Cannell Capital LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Cannell Capital LLC reported 52 stock positions worth $445.4 million. Its top holding was North American Construction (NOA) at 8.4% of the portfolio, followed by Truecar (TRUE, 6.5%) and Cavco Industries (CVCO, 5.7%). Compared with Q4 2023, it opened 10 new positions, sold out of 12, added to 16 and reduced 15. The biggest buy was Universal Technical Institut (UTI, shares +3147%) and the biggest sale Orasure Technologies (OSUR, shares −46%).

Most Recent 13F
Q2 2026
Location
ALTA, WY
CIK
0001058854
Portfolio Value
$445.4M (Q1 2024)
SEC Filing
0001941040-24-000259 ↗ filed May 15, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $445.4M $445.4M Q1 2024 Q2 2024: $418.0M Q2 2024 Q3 2024: $455.9M Q3 2024 Q4 2024: $485.8M Q4 2024 Q1 2025: $295.7M Q1 2025 Q2 2025: $320.0M Q2 2025 Q3 2025: $380.9M Q3 2025 Q4 2025: $156.7M Q4 2025 Q1 2026: $154.0M Q1 2026 Q2 2026: $143.2M Q2 2026

Holdings 52 stocks · $445.4M
NOA North American Construction 8.37% 1,673,082 $37.3M Add +13.1%
TRUE Truecar Inc. 6.51% 8,558,751 $29.0M Add +5.0%
CVCO Cavco Industries Inc. 5.74% 64,017 $25.5M Add +23.2%
ARLO Arlo Technologies Inc. 5.62% 1,979,218 $25.0M Reduce -20.2%
PRSU Pursuit Attractions and Hosp filed as VIAD CORP 5.14% 579,245 $22.9M Add +0.1%
MDXG Mimedx Group Inc. 4.21% 2,433,494 $18.7M Reduce -1.9%
UTI Universal Technical Institut 4.20% 1,173,546 $18.7M Add +3147.0%
TIPT Tiptree Inc. 3.95% 1,019,223 $17.6M Add +37.3%
INSE Inspired Entertainment Inc. 3.85% 1,737,428 $17.1M Add +11.0%
LPRO Open Lending Corp. 3.51% 2,498,809 $15.6M Reduce -5.6%
LINC Lincoln Educational Services 3.35% 1,444,044 $14.9M Add +30.4%
CLH Clean Harbors Inc. 3.04% 67,315 $13.6M Add +274.4%
Z Zillow Group Inc. Class C 2.93% 267,945 $13.1M Add +156.7%
GPGI Gpgi Inc. filed as COMPOSECURE INC 2.90% 1,788,455 $12.9M Add +6.5%
BBW Build-A-Bear Workshop Inc. 2.88% 430,097 $12.8M Reduce -48.5%
LDI Loandepot Inc. Class A 2.87% 4,933,755 $12.8M Add +13.9%
EEX Emerald Holding Inc. 2.70% 1,767,243 $12.0M Add +48.1%
SWKH SWK Holdings Corp. filed as SWK HLDGS CORP 2.67% 681,842 $11.9M Reduce -17.2%
OSUR Orasure Technologies Inc. 2.66% 1,926,018 $11.8M Reduce -45.7%
STIM Neuronetics Inc. 2.63% 2,463,256 $11.7M Reduce -11.1%
SPWH Sportsman's Warehouse Holdin 2.60% 3,722,422 $11.6M No change
ZILLOW GROUP INC (Z 2.75 05/15/25) 1.85% 7,800,000 $8.2M No change
COMP Compass Inc. Class A 1.81% 2,236,913 $8.1M New
NXDR Nextdoor Holdings Inc. 1.42% 2,802,195 $6.3M New
SNDL SNDL Inc. 1.31% 2,911,184 $5.8M New
COMPOSECURE HOLDINGS LLC 1.25% 5,626,000 $5.6M New
LAZYDAYS HLDGS INC 1.16% 1,277,671 $5.1M Reduce -3.5%
TTSH Tile Shop Hldgs Inc. 1.06% 674,325 $4.7M Reduce -69.0%
SHCR Sharecare Inc. 0.97% 5,604,205 $4.3M New
LEE Lee Enterprises 0.95% 316,333 $4.2M Reduce -46.1%
GBLI Global Indemnity Group LLC-A 0.87% 126,631 $3.9M Add +14.6%
ALTISOURCE PORTFOLIO SOLNS S 0.70% 1,603,235 $3.1M Add +30.0%
FTHM Fathom Holdings Inc. 0.62% 1,382,216 $2.8M Reduce -15.9%
MNTX Manitex International Inc. 0.57% 368,400 $2.5M Reduce -15.9%
GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC 0.50% 72,041 $2.2M Reduce -6.6%
VIAOY Via Optronics Holding AG 0.41% 2,314,575 $1.8M Add +184.2%
NBIS Nebius Group NV filed as YANDEX N V 0.33% 341,104 $1.5M No change
NTIP Network-1 Technologies Inc. 0.25% 534,909 $1.1M No change
PPIH Perma-Pipe International Hol 0.24% 136,492 $1.1M No change
DGICA Donegal Group Inc. Class A 0.19% 59,462 $841K No change
WINA Winmark Corp. 0.18% 2,200 $796K No change
PNRG Primeenergy Resources Corp. 0.16% 6,900 $692K No change
NBBK NB Bancorp Inc. 0.16% 50,591 $691K New
TYG Tortoise Energy Infrastruct 0.15% 21,540 $666K No change
XTTPX Tortoise Pipeline & Energy 0.14% 20,390 $645K No change
TACT Transact Technologies Inc. 0.11% 89,370 $468K New
FSFG First Savings Financial Grp 0.08% 20,797 $348K New
MQ Marqeta Inc. 0.08% 58,238 $347K Reduce -40.5%
GRWG Growgeneration Corp. 0.06% 95,756 $274K New
GTX Garrett Motion Inc. 0.06% 25,517 $254K Reduce -41.3%
URGENTLY INC 0.03% 78,632 $148K New
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) 0.03% 140,000 $143K No change

