13F-HR 1 sched13f-102q.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2010 ------------------ Check here if Amendment [ ]; Amendment Number: --------- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: J. Carlo Cannell -------------------------------------- Address: 1315 S. Hwy 89, Suite 203 -------------------------------------- P.O. Box 3459 -------------------------------------- Jackson, WY 83001 -------------------------------------- Form 13F File Number: 28- 6453 ----- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: J. Carlo Cannell ------------------------------ Title: Managing Member ------------------------------ Phone: 415-835-8300 ------------------------------ Signature, Place, and Date of Signing: /s/ J. Carlo Cannell Jackson, WY 08/13/2010 ------------------------ --------------- -------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------- Form 13F Information Table Entry Total: 64 -------------- Form 13F Information Table Value Total: $ 140,034 -------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE

---------------------------------------------------------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 ---------------------------------------------------------------------------------------------------------------------------------- TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ---------------------------------------------------------------------------------------------------------------------------------- BERKSHIRE HATHAWAY INC CL-A CL A 084670108 1,800 15 SH SOLE 15 - - LITHIA MOTORS INC CL-A CMN CLA CL A 536797103 3,645 589,884 SH SOLE 589,884 - - GREENHUNTER ENERGY INC CMN COM 39530a104 7 7,827 SH SOLE 7,827 - - CAMBIUM LEARNING GROUP, INC. C COM 13201a107 214 59,355 SH SOLE 59,355 - - GS FINANCIAL CORP CMN COM 362274102 125 10,970 SH SOLE 10,970 - - AXT INC CMN COM 00246w103 877 194,472 SH SOLE 194,472 - - GLU MOBILE INC. CMN COM 379890106 261 196,581 SH SOLE 196,581 - - DIAMOND MGMT & TECH CONSULTANT COM 25269l106 870 84,428 SH SOLE 84,428 - - SRS LABS INC CMN COM 78464m106 375 40,950 SH SOLE 40,950 - - KADANT INCORPORATED CMN COM 48282t104 714 41,000 SH SOLE 41,000 - - MAGMA DESIGN AUTOMATION INC CM COM 559181102 1,004 353,678 SH SOLE 353,678 - - HERCULES TECH GR CAP INC. CMN COM 427096508 659 71,600 SH SOLE 71,600 - - CALLIDUS SOFTWARE INC CMN COM 13123e500 703 215,600 SH SOLE 215,600 - - LOOPNET INC CMN COM 543524300 1,180 95,675 SH SOLE 95,675 - - SPARK NETWORKS, INC. CMN COM 84651p100 1,311 376,744 SH SOLE 376,744 - - SILICON IMAGE INC CMN COM 82705t102 927 264,100 SH SOLE 264,100 - - GOLFSMITH INTERNATIONAL HOLDIN COM 38168y103 797 237,912 SH SOLE 237,912 - - HOOPER HOLMES INC CMN COM 439104100 656 1,150,035 SH SOLE 1,150,035 - - MOCON INC CMN COM 607494101 1,383 128,518 SH SOLE 128,518 - - PERVASIVE SOFTWARE INC CMN COM 715710109 1,176 237,100 SH SOLE 237,100 - - QAD INC CMN COM 74727d108 1,034 250,259 SH SOLE 250,259 - - NORTH AMERICAN ENERGY PARTNERS COM 656844107 2,204 249,548 SH SOLE 249,548 - - COMFORT SYSTEMS USA INC COMMON COM 199908104 1,056 109,316 SH SOLE 