SEC 13F Intelligence

Managers / Q1 2026

CANNELL CAPITAL LLC

CIK 0001058854 · 245 MERIWETHER CIRCLE, ALTA, WY, 83414 · 4158358300

Reported Value
$163M
Q1 2026
Positions
41
Filings on Record
32
2019–present window
Filed
May 15, 2026
original filing

Summary

Cannell Capital LLC reported $163M in U.S.-listed holdings across 41 positions for Q1 2026.

Its largest position, NOA, represents 8.0% of the portfolio.

Compared with Q4 2025, the fund opened 12 new positions and exited 24.

Portfolio Metrics

Turnover
+25.8%
vs prior filed quarter
Top-10 Concentration
+52.3%
share of reported value
Largest Position
+8.0%
North Amern Constr
New / Exited
12 / 24
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $358MQ4 ’18Q1 ’19: $411MQ2 ’19: $353MQ3 ’19: $308MQ4 ’19: $308MQ4 ’19Q1 ’20: $240MQ2 ’20: $267MQ3 ’20: $273MQ4 ’20: $351MQ4 ’20Q1 ’21: $447MQ2 ’21: $623MQ3 ’21: $607MQ4 ’21: $630MQ4 ’21Q1 ’22: $662MQ2 ’22: $498MQ3 ’22: $437MQ4 ’22: $496MQ4 ’22Q1 ’23: $517MQ2 ’23: $501MQ3 ’23: $430MQ4 ’23: $461MQ4 ’23Q1 ’24: $466MQ2 ’24: $442MQ3 ’24: $487MQ4 ’24: $487MQ4 ’24Q1 ’25: $301MQ2 ’25: $334MQ3 ’25: $656MQ4 ’25: $206MQ4 ’25Q1 ’26: $163Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 88.3%Other: 4.4%US DOMESTIC: 4.1%Royalty Trst: 2.7%ETP: 0.5%
  • Common Stock · 88.3% · $144M
  • Other · 4.4% · $7M
  • US DOMESTIC · 4.1% · $7M
  • Royalty Trst · 2.7% · $4M
  • ETP · 0.5% · $868,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LIFEETHOS TECHNOLOGIES INCNEW+452.3K452.3K+$5M$5M
HIPOHIPPO HLDGS INCNEW+97.6K97.6K+$5M$5M
VRCAVERRICA PHARMACEUTICALS INCNEW+685.1K685.1K+$4M$4M
RXTRACKSPACE TECHNOLOGY INCNEW+26.7K26.7K+$3M$3M
ROOTROOT INCNEW+52.3K52.3K+$2M$2M
ACCELERANT HOLDINGSNEW+156.1K156.1K+$2M$2M
OPRTOPORTUN FINL CORPNEW+372.7K372.7K+$2M$2M
CHGGCHEGG INCNEW+418.5K418.5K+$989,737$989,737

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NOANORTH AMERN CONSTR GROUP LTDhistory →COM7.97%$13M962.7K
2SNDLSNDL INChistory →COM7.10%$12M8.76M
3ASICATEGRITY SPECIALTY IN CO HOhistory →COM5.91%$10M486.5K
4NPKINPK INTERNATIONAL INChistory →COM SHS5.83%$9M654.7K
5ETONETON PHARMACEUTICALS INChistory →COM5.18%$8M342.0K
6NGSNATURAL GAS SVCS GROUP INChistory →COM4.44%$7M191.7K
7GBLIGLOBAL INDEMNITY GROUP LLChistory →COM CL A4.30%$7M257.4K
8CHGGCHEGG INCNOTE 9/0 · COM4.24%$7M7.32M
9TPBTURNING PT BRANDS INChistory →COM3.82%$6M71.7K
10GOLDGOLD COM INChistory →COM3.69%$6M150.1K
11EP3ORASURE TECHNOLOGIES INChistory →COM3.69%$6M2.00M
12MDXGMIMEDX GROUP INChistory →COM3.63%$6M1.50M
13CALAVO GROWERS INCCOM3.16%$5M199.8K
14OWLTOWLET INChistory →CL A NEW3.15%$5M998.2K
15LIFEETHOS TECHNOLOGIES INChistory →CL A3.10%$5M452.3K
16SJTSAN JUAN BASIN RTY TRhistory →UNIT BEN INT2.69%$4M909.5K
17GPGIGPGI INChistory →COM CL A2.50%$4M238.2K
18BBWBUILD-A-BEAR WORKSHOP INChistory →COM2.46%$4M107.0K
1951AAMERICAN PUB ED INChistory →COM2.39%$4M68.3K
20LEELEE ENTERPRISES INChistory →COM2.29%$4M433.3K
21VRCAVERRICA PHARMACEUTICALS INChistory →COM SHS2.23%$4M685.1K
22CVCOCAVCO INDS INC DELhistory →COM1.71%$3M5.8K
23HIPOHIPPO HLDGS INChistory →COM NEW1.55%$3M96.6K
24ROOTROOT INChistory →CL A NEW1.42%$2M52.3K
25PNRGPRIMEENERGY RESOURCES CORPhistory →COM1.38%$2M9.7K
26ACCELERANT HOLDINGSCL A1.28%$2M156.1K
27OPRTOPORTUN FINL CORPhistory →COM1.06%$2M372.7K
28NTIPNETWORK-1 TECHNOLOGIES INChistory →COM1.01%$2M1.14M
29DGICADONEGAL GROUP INCCL A0.87%$1M82.9K
30REALTHE REALREAL INCCOM0.15%$249,73627.5K
31FLOCFLOWCO HLDGS INCCOM CL A0.13%$206,00010.0K
32SFIXSTITCH FIX INCCOM CL A0.11%$176,31753.3K
33MAMAMAMAS CREATIONS INCCOM0.10%$165,65710.8K
34POWWOUTDOOR HOLDING COCOM0.04%$70,98335.3K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$163M41May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$206M51Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$656M58Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$334M58Aug 15, 202513F-HRchanges · EDGAR ↗
Q1 2025$301M51May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$487M52Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$487M49Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$442M60Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$466M55May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$461M57Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$430M52Nov 22, 2023RESTATEMENTchanges · EDGAR ↗
Q2 2023$501M66Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$517M90May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$496M89Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$437M89Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$498M90Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$662M72May 17, 202213F-HRchanges · EDGAR ↗
Q4 2021$630M70Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$607M67Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$623M71Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$447M69May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$351M58Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$273M47Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$267M51Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$240M48May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$308M39Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$308M46Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$353M49Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$411M50May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$358M60Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.