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Asset Manager ← All Institutions

FINDELL CAPITAL MANAGEMENT LLC

Q4 2025 · Filed 2026-02-17
Market Value
$269M
+30.3%
Holdings
16
New Purchases
4
Added To
6
Closed
3
Reduced
2
Top 10 Concentration
96.2%
Turnover
43.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LQDA 36.63% 31.23% +5.40% $98M
ESTA 30.68% 25.77% +4.92% $82M
CELH 3.58% 0.00% +3.58% $10M
LRN 2.18% 0.00% +2.18% $6M
ADMA 2.04% 0.00% +2.04% $5M
VOR 1.13% 0.00% +1.13% $3M
TPB 5.13% 4.32% +0.81% $14M
ABVX 2.41% 1.65% +0.76% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ODP 0.00% 7.22% -7.22% $0
MLYS 0.68% 4.60% -3.92% $2M
BTU 0.00% 3.02% -3.02% $0
OPRT 5.06% 7.69% -2.63% $14M
SEZL 0.00% 2.08% -2.08% $0
GEO 3.90% 5.57% -1.67% $10M
EHTH 2.41% 2.56% -0.15% $6M
SGHC 4.18% 4.29% -0.11% $11M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mid Cap 9 $224M 83.6%
Small Cap 4 $21M 7.8%
Micro Cap 3 $23M 8.6%

Portfolio Analytics

Avg Market Cap
$3.1B
Median Market Cap
$2.6B
Avg P/E
42.1
Median P/E
19.1
Avg Dividend Yield
0.00%
Avg Beta
1.23
# Stocks
16
# ETFs / Funds
0

Top Holdings (16 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LQDA 36.63% 2,851,449 $98M $34.49 $34M +21,449 +0.8%
2 ESTA 30.68% 1,130,460 $82M $72.88 $29M -164,960 -12.7%
3 TPB 5.13% 127,000 $14M $108.40 $5M +37,000 +41.1%
4 OPRT 5.06% 2,568,300 $14M $5.29 -$2M
5 SGHC 4.18% 940,000 $11M $11.95 $2M +269,901 +40.3%
6 GEO 3.90% 650,000 $10M $16.12 -$996K +90,000 +16.1%
7 CELH 3.58% 210,000 $10M $45.74 +210,000 NEW
8 EHTH 2.41% 1,408,975 $6M $4.60 $1M +183,975 +15.0%
9 ABVX 2.41% 48,000 $6M $134.85 $3M +8,000 +20.0%
10 LRN 2.18% 90,000 $6M $64.93 +90,000 NEW
11 ADMA 2.04% 300,000 $5M $18.24 +300,000 NEW
12 VOR 1.13% 231,000 $3M $13.08 +231,000 NEW
13 MLYS 0.68% 50,000 $2M $36.29 -$8M -200,000 -80.0%
14 BTU —% -$6M -235,000 -100.0% SOLD
15 SEZL —% -$4M -54,000 -100.0% SOLD
16 ODP —% -$15M -534,000 -100.0% SOLD

Options Breakdown

1 Calls $5M Call Value 1 Puts $41M Put Value 7.69 P/C Ratio

Top Calls

SymbolSharesValueStatus
LQDA 156,000 $5M NEW

Top Puts

SymbolSharesValueStatus
LQDA 1,200,000 $41M

New Positions

SymbolValue% Port
CELH $10M 3.58%
LRN $6M 2.18%
ADMA $5M 2.04%
VOR $3M 1.13%

Sold Out Positions

SymbolValue% Port
BTU —%
SEZL —%
ODP —%
View SEC EDGAR Filings for FINDELL CAPITAL MANAGEMENT LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms