Cannell & Spears LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Cannell & Spears LLC reported 409 stock positions worth $5.3 billion. Its top holding was Microsoft (MSFT) at 6.8% of the portfolio, followed by Alphabet Class C (GOOG, 5.0%) and Apple (AAPL, 3.8%). Compared with Q3 2025, it opened 33 new positions, sold out of 24, added to 90 and reduced 175. The biggest buy was Alphabet Class C (GOOG, shares +7%) and the biggest sale Oracle (ORCL, shares −15%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001426319
- Portfolio Value
- $5.3B (Q4 2025)
- SEC Filing
- 0001420506-26-000457 ↗ filed Feb 17, 2026
Holdings Value
Holdings 409 stocks · $5.3B
| MSFT Microsoft Corp. | 6.80% | 747,186 | $361.4M | Add +0.6% |
| GOOG Alphabet Inc. Class C | 5.04% | 853,106 | $267.7M | Add +7.3% |
| AAPL Apple Inc. | 3.80% | 743,848 | $202.2M | Reduce -2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.21% | 339,478 | $170.6M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 3.01% | 692,468 | $159.8M | Add +6.5% |
| CB Chubb Ltd. | 2.59% | 441,151 | $137.7M | Add +46.7% |
| GOOGL Alphabet Inc. Class A | 2.30% | 390,918 | $122.4M | Reduce -3.4% |
| BN Brookfield Corp. | 2.30% | 2,659,766 | $122.1M | Reduce -1.7% |
| MRP Millrose Properties | 2.04% | 3,628,052 | $108.4M | Add +38.0% |
| VRT Vertiv Holdings Co. Class A | 1.82% | 597,964 | $96.9M | Reduce -4.5% |
| ADI Analog Devices Inc. | 1.77% | 347,313 | $94.2M | Add +0.3% |
| CRH CRH PLC | 1.65% | 704,545 | $87.9M | Add +3.6% |
| ORCL Oracle Corp. | 1.64% | 448,286 | $87.4M | Reduce -14.5% |
| AEM Agnico Eagle Mines Ltd. | 1.62% | 509,073 | $86.3M | Reduce -9.1% |
| UNP Union Pacific Corp. | 1.54% | 353,746 | $81.8M | Add +225.1% |
| GIL Gildan Activewear Inc. | 1.39% | 1,185,929 | $74.1M | Reduce -6.2% |
| BEEX The Beehive ETF | 1.37% | 2,827,842 | $73.0M | Add +1.8% |
| AVGO Broadcom Inc. | 1.34% | 205,469 | $71.1M | Add +33.6% |
| NVDA Nvidia Corp. | 1.34% | 380,596 | $71.0M | Reduce -5.8% |
| ABT Abbott Laboratories | 1.33% | 564,206 | $70.7M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 1.32% | 217,953 | $70.2M | Reduce -8.8% |
| REGN Regeneron Pharmaceuticals | 1.30% | 89,395 | $69.0M | Add +197.2% |
| ABBV Abbvie Inc. | 1.16% | 269,632 | $61.6M | Reduce -5.4% |
| B Barrick Mining Corp. | 1.14% | 1,396,930 | $60.8M | Reduce -24.7% |
| DHR Danaher Corp. | 1.10% | 256,078 | $58.6M | Add +5.9% |
| WTM White Mountains Insurance GP | 1.10% | 28,115 | $58.4M | Reduce -0.6% |
| FTAI Ftai Aviation Ltd. | 1.06% | 286,065 | $56.3M | Add +573.4% |
| PWR Quanta Services Inc. | 0.98% | 123,712 | $52.2M | Reduce -1.2% |
