Q3 2025 · 13F-HR
FINDELL CAPITAL MANAGEMENT LLCholdings as filed
Filed 2025-11-14 · accession 0000921895-25-003108
$253.4M
Reported value
15
Positions
2025-09-30
Period end
The Brief · FINDELL CAPITAL MANAGEMENT LLC · Q3 2025
AI · grounded in 13F
FINDELL CAPITAL MANAGEMENT LLC established a new position in LQDA valued at $98.7M. The fund also initiated stakes in ESTA for $53.1M and OPRT for $15.8M. Other new additions include ODP1 at $14.9M and GEO at $11.5M. Total assets under management stand at $253.4M across 14 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 53635D202 | LQDA | LIQUIDIA CORPORATION | $64.4M | 25.4% | 2,830,000 | Common | SOLE |
| G31249108 | ESTA | ESTABLISHMENT LABS HLDGS INC | $53.1M | 21.0% | 1,295,420 | Common | SOLE |
| 53635D202 | LQDA | LIQUIDIA CORPORATION | $34.3M | 13.6% | 1,510,200 | PUT | SOLE |
| 68376D104 | OPRT | OPORTUN FINL CORP | $15.8M | 6.25% | 2,568,300 | Common | SOLE |
| 88337F105 | ODP1 | THE ODP CORP | $14.9M | 5.87% | 534,000 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $11.5M | 4.53% | 560,000 | Common | SOLE |
| 603170101 | MLYS | MINERALYS THERAPEUTICS INC | $9.5M | 3.74% | 250,000 | Common | SOLE |
| 90041L105 | TPB | TURNING PT BRANDS INC | $8.9M | 3.51% | 90,000 | Common | SOLE |
| G8588X103 | SGHC | SUPER GROUP SGHC LIMITED | $8.8M | 3.49% | 670,099 | Common | SOLE |
| 23834J201 | DAVE | DAVE INC | $7.6M | 2.99% | 38,000 | Common | SOLE |
| 704551100 | BTU | PEABODY ENERGY CORP | $6.2M | 2.46% | 235,000 | Common | SOLE |
| 77664L207 | ROOT | ROOT INC | $5.4M | 2.12% | 60,000 | Common | SOLE |
| 28238P109 | EHTH | EHEALTH INC | $5.3M | 2.08% | 1,225,000 | Common | SOLE |
| 78435P105 | SEZL | SEZZLE INC | $4.3M | 1.70% | 54,000 | Common | SOLE |
| 00370M103 | ABVX | ABIVAX SA | $3.4M | 1.34% | 40,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.