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Asset Manager ← All Institutions

Nantahala Capital Management, LLC

Q4 2025 · Filed 2026-02-13
Market Value
$1.5B
+2.6%
Holdings
124
-7
New Purchases
14
Added To
28
Closed
16
Reduced
28
Top 10 Concentration
34.0%
Turnover
24.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOGO 2.08% 0.00% +2.08% $32M
IWM 1.89% 0.00% +1.89% $29M
FOXF 2.46% 1.19% +1.27% $37M
TNGX 2.08% 1.02% +1.05% $32M
EB 2.00% 1.16% +0.84% $31M
SVRA 2.91% 2.11% +0.80% $44M
USNA 0.75% 0.00% +0.75% $11M
BCRX 0.69% 0.00% +0.69% $11M
CWH 0.68% 0.00% +0.68% $10M
PEPG 0.66% 0.00% +0.66% $10M
ADCT 1.27% 0.61% +0.66% $19M
GDEN 0.66% 0.00% +0.66% $10M
LXEO 0.65% 0.00% +0.65% $10M
FOSL 1.25% 0.65% +0.60% $19M
RAPT 1.68% 1.08% +0.59% $26M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
QURE 1.10% 3.96% -2.86% $17M
ABVX 1.36% 3.19% -1.83% $21M
NKTR 0.31% 1.60% -1.29% $5M
PVLA 0.00% 1.06% -1.06% $0
IMAX 1.16% 2.20% -1.04% $18M
COGT 0.58% 1.46% -0.88% $9M
KROS 0.48% 1.31% -0.83% $7M
AMRX 2.02% 2.85% -0.82% $31M
ESTA 4.73% 5.45% -0.72% $72M
XNCR 0.17% 0.87% -0.70% $3M
GPCR 0.00% 0.70% -0.70% $0
DYN 0.00% 0.60% -0.60% $0
IRON 0.69% 1.28% -0.59% $11M
RDVT 0.00% 0.58% -0.58% $0
CYTK 0.00% 0.56% -0.56% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 2 $48M 3.2%
Mid Cap 19 $412M 27.1%
Small Cap 59 $725M 47.6%
Micro Cap 44 $338M 22.2%

Portfolio Analytics

Avg Market Cap
$1.8B
Median Market Cap
$464M
Avg P/E
34.1
Median P/E
20.2
Avg Dividend Yield
0.00%
Avg Beta
1.08
# Stocks
123
# ETFs / Funds
1

