FINDELL CAPITAL MANAGEMENT LLC

New York, NY · CIK 1814465 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2024 · limited liability company

As an employer

$606.6m reported value +78.7% vs Q1 2026

12positions

96.0%in top 10

2 new 7 added 2 reduced 7 sold out vs Q1 2026

Options: 0 call positions (— notional), 1 put positions ($103.7m notional) – listed below, not included above.

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	LIQUIDIA CORPORATION COM NEW LQDA	LQDA	3,502,112	$279.2m46.03%	46.03%	Unchanged
2	ESTABLISHMENT LABS HLDGS INC COM ESTA	ESTA	1,096,000	$94.0m15.50%	15.50%	Added +98.3k	+98,253 9.8%
3	DAVE INC CLASS A COM NEW DAVE	DAVE	145,000	$54.0m8.91%	8.91%	Reduced -25.0k	-25,000 -14.7%
4	SUPER GROUP SGHC LIMITED ORD SHS SGHC	SGHC	2,100,000	$28.5m4.69%	4.69%	Added +600.0k	+600,000 40.0%
5	ROOT INC CL A NEW ROOT	ROOT	460,000	$25.7m4.24%	4.24%	Added +85.0k	+85,000 22.7%
6	ABIVAX SA SPONSORED ADS ABVX	ABVX	185,000	$24.7m4.06%	4.06%	Added +80.0k	+80,000 76.2%
7	GEO GROUP INC NEW COM GEO	GEO	800,000	$23.6m3.90%	3.90%	Reduced -75.0k	-75,000 -8.6%
8	CELSIUS HLDGS INC COM NEW CELH	CELH	750,000	$22.0m3.62%	3.62%	Added +550.0k	+550,000 275.0%
9	OPORTUN FINL CORP COM OPRT	OPRT	2,798,300	$16.0m2.63%	2.63%	Added +50.0k	+50,000 1.8%
10	TURNING PT BRANDS INC COM TPB	TPB	170,000	$14.4m2.38%	2.38%	Added +75.0k	+75,000 79.0%
11	FIGMA INC CLASS A COM STK FIG	FIG	745,000	$13.5m2.22%	2.22%	New
12	ROCKET COS INC COM CL A RKT	RKT	700,000	$11.0m1.82%	1.82%	New

Security	Ticker	Shares held before	Value then
CENOVUS ENERGY INC CVE	CVE	375,000	$9.9m375.0k shares
ACADIA HEALTHCARE COMPANY IN ACHC	ACHC	380,000	$8.9m380.0k shares
MINERALYS THERAPEUTICS INC MLYS	MLYS	202,000	$5.5m202.0k shares
VERMILION ENERGY INC VET	VET	370,000	$5.1m370.0k shares
APPLIED DIGITAL CORP APLD	APLD	170,000	$4.0m170.0k shares
PEABODY ENERGY CORP BTU	BTU	8,381	$276.2k8.4k shares
EHEALTH INC EHTH	EHTH	179,027	$230.9k179.0k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
LIQUIDIA CORPORATION LQDA · Put	LQDA	Put	1,300,100	$103.7m1.3m shares	New