Archon Capital Management LLC

Fundamental concentrated ★Signal CIK 1398825
League rank
#34
in Fundamental concentrated · #38 overall
Long book
$177.2M
Q1 2026
Positions
45
Top-10 weight
51%
concentration
Last quarter
+51.4%
SPY +14.8%
Turnover
48%
of book per quarter

Strategy in plain words

auto-generated from filings

Archon Capital Management LLC is a concentrated fundamental stock-picker, running a $177.2M US long book across 45 positions.

The portfolio is concentrated: the top 10 names carry 51% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: BANDWIDTH INC-CLASS A, APYX MEDICAL CORP, SAVERS VALUE VILLAGE INC, BRAZE INC-A, OMADA HEALTH INC.

Over the last 9 quarters its long book ran on average 6.9pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-15.1%
Q2 2024
-8.6%
Q3 2024
+27.1%
Q4 2024
-16.6%
Q1 2025
+34.5%
Q2 2025
+22.0%
Q3 2025
+7.7%
Q4 2025
+0.3%
Q1 2026
+51.4%

Sector allocation

Technology
50%
Healthcare
18%
Consumer discretionary
17%
Industrials
7%
Energy
4%
Services media
2%
Other
2%
Consumer staples
0%

Long book by quarter

$211.8M
Q1 2024
$86.0M
Q2 2024
$53.3M
Q3 2024
$83.1M
Q4 2024
$94.9M
Q1 2025
$122.0M
Q2 2025
$167.9M
Q3 2025
$175.8M
Q4 2025
$177.2M
Q1 2026

What does Archon Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BAND BANDWIDTH INC-CLASS ATechnology583.1K$10.4M5.9%+30.5%
APYX APYX MEDICAL CORPHealthcare2.8M$10.3M5.8%-13.1%
SVV SAVERS VALUE VILLAGE INCConsumer discretionary1.3M$9.7M5.4%+3.3%
BRZE BRAZE INC-ATechnology402.7K$9.5M5.4%+79.4%
OMDA OMADA HEALTH INCHealthcare725.1K$9.1M5.1%+6.9%
SATL SATELLOGIC INC-ATechnology1.6M$9.0M5.1%New
TDC TERADATA CORPTechnology346.2K$8.9M5.0%+10.5%
TENB TENABLE HOLDINGS INCTechnology519.0K$8.8M5.0%New
SFIX STITCH FIX INC-CLASS AConsumer discretionary2.5M$8.3M4.7%+70.3%
OII OCEANEERING INTL INCEnergy208.0K$7.4M4.2%New
MRCY MERCURY SYSTEMS INCTechnology95.8K$7.0M3.9%+28.4%
MITK MITEK SYSTEMS INCTechnology390.8K$5.3M3.0%+103.9%
MPTI M-TRON INDUSTRIES INCTechnology78.2K$5.2M3.0%-33.8%
LYTS LSI INDUSTRIES INCIndustrials263.5K$4.9M2.8%+34.1%
TH TARGET HOSPITALITY CORPServices media437.9K$4.1M2.3%New
TDUP THREDUP INC - CLASS AConsumer discretionary1.2M$4.1M2.3%+256.6%
ESTC ELASTIC NVTechnology72.0K$3.6M2.0%-11.1%
ORN ORION GROUP HOLDINGS INCIndustrials319.0K$3.5M2.0%+16.7%
REAL REALREAL INC/THEConsumer discretionary329.1K$3.0M1.7%-32.0%
VPG VISHAY PRECISION GROUPTechnology66.9K$2.9M1.6%New
KOPN KOPIN CORPTechnology1.3M$2.9M1.6%+20.8%
KRMD KORU MEDICAL SYSTEMS INCHealthcare642.9K$2.8M1.6%+0.8%
PRLB PROTO LABS INCIndustrials48.5K$2.8M1.6%New
CYRX CRYOPORT INCHealthcare325.3K$2.7M1.5%Held
OPXS OPTEX SYSTEMS HOLDINGS INCOther195.6K$2.6M1.5%+11.1%
CGNT COGNYTE SOFTWARE LTDTechnology309.2K$2.5M1.4%+48.4%
SPWH SPORTSMAN'S WAREHOUSE HOLDINConsumer discretionary1.7M$2.4M1.3%Held
STXS STEREOTAXIS INCHealthcare1.2M$2.3M1.3%Held
OSUR ORASURE TECHNOLOGIES INCHealthcare747.9K$2.2M1.3%+30.4%
SOPH SOPHIA GENETICS SATechnology441.4K$2.2M1.2%Held
WDAY WORKDAY INC-CLASS ATechnology16.0K$2.1M1.2%New
CXM SPRINKLR INC-ATechnology275.3K$1.7M0.9%-34.5%
LOCO EL POLLO LOCO HOLDINGS INCConsumer discretionary114.5K$1.6M0.9%-36.2%
CODA CODA OCTOPUS GROUP INCTechnology140.0K$1.6M0.9%-6.7%
ZM ZOOM COMMUNICATIONS INCTechnology17.0K$1.4M0.8%New
DDD 3D SYSTEMS CORPTechnology546.2K$1.0M0.6%-44.0%
POCI PRECISION OPTICS CORP INCHealthcare156.8K$688K0.4%New
VTSI VIRTRA INCOther123.3K$457K0.3%New
SNBRQ SLEEP NUMBER CORPOther225.6K$405K0.2%New
TWIN TWIN DISC INCIndustrials18.9K$285K0.2%Held
LSF LAIRD SUPERFOOD INCConsumer staples90.7K$195K0.1%+0.3%
OWLT OWLET INCOther18.1K$93K0.1%-68.9%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202645$177.2M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202648$175.8M canonicalSEC ↗
Q3 202513F-HRNov 14, 202546$167.9M canonicalSEC ↗
Q2 202513F-HRAug 13, 202548$122.0M canonicalSEC ↗
Q1 202513F-HRMay 14, 202545$94.9M canonicalSEC ↗
Q4 202413F-HRFeb 13, 202537$102.9M canonicalSEC ↗
Q3 202413F-HRNov 14, 202421$53.3M canonicalSEC ↗
Q2 202413F-HRAug 14, 202424$123.4M canonicalSEC ↗
Q1 202413F-HRMay 14, 202433$290.0M canonicalSEC ↗