Wesley Cummins
Chief Executive Officer at APPLIED DIGITAL CORPORATION
Net worth: 89 M $ as of 2024-04-29
Profile
Wesley Carl Cummins is the founder of Applied Digital Corp.
(founded in 2001) and 272 Capital LP (founded in 2002).
He holds the title of Chairman, CEO, Secretary & Treasurer at Applied Digital Corp.
and Chief Investment Officer at 272 Capital LP.
Mr. Cummins currently holds the position of Independent Director at Sequans Communications SA (since 2018), Independent Director at Vishay Precision Group, Inc. (since 2017), and President & Portfolio Manager at 272 Capital LP (since 2020).
Mr. Cummins has held former positions as an Independent Director at CalAmp Corp.
(2022-2023), Director at Flight Safety Technologies, Inc. (2007-2009), Independent Director at TeleNav, Inc. (2016-2021), Director at B.
Riley Securities, Inc. (2002-2007), Director at Strasbaugh (2007-2010), Research Director & Head-Capital Markets at B.
Riley & Co. LLC (2002-2011), Analyst at Kennedy Capital Management LLC, Analyst at Harvey Partners LLC (2011-2012), Research Analyst at Nokomis Capital LLC (2012-2020), and Analyst at Needham & Co. LLC (2000-2002).
He also served as President at Riley Investment Management LLC (2007-2013).
Mr. Cummins obtained his undergraduate degree from Washington University in St. Louis.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
APPLIED DIGITAL CORPORATION
19.22% | 2024-04-03 | 23,585,688 ( 19.22% ) | 71 M $ | 2024-04-29 |
| 2024-03-24 | 465,177 ( 3.76% ) | 16 M $ | 2024-04-29 | |
SEQUANS COMMUNICATIONS SA
10.66% | 2023-03-16 | 19,870,548 ( 10.66% ) | 3 M $ | 2024-04-29 |
CALAMP CORP.
0.06% | 2023-11-29 | 996 ( 0.06% ) | 3 108 $ | 2024-04-29 |
Wesley Cummins active positions
| Companies | Position | Start |
|---|---|---|
| APPLIED DIGITAL CORPORATION | Chief Executive Officer | 2020-12-31 |
| VISHAY PRECISION GROUP, INC. | Director/Board Member | 2017-07-26 |
| SEQUANS COMMUNICATIONS S.A. | Director/Board Member | 2018-05-31 |
B. Riley Asset Management LLC
 B. Riley Asset Management LLC Investment ManagersFinance 272 Capital LP is a SEC-registered investment advisor and hedge fund manager headquartered in Dallas, Texas. Originally founded in 2017 as 272 Capital LLC, the firm merged with B. Riley Capital Management LLC in 2021 and renamed as B. Riley Asset Management LLC. Effective February 4, 2024, Wesley “Wes” Cummins is the sole owner of the firm. The firm was also renamed 272 Capital LP. 272 Capital provides investment management services to private pooled investment vehicles and a separate account for an institutional investor. | President | 2020-03-31 |
Former positions of Wesley Cummins
| Companies | Position | End |
|---|---|---|
| CALAMP CORP. | Director/Board Member | 2023-07-25 |
| TELENAV, INC. | Director/Board Member | 2021-02-16 |
Nokomis Capital LLC
 Nokomis Capital LLC Investment ManagersFinance Nokomis Capital LLC is an independent, SEC-registered investment advisor and hedge fund manager headquartered in Dallas, Texas. The firm was founded in 2017 and is principally owned by Brett A. Hendrickson. Nokomis Capital specializes in investment management for hedge funds and separately managed accounts for certain clients. | Analyst-Equity | 2020-01-31 |
Riley Investment Management LLC
 Riley Investment Management LLC Investment ManagersFinance Founded in 2000, Riley Investment Management LLC is a hedge fund manager located in Los Angeles, California. The firm is a subsidiary of Great American Group, Inc. (GAMR). | President | 2013-07-15 |
Harvey Partners LLC
 Harvey Partners LLC Investment ManagersFinance Founded in 2006 by James A. Schwartz, Harvey Partners LLC is a hedge fund manager located in New York City. | Corporate Officer/Principal | 2012-08-31 |
Training of Wesley Cummins
| Washington University in St. Louis | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 5 |
|---|---|
| CALAMP CORP. | Electronic Technology |
| SEQUANS COMMUNICATIONS S.A. | Electronic Technology |
| STRASBAUGH | Producer Manufacturing |
| VISHAY PRECISION GROUP, INC. | Electronic Technology |
| APPLIED DIGITAL CORPORATION | Technology Services |
| Private companies | 10 |
|---|---|
Kennedy Capital Management LLC
 Kennedy Capital Management LLC Investment ManagersFinance Kennedy Capital Management LLC (KCM) is a SEC-registered investment advisor headquartered in St. Louis, Missouri. The firm was founded by Gerald Kennedy and Richard Sinise in 1980 as Kennedy Capital Management, Inc. In November 2022, the firm converted from “Kennedy Capital Management, Inc.”, a Missouri S corporation, to “Kennedy Capital Management LLC”, a Delaware limited liability company. They are a subsidiary of KCM Holdings, Inc. KCM manages assets for institutional and high-net-worth clients. | Finance |
Flight Safety Technologies, Inc.
