Cannell Capital Llc
- Regulatory AUM
- $373M
- Discretionary
- $373M
- Clients
- 8
- Avg AUM / client
- $46.6M
- Accounts
- 11
- Employees
- 4
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 20, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 6 | $11.8M | 3.16% |
| Pooled investment vehicles (non-investment companies) | 2 | $156M | 41.9% |
| Other | Fewer than 5 clients | $205M | 54.9% |
Private funds (4)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $567M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Tristan Partners Lp | Hedge Fund | Delaware | $258M | 28 |
| Tonga Partners, L.P. | Hedge Fund | Delaware | $203M | 19 |
| Tristan Offshore Fund, Ltd. | Hedge Fund | Cayman Islands | $105M | 2 |
| Cannell Venture Partners I, L.P. | Venture Capital Fund | Delaware | $1.4M | 22 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Cannell, James, Carlo | Managing Member Of Cannell Capital Llc / President Of Pamapanito Corporation Dba Cannell Capital Corporation | Aug 1996 (30y) | 75% or more | |
| Wagstaff, Stephen, Charles | Chief Financial Officer Of Cannell Capital Llc / Chief Financial Officer Of Pampanito Corporation Dba Cannell Capital Corporat | Mar 2015 (11y) | Less than 5% | |
| Wood, Christopher, Wetherill | Portfolio Manager | Aug 2020 (6y) | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (4, $567M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Tristan Partners Lp | Hedge Fund | $258M | $1.0M | 28 |
| Tonga Partners, L.P. | Hedge Fund | $203M | $1.0M | 19 |
| Tristan Offshore Fund, Ltd. | Hedge Fund | $105M | $1.0M | 2 |
| Cannell Venture Partners I, L.P. | Venture Capital Fund | $1.4M | $100K | 22 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/20/2026 | 1.7 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: FROM 2014 TO OCTOBER 2019, CANNELL CAPITAL LLC FAILED TO FOLLOW ITS WRITTEN POLICIES AND PROCEDURES BY NOT MAINTAINING A LIST OF SECURITIES THAT MEMBERS, OFFICERS, AND EMPLOYEES AND THEIR FAMILY HOUSEHOLD MEMBERS WERE PROHIBITED FROM TRADING AFTER THE FIRM CAME INTO POSSESSION OF POTENTIAL MATERIAL NONPUBLIC INFORMATION. CANNELL CAPITAL LLC'S WRITTEN POLICIES AND PROCEDURES RELATED TO THE HANDLING OF MATERIAL NONPUBLIC INFORMATION WERE NOT REASONABLY DESIGNED TO PREVENT MISUSE OF MATERIAL NONPUBLIC INFORMATION BECAUSE THEY DID NOT ADDRESS ANY BUSINESS-SPECIFIC RISKS AND LACKED ANY GUIDANCE REGARDING WHEN TRADING IN SECURITIES SHOULD BE RESTRICTED. AS A RESULT, CANNELL CAPITAL LLC VIOLATED SECTION 204A OF THE ADVISERS ACT. Status: Final Sanction Detail: N/A Summary: THE FIRM CONSENTED TO ORDER INSTITUTING ADMINISTRATIVE AND CEASE-AND-DESIST PROCEEDINGS, PURSUANT TO SECTION 203(E) AND 203(K) OF THE INVESTMENT ADVISERS ACT OF 1940, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS AND A CEASE-AND-DESIST ORDER (THE "ORDER"), AS REQUIRED PURSUANT TO THE ORDER, THE FIRM PAID A CIVIL MONEY PENALTY OF $150,000 TO THE SEC WITHIN 14 DAYS OF THE ENTRY OF THE ORDER.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- Goldman Sachs $514M (96% of AUM) Jun 2020
- Northern Trust $20.1M (3% of AUM) Jan 2024
- Charles Schwab & Co. $11.8M (3% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 20, 2026.
View current Form ADV (SEC/IAPD) ↗