Institution

Cannell & Spears LLC

13F for the quarter to June 30, 2026, filed August 11, 2026 · SEC CIK 1426319

Reported value: $5.6bn
Positions we cover: 361
Copy, a year: +11.1%
Copy Sharpe ratio: 0.55

How copying its 13F would have done

CopyS&P 500 $10,000 copying Cannell & Spears LLC's filed holdings in companies we cover from November 20, 2020, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −23.2% (S&P 500 −23.9%); beta 0.91; alpha −2.5% a year (t = −1.26); last 12 months +9.7% against +12.1%.

Reported value by quarter

Cannell & Spears LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2020-09-30	$1B
2020-12-31	$1.2B
2021-03-31	$1.3B
2021-06-30	$1.4B
2021-09-30	$1.4B
2021-12-31	$1.5B
2022-03-31	$1.3B
2022-06-30	$1.1B
2022-09-30	$1B
2022-12-31	$1T
2023-03-31	$1.1B
2023-06-30	$1.2B
2023-09-30	$1.2B
2023-12-31	$1.3B
2024-03-31	$4.8B
2024-06-30	$4.8B
2024-09-30	$5.1B
2024-12-31	$4.9B
2025-03-31	$4.6B
2025-06-30	$5B
2025-09-30	$5.3B
2025-12-31	$5.3B
2026-03-31	$5.1B
2026-06-30	$5.6B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
MSFTMicrosoft Corporation	4.34%	$242.0m	648.6K	−1.1% Reduced
AAPLApple Inc.	3.75%	$208.9m	721.8K	−0.5% Reduced
AMZNAmazon	2.97%	$165.4m	693.8K	+0.2%
VRTVertiv	2.69%	$150.0m	447.9K	−13.0% Reduced
CBChubb Limited	2.47%	$137.8m	404.4K	−1.5% Reduced
GOOGLAlphabet Inc. (Class A)	2.23%	$124.0m	347.1K	−4.2% Reduced
MRPMillrose Properties, Inc.	2.00%	$111.3m	3.70M	+0.7% Added
FTAIFTAI Aviation Ltd.	1.99%	$111.2m	411.1K	+17.1% Added
UNPUnion Pacific Corporation	1.74%	$96.8m	356.1K	−4.2% Reduced
MUMicron Technology	1.70%	$94.9m	82.2K	+76.3% Added
ADIAnalog Devices	1.64%	$91.6m	230.7K	−21.3% Reduced
NVDANVIDIA Corporation	1.64%	$91.5m	457.2K	−3.5% Reduced
SNDKSandisk	1.63%	$90.9m	40.0K	New
PWRQuanta Services	1.40%	$78.0m	108.3K	−11.4% Reduced
AVGOBroadcom	1.39%	$77.3m	204.6K	+42.9% Added
GILGildan Activewear Inc.	1.31%	$72.9m	1.41M	+13.8% Added
MRKMerck & Co.	1.28%	$71.6m	557.3K	−30.2% Reduced
AEMAgnico Eagle Mines LTD	1.24%	$69.0m	444.6K	+14.3% Added
JPMJPMorgan Chase	1.21%	$67.2m	205.2K	−1.9% Reduced
ABBVAbbVie	1.16%	$64.4m	256.0K	+2.9% Added
ABTAbbott Laboratories	1.15%	$64.2m	707.0K	+28.5% Added
TXNTexas Instruments	1.10%	$61.5m	206.4K	+65.4% Added
BBarrick Mining Corp	1.05%	$58.4m	1.59M	+11.4% Added
WTMWhite Mountains Insurance Group LTD	1.02%	$57.2m	27.6K	−1.6% Reduced
CRHCRH plc	1.01%	$56.5m	528.0K	−10.7% Reduced
ORCLOracle Corporation	0.98%	$54.8m	373.7K	+0.1%
DHRDanaher Corporation	0.92%	$51.2m	268.8K	−1.4% Reduced
TMOThermo Fisher Scientific	0.87%	$48.4m	96.5K	+9.0% Added
TJXTJX Companies	0.85%	$47.4m	312.6K	−2.2% Reduced
COSTCostco	0.84%	$47.1m	50.3K	−1.7% Reduced
JNJJohnson & Johnson	0.77%	$43.0m	169.4K	−1.2% Reduced
LHLabcorp	0.75%	$42.0m	150.0K	−1.0% Reduced
BNYBNY Mellon	0.73%	$40.5m	279.9K	−4.1% Reduced
AMCRAmcor	0.69%	$38.7m	893.8K	+69.0% Added
FNVFranco Nevada Corp	0.68%	$37.7m	180.7K	+1.6% Added
