction hold4.5% weight · held 10 quartersASIC$ASICAccumulating+4805% shares · 4 quarters runningCHGG$CHGGAccumulating+228% shares · 2 quarters runningMDXG$MDXGAccumulating+27% shares · 2 quarters runningOWLT$OWLTAccumulating+186% shares · 2 quarters runningGBLI$GBLIAccumulating+32% shares · 2 quarters runningNOA$NOATrimming-56% shares · 5 quarters runningNPKI$NPKITrimming-76% shares · 4 quarters runningNGS$NGSTrimming-66% shares · 3 quarters runningAPEI$APEITrimming-91% shares · 2 quarters runningCOMP$COMPTrimming-99% shares · 2 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/cannell-capital-llc-1058854

CANNELL CAPITAL LLC 13F holdings — Q2 2026

$149.1M portfolio (-8.4% QoQ) · 36 holdings · Q2 2026 13F · top 10 are 58% of the stock portfolio

Includes $5.9M of put/call options ($5.9M puts, $0 calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $143.2M. Weights use the stock portfolio.

All holdings — CANNELL CAPITAL LLC (Q2 2026)

36 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
ETON$ETONEton Pharmaceuticals, Inc.$6.2M-50%
NPKI$NPKINPK International Inc.$5.7M-45%
VTS$VTSVitesse Energy, Inc.$5.7MNew
RXT$RXTPUTRackspace Technology, Inc.$5.7M+3151%
NGS$NGSNATURAL GAS SERVICES GROUP INC$5.3M-36%
VRCA$VRCAVerrica Pharmaceuticals Inc.$4.8M+14%
SHIM$SHIMShimmick Corp$4.4MNew
SJT$SJTSAN JUAN BASIN ROYALTY TRUSTlp unit$3.9M+33%
PCYO$PCYOPURE CYCLE CORP$3.4MNew
BBW$BBWBUILD-A-BEAR WORKSHOP INC$3.2M-4%
LEE$LEELEE ENTERPRISES, Inc$3.1M-21%
ROOT$ROOTRoot, Inc.$2.9M—
HIPO$HIPOHippo Holdings Inc.$2.7M—
ARX$ARXAccelerant Holdings$2.0M+10%
NTIP$NTIPNETWORK-1 TECHNOLOGIES, INC.$1.9M+12%

What changed in Q2 2026

Against the previous quarter's 13F: 7 new, 15 added to, 11 trimmed, 12 sold out. Share-count changes; largest moves by dollar size first.

New positions (7)

  • VTS$VTSVitesse Energy, Inc.$5.7M

    first bought this quarter

  • SHIM$SHIMShimmick Corp$4.4M

    first bought this quarter

  • PCYO$PCYOPURE CYCLE CORP$3.4M

    first bought this quarter

  • KVHI$KVHIKVH INDUSTRIES INC \DE\$1.1M

    first bought this quarter

  • LINC$LINCLINCOLN EDUCATIONAL SERVICES CORP$202K

    first bought this quarter

  • COMP$COMPCompass, Inc.$149K

    first bought this quarter

+1 more in the Excel export

Added to (15)

  • RXT$RXTPUTRackspace Technology, Inc.+3151%

    now $5.7M

  • MDXG$MDXGMIMEDX GROUP, INC.+25%

    now $7.2M · held 10+ qtrs, 2 adds in a row

  • OWLT$OWLTOwlet, Inc.+24%

    now $7.1M · held 3 qtrs, 3 adds in a row

  • CHGG$CHGGCHEGG, INC+18%

    now $7.7M · held 3 qtrs, 3 adds in a row

  • SJT$SJTSAN JUAN BASIN ROYALTY TRUST+33%

    now $3.9M · held 9 qtrs, 2 adds in a row

  • POWW$POWWOutdoor Holding Co+853%

    now $767K · held 2 qtrs, 2 adds in a row

+9 more in the Excel export

Trimmed (11)

  • ETON$ETONEton Pharmaceuticals, Inc.-50%

    now $6.2M · held 7 qtrs

  • NPKI$NPKINPK International Inc.-45%

    now $5.7M · held 5 qtrs, 4 trims in a row

  • APEI$APEIAMERICAN PUBLIC EDUCATION INC-90%

    now $382K · held 4 qtrs, 2 trims in a row

  • NGS$NGSNATURAL GAS SERVICES GROUP INC-36%

    now $5.3M · held 6 qtrs, 3 trims in a row

  • OSUR$OSURORASURE TECHNOLOGIES INC-29%

    now $6.4M · held 10+ qtrs

  • NOA$NOANorth American Construction Group Ltd.-19%

    now $10.4M · held 10+ qtrs, 5 trims in a row

+5 more in the Excel export

Sold out (12)

  • TPB$TPBTurning Point Brands, Inc.was $6.2M

    held 5 qtrs

  • CVGW$CVGWCALAVO GROWERS INCwas $5.2M

    held 2 qtrs

  • GPGI$GPGIGPGI, Inc.was $4.1M

    held 9+ qtrs

  • CVCO$CVCOCAVCO INDUSTRIES, INC.was $2.8M

    held 9+ qtrs

  • HIPO$HIPOCALLHippo Holdings Inc.was $2.5M
  • PNRG$PNRGPRIMEENERGY RESOURCES CORPwas $2.3M

    held 9+ qtrs

+6 more in the Excel export

Firm AUM (Form ADV): $372.8M as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F CANNELL CAPITAL LLC has filed, 38 earlier quarters. Pick one to see what it held then.

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Is it too late to follow CANNELL CAPITAL?

Q2 2026 13F filed with the SEC on Aug 18, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of CANNELL CAPITAL's top 20 holdings: 43/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)

Top 10 since filing

-3.2%

Value-weighted move of the 10 largest stock positions

Turnover

15%

Last quarter; 73% over the last 4

Top 10 weight

58%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

64%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

CANNELL CAPITAL LLC disclosed 36 positions worth $149.1M in its Form 13F-HR for Q2 2026 — $143.2M in common stock plus $5.9M of put/call option positions (reported at underlying notional value, not premium at risk), led by $ASIC (Ategrity Specialty Insurance Co Holdings) at 8.2% of the equity portfolio, followed by $SNDL and $NOA. During the quarter the fund opened 7 new positions and exited 12 — including a new stake in $VTS and a full exit from $TPB. The portfolio is most concentrated in Financials (28.4% of disclosed assets). All figures are sourced directly from CANNELL CAPITAL LLC’s Form 13F-HR filing with the SEC under CIK 1058854.

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AI-Powered Hedge Fund Analysis: CANNELL CAPITAL LLC

13F Pro is an AI hedge fund tracker and stock research platform. For CANNELL CAPITAL LLC (SEC CIK: 1058854), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in CANNELL CAPITAL LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.