Options reported separately and not counted above: CAVA puts ($17.0M), SOUN puts ($3.1M), SHCR calls ($157K).

Portfolio Sells Q4 2023 → Q1 2024
OSUR Orasure Technologies Inc. Reduce -45.7% 2.66% −3.84
TDW Tidewater Inc. Sold out 0.00% −3.69
TTSH Tile Shop Hldgs Inc. Reduce -69.0% 1.06% −2.51
MIXT Mix Telematics Ltd.-SP ADR Sold out 0.00% −1.72
ROOT Root Inc./Oh Class A Sold out 0.00% −1.68
LPRO Open Lending Corp. Reduce -5.6% 3.51% −1.52
BBW Build-A-Bear Workshop Inc. Reduce -48.5% 2.88% −1.40
PINS Pinterest Inc. Class A Sold out 0.00% −1.13
LAZYDAYS HLDGS INC Reduce -3.5% 1.16% −0.93
FTHM Fathom Holdings Inc. Reduce -15.9% 0.62% −0.70
MDXG Mimedx Group Inc. Reduce -1.9% 4.21% −0.65
CONTEXTLOGIC INC - A Sold out 0.00% −0.62
CHMI Cherry Hill Mortgage Investm Sold out 0.00% −0.56
SWKH SWK Holdings Corp. Reduce -17.2% 2.67% −0.56
RITHM PPTY TR INC Sold out 0.00% −0.38
MNTX Manitex International Inc. Reduce -15.9% 0.57% −0.29
FUBOTV INC (FUBO 3.25 02/15/26) Sold out 0.00% −0.24
AEYE Audioeye Inc. Sold out 0.00% −0.14
LEE Lee Enterprises Reduce -46.1% 0.95% −0.08
NINEQ Nine Energy Service Inc. Sold out 0.00% −0.08
MQ Marqeta Inc. Reduce -40.5% 0.08% −0.07
CVR Chicago Rivet & Machine Co. Sold out 0.00% −0.04
GTX Garrett Motion Inc. Reduce -41.3% 0.06% −0.04
SSKN Strata Skin Sciences Inc. Sold out 0.00% −0.03
GOLD Gold.com Inc. Reduce -6.6% 0.50% −0.02
ARLO Arlo Technologies Inc. Reduce -20.2% 5.62% +0.35
STIM Neuronetics Inc. Reduce -11.1% 2.63% +0.84

