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CANNELL CAPITAL LLC

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13F filer, CIK 1058854, ALTA, WY

CANNELL CAPITAL LLC reported $206,289,671 across 51 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 62.14% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-26-000561

Period
2025-12-31
Reported value
$206M
Holdings
51
Top 10 weight
62.14%
New
21
Sold out
28

Largest buys vs the previous quarter

SecurityShares changeApprox. value
OWLTnew+431,622$6.99M
ASICadded+178,886$3.76M
CVGWnew+158,164$3.44M
CHEGG INCnew+2,481,000$2.2M
BBWadded+27,457$1.68M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TPBreduced-128,224-$13.9M
COMPreduced-1,305,822-$13.8M
LINCexited-576,505-$13.5M
GPGIreduced-641,087-$12.4M
CVCOreduced-20,801-$12.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001420506-26-000561, largest first. % of portfolio is the value over $156,713,104, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
NOANORTH AMERN CONSTR GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,861,501 shares; 2024Q4: 1,700,444 shares; 2025Q1: 1,797,815 shares; 2025Q2: 1,547,321 shares; 2025Q3: 1,303,978 shares; 2025Q4: 1,075,307 shares 1,075,307$15.5M9.86%-228,671Timeline
SNDLSNDL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,231,260 shares; 2024Q4: 10,176,305 shares; 2025Q1: 8,994,424 shares; 2025Q2: 8,951,755 shares; 2025Q3: 8,951,755 shares; 2025Q4: 8,761,155 shares 8,761,155$14.5M9.28%-190,600Timeline
NPKINPK INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,517,890 shares; 2025Q3: 1,454,204 shares; 2025Q4: 940,756 shares 940,756$11.2M7.16%-513,448Timeline
NGSNATURAL GAS SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 87,423 shares; 2025Q2: 331,616 shares; 2025Q3: 359,021 shares; 2025Q4: 326,252 shares 326,252$11M7.01%-32,769Timeline
MDXGMIMEDX GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,599,310 shares; 2024Q4: 3,639,545 shares; 2025Q1: 2,132,960 shares; 2025Q2: 2,073,926 shares; 2025Q3: 2,013,840 shares; 2025Q4: 1,471,551 shares 1,471,551$9.96M6.36%-542,289Timeline
GOLDGOLD COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,985 shares; 2024Q4: 58,858 shares; 2025Q1: 186,776 shares; 2025Q2: 228,384 shares; 2025Q3: 189,933 shares; 2025Q4: 227,862 shares 227,862$7.76M4.95%+37,929Timeline
GPGIGPGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,109,659 shares; 2024Q4: 2,278,726 shares; 2025Q1: 2,115,322 shares; 2025Q2: 2,093,321 shares; 2025Q3: 1,005,077 shares; 2025Q4: 363,990 shares 363,990$7.02M4.48%-641,087Timeline
OWLTOWLET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 431,622 shares 431,622$6.99M4.46%newTimeline
ASICATEGRITY SPECIALTY IN CO HOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,000 shares; 2025Q3: 142,325 shares; 2025Q4: 321,211 shares 321,211$6.75M4.31%+178,886Timeline
CVCOCAVCO INDS INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,551 shares; 2024Q4: 83,958 shares; 2025Q1: 50,520 shares; 2025Q2: 47,448 shares; 2025Q3: 32,161 shares; 2025Q4: 11,360 shares 11,360$6.71M4.28%-20,801Timeline
TPBTURNING PT BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 16,698 shares; 2025Q2: 60,279 shares; 2025Q3: 180,100 shares; 2025Q4: 51,876 shares 51,876$5.62M3.59%-128,224Timeline
GBLIGLOBAL INDEMNITY GROUP LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 199,767 shares; 2024Q4: 245,934 shares; 2025Q1: 278,472 shares; 2025Q2: 282,313 shares; 2025Q3: 282,313 shares; 2025Q4: 195,898 shares 195,898$5.56M3.55%-86,415Timeline
COMPCOMPASS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,125,655 shares; 2024Q4: 2,865,608 shares; 2025Q1: 2,235,773 shares; 2025Q2: 1,633,870 shares; 2025Q3: 1,821,131 shares; 2025Q4: 515,309 shares 515,309$5.45M3.48%-1,305,822Timeline
SVVSAVERS VALUE VLG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 395,387 shares; 2025Q3: 498,654 shares; 2025Q4: 583,008 shares 583,008$5.45M3.47%+84,354Timeline
BBWBUILD-A-BEAR WORKSHOP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 468,799 shares; 2024Q4: 316,977 shares; 2025Q1: 154,243 shares; 2025Q2: 123,472 shares; 2025Q3: 49,937 shares; 2025Q4: 77,394 shares 77,394$4.74M3.03%+27,457Timeline
OSURORASURE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,472,023 shares; 2024Q4: 1,466,229 shares; 2025Q1: 1,394,453 shares; 2025Q2: 1,864,989 shares; 2025Q3: 2,099,815 shares; 2025Q4: 1,954,012 shares 1,954,012$4.73M3.02%-145,803Timeline
