Cannell & Spears LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Cannell & Spears LLC reported 400 stock positions worth $5.3 billion. Its top holding was Microsoft (MSFT) at 7.3% of the portfolio, followed by Apple (AAPL, 3.7%) and Alphabet Class C (GOOG, 3.7%). Compared with Q2 2025, it opened 32 new positions, sold out of 25, added to 127 and reduced 169. The biggest buy was Barrick Mining (B, shares +777%) and the biggest sale an exit from Expand Energy (EXE).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001426319
- Portfolio Value
- $5.3B (Q3 2025)
- SEC Filing
- 0001420506-25-003282 ↗ filed Nov 14, 2025
Holdings Value
Holdings 400 stocks · $5.3B
| MSFT Microsoft Corp. | 7.25% | 742,608 | $384.6M | Reduce -0.8% |
| AAPL Apple Inc. | 3.67% | 764,917 | $194.8M | Reduce -1.7% |
| GOOG Alphabet Inc. Class C | 3.65% | 795,073 | $193.6M | Reduce -6.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.23% | 340,313 | $171.1M | Reduce -0.6% |
| ORCL Oracle Corp. | 2.78% | 524,524 | $147.5M | Reduce -16.7% |
| AMZN Amazon.com Inc. | 2.69% | 650,433 | $142.8M | Add +2.6% |
| BN Brookfield Corp. | 2.33% | 1,803,463 | $123.7M | Reduce -3.3% |
| GOOGL Alphabet Inc. Class A | 1.85% | 404,510 | $98.3M | Reduce -1.0% |
| VRT Vertiv Holdings Co. Class A | 1.78% | 625,999 | $94.4M | Reduce -3.3% |
| AEM Agnico Eagle Mines Ltd. | 1.78% | 559,751 | $94.4M | Add +15.0% |
| MRP Millrose Properties | 1.67% | 2,628,406 | $88.3M | Add +1.0% |
| ADI Analog Devices Inc. | 1.60% | 346,191 | $85.1M | Add +28.1% |
| CB Chubb Ltd. | 1.60% | 300,782 | $84.9M | Reduce -1.1% |
| CRH CRH PLC | 1.54% | 680,082 | $81.5M | Reduce -11.4% |
| NVDA Nvidia Corp. | 1.42% | 403,884 | $75.4M | Add +2.5% |
| JPM JPMorgan Chase & Co. | 1.42% | 238,884 | $75.4M | Reduce -3.0% |
| ABT Abbott Laboratories | 1.42% | 561,928 | $75.3M | Add +8.0% |
| GIL Gildan Activewear Inc. | 1.38% | 1,264,583 | $73.1M | Add +51.9% |
| BEEX The Beehive ETF | 1.34% | 2,779,180 | $71.1M | Add +1.7% |
| ABBV Abbvie Inc. | 1.24% | 285,026 | $66.0M | Reduce -16.3% |
| B Barrick Mining Corp. | 1.15% | 1,856,103 | $60.8M | Add +776.5% |
| UBER Uber Technologies Inc. | 1.12% | 605,268 | $59.3M | Add +64.8% |
| AMRZ Amrize Ltd. | 1.01% | 1,100,083 | $53.4M | New |
| PWR Quanta Services Inc. | 0.98% | 125,185 | $51.9M | Reduce -3.6% |
| META Meta Platforms Inc. Class A | 0.96% | 69,283 | $50.9M | Add +554.1% |
| AVGO Broadcom Inc. | 0.96% | 153,734 | $50.7M | Reduce -41.6% |
| COST Costco Wholesale Corp. | 0.91% | 52,311 | $48.4M | Reduce -10.4% |
| DHR Danaher Corp. | 0.90% | 241,890 | $48.0M | Reduce -42.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.90% | 329,332 | $47.6M | Reduce -1.6% |
| WTM White Mountains Insurance GP | 0.89% | 28,288 | $47.3M | Reduce -0.2% |
| ICE Intercontinental Exchange Inc. | 0.87% | 274,235 | $46.2M | Reduce -0.2% |
