Cannell & Spears LLC

CIK 0001426319 · Q2 2026

13F Equity AUM

$5.6B

+10.3% QoQ

Positions

445

+25 QoQ

AUM Rank

#777

Top 9%

Skill Alpha (FF)

-0.4%/yr^ns

No Clear Edge

Rank #3,264 · Top 39%

vs S&P -1.3%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 18.6%Top 10: 30.1%Top 20: 45.8%

GOOG4.6%

MSFT4.3%

AAPL3.7%

BRK/B3.1%

AMZN2.9%

VRT2.7%

CB2.5%

BN2.2%

GOOGL2.2%

MRP2.0%

Others (435)69.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology21.8%

Financial Services16.3%

Industrials13.7%

Healthcare9.7%

Communication Services8.6%

Consumer Cyclical8.3%

Basic Materials7.7%

Consumer Defensive3.5%

Other10.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 445Median: 0.02%Avg: 0.22%

0–0.5%

388(25.5%)

0.5–1%

28(18.5%)

1–3%

25(40.3%)

3–5%

4(15.7%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 445vs 20 funds

0%Low

445

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New48Increased90Decreased196Exited23

New Positions

SNDK1.6%

+40K

ESAB0.6%

+354K

WDC0.5%

+42K

MCHP0.5%

+291K

VSH0.3%

+327K

HONEYWELL INTL INC0.2%

+60K

HONEYWELL AEROSPACE …0.2%

+59K

AMT0.1%

+51K

FEDEX FGHT HLDG CO I…0.1%

+51K

SIRI0.1%

+226K

Increased

RIVN 3.625 10/15/300.8%

+6.0M(+15%)

AMCOR PLC0.7%

+365K(+69%)

BN2.2%

+255K(+9%)

AGI0.5%

+252K(+36%)

WPM0.6%

+235K(+607%)

BEPC0.2%

+188K(+107%)

GIL1.3%

+171K(+14%)

B1.0%

+163K(+11%)

ABT1.1%

+157K(+28%)

EQT0.2%

+149K(+477%)

Decreased

RKT0.0%

-985,910(-92%)

CSTM0.2%

-492,325(-54%)

SHAK0.0%

-431,844(-95%)

MRK1.3%

-240,891(-30%)

RIVN0.0%

-187,789(-95%)

FIS0.3%

-102,842(-19%)

TRP0.0%

-90,475(-94%)

GOOG4.6%

-90,236(-11%)

CHKP0.0%

-77,737(-92%)

BORR0.0%

-73,500(-66%)

Exited

-119,507

-53,502

-75,935

-135,985

-23,510

-777,600

-3,510

-6,034

-1,870

-35,808

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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