Cannell Capital LLC
Cannell Capital LLC reported 34 US-listed holdings worth $143.2 million in its 13F for the quarter ended 30 June 2026, filed 18 August 2026. Its largest: Ategrity Specialty in Co. Ho (8.2%), Sndl Inc. (8.1%) and North Amern Constr Group Ltd (7.3%). Against the quarter before, it opened 7 positions, added to 13, trimmed 11 and sold out of 8.
The 14 largest of its 34 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +10.3% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 7
- Vitesse Energy Inc VTS$5.7 million
- Shimmick Corporation SHIM$4.4 million
- Pure Cycle Corp. PCYO$3.4 million
- KVH Inds Inc. KVHI$1.1 million
- Lincoln Edl Svcs Corp. LINC$202,394
- Compass Inc. COMP$148,663
- Cronos Group Inc. CRON$121,558
Added to 13
- Mimedx Group Inc. MDXG+373,250 shares · +25%
- Owlet Inc. OWLT+235,888 shares · +24%
- Chegg Inc.+1.2 million shares · +18%
- San Juan Basin Rty Trust SJT+303,297 shares · +33%
- Ammo Inc. POWW+301,209 shares · +853%
- Verrica Pharmaceuticals Inc. VRCA+98,800 shares · +14%
- Chegg Inc. CHGG+454,032 shares · +111%
- NETWORK-1 Technologies Inc. NTIP+133,238 shares · +12%
and 5 more in the table below
Trimmed 11
- Eton Pharmaceuticals Inc. ETON-171,238 shares · -50%
- Newpark Res Inc. NPKI-294,807 shares · -45%
- American Pub Ed Inc. APEI-61,222 shares · -90%
- Natural Gas Svcs Group Inc. Com NGS-69,294 shares · -36%
- Orasure Technologies Inc. OSUR-575,852 shares · -29%
- North Amern Constr Group Ltd NOA-179,040 shares · -19%
- Lee Enterprises Inc. LEE-88,932 shares · -21%
- Ethos Technologies Inc. LIFE-43,841 shares · -10%
and 3 more in the table below
Sold out of 8
- Turning PT Brands Inc. TPB$6.2 million last quarter
- Calavo Growers Inc. CVGW$5.2 million last quarter
- Composecure Inc. GPGI$4.1 million last quarter
- Cavco Industries, Inc. CVCO$2.8 million last quarter
- Primeenergy Resources Corp. PNRG$2.3 million last quarter
- Oportun Financial Corp. OPRT$1.7 million last quarter
- Flowco Holdings Inc. FLOC$206,000 last quarter
- Mamas Creations Inc. MAMA$165,657 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Ategrity Specialty in Co. Ho ASIC | 490.5K | $11.8 million | 8.23% | +4.0K |
| Sndl Inc. SNDL | 8.6M | $11.7 million | 8.14% | -121.8K |
| North Amern Constr Group Ltd NOA | 783.7K | $10.4 million | 7.28% | -179.0K |
| Chegg Inc. | 8.1M | $7.7 million | 5.37% | +1.2M |
| Ethos Technologies Inc. LIFE | 408.5K | $7.4 million | 5.17% | -43.8K |
| Mimedx Group Inc. MDXG | 1.9M | $7.2 million | 5.03% | +373.2K |
| Owlet Inc. OWLT | 1.2M | $7.1 million | 4.95% | +235.9K |
| Global Indemnity Group LLC GBLI | 257.9K | $6.5 million | 4.51% | +515 |
| Orasure Technologies Inc. OSUR | 1.4M | $6.4 million | 4.44% | -575.9K |
| A-Mark Precious Metals Inc. GOLD | 152.7K | $6.4 million | 4.44% | +2.6K |
| Eton Pharmaceuticals Inc. ETON | 170.7K | $6.2 million | 4.32% | -171.2K |
| Newpark Res Inc. NPKI | 359.9K | $5.7 million | 4.00% | -294.8K |
| Vitesse Energy Inc VTS | 361.7K | $5.7 million | 3.98% | new |
| Natural Gas Svcs Group Inc. Com NGS | 122.4K | $5.3 million | 3.69% | -69.3K |
| Verrica Pharmaceuticals Inc. VRCA | 783.9K | $4.8 million | 3.35% | +98.8K |
| Shimmick Corporation SHIM | 957.6K | $4.4 million | 3.06% | new |
| San Juan Basin Rty Trust SJT | 1.2M | $3.9 million | 2.72% | +303.3K |
| Pure Cycle Corp. PCYO | 314.6K | $3.4 million | 2.35% | new |
| Build-A-Bear Workshop Inc. BBW | 103.1K | $3.2 million | 2.20% | -3.9K |
| Lee Enterprises Inc. LEE | 344.3K | $3.1 million | 2.15% | -88.9K |
| Root Inc. ROOT | 52.3K | $2.9 million | 2.04% | no change |
| Hippo Hldgs Inc. HIPO | 96.6K | $2.7 million | 1.91% | no change |
| Accelerant Holdings ARX | 171.1K | $2.0 million | 1.40% | +14.9K |
| NETWORK-1 Technologies Inc. NTIP | 1.3M | $1.9 million | 1.31% | +133.2K |
| Donegal Group Inc. DGICA | 82.9K | $1.6 million | 1.09% | no change |
| KVH Inds Inc. KVHI | 114.9K | $1.1 million | 0.80% | new |
| Chegg Inc. CHGG | 863.3K | $871,901 | 0.61% | +454.0K |
| Ammo Inc. POWW | 336.5K | $767,275 | 0.54% | +301.2K |
| American Pub Ed Inc. APEI | 7.1K | $381,646 | 0.27% | -61.2K |
| the Realreal Inc. REAL | 23.0K | $271,630 | 0.19% | -4.5K |
| Stitch Fix Inc. SFIX | 54.5K | $224,106 | 0.16% | +1.3K |
| Lincoln Edl Svcs Corp. LINC | 4.1K | $202,394 | 0.14% | new |
| Compass Inc. COMP | 12.1K | $148,663 | 0.10% | new |
| Cronos Group Inc. CRON | 43.7K | $121,558 | 0.08% | new |
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Change is shares against its 13F for the quarter before; the 8 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| Rackspace Technology Inc. RXT | Puts | 869.7K | $5.7 million |
| iShares Russell 2000 ETF IWM | Puts | 700 | $210,315 |
2 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.