| TMO Thermo Fisher Scientific Inc. | 0.97% | 89,130 | $51.6M | Add +0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.93% | 322,811 | $49.6M | Reduce -2.0% |
| ICE Intercontinental Exchange Inc. | 0.89% | 291,263 | $47.2M | Add +6.2% |
| FIS Fidelity National Info Serv | 0.84% | 674,622 | $44.8M | Reduce -0.6% |
| COST Costco Wholesale Corp. | 0.84% | 51,501 | $44.4M | Reduce -1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.79% | 370,546 | $42.2M | Reduce -0.0% |
| LH Labcorp Holdings Inc. | 0.75% | 158,562 | $39.8M | Reduce -0.6% |
| AON Aon PLC Class A | 0.74% | 110,849 | $39.1M | Add +2.5% |
| PLD Prologis Inc. | 0.71% | 295,016 | $37.7M | Reduce -7.3% |
| JNJ Johnson & Johnson | 0.71% | 181,713 | $37.6M | Reduce -0.4% |
| FNV Franco-Nevada Corp. | 0.69% | 176,862 | $36.7M | Reduce -0.3% |
| MRK Merck & Co. Inc. | 0.69% | 345,940 | $36.4M | Add +0.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.68% | 312,009 | $36.2M | Reduce -3.0% |
| MLM Martin Marietta Materials | 0.62% | 52,708 | $32.8M | Add +293.8% |
| FDX FedEx Corp. | 0.62% | 113,474 | $32.8M | Reduce -0.5% |
| CVX Chevron Corp. | 0.61% | 213,926 | $32.6M | Add +5.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.60% | 42 | $31.7M | Reduce -4.5% |
| MDLZ Mondelez International Inc. Class A | 0.59% | 583,485 | $31.4M | Reduce -6.9% |
| LOW Lowe's Cos Inc. | 0.58% | 127,443 | $30.7M | Reduce -0.7% |
| HD Home Depot Inc. | 0.58% | 88,946 | $30.6M | Reduce -0.0% |
| SHAK Shake Shack Inc. Class A | 0.54% | 355,248 | $28.8M | New |
| ILMN Illumina Inc. | 0.54% | 218,158 | $28.6M | Reduce -8.8% |
| LMT Lockheed Martin Corp. | 0.53% | 57,857 | $28.0M | Reduce -1.1% |
| XYL Xylem Inc. | 0.49% | 189,980 | $25.9M | Reduce -12.8% |
| AGI Alamos Gold Inc. Class A | 0.48% | 659,791 | $25.5M | Reduce -48.3% |
| NVT Nvent Electric PLC | 0.48% | 248,969 | $25.4M | Reduce -2.0% |
| CL Colgate-Palmolive Co. | 0.47% | 316,738 | $25.0M | Reduce -0.4% |
| RTX RTX Corp. | 0.46% | 132,266 | $24.3M | Reduce -0.2% |
| FCNCA First Citizens Bcshs Class A | 0.46% | 11,286 | $24.2M | Reduce -24.9% |
| HON Honeywell International Inc. | 0.44% | 118,839 | $23.2M | Add +8.4% |
| LEN Lennar Corp. Class A | 0.43% | 222,232 | $22.8M | Reduce -1.3% |
| CMCSA Comcast Corp. Class A | 0.43% | 764,305 | $22.8M | Reduce -11.3% |
| CCK Crown Holdings Inc. | 0.42% | 215,186 | $22.2M | Reduce -0.5% |
| CEF Sprott Physical Gold and Sil | 0.42% | 483,025 | $22.1M | No change |
| ADP Automatic Data Processing | 0.41% | 84,644 | $21.8M | Reduce -0.6% |
| BEPC Brookfield Renewable Corp. | 0.41% | 562,179 | $21.6M | Reduce -15.8% |
| KO The Coca-Cola Co. | 0.40% | 304,017 | $21.3M | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 0.39% | 173,635 | $20.9M | Reduce -0.7% |