ILMNIllumina, Inc.	0.66%	$36.9m	210.0K	−4.0% Reduced
NVTnVent Electric plc	0.64%	$35.8m	211.2K	−15.0% Reduced
DISThe Walt Disney Company	0.64%	$35.6m	369.4K	−2.0% Reduced
ESABESAB Corp	0.63%	$34.9m	354.0K	New
CVXChevron Corporation	0.63%	$34.8m	210.1K	+0.1%
AONAon plc	0.61%	$34.1m	102.8K	−6.5% Reduced
FDXFedEx	0.57%	$32.0m	102.1K	−2.3% Reduced
MDLZMondelez International	0.57%	$32.0m	552.6K	−3.8% Reduced
HDThe Home Depot	0.56%	$31.2m	88.4K	+0.2%
WPMWheaton Precious Metals Corp.	0.55%	$30.8m	273.8K	+606.8% Added
ICEIntercontinental Exchange	0.54%	$30.2m	245.4K	−10.5% Reduced
MLMMartin Marietta Materials	0.54%	$30.1m	52.1K	−35.8% Reduced
AGIAlamos Gold Inc	0.52%	$29.0m	956.5K	+35.8% Added
CLColgate-Palmolive	0.52%	$28.8m	314.2K	−1.5% Reduced
LMTLockheed Martin	0.51%	$28.7m	56.2K	−1.7% Reduced
INTCIntel	0.51%	$28.5m	204.0K	−7.9% Reduced
PLDPrologis	0.49%	$27.5m	202.7K	−13.8% Reduced
WDCWestern Digital	0.48%	$26.8m	42.0K	New
MCHPMicrochip Technology Inc	0.48%	$26.6m	291.3K	New
LOWLowe's	0.47%	$26.3m	119.4K	+1.3% Added
RTXRTX Corporation	0.43%	$23.7m	125.1K	−2.3% Reduced
SYYSysco	0.42%	$23.7m	283.0K	+6.2% Added
KOThe Coca-Cola Company	0.42%	$23.5m	288.8K	−0.8% Reduced
APDAir Products	0.41%	$22.8m	77.7K	−2.4% Reduced
REGNRegeneron Pharmaceuticals	0.40%	$22.5m	36.1K	−47.6% Reduced
ITWIllinois Tool Works	0.40%	$22.4m	82.7K	−0.2%
CCKCrown Holdings, Inc.	0.40%	$22.0m	197.0K	−6.7% Reduced
QSRRestaurant Brands International Inc.	0.37%	$20.7m	284.9K	−7.1% Reduced
AXSMAxsome Therapeutics, Inc.	0.37%	$20.6m	84.2K	0.0%
LINLinde plc	0.37%	$20.6m	39.6K	+0.7% Added
FCNCAFirst Citizens Bancshares Inc	0.36%	$19.9m	9.6K	−13.7% Reduced
CATCaterpillar Inc.	0.35%	$19.7m	18.5K	−1.8% Reduced
LENLennar	0.34%	$19.0m	209.7K	+13.4% Added
GLWCorning Inc.	0.33%	$18.6m	72.8K	0.0%
ADPAutomatic Data Processing	0.33%	$18.2m	81.2K	−0.4%
VSHVishay Intertechnology Inc	0.32%	$17.6m	327.0K	New
FISFidelity National Information Services	0.31%	$17.0m	438.2K	−19.0% Reduced
PKGPackaging Corporation of America	0.29%	$16.4m	68.9K	−9.9% Reduced
PEPPepsiCo	0.29%	$16.3m	120.3K	−5.8% Reduced
TTWOTake TWO Interactive Software Inc	0.29%	$16.0m	63.9K	−19.8% Reduced
CMCSAComcast	0.28%	$15.4m	628.2K	−5.6% Reduced
HCAHCA Healthcare	0.28%	$15.4m	39.4K	−2.1% Reduced
XYLXylem Inc.	0.27%	$15.0m	127.0K	+8.2% Added
NEMNewmont	0.26%	$14.7m	157.8K	+0.5%
BMYBristol Myers Squibb	0.24%	$13.6m	236.7K	−2.4% Reduced
HONHoneywell Technologies	0.24%	$13.4m	59.7K	New
CSTMConstellium SE	0.24%	$13.3m	416.9K	−54.1% Reduced
HONAHoneywell Aerospace	0.23%	$13.1m	59.4K	New
RGLDRoyal Gold Inc	0.23%	$13.1m	65.4K	0.0%
CSCOCisco	0.23%	$12.6m	107.1K	+0.3%
AFLAflac	0.22%	$12.1m	102.8K	−1.8% Reduced
CPCanadian Pacific Kansas City LTD	0.20%	$11.3m	130.8K	−1.2% Reduced
FNFFidelity National Financial, Inc.	0.18%	$10.1m	214.2K	−12.0% Reduced
ELVElevance Health	0.18%	$10.1m	26.1K	+10.5% Added