 Flight Safety Technologies, Inc. Aerospace & DefenseElectronic Technology The Group's principal activity is to develop technologies to enhance aviation safety and reduce efficiency. The Group develops three proprietary sensor technologies: AWSMTM, SOCRATES, UNICORN and TIICMTM. SOCRATES is designed to detect clear air turbulence, microbursts and aircraft generated vortices, which result in hazardous conditions to safe air travel. UNICORN is a technology that is being designed based upon an arrangement of radar, which gives both visual and audible warning indication of approaching aircraft to pilots. It is designed to provide a low-cost, combined, collision alerting and ground proximity warning capability for general aviation aircraft, including private, business and smaller regional and commercial aircraft. TIICMTM is a technology which protects airliners against terrorist threat. AWSMTM is developed into a system of sensors and other components to form a wake vortex avoidance system (WVAS). | Electronic Technology |
TeleNav, Inc.
 TeleNav, Inc. Packaged SoftwareTechnology Services TeleNav, Inc. engages in the provision of personalized mobile navigation and location based platform services. It combined the mobile navigation services business with the automotive business in a single segment. The firm's VIVID Nav application delivers hybrid navigation, which can provide in-vehicle navigation that is cloud connected for real-time traffic and up-to-date destinations search, and also functions when not cloud connected, such as when driving in areas with bad cell coverage. It offers five variations of VIVID Infotainment and navigation software products and services to its OEM and tier-one customers for distribution with their vehicles and systems The company was founded by Robert William Rennard, H. P. Jin, Yi Chung Chao, and Salman Dhanani in September 1999 and is headquartered in Santa Clara, CA. | Technology Services |
Harvey Partners LLC
Harvey Partners LLC Investment ManagersFinance Founded in 2006 by James A. Schwartz, Harvey Partners LLC is a hedge fund manager located in New York City. | Finance |
Nokomis Capital LLC
Nokomis Capital LLC Investment ManagersFinance Nokomis Capital LLC is an independent, SEC-registered investment advisor and hedge fund manager headquartered in Dallas, Texas. The firm was founded in 2017 and is principally owned by Brett A. Hendrickson. Nokomis Capital specializes in investment management for hedge funds and separately managed accounts for certain clients. | Finance |
Needham & Co. LLC
 Needham & Co. LLC Investment Banks/BrokersFinance Needham & Co. LLC (Needham) is a registered investment advisor and broker/dealer headquartered in New York City. The firm was founded in 1985 and is a wholly-owned indirect subsidiary of The Needham Group, Inc. Needham provides corporate and institutional clients with high quality research, corporate access, capital markets and trading execution services in both the public and private markets, with an emphasis on growth companies. | Finance |
Riley Investment Management LLC
Riley Investment Management LLC Investment ManagersFinance Founded in 2000, Riley Investment Management LLC is a hedge fund manager located in Los Angeles, California. The firm is a subsidiary of Great American Group, Inc. (GAMR). | Finance |
B. Riley Securities, Inc.
 B. Riley Securities, Inc. Investment Banks/BrokersFinance B. Riley Securities, Inc. is a registered broker/dealer headquartered in Los Angeles, California. The firm is a subsidiary of B. Riley Securities Holdings LLC, ultimately owned by B. Riley Financial, Inc. (NASDAQ: RILY). The firm was formed in 2017, when B. Riley Financial, Inc. merged two of their brokers, B. Riley & Co. (founded in 1997) and FBR Capital Markets & Co. (founded in 1989), under the name of B. Riley FBR, Inc. B. Riley Securities provides research and trading ideas to institutional clients and high net-worth individuals. They provide investment banking services to a wide range of middle-market private and public companies. | Finance |
| B. Riley & Co. LLC | Finance |
B. Riley Asset Management LLC
B. Riley Asset Management LLC Investment ManagersFinance 272 Capital LP is a SEC-registered investment advisor and hedge fund manager headquartered in Dallas, Texas. Originally founded in 2017 as 272 Capital LLC, the firm merged with B. Riley Capital Management LLC in 2021 and renamed as B. Riley Asset Management LLC. Effective February 4, 2024, Wesley “Wes” Cummins is the sole owner of the firm. The firm was also renamed 272 Capital LP. 272 Capital provides investment management services to private pooled investment vehicles and a separate account for an institutional investor. | Finance |
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