Fund Holdings

Nantahala Capital Management, LLC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
EDWARDS LIFESCIENCES CORP(Put)01,800,000+1,800,0000139,986,000+139,986,000
ABIVAX SA(ABVX)1,482,994557,564-925,43011,344,90447,337,1842.92%+35,992,280
TEVA PHARMACEUTICAL INDS LTD(TEVA)(Call)1,000,0002,500,000+1,500,00016,760,00050,500,000+33,740,000
UNIQURE NV(QURE)2,051,8521,007,492-1,044,36028,602,81758,807,3083.63%+30,204,491
REGENERON PHARMACEUTICALS(REGN)(Call)040,000+40,000022,490,800+22,490,800
PELOTON INTERACTIVE INC(PTON)(Call)3,000,0004,500,000+1,500,00020,820,00040,500,000+19,680,000
FRACTYL HEALTH INC012,136,917+12,136,917019,297,6981.19%+19,297,698
GLOBUS MED INC(GMED)0300,000+300,000017,181,0001.06%+17,181,000
DIANTHUS THERAPEUTICS INC(DNTH)0375,000+375,000014,756,2500.91%+14,756,250
CAMPING WORLD HLDGS INC(Call)1,000,0002,000,000+1,000,00017,190,00031,580,000+14,390,000
ROBINHOOD MKTS INC(HOOD)(Put)0100,000+100,000014,318,000+14,318,000
FULCRUM THERAPEUTICS INC4,288,2994,670,784+382,48529,503,49742,971,2132.65%+13,467,716
ALIGN TECHNOLOGY INC(Call)0100,000+100,000012,522,000+12,522,000
GERON CORP(GERN)09,025,000+9,025,000012,364,2500.76%+12,364,250
SAVARA INC(SVRA)8,325,3758,775,375+450,00018,981,85531,328,0891.93%+12,346,234
AVALO THERAPEUTICS INC(AVTX)995,0001,235,000+240,0004,965,05015,696,8500.97%+10,731,800
LB PHARMACEUTICALS INC(LBRX)0675,000+675,000010,658,2500.66%+10,658,250
PELOTON INTERACTIVE INC(PTON)3,267,7373,697,700+429,96322,678,09533,279,3002.06%+10,601,205
MIMEDX GROUP INC01,466,566+1,466,566010,236,6310.63%+10,236,631
PALVELLA THERAPEUTICS INC NE(PVLA)250,062250,06205,636,39715,676,3870.97%+10,039,990
DARIOHEALTH CORP0563,233+563,23309,772,0930.60%+9,772,093
COGENT BIOSCIENCES INC(COGT)1,655,6891,506,989-148,70011,887,84721,640,3621.34%+9,752,515
ETON PHARMACEUTICALS INC(ETON)1,175,9511,175,951016,757,30225,553,4151.58%+8,796,113
BANCORP INC DEL(TBBK)968,503852,334-116,16955,175,61663,831,2933.94%+8,655,677
RAPT THERAPEUTICS INC951,613623,282-328,3317,612,90416,074,4430.99%+8,461,539
CYTOKINETICS INC(CYTK)0150,000+150,00008,244,0000.51%+8,244,000
KRYSTAL BIOTECH INC(KRYS)(Put)200,000200,000027,492,00035,306,000+7,814,000
X4 PHARMACEUTICALS INC02,228,350+2,228,35007,620,9570.47%+7,620,957
DELCATH SYS INC0666,435+666,43507,164,1760.44%+7,164,176
AMNEAL PHARMACEUTICALS INC(AMRX)4,367,4384,224,564-142,87435,332,57342,287,8862.61%+6,955,313
RIDENOW GROUP INC3,272,8453,272,84507,560,27214,400,5180.89%+6,840,246
STRUCTURE THERAPEUTICS INC168,553368,553+200,0003,495,78910,319,4840.64%+6,823,695
SOLENO THERAPEUTICS INC(Call)0100,000+100,00006,760,000+6,760,000
XENCOR INC(XNCR)820,1031,100,000+279,8976,446,01012,903,0000.80%+6,456,990
ZEVRA THERAPEUTICS INC1,471,9361,971,936+500,00012,967,75618,753,1121.16%+5,785,356
1 800 FLOWERS COM INC2,000,0003,368,065+1,368,0659,840,00015,493,0990.96%+5,653,099
NEKTAR THERAPEUTICS(NKTR)709,761418,522-291,23918,340,22423,813,9021.47%+5,473,678
ESTABLISHMENT LABS HLDGS INC(ESTA)1,775,5301,973,492+197,96275,832,88680,893,4375.00%+5,060,551
VIATRIS INC(VTRS)(Call)5,000,0005,000,000044,650,00049,500,000+4,850,000
UPSTREAM BIO INC594,971594,97106,532,78211,191,4050.69%+4,658,623
CG ONCOLOGY INC(CGON)0109,449+109,44904,408,6060.27%+4,408,606
BRC INC02,630,517+2,630,51704,103,6070.25%+4,103,607
AGIOS PHARMACEUTICALS INC(AGIO)0100,000+100,00004,014,0000.25%+4,014,000
BIOVENTUS INC5,280,8425,810,662+529,82034,959,17438,873,3292.40%+3,914,155
SPDR SERIES TRUST(Put)800,000700,000-100,00066,344,00070,140,000+3,796,000
DISC MEDICINE INC(IRON)287,800287,800015,241,88819,017,8241.17%+3,775,936
RAYONIER ADVANCED MATLS INC0510,510+510,51003,685,8820.23%+3,685,882
RIDENOW GROUP INC(Call)1,700,0001,700,00003,927,0007,480,000+3,553,000
AQUESTIVE THERAPEUTICS INC0600,000+600,00003,354,0000.21%+3,354,000