| ITW Illinois Tool Works | 0.39% | 83,477 | $20.6M | Reduce -0.4% |
| NOW ServiceNow Inc. | 0.39% | 133,760 | $20.5M | Reduce -9.2% |
| QSR Restaurant Brands Intern | 0.38% | 298,769 | $20.4M | Reduce -0.7% |
| EQT Eqt Corp. | 0.38% | 378,968 | $20.3M | Reduce -29.7% |
| PHYS Sprott Physical Gold Trust | 0.38% | 614,790 | $20.3M | No change |
| HCA HCA Healthcare Inc. | 0.38% | 42,738 | $20.0M | Reduce -3.0% |
| TTWO Take-Two Interactive Softwre | 0.37% | 76,898 | $19.7M | Reduce -0.9% |
| APD Air Products & Chemicals Inc. | 0.37% | 79,670 | $19.7M | Reduce -8.8% |
| SYY Sysco Corp. | 0.37% | 265,545 | $19.6M | Add +0.6% |
| AMCR Amcor PLC | 0.36% | 2,280,229 | $19.0M | Reduce -19.9% |
| PEP Pepsico Inc. | 0.35% | 130,418 | $18.7M | Reduce -2.2% |
| CSTM Constellium SE | 0.34% | 967,047 | $18.2M | Reduce -37.9% |
| NEM Newmont Corp. | 0.34% | 180,113 | $18.0M | Add +27.3% |
| PKG Packaging Corp. of America | 0.33% | 85,986 | $17.7M | Reduce -57.6% |
| CHKP Check Point Software Tech | 0.32% | 90,684 | $16.8M | Reduce -15.8% |
| TXN Texas Instruments Inc. | 0.30% | 93,345 | $16.2M | New |
| AXSM Axsome Therapeutics Inc. | 0.29% | 84,154 | $15.4M | Add +0.0% |
| ELF Elf Beauty Inc. | 0.28% | 195,316 | $14.9M | New |
| RGLD Royal Gold Inc. | 0.27% | 65,469 | $14.6M | Add +3803.9% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 251,530 | $13.6M | Reduce -0.6% |
| FNF Fidelity National Financial | 0.25% | 243,788 | $13.3M | Reduce -23.4% |
| VOO Vanguard S&P 500 ETF | 0.24% | 20,418 | $12.8M | Reduce -1.9% |
| UBER Uber Technologies Inc. | 0.23% | 151,045 | $12.3M | Reduce -75.0% |
| AFL Aflac Inc. | 0.22% | 104,692 | $11.5M | Reduce -1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 16,925 | $11.5M | Reduce -2.5% |
| CAT Caterpillar Inc. | 0.20% | 18,857 | $10.8M | Add +0.0% |
| PG The Procter & Gamble Co. | 0.19% | 72,164 | $10.3M | Reduce -0.1% |
| NYT New York Times Co. Class A | 0.19% | 147,898 | $10.3M | Reduce -1.0% |
| IWB iShares Russell 1000 ETF | 0.19% | 27,200 | $10.2M | No change |
| GM General Motors Co. | 0.18% | 120,940 | $9.8M | Reduce -26.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.18% | 33,088 | $9.8M | Add +0.0% |
| PSLV Sprott Physical Silver Trust | 0.18% | 405,400 | $9.6M | Add +3.0% |
| APTV Aptiv PLC | 0.18% | 125,583 | $9.6M | Reduce -0.5% |
| INTC Intel Corp. | 0.18% | 258,185 | $9.5M | Reduce -65.4% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $29.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | 26,115,000 | $29.2M | New |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | 247,647 | $242K | New |
Total filed on the 13F, all lines: $5.3B.
