Q1 2026 13F · SEC CIK 1058854

Cannell Capital LLC

Hedge fundFiled 2026-05-15 for Q1 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $154.0M
Reported positions: 35
Top holdings a year, 3 yrs: +13.3%
Assets under management: $372.8M

Cannell Capital LLC is a hedge fund that reported 35 positions worth $154.0M in its Q1 2026 13F, filed 2026-05-15. Its largest holdings were North American Construction Gr (NOA, 8.4%), Sndl Inc (SNDL, 7.5%), Ategrity Specialty in Co Ho (ASIC, 6.2%). A portfolio copying its top holdings returned 13.3% a year over the last 3 years, against 20.4% for the S&P 500.

Cannell Capital LLC holdings all 35 positions.

Weights are shares of the filer's total reported 13F value, compared with Q4 2025. 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.

Cannell Capital LLC 13F holdings
Stock	% of 13F value	Q4 2025	Shares	Share change	Reported value
NOANorth American Construction Gr	8.4%	9.9%	962,731	-10.5%	$13.0M
SNDLSndl Inc	7.5%	9.3%	8,761,155	+0.0%	$11.6M
ASICAtegrity Specialty in Co Ho	6.2%	4.3%	486,504	+51.5%	$9.6M
NPKINpk International Inc	6.2%	7.2%	654,689	-30.4%	$9.5M
ETONEton Pharmaceuticals Inc Com	5.5%	2.3%	341,985	+57.7%	$8.4M
NGSNatural Gas Services Group	4.7%	7.0%	191,681	-41.2%	$7.2M
GBLIGlobal Indemnity Group LLC	4.5%	3.5%	257,360	+31.4%	$7.0M
CHGGChegg Inc	4.3%	1.4%	6,914,000	+178.7%	$6.6M
TPBTurning Pt Brands Inc Com	4.0%	3.6%	71,692	+38.2%	$6.2M
AMRKGold Com Inc	3.9%	5.0%	150,066	-34.1%	$6.0M
OSUROraSure Technologies Inc	3.9%	3.0%	2,003,271	+2.5%	$6.0M
MDXGMimedx Group Inc	3.8%	6.4%	1,497,186	+1.7%	$5.9M
CVGWCalavo Growers Inc	3.3%	2.2%	199,750	+26.3%	$5.2M
OWLTOwlet Inc	3.3%	4.5%	998,165	+131.3%	$5.1M
LIFEEthos Technologies, Inc	3.3%	New	452,337	—	$5.1M
SJTSan Juan Basin Rty Tr	2.8%	3.0%	909,463	+8.8%	$4.4M
CMPOGpgi Inc	2.6%	4.5%	238,175	-34.6%	$4.1M
BBWBuild-A-Bear Workshop Inc	2.6%	3.0%	107,035	+38.3%	$4.0M
APEIAmerican Pub Ed Inc	2.5%	1.9%	68,329	-14.1%	$3.9M
LEELee Enterprises Inc	2.4%	0.6%	433,281	+110.5%	$3.7M
VRCAVerrica Pharmaceuticals Inc	2.4%	New	685,123	—	$3.6M
CVCOCavco Industries Inc	1.8%	4.3%	5,759	-49.3%	$2.8M
HIPOHippo Holdings Inc	1.6%	New	96,642	—	$2.5M
ROOTRoot Inc	1.5%	New	52,331	—	$2.3M
PNRGPrimeenergy Resources Corp	1.5%	1.1%	9,670	+0.0%	$2.3M
ARXAccelerant Holdings	1.4%	New	156,149	—	$2.1M
OPRTOportun Finl Corp	1.1%	New	372,697	—	$1.7M
NTIPNetwork-1 Technologies Inc	1.1%	1.0%	1,141,975	+0.0%	$1.6M
DGICADonegal Group Inc	0.9%	1.1%	82,939	+0.0%	$1.4M
CHGGChegg Inc	0.2%	New	409,236	—	$303K
REALThe Realreal Inc	0.2%	0.2%	27,504	+70.5%	$250K
FLOCFlowco Hldgs Inc	0.1%	New	10,000	—	$206K
SFIXStitch Fix Inc	0.1%	0.1%	53,268	+106.4%	$176K
MAMAMamas Creations Inc	0.1%	New	10,799	—	$166K
POWWOutdoor Holding Co	0.0%	New	35,315	—	$71K

What Cannell Capital LLC bought and sold in Q1 2026, against Q4 2025.

Sold out

Share counts compared with the Q4 2025 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +35.6% /yr; S&P 500 +20.1%
3 years: +13.3% /yr; S&P 500 +20.4%
5 years: +4.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 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.

13F value by quarter
Quarter	13F value	Positions
Q1 2026	$154.0M	35
Q4 2025	$156.7M	36
Q3 2025	$380.9M	55
Q2 2025	$320.1M	57
Q1 2025	$296.4M	48
Q4 2024	$486.6M	51
Q3 2024	$456.1M	48
Q2 2024	$418.0M	58
Q1 2024	$445.4M	52
Q4 2023	$447.8M	54
Q3 2023	$428.6M	51
Q2 2023	$500.7M	65

Questions about Cannell Capital LLC's portfolio

What stocks does Cannell Capital LLC own?

Cannell Capital LLC's latest 13F, for Q1 2026 and filed May 15, 2026, lists 35 positions worth $154.0M. The largest are North American Construction Gr (NOA) at 8.4%, Sndl Inc (SNDL) at 7.5%, Ategrity Specialty in Co Ho (ASIC) at 6.2%, Npk International Inc (NPKI) at 6.2% and Eton Pharmaceuticals Inc Com (ETON) at 5.5%.

What did Cannell Capital LLC buy last quarter?

In Q1 2026, Cannell Capital LLC added a new position in Ethos Technologies, Inc (LIFE), a new position in Verrica Pharmaceuticals Inc (VRCA), a new position in Hippo Holdings Inc (HIPO), a new position in Root Inc (ROOT), a new position in Accelerant Holdings (ARX), Chegg Inc (CHGG) (+178.7% shares), Owlet Inc (OWLT) (+131.3% shares) and Lee Enterprises Inc (LEE) (+110.5% shares), compared with its Q4 2025 filing.

What did Cannell Capital LLC sell last quarter?

In Q1 2026, Cannell Capital LLC sold all of Compass Inc (COMP), sold all of Savers Value Vlg Inc (SVV), sold all of Globalstar Inc (GSAT), sold all of Swk Hldgs Corp (SWKH), sold all of Winmark Corp (WINA), Cavco Industries Inc (CVCO) (-49.3% shares), Natural Gas Services Group (NGS) (-41.2% shares) and Gpgi Inc (CMPO) (-34.6% shares), compared with its Q4 2025 filing.

How has Cannell Capital LLC's portfolio performed?

A portfolio copying Cannell Capital LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +35.6% against +20.1%. Over 5 years: +4.8% a year against +11.6%.

When is Cannell Capital LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Cannell Capital LLC's filing for the quarter ending Jun 30, 2026 was due by Aug 14, 2026; this page updates once it is processed.

How much money does Cannell Capital LLC manage?

Cannell Capital LLC reported $372.8M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $154.0M.