Q4 2025 · 13F-HR
FINDELL CAPITAL MANAGEMENT LLCholdings as filed
Filed 2026-02-17 · accession 0000921895-26-000470
$347.8M
Reported value
17
Positions
2025-12-31
Period end
The Brief · FINDELL CAPITAL MANAGEMENT LLC · Q4 2025
AI · grounded in 13F
FINDELL CAPITAL MANAGEMENT LLC closed its position in THE ODP CORP ODP1, reducing exposure by $14.87M. The fund established new positions in CELSIUS HLDGS INC CELH for $9.61M and STRIDE INC LRN for $5.84M. Additionally, the manager exited positions in PEABODY ENERGY CORP BTU and SEZZLE INC SEZL.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 53635D202 | LQDA | LIQUIDIA CORPORATION | $98.3M | 28.3% | 2,851,449 | Common | SOLE |
| G31249108 | ESTA | ESTABLISHMENT LABS HLDGS INC | $82.4M | 23.7% | 1,130,460 | Common | SOLE |
| 53635D202 | LQDA | LIQUIDIA CORPORATION | $41.4M | 11.9% | 1,200,000 | PUT | SOLE |
| 77664L207 | ROOT | ROOT INC | $17.0M | 4.88% | 235,000 | Common | SOLE |
| 23834J201 | DAVE | DAVE INC | $15.5M | 4.46% | 70,000 | Common | SOLE |
| 90041L105 | TPB | TURNING PT BRANDS INC | $13.8M | 3.96% | 127,000 | Common | SOLE |
| 68376D104 | OPRT | OPORTUN FINL CORP | $13.6M | 3.91% | 2,568,300 | Common | SOLE |
| G8588X103 | SGHC | SUPER GROUP SGHC LIMITED | $11.2M | 3.23% | 940,000 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $10.5M | 3.01% | 650,000 | Common | SOLE |
| 15118V207 | CELH | CELSIUS HLDGS INC | $9.6M | 2.76% | 210,000 | Common | SOLE |
| 28238P109 | EHTH | EHEALTH INC | $6.5M | 1.86% | 1,408,975 | Common | SOLE |
| 00370M103 | ABVX | ABIVAX SA | $6.5M | 1.86% | 48,000 | Common | SOLE |
| 86333M108 | LRN | STRIDE INC | $5.8M | 1.68% | 90,000 | Common | SOLE |
| 000899104 | ADMA | ADMA BIOLOGICS INC | $5.5M | 1.57% | 300,000 | Common | SOLE |
| 53635D202 | LQDA | LIQUIDIA CORPORATION | $5.4M | 1.55% | 156,000 | CALL | SOLE |
| 929033207 | VOR | VOR BIOPHARMA INC | $3.0M | 0.87% | 231,000 | Common | SOLE |
| 603170101 | MLYS | MINERALYS THERAPEUTICS INC | $1.8M | 0.52% | 50,000 | 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.