Cannell & Spears LLC
SEC Form 13F institutional filer · CIK 0001426319
13F-HR · 216 reported holdings · 2026-03-31
Investment management firm.
Reported long-US-equity value
$3.79B
Top-10 concentration
40.2%
Cannell & Spears LLC — $3.79B AUM allocation strategy
Cannell & Spears LLC files SEC Form 13F and reports $3.79B of long US equity value across 216 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 17.4%, followed by Financials 9.5% and Communication Services 8.9%.
The top 10 holdings account for 40% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Cannell & Spears LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$3.79B
total across 216 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
40% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$MRK +452K sh · +$59.6M+$NVDA +93K sh · +$11.6M+$MU +42K sh · +$14.4M
Biggest trims (shares)
−$AMCR −1.75M sh · +$2.01M−$EQT −348K sh · −$18.3M−$FIS −149K sh · −$21.9M
Exited to nil (held last quarter, gone now)
$TROW ($448K last qtr)$PAYX ($320K last qtr)$A ($259K last qtr)$XLK ($248K last qtr)$ZBH ($247K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services8.9%—
- Systems Software6.4%—
- Technology Hardware, Storage & Peripherals4.8%—
- Semiconductors4.6%—
- Multi-Sector Holdings4.3%—
- Broadline Retail3.8%—
- Property & Casualty Insurance3.5%—
- Electrical Components & Equipment3.4%—
- Other holdings60.1%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $MSFT | Microsoft Corporation | 656K | $243M | -91K | 6.4% |
| $GOOGL | Alphabet Inc | 818K | $235M | -35.4K | 6.2% |
| $AAPL | Apple Inc | 725K | $184M | -18.4K | 4.9% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 340K | $163M | +722 | 4.3% |
| $AMZN | Amazon.com Inc | 692K | $144M | -257 | 3.8% |
| $CB | Chubb Limited | 411K | $134M | -30.5K | 3.5% |
| $VRT | Vertiv Holdings LLC | 515K | $129M | -82.8K | 3.4% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 362K | $104M | -28.8K | 2.7% |
| $MRK | Merck & Company Inc | 798K | $96M | +452K | 2.5% |
| $ADI | Analog Devices Inc | 293K | $93.3M | -54.1K | 2.5% |
…and 206 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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