Archon Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Archon Capital Management LLC reported 44 stock positions worth $177.0 million. Its top holding was Bandwidth Class A (BAND) at 5.9% of the portfolio, followed by Apyx Medical (APYX, 5.8%) and Savers Value Village (SVV, 5.5%). Compared with Q4 2025, it opened 12 new positions, sold out of 16, added to 18 and reduced 9. The biggest buy was a new position in Satellogic Class A (SATL) and the biggest sale an exit from Babcock & Wilcox Enterpr (BW).
- Most Recent 13F
- Q2 2026
- Location
- Seattle, WA
- CIK
- 0001398825
- Portfolio Value
- $177.0M (Q1 2026)
- SEC Filing
- 0000919574-26-003175 ↗ filed May 15, 2026
Holdings Value
Holdings 44 stocks · $177.0M
| BAND Bandwidth Inc. Class A | 5.87% | 583,122 | $10.4M | Add +30.5% |
| APYX Apyx Medical Corp. | 5.82% | 2,790,923 | $10.3M | Reduce -13.1% |
| SVV Savers Value Village Inc. | 5.45% | 1,297,183 | $9.7M | Add +3.3% |
| BRZE Braze Inc. Class A | 5.37% | 402,747 | $9.5M | Add +79.4% |
| OMDA Omada Health Inc. | 5.15% | 725,120 | $9.1M | Add +6.9% |
| SATL Satellogic Inc. Class A | 5.06% | 1,647,687 | $9.0M | New |
| TDC Teradata Corp. | 5.01% | 346,232 | $8.9M | Add +10.5% |
| TENB Tenable Holdings Inc. | 4.96% | 519,002 | $8.8M | New |
| SFIX Stitch Fix Inc. Class A | 4.67% | 2,498,925 | $8.3M | Add +70.3% |
| OII Oceaneering Intl Inc. | 4.17% | 208,000 | $7.4M | New |
| MRCY Mercury Systems Inc. | 3.95% | 95,814 | $7.0M | Add +28.4% |
| MITK Mitek Systems Inc. | 2.98% | 390,785 | $5.3M | Add +103.9% |
| MPTI M-Tron Industries Inc. | 2.95% | 78,233 | $5.2M | Reduce -33.8% |
| LYTS Lsi Industries Inc. | 2.77% | 263,480 | $4.9M | Add +34.1% |
| TH Target Hospitality Corp. | 2.30% | 437,885 | $4.1M | New |
| TDUP Thredup Inc. Class A | 2.29% | 1,238,125 | $4.1M | Add +256.6% |
| MTLS Materialise NV-ADR | 2.07% | 742,722 | $3.7M | Add +13.5% |
| ESTC Elastic NV | 2.03% | 72,000 | $3.6M | Reduce -11.1% |
| ORN Orion Group Holdings Inc. | 1.96% | 318,980 | $3.5M | Add +16.7% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 1.69% | 329,075 | $3.0M | Reduce -32.0% |
| VPG Vishay Precision Group | 1.64% | 66,928 | $2.9M | New |
| KOPN Kopin Corp. | 1.63% | 1,279,737 | $2.9M | Add +20.8% |
| KRMD Koru Medical Systems Inc. | 1.57% | 642,923 | $2.8M | Add +0.8% |
| PRLB Proto Labs Inc. | 1.56% | 48,500 | $2.8M | New |
| CYRX Cryoport Inc. | 1.52% | 325,268 | $2.7M | No change |
| OPXS Optex Systems Holdings Inc. | 1.46% | 195,586 | $2.6M | Add +11.1% |
| CGNT Cognyte Software Ltd. | 1.41% | 309,171 | $2.5M | Add +48.4% |
| SPWH Sportsman's Warehouse Holdin | 1.33% | 1,668,905 | $2.4M | No change |
