Findell Capital Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Findell Capital Management reported a $607M portfolio of 12 positions to the SEC as of the end of Q2 2026. Its largest positions are LQDA, ESTA, DAVE. During the quarter it opened Figma and Rocket Companies and exited Cenovus Energy and Acadia Healthcare.
Sections with a free account
What changed this quarter
18 positions with a change (2 new, 7 added to, 2 trimmed, 7 sold). 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Celsius Holdings+275%more sharesIncreased2.1% → 3.6%
- Figma+2.2 ppof portfolioNew— → 2.2%
- Rocket Companies+1.8 ppof portfolioNew— → 1.8%
- Abivax+76%more sharesIncreased3.4% → 4.1%
- Cenovus Energy−1.6 ppof portfolioSold out2.9% → —
- Dave−15%fewer sharesReduced8.7% → 8.9%
- Acadia Healthcare−1.5 ppof portfolioSold out2.6% → —
- Establishment Labs Holdings+9.8%more sharesIncreased16.7% → 15.5%
- Super Group (SGHC)+40%more sharesIncreased4.8% → 4.7%
- Turning Point Brands+79%more sharesIncreased2.4% → 2.4%
- Mineralys Therapeutics−0.9 ppof portfolioSold out1.6% → —
- Vermilion Energy−0.8 ppof portfolioSold out1.5% → —
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- LiquidiaLQDA46.0%
- Establishment Labs HoldingsESTA15.5%
- DaveDAVE8.9%
- Super Group (SGHC)SGHC4.7%
- ROOTROOT4.2%
- AbivaxABVX4.1%
- GEO GroupGEO3.9%
- Celsius HoldingsCELH3.6%
- Oportun FinancialOPRT2.6%
- Turning Point BrandsTPB2.4%
- FigmaFIG2.2%
- Rocket CompaniesRKT1.8%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Health Care 66%
- ● Financials 18%
- ● Consumer Staples 6%
- ● Consumer Discretionary 5%
- ● Industrials 4%
- ● Information Technology 2%
How its portfolio changed (8 quarters)
Q2 2026: 12
Q2 2026: 96%
Q2 2026: 10.3%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (1)
Besides stocks, Findell Capital Management declared 1 put (they gain if the stock falls) with a notional of $104M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- PUTLiquidiaLQDAnew this quarter$104M
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Jul 22, 2026 (high confidence).
The data, as reported: FINDELL CAPITAL MANAGEMENT LLC (CRD 307394): 7.B private funds: 2 hedge (gross assets $484M); 5.D assets by client type: pooled vehicles 100% (of $376M)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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