Cannell Capital LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 18, 2026), Cannell Capital LLC reported 34 stock positions worth $143.2 million. Its top holding was Ategrity Specialty (ASIC) at 8.2% of the portfolio, followed by SNDL (SNDL, 8.1%) and North American Construction (NOA, 7.3%). Compared with Q1 2026, it opened 7 new positions, sold out of 8, added to 13 and reduced 11. The biggest buy was a new position in Vitesse Energy (VTS) and the biggest sale an exit from Turning Point Brands (TPB).
- Most Recent 13F
- Q2 2026
- Location
- ALTA, WY
- CIK
- 0001058854
- Portfolio Value
- $143.2M (Q2 2026)
- SEC Filing
- 0001420506-26-001852 ↗ filed Aug 18, 2026
Holdings Value
Holdings 34 stocks · $143.2M
| ASIC Ategrity Specialty Holdings | 8.23% | 490,482 | $11.8M | Add +0.8% |
| SNDL SNDL Inc. | 8.14% | 8,639,381 | $11.7M | Reduce -1.4% |
| NOA North American Construction | 7.28% | 783,691 | $10.4M | Reduce -18.6% |
| CHEGG INC (CHGG 0 09/01/26) | 5.37% | 8,126,000 | $7.7M | Add +17.5% |
| LIFE Ethos Technologies Inc. Class-A | 5.17% | 408,496 | $7.4M | Reduce -9.7% |
| MDXG Mimedx Group Inc. | 5.03% | 1,870,436 | $7.2M | Add +24.9% |
| OWLT Owlet Inc. | 4.95% | 1,234,053 | $7.1M | Add +23.6% |
| GBLI Global Indemnity Group LLC-A | 4.51% | 257,875 | $6.5M | Add +0.2% |
| OSUR Orasure Technologies Inc. | 4.44% | 1,427,419 | $6.4M | Reduce -28.8% |
| GOLD Gold.com Inc. | 4.44% | 152,691 | $6.4M | Add +1.8% |
| ETON Eton Pharmaceuticals Inc. | 4.32% | 170,747 | $6.2M | Reduce -50.1% |
| NPKI NPK International Inc. | 4.00% | 359,882 | $5.7M | Reduce -45.0% |
| VTS Vitesse Energy Inc. | 3.98% | 361,693 | $5.7M | New |
| NGS Natural Gas Services Group | 3.69% | 122,387 | $5.3M | Reduce -36.1% |
| VRCA Verrica Pharmaceuticals Inc. | 3.35% | 783,923 | $4.8M | Add +14.4% |
| SHIM Shimmick Corp. | 3.06% | 957,605 | $4.4M | New |
| SJT San Juan Basin Royalty TR | 2.72% | 1,212,760 | $3.9M | Add +33.4% |
| PCYO Pure Cycle Corp. | 2.35% | 314,640 | $3.4M | New |
| BBW Build-A-Bear Workshop Inc. | 2.20% | 103,088 | $3.2M | Reduce -3.7% |
| LEE Lee Enterprises | 2.15% | 344,349 | $3.1M | Reduce -20.5% |
| ROOT Root Inc./Oh Class A | 2.04% | 52,331 | $2.9M | No change |
| HIPO Hippo Holdings Inc. | 1.91% | 96,642 | $2.7M | No change |
| ARX Accelerant Holdings Class A | 1.40% | 171,080 | $2.0M | Add +9.6% |
| NTIP Network-1 Technologies Inc. | 1.31% | 1,275,213 | $1.9M | Add +11.7% |
| DGICA Donegal Group Inc. Class A | 1.09% | 82,939 | $1.6M | No change |
| KVHI KVH Industries Inc. | 0.80% | 114,934 | $1.1M | New |
| CHGG Chegg Inc. | 0.61% | 863,268 | $872K | Add +111.0% |
| POWW Outdoor Holding Co. | 0.54% | 336,524 | $767K | Add +852.9% |
| APEI American Public Education | 0.27% | 7,107 | $382K | Reduce -89.6% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 0.19% | 23,039 | $272K | Reduce -16.2% |
| SFIX Stitch Fix Inc. Class A | 0.16% | 54,527 | $224K | Add +2.4% |
| LINC Lincoln Educational Services | 0.14% | 4,056 | $202K | New |
| COMP Compass Inc. Class A | 0.10% | 12,057 | $149K | New |
| CRON Cronos Group Inc. | 0.08% | 43,726 | $122K | New |
Options reported separately and not counted above: RXT puts ($5.7M), IWM puts ($210K).
