FINDELL CAPITAL MANAGEMENT LLC
CIK
1814465
Location
New York, NY
Portfolio Value
Small
$341,429,670
Diversification
Moderately concentrated
Filing Date
Global Rank
#3,222
/ 8,592
▲ 36
Top Industry
Drug Manufacturers - Specialty & Generic
39.3%
3Y Alpha vs SPY
+16.6%
Period ended 3 months ago
Filed May 15, 2026 · 35d
10 quarters · since Dec 2023
Clone Performance
Feb 2024–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+109.1%
SPY
+54.6%
Annualised alpha
+16.6%
Max drawdown
−24.9%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
17 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
39.3%
−2.5 pts
Top 5
74.1%
−4.6 pts
Top 10
91.1%
−2.4 pts
HHI
2,014
Moderately concentrated−404
Portfolio Trend
10 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Healthcare | 63.5% | $216,760,910 |
| Technology | 9.9% | $33,631,100 |
| Financial Services | 8.6% | $29,464,357 |
| Consumer Cyclical | 4.7% | $16,200,000 |
| Consumer Defensive | 4.5% | $15,341,050 |
| Energy | 4.5% | $15,323,503 |
| Industrials | 4.3% | $14,708,750 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
7 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SGHC | Super Group (SGHC) Ltd | +560,000 | 1,500,000 | $16,200,000 | |
| GEO | Geo Group Inc | +225,000 | 875,000 | $14,708,750 | |
| OPRT | Oportun Financial Corp | +180,000 | 2,748,300 | $12,669,663 | |
| MLYS | Mineralys Therapeutics, Inc. | +152,000 | 202,000 | $5,472,180 | |
| ROOT | Root, Inc. | +140,000 | 375,000 | $16,563,750 | |
| DAVE | Dave Inc./DE | +100,000 | 170,000 | $29,595,300 | |
| ABVX | Abivax S.A. | +57,000 | 105,000 | $11,691,750 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| EHTH | eHealth, Inc. | −1,229,948 | 179,027 | $230,944 | |
| LQDA | Liquidia Corp | −655,337 | 3,552,112 | $134,056,706 | |
| ESTA | Establishment Labs Holdings Inc. | −132,713 | 997,747 | $56,652,074 | |
| TPB | Turning Point Brands, Inc. | −32,000 | 95,000 | $8,245,050 | |
| CELH | Celsius Holdings, Inc. | −10,000 | 200,000 | $7,096,000 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
5 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CVE | Cenovus Energy Inc. | 375,000 | $9,948,750 | |
| ACHC | Acadia Healthcare Company, Inc. | 380,000 | $8,888,200 | |
| 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 | |
| No positions match the current search. | ||||
17 positions ·
$341,429,670 total
· as of Mar 31, 2026
All sectors
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| LQDA |
Liquidia Corp
Healthcare
|
Reduced | 3,552,112 | $134,056,706 | 39.26% | |
| ESTA |
Establishment Labs Holdings Inc.
Healthcare
|
Reduced | 997,747 | $56,652,074 | 16.59% | |
| DAVE |
Dave Inc./DE
Technology
|
Added | 170,000 | $29,595,300 | 8.67% | |
| ROOT |
Root, Inc.
Financial Services
|
Added | 375,000 | $16,563,750 | 4.85% | |
| SGHC |
Super Group (SGHC) Ltd
Consumer Cyclical
|
Added | 1,500,000 | $16,200,000 | 4.74% | |
| GEO |
Geo Group Inc
Industrials
|
Added | 875,000 | $14,708,750 | 4.31% | |
| OPRT |
Oportun Financial Corp
Financial Services
|
Added | 2,748,300 | $12,669,663 | 3.71% | |
| ABVX |
Abivax S.A.
Healthcare
|
Added | 105,000 | $11,691,750 | 3.42% | |
| CVE |
Cenovus Energy Inc.
Energy
|
NEW | 375,000 | $9,948,750 | 2.91% | |
| ACHC |
Acadia Healthcare Company, Inc.
Healthcare
|
NEW | 380,000 | $8,888,200 | 2.60% | |
| TPB |
Turning Point Brands, Inc.
Consumer Defensive
|
Reduced | 95,000 | $8,245,050 | 2.41% | |
| CELH |
Celsius Holdings, Inc.
Consumer Defensive
|
Reduced | 200,000 | $7,096,000 | 2.08% | |
| MLYS |
Mineralys Therapeutics, Inc.
Healthcare
|
Added | 202,000 | $5,472,180 | 1.60% | |
| VET |
Vermilion Energy Inc.
Energy
|
NEW | 370,000 | $5,098,600 | 1.49% | |
| APLD |
Applied Digital Corp.
Technology
|
NEW | 170,000 | $4,035,800 | 1.18% | |
| BTU |
Peabody Energy Corp
Energy
|
NEW | 8,381 | $276,153 | 0.08% | |
| EHTH |
eHealth, Inc.
Financial Services
|
Reduced | 179,027 | $230,944 | 0.07% |