FINDELL CAPITAL MANAGEMENT LLC — 13F Holdings

2026 Q1  ·  22 Positions

2026 Q1 Portfolio Activity

In 2026 Q1, FINDELL CAPITAL MANAGEMENT LLC maintained a portfolio of 22 distinct positions. The most significant new addition was CENOVUS ENERGY INC, now representing 2.91% of the total fund value. They heavily accumulated shares in LIQUIDIA CORPORATION, increasing the position by 2144.9%. The fund also reduced its exposure to LIQUIDIA CORPORATION by 98.2%.
Position History hover any row below to update
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FINDELL CAPITAL MANAGEMENT LLC Dublin Corporate Treasury / Publicly Traded Corporation AUM $340M
PCA Score Concentration Risk
Risk ENB
Total Positions
22
Quarter
2026 Q1
Top Holding
LQDA (38.7%)
Top 10 Concentration
90.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-22 of 22

FINDELL CAPITAL MANAGEMENT LLC Full Holdings List — 2026 Q1

Stock History Sector / Type Port % Prev % Rank / Prev Conviction
Freshness
Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
LQDA
LIQUIDIA CORPOR...
Healthcare 38.71% 28.28% #1
Prev: #1
8.5
650,663 22.8%
P
S
3,502,112 $132,169,707 2023 Q4 13F Filing 2026-03-31 2026-05-15
ESTA
ESTABLISHMENT L...
Healthcare 16.59% 23.69% #2
Prev: #2
6.0
-132,713 -11.7%
P
S
997,747 $56,652,075 2023 Q4 13F Filing 2026-03-31 2026-05-15
DAVE
DAVE INC
Technology 8.67% 4.46% #3 2
Prev: #5
7.5
100,000 142.9%
P
S
170,000 $29,595,300 2025 Q3 13F Filing 2026-03-31 2026-05-15
ROOT
ROOT INC
Financial Services 4.85% 4.88% #4
Prev: #4
5.4
140,000 59.6%
P
S
375,000 $16,563,750 2025 Q2 13F Filing 2026-03-31 2026-05-15
SGHC
SUPER GROUP SGH...
Consumer Cyclical 4.74% 3.23% #5 3
Prev: #8
5.4
560,000 59.6%
P
S
1,500,000 $16,200,000 2025 Q3 13F Filing 2026-03-31 2026-05-15
GEO
GEO GROUP INC
Industrials 4.31% 3.01% #6 3
Prev: #9
4.2
225,000 34.6%
P
S
875,000 $14,708,750 2024 Q4 13F Filing 2026-03-31 2026-05-15
OPRT
OPORTUN FINL CO...
Financial Services 3.71% 3.91% #7
Prev: #7
3.5
180,000 7.0%
P
S
2,748,300 $12,669,663 2023 Q4 13F Filing 2026-03-31 2026-05-15
ABVX
ABIVAX SA
Healthcare 3.42% 1.86% #8 4
Prev: #12
4.4
57,000 118.8%
P
S
105,000 $11,691,750 2025 Q3 13F Filing 2026-03-31 2026-05-15
CVE
CENOVUS ENERGY ...
Energy 2.91% #9
Prev: #—
4.7
375,000
NEW
375,000 $9,948,750 2026 Q1 13F Filing 2026-03-31 2026-05-15
ACHC
ACADIA HEALTHCA...
Healthcare 2.60% #10
Prev: #—
4.5
380,000
NEW
380,000 $8,888,200 2026 Q1 13F Filing 2026-03-31 2026-05-15
TPB
TURNING PT BRAN...
Consumer Defensive 2.41% 3.96% #11 5
Prev: #6
1.0
-32,000 -25.2%
P
S
95,000 $8,245,050 2025 Q3 13F Filing 2026-03-31 2026-05-15
CELH
CELSIUS HLDGS I...
Consumer Defensive 2.08% 2.76% #12 2
Prev: #10
1.3
-10,000 -4.8%
P
S
200,000 $7,096,000 2024 Q4 13F Filing 2026-03-31 2026-05-15
MLYS
MINERALYS THERA...
Healthcare 1.60% 0.52% #13 4
Prev: #17
3.6
152,000 304.0%
P
S
202,000 $5,472,180 2025 Q1 13F Filing 2026-03-31 2026-05-15
VET
VERMILION ENERG...
Energy 1.49% #14
Prev: #—
4.1
370,000
NEW
370,000 $5,098,600 2023 Q4 13F Filing 2026-03-31 2026-05-15
APLD
APPLIED DIGITAL...
Technology 1.18% #15
Prev: #—
4.0
170,000
NEW
170,000 $4,035,800 2024 Q3 13F Filing 2026-03-31 2026-05-15
LQDA
LIQUIDIA CORPOR...
CALL
CALL Option 0.55% 1.55% #16 1
Prev: #15
0.2
-106,000 -67.9%
P
S
50,000 $1,887,000 2023 Q4 13F Filing 2026-03-31 2026-05-15
BTU
PEABODY ENGR CO...
Energy 0.08% #17
Prev: #—
3.5
8,381
NEW
8,381 $276,154 2025 Q3 13F Filing 2026-03-31 2026-05-15
EHTH
EHEALTH INC
Financial Services 0.07% 1.86% #18 7
Prev: #11
0.0
-1,229,948 -87.3%
P
S
179,027 $230,945 2023 Q4 13F Filing 2026-03-31 2026-05-15
VOR
VOR BIOPHARMA I...
Healthcare 0.00% 0.87%
Sold All 😨
(Was: #16)
0.0
-231,000 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-15
ADMA
ADMA BIOLOGICS ...
Healthcare 0.00% 1.57%
Sold All 😨
(Was: #14)
0.0
-300,000 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-15
LRN
STRIDE INC
Consumer Defensive 0.00% 1.68%
Sold All 😨
(Was: #13)
0.0
-90,000 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-15
LQDA
LIQUIDIA CORPOR...
PUT
PUT Option 0.00% 11.90%
Sold All 😨
(Was: #3)
0.0
-1,200,000 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2026-03-31 2026-05-15
Showing 1-22 of 22 holdings

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