Q2 2026 13F · SEC CIK 1058854

Cannell Capital LLC

Hedge fundFiled 2026-08-18 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $143.2M
Reported positions: 34
Top holdings a year, 3 yrs: +13.3%
Assets under management: $372.8M

Cannell Capital LLC is a hedge fund that reported 34 positions worth $143.2M in its Q2 2026 13F, filed 2026-08-18. Its largest holdings were Ategrity Specialty in Co Ho (ASIC, 8.2%), Sndl Inc (SNDL, 8.1%), North American Construction Gr (NOA, 7.3%). 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 34 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. 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	Q1 2026	Shares	Share change	Reported value
ASICAtegrity Specialty in Co Ho	8.2%	6.2%	490,482	+0.8%	$11.8M
SNDLSndl Inc	8.1%	7.5%	8,639,381	-1.4%	$11.7M
NOANorth American Construction Gr	7.3%	8.4%	783,691	-18.6%	$10.4M
CHGGChegg Inc	5.4%	4.3%	8,126,000	+17.5%	$7.7M
LIFEEthos Technologies Inc	5.2%	3.3%	408,496	-9.7%	$7.4M
MDXGMimedx Group Inc	5.0%	3.8%	1,870,436	+24.9%	$7.2M
OWLTOwlet Inc	4.9%	3.3%	1,234,053	+23.6%	$7.1M
GBLIGlobal Indemnity Group LLC	4.5%	4.5%	257,875	+0.2%	$6.5M
OSUROrasure Technologies Inc	4.4%	3.9%	1,427,419	-28.7%	$6.4M
AMRKGold Com Inc	4.4%	3.9%	152,691	+1.7%	$6.4M
ETONEton Pharmaceuticals Inc	4.3%	5.5%	170,747	-50.1%	$6.2M
NPKINpk International Inc	4.0%	6.2%	359,882	-45.0%	$5.7M
VTSVitesse Energy Inc	4.0%	New	361,693	—	$5.7M
NGSNatural Gas Svcs Group Inc	3.7%	4.7%	122,387	-36.2%	$5.3M
VRCAVerrica Pharmaceuticals Inc	3.3%	2.4%	783,923	+14.4%	$4.8M
SHIMShimmick Corporation	3.1%	New	957,605	—	$4.4M
SJTSan Juan Basin Rty Tr Unit Ben Int	2.7%	2.8%	1,212,760	+33.3%	$3.9M
PCYOPure Cycle Corp	2.4%	New	314,640	—	$3.4M
BBWBuild-A-Bear Workshop Inc	2.2%	2.6%	103,088	-3.7%	$3.2M
LEELee Enterprises Inc	2.2%	2.4%	344,349	-20.5%	$3.1M
ROOTRoot Inc	2.0%	1.5%	52,331	+0.0%	$2.9M
HIPOHippo Holdings Inc	1.9%	1.6%	96,642	+0.0%	$2.7M
ARXAccelerant Holdings	1.4%	1.4%	171,080	+9.6%	$2.0M
NTIPNetwork-1 Technologies Com	1.3%	1.1%	1,275,213	+11.7%	$1.9M
DGICADonegal Group, Inc. A	1.1%	0.9%	82,939	+0.0%	$1.6M
KVHIKvh Inds Inc	0.8%	New	114,934	—	$1.1M
CHGGChegg Inc	0.6%	0.2%	863,268	+110.9%	$872K
POWWOutdoor Hldg Co	0.5%	0.0%	336,524	+852.9%	$767K
APEIAmerican Pub Ed Inc	0.3%	2.5%	7,107	-89.6%	$382K
REALThe Realreal Inc	0.2%	0.2%	23,039	-16.2%	$272K
SFIXStitch Fix Inc	0.2%	0.1%	54,527	+2.4%	$224K
LINCLincoln Educational Srvcs	0.1%	New	4,056	—	$202K
COMPCompass Inc	0.1%	New	12,057	—	$149K
CRONCronos Group Inc	0.1%	New	43,726	—	$122K

What Cannell Capital LLC bought and sold in Q2 2026, against Q1 2026.

Sold out

Share counts compared with the Q1 2026 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, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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
Q2 2026	$143.2M	34
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

Questions about Cannell Capital LLC's portfolio

What stocks does Cannell Capital LLC own?

Cannell Capital LLC's latest 13F, for Q2 2026 and filed Aug 18, 2026, lists 34 positions worth $143.2M. The largest are Ategrity Specialty in Co Ho (ASIC) at 8.2%, Sndl Inc (SNDL) at 8.1%, North American Construction Gr (NOA) at 7.3%, Chegg Inc (CHGG) at 5.4% and Ethos Technologies Inc (LIFE) at 5.2%.

What did Cannell Capital LLC buy last quarter?

In Q2 2026, Cannell Capital LLC added a new position in Vitesse Energy Inc (VTS), a new position in Shimmick Corporation (SHIM), a new position in Pure Cycle Corp (PCYO), a new position in Kvh Inds Inc (KVHI), a new position in Lincoln Educational Srvcs (LINC), Outdoor Hldg Co (POWW) (+852.9% shares), Chegg Inc (CHGG) (+110.9% shares) and San Juan Basin Rty Tr Unit Ben Int (SJT) (+33.3% shares), compared with its Q1 2026 filing.

What did Cannell Capital LLC sell last quarter?

In Q2 2026, Cannell Capital LLC sold all of Turning Pt Brands Inc (TPB), sold all of Calavo Growers Inc (CVGW), sold all of Gpgi Inc (CMPO), sold all of Cavco Inds Inc Del (CVCO), sold all of Primeenergy Resources Corp (PNRG), American Pub Ed Inc (APEI) (-89.6% shares), Eton Pharmaceuticals Inc (ETON) (-50.1% shares) and Npk International Inc (NPKI) (-45.0% shares), compared with its Q1 2026 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 Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

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 $143.2M.