Top 5 Stock Picks of Cannell Capital

4. The ODP Corporation (NASDAQ:ODP)

Cannell Capital’s Stake Value: $31,340,000
Percentage of Cannell Capital’s Portfolio: 4.73%
Number of Hedge Fund Holders: 24

The ODP Corporation (NASDAQ:ODP) provides business services, products, and digital workplace technology solutions for small, medium, and large organizations. The corporation runs 1,400 retail locations, e-commerce platforms, and a business-to-business sales team.

Hedge fund sentiment around The ODP Corporation (NASDAQ:ODP) waned in Q1 2022, with 24 long hedge fund positions. In contrast, 28 funds had a positive stance on the stock in the previous quarter. HG Vora Capital Management held the largest stake in The ODP Corporation (NASDAQ:ODP), with a position worth $229.15 million at the end of March. Greenlight Capital followed it with a $64.40 million position.

Regulatory filings revealed that Cannell Capital owned 683,827 shares of The ODP Corporation (NASDAQ:ODP) at the end of the first quarter of 2022, valued at $31.34 million, representing 4.73% of the portfolio. The ODP Corporation (NASDAQ:ODP) has been in Cannell Capital’s portfolio since the second quarter of 2021.