109,316 - - KENNEDY-WILSON HOLDINGS INC CM COM 489398107 1,475 146,000 SH SOLE 146,000 - - VIRTUS INVESTMENT PARTNERS, IN COM 92828q109 1,683 89,928 SH SOLE 89,928 - - SONICWALL INC CMN COM 835470105 2,338 199,014 SH SOLE 199,014 - - MAGNUM HUNTER RESOURCES CORP C COM 55973b102 6,630 1,520,581 SH SOLE 1,520,581 - - METHANEX CORPORATION CMN COM 59151k108 2,052 104,232 SH SOLE 104,232 - - SUPER MICRO COMPUTER, INC. CMN COM 86800u104 2,522 186,851 SH SOLE 186,851 - - CARDIONET, INC. CMN COM 14159l103 2,616 477,448 SH SOLE 477,448 - - GLOBE SPECIALTY METALS INC CMN COM 37954n206 3,503 339,063 SH SOLE 339,063 - - SYMMETRICOM INC CMN COM 871543104 3,853 756,882 SH SOLE 756,882 - - STND MOTOR PROD INC CL-A CMN COM 853666105 4,051 501,955 SH SOLE 501,955 - - TECHNITROL INC CMN COM 878555101 2,982 943,568 SH SOLE 943,568 - - STANDARD REGISTER CO CMN COM 853887107 3,507 1,116,748 SH SOLE 1,116,748 - - ECHO GLOBAL LOGISTICS INC. CMN COM 27875t101 4,831 395,653 SH SOLE 395,653 - - NATUS MEDICAL INC DEL CMN COM 639050103 7,482 459,322 SH SOLE 459,322 - - KEYNOTE SYSTEMS INC CMN COM 493308100 5,158 571,894 SH SOLE 571,894 - - CORE MARK HLDG CO INC CMN COM 218681104 5,174 188,815 SH SOLE 188,815 - - UNITED ONLINE INC CMN COM 911268100 4,725 820,396 SH SOLE 820,396 - - NORTHWEST PIPE COMPANY CMN COM 667746101 4,731 249,019 SH SOLE 249,019 - - AVATAR HLDGS INC. CMN COM 053494100 6,894 359,429 SH SOLE 359,429 - - TERRA NOVA ROYALTY CORP CMN COM 88102d103 169 20,300 SH SOLE 20,300 - - CUTERA INC CMN COM 232109108 3,001 325,837 SH SOLE 325,837 - - WILLBROS GROUP, INC CMN COM 969203108 3,257 440,070 SH SOLE 440,070 - - ACTUATE CORPORATION COMMON STO COM 00508b102 862 193,616 SH SOLE 193,616 - - IKANOS COMMUNICATIONS, INC. CM COM 45173E105 1,400 869,815 SH SOLE 869,815 - - DOUGLAS DYNAMICS INC CMN COM 25960r105 1,853 161,118 SH SOLE 161,118 - - NIGHTHAWK RADIOLOGY HLDGS INC COM 65411n105 1,388 535,814 SH SOLE 535,814 - - GENERAL MOLY, INC. CMN COM 370373102 1,928 625,845 SH SOLE 625,845 - - PICO HOLDINGS INC CMN COM NEW 693366205 291 9,700 SH SOLE 9,700 - - INTERNET CAPITAL GROUP INC ORD COM NEW 46059c205 364 47,948 SH SOLE 47,948 - - INSWEB CORPORATION CMN COM NEW 45809k202 1,669 327,162 SH SOLE 327,162 - - HANGER ORTHOPEDIC GROUP CMN COM NEW 41043f208 3,412 189,992 SH SOLE 189,992 - - PRGX GLOBAL INC CMN CLASS COM NEW 69357c503 141 33,950 SH SOLE 33,950 - - SAFEGUARD SCIENTIFICS INC CMN COM NEW 786449207 150 14,200 SH SOLE 14,200 - - ENCORE ENERGY PARTNERS LP CMN COM UNIT 29257a106 386 22,500 SH SOLE 22,500 - - SPDR GOLD TRUST ETF GOLD SHS 78463v107 304 2,500 SH SOLE 2,500 - - PLAYBOY ENTERPRISES 3% 03/15/2 NT 3.0 728117ab8 5,233 5,750,000 PRN SOLE 5,750,000 - - LECROY CORPORATION 4% 10/15/20 NT 4.0 52324wab5 2,618 2,800,000 PRN SOLE 2,800,000 - - TOREADOR RESOURCES CORP. 5% 10 NT 5.0 891050ab2 825 850,000 PRN SOLE 850,000 - - FUNDTECH LTD CMN ORD m47095100 7,128 686,088 SH SOLE 686,088 - - SYNERON MEDICAL LTD. CMN ORD SHS m87245102 2,561 249,144 SH SOLE 249,144 - - PIXELWORKS, INC. 1.75% 05/15/2 SDC 1.75 72581mab3 1,910 2,000,000 SH SOLE 2,000,000 - -