Top Holdings (124 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TBBK 4.75% 1,071,685 $72M $67.52 $9M +219,351 +25.7%
2 ESTA 4.73% 987,689 $72M $72.88 -$9M -985,803 -50.0%
3 HGV 4.59% 1,561,622 $70M $44.75 $154K -106,131 -6.4%
4 XTNT 3.52% 68,394,000 $54M $0.78 $9M
5 FULC 3.19% 4,293,346 $49M $11.31 $6M -377,438 -8.1%
6 BVS 2.95% 6,047,403 $45M $7.44 $6M +236,741 +4.1%
7 SVRA 2.91% 7,344,783 $44M $6.03 $13M -1,430,592 -16.3%
8 EOLS 2.54% 5,820,649 $39M $6.65 $4M +93,792 +1.6%
9 FOXF 2.46% 2,188,300 $37M $17.11 $20M +1,459,652 +200.3%
10 PTON 2.40% 5,932,676 $37M $6.16 $3M +2,234,976 +60.4%
11 GOGO 2.08% 6,792,649 $32M $4.66 +6,792,649 NEW
12 TNGX 2.08% 3,572,633 $32M $8.86 $16M +1,762,685 +97.4%
13 AMRX 2.02% 2,447,516 $31M $12.60 -$11M -1,777,048 -42.1%
14 EB 2.00% 6,854,718 $31M $4.45 $13M +23,323 +0.3%
15 IWM 1.89% 117,159 $29M $246.16 +117,159 NEW
16 0H7R.L 1.72% 4,963,052 $26M $5.27 $2M +398,387 +8.7%
17 RAPT 1.68% 754,153 $26M $33.87 $9M +130,871 +21.0%
18 GUTS 1.57% 10,846,440 $24M $2.20 $5M -1,290,477 -10.6%
19 ABVX 1.36% 153,235 $21M $134.86 -$27M -404,329 -72.5%
20 ETON 1.31% 1,175,951 $20M $16.91 -$6M
21 GMED 1.29% 224,962 $20M $87.31 $2M -75,038 -25.0%
22 ADCT 1.27% 5,475,433 $19M $3.53 $10M +3,209,144 +141.6%
23 FOSL 1.25% 5,064,359 $19M $3.76 $9M +1,323,202 +35.4%
24 TITN 1.21% 1,220,520 $18M $15.04 $6K +124,288 +11.3%
25 RDNW 1.19% 3,272,845 $18M $5.52 $4M
26 IMAX 1.16% 477,092 $18M $36.96 -$15M -519,058 -52.1%
27 RMR 1.12% 1,147,902 $17M $14.90 -$953K
28 QURE 1.10% 699,298 $17M $23.93 -$42M -308,194 -30.6%
29 JACK 1.08% 865,990 $16M $18.95 $5M +265,990 +44.3%
30 MDXG 1.07% 2,416,389 $16M $6.77 $6M +949,823 +64.8%
31 CRMT 1.07% 644,686 $16M $25.26 -$3M
32 ZVRA 1.04% 1,771,936 $16M $8.96 -$3M -200,000 -10.1%
33 DNTH 1.01% 375,000 $15M $41.21 $698K
34 LBRX 0.99% 675,000 $15M $22.26 $4M
35 TLSI 0.95% 2,070,827 $14M $6.98 $5M +30,582 +1.5%
36 ATXS 0.92% 1,069,530 $14M $13.09 $6M
37 APYX 0.91% 3,974,091 $14M $3.50 $7M +636,043 +19.1%
38 UPB 0.88% 494,971 $13M $27.15 $2M -100,000 -16.8%
39 JCAP 0.88% 600,000 $13M $22.34 $3M
40 FLWS 0.87% 3,375,065 $13M $3.93 -$2M +7,000 +0.2%
41 SVC 0.85% 7,057,887 $13M $1.84 -$6M
42 AVR 0.83% 2,530,910 $13M $4.99 $4M +612,244 +31.9%
43 GERN 0.78% 9,025,000 $12M $1.32 -$451K
44 AURA 0.76% 2,117,697 $12M $5.45 -$2M
45 USNA 0.75% 585,074 $11M $19.63 +585,074 NEW
46 HLF 0.75% 881,857 $11M $12.89 $3M -60,574 -6.4%
47 RYAM 0.70% 1,800,000 $11M $5.89 $7M +1,289,490 +252.6%
48 BCRX 0.69% 1,356,377 $11M $7.80 +1,356,377 NEW
49 IRON 0.69% 132,800 $11M $79.41 -$8M -155,000 -53.9%
50 CWH 0.68% 1,058,542 $10M $9.73 +1,058,542 NEW
51 AMLX 0.66% 835,684 $10M $12.08 -$3M -100,000 -10.7%
52 PEPG 0.66% 1,547,229 $10M $6.51 +1,547,229 NEW
53 GDEN 0.66% 368,245 $10M $27.19 +368,245 NEW
54 LXEO 0.65% 1,000,000 $10M $9.93 +1,000,000 NEW
55 XFOR 0.64% 2,449,468 $10M $4.00 $2M +221,118 +9.9%
56 IRD 0.63% 4,781,330 $10M $2.01 $4M +1,435,407 +42.9%
57 SLN 0.62% 1,542,427 $9M $6.08 $4M +500,000 +48.0%
58 CASH 0.61% 131,608 $9M $71.00 $9M +123,267 +1477.8%
59 ILPT 0.61% 1,678,973 $9M $5.54 -$465K +3,700 +0.2%
60 DSGR 0.59% 330,000 $9M $27.39 $2M +99,661 +43.3%
61 CRTX 0.59% 2,672,429 $9M $3.35 $4M -401,300 -13.1%
62 COGT 0.58% 250,000 $9M $35.52 -$13M -1,256,989 -83.4%
63 EHTH 0.53% 1,761,441 $8M $4.60 $511K
64 ITGR 0.53% 102,000 $8M $78.43 +102,000 NEW
65 CMCO 0.51% 450,000 $8M $17.25 $1M
66 KROS 0.48% 360,419 $7M $20.36 -$12M -872,770 -70.8%
67 RSVR 0.47% 940,960 $7M $7.57 -$618K -10,000 -1.1%
68 HAIN 0.46% 6,528,789 $7M $1.07 $2M +3,528,789 +117.6%
69 VMD 0.45% 932,445 $7M $7.43 $597K
70 RH 0.44% 37,791 $7M $179.15 +37,791 NEW
71 CDXS 0.43% 3,990,169 $7M $1.63 -$3M -40,450 -1.0%
72 DRIO 0.42% 563,232 $6M $11.38 -$3M -1
73 CNTA 0.42% 254,803 $6M $25.01 -$3M -150,000 -37.1%
74 TELA 0.40% 5,111,588 $6M $1.18 -$2M
75 UNCY 0.36% 939,202 $5M $5.77 $1M
76 KRRO 0.32% 600,000 $5M $8.01 +600,000 NEW
77 NKTR 0.31% 112,946 $5M $42.28 -$19M -305,576 -73.0%
78 NPCE 0.30% 295,089 $5M $15.44 $2M
79 CGON 0.30% 109,449 $5M $41.52 $136K
80 ALTG 0.28% 934,774 $4M $4.60 -$2M
81 DXLG 0.27% 4,505,000 $4M $0.92 -$2M
82 MLYS 0.27% 113,285 $4M $36.29 -$2M -45,428 -28.6%
83 GRCE 0.27% 1,178,203 $4M $3.46 $566K
84 TLPH 0.26% 3,492,519 $4M $1.14 $862K
85 STKS 0.24% 2,121,084 $4M $1.75 -$3M
86 DHX 0.24% 2,374,027 $4M $1.55 -$3M
87 0LOV.L 0.23% 462,140 $4M $7.72 -$8M -830,763 -64.3%
88 ARVN 0.23% 300,000 $4M $11.86 +300,000 NEW
89 KIDS 0.23% 199,449 $4M $17.76 $3M +150,000 +303.3%
90 GAIA 0.22% 914,618 $3M $3.63 -$2M
91 AKBA 0.21% 2,000,000 $3M $1.61 -$2M
92 SRL 0.21% 368,182 $3M $8.55 $939K
93 NNBR 0.21% 2,441,416 $3M $1.28 -$2M
94 ANEB 0.20% 3,036,325 $3M $1.01 -$5M
95 CMPS 0.20% 443,293 $3M $6.90 -$7M -1,286,637 -74.4%
96 BRCC 0.19% 2,630,517 $3M $1.11 -$1M
97 PAYO 0.18% 483,836 $3M $5.62 -$208K
98 XNCR 0.17% 164,639 $3M $15.31 -$10M -935,361 -85.0%
99 ELUT 0.14% 3,184,947 $2M $0.69 -$629K
100 KOS 0.14% 2,344,194 $2M $0.91 -$722K +627,601 +36.6%

