CANNELL CAPITAL LLC — 13F Holdings & Portfolio
CIK 1058854 · latest 13F-HR filed 2026-08-18
CANNELL CAPITAL LLC manages $149.1M in 13F-reported U.S. long-equity assets across 36 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are ASIC (7.91%), SNDL (7.82%), NOA (6.99%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 7 new positions and exited 8; 16 existing positions rose in reported value and 9 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$149.1M
Long-equity book
Holdings
36
Distinct positions
Period
2026-06-30
Filed 2026-08-18
Q/Q Activity
+7 / −8 / ↑16 / ↓9
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26ASIC8.2% · +1%SNDL8.1% · -1%NOA7.3% · -19%CHGG6.0% · +23%LIFE5.2% · -10%MDXG5.0% · +25%OWLT4.9% · +24%GBLI4.5% · +0%OSUR4.4% · -29%GOLD4.4% · +2%ETON4.3% · -50%NPKI4.0% · -45%VTS4.0% · newNGS3.7% · -36%VRCA3.3% · +14%SHIM3.1% · newSJT2.7% · +33%PCYO2.4% · newBBW2.2% · -4%LEE2.2% · -20%ROOT2.0% · 0%HIPO1.9% · 0%ARX1.4% · +10%NTIP1.3% · +12%DGICA1.1% · 0%KVHI0.8% · newPOWW0.5% · +853%APEI0.3% · -90%REAL0.2% · -16%SFIX0.2% · +2%LINC0.1% · newCOMP0.1% · newCRON0.1% · new
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 58.2%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 11, 2023.
Assets Under Management
$3.63B
Discretionary
$3.63B
Employees
23
Accounts
1,565
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| MACCALLUM, IAN, BARRIE Control | PARTNER since Jan 2014 | Less than 5% | Individual |
| MAZZULLO, DAVID, JONATHAN Control | PARTNER since Mar 2019 | Less than 5% | Individual |
| PBC ACQUISITION CORP., INC. Control | OWNER since Mar 2019 | 75% or more | Domestic Entity |
| WERNER, JOSEPH, BLAIR Control | PARTNER since Mar 1991 | Less than 5% | Individual |
| EISING, ROBERT, CHARLES | PARTNER since Jan 2014 | Less than 5% | Individual |
| GILES, EDWARD, MORGAN | SENIOR VICE PRESIDENT since Jul 2011 | Less than 5% | Individual |
| GILES, WALTER, KENNETH | SENIOR VICE PRESIDENT since Jun 2020 | Less than 5% | Individual |
| GOLDBERG, GLENN, MICHAEL | CHIEF COMPLIANCE OFFICER since Jan 2022 | Less than 5% | Individual |
| HERRMAN II, WILLIAM, HENRY | PARTNER since Aug 2018 | Less than 5% | Individual |
| KOGAN, PATRICIA, ANN | PARTNER since Jan 2016 | Less than 5% | Individual |
| LYNN, JENNIFER, BUCHMAN | PARTNER since Oct 2014 | Less than 5% | Individual |
| SALOMON, ANNA | TREASURER since Aug 2015 | Less than 5% | Individual |
| SHAPIRO, ROBERT, FRANK | SENIOR VICE PRESIDENT since Jan 2014 | Less than 5% | Individual |
| THOW, RONALD, CHARLES | PARTNER since Jan 2014 | Less than 5% | Individual |
| WARTMAN, PAUL, ANDREW | PARTNER since Jan 1995 | Less than 5% | Individual |
Ownership & leadership changes · 15 filings with changes since Feb 2, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 21, 2022 filing
- ChangedEISING, ROBERT, CHARLES · title SENIOR VICE PRESIDENT → PARTNER
- ChangedHERRMAN II, WILLIAM, HENRY · title SENIOR VICE PRESIDENT → PARTNER
- ChangedKOGAN, PATRICIA, ANN · title SENIOR VICE PRESIDENT OF OPERATIONS → PARTNER
- ChangedLYNN, JENNIFER, BUCHMAN · title EXECUTIVE VICE PRESIDENT → PARTNER
