C&

Cannell & Spears LLC

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$5.1B

Reporting period: 2026-03-31 · Number of holdings: 420

Cannell & Spears LLC disclosed 420 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.1B and a quarterly turnover rate of 21.6%.

Personality snowflake

Concentration
6.27
Portfolio Stability
21.58
Momentum/Contrarian
100
Sector conviction
37.83
Diversification
100
Sizing Uniformity
76.35

Recent moves

  • Trim MSFT

    -12.2%　-$118.5M

  • Add MRK

    +130.7%　$59.6M

  • Add VRT

    -13.9%　$32.2M

  • Add FTAI

    +22.7%　$29.7M

  • Trim ORCL

    -16.7%　-$32.5M

  • Trim AVGO

    -30.3%　-$26.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1MSFTMicrosoft CORPStock-Tech4.76%-2.00%-12.18%
2GOOGAlphabet Inc-cl CStock-Comm Services4.60%-0.41%-4.15%
3AAPLApple INCStock-Tech3.61%-0.17%-2.48%
4BRK-BBerkshire Hathaway Inc-cl BStock-Other3.20%+0.01%+0.21%
5AMZNAmazon.com INCStock-Consumer Disc2.83%-0.16%-0.04%
6CBChubb LimitedStock-Financials2.62%—-6.92%
7VRTVertiv Holdings Co-aStock-Industrials2.53%+0.72%-13.85%
8BNBrookfield CORPStock-Financials2.14%-0.14%+1.61%
9GOOGLAlphabet Inc-cl AStock-Comm Services2.04%-0.25%-7.35%
10MRPMillrose PropertiesStock-Real Estate2.02%—+1.37%
11MRKMerck & Co. INC.Stock-Healthcare1.88%+1.20%+130.74%
12ADIAnalog Devices INCStock-Tech1.83%—-15.57%
13UNPUnion Pacific CORPStock-Industrials1.77%+0.24%+5.05%
14FTAIFTAI Aviation Ltd.Stock-Industrials1.69%+0.64%+22.75%
15NVDANvidia CORPStock-Tech1.62%+0.29%+24.44%
16AEMAgnico Eagle Mines LTDStock-Materials1.55%-0.06%-23.56%
17GILGildan Activewear INCStock-Consumer Disc1.35%—+4.69%
18BEEXTHE Beehive ETFETF-Other1.35%—+0.53%
19PWRQuanta Services INCStock-Industrials1.32%+0.34%-1.16%
20CRHCRH plcStock-Materials1.22%-0.42%-16.12%
21WTMWhite Mountains Insurance Group, Ltd.Stock-Financials1.21%—-0.31%
22JPMJpmorgan Chase & CoStock-Financials1.21%-0.10%-4.01%
23BBarrick Mining CORPStock-Materials1.14%—+2.20%
24ABTAbbott LaboratoriesStock-Healthcare1.11%-0.21%-2.44%
25ORCLOracle CORPStock-Tech1.08%-0.55%-16.72%
26ABBVAbbvie INCStock-Healthcare1.06%-0.09%-7.77%
27REGNRegeneron PharmaceuticalsStock-Healthcare1.04%-0.25%-22.91%
28DHRDanaher CORPStock-Healthcare1.01%-0.09%+6.41%
29TJXTjx Companies INCStock-Consumer Disc1.00%—-1.00%
30COSTCostco Wholesale CORPStock-Consumer Staples1.00%+0.17%-0.59%
31MLMMartin Marietta MaterialsStock-Materials0.94%+0.33%+54.16%
32AVGOBroadcom INCStock-Tech0.87%-0.46%-30.31%
33FNVFranco-nevada CORPStock-Materials0.86%+0.17%+0.61%
34TMOThermo Fisher Scientific INCStock-Healthcare0.85%-0.12%-0.74%
35CVXChevron CORPStock-Energy0.85%+0.24%-1.85%
36ICEIntercontinental Exchange InStock-Financials0.85%—-5.82%
37JNJJohnson & JohnsonStock-Healthcare0.82%—-5.67%
38LHLabcorp Holdings INCStock-Healthcare0.79%—-4.43%
39SHAKShake Shack INC - Class AStock-Consumer Disc0.79%+0.25%+27.43%
40RIVN 3.625 10-15-30Rivian Auto INCStock-Consumer Disc0.73%+0.18%+49.26%
41FDXFedex CORPStock-Industrials0.73%—-7.97%
42DISWalt Disney Co/theStock-Comm Services0.71%—+1.74%
43AONAon plcStock-Financials0.70%—-0.85%
44BNYBank Of New York Mellon CORPStock-Financials0.68%—-6.50%
45LMTLockheed Martin CORPStock-Industrials0.68%+0.16%-1.16%
46MDLZMondelez International Inc-aStock-Consumer Staples0.65%—-1.50%
47AGIAlamos Gold Inc-class AStock-Materials0.61%+0.13%+6.75%
48PLDPrologis INCStock-Real Estate0.61%-0.09%-20.33%
49BRK-ABerkshire Hathaway Inc-cl AStock-Other0.59%——
50NVTnVent Electric plcStock-Industrials0.58%—-0.15%
1–50 of 420

Holding changes this quarter

Cannell & Spears LLC's most significant position changes for 2026-03-31: New buy: Amcor plc (AMCR); Sold out: Amcor plc (AMCR); New buy: Oceaneering Intl INC (OII); Trim: Microsoft CORP (MSFT) — shares -12.18%; Add: Merck & Co. INC. (MRK) — shares +130.74%.

Position changes disclosed by Cannell & Spears LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1MRKMerck & Co. INC.+1.2%+130.74%Add
2VRTVertiv Holdings Co-a+0.7%-13.85%Trim
3FTAIFTAI Aviation Ltd.+0.6%+22.75%Add
4LINLinde plc+0.4%+2301.16%Add
5PWRQuanta Services INC+0.3%-1.16%Trim
6MLMMartin Marietta Materials+0.3%+54.16%Add
7MUMicron Technology INC+0.3%+914.60%Add
8NVDANvidia CORP+0.3%+24.44%Add
9RKTRocket Cos Inc-class A+0.3%+1109.97%Add
10SHAKShake Shack INC - Class A+0.3%+27.43%Add
11CVXChevron CORP+0.2%-1.85%Trim
12UNPUnion Pacific CORP+0.2%+5.05%Add
13RIVN 3.625 10-15-30Rivian Auto INC+0.2%+49.26%Add
14TXNTexas Instruments INC+0.2%+33.64%Add
15FNVFranco-nevada CORP+0.2%+0.61%Add
16COSTCostco Wholesale CORP+0.2%-0.59%Trim
17LMTLockheed Martin CORP+0.2%-1.16%Trim
18XOMExxon Mobil CORP+0.1%-7.70%Trim
19AGIAlamos Gold Inc-class A+0.1%+6.75%Add
20BRK-BBerkshire Hathaway Inc-cl B0%+0.21%Add
21AEMAgnico Eagle Mines LTD-0.1%-23.56%Trim
22ABBVAbbvie INC-0.1%-7.77%Trim
23DHRDanaher CORP-0.1%+6.41%Add
24PLDPrologis INC-0.1%-20.33%Trim
25JPMJpmorgan Chase & Co-0.1%-4.01%Trim
26TMOThermo Fisher Scientific INC-0.1%-0.74%Trim
27LENLennar Corp-a-0.1%-16.78%Trim
28ALAir Lease CORP-0.1%-95.22%Trim
29BNBrookfield CORP-0.1%+1.61%Add
30GMGeneral Motors Co-0.1%-77.59%Trim
31AMZNAmazon.com INC-0.2%-0.04%Trim
32AAPLApple INC-0.2%-2.48%Trim
33XYLXylem INC-0.2%-38.20%Trim
34ABTAbbott Laboratories-0.2%-2.44%Trim
35NOWServicenow INC-0.2%-36.67%Trim
36UBERUber Technologies INC-0.2%-88.88%Trim
37ELFElf Beauty INC-0.2%-77.95%Trim
38GOOGLAlphabet Inc-cl A-0.3%-7.35%Trim
39REGNRegeneron Pharmaceuticals-0.3%-22.91%Trim
40BEPCBrookfield Renewable CORP-0.3%-68.67%Trim
41FISFidelity National Info Serv-0.3%-19.80%Trim
42EQTEqt CORP-0.3%-91.75%Trim
43GOOGAlphabet Inc-cl C-0.4%-4.15%Trim
44CRHCRH plc-0.4%-16.12%Trim
45AVGOBroadcom INC-0.5%-30.31%Trim
46ORCLOracle CORP-0.6%-16.72%Trim
47MSFTMicrosoft CORP-2%-12.18%Trim
48AMCRAmcor plc—NEWNew buy
49AMCRAmcor plc—EXITSold out
50OIIOceaneering Intl INC—NEWNew buy

FAQ

What is Cannell & Spears LLC and what type of investor is it?
Cannell & Spears LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $5.1B, spread across 420 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. Microsoft CORP (MSFT) — $242.9M (4.8%) 2. Alphabet Inc-cl C (GOOG) — $234.6M (4.6%) 3. Apple INC (AAPL) — $184.1M (3.6%) 4. Berkshire Hathaway Inc-cl B (BRK-B) — $163.0M (3.2%) 5. Amazon.com INC (AMZN) — $144.2M (2.8%)
What changes did Cannell & Spears LLC make in its most recent portfolio filing?
In the latest reported quarter, Cannell & Spears LLC made 50 notable position adjustments: 2 new positions were initiated, 16 existing holdings were added to, 31 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Amcor plc (AMCR); Sold out: Amcor plc (AMCR); New buy: Oceaneering Intl INC (OII); Trim: Microsoft CORP (MSFT) — shares -12.18%; Add: Merck & Co. INC. (MRK) — shares +130.74%
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: 18.1% • Financials: 16.4% • Industrials: 14.0% • Health Care: 11.7% • Consumer Discretionary: 11.7% • Communication Services: 9.1%