| STXS Stereotaxis Inc. | 1.27% | 1,226,044 | $2.3M | No change |
| OSUR Orasure Technologies Inc. | 1.27% | 747,909 | $2.2M | Add +30.4% |
| SOPH Sophia Genetics SA | 1.23% | 441,413 | $2.2M | No change |
| WDAY Workday Inc. Class A | 1.17% | 16,000 | $2.1M | New |
| IGV iShares Expanded Tech-Softwa | 1.13% | 25,000 | $2.0M | New |
| CXM Sprinklr Inc. Class A | 0.93% | 275,272 | $1.7M | Reduce -34.5% |
| LOCO El Pollo Loco Holdings Inc. | 0.90% | 114,502 | $1.6M | Reduce -36.2% |
| CODA Coda Octopus Group Inc. | 0.89% | 140,000 | $1.6M | Reduce -6.7% |
| ZM Zoom Communications Inc. | 0.77% | 17,000 | $1.4M | New |
| DDD 3D Systems Corp. filed as 3D SYS CORP DEL | 0.58% | 546,221 | $1.0M | Reduce -44.0% |
| POCI Precision Optics Corp. Inc. | 0.39% | 156,805 | $688K | New |
| VTSI Virtra Inc. | 0.26% | 123,265 | $457K | New |
| SNBRQ Sleep Number Corp. | 0.23% | 225,600 | $405K | New |
| TWIN Twin Disc Inc. | 0.16% | 18,929 | $285K | No change |
| LSF Laird Superfood Inc. | 0.11% | 90,654 | $195K | Add +0.3% |
| OWLT Owlet Inc. | 0.05% | 18,146 | $93K | Reduce -68.9% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $164K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| M-TRON INDUSTRIES INC | RIGHT 04/15/2026 | 78,233 | $164K | Reduce -33.8% |
Total filed on the 13F, all lines: $177.2M.
Portfolio Sells Q4 2025 → Q1 2026
| BW Babcock & Wilcox Enterpr | Sold out | 0.00% | −4.78 |
| EZPW Ezcorp Inc. Class A | Sold out | 0.00% | −4.06 |
| OLPX Olaplex Holdings Inc. | Sold out | 0.00% | −3.41 |
| HCSG Healthcare Services Group | Sold out | 0.00% | −2.71 |
| REAL The Realreal Inc. | Reduce -32.0% | 1.69% | −2.66 |
| ESTC Elastic NV | Reduce -11.1% | 2.03% | −1.44 |
| OSS One Stop Systems Inc. | Sold out | 0.00% | −1.34 |
| CLB Core Laboratories Inc. | Sold out | 0.00% | −1.07 |
| BYRN Byrna Technologies Inc. | Sold out | 0.00% | −0.94 |
| CXM Sprinklr Inc. Class A | Reduce -34.5% | 0.93% | −0.93 |
| OSPN Onespan Inc. | Sold out | 0.00% | −0.87 |
| TWLO Twilio Inc. Class A | Sold out | 0.00% | −0.79 |
| MPTI M-Tron Industries Inc. | Reduce -33.8% | 2.95% | −0.63 |
| APYX Apyx Medical Corp. | Reduce -13.1% | 5.82% | −0.58 |
| OWLT Owlet Inc. | Reduce -68.9% | 0.05% | −0.49 |
| FSLY Fastly Inc. Class A | Sold out | 0.00% | −0.41 |
| DIBS 1STDIBS.COM Inc. | Sold out | 0.00% | −0.41 |
| DDD 3D Systems Corp. | Reduce -44.0% | 0.58% | −0.40 |
| DHX Dhi Group Inc. | Sold out | 0.00% | −0.31 |
| LPTH Lightpath Technologies Inc. Class A | Sold out | 0.00% | −0.29 |
| PRCT Procept Biorobotics Corp. | Sold out | 0.00% | −0.18 |
| LOCO El Pollo Loco Holdings Inc. | Reduce -36.2% | 0.90% | −0.17 |
