CANNELL CAPITAL LLC

Registered adviser

CIK

1058854

Location

ALTA, WY

Portfolio Value

Small $141,433,430

Diversification

Diversified

Filing Date

Global Rank

#7,616 / 8,823 ▼ 567

Top Industry

Insurance - Property & Casualty 18.0%

Period ended 4 months ago

Filed Aug 18, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 158371

Roster of Nov 1, 2026

Regulatory AUM

$372,826,733

Main clients

Other (55% of AUM)

Private funds

3 funds · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$244,745,151 gross assets

LEI

254900NF6MUJXT520B98

Private funds on Schedule D 7.B.(1)

As filed May 2, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$566,737,917 gross assets in 4 funds Hedge funds $565,351,935 (3) Venture capital funds $1,385,982 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$372,826,733	Other (55%)
Apr 2025 to Mar 2026	$527,610,283	Pooled investment vehicles (87%)
Apr 2024 to Mar 2025	$851,813,961	Pooled investment vehicles (93%)
Jun 2023 to Mar 2024	$798,823,185	Pooled investment vehicles (88%)
May 2023	$798,823,185	Pooled investment vehicles (88%)
Apr 2023	$798,823,185	Pooled investment vehicles (88%)

5 earlier changes not shown.

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company	Schedule	Event date	Filed	Shares	% of class	Change	Status
GLXZ Galaxy Gaming, Inc.	13G	Mar 31, 2026	6mo	1,312,738	5.2%	+518,863 since Mar 31, 2025	Current
NTIP Network-1 Technologies, Inc.	13G	Dec 31, 2025	9mo	1,141,975	5%	—	Current
NOA North American Construction Group Ltd.	13G	Jun 30, 2025	1y	1,547,321	5.1%	-153,123 since Dec 31, 2024	Current
LDI loanDepot, Inc.	13G/A	Sep 30, 2024	1y	4,965,301	5.06%	+635,124 since Dec 31, 2023	Unconfirmed since Sep 30, 2024
ROOT Root, Inc.	13G	Dec 31, 2023	2y	717,043	7.47%	—	Unconfirmed since Dec 31, 2023

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 9 exited, below-5% or retired stakes

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 59.7%, 20.2 effective positions, active share 99.5% against the Russell 2000 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

72.0% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 9.8 quarters, but 18.4% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 99.5%; sector active share 55.5% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

35 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.3%

−0.5 pts

Top 5

34.3%

−1.0 pts

Top 10

57.2%

−0.1 pts

HHI

472

Diversified+7

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	29.2%	$41,236,124	8
Healthcare	22.4%	$31,751,137	6
Energy	17.9%	$25,299,722	4
Consumer Defensive	9.3%	$13,119,103	4
Industrials	9.0%	$12,743,813	4
Technology	4.0%	$5,679,141	1
Communication Services	3.0%	$4,224,362	2
Consumer Cyclical	2.6%	$3,651,257	3
Utilities	2.4%	$3,369,794	1
Unclassified	0.1%	$210,315	1
Real Estate	0.1%	$148,662	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
CHGG	Chegg, Inc	+454,032	863,268	$871,900
MDXG	Mimedx Group, Inc.	+373,250	1,870,436	$7,201,178
SJT	San Juan Basin Royalty Trust	+303,297	1,212,760	$3,892,959
POWW	Outdoor Holding Co	+301,209	336,524	$767,274
OWLT	Owlet, Inc.	+235,888	1,234,053	$7,083,464
NTIP	Network-1 Technologies, Inc.	+133,238	1,275,213	$1,874,563
VRCA	Verrica Pharmaceuticals Inc.	+98,800	783,923	$4,797,608
ARX	Accelerant Holdings	+14,931	171,080	$2,005,057
ASIC	Ategrity Specialty Insurance Co Holdings	+3,978	490,482	$11,791,187
GOLD	Gold.com, Inc.	+2,625	152,691	$6,353,472
SFIX	Stitch Fix, Inc.	+1,259	54,527	$224,105
GBLI	Global Indemnity Group, LLC	+515	257,875	$6,454,611
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
OSUR	Orasure Technologies Inc	−575,852	1,427,419	$6,366,288
NPKI	NPK International Inc.	−294,807	359,882	$5,725,722
NOA	North American Construction Group Ltd.	−179,040	783,691	$10,423,090
ETON	Eton Pharmaceuticals, Inc.	−171,238	170,747	$6,181,041
SNDL	SNDL Inc.	−121,774	8,639,381	$11,663,164
LEE	LEE ENTERPRISES, Inc	−88,932	344,349	$3,085,367
NGS	Natural Gas Services Group Inc	−69,294	122,387	$5,279,775
APEI	American Public Education Inc	−61,222	7,107	$381,645
LIFE	Ethos Technologies Inc.	−43,841	408,496	$7,410,117
REAL	TheRealReal, Inc.	−4,465	23,039	$271,629
BBW	Build-A-Bear Workshop Inc	−3,947	103,088	$3,155,523
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
VTS	Vitesse Energy, Inc.	361,693	$5,703,898
SHIM	Shimmick Corp	957,605	$4,376,254
PCYO	Pure Cycle Corp	314,640	$3,369,794
KVHI	Kvh Industries Inc \De\	114,934	$1,138,995
LINC	Lincoln Educational Services Corp	4,056	$202,394
COMP	Compass, Inc.	12,057	$148,662
CRON	Cronos Group Inc.	43,726	$121,558
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
TPB	Turning Point Brands, Inc.	71,692	$6,222,148
—		199,750	$5,151,553
GPGI	GPGI, Inc.	238,175	$4,072,792
CVCO	Cavco Industries, Inc.	5,759	$2,789,026
PNRG	Primeenergy Resources Corp	9,670	$2,251,659
OPRT	Oportun Financial Corp	372,697	$1,718,133
FLOC	Flowco Holdings Inc.	10,000	$206,000
MAMA	Mama's Creations, Inc.	10,799	$165,656
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

35 tracked positions · $141,433,430 total · filing declares 36 positions · $149,123,084 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
ASIC	Ategrity Specialty Insurance Co Holdings Financial Services	Added	490,482	+3,978	$11,791,187	+22.6%	5	unpriced	8.34%
SNDL	SNDL Inc. Consumer Defensive	Reduced	8,639,381	-121,774	$11,663,164	+0.9%	10	$1.89	8.25%
NOA	North American Construction Group Ltd. Energy	Reduced	783,691	-179,040	$10,423,090	−19.7%	26+	before history	7.37%
LIFE	Ethos Technologies Inc. Financial Services	Reduced	408,496	-43,841	$7,410,117	+46.7%	2	$11.82	5.24%
MDXG	Mimedx Group, Inc. Healthcare	Added	1,870,436	+373,250	$7,201,178	+21.8%	14	$5.87	5.09%
OWLT	Owlet, Inc. Healthcare	Added	1,234,053	+235,888	$7,083,464	+38.1%	3	$9.84	5.01%
GBLI	Global Indemnity Group, LLC Financial Services	Added	257,875	+515	$6,454,611	−7.9%	11	$32.02	4.56%
OSUR	Orasure Technologies Inc Healthcare	Reduced	1,427,419	-575,852	$6,366,288	+5.9%	14	$4.75	4.50%
GOLD	Gold.com, Inc. Financial Services	Added	152,691	+2,625	$6,353,472	+5.6%	26+	before history	4.49%
ETON	Eton Pharmaceuticals, Inc. Healthcare	Reduced	170,747	-171,238	$6,181,041	−26.8%	7	$14.64	4.37%
NPKI	NPK International Inc. Industrials	Reduced	359,882	-294,807	$5,725,722	−39.6%	5	$7.33	4.05%
VTS	Vitesse Energy, Inc. Energy	NEW	361,693	NEW	$5,703,898	NEW	1	$17.70	4.03%
RXT	Rackspace Technology, Inc. PUT Technology	Added	869,700	+842,952	$5,679,141	+21565.4%	—	—	4.02%
NGS	Natural Gas Services Group Inc Energy	Reduced	122,387	-69,294	$5,279,775	−27.0%	6	$23.39	3.73%
VRCA	Verrica Pharmaceuticals Inc. Healthcare	Added	783,923	+98,800	$4,797,608	+32.4%	2	$6.38	3.39%
SHIM	Shimmick Corp Industrials	NEW	957,605	NEW	$4,376,254	NEW	1	$4.41	3.09%
SJT	San Juan Basin Royalty Trust Energy	Added	1,212,760	+303,297	$3,892,959	−11.0%	9	$4.35	2.75%
PCYO	Pure Cycle Corp Utilities	NEW	314,640	NEW	$3,369,794	NEW	1	$10.93	2.38%
BBW	Build-A-Bear Workshop Inc Consumer Cyclical	Reduced	103,088	-3,947	$3,155,523	−21.3%	26+	before history	2.23%
LEE	LEE ENTERPRISES, Inc Communication Services	Reduced	344,349	-88,932	$3,085,367	−17.3%	26+	before history	2.18%
ROOT	Root, Inc. Financial Services	Held	52,331	0	$2,926,349	+26.6%	2	$58.34	2.07%
HIPO	Hippo Holdings Inc. Financial Services	Reduced	96,642	-946	$2,731,102	+7.4%	2	$28.47	1.93%
ARX	Accelerant Holdings Financial Services	Added	171,080	+14,931	$2,005,057	−3.9%	2	$12.76	1.42%
NTIP	Network-1 Technologies, Inc. Industrials	Added	1,275,213	+133,238	$1,874,563	+14.0%	26+	before history	1.33%
DGICA	Donegal Group Inc Financial Services	Held	82,939	0	$1,564,229	+9.8%	16	$15.73	1.11%
KVHI	Kvh Industries Inc \De\ Communication Services	NEW	114,934	NEW	$1,138,995	NEW	1	$9.57	0.81%
CHGG	Chegg, Inc Consumer Defensive	Added	863,268	+444,773	$871,900	+181.5%	2	$0.91	0.62%
POWW	Outdoor Holding Co Industrials	Added	336,524	+301,209	$767,274	+980.9%	2	$2.04	0.54%
APEI	American Public Education Inc Consumer Defensive	Reduced	7,107	-61,222	$381,645	−90.2%	4	$33.79	0.27%
REAL	TheRealReal, Inc. Consumer Cyclical	Reduced	23,039	-4,465	$271,629	+8.8%	6	$9.16	0.19%
SFIX	Stitch Fix, Inc. Consumer Cyclical	Reduced	54,527	-3,224	$224,105	+17.2%	3	$4.30	0.16%
IWM	iShares Russell 2000 ETF PUT	Added	700	+665	$210,315	+2323.0%	—	—	0.15%
LINC	Lincoln Educational Services Corp Consumer Defensive	NEW	4,056	NEW	$202,394	NEW	1	$45.27	0.14%
COMP	Compass, Inc. Real Estate	NEW	12,057	NEW	$148,662	NEW	1	$8.33	0.11%
CRON	Cronos Group Inc. Healthcare	NEW	43,726	NEW	$121,558	NEW	1	$2.68	0.09%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.