FINDELL CAPITAL MANAGEMENT LLC
CIK 1814465 · View on SEC EDGAR ↗
- Portfolio value
- $610.6M
- Positions
- 13
- As of
- June 30, 2026
Portfolio value QoQ: +78.8% 13F does not disclose cash
- Top 10 holdings weight
- 95.33%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 12
- Effective number of positions
- 4.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 9.55% Est. buys $83,213,890 · sells $45,481,629
Median holding: 1.0 quarters Tracked Q4 2024–Q2 2026 · 31.7% still held
- New positions
- 3
- Increased
- 7
- Decreased
- 2
- Closed
- 7
Put-notional exposure: 0.7% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
- Related The person behind this filer, where we can match one.
Performance vs S&P 500
Annualized: +76.5% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 98.3% · Options excluded: 6.9%
Sector breakdown
Full portfolio 13 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| LQDA Liquidia Corporation - Common Stock | $279,223,390 | 45.73% | 3,502,112 | $147,053,683 | |||
| ESTA Establishment Labs Holdings Inc. - Common Shares | $94,047,760 | 15.40% | 1,096,000 | $37,395,685 | Up ×1 | ||
| DAVE Dave Inc. - Class A Common Stock | $54,025,550 | 8.85% | 145,000 | $24,430,250 | Down ×1 | ||
| SGHC Super Group (SGHC) Limited Ordinary Shares | $28,455,000 | 4.66% | 2,100,000 | $12,255,000 | Up ×3 | ||
| ROOT Root, Inc. - Common Stock | $25,723,200 | 4.21% | 460,000 | $9,159,450 | Up ×3 | ||
| ABVX Abivax SA - American Depositary Shares | $24,653,100 | 4.04% | 185,000 | $12,961,350 | Up ×3 | ||
| GEO Geo Group Inc (The) REIT | $23,640,000 | 3.87% | 800,000 | $8,931,250 | Down ×1 | ||
| CELH Celsius Holdings, Inc. - Common Stock | $21,960,000 | 3.60% | 750,000 | $14,864,000 | Up ×1 | ||
| OPRT Oportun Financial Corporation - common stock | $15,978,293 | 2.62% | 2,798,300 | $3,308,630 | Up ×2 | ||
| TPB Turning Point Brands, Inc. Common Stock | $14,417,700 | 2.36% | 170,000 | $6,172,650 | Up ×1 | ||
| FIG Figma, Inc. Class A Common Stock | $13,477,050 | 2.21% | 745,000 | Up ×1 | |||
| RKT Rocket Companies, Inc. Class A Common Stock | $11,025,000 | 1.81% | 700,000 | Up ×1 | |||
| LQDA Liquidia Corporation - Common Stock | $3,986,500 | 0.65% | 50,000 | Put option | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| LQDA | Price move only | +0 | +$147.1M |
| ESTA | Bought more | +98K | +$37.4M |
| DAVE | Trimmed | -25K | +$24.4M |
| CELH | Bought more | +550K | +$14.9M |
| ABVX | Bought more | +80K | +$13.0M |
| SGHC | Bought more | +600K | +$12.3M |
| ROOT | Bought more | +85K | +$9.2M |
| GEO | Trimmed | -75K | +$8.9M |
| TPB | Bought more | +75K | +$6.2M |
| OPRT | Bought more | +50K | +$3.3M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| QQQ | March 31, 2025 | 50,000 | $25,561,500 | |
| ODP | Dec. 31, 2025 | 534,000 | $14,871,900 | No longer tracked |
| VAL | Sept. 30, 2025 | 300,000 | $12,633,000 | 84.0% |
| CVE | June 30, 2026 | 375,000 | $9,948,750 | 31.9% |
| ACHC | June 30, 2026 | 380,000 | $8,888,200 | -9.3% |
| VRNA | March 31, 2025 | 180,000 | $8,359,200 | No longer tracked |
| AEVA | Sept. 30, 2025 | 200,000 | $7,558,000 | 33.5% |
| CC | Sept. 30, 2025 | 651,000 | $7,453,950 | 0.7% |
| NE | March 31, 2025 | 230,000 | $7,222,000 | 99.4% |
| CELH | March 31, 2025 | 250,000 | $6,585,000 | -9.2% |
| GRPN | June 30, 2025 | 350,000 | $6,569,500 | -41.3% |
| MLYS | June 30, 2025 | 400,000 | $6,352,000 | 92.0% |
| BTU | Dec. 31, 2025 | 235,000 | $6,232,200 | -7.2% |
| LRN | March 31, 2026 | 90,000 | $5,843,700 | -4.8% |
| DAVA | Sept. 30, 2025 | 380,000 | $5,821,600 | -66.4% |
| MLYS | June 30, 2026 | 202,000 | $5,472,180 | -3.7% |
| ADMA | March 31, 2026 | 300,000 | $5,472,000 | 8.9% |
| IBTA | March 31, 2025 | 80,000 | $5,206,400 | -13.6% |
| VET | June 30, 2026 | 370,000 | $5,098,600 | 37.3% |
| XPOF | June 30, 2025 | 580,000 | $4,831,400 | -33.1% |
| VFC | June 30, 2025 | 300,000 | $4,656,000 | 21.5% |
| SEZL | Dec. 31, 2025 | 54,000 | $4,294,620 | 84.3% |
| APLD | June 30, 2026 | 170,000 | $4,035,800 | -22.0% |
| VOR | March 31, 2026 | 231,000 | $3,021,480 | 30.5% |
| EWCZ | June 30, 2025 | 249,700 | $986,315 | No longer tracked |
| DDS | March 31, 2025 | 1,766 | $762,453 | 69.0% |
| BTU | June 30, 2026 | 8,381 | $276,154 | 19.2% |
| EHTH | June 30, 2026 | 179,027 | $230,945 | -17.8% |