Hedge Fund - Cannell Capital

Founded by Carlo Cannell in 1992 with an initial investment of just $600,000, Cannell Capital is an employee-owned long/short market-neutral equity hedge fund based in San Francisco, CA. The firm specializes in investing in stocks of small-cap companies, utilizing a market-neutral approach to guide its investment decisions.

Carlo Cannell's rationale for starting the fund was straightforward yet astute; he noted the high mortality rate of hedge funds with assets under management (AUM) exceeding $1 billion and prioritized prudence over greed. More recently, Carlo has transitioned into activism, engaging in initiatives such as demanding a pay cut for Jim Cramer or advocating for the sale of The Street.com. Mr. Cannell's extensive financial finesse and keen pattern recognition abilities have solidified his reputation as a consummate generalist in the field. Carlo graduated from Phillips Academy (Andover) in 1981 and obtained a BA degree from Princeton University in 1986. He furthered his education at Templeton College at Oxford, showcasing his commitment to continuous learning and professional development.

Cannell Capital serves 22 clients and manages discretionary assets totaling $851,813,961, as per their Form ADV filed on May 2024. Their most recent 13F filing for the fourth quarter of 2023 indicates holdings of $461,208,339 in managed 13F securities, with a top 10 holdings concentration of 50.02%. Notably, the largest holding of Cannell Capital comprises 1,478,914 shares of North American Construction Grp Ltd.