| LH Labcorp Holdings Inc. | 0.86% | 159,580 | $45.8M | Reduce -1.8% |
| FIS Fidelity National Info Serv | 0.84% | 678,406 | $44.7M | Reduce -4.0% |
| AGI Alamos Gold Inc. Class A | 0.84% | 1,276,296 | $44.5M | Add +512.4% |
| PKG Packaging Corp. of America | 0.83% | 202,844 | $44.2M | Add +368.9% |
| TMO Thermo Fisher Scientific Inc. | 0.82% | 89,106 | $43.2M | Reduce -2.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.80% | 370,708 | $42.4M | Add +1.0% |
| FNV Franco-Nevada Corp. | 0.75% | 177,356 | $39.5M | Add +6.3% |
| MDLZ Mondelez International Inc. Class A | 0.74% | 626,795 | $39.2M | Add +5.3% |
| AON Aon PLC Class A | 0.73% | 108,113 | $38.6M | Reduce -0.2% |
| PBI Pitney Bowes Inc. | 0.72% | 3,364,466 | $38.4M | Add +89.5% |
| PLD Prologis Inc. | 0.69% | 318,284 | $36.4M | Add +7.4% |
| TOL Toll Brothers Inc. | 0.69% | 263,405 | $36.4M | Reduce -12.7% |
| HD Home Depot Inc. | 0.68% | 88,967 | $36.0M | Reduce -1.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.66% | 321,624 | $35.0M | Reduce -3.0% |
| JNJ Johnson & Johnson | 0.64% | 182,443 | $33.8M | Reduce -2.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.63% | 44 | $33.2M | Reduce -2.2% |
| LOW Lowe's Cos Inc. | 0.61% | 128,330 | $32.3M | Reduce -7.6% |
| XYL Xylem Inc. | 0.61% | 217,833 | $32.1M | Reduce -1.7% |
| CVX Chevron Corp. | 0.59% | 201,996 | $31.4M | Add +13.7% |
| EQT Eqt Corp. | 0.55% | 538,745 | $29.3M | Reduce -50.0% |
| LMT Lockheed Martin Corp. | 0.55% | 58,469 | $29.2M | Reduce -0.1% |
| MRK Merck & Co. Inc. | 0.55% | 345,292 | $29.0M | Add +2.4% |
| LEN Lennar Corp. Class A | 0.54% | 225,184 | $28.4M | Add +17.4% |
| NOW ServiceNow Inc. | 0.51% | 29,464 | $27.1M | Add +8.1% |
| CMCSA Comcast Corp. Class A | 0.51% | 862,015 | $27.1M | Reduce -5.7% |
| FCNCA First Citizens Bcshs Class A | 0.51% | 15,027 | $26.9M | Reduce -28.7% |
| FDX FedEx Corp. | 0.51% | 113,994 | $26.9M | Reduce -0.9% |
| UNP Union Pacific Corp. | 0.49% | 108,819 | $25.7M | Add +108.3% |
| CL Colgate-Palmolive Co. | 0.48% | 318,090 | $25.4M | Reduce -2.3% |
| NVT Nvent Electric PLC | 0.47% | 254,106 | $25.1M | Reduce -1.4% |
| INTC Intel Corp. | 0.47% | 745,721 | $25.0M | Add +165.0% |
| ADP Automatic Data Processing | 0.47% | 85,170 | $25.0M | Reduce -0.1% |
| FISV Fiserv Inc. | 0.47% | 192,142 | $24.8M | Add +2.7% |
| APD Air Products & Chemicals Inc. | 0.45% | 87,364 | $23.8M | Reduce -15.9% |
| AMCR Amcor PLC | 0.44% | 2,846,113 | $23.3M | Add +38.1% |
| CSTM Constellium SE | 0.44% | 1,557,835 | $23.2M | Add +5.3% |
| HON Honeywell International Inc. | 0.44% | 109,646 | $23.1M | Add +3.0% |
| BEPC Brookfield Renewable Corp. | 0.43% | 667,559 | $23.0M | Reduce -2.5% |
| ILMN Illumina Inc. | 0.43% | 239,301 | $22.7M | Reduce -3.7% |
| CHKP Check Point Software Tech | 0.42% | 107,726 | $22.3M | New |
| RTX RTX Corp. | 0.42% | 132,511 | $22.2M | Reduce -2.1% |
