# Cannell Capital

Cannell Capital is an Asset Manager based in Alta, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Alta, United States
- **Region:** North America
- **Address:** Grand Rapids, Atlanta, Alta, Park City, Denver, Colorado Springs, United States
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **Website:** cannellcapital.com
- **LinkedIn:** https://www.linkedin.com/company/cannell-capital-llc

## Regulatory record

- **CRD number:** 158371
- **SEC file number:** 801-72618
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/158371

## About

Cannell Capital is an SEC-registered investment adviser in ALTA, WY, registered since 2011. The firm manages approximately $373 million in regulatory assets. It has 4 employees and 2 investment advisers.

## Sectors

- Media & Entertainment
- Energy Transition & Renewables
- Healthcare Services
- Enterprise Software
- Retail
- Real Estate

## Offices

- Alta, WY
- Atlanta, GA
- Colorado Springs, CO
- Denver, CO
- Park City, UT

## Questions

### Who runs investment decisions at Cannell Capital?

Cannell Capital does not publicly name its founder or investment committee. The firm's website lists no team bios, and its Form CRS and 13D filings are signed in the name of the entity rather than a named individual. Public records suggest the firm operates as a closely held partnership, possibly anchored by a single decision-maker.

### What investment stages does Cannell Capital target?

Cannell invests exclusively in the public equity of small- and mid-cap companies — primarily those where it can exceed the 5% ownership threshold that triggers a 13D filing. The firm does not participate in private venture rounds, pre-IPO placements, or private credit, based on its complete SEC filing history.

### Does Cannell Capital prefer friendly engagement or hostile activism?

Cannell Capital's filing record leans hostile. Of its public campaigns, at least eight — including those at Lee Enterprises, Ring Energy, Build-A-Bear Workshop, and Destination XL Group — involved public letters demanding board seats, CEO removal, or strategic reviews. The firm's 2019 presentation to Lee Enterprises shareholders explicitly called for a sale of the company, a classic hostile-activism tactic.

## Related profiles

- [Chutuan Wealth Fund](https://altss.com/profile/chutuan-wealth-fund)
- [Opera Private Equity](https://altss.com/profile/opera-private-equity)

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Last updated: 2026-06-03T20:00:00.000Z

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