Portfolio Sells Q3 2025 → Q4 2025
| ORCL Oracle Corp. | Reduce -14.5% | 1.64% | −1.14 |
| AMRZ Amrize Ltd. | Reduce -97.1% | 0.03% | −0.97 |
| UBER Uber Technologies Inc. | Reduce -75.0% | 0.23% | −0.89 |
| META Meta Platforms Inc. Class A | Reduce -84.3% | 0.14% | −0.82 |
| PBI Pitney Bowes Inc. | Sold out | 0.00% | −0.72 |
| TOL Toll Brothers Inc. | Reduce -82.9% | 0.11% | −0.57 |
| PKG Packaging Corp. of America | Reduce -57.6% | 0.33% | −0.50 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.47 |
| AGI Alamos Gold Inc. Class A | Reduce -48.3% | 0.48% | −0.36 |
| INTC Intel Corp. | Reduce -65.4% | 0.18% | −0.29 |
| URBN Urban Outfitters Inc. | Reduce -85.0% | 0.05% | −0.28 |
| SAND Sandstorm Gold Ltd. | Sold out | 0.00% | −0.24 |
| SKT Tanger Inc. | Reduce -95.2% | 0.01% | −0.23 |
| TMHC Taylor Morrison Home Corp. | Sold out | 0.00% | −0.20 |
| SN Sharkninja Inc. | Reduce -64.4% | 0.11% | −0.17 |
| EQT Eqt Corp. | Reduce -29.7% | 0.38% | −0.17 |
| AEM Agnico Eagle Mines Ltd. | Reduce -9.1% | 1.62% | −0.16 |
| MDLZ Mondelez International Inc. Class A | Reduce -6.9% | 0.59% | −0.15 |
| NOW ServiceNow Inc. | Reduce -9.2% | 0.39% | −0.13 |
| COUR Coursera Inc. | Sold out | 0.00% | −0.12 |
| XYL Xylem Inc. | Reduce -12.8% | 0.49% | −0.12 |
| LH Labcorp Holdings Inc. | Reduce -0.6% | 0.75% | −0.12 |
| FNF Fidelity National Financial | Reduce -23.4% | 0.25% | −0.11 |
| AL Sumisho Air Lease Corp. | Reduce -44.1% | 0.14% | −0.11 |
| LEN Lennar Corp. Class A | Reduce -1.3% | 0.43% | −0.11 |
| HD Home Depot Inc. | Reduce -0.0% | 0.58% | −0.10 |
| CHKP Check Point Software Tech | Reduce -15.8% | 0.32% | −0.10 |
| AMR Alpha Metallurgical Resource | Sold out | 0.00% | −0.10 |
| JPM JPMorgan Chase & Co. | Reduce -8.8% | 1.32% | −0.10 |
| CSTM Constellium SE | Reduce -37.9% | 0.34% | −0.09 |
| NVDA Nvidia Corp. | Reduce -5.8% | 1.34% | −0.09 |
| ABBV Abbvie Inc. | Reduce -5.4% | 1.16% | −0.09 |
| FTV Fortive Corp. | Reduce -82.5% | 0.02% | −0.09 |
| CAKE The Cheesecake Factory Inc. | Sold out | 0.00% | −0.08 |
| AMCR Amcor PLC | Reduce -19.9% | 0.36% | −0.08 |
| CMCSA Comcast Corp. Class A | Reduce -11.3% | 0.43% | −0.08 |
| APD Air Products & Chemicals Inc. | Reduce -8.8% | 0.37% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -1.6% | 0.84% | −0.08 |
| GE General Electric | Reduce -31.1% | 0.16% | −0.07 |
| ADBE Adobe Inc. | Reduce -51.6% | 0.06% | −0.07 |
| ADP Automatic Data Processing | Reduce -0.6% | 0.41% | −0.06 |
| FNV Franco-Nevada Corp. | Reduce -0.3% | 0.69% | −0.06 |
| NAIL Dire Dail HB & SB 3X ETF-Usd | Reduce -38.1% | 0.04% | −0.06 |
| KN Knowles Corp. | Reduce -39.6% | 0.07% | −0.05 |
| FCNCA First Citizens Bcshs Class A | Reduce -24.9% | 0.46% | −0.05 |
| SBCF Seacoast Banking Corp. | Reduce -50.0% | 0.05% | −0.05 |
| BN Brookfield Corp. | Reduce -1.7% | 2.30% | −0.04 |
| HAS Hasbro Inc. | Reduce -33.2% | 0.08% | −0.03 |
| LOW Lowe's Cos Inc. | Reduce -0.7% | 0.58% | −0.03 |
| SSNC Ss&c Technologies Holdings | Reduce -26.5% | 0.08% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| GOOG Alphabet Inc. Class C | Add +7.3% | 5.04% | +1.38 |