EQTEQT Corporation	0.17%	$9.6m	180.5K	+477.4% Added
NYTNEW York Times Co	0.17%	$9.5m	136.3K	0.0%
DEDeere & Company	0.17%	$9.5m	15.0K	−1.6% Reduced
PGProcter & Gamble	0.16%	$8.8m	59.8K	−9.0% Reduced
IBMIBM	0.15%	$8.7m	30.8K	−1.0% Reduced
GEGE Aerospace	0.15%	$8.5m	22.8K	−8.3% Reduced
AMTAmerican Tower	0.15%	$8.4m	51.5K	New
DOVDover Corporation	0.15%	$8.2m	36.4K	0.0%
BALLBall Corporation	0.14%	$8.1m	129.6K	−15.1% Reduced
VVisa Inc.	0.14%	$8.0m	23.3K	−2.2% Reduced
DHID. R. Horton	0.14%	$7.8m	48.0K	−2.4% Reduced
OROR Royalties Inc.	0.14%	$7.7m	243.5K	0.0%
FDXFFedEx Freight	0.14%	$7.7m	50.8K	New
SIISprott Inc.	0.13%	$7.4m	66.3K	−2.6% Reduced
TOLToll Brothers, Inc.	0.13%	$7.4m	45.1K	+0.6% Added
VMIValmont Industries Inc	0.13%	$7.2m	12.4K	+90.8% Added
ENSEnersys	0.13%	$7.0m	29.7K	−19.8% Reduced
TKRTimken Co	0.12%	$6.9m	47.7K	New
APTVAptiv	0.12%	$6.8m	111.2K	−11.2% Reduced
KNKnowles Corp	0.12%	$6.8m	164.5K	−1.5% Reduced
PAASPAN American Silver Corp	0.12%	$6.8m	150.8K	0.0%
MAMastercard	0.12%	$6.7m	13.0K	−0.3%
SIRISirius XM Holdings Inc.	0.12%	$6.7m	226.0K	New
TRVThe Travelers Companies	0.11%	$6.2m	18.9K	−1.1% Reduced
GBFHGbank Financial Holdings Inc.	0.11%	$6.1m	202.1K	0.0%
AAMIAcadian Asset Management Inc.	0.11%	$6.0m	84.3K	−0.2%
GVAGranite Construction Inc	0.11%	$6.0m	38.0K	−1.4% Reduced
GSGoldman Sachs	0.11%	$6.0m	5.9K	−1.6% Reduced
BENFranklin Resources	0.11%	$5.9m	178.0K	New
EMREmerson Electric	0.11%	$5.9m	41.4K	−0.5% Reduced
NOWServiceNow	0.10%	$5.8m	58.0K	−31.5% Reduced
NEENextEra Energy	0.10%	$5.7m	65.3K	+203.5% Added
PFEPfizer	0.10%	$5.7m	236.2K	−4.8% Reduced
TXTTextron	0.10%	$5.6m	61.2K	+5.7% Added
METAMeta Platforms	0.10%	$5.5m	9.8K	−4.7% Reduced
SYNASynaptics Inc	0.10%	$5.5m	44.3K	New
CMCCommercial Metals Co	0.10%	$5.4m	86.0K	+40.2% Added
HMHHMH Holding Inc	0.09%	$5.2m	277.2K	New
STUBStubhub Holdings, Inc.	0.09%	$5.2m	402.2K	New
PMPhilip Morris International	0.09%	$5.0m	27.6K	−6.6% Reduced
MKLMarkel Group Inc.	0.09%	$5.0m	2.5K	+18.5% Added
CCitigroup	0.09%	$5.0m	35.4K	−1.7% Reduced
OIIOceaneering International Inc	0.09%	$4.9m	121.8K	−26.0% Reduced
WMTWalmart	0.09%	$4.8m	42.2K	−0.4%
LLYLilly (Eli)	0.08%	$4.6m	3.8K	+2.1% Added
APOApollo Global Management	0.08%	$4.5m	38.4K	+9.9% Added
LHXL3Harris	0.08%	$4.5m	15.6K	+0.4%
ECLEcolab	0.08%	$4.4m	15.9K	+7.2% Added
COFCapital One	0.08%	$4.3m	21.2K	0.0%
TDYTeledyne Technologies	0.07%	$4.2m	6.3K	−28.3% Reduced
CMICummins	0.07%	$4.1m	5.7K	+0.4%
BXBlackstone Inc.	0.07%	$4.0m	34.2K	+0.5%
RYRoyal Bank Of Canada	0.07%	$4.0m	19.1K	−1.2% Reduced
IDXXIdexx Laboratories	0.07%	$3.8m	7.2K	0.0%
POWIPower Integrations Inc	0.07%	$3.6m	43.2K	−31.7% Reduced
NTRSNorthern Trust	0.06%	$3.5m	20.1K	0.0%
DVADaVita	0.06%	$3.3m	14.7K	0.0%
WLYJohn Wiley & Sons, Inc.	0.06%	$3.3m	67.4K	0.0%
LEALear Corp	0.06%	$3.3m	24.2K	−1.2% Reduced
RDDTReddit, Inc.	0.06%	$3.2m	18.3K	−2.5% Reduced
AMGNAmgen	0.06%	$3.1m	8.5K	−2.4% Reduced

Company	Bought (value)	Shares
SNDKSandisk	$90.9m	40.0K
MUMicron Technology	$41.1m	35.6K
ESABESAB Corp	$34.9m	354.0K
WDCWestern Digital	$26.8m	42.0K
MCHPMicrochip Technology Inc	$26.6m	291.3K
WPMWheaton Precious Metals Corp.	$26.4m	235.0K
TXNTexas Instruments	$24.3m	81.6K
AVGOBroadcom	$23.2m	61.4K
VSHVishay Intertechnology Inc	$17.6m	327.0K
FTAIFTAI Aviation Ltd.	$16.2m	59.9K
AMCRAmcor	$15.8m	364.8K
ABTAbbott Laboratories	$14.2m	156.6K
HONHoneywell Technologies	$13.4m	59.7K
HONAHoneywell Aerospace	$13.1m	59.4K
GILGildan Activewear Inc.	$8.8m	170.9K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
MRKMerck & Co.	−$31.0m	−240.9K
ADIAnalog Devices	−$24.9m	−62.6K
SHAKShake Shack Inc.	−$24.2m	−431.8K
VRTVertiv	−$22.5m	−67.2K
REGNRegeneron Pharmaceuticals	−$20.5m	−32.8K
MLMMartin Marietta Materials	−$16.8m	−29.1K
CSTMConstellium SE	−$15.7m	−492.3K
RKTRocket Companies, Inc.	−$15.5m	−985.9K
CHKPCheck Point Software Technologies LTD	−$10.2m	−77.7K
PWRQuanta Services	−$10.1m	−14.0K
SNSharkninja, Inc.	−$6.7m	−44.3K
CRHCRH plc	−$6.7m	−62.9K
NVTnVent Electric plc	−$6.3m	−37.4K
TRPTC Energy Corp	−$6.0m	−90.5K
GOOGLAlphabet Inc. (Class A)	−$5.4m	−15.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
HASHasbro	$5.0m	53.5K
RYAAYRyanair Holdings PLC	$4.4m	75.9K
CPTCamden Property Trust	$2.3m	23.5K
FLGFlagstar Bank, National Association	$1.8m	136.0K
DPZDomino's	$670,937	1.9K
PINSPinterest, Inc.	$656,719	35.8K
ORCOrchid Island Capital, Inc.	$597,550	85.0K
AUGOAura Minerals Inc.	$504,125	6.2K
OXYOccidental Petroleum	$392,210	6.0K
BNTXBiontech SE	$355,520	4.0K
PLTRPalantir Technologies Inc.	$294,608	2.0K
MAXMediaalpha, Inc.	$236,220	25.4K
VSNTVersant Media Group, Inc.	$217,715	5.9K
STESteris	$213,169	964
BCBPBCB Bancorp Inc	$94,649	10.5K
DUOTDuos Technologies Group, Inc.	$68,600	10.0K
ASPNAspen Aerogels Inc	$34,200	10.0K

Technology25.6%
Industrials17.1%
Health Care11.6%
Financials11.5%
Materials10.9%
Consumer Discretionary9.0%
Communication Services4.9%
Consumer Staples4.2%
Real Estate3.2%
Energy1.8%
Utilities0.2%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestNovember 20, 2020 to November 2, 2026	+11.1%	+15.1%	0.55	0.76	−23.2%	0.91
Last three yearsNovember 3, 2023 to November 2, 2026	+14.6%	+21.8%	0.78	1.16	−17.9%	0.85
Last yearNovember 7, 2025 to November 2, 2026	+11.2%	+14.2%	0.62	0.84	−9.0%	0.83

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.