- ChangedMACCALLUM, IAN, BARRIE · title EXECUTIVE VICE PRESIDENT → PARTNER
- ChangedMAZZULLO, DAVID, JONATHAN · title PRESIDENT → PARTNER
- ChangedTHOW, RONALD, CHARLES · title SENIOR VICE PRESIDENT → PARTNER
- ChangedWARTMAN, PAUL, ANDREW · title SENIOR VICE PRESIDENT OF RESEARCH → PARTNER
- ChangedWERNER, JOSEPH, BLAIR · title CHAIRMAN AND CEO → PARTNER
Jan 7, 2022 filing
- No longer listedMUROFF, NEAL, DAVID · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Oct 2012
- AddedGOLDBERG, GLENN, MICHAEL · CHIEF COMPLIANCE OFFICER · Less than 5%
Mar 30, 2021 filing
- No longer listedHERRMAN, WILLIAM, HENRY · SENIOR VICE PRESIDENT · Less than 5% · listed since Feb 1999
Jun 29, 2020 filing
- AddedGILES, WALTER, KENNETH · SENIOR VICE PRESIDENT · Less than 5%
Apr 26, 2019 filing
- No longer listedCANGEMI, THOMAS, ROBERT · DIRECTOR · Less than 5% · listed since Jul 1999
- No longer listedDAHYA, HANIF, MOHAMED · DIRECTOR · Less than 5% · listed since Apr 2014
- No longer listedFICALORA, JOSEPH, R. · DIRECTOR · Less than 5% · listed since Jan 2002
- No longer listedMANZULLI, MICHAEL, FRANK · DIRECTOR · Less than 5% · listed since Jul 1999
- No longer listedNEW YORK COMMUNITY BANCORP, INC. · SHAREHOLDER · 75% or more · indirect via NEW YORK COMMUNITY BANK · control person · listed since Jul 1993
- No longer listedNEW YORK COMMUNITY BANK · SHAREHOLDER · 75% or more · indirect via RICHMOND ENTERPRISES INC. · control person · listed since Jul 2001
- No longer listedRICHMOND ENTERPRISES INC. · OWNER · 75% or more · control person · listed since Dec 2001
- AddedPBC ACQUISITION CORP., INC. · OWNER · 75% or more · control person
- AddedWARTMAN, PAUL, ANDREW · SENIOR VICE PRESIDENT OF RESEARCH · Less than 5%
- ChangedLYNN, JENNIFER, BUCHMAN · title EXECUTIVE VICE PRESIDENT; DIRECTOR → EXECUTIVE VICE PRESIDENT
- ChangedMACCALLUM, IAN, BARRIE · now a control person
- ChangedMAZZULLO, DAVID, JONATHAN · title CHIEF OPERATING OFFICER → PRESIDENT; now a control person
- ChangedWERNER, JOSEPH, BLAIR · title CHAIRMAN, PRESIDENT AND CEO; DIRECTOR → CHAIRMAN AND CEO
Mar 25, 2019 filing
- No longer listedFURTH, JOHN · VICE CHAIRMAN; DIRECTOR · Less than 5% · listed since Jan 2014
Aug 30, 2018 filing
- No longer listedWERNER, JASON · VICE PRESIDENT, PORTFOLIO MANAGER · Less than 5% · listed since Mar 2018
- AddedHERRMAN II, WILLIAM, HENRY · SENIOR VICE PRESIDENT · Less than 5%
Mar 29, 2018 filing
- AddedMAZZULLO, DAVID, JONATHAN · CHIEF OPERATING OFFICER · Less than 5%
- AddedWERNER, JASON · VICE PRESIDENT, PORTFOLIO MANAGER · Less than 5%
Mar 30, 2017 filing
- AddedKOGAN, PATRICIA, ANN · SENIOR VICE PRESIDENT OF OPERATIONS · Less than 5%
- ChangedFURTH, JOHN · title VICE CHAIRMAN → VICE CHAIRMAN; DIRECTOR
- ChangedWERNER, JOSEPH, BLAIR · title CHAIRMAN, PRESIDENT AND CEO → CHAIRMAN, PRESIDENT AND CEO; DIRECTOR
Aug 19, 2015 filing
- No longer listedDENEAU, IZABELLA · TREASURER · Less than 5% · listed since Oct 2013
- AddedSALOMON, ANNA · TREASURER · Less than 5%
Older changes (6 more filings)
Nov 6, 2014 filing
- No longer listedBUCHMAN, JOYCE · EXECUTIVE VICE PRESIDENT; DIRECTOR · Less than 5% · control person · listed since Mar 1986