| UNP Union Pacific Corp. | Add +225.1% | 1.54% | +1.05 |
| CB Chubb Ltd. | Add +46.7% | 2.59% | +0.99 |
| REGN Regeneron Pharmaceuticals | Add +197.2% | 1.30% | +0.98 |
| FTAI Ftai Aviation Ltd. | Add +573.4% | 1.06% | +0.93 |
| SHAK Shake Shack Inc. Class A | New | 0.54% | +0.54 |
| MLM Martin Marietta Materials | Add +293.8% | 0.62% | +0.46 |
| AVGO Broadcom Inc. | Add +33.6% | 1.34% | +0.38 |
| MRP Millrose Properties | Add +38.0% | 2.04% | +0.37 |
| AMZN Amazon.com Inc. | Add +6.5% | 3.01% | +0.31 |
| TXN Texas Instruments Inc. | New | 0.30% | +0.30 |
| ELF Elf Beauty Inc. | New | 0.28% | +0.28 |
| RGLD Royal Gold Inc. | Add +3803.9% | 0.27% | +0.27 |
| DHR Danaher Corp. | Add +5.9% | 1.10% | +0.20 |
| ADI Analog Devices Inc. | Add +0.3% | 1.77% | +0.17 |
| TMO Thermo Fisher Scientific Inc. | Add +0.0% | 0.97% | +0.16 |
| MRK Merck & Co. Inc. | Add +0.2% | 0.69% | +0.14 |
| CRH CRH PLC | Add +3.6% | 1.65% | +0.12 |
| NEM Newmont Corp. | Add +27.3% | 0.34% | +0.11 |
| ENS Enersys | New | 0.10% | +0.10 |
| AXSM Axsome Therapeutics Inc. | Add +0.0% | 0.29% | +0.10 |
| TXT Textron Inc. | New | 0.07% | +0.07 |
| LRN Stride Inc. | New | 0.07% | +0.07 |
| PSLV Sprott Physical Silver Trust | Add +3.0% | 0.18% | +0.06 |
| CPT Camden Property Trust | New | 0.06% | +0.06 |
| LEA Lear Corp. | New | 0.05% | +0.05 |
| AAMI Acadian Asset Management Inc. | New | 0.05% | +0.05 |
| VMI Valmont Industries | New | 0.05% | +0.05 |
| EQX Equinox Gold Corp. | New | 0.05% | +0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +182.4% | 0.05% | +0.03 |
| CAT Caterpillar Inc. | Add +0.0% | 0.20% | +0.03 |
| RKT Rocket Cos Inc. Class A | New | 0.03% | +0.03 |
| BEEX The Beehive ETF | Add +1.8% | 1.37% | +0.03 |
| ET Energy Transfer LP | Add +76.6% | 0.08% | +0.03 |
| ELE Elemental Royalty Corp. | New | 0.03% | +0.03 |
| CRUS Cirrus Logic Inc. | New | 0.02% | +0.02 |
| CVX Chevron Corp. | Add +5.9% | 0.61% | +0.02 |
| POWI Power Integrations Inc. | New | 0.02% | +0.02 |
| NN Nextnav Inc. | Add +78.2% | 0.04% | +0.02 |
| NKE Nike Inc. Class B | Add +72.2% | 0.05% | +0.02 |
| ICE Intercontinental Exchange Inc. | Add +6.2% | 0.89% | +0.02 |
| CART Maplebear Inc. | New | 0.02% | +0.02 |
| VGT Vanguard Info Tech ETF | Add +33.3% | 0.05% | +0.01 |
| COF Capital One Financial Corp. | Add +0.8% | 0.10% | +0.01 |
| AMGN Amgen Inc. | Add +3.8% | 0.07% | +0.01 |
| MKL Markel Group Inc. | Add +2.9% | 0.09% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | New | 0.01% | +0.01 |
| WAT Waters Corp. | Add +3.3% | 0.05% | +0.01 |
| AUGO Aura Minerals Inc. | New | 0.01% | +0.01 |
| FTRE Fortrea Holdings Inc. | New | 0.01% | +0.01 |
Notes & Other Activity Q3 2025 → Q4 2025
| RIVIAN AUTO INC (RIVN 3.625 10/15/30) | NOTE 3.625%10/1 · principal | New | 26,115,000 | $29.2M |
| TMSWW Live Oak Acquisition Co.-CW29 | *W EXP 99/99/999 | New | 247,647 | $242K |
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 | 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 |