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Asset Manager ← All Institutions

Nantahala Capital Management, LLC

Q2 2025 · Filed 2025-08-14
Market Value
$1.3B
+26.0%
Holdings
121
+6
New Purchases
17
Added To
38
Closed
8
Reduced
9
Top 10 Concentration
37.0%
Turnover
20.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XTNT 3.98% 0.53% +3.45% $51M
NKTR 1.44% 0.00% +1.44% $18M
TNGX 1.39% 0.41% +0.98% $18M
FULC 2.32% 1.38% +0.94% $30M
JCAP 0.87% 0.00% +0.87% $11M
TLSI 0.86% 0.00% +0.86% $11M
JACK 0.82% 0.00% +0.82% $10M
FLWS 0.77% 0.00% +0.77% $10M
DKS 0.62% 0.00% +0.62% $8M
RAPT 0.60% 0.00% +0.60% $8M
ADCT 0.48% 0.00% +0.48% $6M
HLF 0.56% 0.09% +0.47% $7M
IRON 1.20% 0.73% +0.47% $15M
ITOS 0.47% 0.00% +0.47% $6M
DSGR 0.46% 0.00% +0.46% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOGO 1.21% 3.05% -1.84% $15M
URGN 0.01% 1.50% -1.49% $92K
EOLS 3.04% 4.36% -1.31% $39M
ESTA 5.97% 7.18% -1.21% $76M
RH 0.00% 1.17% -1.17% $0
BVS 2.75% 3.74% -0.99% $35M
TITN 1.77% 2.74% -0.97% $22M
PTON 1.78% 2.73% -0.95% $23M
OPTN 0.00% 0.90% -0.90% $0
HGV 6.50% 7.37% -0.87% $83M
MLYS 0.38% 1.24% -0.86% $5M
SVRA 1.49% 2.22% -0.72% $19M
QURE 2.25% 2.90% -0.65% $29M
IWM 0.00% 0.58% -0.58% $0
SVC 1.52% 2.09% -0.57% $19M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $8M 0.6%
Mid Cap 16 $383M 30.2%
Small Cap 49 $507M 39.9%
Micro Cap 54 $372M 29.3%

Portfolio Analytics

Avg Market Cap
$1.7B
Median Market Cap
$365M
Avg P/E
33.9
Median P/E
21.6
Avg Dividend Yield
0.00%
Avg Beta
1.06
# Stocks
120
# ETFs / Funds
1

