Cannell Capital is based out of Alta. Cannell Capital is a hedge fund with 22 clients and discretionary assets under management (AUM) of $851,813,961 (Form ADV from 2024-05-02). Their last reported 13F filing for Q4 2024 included $487,327,114 in managed 13F securities
and a top 10 holdings concentration of 55.8%. Cannell Capital's largest holding is Cavco Industries, Inc with shares held of 83,958. Whalewisdom has at least 84 13F filings, 181 13D filings, 457 13G filings, and 110 Form 4 filings
Business Description
Cannell Capital LLC is an investment advisor firm based in Alta, Wyoming. The firm's brochure, which was last filed on March 30, 2023, provides information about their qualifications and business practices. Cannell Capital considers factors such as the broker-dealer's reputation, experience, and resources when selecting brokers. They also consider the level of business the broker-dealer expects to receive as compensation for providing research and other services.
Cannell Capital monitors transaction results to evaluate the quality of execution provided by the various brokers they use. They also evaluate the reasonableness of the compensation paid to those brokers and dealers in light of all the factors described above. The firm aggregates transactions for funds accounts to ensure that compensation rates are competitive.
Investment Strategy
Cannell Capital is an active investor that employs fundamental, bottom-up research to make investment decisions. They primarily focus on long/short equity of publicly traded, small capitalization companies in North America, with market capitalizations generally below $2 billion. Their investment idea generation can be both qualitative and quantitative. Qualitative methods involve primary research, including frequent discussions with company management and board members. Quantitative methods include a systematic and tactical process that involves periodically reviewing 30-40 proprietary screens in search of developing trends, rudimentary risk/return analysis, research time estimation, and drafting a preliminary investment thesis.
Cannell Capital has considerable discretion in choosing securities and can modify selection criteria or hedging techniques without prior client consent. They acknowledge that their trading techniques and analytical models have operational or theoretical shortcomings, which could lead to unsuccessful trades and losses for clients. Additionally, any new investment strategy or hedging technique developed could be more speculative than previous ones, increasing the risk of investments managed by Cannell Capital.
Owners
- CANNELL, JAMES, CARLO - MANAGING MEMBER OF CANNELL CAPITAL LLC / PRESIDENT OF PAMAPANITO CORPORATION DBA CANNELL CAPITAL CORPORATION
- WOOD, CHRISTOPHER, WETHERILL - PORTFOLIO MANAGER
- WAGSTAFF, STEPHEN, CHARLES - CHIEF FINANCIAL OFFICER OF CANNELL CAPITAL LLC / CHIEF FINANCIAL OFFICER OF PAMPANITO CORPORATION DBA CANNELL CAPITAL CORPORAT Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-12-31
Top Buys (13F)
Name | % Change |
---|---|
MDXG MiMedx Group Inc | 2.81% |
CZR Caesars Entertainmen | 2.77% |
CVCO Cavco Industries, In | 1.74% |
CLBR Colombier Acquisitio | 1.32% |
ARKO Arko Corp | 1.15% |

2024-12-31
Top Sells (13F)
Name | % Change |
---|---|
CAVA Cava Group Inc (PUT) | 6.18% |
ARLO Arlo Technologies In | 2.39% |
PRSU Pursuit Attractions | 2.13% |
LMB Limbach Holdings Inc | 1.82% |
OSUR OraSure Technologies | 1.09% |

2024-12-31
13F Holdings Summary
Name | $ Change |
---|---|
CVCO Cavco Industries, In | 7.69% |
NOA North American Const | 7.54% |
UTI Universal Technical | 7.43% |
MDXG MiMedx Group Inc | 7.18% |
CMPO CompoSecure Inc | 7.17% |

2024-12-31
13F Activity
Market Value | $487m, Prior: $486m |
Inflows (Outflows) as % of Total MV | (-7.2285)% |
New Purchases | 11 stocks |
Added To | 22 stocks |
Sold out of | 8 stocks |
Reduced holdings in | 17 stocks |
Top 10 Holdings % | 55.8% |
Turnover %[1] | 31.67% |
Turnover Alt %[2] | 14.28% |
Time Held Top 20 | 6.45 quarters |
Time Held Top 10 | 4.7 quarters |
Time Held All | 9.31 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31
13F Sector Allocation Over Time
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2024-12-31
Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31