COLUMBUS MCKINNON CORP N Y203,628450,000+246,3723,109,4006,453,0000.40%+3,343,600
ANEBULO PHARMACEUTICALS INC3,036,3253,036,32504,372,3087,590,8120.47%+3,218,504
HERBALIFE LTD(HLF)(Call)6,300,0006,800,000+500,00054,306,00057,392,000+3,086,000
VISTAGEN THERAPEUTICS INC1,978,4921,978,49203,956,9847,023,6470.43%+3,066,663
DESTINATION XL GROUP INC2,576,7744,505,000+1,928,2262,860,2195,901,5500.36%+3,041,331
ADC THERAPEUTICS SA2,266,2892,266,28906,073,6559,065,1560.56%+2,991,501
INSPIREMD INC2,318,0173,376,484+1,058,4675,261,8998,137,3270.50%+2,875,428
KODIAK SCIENCES INC(KOD)590,884290,884-300,0002,203,9974,761,7710.29%+2,557,774
CENTESSA PHARMACEUTICALS PLC554,803404,803-150,0007,290,1119,816,4730.61%+2,526,362
MAZE THERAPEUTICS INC(MAZE)093,351+93,35102,420,5910.15%+2,420,591
OPUS GENETICS INC3,345,9233,345,92303,152,1945,520,7730.34%+2,368,579
ANTERIS TECHNOLOGIES GLOBAL1,693,6661,918,666+225,0006,418,9948,633,9970.53%+2,215,003
TALPHERA INC1,992,5193,492,519+1,500,000916,9573,119,5180.19%+2,202,561
SOLID BIOSCIENCES INC1,703,3361,699,258-4,0788,295,24610,484,4220.65%+2,189,176
ASSERTIO HOLDINGS INC8,810,0738,810,07305,649,0197,759,9120.48%+2,110,893
FOSSIL GROUP INC5,087,8033,741,157-1,346,6467,529,9489,614,7730.59%+2,084,825
ASTRIA THERAPEUTICS INC1,069,5301,069,53005,732,6817,786,1780.48%+2,053,497
BENITEC BIOPHARMA INC838,095838,09509,805,71211,758,4730.73%+1,952,761
EHEALTH INC1,311,4411,761,441+450,0005,704,7687,591,8110.47%+1,887,043
DYNE THERAPEUTICS INC(DYN)745,062702,884-42,1787,092,9908,891,4830.55%+1,798,493
LIVE NATION ENTERTAINMENT IN(LYV)(Put)130,300130,300019,711,78421,291,020+1,579,236
GAIA INC NEW914,618914,61804,015,1735,414,5390.33%+1,399,366
JACK IN THE BOX INC600,000600,000010,476,00011,862,0000.73%+1,386,000
MINERALYS THERAPEUTICS INC(MLYS)353,982158,713-195,2694,789,3766,018,3970.37%+1,229,021
DISTRIBUTION SOLUTIONS GRP I(DSGR)210,800230,339+19,5395,790,6766,928,5970.43%+1,137,921
SCPHARMACEUTICALS INC995,438861,277-134,1613,792,6194,883,4410.30%+1,090,822
STRUCTURE THERAPEUTICS INC(Call)150,000150,00003,111,0004,200,000+1,089,000
IMAX CORP1,133,993996,150-137,84331,706,44432,623,9122.01%+917,468
ORTHOPEDIATRICS CORP049,449+49,4490916,2900.06%+916,290
SURROZEN INC229,527229,52702,051,9712,957,4550.18%+905,484
HERBALIFE LTD(HLF)822,298942,431+120,1337,088,2097,954,1180.49%+865,909
QUINCE THERAPEUTICS INC2,528,3023,073,729+545,4274,171,6985,010,1780.31%+838,480
RH(RH)(Call)50,00050,00009,450,50010,158,000+707,500
KEROS THERAPEUTICS INC(Call)250,000250,00003,337,5003,955,000+617,500
ALTISOURCE PORTFOLIO SOLUTIO2,477,3122,477,31201,263,4291,734,1180.11%+470,689
EVENTBRITE INC6,381,3956,831,395+450,00016,783,06917,215,1151.06%+432,046
EVOKE PHARMA INC148,153148,1530385,198736,3200.05%+351,122
CONTEXT THERAPEUTICS INC1,935,4841,661,950-273,5341,268,1291,610,0970.10%+341,968
EDESA BIOTECH INC625,000625,00001,268,7501,543,7500.10%+275,000
READING INTL INC1,921,0881,921,08802,574,2582,823,9990.17%+249,741
ALTISOURCE PORTFOLIO SOLUTIO2,477,3122,477,31201,238,6561,436,8410.09%+198,185
ANIKA THERAPEUTICS INC020,961+20,9610197,0330.01%+197,033
BIOMX INC2,493,3092,493,30901,121,9891,308,9870.08%+186,998
HAIN CELESTIAL GROUP INC3,000,0003,000,00004,560,0004,740,0000.29%+180,000
ALTA EQUIPMENT GROUP INC1,042,769934,774-107,9956,590,3006,767,7640.42%+177,464
HILTON GRAND VACATIONS INC(HGV)(Call)575,000575,000023,879,75024,040,750+161,000
SCULLY ROYALTY LTD368,182368,18202,135,4562,209,0920.14%+73,636
SPAR GROUP INC660,688660,6880634,260680,5090.04%+46,249
ACHIEVE LIFE SCIENCES INC898,885648,885-250,0002,031,4802,043,9880.13%+12,508
GRACE THERAPEUTICS INC1,178,2031,178,20303,499,2633,511,0450.22%+11,782
CODEXIS INC4,030,6194,030,61909,834,7109,834,7100.61%0
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