Portfolio Sells Q1 2026 → Q2 2026
| TPB Turning Point Brands Inc. | Sold out | 0.00% | −4.04 |
| CVGW Calavo Growers Inc. | Sold out | 0.00% | −3.34 |
| GPGI Gpgi Inc. | Sold out | 0.00% | −2.64 |
| APEI American Public Education | Reduce -89.6% | 0.27% | −2.26 |
| NPKI NPK International Inc. | Reduce -45.0% | 4.00% | −2.16 |
| CVCO Cavco Industries Inc. | Sold out | 0.00% | −1.81 |
| PNRG Primeenergy Resources Corp. | Sold out | 0.00% | −1.46 |
| ETON Eton Pharmaceuticals Inc. | Reduce -50.1% | 4.32% | −1.16 |
| NOA North American Construction | Reduce -18.6% | 7.28% | −1.15 |
| OPRT Oportun Financial Corp. | Sold out | 0.00% | −1.12 |
| NGS Natural Gas Services Group | Reduce -36.1% | 3.69% | −1.01 |
| BBW Build-A-Bear Workshop Inc. | Reduce -3.7% | 2.20% | −0.40 |
| LEE Lee Enterprises | Reduce -20.5% | 2.15% | −0.27 |
| FLOC Flowco Holdings Inc. Class A | Sold out | 0.00% | −0.13 |
| MAMA Mama's Creations Inc. | Sold out | 0.00% | −0.11 |
| REAL The Realreal Inc. | Reduce -16.2% | 0.19% | +0.03 |
| OSUR Orasure Technologies Inc. | Reduce -28.8% | 4.44% | +0.54 |
| SNDL SNDL Inc. | Reduce -1.4% | 8.14% | +0.64 |
| LIFE Ethos Technologies Inc. Class-A | Reduce -9.7% | 5.17% | +1.89 |
Portfolio Buys Q1 2026 → Q2 2026
| VTS Vitesse Energy Inc. | New | 3.98% | +3.98 |
| SHIM Shimmick Corp. | New | 3.06% | +3.06 |
| PCYO Pure Cycle Corp. | New | 2.35% | +2.35 |
| ASIC Ategrity Specialty Holdings | Add +0.8% | 8.23% | +1.99 |
| OWLT Owlet Inc. | Add +23.6% | 4.95% | +1.61 |
| MDXG Mimedx Group Inc. | Add +24.9% | 5.03% | +1.19 |
| CHEGG INC (CHGG 0 09/01/26) | Add +17.5% | 5.37% | +1.08 |
| VRCA Verrica Pharmaceuticals Inc. | Add +14.4% | 3.35% | +1.00 |
| KVHI KVH Industries Inc. | New | 0.80% | +0.80 |
| GOLD Gold.com Inc. | Add +1.8% | 4.44% | +0.53 |
| POWW Outdoor Holding Co. | Add +852.9% | 0.54% | +0.49 |
| CHGG Chegg Inc. | Add +111.0% | 0.61% | +0.41 |
| NTIP Network-1 Technologies Inc. | Add +11.7% | 1.31% | +0.24 |
| LINC Lincoln Educational Services | New | 0.14% | +0.14 |
| COMP Compass Inc. Class A | New | 0.10% | +0.10 |
| CRON Cronos Group Inc. | New | 0.08% | +0.08 |
| ARX Accelerant Holdings Class A | Add +9.6% | 1.40% | +0.05 |
| SFIX Stitch Fix Inc. Class A | Add +2.4% | 0.16% | +0.04 |
| GBLI Global Indemnity Group LLC-A | Add +0.2% | 4.51% | −0.04 |
| SJT San Juan Basin Royalty TR | Add +33.4% | 2.72% | −0.12 |
Options Activity Q1 2026 → Q2 2026
| RXT Rackspace Technology Inc. | put | Add +3151.5% | 869,700 | $5.7M |
| HIPO Hippo Holdings Inc. | call | Sold out | 946 | $2.5Mbefore exit |
| SFIX Stitch Fix Inc. Class A | call | Sold out | 4,483 | $1.5Mbefore exit |
| CHGG Chegg Inc. | call | Sold out | 9,259 | $686Kbefore exit |
| CVNA Carvana Co. | put | Sold out | 545 | $685Kbefore exit |
| IWM iShares Russell 2000 ETF | put | Add +1900.0% | 700 | $210K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 34 | $143.2M | ASIC, SNDL, NOA, CHEGG INC (CHGG 0 09/01/26), LIFE |
| Q1 2026 | 35 | $154.0M | NOA, SNDL, ASIC, NPKI, ETON |
| Q4 2025 | 36 | $156.7M | NOA, SNDL, NPKI, NGS, MDXG |
| Q3 2025 | 55 | $380.9M | SNDL, GPGI, CVCO, NOA, TPB |
| Q2 2025 | 55 | $320.0M | GPGI, NOA, CVCO, SJT, NPKI |
| Q1 2025 | 45 | $295.7M | NOA, CVCO, GPGI, COMP, SJT |
| Q4 2024 | 48 | $485.8M | CVCO, NOA, UTI, MDXG, GPGI |
| Q3 2024Amended | 47 | $455.9M | NOA, GPGI, CVCO, TRUE, PRSU |
| Q2 2024 | 58 | $418.0M | NOA, TRUE, MDXG, UTI, PRSU |
| Q1 2024 | 52 | $445.4M | NOA, TRUE, CVCO, ARLO, PRSU |