| ITW Illinois Tool Works | 0.41% | 83,837 | $21.9M | Add +0.1% |
| SYY Sysco Corp. | 0.41% | 264,063 | $21.7M | Reduce -1.3% |
| CCK Crown Holdings Inc. | 0.39% | 216,164 | $20.9M | Reduce -12.5% |
| KO The Coca-Cola Co. | 0.38% | 305,208 | $20.2M | Reduce -1.4% |
| TTWO Take-Two Interactive Softwre | 0.38% | 77,590 | $20.0M | Reduce -3.1% |
| XOM Exxon Mobil Corp. | 0.37% | 174,849 | $19.7M | Reduce -0.5% |
| QSR Restaurant Brands Intern | 0.36% | 300,993 | $19.3M | Reduce -14.4% |
| FNF Fidelity National Financial | 0.36% | 318,281 | $19.3M | Reduce -63.2% |
| HCA HCA Healthcare Inc. | 0.35% | 44,078 | $18.8M | Reduce -0.9% |
| PEP Pepsico Inc. | 0.35% | 133,409 | $18.7M | Reduce -0.1% |
| PHYS Sprott Physical Gold Trust | 0.34% | 614,790 | $18.2M | No change |
| URBN Urban Outfitters Inc. | 0.34% | 250,697 | $17.9M | Add +318.1% |
| CEF Sprott Physical Gold and Sil | 0.33% | 483,025 | $17.7M | No change |
| REGN Regeneron Pharmaceuticals | 0.32% | 30,079 | $16.9M | Add +13.7% |
| SN Sharkninja Inc. | 0.28% | 145,329 | $15.0M | Reduce -63.8% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.25% | 211,300 | $13.4M | Reduce -42.1% |
| SKT Tanger Inc. | 0.24% | 380,525 | $12.9M | Reduce -9.5% |
| SAND Sandstorm Gold Ltd. | 0.24% | 1,020,996 | $12.8M | Reduce 0.0% |
| VOO Vanguard S&P 500 ETF | 0.24% | 20,808 | $12.7M | Add +10.2% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 41,066 | $12.4M | Reduce -0.2% |
| NEM Newmont Corp. | 0.22% | 141,449 | $11.9M | Add +29.7% |
| AFL Aflac Inc. | 0.22% | 105,992 | $11.8M | Reduce -6.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 17,362 | $11.6M | Add +3.2% |
| BMY Bristol-Myers Squibb Co. | 0.22% | 252,914 | $11.4M | Reduce -6.7% |
| PG The Procter & Gamble Co. | 0.21% | 72,256 | $11.1M | Reduce -3.3% |
| APTV Aptiv PLC | 0.21% | 126,166 | $10.9M | Reduce -7.2% |
| TMHC Taylor Morrison Home Corp. | 0.20% | 158,045 | $10.4M | New |
| AXSM Axsome Therapeutics Inc. | 0.19% | 84,151 | $10.2M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| EXE Expand Energy Corp. | Sold out | 0.00% | −1.35 |
| DHR Danaher Corp. | Reduce -42.4% | 0.90% | −0.77 |
| EQT Eqt Corp. | Reduce -50.0% | 0.55% | −0.71 |
| FTAI Ftai Aviation Ltd. | Reduce -88.0% | 0.13% | −0.69 |
| FUN Six Flags Entertainment Corp. | Reduce -99.0% | 0.00% | −0.68 |
| FNF Fidelity National Financial | Reduce -63.2% | 0.36% | −0.62 |
| SN Sharkninja Inc. | Reduce -63.8% | 0.28% | −0.52 |
| AVGO Broadcom Inc. | Reduce -41.6% | 0.96% | −0.51 |
| ADBE Adobe Inc. | Reduce -73.0% | 0.13% | −0.44 |
| KMX Carmax Inc. | Reduce -85.8% | 0.04% | −0.38 |
| FCNCA First Citizens Bcshs Class A | Reduce -28.7% | 0.51% | −0.33 |
| FIS Fidelity National Info Serv | Reduce -4.0% | 0.84% | −0.32 |
| MSFT Microsoft Corp. | Reduce -0.8% | 7.25% | −0.26 |
| COST Costco Wholesale Corp. | Reduce -10.4% | 0.91% | −0.25 |