| PL Planet Labs PBC | Sold out | 0.00% | −0.15 |
| SSTI Soundthinking Inc. | Sold out | 0.00% | −0.14 |
| CODA Coda Octopus Group Inc. | Reduce -6.7% | 0.89% | +0.10 |
Portfolio Buys Q4 2025 → Q1 2026
| SATL Satellogic Inc. Class A | New | 5.06% | +5.06 |
| TENB Tenable Holdings Inc. | New | 4.96% | +4.96 |
| OII Oceaneering Intl Inc. | New | 4.17% | +4.17 |
| TH Target Hospitality Corp. | New | 2.30% | +2.30 |
| BAND Bandwidth Inc. Class A | Add +30.5% | 5.87% | +1.94 |
| MITK Mitek Systems Inc. | Add +103.9% | 2.98% | +1.83 |
| VPG Vishay Precision Group | New | 1.64% | +1.64 |
| PRLB Proto Labs Inc. | New | 1.56% | +1.56 |
| WDAY Workday Inc. Class A | New | 1.17% | +1.17 |
| IGV iShares Expanded Tech-Softwa | New | 1.13% | +1.13 |
| TDUP Thredup Inc. Class A | Add +256.6% | 2.29% | +1.03 |
| BRZE Braze Inc. Class A | Add +79.4% | 5.37% | +0.99 |
| MRCY Mercury Systems Inc. | Add +28.4% | 3.95% | +0.85 |
| ZM Zoom Communications Inc. | New | 0.77% | +0.77 |
| LYTS Lsi Industries Inc. | Add +34.1% | 2.77% | +0.72 |
| OSUR Orasure Technologies Inc. | Add +30.4% | 1.27% | +0.48 |
| ORN Orion Group Holdings Inc. | Add +16.7% | 1.96% | +0.42 |
| POCI Precision Optics Corp. Inc. | New | 0.39% | +0.39 |
| CGNT Cognyte Software Ltd. | Add +48.4% | 1.41% | +0.30 |
| SFIX Stitch Fix Inc. Class A | Add +70.3% | 4.67% | +0.29 |
| VTSI Virtra Inc. | New | 0.26% | +0.26 |
| SNBRQ Sleep Number Corp. | New | 0.23% | +0.23 |
| KOPN Kopin Corp. | Add +20.8% | 1.63% | +0.22 |
| OPXS Optex Systems Holdings Inc. | Add +11.1% | 1.46% | +0.04 |
| MTLS Materialise NV-ADR | Add +13.5% | 2.07% | +0.01 |
| LSF Laird Superfood Inc. | Add +0.3% | 0.11% | −0.00 |
| TDC Teradata Corp. | Add +10.5% | 5.01% | −0.41 |
| KRMD Koru Medical Systems Inc. | Add +0.8% | 1.57% | −0.54 |
| OMDA Omada Health Inc. | Add +6.9% | 5.15% | −0.94 |
| SVV Savers Value Village Inc. | Add +3.3% | 5.45% | −1.22 |
Notes & Other Activity Q4 2025 → Q1 2026
| M-TRON INDUSTRIES INC | RIGHT 04/15/2026 | Reduce -33.8% | 78,233 | $164K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $246.3M | BAND, OMDA, TDC, SVV, SFIX |
| Q1 2026 | 44 | $177.0M | BAND, APYX, SVV, BRZE, OMDA |
| Q4 2025 | 48 | $175.8M | SVV, APYX, OMDA, TDC, BW |
| Q3 2025 | 46 | $167.9M | SVV, EZPW, REAL, BRZE, PL |
| Q2 2025 | 48 | $122.0M | SVV, APYX, PBPB, ORN, EZPW |
| Q1 2025 | 45 | $94.9M | SVV, PBPB, ZM, APYX, FARO |
| Q4 2024 | 36 | $83.1M | SN, EZPW, LPTH, APYX, PBPB |
| Q3 2024 | 21 | $53.3M | EZPW, KTOS, PBPB, APYX, TWLO |
| Q2 2024 | 22 | $86.0M | EZPW, RRGB, FOCL, ASUR, KTOS |
| Q1 2024 | 30 | $211.8M | EZPW, ARAY, PCRX, RRGB, ZM |