SJTSAN JUAN BASIN RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,386,640 shares; 2024Q4: 1,830,244 shares; 2025Q1: 3,045,408 shares; 2025Q2: 2,231,524 shares; 2025Q3: 1,213,124 shares; 2025Q4: 835,799 shares 835,799$4.7M3%-377,325Timeline
ETONETON PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 381,323 shares; 2025Q1: 691,367 shares; 2025Q2: 388,175 shares; 2025Q3: 455,405 shares; 2025Q4: 216,917 shares 216,917$3.67M2.34%-238,488Timeline
CVGWCALAVO GROWERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 158,164 shares 158,164$3.44M2.2%newTimeline
APEIAMERICAN PUB ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 39,310 shares; 2025Q4: 79,518 shares 79,518$3.01M1.92%+40,208Timeline
CHEGG INCCHEGG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,481,000 shares 2,481,000$2.2M1.41%new
GSATGLOBALSTAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 50,740 shares; 2025Q2: 51,320 shares; 2025Q3: 72,029 shares; 2025Q4: 29,268 shares 29,268$1.79M1.14%-42,761Timeline
DGICADONEGAL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,100 shares; 2024Q4: 72,100 shares; 2025Q1: 72,100 shares; 2025Q2: 65,434 shares; 2025Q3: 65,434 shares; 2025Q4: 82,939 shares 82,939$1.66M1.06%+17,505Timeline
PNRGPRIMEENERGY RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,866 shares; 2024Q4: 6,053 shares; 2025Q1: 6,053 shares; 2025Q2: 6,702 shares; 2025Q3: 9,670 shares; 2025Q4: 9,670 shares 9,670$1.65M1.06%0Timeline
NTIPNETWORK-1 TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 451,147 shares; 2024Q4: 347,290 shares; 2025Q1: 367,290 shares; 2025Q2: 367,290 shares; 2025Q3: 1,070,123 shares; 2025Q4: 1,141,975 shares 1,141,975$1.5M0.95%+71,852Timeline
SWKHSWK HLDGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 381,838 shares; 2024Q4: 354,326 shares; 2025Q1: 354,759 shares; 2025Q2: 314,619 shares; 2025Q3: 241,322 shares; 2025Q4: 63,069 shares 63,069$1.08M0.69%-178,253Timeline
LEELEE ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 213,806 shares; 2024Q4: 215,158 shares; 2025Q1: 226,003 shares; 2025Q2: 226,003 shares; 2025Q3: 205,846 shares; 2025Q4: 205,846 shares 205,846$986K0.63%0Timeline
WINAWINMARK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,200 shares; 2024Q4: 2,200 shares; 2025Q1: 1,647 shares; 2025Q2: 1,647 shares; 2025Q3: 1,647 shares; 2025Q4: 1,647 shares 1,647$667K0.43%0Timeline
PPIHPERMA-PIPE INTL HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 124,615 shares; 2024Q4: 119,201 shares; 2025Q1: 110,101 shares; 2025Q2: 93,911 shares; 2025Q3: 121,170 shares; 2025Q4: 15,071 shares 15,071$458K0.29%-106,099Timeline
OGIORGANIGRAM GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 155,682 shares 155,682$262K0.17%newTimeline
REALTHE REALREAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 815,362 shares; 2025Q2: 1,429,207 shares; 2025Q3: 359,081 shares; 2025Q4: 16,132 shares 16,132$255K0.16%-342,949Timeline
MLCIMOUNT LOGAN CAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 65,869 shares; 2025Q4: 17,018 shares 17,018$140K0.09%-48,851Timeline
SFIXSTITCH FIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 25,813 shares 25,813$136K0.09%newTimeline
CRONCRONOS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,645,221 shares; 2025Q1: 6,331,242 shares; 2025Q2: 2,927,460 shares; 2025Q3: 1,957,504 shares; 2025Q4: 34,699 shares 34,699$91.3K0.06%-1,922,805Timeline
LPROOPEN LENDING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,586,000 shares; 2024Q4: 2,499,270 shares; 2025Q1: 1,921,844 shares; 2025Q2: 3,596,490 shares; 2025Q3: 2,619,093 shares; 2025Q4: 40,740 shares 40,740$63.1K0.04%-2,578,353Timeline
SONMDNA X INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 13,626 shares 13,626$42.9K0.03%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
EOSEEOS ENERGY ENTERPRISES INC Stockput13,083$15Mnew
FLNCFLUENCE ENERGY INC COM CL Aput4,689$9.27Mnew
RGTIRIGETTI COMPUTING INC Stockput3,399$7.53Mnew
CVNACARVANA CO Stockput109$4.6Mnew
NPKINPK INTERNATIONAL INC COMMON STOCKcall2,330$2.78Mnew
QSQUANTUMSCAPE CORP Stockput2,234$2.33Mnew
SESSES AI CORPORATION CL A COMput10,832$1.95Mnew
FCELFUELCELL ENERGY INC COMMON STOCKput2,612$1.91Mnew
FFAIFARADAY FUTURE INTLGT ELEC I COM NEW CL Aput11,058$1.13Mnew
MVSTMICROVAST HOLDINGS INC Stockput3,072$860Knew
LWLGLIGHTWAVE LOGIC INC COMput1,889$612Knew
ASPIASP ISOTOPES INC COMput1,109$593Knew
PLUGPLUG PWR INC COM NEWput8,091$445Knew
ABATAMERICAN BATTERY TECHNOLOGY COM NEWput948$317Knew
UPWHEELS UP EXPERIENCE INC COM CL Aput3,968$260Knew