- No longer listedVOUTSINAS, SPIROS · DIRECTOR · Less than 5% · listed since Jan 2007
- AddedDAHYA, HANIF, MOHAMED · DIRECTOR · Less than 5%
- ChangedLYNN, JENNIFER, BUCHMAN · title SENIOR VICE PRESIDENT; ASSISTANT SECRETARY → EXECUTIVE VICE PRESIDENT; DIRECTOR
Jan 13, 2014 filing
- AddedEISING, ROBERT, CHARLES · SENIOR VICE PRESIDENT · Less than 5%
- AddedFURTH, JOHN · VICE CHAIRMAN · Less than 5%
- AddedMACCALLUM, IAN, BARRIE · EXECUTIVE VICE PRESIDENT · Less than 5%
- AddedSHAPIRO, ROBERT, FRANK · SENIOR VICE PRESIDENT · Less than 5%
- AddedTHOW, RONALD, CHARLES · SENIOR VICE PRESIDENT · Less than 5%
Oct 31, 2013 filing
- AddedDENEAU, IZABELLA · TREASURER · Less than 5%
Apr 23, 2013 filing
- No longer listedMITTELMAN, PAUL · TREASURER AND SECRETARY · Less than 5% · control person · listed since Apr 2004
Nov 19, 2012 filing
- AddedMUROFF, NEAL, DAVID · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedLYNN, JENNIFER, BUCHMAN · title SENIOR VICE PRESIDENT; ASSISTANT SECRETARY; INTERIM CCO → SENIOR VICE PRESIDENT; ASSISTANT SECRETARY
Feb 2, 2012 filing (earliest on record)
- ListedBUCHMAN, JOYCE · EXECUTIVE VICE PRESIDENT; DIRECTOR · Less than 5% · control person
- ListedCANGEMI, THOMAS, ROBERT · DIRECTOR · Less than 5%
- ListedFICALORA, JOSEPH, R. · DIRECTOR · Less than 5%
- ListedGILES, EDWARD, MORGAN · SENIOR VICE PRESIDENT · Less than 5%
- ListedHERRMAN, WILLIAM, HENRY · SENIOR VICE PRESIDENT · Less than 5%
- ListedLYNN, JENNIFER, BUCHMAN · SENIOR VICE PRESIDENT; ASSISTANT SECRETARY; INTERIM CCO · Less than 5%
- ListedMANZULLI, MICHAEL, FRANK · DIRECTOR · Less than 5%
- ListedMITTELMAN, PAUL · TREASURER AND SECRETARY · Less than 5% · control person
- ListedNEW YORK COMMUNITY BANCORP, INC. · SHAREHOLDER · 75% or more · indirect via NEW YORK COMMUNITY BANK · control person
- ListedNEW YORK COMMUNITY BANK · SHAREHOLDER · 75% or more · indirect via RICHMOND ENTERPRISES INC. · control person
- ListedRICHMOND ENTERPRISES INC. · OWNER · 75% or more · control person
- ListedVOUTSINAS, SPIROS · DIRECTOR · Less than 5%
- ListedWERNER, JOSEPH, BLAIR · CHAIRMAN, PRESIDENT AND CEO · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ETHOS TECHNOLOGIES INC$2.4M +46.7%
- ATEGRITY SPECIALTY IN CO HO$2.2M +22.6%
- OWLET INC$2.0M +38.1%
- MIMEDX GROUP INC$1.3M +21.8%
- VERRICA PHARMACEUTICALS INC$1.2M +32.4%
Top Trims
- NPK INTERNATIONAL INC-$3.8M -39.6%
- AMERICAN PUB ED INC-$3.5M -90.2%
- NORTH AMERN CONSTR GROUP LTD-$2.6M -19.7%
- ETON PHARMACEUTICALS INC-$2.3M -26.8%
- NATURAL GAS SVCS GROUP INC-$2.0M -27.0%
New Positions
- VITESSE ENERGY INC$5.7M
- SHIMMICK CORPORATION$4.4M
- PURE CYCLE CORP$3.4M
- KVH INDS INC$1.1M
- LINCOLN EDL SVCS CORP$202.4K
Exited Positions
- TURNING PT BRANDS INC$6.2M
- CALAVO GROWERS INC$5.2M
- GPGI INC$4.1M
- CAVCO INDS INC DEL$2.8M
- PRIMEENERGY RESOURCES CORP$2.3M
CANNELL CAPITAL LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ATEGRITY SPECIALTY IN CO HO | ASIC | 04681Y103 | $11.8M | 7.91% | 490,482 | SH |
| 2 | SNDL INC | SNDL | 83307B101 | $11.7M | 7.82% | 8,639,381 | SH |