Top Holdings (121 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HGV 6.50% 1,988,858 $83M $41.53 $8M +2,121 +0.1%
2 ESTA 5.97% 1,775,530 $76M $42.71 $3M +1,486 +0.1%
3 TBBK 4.34% 968,503 $55M $56.97 $11M +140,000 +16.9%
4 XTNT 3.98% 68,394,000 $51M $0.74 $45M +57,000,000 +500.3%
5 EOLS 3.04% 4,197,926 $39M $9.21 -$5M +546,583 +15.0%
6 CRMT 2.84% 644,686 $36M $56.04 $7M
7 AMRX 2.78% 4,367,438 $35M $8.09 $3M +558,877 +14.7%
8 BVS 2.75% 5,280,842 $35M $6.62 -$3M +1,155,192 +28.0%
9 IMAX 2.50% 1,133,993 $32M $27.96 $8M +225,742 +24.9%
10 FULC 2.32% 4,288,299 $30M $6.88 $16M -534,394 -11.1%
11 QURE 2.25% 2,051,852 $29M $13.94 -$610K -704,110 -25.6%
12 0H7R.L 1.95% 4,369,665 $25M $5.68 $8M +859,815 +24.5%
13 PTON 1.78% 3,267,737 $23M $6.94 -$5M -1,094,055 -25.1%
14 TITN 1.77% 1,135,552 $22M $19.81 -$5M -486,186 -30.0%
15 KROS 1.70% 1,620,692 $22M $13.35 $6M +113,902 +7.6%
16 SVC 1.52% 8,057,887 $19M $2.39 -$2M
17 SVRA 1.49% 8,325,375 $19M $2.28 -$3M +250,000 +3.1%
18 FOXF 1.49% 728,648 $19M $25.94 $4M +100,000 +15.9%
19 AMLX 1.48% 2,934,405 $19M $6.41 $8M
20 RMR 1.48% 1,147,902 $19M $16.35 $7M +411,700 +55.9%
21 NKTR 1.44% 709,761 $18M $25.84 +709,761 NEW
22 TNGX 1.39% 3,439,594 $18M $5.12 $14M +451,611 +15.1%
23 EB 1.32% 6,381,395 $17M $2.63 $3M
24 ETON 1.32% 1,175,951 $17M $14.25 $1M
25 THRD 1.26% 2,938,700 $16M $5.43 $6M
26 GOGO 1.21% 1,044,415 $15M $14.68 -$15M -2,520,382 -70.7%
27 IRON 1.20% 287,800 $15M $52.96 $8M +139,409 +94.0%
28 ILPT 1.15% 3,206,219 $15M $4.55 $6M +699,975 +27.9%
29 AURA 1.04% 2,117,697 $13M $6.26 $6M +850,000 +67.0%
30 ZVRA 1.02% 1,471,936 $13M $8.81 $2M
31 0LOV.L 0.97% 2,954,735 $12M $4.15 -$2M +656,194 +28.6%
32 COGT 0.94% 1,655,689 $12M $7.18 $7M +812,200 +96.3%
33 CMPS 0.92% 4,179,930 $12M $2.80 $4M +1,350,698 +47.7%
34 ABVX 0.89% 1,482,994 $11M $7.65 $2M
35 JCAP 0.87% 600,000 $11M $18.45 +600,000 NEW
36 RSVR 0.87% 1,442,136 $11M $7.67 $58K
37 TLSI 0.86% 2,000,000 $11M $5.45 +2,000,000 NEW
38 JACK 0.82% 600,000 $10M $17.46 +600,000 NEW
39 RZLT 0.80% 2,291,395 $10M $4.46 $6M +1,000,000 +77.4%
40 TELA 0.78% 5,111,588 $10M $1.94 $5M +1,233,623 +31.8%
41 FLWS 0.77% 2,000,000 $10M $4.92 +2,000,000 NEW
42 CDXS 0.77% 4,030,619 $10M $2.44 $2M +1,200,000 +42.4%
43 RDVT 0.75% 194,339 $10M $49.20 -$3M -147,039 -43.1%
44 TRML 0.70% 558,187 $9M $15.99 $821K +25,363 +4.8%
45 STKS 0.68% 2,121,084 $9M $4.05 $2M
46 DKS 0.62% 40,000 $8M $197.81 +40,000 NEW
47 RAPT 0.60% 951,613 $8M $8.00 +951,613 NEW
48 RDNW 0.60% 3,272,845 $8M $2.31 -$2M
49 FOSL 0.59% 5,087,803 $8M $1.48 $3M +898,626 +21.4%
50 APYX 0.59% 3,338,048 $8M $2.25 $3M +80,000 +2.5%
51 CNTA 0.57% 554,803 $7M $13.14 -$688K
52 AKBA 0.57% 2,000,000 $7M $3.64 $3M
53 DYN 0.56% 745,062 $7M $9.52 $3M +400,000 +115.9%
54 HLF 0.56% 822,298 $7M $8.62 $6M +722,298 +722.3%
55 SNDX 0.56% 754,503 $7M $9.37 $254K +200,000 +36.1%
56 DHX 0.55% 2,374,027 $7M $2.97 $4M
57 ALTG 0.52% 1,042,769 $7M $6.32 $2M
58 UPB 0.51% 594,971 $7M $10.98 $3M
59 XNCR 0.51% 820,103 $6M $7.86 $2M +363,362 +79.6%
60 VMD 0.51% 932,445 $6M $6.91 -$345K
61 AVR 0.51% 1,693,666 $6M $3.79 $471K +30,000 +1.8%
62 ELUT 0.50% 3,184,947 $6M $1.98 -$2M
63 ADCT 0.48% 2,266,289 $6M $2.68 +2,266,289 NEW
64 SLN 0.48% 1,042,427 $6M $5.80 $3M
65 ITOS 0.47% 596,666 $6M $9.97 +596,666 NEW
66 DSGR 0.46% 210,800 $6M $27.47 +210,800 NEW
67 ATXS 0.45% 1,069,530 $6M $5.36 $2M +400,000 +59.7%
68 THTX 0.45% 2,422,563 $6M $2.36 $2M
69 EHTH 0.45% 1,311,441 $6M $4.35 -$3M
70 ASRT 0.44% 8,810,073 $6M $0.64 -$44K +370,311 +4.4%
71 PVLA 0.44% 250,062 $6M $22.54 -$1M
72 EYPT 0.44% 593,091 $6M $9.41 $2M
73 NNBR 0.40% 2,441,416 $5M $2.10 $2M +1,000,000 +69.4%
74 MLYS 0.38% 353,982 $5M $13.53 -$8M -433,758 -55.1%
75 HAIN 0.36% 3,000,000 $5M $1.52 +3,000,000 NEW
76 UNCY 0.36% 939,202 $5M $4.86 +939,202 NEW
77 CRGX 0.36% 1,100,000 $5M $4.12 $55K
78 ANEB 0.34% 3,036,325 $4M $1.44 $425K
79 CRTX 0.33% 2,528,302 $4M $1.65 +2,528,302 NEW
80 GAIA 0.32% 914,618 $4M $4.39 $494K
81 SCPH 0.30% 995,438 $4M $3.81 $1M
82 VERV 0.29% 331,437 $4M $11.23 +331,437 NEW
83 GRCE 0.28% 1,178,203 $3M $2.97 $813K
84 GPCR 0.28% 168,553 $3M $20.74 $578K
85 PAYO 0.26% 483,836 $3M $6.85 $2M +335,784 +226.8%
86 NPCE 0.26% 295,089 $3M $11.14 -$548K -17,005 -5.5%
87 IRD 0.25% 3,345,923 $3M $0.94 $52K +188,028 +6.0%
88 CMCO 0.24% 203,628 $3M $15.27 -$277K +3,628 +1.8%
89 ELDN 0.24% 1,141,237 $3M $2.71 -$776K
90 KOS 0.23% 1,716,593 $3M $1.72 -$961K
91 DXLG 0.23% 2,576,774 $3M $1.11 +2,576,774 NEW
92 CZR 0.22% 98,879 $3M $28.39 $335K
93 RDI 0.20% 1,921,088 $3M $1.34 -$96K
94 NVNO 0.19% 594,661 $2M $3.99 $809K
95 KOD 0.17% 590,884 $2M $3.73 $715K +60,171 +11.3%
96 SRL 0.17% 368,182 $2M $5.80 -$849K
97 YMAB 0.12% 351,878 $2M $4.51 +351,878 NEW
98 CNTX 0.10% 1,935,484 $1M $0.66 $71K
99 TLPH 0.07% 1,992,519 $917K $0.46 -$69K
100 OLPX 0.07% 650,000 $910K $1.40 $84K