| FTV Fortive Corp. | Reduce -61.0% | 0.11% | −0.20 |
| CB Chubb Ltd. | Reduce -1.1% | 1.60% | −0.18 |
| AL Sumisho Air Lease Corp. | Reduce -42.1% | 0.25% | −0.18 |
| CMCSA Comcast Corp. Class A | Reduce -5.7% | 0.51% | −0.15 |
| ICE Intercontinental Exchange Inc. | Reduce -0.2% | 0.87% | −0.15 |
| APD Air Products & Chemicals Inc. | Reduce -15.9% | 0.45% | −0.14 |
| WTM White Mountains Insurance GP | Reduce -0.2% | 0.89% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 3.23% | −0.13 |
| CCK Crown Holdings Inc. | Reduce -12.5% | 0.39% | −0.12 |
| IBM Intl Business Machines Corp. | Reduce -33.3% | 0.18% | −0.12 |
| CL Colgate-Palmolive Co. | Reduce -2.3% | 0.48% | −0.12 |
| ELV Elevance Health Inc. | Reduce -42.2% | 0.09% | −0.11 |
| MAG Mag Silver Corp. | Sold out | 0.00% | −0.11 |
| QSR Restaurant Brands Intern | Reduce -14.4% | 0.36% | −0.11 |
| MLM Martin Marietta Materials | Reduce -41.6% | 0.16% | −0.09 |
| IQV Iqvia Holdings Inc. | Reduce -60.3% | 0.07% | −0.08 |
| GM General Motors Co. | Reduce -39.8% | 0.19% | −0.08 |
| BDX Becton Dickinson and Co. | Reduce -49.6% | 0.08% | −0.07 |
| RGLD Royal Gold Inc. | Reduce -92.2% | 0.01% | −0.07 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.07 |
| RAL Ralliant Corp. | Reduce -65.0% | 0.03% | −0.07 |
| KO The Coca-Cola Co. | Reduce -1.4% | 0.38% | −0.06 |
| ADP Automatic Data Processing | Reduce -0.1% | 0.47% | −0.06 |
| MMM 3M Co. | Reduce -51.1% | 0.05% | −0.06 |
| AON Aon PLC Class A | Reduce -0.2% | 0.73% | −0.05 |
| BAX Baxter International Inc. | Reduce -52.4% | 0.03% | −0.05 |
| ILMN Illumina Inc. | Reduce -3.7% | 0.43% | −0.05 |
| BALL Ball Corp. | Reduce -7.2% | 0.16% | −0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -69.4% | 0.01% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -6.7% | 0.22% | −0.04 |
| CAKE The Cheesecake Factory Inc. | Reduce -14.6% | 0.08% | −0.04 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -2.2% | 0.63% | −0.04 |
| CVCO Cavco Industries Inc. | Reduce -83.6% | 0.01% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -11.8% | 0.14% | −0.03 |
| ABBV Abbvie Inc. | Reduce -16.3% | 1.24% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -3.3% | 0.21% | −0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| B Barrick Mining Corp. | Add +776.5% | 1.15% | +1.06 |
| AMRZ Amrize Ltd. | New | 1.01% | +1.01 |
| META Meta Platforms Inc. Class A | Add +554.1% | 0.96% | +0.80 |
| AGI Alamos Gold Inc. Class A | Add +512.4% | 0.84% | +0.73 |
| PKG Packaging Corp. of America | Add +368.9% | 0.83% | +0.67 |
| AEM Agnico Eagle Mines Ltd. | Add +15.0% | 1.78% | +0.61 |
| GIL Gildan Activewear Inc. | Add +51.9% | 1.38% | +0.55 |
| UBER Uber Technologies Inc. | Add +64.8% | 1.12% | +0.43 |
| CHKP Check Point Software Tech | New | 0.42% | +0.42 |
| INTC Intel Corp. | Add +165.0% | 0.47% | +0.34 |
