C&
Cannell & Spears LLC 13F Filings & Institutional Holdings (Q2 2026)
Cannell & Spears LLCCIK: 0001426319
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$5.6B
Reporting period: 2026-06-30 · Number of holdings: 445
Cannell & Spears LLC disclosed 445 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $5.6B and a quarterly turnover rate of 24.1%.
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Personality snowflake
- Concentration
- 6.13
- Portfolio Stability
- 24.06
- Momentum
- 100
- Sector conviction
- 40.98
- Diversification
- 100
- Sizing Uniformity
- 75.85
Cannell & Spears LLC's disclosed holdings carry a Herfindahl concentration index of 0.015 — mathematically equivalent to about 65 equally-sized positions, well below its 445 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.41), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy SNDK
Add MU
+76.3% $79.2M
Trim SHAK
-95.4% -$38.9M
Trim REGN
-47.6% -$30.7M
Add TXN
+65.4% $37.3M
New buy ESAB
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 445 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.57% | -0.03% | -11.04% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 4.30% | -0.46% | -1.15% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 3.71% | +0.10% | -0.50% | |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 3.08% | -0.12% | +1.79% | |
| 5 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.94% | +0.11% | +0.24% | |
| 6 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 2.67% | +0.14% | -13.05% | |
| 7 | CB | Chubb Limited | Stock-Financials | 2.45% | -0.17% | -1.52% | |
| 8 | BN | Brookfield CORP | Stock-Financials | 2.24% | +0.10% | +9.45% | |
| 9 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.21% | +0.17% | -4.16% | |
| 10 | MRP | Millrose Properties | Stock-Real Estate | 1.98% | -0.04% | +0.70% | |
| 11 | FTAI | FTAI Aviation Ltd. | Stock-Industrials | 1.98% | +0.29% | +17.07% | |
| 12 | UNP | Union Pacific CORP | Stock-Industrials | 1.72% | -0.05% | -4.18% | |
| 13 | MU | Micron Technology Inc | Stock-Tech | 1.69% | +1.38% | +76.33% | |
| 14 | ADI | Analog Devices Inc | Stock-Tech | 1.63% | -0.20% | -21.34% | |
| 15 | NVDA | Nvidia CORP | Stock-Tech | 1.63% | +0.01% | -3.46% | |
| 16 | SNDK | Sandisk CORP | Stock-Tech | 1.62% | +1.62% | NEW | |
| 17 | PWR | Quanta Services Inc | Stock-Industrials | 1.39% | +0.07% | -11.42% | |
| 18 | AVGO | Broadcom Inc | Stock-Tech | 1.37% | +0.50% | +42.88% | |
| 19 | BEEX | THE Beehive ETF | ETF-Other | 1.35% | — | +0.94% | |
| 20 | GIL | Gildan Activewear Inc | Stock-Consumer Disc | 1.30% | -0.05% | +13.77% | |
| 21 | MRK | Merck & Co. Inc. | Stock-Healthcare | 1.27% | -0.61% | -30.18% | |
| 22 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 1.23% | -0.32% | +14.25% | |
| 23 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.19% | -0.02% | -1.91% | |
| 24 | ABBV | Abbvie Inc | Stock-Healthcare | 1.15% | +0.09% | +2.93% | |
| 25 | ABT | Abbott Laboratories | Stock-Healthcare | 1.14% | +0.03% | +28.45% | |
| 26 | TXN | Texas Instruments Inc | Stock-Tech | 1.09% | +0.62% | +65.44% | |
| 27 | B | Barrick Mining CORP | Stock-Materials | 1.04% | -0.10% | +11.41% | |
