Q4 2025 · 13F-HR
CANNELL CAPITAL LLCholdings as filed
Filed 2026-02-17 · accession 0001420506-26-000561
$206.3M
Reported value
51
Positions
2025-12-31
Period end
The Brief · CANNELL CAPITAL LLC · Q4 2025
AI · grounded in 13F
CANNELL CAPITAL LLC closed its position in IWM, reducing exposure by $267.9M. The fund established several new positions, led by a $14.9M investment in EOSE, followed by new stakes in FLNC for $9.2M and RGTI for $7.5M. Other notable exits included closing positions in LINC and SCHL.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 656811106 | NOA | NORTH AMERN CONSTR GROUP LTD | $15.5M | 7.49% | 1,075,307 | Common | SOLE |
| 29415C101 | EOSE | EOS ENERGY ENTERPRISES INC | $15.0M | 7.27% | 13,083 | PUT | SOLE |
| 83307B101 | SNDL | SNDL INC | $14.5M | 7.05% | 8,761,155 | Common | SOLE |
| 651718504 | NPKI | NPK INTERNATIONAL INC | $11.2M | 5.44% | 940,756 | Common | SOLE |
| 63886Q109 | NGS | NATURAL GAS SVCS GROUP INC | $11.0M | 5.32% | 326,252 | Common | SOLE |
| 602496101 | MDXG | MIMEDX GROUP INC | $10.0M | 4.83% | 1,471,551 | Common | SOLE |
| 34379V103 | FLNC | FLUENCE ENERGY INC | $9.3M | 4.50% | 4,689 | PUT | SOLE |
| 00181T107 | GOLD | GOLD COM INC | $7.8M | 3.76% | 227,862 | Common | SOLE |
| 76655K103 | RGTI | RIGETTI COMPUTING INC | $7.5M | 3.65% | 3,399 | PUT | SOLE |
| 20459V105 | GPGI | COMPOSECURE INC | $7.0M | 3.40% | 363,990 | Common | SOLE |
| 69120X206 | OWLT | OWLET INC | $7.0M | 3.39% | 431,622 | Common | SOLE |
| 04681Y103 | ASIC | ATEGRITY SPECIALTY IN CO HO | $6.7M | 3.27% | 321,211 | Common | SOLE |
| 149568107 | CVCO | CAVCO INDS INC DEL | $6.7M | 3.25% | 11,360 | Common | SOLE |
| 90041L105 | TPB | TURNING PT BRANDS INC | $5.6M | 2.73% | 51,876 | Common | SOLE |
| 37959R103 | GBLI | GLOBAL INDEMNITY GROUP LLC | $5.6M | 2.70% | 195,898 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $5.4M | 2.64% | 515,309 | Common | SOLE |
| 80517M109 | SVV | SAVERS VALUE VLG INC | $5.4M | 2.64% | 583,008 | Common | SOLE |
| 120076104 | BBW | BUILD-A-BEAR WORKSHOP INC | $4.7M | 2.30% | 77,394 | Common | SOLE |
| 68554V108 | OSUR | ORASURE TECHNOLOGIES INC | $4.7M | 2.29% | 1,954,012 | Common | SOLE |
| 798241105 | SJT | SAN JUAN BASIN RTY TR | $4.7M | 2.28% | 835,799 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $4.6M | 2.23% | 109 | PUT | SOLE |
| 29772L108 | ETON | ETON PHARMACEUTICALS INC | $3.7M | 1.78% | 216,917 | Common | SOLE |
| 128246105 | CVGW | CALAVO GROWERS INC | $3.4M | 1.67% | 158,164 | Common | SOLE |
| 02913V103 | APEI | AMERICAN PUB ED INC | $3.0M | 1.46% | 79,518 | Common | SOLE |
| 651718504 | NPKI | NPK INTERNATIONAL INC | $2.8M | 1.35% | 2,330 | CALL | SOLE |
| 74767V109 | QS | QUANTUMSCAPE CORP | $2.3M | 1.13% | 2,234 | PUT | SOLE |
| 163092AF6 | CHGG 0 09/01/26 | CHEGG INC | $2.2M | 1.07% | 2,481,000 | Common | SOLE |
| 78397Q109 | SES | SES AI CORPORATION | $1.9M | 0.95% | 10,832 | PUT | SOLE |
| 35952H700 | FCEL | FUELCELL ENERGY INC | $1.9M | 0.93% | 2,612 | PUT | SOLE |
| 378973507 | GSAT | GLOBALSTAR INC | $1.8M | 0.87% | 29,268 | Common | SOLE |
| 257701201 | DGICA | DONEGAL GROUP INC | $1.7M | 0.80% | 82,939 | Common | SOLE |
| 74158E104 | PNRG | PRIMEENERGY RESOURCES CORP | $1.7M | 0.80% | 9,670 | Common | SOLE |
| 64121N109 | NTIP | NETWORK-1 TECHNOLOGIES INC | $1.5M | 0.73% | 1,141,975 | Common | SOLE |
| 307359885 | FFAI | FARADAY FUTURE INTLGT ELEC I | $1.1M | 0.55% | 11,058 | PUT | SOLE |
| 78501P203 | SWKH | SWK HLDGS CORP | $1.1M | 0.53% | 63,069 | Common | SOLE |
| 523768406 | LEE | LEE ENTERPRISES INC | $986,002 | 0.48% | 205,846 | Common | SOLE |
| 59516C106 | MVST | MICROVAST HOLDINGS INC | $860,160 | 0.42% | 3,072 | PUT | SOLE |
| 974250102 | WINA | WINMARK CORP | $666,936 | 0.32% | 1,647 | Common | SOLE |
| 532275104 | LWLG | LIGHTWAVE LOGIC INC | $612,036 | 0.30% | 1,889 | PUT | SOLE |
| 00218A105 | ASPI | ASP ISOTOPES INC | $593,315 | 0.29% | 1,109 | PUT | SOLE |
| 714167103 | PPIH | PERMA-PIPE INTL HLDGS INC | $457,556 | 0.22% | 15,071 | Common | SOLE |
| 72919P202 | PLUG | PLUG POWER INC | $445,005 | 0.22% | 8,091 | PUT | SOLE |
| 02451V309 | ABAT | AMERICAN BATTERY TECHNOLOGY | $316,632 | 0.15% | 948 | PUT | SOLE |
| 68617J100 | OGI | ORGANIGRAM GLOBAL INC | $261,546 | 0.13% | 155,682 | Common | SOLE |
| 96328L205 | 2CH | WHEELS UP EXPERIENCE INC | $260,420 | 0.13% | 3,968 | PUT | SOLE |
| 88339P101 | REAL | THE REALREAL INC | $254,563 | 0.12% | 16,132 | Common | SOLE |
| 62188E103 | MLCI | MOUNT LOGAN CAP INC | $140,399 | 0.07% | 17,018 | Common | SOLE |
| 860897107 | SFIX | STITCH FIX INC | $135,518 | 0.07% | 25,813 | Common | SOLE |
| 22717L101 | CRON | CRONOS GROUP INC | $91,258 | 0.04% | 34,699 | Common | SOLE |
| 68373J104 | LPRO | OPEN LENDING CORP | $63,147 | 0.03% | 40,740 | Common | SOLE |
| 83548F408 | SONM | SONIM TECHNOLOGIES INC | $42,922 | 0.02% | 13,626 | 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.