J. Carlo Cannell's portfolio
In the Q2 2026 13F, filed August 18, 2026, Cannell Capital reported 34 US stock positions worth $143M. The largest was Ategrity Specialty Insurance Company Holdings (ASIC) at 8.2% of the portfolio. New positions: Vitesse Energy (VTS), Shimmick (SHIM) and Pure Cycle (PCYO). Added to: Ategrity Specialty Insurance Company Holdings (ASIC) and Mimedx (MDXG). The Q3 2026 13F is due by November 14, 2026.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
- Vitesse EnergyVTS$6M
- ShimmickSHIM$4M
- Pure CyclePCYO$3M
- KVH IndustriesKVHI$1M
- Lincoln Educational ServicesLINC$202,394
- CompassCOMP$148,663
- CronosCRON$121,558
Added to
- Ategrity Specialty Insurance Company HoldingsASIC$12M
- MimedxMDXG$7M
- OwletOWLT$7M
- Global Indemnity GroupGBLI$6M
- Gold.comGOLD$6M
- Verrica PharmaceuticalsVRCA$5M
- SAN Juan Basin Royalty TrustSJT$4M
- Accelerant HoldingsARX$2M
- Network-1 TechnologiesNTIP$2M
- CheggCHGG$871,901
Trimmed
- SNDLSNDL$12M
- North American Construction GroupNOA$10M
- Ethos TechnologiesLIFE$7M
- Orasure TechnologiesOSUR$6M
- Eton PharmaceuticalsETON$6M
- NPK InternationalNPKI$6M
- Natural Gas ServicesNGS$5M
- Build-A-Bear WorkshopBBW$3M
- Lee EnterprisesLEE$3M
- American Public EducationAPEI$381,646
Sold out
None this quarter.
Holdings
34 US-listed positions in the Q2 2026 13F, largest first.
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| Ategrity Specialty Insurance Company HoldingsASIC | 8.23% | $12M | 490,482 | Added |
| SNDLSNDL | 8.14% | $12M | 8,639,381 | Trimmed |
| North American Construction GroupNOA | 7.28% | $10M | 783,691 | Trimmed |
| Chegg | 5.37% | $8M | 8,126,000 | Held |
| Ethos TechnologiesLIFE | 5.17% | $7M | 408,496 | Trimmed |
| MimedxMDXG | 5.03% | $7M | 1,870,436 | Added |
| OwletOWLT | 4.95% | $7M | 1,234,053 | Added |
| Global Indemnity GroupGBLI | 4.51% | $6M | 257,875 | Added |
| Orasure TechnologiesOSUR | 4.45% | $6M | 1,427,419 | Trimmed |
| Gold.comGOLD | 4.44% | $6M | 152,691 | Added |
| Eton PharmaceuticalsETON | 4.32% | $6M | 170,747 | Trimmed |
| NPK InternationalNPKI | 4.00% | $6M | 359,882 | Trimmed |
| Vitesse EnergyVTS | 3.98% | $6M | 361,693 | New |
| Natural Gas ServicesNGS | 3.69% | $5M | 122,387 | Trimmed |
| Verrica PharmaceuticalsVRCA | 3.35% | $5M | 783,923 | Added |
| ShimmickSHIM | 3.06% | $4M | 957,605 | New |
| SAN Juan Basin Royalty TrustSJT | 2.72% | $4M | 1,212,760 | Added |
| Pure CyclePCYO | 2.35% | $3M | 314,640 | New |
| Build-A-Bear WorkshopBBW | 2.20% | $3M | 103,088 | Trimmed |
| Lee EnterprisesLEE | 2.15% | $3M | 344,349 | Trimmed |
| RootROOT | 2.04% | $3M | 52,331 | Held |
| HippoHIPO | 1.91% | $3M | 96,642 | Held |
| Accelerant HoldingsARX | 1.40% | $2M | 171,080 | Added |
| Network-1 TechnologiesNTIP | 1.31% | $2M | 1,275,213 | Added |
| Donegal Group ADGICA | 1.09% | $2M | 82,939 | Held |
| KVH IndustriesKVHI | 0.80% | $1M | 114,934 | New |
| CheggCHGG | 0.61% | $871,901 | 863,268 | Added |
| Outdoor HoldingPOWW | 0.54% | $767,275 | 336,524 | Added |
| American Public EducationAPEI | 0.27% | $381,646 | 7,107 | Trimmed |
| TheRealRealREAL | 0.19% | $271,630 | 23,039 | Trimmed |
| Stitch FixSFIX | 0.16% | $224,106 | 54,527 | Added |
| Lincoln Educational ServicesLINC | 0.14% | $202,394 | 4,056 | New |
| CompassCOMP | 0.10% | $148,663 | 12,057 | New |
| CronosCRON | 0.09% | $121,558 | 43,726 | New |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does J. Carlo Cannell own?
In the Q2 2026 13F, Cannell Capital reported 34 US stock positions worth $143M. The largest: Ategrity Specialty Insurance Company Holdings (ASIC) 8.2%, SNDL (SNDL) 8.1%, North American Construction Group (NOA) 7.3%, Chegg 5.4%, Ethos Technologies (LIFE) 5.2%.
What did J. Carlo Cannell buy last quarter?
In Q2 2026: new position in Vitesse Energy (VTS); new position in Shimmick (SHIM); new position in Pure Cycle (PCYO); added to Ategrity Specialty Insurance Company Holdings (ASIC); added to Mimedx (MDXG); added to Owlet (OWLT).
What did J. Carlo Cannell sell last quarter?
In Q2 2026: cut SNDL (SNDL); cut North American Construction Group (NOA); cut Ethos Technologies (LIFE).
When is J. Carlo Cannell's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.