Options Breakdown

17 Calls $439M Call Value 6 Puts $885M Put Value 2.02 P/C Ratio

Top Calls

SymbolSharesValueStatus
HLF 7,800,000 $101M
TEVA 2,500,000 $78M
VTRS 5,000,000 $62M
HGV 1,075,000 $48M
PTON 6,500,000 $40M
REGN 40,000 $31M
CWH 2,000,000 $19M
ALGN 100,000 $16M
CHYM 600,000 $15M NEW
RDNW 1,700,000 $9M

Top Puts

SymbolSharesValueStatus
IWM 2,700,000 $665M
EW 1,800,000 $153M
XBI 400,000 $49M
LYV 130,300 $19M
KRYS $0 SOLD
HOOD $0 SOLD

New Positions

SymbolValue% Port
GOGO $32M 2.08%
IWM $29M 1.89%
USNA $11M 0.75%
BCRX $11M 0.69%
CWH $10M 0.68%
PEPG $10M 0.66%
GDEN $10M 0.66%
LXEO $10M 0.65%
ITGR $8M 0.53%
RH $7M 0.44%
KRRO $5M 0.32%
ARVN $4M 0.23%
GLUE $909K 0.06%
NUVB-WT $207K 0.01%

Sold Out Positions

SymbolValue% Port
MAZE —%
ELDN —%
DYN —%
AQST —%
ASRT —%
KOD —%
GPCR —%
DCTH —%
CYTK —%
CZR —%
RDVT —%
ANIK —%
AGIO —%
PVLA —%
EVOK —%
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