| PBI Pitney Bowes Inc. | Add +89.5% | 0.72% | +0.33 |
| ADI Analog Devices Inc. | Add +28.1% | 1.60% | +0.30 |
| URBN Urban Outfitters Inc. | Add +318.1% | 0.34% | +0.25 |
| UNP Union Pacific Corp. | Add +108.3% | 0.49% | +0.24 |
| TMHC Taylor Morrison Home Corp. | New | 0.20% | +0.20 |
| FNV Franco-Nevada Corp. | Add +6.3% | 0.75% | +0.19 |
| MRP Millrose Properties | Add +1.0% | 1.67% | +0.17 |
| NVDA Nvidia Corp. | Add +2.5% | 1.42% | +0.16 |
| COUR Coursera Inc. | New | 0.12% | +0.12 |
| HAS Hasbro Inc. | New | 0.12% | +0.12 |
| PAAS Pan American Silver Corp. | New | 0.11% | +0.11 |
| LEN Lennar Corp. Class A | Add +17.4% | 0.54% | +0.11 |
| AMR Alpha Metallurgical Resource | New | 0.10% | +0.10 |
| NEM Newmont Corp. | Add +29.7% | 0.22% | +0.10 |
| NAIL Dire Dail HB & SB 3X ETF-Usd | New | 0.09% | +0.09 |
| CVX Chevron Corp. | Add +13.7% | 0.59% | +0.08 |
| DOV Dover Corp. | Add +104.5% | 0.14% | +0.06 |
| CP Canadian Pacific Kansas City | Add +70.1% | 0.18% | +0.06 |
| PLD Prologis Inc. | Add +7.4% | 0.69% | +0.06 |
| AMCR Amcor PLC | Add +38.1% | 0.44% | +0.06 |
| REPX Riley Exploration Permian Inc. | New | 0.04% | +0.04 |
| CSTM Constellium SE | Add +5.3% | 0.44% | +0.04 |
| REGN Regeneron Pharmaceuticals | Add +13.7% | 0.32% | +0.04 |
| TDY Teledyne Technologies Inc. | Add +38.2% | 0.10% | +0.03 |
| DHI D.R. Horton Inc. | Add +0.4% | 0.16% | +0.03 |
| PSLV Sprott Physical Silver Trust | Add +11.4% | 0.12% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +10.2% | 0.24% | +0.02 |
| DAL Delta Air Lines Inc. | New | 0.02% | +0.02 |
| VGT Vanguard Info Tech ETF | Add +71.8% | 0.04% | +0.02 |
| TXO Txo Partners LP | New | 0.01% | +0.01 |
| GRAB Grab Holdings Ltd. Class A | New | 0.01% | +0.01 |
| BEEX The Beehive ETF | Add +1.7% | 1.34% | +0.01 |
| IDXX Idexx Laboratories Inc. | Add +0.1% | 0.11% | +0.01 |
| EMX Emx Royalty Corp. | New | 0.01% | +0.01 |
| ORC Orchid Island Capital Inc. | New | 0.01% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.2% | 0.22% | +0.01 |
| NOC Northrop Grumman Corp. | Add +79.5% | 0.02% | +0.01 |
| BLK BlackRock Inc. | New | 0.01% | +0.01 |
| SGML Sigma Lithium Corp. | Add +29.3% | 0.02% | +0.01 |
| AMD Advanced Micro Devices | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 440 | $5.6B | GOOG, MSFT, AAPL, BRK.B, AMZN |
| Q1 2026Amended | 415 | $5.1B | MSFT, GOOG, AAPL, BRK.B, AMZN |
| Q4 2025 | 409 | $5.3B | MSFT, GOOG, AAPL, BRK.B, AMZN |
| Q3 2025 | 400 | $5.3B | MSFT, AAPL, GOOG, BRK.B, ORCL |
| Q2 2025 | 393 | $5.0B | MSFT, BRK.B, AAPL, GOOG, AMZN |
| Q1 2025 | 390 | $4.6B | MSFT, BRK.B, AAPL, GOOG, AMZN |
| Q4 2024 | 391 | $4.9B | MSFT, AAPL, GOOG, BRK.B, AMZN |
| Q3 2024 | 401 | $5.1B | MSFT, AAPL, GOOG, BRK.B, AMZN |
| Q2 2024 | 366 | $4.8B | MSFT, GOOG, AAPL, BRK.B, AMZN |
| Q1 2024 | 381 | $4.8B | MSFT, GOOG, BRK.B, AAPL, AMZN |