# FINDELL CAPITAL MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1814465. Source: https://holderbook.com/funds/1814465-findell-capital-management-llc/

- Reported value: $710.3M
- Positions: 12
- Weight of the ten largest: 96.6%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| LIQUIDIA CORPORATION | [LQDA](https://holderbook.com/stocks/LQDA/) | $382.9M | 3,502,112 | 53.9% | 11 |
| ESTABLISHMENT LABS HLDGS INC | [ESTA](https://holderbook.com/stocks/ESTA/) | $94.0M | 1,096,000 | 13.2% | 11 |
| DAVE INC | [DAVE](https://holderbook.com/stocks/DAVE/) | $54.0M | 145,000 | 7.6% | 4 |
| SUPER GROUP SGHC LIMITED | [SGHC](https://holderbook.com/stocks/SGHC/) | $28.5M | 2,100,000 | 4.0% | 4 |
| ROOT INC | [ROOT](https://holderbook.com/stocks/ROOT/) | $25.7M | 460,000 | 3.6% | 5 |
| ABIVAX SA | [ABVX](https://holderbook.com/stocks/ABVX/) | $24.7M | 185,000 | 3.5% | 4 |
| GEO GROUP INC | [GEO](https://holderbook.com/stocks/GEO/) | $23.6M | 800,000 | 3.3% | 7 |
| CELSIUS HLDGS INC | [CELH](https://holderbook.com/stocks/CELH/) | $22.0M | 750,000 | 3.1% | 3 |
| OPORTUN FINL CORP | [OPRT](https://holderbook.com/stocks/OPRT/) | $16.0M | 2,798,300 | 2.2% | 11 |
| TURNING PT BRANDS INC | [TPB](https://holderbook.com/stocks/TPB/) | $14.4M | 170,000 | 2.0% | 4 |
| FIGMA INC | [FIG](https://holderbook.com/stocks/FIG/) | $13.5M | 745,000 | 1.9% | 1 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $11.0M | 700,000 | 1.6% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +69.4% | +14.8% | +54.6% | 99% |
| Q1 2026 | -10.6% | -4.6% | -6.0% | 87% |
| Q4 2025 | +35.0% | +2.4% | +32.7% | 81% |
| Q3 2025 | +15.1% | +7.8% | +7.2% | 99% |
| Q2 2025 | -0.1% | +10.5% | -10.5% | 98% |
| Q1 2025 | +0.9% | -4.6% | +5.5% | 95% |
| Q4 2024 | +9.3% | +2.1% | +7.1% | 91% |
| Q3 2024 | -9.8% | +5.4% | -15.2% | 89% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $710.3M | 12 |
| Q1 2026 | $341.4M | 17 |
| Q4 2025 | $347.8M | 15 |
| Q3 2025 | $253.4M | 14 |
| Q2 2025 | $205.3M | 11 |
| Q1 2025 | $208.0M | 13 |
| Q4 2024 | $244.5M | 18 |
| Q3 2024 | $198.5M | 18 |
| Q2 2024 | $207.3M | 17 |
| Q1 2024 | $190.8M | 17 |
| Q4 2023 | $158.9M | 18 |