Cannell Capital provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles. The firm advises 3 private funds.
Cannell Capital reports 8 clients. They include 6 high-net-worth individuals and 2 pooled investment vehicles. Of its assets, 100.0% ($373M across 11 accounts) are managed with discretion. Of its clients, 10% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 75% | 3% |
| Pooled investment vehicles | 25% | 42% |
| Other | Fewer than 5 | 55% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 6 | $11.8M | 3.2% | $1.96M |
| Pooled investment vehicles | 2 | $156M | 41.9% | $78.2M |
| Other | Fewer than 5 | $205M | 54.9% | — |
| Total | 8 | $373M | 100% | — |
- Clients
- 6
- Regulatory AUM
- $11.8M
- AUM share
- 3.2%
- Avg. per client
- $1.96M
- Clients
- 2
- Regulatory AUM
- $156M
- AUM share
- 41.9%
- Avg. per client
- $78.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $205M
- AUM share
- 54.9%
- Avg. per client
- —
Total
- Clients
- 8
- Regulatory AUM
- $373M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 10%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 3
Cannell Capital is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
James Cannell owns 75% or more of Cannell Capital. The leadership team of Cannell Capital includes President James Cannell and Chief Financial Officer Stephen Wagstaff. It has 4 employees, 2 of them in advisory roles.
Leadership
- James CannellManaging Member of Cannell Capital LLC / President of Pamapanito Corporation Dba Cannell Capital Corporation
- Stephen WagstaffChief Financial Officer of Cannell Capital LLC / Chief Financial Officer of Pampanito Corporation Dba Cannell Capital Corporat
- Stephen WagstaffChief Compliance Officer
Staff
- 4 employees
- 2 in advisory functions
- Owns 75% or more of Cannell Capital LLC
James Cannell
Control person · since August 1996
Cannell Capital’s regulatory assets fell from $632M (March 2021) to $373M (March 2026); clients fell from 18 to 8 and employees from 8 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $373M | 8 | 4 | 2 |
| April 2025 | $528M | 17 | 4 | 2 |
| May 2024 | $852M | 22 | 7 | 2 |
| May 2023 | $799M | 25 | 7 | 2 |
| July 2022 | $893M | 20 | 8 | 2 |
| March 2021 | $632M | 18 | 8 | 2 |
Besides its headquarters, Cannell Capital has 1 office, with 2 listed addresses in California and Wyoming.
California · 1 listed address
- 664 Bridgeway, Sausalito
Wyoming · 1 listed address
- 245 Meriwether Circle, AltaHQ
Other business names
Cannell Capital has reported 1 other business name to the SEC.
- Pampanito Corporation Dba Cannell Capital Corporation (Relying Adviser)
Contact and registration details
- Legal name
- Cannell Capital LLC
- Headquarters
- 245 Meriwether Circle, Alta, WY 83414
- Website
- cannellcapital.com
- Phone
- 307-733-2284
- @cannell-capital-llc
- SEC file
- 801-72618
- Structure
- Wyoming LLC
- Fiscal year end
- December
Cannell Capital uses Charles Schwab ($11.8M) as custodian for its separately managed accounts. Cannell Capital has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $11.8M100%
At year end, Cannell Capital’s separately managed accounts were mostly in stocks (98%). Its reported 13F holdings for the quarter ended 30 June 2026 total $149M across 36 positions; the largest are Ategrity Specialty IN CO HO (7.9%), Sndl Inc. (7.8%) and North Amern Constr Group Ltd (7.0%).
What the accounts hold
- Stocks98%
- Exchange-traded equities97%
- Non-exchange-traded equities1%
- Bonds1%
- Other1%
- Derivatives1%
Reported 13F holdings
- $149M
- Reported 13F value
- 36
- Positions
- 55.3%
- In the 10 largest
- −8.4%
- Value vs. prior quarter
- Ategrity Specialty IN CO HO7.9%
- Sndl Inc.7.8%
- North Amern Constr Group Ltd7.0%
- Chegg Inc. · Note 9/05.2%
- Ethos Technologies Inc. · CL A5.0%
- Mimedx Group Inc.4.8%
- Owlet Inc. · CL A New4.8%
- Global Indemnity Group LLC · Com CL A4.3%
- Orasure Technologies Inc.4.3%
- Gold Com Inc.4.3%
Together, the ten largest are 55.3% of reported value.
How many clients does Cannell Capital have?
Cannell Capital has 8 clients and manages $373 million for them, as of March 2026. They include 6 high-net-worth individuals and 2 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does Cannell Capital offer?
Cannell Capital provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Cannell Capital use?
Cannell Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $11.8M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026
How many financial advisors does Cannell Capital have?
Cannell Capital has 0 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Cannell Capital invest in?
At the end of its last fiscal year, Cannell Capital’s separately managed accounts held 97% exchange-traded equities, 1% non-exchange-traded equities, 1% high-yield corporate bonds and 1% derivatives. It advises 3 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Cannell Capital?
Cannell Capital’s direct owner is James Cannell (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does Cannell Capital get paid?
Cannell Capital is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Cannell Capital registered with the SEC?
Yes, Cannell Capital has been registered with the SEC as an investment adviser since 29 July 2011. Its CRD number is 158371 and its SEC file number is 801-72618.
Source: Form ADV Part 1A, Item 1, filed 20 March 2026; IAPD firm record
How do I contact Cannell Capital?
Cannell Capital’s main office is at 245 Meriwether Circle, Alta, WY 83414. Its phone number is 307-733-2284. Its website is cannellcapital.com.