| 3 | NORTH AMERN CONSTR GROUP LTD | NOA | 656811106 | $10.4M | 6.99% | 783,691 | SH |
| 4 | CHEGG INC | CHGG | 163092AF6 | $7.7M | 5.16% | 8,126,000 | SH |
| 5 | ETHOS TECHNOLOGIES INC | LIFE | 29765A101 | $7.4M | 4.97% | 408,496 | SH |
| 6 | MIMEDX GROUP INC | MDXG | 602496101 | $7.2M | 4.83% | 1,870,436 | SH |
| 7 | OWLET INC | OWLT | 69120X206 | $7.1M | 4.75% | 1,234,053 | SH |
| 8 | GLOBAL INDEMNITY GROUP LLC | GBLI | 37959R103 | $6.5M | 4.33% | 257,875 | SH |
| 9 | ORASURE TECHNOLOGIES INC | OSUR | 68554V108 | $6.4M | 4.27% | 1,427,419 | SH |
| 10 | GOLD COM INC | GOLD | 00181T107 | $6.4M | 4.26% | 152,691 | SH |
| 11 | ETON PHARMACEUTICALS INC | ETON | 29772L108 | $6.2M | 4.14% | 170,747 | SH |
| 12 | NPK INTERNATIONAL INC | NPKI | 651718504 | $5.7M | 3.84% | 359,882 | SH |
| 13 | VITESSE ENERGY INC | VTS | 92852X103 | $5.7M | 3.82% | 361,693 | SH |
| 14 | RACKSPACE TECHNOLOGY INC Put | RXT | 750102105 | $5.7M | 3.81% | 869,700 | SH |
| 15 | NATURAL GAS SVCS GROUP INC | NGS | 63886Q109 | $5.3M | 3.54% | 122,387 | SH |
| 16 | VERRICA PHARMACEUTICALS INC | VRCA | 92511W207 | $4.8M | 3.22% | 783,923 | SH |
| 17 | SHIMMICK CORPORATION | SHIM | 82455M109 | $4.4M | 2.93% | 957,605 | SH |
| 18 | SAN JUAN BASIN RTY TR | SJT | 798241105 | $3.9M | 2.61% | 1,212,760 | SH |
| 19 | PURE CYCLE CORP | PCYO | 746228303 | $3.4M | 2.26% | 314,640 | SH |
| 20 | BUILD-A-BEAR WORKSHOP INC | BBW | 120076104 | $3.2M | 2.12% | 103,088 | SH |
| 21 | LEE ENTERPRISES INC | LEE | 523768406 | $3.1M | 2.07% | 344,349 | SH |
| 22 | ROOT INC | ROOT | 77664L207 | $2.9M | 1.96% | 52,331 | SH |
| 23 | HIPPO HLDGS INC | HIPO | 433539202 | $2.7M | 1.83% | 96,642 | SH |
| 24 | ACCELERANT HOLDINGS | ARX | G00894108 | $2.0M | 1.34% | 171,080 | SH |
| 25 | NETWORK-1 TECHNOLOGIES INC | NTIP | 64121N109 | $1.9M | 1.26% | 1,275,213 | SH |
| 26 | DONEGAL GROUP INC | DGICA | 257701201 | $1.6M | 1.05% | 82,939 | SH |
| 27 | KVH INDS INC | KVHI | 482738101 | $1.1M | 0.76% | 114,934 | SH |
| 28 | CHEGG INC | CHGG | 163092109 | $871.9K | 0.58% | 863,268 | SH |
| 29 | OUTDOOR HOLDING CO | POWW | 00175J107 | $767.3K | 0.51% | 336,524 | SH |
| 30 | AMERICAN PUB ED INC | APEI | 02913V103 | $381.6K | 0.26% | 7,107 | SH |
| 31 | THE REALREAL INC | REAL | 88339P101 | $271.6K | 0.18% | 23,039 | SH |
| 32 | STITCH FIX INC | SFIX | 860897107 | $224.1K | 0.15% | 54,527 | SH |
| 33 | ISHARES TR Put | IWM | 464287655 | $210.3K | 0.14% | 700 | SH |
| 34 | LINCOLN EDL SVCS CORP | LINC | 533535100 | $202.4K | 0.14% | 4,056 | SH |
| 35 | COMPASS INC | COMP | 20464U100 | $148.7K | 0.10% | 12,057 | SH |
| 36 | CRONOS GROUP INC | CRON | 22717L101 | $121.6K | 0.08% | 43,726 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-18 | $149.1M | 36 | 0001420506-26-001852 |
| 2026-03-31 | 2026-05-15 | $162.9M | 41 | 0001420506-26-001100 |
| 2025-12-31 | 2026-02-17 | $206.3M | 51 | 0001420506-26-000561 |
| 2025-09-30 | 2025-11-14 | $656.1M | 58 | 0001420506-25-003414 |
Filer Information
Address
245 MERIWETHER CIRCLEALTA, WY 83414
Phone
(415) 835-8300
Filing Manager
CANNELL CAPITAL LLC
ALTA, WY
Signatory
Stephen C. Wagstaff
CCO/CFO