Options Breakdown

16 Calls $248M Call Value 6 Puts $890M Put Value 3.59 P/C Ratio

Top Calls

SymbolSharesValueStatus
HLF 6,300,000 $54M
VTRS 5,000,000 $45M NEW
HGV 575,000 $24M
PTON 3,000,000 $21M
GMED 300,000 $18M NEW
CWH 1,000,000 $17M NEW
TEVA 1,000,000 $17M NEW
CZR 500,000 $14M
URGN 1,000,000 $14M NEW
RH 50,000 $9M NEW

Top Puts

SymbolSharesValueStatus
IWM 3,600,000 $777M
XBI 800,000 $66M
KRYS 200,000 $27M NEW
LYV 130,300 $20M
HYG $0 SOLD
QQQ $0 SOLD

New Positions

SymbolValue% Port
NKTR $18M 1.44%
JCAP $11M 0.87%
TLSI $11M 0.86%
JACK $10M 0.82%
FLWS $10M 0.77%
DKS $8M 0.62%
RAPT $8M 0.60%
ADCT $6M 0.48%
ITOS $6M 0.47%
DSGR $6M 0.46%
HAIN $5M 0.36%
UNCY $5M 0.36%
CRTX $4M 0.33%
VERV $4M 0.29%
DXLG $3M 0.23%

Sold Out Positions

SymbolValue% Port
RH —%
LXRX —%
IWM —%
RCKT —%
OPTN —%
LAZY —%
OMI —%
ZYXI —%
View SEC EDGAR Filings for Nantahala Capital Management, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms