Cannell Capital LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Cannell Capital LLC disclosed 36 US equity positions worth $156.7m in its Q4 2025 13F filing. The largest position was NOA at 9.9% of the reported book, followed by SNDL and NPKI. Against the Q3 2025 filing, it opened 6 new positions, added to 7 and reduced 20 among the top 36 holdings.
What did Cannell Capital LLC own in Q4 2025? Top 36 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NOA NORTH AMERN CONSTR GROUP LTD | Energy | 9.9% | $15.5m | 1,075,307 | -18% | reduced |
| 2 | SNDL SNDL INC | 9.3% | $14.5m | 8,761,155 | -2% | reduced | |
| 3 | NPKI NPK INTERNATIONAL INC | Industrials | 7.2% | $11.2m | 940,756 | -35% | reduced |
| 4 | NGS NATURAL GAS SVCS GROUP INC | Energy | 7.0% | $11.0m | 326,252 | -9% | reduced |
| 5 | MDXG MIMEDX GROUP INC | Healthcare | 6.4% | $10.0m | 1,471,551 | -27% | reduced |
| 6 | GOLD GOLD COM INC | Financial Services | 5.0% | $7.8m | 227,862 | 20% | added |
| 7 | GPGI COMPOSECURE INC | Industrials | 4.5% | $7.0m | 363,990 | -64% | reduced |
| 8 | OWLT OWLET INC | 4.5% | $7.0m | 431,622 | – | new | |
| 9 | ASIC ATEGRITY SPECIALTY IN CO HO | 4.3% | $6.7m | 321,211 | 126% | added | |
| 10 | CVCO CAVCO INDS INC DEL | Consumer Cyclical | 4.3% | $6.7m | 11,360 | -65% | reduced |
| 11 | TPB TURNING PT BRANDS INC | Consumer Defensive | 3.6% | $5.6m | 51,876 | -71% | reduced |
| 12 | GBLI GLOBAL INDEMNITY GROUP LLC | 3.5% | $5.6m | 195,898 | -31% | reduced | |
| 13 | COMP COMPASS INC | Real Estate | 3.5% | $5.4m | 515,309 | -72% | reduced |
| 14 | SVV SAVERS VALUE VLG INC | 3.5% | $5.4m | 583,008 | 17% | added | |
| 15 | BBW BUILD-A-BEAR WORKSHOP INC | Consumer Cyclical | 3.0% | $4.7m | 77,394 | 55% | added |
| 16 | OSUR ORASURE TECHNOLOGIES INC | Healthcare | 3.0% | $4.7m | 1,954,012 | -7% | reduced |
| 17 | SAN JUAN BASIN RTY TR | 3.0% | $4.7m | 835,799 | -31% | reduced | |
| 18 | ETON ETON PHARMACEUTICALS INC | 2.3% | $3.7m | 216,917 | -52% | reduced | |
| 19 | CALAVO GROWERS INC | 2.2% | $3.4m | 158,164 | – | new | |
| 20 | APEI AMERICAN PUB ED INC | Consumer Defensive | 1.9% | $3.0m | 79,518 | 102% | added |
| 21 | CHEGG INC | 1.4% | $2.2m | 2,481,000 | – | new | |
| 22 | GSAT GLOBALSTAR INC | Communication Services | 1.1% | $1.8m | 29,268 | -59% | reduced |
| 23 | DGICA DONEGAL GROUP INC | 1.1% | $1.7m | 82,939 | 27% | added | |
| 24 | PNRG PRIMEENERGY RESOURCES CORP | 1.1% | $1.7m | 9,670 | 0% | held | |
| 25 | NTIP NETWORK-1 TECHNOLOGIES INC | 1.0% | $1.5m | 1,141,975 | 7% | added | |
| 26 | SWKHL SWK HLDGS CORP | 0.7% | $1.1m | 63,069 | -74% | reduced | |
| 27 | LEE LEE ENTERPRISES INC | 0.6% | $986.0k | 205,846 | 0% | held | |
| 28 | WINA WINMARK CORP | Consumer Cyclical | 0.4% | $666.9k | 1,647 | 0% | held |
| 29 | PPIH PERMA-PIPE INTL HLDGS INC | 0.3% | $457.6k | 15,071 | -88% | reduced | |
| 30 | OGI ORGANIGRAM GLOBAL INC | 0.2% | $261.5k | 155,682 | – | new | |
| 31 | REAL THE REALREAL INC | Consumer Cyclical | 0.2% | $254.6k | 16,132 | -96% | reduced |
| 32 | MOUNT LOGAN CAP INC | 0.1% | $140.4k | 17,018 | -74% | reduced | |
| 33 | SFIX STITCH FIX INC | Consumer Cyclical | 0.1% | $135.5k | 25,813 | – | new |
| 34 | CRON CRONOS GROUP INC | Healthcare | 0.1% | $91.3k | 34,699 | -98% | reduced |
| 35 | OPEN LENDING CORP | 0.0% | $63.1k | 40,740 | -98% | reduced | |
| 36 | SONIM TECHNOLOGIES INC | 0.0% | $42.9k | 13,626 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.