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22NW, LP

Q4 2025 · Filed 2026-02-13
Market Value
$234M
+15.1%
Holdings
18
-1
New Purchases
1
Added To
2
Closed
1
Reduced
2
Top 10 Concentration
90.8%
Turnover
11.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ANEB 36.21% 19.01% +17.20% $85M
NSP 1.59% 0.00% +1.59% $4M
RGNX 5.68% 4.38% +1.30% $13M
MEC 3.31% 2.71% +0.61% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FSTR 13.71% 17.40% -3.68% $32M
NKTR 5.98% 9.26% -3.28% $14M
RZLT 0.83% 3.79% -2.96% $2M
DHX 0.00% 2.78% -2.78% $0
SRI 5.42% 7.89% -2.46% $13M
CULP 2.83% 4.08% -1.25% $7M
MLYS 5.56% 6.68% -1.12% $13M
UFI 1.27% 2.29% -1.01% $3M
PFX 2.23% 2.75% -0.53% $5M
FARM 1.22% 1.64% -0.42% $3M
ELDN 0.41% 0.81% -0.40% $961K
MGTX 1.99% 2.37% -0.38% $5M
CMT 1.91% 2.25% -0.34% $4M
LNDC 9.84% 9.90% -0.07% $23M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Small Cap 8 $90M 38.7%
Micro Cap 10 $144M 61.3%

Portfolio Analytics

Avg Market Cap
$458M
Median Market Cap
$248M
Avg P/E
27.9
Median P/E
27.9
Avg Dividend Yield
0.00%
Avg Beta
0.81
# Stocks
18
# ETFs / Funds
0

Top Holdings (18 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ANEB 36.21% 15,467,300 $85M $5.48 $46M
2 FSTR 13.71% 1,191,046 $32M $26.95 -$3M -122,075 -9.3%
3 LNDC 9.84% 1,254 $23M $18,362.21 $3M
4 NKTR 5.98% 331,115 $14M $42.28 -$5M
5 RGNX 5.68% 923,679 $13M $14.40 $4M
6 MLYS 5.56% 358,325 $13M $36.29 -$584K
7 SRI 5.42% 2,192,764 $13M $5.79 -$3M +87,164 +4.1%
8 MEC 3.31% 414,280 $8M $18.72 $2M +14,390 +3.6%
9 CULP 2.83% 1,859,061 $7M $3.56 -$2M
10 PFX 2.23% 117,885 $5M $44.18 -$394K
11 MGTX 1.99% 586,519 $5M $7.95 -$164K
12 CMT 1.91% 222,738 $4M $20.05 -$111K
13 NSP 1.59% 96,300 $4M $38.72 +96,300 NEW
14 UFI 1.27% 852,455 $3M $3.50 -$2M -125,184 -12.8%
15 FARM 1.22% 1,955,526 $3M $1.46 -$489K
16 RZLT 0.83% 820,653 $2M $2.36 -$6M
17 ELDN 0.41% 636,364 $961K $1.51 -$687K
18 DHX —% -$6M -2,036,988 -100.0% SOLD

New Positions

SymbolValue% Port
NSP $4M 1.59%

Sold Out Positions

SymbolValue% Port
DHX —%
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