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IWMISHARES TR11,076$268Mput
LINCLINCOLN EDL SVCS CORP576,505$13.5Mshares
OPRTOPORTUN FINL CORP1,470,870$9.08Mshares
LUXELUXEXPERIENCE BV1,045,962$8.89Mshares
KSPIKASPI KZ JSC108,799$8.89Mshares
PDFSPDF SOLUTIONS INC337,315$8.71Mshares
SRTASTRATA CRITICAL MEDICAL INC1,598,489$8.09Mshares
ASRGRUPO AEROPORTUARIO DEL SURE24,120$7.8Mshares
NATLNCR ATLEOS CORPORATION197,650$7.77Mshares
NXDRNEXTDOOR HOLDINGS INC3,711,008$7.76Mshares
CRTOCRITEO S A328,543$7.43Mshares
WTTRSELECT WATER SOLUTIONS INC672,830$7.19Mshares
PINSPINTEREST INC206,468$6.64Mshares
MATWMATTHEWS INTL CORP267,369$6.49Mshares
MGNIMAGNITE INC265,152$5.78Mshares
UTIUNIVERSAL TECHNICAL INST INC169,273$5.51Mshares
CLHCLEAN HARBORS INC23,067$5.36Mshares
SCHLSCHOLASTIC CORP1,943$5.32Mcall
SCHLSCHOLASTIC CORP154,463$4.23Mshares
NBISNEBIUS GROUP N.V.35,500$3.99Mshares
APGAPI GROUP CORP62,825$2.16Mshares
INVEINVE TECHNOLOGIES INC610,855$2.11Mshares
CBNACHAIN BRIDGE BANCORP INC61,609$2.02Mshares
MSOSADVISORSHARES TR3,866$1.85Mcall
BVBRIGHTVIEW HLDGS INC138,063$1.85Mshares
TILE SHOP HLDGS INCTILE SHOP HLDGS INC256,392$1.55Mshares
AEYEAUDIOEYE INC39,277$544Kshares
APLDAPPLIED DIGITAL CORP20,681$474Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-26-000561 base2026-02-17acceptance time not in the bulk data set