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22NW, LP

Q3 2025 · Filed 2025-11-14
Market Value
$203M
+32.2%
Holdings
19
-3
New Purchases
1
Added To
4
Closed
2
Reduced
4
Top 10 Concentration
85.2%
Turnover
15.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NKTR 9.26% 2.45% +6.81% $19M
ANEB 19.01% 14.48% +4.53% $39M
RZLT 3.79% 0.00% +3.79% $8M
MLYS 6.68% 4.93% +1.75% $14M
MEC 2.71% 1.61% +1.09% $6M
CMT 2.25% 2.06% +0.19% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LNDC 9.90% 14.71% -4.80% $20M
DHX 2.78% 6.37% -3.59% $6M
ARVN 0.00% 1.98% -1.98% $0
CMPS 0.00% 1.61% -1.61% $0
FSTR 17.40% 18.67% -1.27% $35M
PFX 2.75% 3.89% -1.13% $6M
UFI 2.29% 3.33% -1.04% $5M
SRI 7.89% 8.89% -1.01% $16M
CULP 4.08% 4.75% -0.67% $8M
RGNX 4.38% 4.93% -0.55% $9M
ELDN 0.81% 1.12% -0.31% $2M
MGTX 2.37% 2.49% -0.11% $5M
FARM 1.64% 1.74% -0.10% $3M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Small Cap 9 $95M 46.6%
Micro Cap 10 $109M 53.4%

Portfolio Analytics

Avg Market Cap
$460M
Median Market Cap
$264M
Avg P/E
27.9
Median P/E
27.9
Avg Dividend Yield
0.00%
Avg Beta
0.96
# Stocks
19
# ETFs / Funds
0

Top Holdings (19 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ANEB 19.01% 15,467,300 $39M $2.50 $16M
2 FSTR 17.40% 1,313,121 $35M $26.95 $7M
3 LNDC 9.90% 1,254 $20M $16,066.28 -$2M -262,926 -99.5%
4 NKTR 9.26% 331,115 $19M $56.90 $15M +185,000 +126.6%
5 SRI 7.89% 2,105,600 $16M $7.62 $2M +162,092 +8.3%
6 MLYS 6.68% 358,325 $14M $37.92 $6M -201,717 -36.0%
7 RGNX 4.38% 923,679 $9M $9.65 $1M
8 CULP 4.08% 1,859,061 $8M $4.46 $985K
9 RZLT 3.79% 820,653 $8M $9.40 +820,653 NEW
10 DHX 2.78% 2,036,988 $6M $2.78 -$4M -1,262,949 -38.3%
11 PFX 2.75% 117,885 $6M $47.52 -$377K
12 MEC 2.71% 399,890 $6M $13.76 $3M +244,440 +157.2%
13 MGTX 2.37% 586,519 $5M $8.23 $1M
14 UFI 2.29% 977,639 $5M $4.76 -$470K -3,896 -0.4%
15 CMT 2.25% 222,738 $5M $20.55 $1M +31,516 +16.5%
16 FARM 1.64% 1,955,526 $3M $1.71 $665K
17 ELDN 0.81% 636,364 $2M $2.59 -$76K
18 CMPS —% -$2M -882,844 -100.0% SOLD
19 ARVN —% -$3M -413,533 -100.0% SOLD

New Positions

SymbolValue% Port
RZLT $8M 3.79%

Sold Out Positions

SymbolValue% Port
ARVN —%
CMPS —%
View SEC EDGAR Filings for 22NW, LP →

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