Portfolio Buys Q4 2023 → Q1 2024
UTI Universal Technical Institut Add +3147.0% 4.20% +4.10
CLH Clean Harbors Inc. Add +274.4% 3.04% +2.34
COMP Compass Inc. Class A New 1.81% +1.81
CVCO Cavco Industries Inc. Add +23.2% 5.74% +1.71
Z Zillow Group Inc. Class C Add +156.7% 2.93% +1.59
NOA North American Construction Add +13.1% 8.37% +1.48
NXDR Nextdoor Holdings Inc. New 1.42% +1.42
SNDL SNDL Inc. New 1.31% +1.31
COMPOSECURE HOLDINGS LLC New 1.25% +1.25
EEX Emerald Holding Inc. Add +48.1% 2.70% +1.11
SHCR Sharecare Inc. New 0.97% +0.97
GPGI Gpgi Inc. Add +6.5% 2.90% +0.88
LINC Lincoln Educational Services Add +30.4% 3.35% +0.87
TIPT Tiptree Inc. Add +37.3% 3.95% +0.81
PRSU Pursuit Attractions and Hosp Add +0.1% 5.14% +0.46
INSE Inspired Entertainment Inc. Add +11.0% 3.85% +0.39
VIAOY Via Optronics Holding AG Add +184.2% 0.41% +0.27
TRUE Truecar Inc. Add +5.0% 6.51% +0.22
NBBK NB Bancorp Inc. New 0.16% +0.16
TACT Transact Technologies Inc. New 0.11% +0.11
FSFG First Savings Financial Grp New 0.08% +0.08
GBLI Global Indemnity Group LLC-A Add +14.6% 0.87% +0.07
GRWG Growgeneration Corp. New 0.06% +0.06
URGENTLY INC New 0.03% +0.03
ALTISOURCE PORTFOLIO SOLNS S Add +30.0% 0.70% −0.28
LDI Loandepot Inc. Class A Add +13.9% 2.87% −0.54

Options Activity Q4 2023 → Q1 2024
CAVA Cava Group Inc. put Reduce -6.9% 242,500 $17.0M
SOUN Soundhound AI Inc. Class A put New 519,300 $3.1M
PLUG Plug Power Inc. put Sold out 382,700 $1.7Mbefore exit
AMTX Aemetis Inc. put Sold out 100,000 $524Kbefore exit
SHCR Sharecare Inc. call New 204,400 $157K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 34$143.2MASIC, SNDL, NOA, CHEGG INC (CHGG 0 09/01/26), LIFE
Q1 2026 35$154.0MNOA, SNDL, ASIC, NPKI, ETON
Q4 2025 36$156.7MNOA, SNDL, NPKI, NGS, MDXG
Q3 2025 55$380.9MSNDL, GPGI, CVCO, NOA, TPB
Q2 2025 55$320.0MGPGI, NOA, CVCO, SJT, NPKI
Q1 2025 45$295.7MNOA, CVCO, GPGI, COMP, SJT
Q4 2024 48$485.8MCVCO, NOA, UTI, MDXG, GPGI
Q3 2024Amended 47$455.9MNOA, GPGI, CVCO, TRUE, PRSU
Q2 2024 58$418.0MNOA, TRUE, MDXG, UTI, PRSU
Q1 2024 52$445.4MNOA, TRUE, CVCO, ARLO, PRSU