FINDELL CAPITAL MANAGEMENT LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, FINDELL CAPITAL MANAGEMENT LLC maintained a portfolio of 20 distinct positions. The most significant new addition to the portfolio was CELSIUS HLDGS INC, which now represents 2.76% of the total fund value. They heavily accumulated shares in LIQUIDIA CORPORATION, increasing their position by 0.8%. Conversely, FINDELL CAPITAL MANAGEMENT LLC completely exited their position in THE ODP CORP.
PCA Score Concentration Risk
Risk ENB
Total Positions
20
Quarter
2025 Q4
Top Holding
LQDA (28.3%)
Top 10 Concentration
90.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-20 of 20
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
LQDA
LIQUIDIA CORPOR...
Healthcare 28.28% 25.40% #1
Prev: #1
6.5 21,449 0.8%
P
S
2,851,449 $98,346,476 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ESTA
ESTABLISHMENT L...
Healthcare 23.69% 20.96% #2
Prev: #2
6.0 -164,960 -12.7%
P
S
1,130,460 $82,387,925 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LQDA
LIQUIDIA CORPOR...
PUT
PUT Option 11.90% 13.55% #3
Prev: #3
5.0 -310,200 -20.5%
P
S
1,200,000 $41,388,000 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ROOT
ROOT INC
Financial Services 4.88% 2.12% #4 8
Prev: #12
5.5 175,000 291.7%
P
S
235,000 $16,974,050 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DAVE
DAVE INC
Technology 4.46% 2.99% #5 5
Prev: #10
5.3 32,000 84.2%
P
S
70,000 $15,498,700 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TPB
TURNING PT BRAN...
Consumer Defensive 3.96% 3.51% #6 2
Prev: #8
4.1 37,000 41.1%
P
S
127,000 $13,766,800 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
OPRT
OPORTUN FINL CO...
Financial Services 3.91% 6.25% #7 3
Prev: #4
2.6 no change no change
P
S
2,568,300 $13,586,307 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SGHC
SUPER GROUP SGH...
Consumer Cyclical 3.23% 3.49% #8 1
Prev: #9
3.8 269,901 40.3%
P
S
940,000 $11,233,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GEO
GEO GROUP INC N...
Industrials 3.01% 4.53% #9 3
Prev: #6
3.2 90,000 16.1%
P
S
650,000 $10,478,000 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CELH
CELSIUS HLDGS I...
Consumer Defensive 2.76% #10
Prev: #—
4.6 210,000 no change
NEW
210,000 $9,605,400 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EHTH
EHEALTH INC
Financial Services 1.86% 2.08% #11 2
Prev: #13
2.7 183,975 15.0%
P
S
1,408,975 $6,481,285 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ABVX
ABIVAX SA
Healthcare 1.86% 1.34% #12 3
Prev: #15
3.2 8,000 20.0%
P
S
48,000 $6,473,040 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LRN
STRIDE INC
Consumer Defensive 1.68% #13
Prev: #—
4.2 90,000 no change
NEW
90,000 $5,843,700 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ADMA
ADMA BIOLOGICS ...
Healthcare 1.57% #14
Prev: #—
4.1 300,000 no change
NEW
300,000 $5,472,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LQDA
LIQUIDIA CORPOR...
CALL
CALL Option 1.55% #15
Prev: #—
4.1 156,000 no change
NEW
156,000 $5,380,440 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VOR
VOR BIOPHARMA I...
Healthcare 0.87% #16
Prev: #—
3.8 231,000 no change
NEW
231,000 $3,021,480 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MLYS
MINERALYS THERA...
Healthcare 0.52% 3.74% #17 10
Prev: #7
0.2 -200,000 -80.0%
P
S
50,000 $1,814,500 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ODP
THE ODP CORP
Consumer Cyclical 0.00% 5.87%
Sold All 😨
(Was: #5)
0.0 -534,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BTU
PEABODY ENERGY ...
Energy 0.00% 2.46%
Sold All 😨
(Was: #11)
0.0 -235,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SEZL
SEZZLE INC
Financial Services 0.00% 1.70%
Sold All 😨
(Was: #14)
0.0 -54,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-20 of 20 holdings

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