| 28 | WTM | White Mountains Insurance Group, Ltd. | Stock-Financials | 1.02% | -0.19% | -1.61% | |
| 29 | CRH | CRH plc | Stock-Materials | 1.00% | -0.22% | -10.65% | |
| 30 | ORCL | Oracle CORP | Stock-Tech | 0.97% | -0.11% | +0.10% | |
| 31 | DHR | Danaher CORP | Stock-Healthcare | 0.91% | -0.10% | -1.35% | |
| 32 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.86% | +0.01% | +9.02% | |
| 33 | RIVN 3.625 10-15-30Bond | Rivian Auto Inc | Bond | 0.85% | +0.12% | +15.30% | |
| 34 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.84% | -0.16% | -2.20% | |
| 35 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.84% | -0.16% | -1.68% | |
| 36 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.76% | -0.06% | -1.18% | |
| 37 | LH | Labcorp Holdings Inc | Stock-Healthcare | 0.75% | -0.04% | -0.99% | |
| 38 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.72% | +0.04% | -4.06% | |
| 39 | AMCR | Amcor plc | Stock-Consumer Disc | 0.69% | +0.28% | +68.95% | |
| 40 | FNV | Franco-nevada CORP | Stock-Materials | 0.67% | -0.19% | +1.56% | |
| 41 | ILMN | Illumina Inc | Stock-Healthcare | 0.66% | +0.13% | -4.00% | |
| 42 | NVT | nVent Electric plc | Stock-Industrials | 0.64% | +0.06% | -15.04% | |
| 43 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.63% | -0.08% | -2.03% | |
| 44 | ESAB | Esab CORP | Stock-Industrials | 0.62% | +0.62% | NEW | |
| 45 | CVX | Chevron CORP | Stock-Energy | 0.62% | -0.23% | +0.06% | |
| 46 | AON | Aon plc | Stock-Financials | 0.61% | -0.09% | -6.49% | |
| 47 | FDX | Fedex CORP | Stock-Industrials | 0.57% | -0.16% | -2.25% | |
| 48 | MDLZ | Mondelez International Inc-a | Stock-Consumer Staples | 0.57% | -0.08% | -3.84% | |
| 49 | HD | Home Depot Inc | Stock-Consumer Disc | 0.55% | -0.02% | +0.20% | |
| 50 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 0.55% | +0.45% | +606.77% |
1–50 of 200
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+1.9%
Performance Last 4 Quarters
+18.1%
- Stdev
- +12.8%
- Beta
- +0.91
- Alpha
- -3.7%
- Max Drawdown
- -9.9%
- Annualized Perf
- +14.5%
- Batting Avg vs S&P
- +36.1%
- Sortino
- +1.95
- Stutzer
- +0.33
- Treynor
- +0.16
- Sterling
- +0.85
- Calmar
- +1.46
- Information Ratio
- -1.05
- Tracking Error
- +5.3%
- Stdev Down
- +7.4%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +32.3%
- Worst 12 Months
- +0.2%
- Efficiency Ratio
- +0.43
- Sharpe
- +1.12
- Stdev Sectors
- +6.4%
- Skewness
- -0.23
- Kurtosis
- +0.02
- Upside Potential
- +3.58
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 445 | $5.6B | 24 | ||
| 2026 Q1 | 420 | $5.1B | 22 | ||
| 2025 Q4 | 411 | $5.3B | 25 | ||
| 2025 Q3 | 400 | $5.3B | 43 | ||
| 2025 Q2 | 393 | $5.0B | 0 | ||
| 2025 Q1 | 390 | $4.6B | 100 | ||
| 2024 Q4 | 391 | $4.9B | 0 | ||
| 2024 Q3 | 401 | $5.1B | 0 | ||
| 2024 Q2 | 375 | $4.8B | 0 | ||
| 2024 Q1 | 383 | $4.8B | 0 | ||
| 2023 Q4 | 214 | $1.3B | 0 | ||
| 2023 Q3 | 205 | $1.2B | 0 | ||
| 2023 Q2 | 223 | $1.2B | 0 | ||
| 2023 Q1 | 215 | $1.1B | 0 | ||
| 2022 Q4 | 224 | $1.0B | 0 | ||
| 2022 Q3 | 192 | $1.0B | 0 | ||
| 2022 Q2 | 210 | $1.1B | 0 | ||
| 2022 Q1 | 226 | $1.3B | 0 | ||
| 2021 Q4 | 226 | $1.5B | 0 | ||
| 2021 Q3 | 241 | $1.4B | 0 | ||
| 2021 Q2 | 243 | $1.4B | 96 | ||
| 2021 Q1 | 228 | $1.3B | 20 | ||
| 2020 Q4 | 233 | $1.2B | 25 | ||
| 2020 Q3 | 232 | $1.0B | 40 | ||
| 2020 Q2 | 226 | $950.9M | 30 | ||
| 2020 Q1 | 218 | $817.4M | 50 | ||
| 2019 Q4 | 185 | $935.0M | 28 | ||
| 2019 Q3 | 180 | $862.3M | 39 | ||
| 2019 Q2 | 178 | $851.4M | 13 | ||
| 2019 Q1 | 172 | $783.9M | 81 | ||
| 2018 Q4 | 161 | $681.5M | 24 | ||
| 2018 Q3 | 178 | $837.0M | 21 | ||
| 2018 Q2 | 174 | $770.3M | 8 | ||
| 2018 Q1 | 174 | $768.8M | 15 | ||
| 2017 Q4 | 180 | $821.2M | 76 | ||
| 2017 Q3 | 153 | $835.9M | 13 | ||
| 2017 Q2 | 145 | $804.7M | 81 | 1h1467j220030n368389x | |
| 2017 Q1 | 132 | $791.3M | 12 | ||
| 2016 Q4 | 132 | $778.7M | 11 | ||
| 2016 Q3 | 127 | $794.7M | 18 | ||
| 2016 Q2 | 124 | $788.5M | 10 | ||
| 2016 Q1 | 124 | $819.3M | 34 | ||
| 2015 Q4 | 120 | $874.1M | 26 | ||
| 2015 Q3 | 132 | $874.9M | 19 | ||
| 2015 Q2 | 143 | $903.3M | 17 | ||
| 2015 Q1 | 136 | $835.4M | 19 | ||
| 2014 Q4 | 143 | $901.0M | 23 | ||
| 2014 Q3 | 135 | $836.5M | 12 | ||
| 2014 Q2 | 140 | $846.4M | 35 | ||
| 2014 Q1 | 118 | $795.7M | 13 | ||
| 2013 Q4 | 123 | $801.0M | 15 | ||
| 2013 Q3 | 123 | $767.6M | 27 | ||
| 2013 Q2 | 98 | $678.7M | 0 |
Holding changes this quarter
Cannell & Spears LLC's most significant position changes for 2026-06-30: New buy: Sandisk CORP (SNDK); New buy: Esab CORP (ESAB); Sold out: Honeywell International Inc (HON); New buy: Western Digital CORP (WDC); New buy: Microchip Technology Inc (MCHP).
Showing top 200 changes by size (of 468 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SNDK | Sandisk CORP | +1.6% | NEW | New buy |
| 2 | MU | Micron Technology Inc | +1.4% | +76.33% | Add |
| 3 | TXN | Texas Instruments Inc | +0.6% | +65.44% | Add |
| 4 | ESAB | Esab CORP | +0.6% | NEW | New buy |
| 5 | AVGO | Broadcom Inc | +0.5% | +42.88% | Add |
| 6 | WDC | Western Digital CORP | +0.5% | NEW | New buy |
| 7 | MCHP | Microchip Technology Inc | +0.5% | NEW | New buy |
| 8 | WPM | Wheaton Precious Metals CORP | +0.5% | +606.77% | Add |
| 9 | INTC | Intel CORP | +0.3% | -7.90% | Trim |
| 10 | VSH | Vishay Intertechnology Inc | +0.3% | NEW | New buy |
| 11 | FTAI | FTAI Aviation Ltd. | +0.3% | +17.07% | Add |
| 12 | AMCR | Amcor plc | +0.3% | +68.95% | Add |
| 13 | ✓ | +0.2% | NEW | New buy | |
| 14 | ✓ | +0.2% | NEW | New buy | |
| 15 | GOOGL | Alphabet Inc-cl A | +0.2% | -4.16% | Trim |
| 16 | AMT | American Tower CORP | +0.2% | NEW | New buy |
| 17 | VRT | Vertiv Holdings Co-a | +0.1% | -13.05% | Trim |
| 18 | GLW | Corning Inc | +0.1% | -0.00% | Trim |
| 19 | ✓ | +0.1% | NEW | New buy | |
| 20 | ILMN | Illumina Inc | +0.1% | -4.00% | Trim |
| 21 | EQT | Eqt CORP | +0.1% | +477.43% | Add |
| 22 | RIVN 3.625 10-15-30Bond | Rivian Auto Inc | +0.1% | +15.30% | Add |
| 23 | TKR | Timken Co | +0.1% | NEW | New buy |
| 24 | SIRI | Sirius Xm Holdings Inc | +0.1% | NEW | New buy |
| 25 | AMZN | Amazon.com Inc | +0.1% | +0.24% | Add |
| 26 | BUG | Global X Cybersecurity ETF | +0.1% | NEW | New buy |
| 27 | BEN | Franklin Resources Inc | +0.1% | NEW | New buy |
| 28 | AAPL | Apple Inc | +0.1% | -0.50% | Trim |
| 29 | BN | Brookfield CORP | +0.1% | +9.45% | Add |
| 30 | BEPC | Brookfield Renewable CORP | +0.1% | +106.87% | Add |
| 31 | SYNA | Synaptics Inc | +0.1% | NEW | New buy |
| 32 | ABBV | Abbvie Inc | +0.1% | +2.93% | Add |
| 33 | AXSM | Axsome Therapeutics Inc | +0.1% | — | Unchanged |
| 34 | CAT | Caterpillar Inc | +0.1% | -1.81% | Trim |
| 35 | ✓ | +0.1% | NEW | New buy | |
| 36 | STUB | Stubhub Holdings Inc-class A | +0.1% | NEW | New buy |
| 37 | VMI | Valmont Industries | +0.1% | +90.85% | Add |
| 38 | PWR | Quanta Services Inc | +0.1% | -11.42% | Trim |
| 39 | NVT | nVent Electric plc | +0.1% | -15.04% | Trim |
| 40 | CSCO | Cisco Systems Inc | +0.1% | +0.30% | Add |
| 41 | NEE | Nextera Energy Inc | +0.1% | +203.52% | Add |
| 42 | SYY | Sysco CORP | +0.1% | +6.21% | Add |
| 43 | SPOT | Spotify Technology S.A. | +0.1% | NEW | New buy |
| 44 | BNY | Bank Of New York Mellon CORP | 0% | -4.06% | Trim |
| 45 | ELV | Elevance Health Inc | 0% | +10.52% | Add |
| 46 | KN | Knowles CORP | 0% | -1.45% | Trim |
| 47 | ABT | Abbott Laboratories | 0% | +28.45% | Add |
| 48 | LEN | Lennar Corp-a | 0% | +13.38% | Add |
| 49 | CMC | Commercial Metals Co | 0% | +40.20% | Add |
| 50 | VOO | Vanguard S&p 500 ETF | 0% | +0.96% | Add |
1–50 of 200
Filing History
FAQ
What is Cannell & Spears LLC and what type of investor is it?
Cannell & Spears LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $5.6B, spread across 445 disclosed positions.
What are Cannell & Spears LLC's largest equity positions?
Based on the latest 13F filing, Cannell & Spears LLC's top holdings by market value are:
1. Alphabet Inc-cl C (GOOG) — $257.0M (4.6%)
2. Microsoft CORP (MSFT) — $242.0M (4.3%)
3. Apple Inc (AAPL) — $208.9M (3.7%)
4. Berkshire Hathaway Inc-cl B (BRK-B) — $173.3M (3.1%)
5. Amazon.com Inc (AMZN) — $165.4M (2.9%)
What changes did Cannell & Spears LLC make in its most recent portfolio filing?
In the latest reported quarter, Cannell & Spears LLC made 186 notable position adjustments: 25 new positions were initiated, 50 existing holdings were added to, 101 positions were partially reduced, and 10 were completely exited. The largest of these moves: New buy: Sandisk CORP (SNDK); New buy: Esab CORP (ESAB); Sold out: Honeywell International Inc (HON); New buy: Western Digital CORP (WDC); New buy: Microchip Technology Inc (MCHP)
What sectors does Cannell & Spears LLC focus on?
Cannell & Spears LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 23.8%
• Industrials: 15.0%
• Financials: 12.4%
• Consumer Discretionary: 11.0%
• Health Care: 10.8%
• Communication Services: 9.5%
Investment Profile
Cannell & Spears LLC returned an annualized 14.5% over the trailing 36 months — underperforming the S&P 500 by 3.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.91 (roughly in line with the market) and a 36% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 24 over the past 4 quarters — a shift toward more active trading.
It has added to its MU position over the past two quarters (+$93.6M, now $94.9M), while trimming MSFT over the same stretch (-$119.4M, still holding $242.0M).
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Developer Access
Access Cannell & Spears LLC's institutional profile programmatically:
REST API
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