Cannell & Spears LLC
Long book
$5.06B
Q1 2026
Positions
419
Top-10 weight
31%
concentration
Last quarter
+8.8%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsCannell & Spears LLC is an institutional manager, running a $5.06B US long book across 419 positions.
The portfolio is moderately concentrated (top 10 ≈ 31% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: MICROSOFT CORP, ALPHABET INC-CL C, APPLE INC, BERKSHIRE HATHAWAY INC-CL B, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.8%
Q2 2024
+5.7%
Q3 2024
-0.5%
Q4 2024
-3.8%
Q1 2025
+7.9%
Q2 2025
+8.9%
Q3 2025
+2.9%
Q4 2025
-1.4%
Q1 2026
+8.8%
Sector allocation
Technology 29%
Financials 16%
Industrials 13%
Healthcare 10%
Consumer discretionary 9%
Materials 8%
Other 5%
Services media 4%
Long book by quarter
What does Cannell & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 656.1K | $242.9M | 4.8% | -12.2% |
| GOOG ALPHABET INC-CL C | Technology | 817.7K | $234.6M | 4.6% | -4.1% |
| AAPL APPLE INC | Technology | 725.4K | $184.1M | 3.6% | -2.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 340.2K | $163.0M | 3.2% | +0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 692.2K | $144.2M | 2.8% | 0.0% |
| CB CHUBB LTD | Financials | 410.6K | $133.8M | 2.6% | -6.9% |
| VRT VERTIV HOLDINGS CO-A | Technology | 515.1K | $129.1M | 2.5% | -13.9% |
| BN BROOKFIELD CORP | Real estate | 2.7M | $109.4M | 2.2% | +1.6% |
| GOOGL ALPHABET INC-CL A | Technology | 362.2K | $104.1M | 2.1% | -7.4% |
| MRK MERCK & CO. INC. | Healthcare | 798.2K | $96.0M | 1.9% | +130.7% |
| ADI ANALOG DEVICES INC | Technology | 293.3K | $93.3M | 1.8% | -15.6% |
| UNP UNION PACIFIC CORP | Industrials | 371.6K | $90.2M | 1.8% | +5.0% |
| FTAI FTAI AVIATION LTD | Services media | 351.1K | $86.0M | 1.7% | +22.7% |
| NVDA NVIDIA CORP | Technology | 473.6K | $82.6M | 1.6% | +24.4% |
| AEM AGNICO EAGLE MINES LTD | Materials | 389.1K | $79.0M | 1.6% | -23.6% |
| GIL GILDAN ACTIVEWEAR INC | Other | 1.2M | $69.1M | 1.4% | +4.7% |
| PWR QUANTA SERVICES INC | Industrials | 122.3K | $67.1M | 1.3% | -1.2% |
| CRH CRH PLC | Industrials | 591.0K | $62.1M | 1.2% | -16.1% |
| WTM WHITE MOUNTAINS INSURANCE GP | Financials | 28.0K | $61.6M | 1.2% | -0.3% |
| JPM JPMORGAN CHASE & CO | Financials | 209.2K | $61.5M | 1.2% | -4.0% |
| B BARRICK MINING CORP | Materials | 1.4M | $58.2M | 1.2% | +2.2% |
| ABT ABBOTT LABORATORIES | Healthcare | 550.4K | $56.5M | 1.1% | -2.4% |
| ORCL ORACLE CORP | Technology | 373.4K | $54.9M | 1.1% | -16.7% |
| ABBV ABBVIE INC | Healthcare | 248.7K | $54.1M | 1.1% | -7.8% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 68.9K | $53.2M | 1.1% | -22.9% |
| DHR DANAHER CORP | Technology | 272.5K | $51.7M | 1.0% | +6.4% |
| TJX TJX COMPANIES INC | Consumer discretionary | 319.6K | $51.0M | 1.0% | -1.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 51.2K | $51.0M | 1.0% | -0.6% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 81.3K | $47.8M | 0.9% | +54.2% |
| AVGO BROADCOM INC | Technology | 143.2K | $44.3M | 0.9% | -30.3% |
| FNV FRANCO-NEVADA CORP | Materials | 177.9K | $44.0M | 0.9% | +0.6% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 88.5K | $43.5M | 0.9% | -0.7% |
| CVX CHEVRON CORP | Energy | 210.0K | $43.4M | 0.9% | -1.9% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 274.3K | $43.1M | 0.9% | -5.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 171.4K | $41.9M | 0.8% | -5.7% |
| LH LABCORP HOLDINGS INC | Healthcare | 151.5K | $40.4M | 0.8% | -4.4% |
| SHAK SHAKE SHACK INC - CLASS A | Consumer discretionary | 452.7K | $40.0M | 0.8% | +27.4% |
| FDX FEDEX CORP | Industrials | 104.4K | $37.2M | 0.7% | -8.0% |
| DIS WALT DISNEY CO/THE | Services media | 377.0K | $36.3M | 0.7% | +1.7% |
| AON AON PLC-CLASS A | Financials | 109.9K | $35.5M | 0.7% | -0.9% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 291.7K | $34.6M | 0.7% | -6.5% |
| LMT LOCKHEED MARTIN CORP | Industrials | 57.2K | $34.6M | 0.7% | -1.2% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 574.7K | $33.1M | 0.7% | -1.5% |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 704.3K | $31.3M | 0.6% | +6.8% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 42 | $30.2M | 0.6% | Held |
| NVT NVENT ELECTRIC PLC | Industrials | 248.6K | $29.4M | 0.6% | -0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 88.3K | $29.0M | 0.6% | -0.8% |
| LOW LOWE'S COS INC | Consumer discretionary | 117.9K | $27.9M | 0.6% | -7.5% |
| CL COLGATE-PALMOLIVE CO | Other | 319.1K | $27.2M | 0.5% | +0.7% |
| XOM EXXON MOBIL CORP | Energy | 160.3K | $27.2M | 0.5% | -7.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 15, 2026 | 420 | $5.10B | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 14, 2026 | 398 | $5.05B | SEC ↗ | |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 411 | $5.35B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 400 | $5.30B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 393 | $4.95B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 390 | $4.64B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 391 | $4.87B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 401 | $5.08B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 375 | $4.82B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 383 | $4.84B | canonical | SEC ↗ |
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