Private fund adviser · Alta, WY
Cannell Capital LLC
SEC-registered investment adviser · CRD 158371 · SEC 801-72618
At a glance
Cannell Capital LLC is an SEC-registered investment adviser based in Alta, Wyoming, with $373 million in regulatory assets under management as of its Form ADV filed March 20, 2026. Its largest client group by assets is other, and it reports 6 individual clients. By Form ADV it is a private fund adviser, ranked 3,355th of 4,686 private fund advisers and 9,128th of 17,210 SEC-registered advisers by assets.
Main office 307-733-2284cannellcapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $373M
- Rank among private fund advisers
- #3,355 of 4,686
- Rank among all SEC RIAs
- #9,128 of 17,210
- Rank in Wyoming
- #9 of 25
- Individual clients
- 6
- High-net-worth clients
- 6
- Accounts
- 11
- Discretionary
- 100% of AUM
- Employees
- 4
- Advisory staff
- 2
- Offices
- 2
Owners and executives on its Form ADV
- James C. CannellManaging Member of Cannell Capital LLC / President of Pamapanito Corporation DBA Cannell Capital Corporation
- Stephen C. WagstaffChief Financial Officer of Cannell Capital LLC / Chief Financial Officer of Pampanito Corporation DBA Cannell Capital Corporat
- Stephen C. WagstaffChief Compliance Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Other | – | $205M | 55% |
| Pooled investment vehicles | 2 | $156M | 42% |
| High-net-worth individuals | 6 | $12M | 3% |
Private funds
Cannell Capital LLC reports 3 private funds with $245M in gross assets: hedge funds, venture capital funds (Form ADV Item 7.B).
Disciplinary disclosures
Cannell Capital LLC answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗cannellcapital.com ↗
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The full record on Cannell Capital LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,197 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Cannell Capital LLC manage?
Cannell Capital LLC reports $373 million in regulatory assets under management across 11 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 20, 2026.
What kind of firm is Cannell Capital LLC?
Cannell Capital LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Cannell Capital LLC’s clients?
By assets, its largest client types are other ($205 million); pooled investment vehicles ($156 million, 2 clients); high-net-worth individuals ($12 million, 6 clients).
Does Cannell Capital LLC manage private funds?
Yes. It reports 3 private funds with $245 million in gross assets, including hedge funds, venture capital funds.
Does Cannell Capital LLC have any disciplinary history?
Cannell Capital LLC answers yes to 3 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Cannell Capital LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-20), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →