FINDELL CAPITAL MANAGEMENT LLC

CIK

1814465

Location

New York, NY

Portfolio Value

Small $710,283,015

Diversification

Highly concentrated

Filing Date

Global Rank

#2,307 / 8,517 ▲ 1007

Top Industry

Drug Manufacturers - Specialty & Generic 53.9%

3Y Alpha vs SPY

+17.5%

Period ended 48 days ago

Filed Aug 14, 2026 · 3d

11 quarters · since Dec 2023

Clone Performance

Feb 2024–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+123.1%

SPY

+55.7%

Annualised alpha

+18.4%

Max drawdown

−24.7%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 94% of reported value on average across 11 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

53.9%

+14.6 pts

Top 5

82.4%

+8.3 pts

Top 10

96.6%

+5.5 pts

HHI

3,216

Highly concentrated+1,202

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Healthcare	70.6%	$501,581,222	3
Technology	9.5%	$67,502,600	2
Financial Services	7.4%	$52,726,493	3
Consumer Defensive	5.1%	$36,377,700	2
Consumer Cyclical	4.0%	$28,455,000	1
Industrials	3.3%	$23,640,000	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
LQDA	Liquidia Corp	+1,250,100	4,802,212	$382,880,362
SGHC	Super Group (SGHC) Ltd	+600,000	2,100,000	$28,455,000
CELH	Celsius Holdings, Inc.	+550,000	750,000	$21,960,000
ESTA	Establishment Labs Holdings Inc.	+98,253	1,096,000	$94,047,760
ROOT	Root, Inc.	+85,000	460,000	$25,723,200
ABVX	Abivax S.A.	+80,000	185,000	$24,653,100
TPB	Turning Point Brands, Inc.	+75,000	170,000	$14,417,700
OPRT	Oportun Financial Corp	+50,000	2,798,300	$15,978,293
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
GEO	Geo Group Inc	−75,000	800,000	$23,640,000
DAVE	Dave Inc./DE	−25,000	145,000	$54,025,550
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
FIG	Figma, Inc.	745,000	$13,477,050
RKT	Rocket Companies, Inc.	700,000	$11,025,000
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
CVE	Cenovus Energy Inc.	375,000	$9,948,750
ACHC	Acadia Healthcare Company, Inc.	380,000	$8,888,200
MLYS	Mineralys Therapeutics, Inc.	202,000	$5,472,180
VET	Vermilion Energy Inc.	370,000	$5,098,600
APLD	Applied Digital Corp.	170,000	$4,035,800
BTU	Peabody Energy Corp	8,381	$276,153
EHTH	eHealth, Inc.	179,027	$230,944
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

12 tracked positions · $710,283,015 total · filing declares 15 positions · $710,283,016 · as of Jun 30, 2026

All sectors Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LQDA	Liquidia Corp PUT + SHARES Healthcare	Added	4,802,212	+1,250,100	$382,880,362	+185.6%	53.91%
ESTA	Establishment Labs Holdings Inc. Healthcare	Added	1,096,000	+98,253	$94,047,760	+66.0%	13.24%
DAVE	Dave Inc./DE Technology	Reduced	145,000	-25,000	$54,025,550	+82.5%	7.61%
SGHC	Super Group (SGHC) Ltd Consumer Cyclical	Added	2,100,000	+600,000	$28,455,000	+75.6%	4.01%
ROOT	Root, Inc. Financial Services	Added	460,000	+85,000	$25,723,200	+55.3%	3.62%
ABVX	Abivax S.A. Healthcare	Added	185,000	+80,000	$24,653,100	+110.9%	3.47%
GEO	Geo Group Inc Industrials	Reduced	800,000	-75,000	$23,640,000	+60.7%	3.33%
CELH	Celsius Holdings, Inc. Consumer Defensive	Added	750,000	+550,000	$21,960,000	+209.5%	3.09%
OPRT	Oportun Financial Corp Financial Services	Added	2,798,300	+50,000	$15,978,293	+26.1%	2.25%
TPB	Turning Point Brands, Inc. Consumer Defensive	Added	170,000	+75,000	$14,417,700	+74.9%	2.03%
FIG	Figma, Inc. Technology	NEW	745,000	NEW	$13,477,050	NEW	1.90%
RKT	Rocket Companies, Inc. Financial Services	NEW	700,000	NEW	$11,025,000	NEW	1.55%

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.