13F Insight
DOSSIER · 13F-HR · Q1 2026

CANNELL CAPITAL LLC

$163M in tracked AUM across 41 positions as of Q1 2026.

CC
CIK 0001058854 · last filed Mar 31, 2026
Total AUM
$163M
as of Q1 2026
Holdings
41
—
positions
Whale Score
60
60
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

Cannell Capital LLC’s 13F filing for the period ending September 30, 2025, reveals a portfolio in significant transition, characterized by substantial deleveraging and a reallocation of capital. The total portfolio value contracted sharply by 32.5%, decreasing from $334.27 million to $225.53 million. This reduction was not solely a result of market performance but was driven by aggressive portfolio restructuring, as evidenced by the liquidation of 24 positions. The fund n...

Key Holdings

The portfolio is top-heavy, with the largest positions commanding significant weight. The top holding, SNDL Inc., represents 10.64% of the portfolio ($23.99M). This indicates a strong conviction in the cannabis or ancillary services sector, despite the volatility often associated with it. The second and third largest holdings, Composecure Inc. (CMPO) and Turning Point Brands Inc. (TPB), further illustrate the fund's value-oriented or special situations focus. CMPO, a financial services entity, accounts for 9.28%, while TPB, a consumer defensive stock, comprises 7.89%.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
NOA
NORTH AMERN CONSTR GROUP LTD
$13M963K8.0%02
SNDL
SNDL INC
$12M8.8M7.1%03
ASIC
ATEGRITY SPECIALTY IN CO HO
$10M487K5.9%04
NPKI
NPK INTERNATIONAL INC
$9M655K5.8%05
ETON
ETON PHARMACEUTICALS INC
$8M342K5.2%06
NGS
NATURAL GAS SVCS GROUP INC
$7M192K4.4%07
GBLI
GLOBAL INDEMNITY GROUP LLC
$7M257K4.3%08
CHGG 0 09/01/26
CHEGG INC
$7M6.9M4.1%09
TPB
TURNING PT BRANDS INC
$6M72K3.8%10
GOLD
GOLD COM INC
$6M150K3.7%

Filing history

2026Q1Mar 31
$163M▼ 21.1%
41 positionsView →2025Q4Dec 31
$206M▼ 8.5%
51 positionsView →2025Q3Sep 30
$226M▼ 32.5%
32 positionsView →2025Q2Jun 30
$334M▲ 11.2%
58 positionsLocked2025Q1Mar 31
$301M▼ 38.3%
51 positionsLocked2024Q4Dec 31
$487M▲ 0.1%
52 positionsLocked2024Q3Sep 30
$487M▲ 10.2%
49 positionsLocked2024Q2Jun 30
$442M▼ 5.1%
60 positionsLocked2024Q1Mar 31
$466M▲ 1.0%
55 positionsLocked2023Q4Dec 31
$461M▼ 84.7%
57 positionsLocked2023Q3Sep 30
$3.0B▲ 499.9%
48 positionsLocked2023Q2Jun 30
$501M▼ 3.1%
66 positionsLocked
Showing 12 of 57