Fund HoldingsNantahala Capital Management, LLC

Total Portfolio Value
$3.02B
Total Bought
$504.43M
Total Sold
$476.83M
Net Transaction
+$27.61M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
SPDR SERIES TRUST(Put)
ST STR SP BIOT
0400,000+400,000048,772+48,772
HERBALIFE LTD(HLF)(Call)6,800,0007,800,000+1,000,00057,392100,542+43,150
GOGO INC06,792,649+6,792,649031,6541.05%+31,654
ISHARES TR0117,159+117,159028,8400.95%+28,840
TEVA PHARMACEUTICAL INDS LTD(TEVA)(Call)2,500,0002,500,000050,50078,025+27,525
HILTON GRAND VACATIONS INC(HGV)(Call)575,0001,075,000+500,00024,04148,106+24,066
ISHARES TR(Put)02,700,000+2,700,0000664,632+664,632
FOX FACTORY HLDG CORP(FOXF)02,188,300+2,188,300037,4421.24%+37,442
SOLENO THERAPEUTICS INC(Call)100,000502,000+402,0006,76023,243+16,483
TANGO THERAPEUTICS INC(TNGX)03,572,633+3,572,633031,6541.05%+31,654
CHIME FINL INC(CHYM)(Call)0600,000+600,000015,102+15,102
EDWARDS LIFESCIENCES CORP(Put)1,800,0001,800,0000139,986153,450+13,464
EVENTBRITE INC6,831,3956,854,718+23,32317,21530,5031.01%+13,288
SAVARA INC(SVRA)8,775,3757,344,783-1,430,59231,32844,2891.46%+12,961
VIATRIS INC(VTRS)(Call)5,000,0005,000,000049,50062,250+12,750
USANA HEALTH SCIENCES INC0585,074+585,074011,4850.38%+11,485
BIOCRYST PHARMACEUTICALS INC(BCRX)01,356,377+1,356,377010,5800.35%+10,580
CAMPING WORLD HLDGS INC01,058,542+1,058,542010,3000.34%+10,300
ADC THERAPEUTICS SA2,266,2895,475,433+3,209,1449,06519,3280.64%+10,263
PEPGEN INC01,547,229+1,547,229010,0720.33%+10,072
GOLDEN ENTMT INC0368,245+368,245010,0130.33%+10,013
LEXEO THERAPEUTICS INC01,000,000+1,000,00009,9300.33%+9,930
RAPT THERAPEUTICS INC623,282754,153+130,87116,07425,5430.84%+9,469
FOSSIL GROUP INC3,741,1575,064,359+1,323,2029,61519,0420.63%+9,427
XTANT MED HLDGS INC068,394,000+68,394,000053,6211.77%+53,621
PATHWARD FINANCIAL INC(CASH)0131,608+131,60809,3440.31%+9,344
BANCORP INC DEL(TBBK)852,3341,071,685+219,35163,83172,3602.39%+8,529
REGENERON PHARMACEUTICALS(REGN)(Call)40,00040,000022,49130,875+8,384
INTEGER HLDGS CORP(ITGR)0102,000+102,00008,0000.26%+8,000
RAYONIER ADVANCED MATLS INC510,5101,800,000+1,289,4903,68610,6020.35%+6,916
RH(RH)037,791+37,79106,7700.22%+6,770
APYX MEDICAL CORPORATION03,974,091+3,974,091013,9090.46%+13,909
AVALO THERAPEUTICS INC(AVTX)1,235,0001,235,000015,69722,4280.74%+6,731
ASTRIA THERAPEUTICS INC1,069,5301,069,53007,78614,0000.46%+6,214
MIMEDX GROUP INC1,466,5662,416,389+949,82310,23716,3590.54%+6,122
BIOVENTUS INC(BVS)5,810,6626,047,403+236,74138,87344,9931.49%+6,119
FULCRUM THERAPEUTICS INC4,670,7844,293,346-377,43842,97148,5581.61%+5,587
ASSERTIO HOLDINGS INC0587,335+587,33505,3270.18%+5,327
TRISALUS LIFE SCIENCES INC02,070,827+2,070,827014,4540.48%+14,454
KORRO BIO INC0600,000+600,00004,8060.16%+4,806
FRACTYL HEALTH INC12,136,91710,846,440-1,290,47719,29823,8620.79%+4,564
JACK IN THE BOX INC600,000865,990+265,99011,86216,4110.54%+4,549
INHIBIKASE THERAPEUTICS INC03,929,292+3,929,29208,0550.27%+8,055
LB PHARMACEUTICALS INC(LBRX)675,000675,000010,65815,0260.50%+4,367
OPUS GENETICS INC3,345,9234,781,330+1,435,4075,5219,6100.32%+4,090
ANTERIS TECHNOLOGIES GLOBAL(AVR)1,918,6662,530,910+612,2448,63412,6290.42%+3,995
SILENCE THERAPEUTICS PLC01,542,427+1,542,42709,3780.31%+9,378
MARA HOLDINGS INC(MARA)00003,9450.13%+3,945
QUINCE THERAPEUTICS INC3,073,7292,672,429-401,3005,0108,9530.30%+3,942
RIDENOW GROUP INC3,272,8453,272,845014,40118,0660.60%+3,666
ARVINAS INC0300,000+300,00003,5580.12%+3,558
EVOLUS INC05,820,649+5,820,649038,7071.28%+38,707
HERBALIFE LTD(HLF)942,431881,857-60,5747,95411,3670.38%+3,413
PELOTON INTERACTIVE INC(PTON)3,697,7005,932,676+2,234,97633,27936,5451.21%+3,266
ALIGN TECHNOLOGY INC(Call)100,000100,000012,52215,615+3,093
JEFFERSON CAPITAL INC(JCAP)0600,000+600,000013,4040.44%+13,404
ORTHOPEDIATRICS CORP49,449199,449+150,0009163,5420.12%+2,626
GLOBUS MED INC(GMED)300,000224,962-75,03817,18119,6410.65%+2,460
SOLENO THERAPEUTICS INC01,314,002+1,314,002060,8382.01%+60,838
IMMUNIC INC04,378,406+4,378,40602,3370.08%+2,337
UPSTREAM BIO INC594,971494,971-100,00011,19113,4380.44%+2,247
HAIN CELESTIAL GROUP INC3,000,0006,528,789+3,528,7894,7406,9860.23%+2,246
SURROZEN INC229,527229,52702,9575,1870.17%+2,230
BENITEC BIOPHARMA INC838,0951,038,371+200,27611,75813,9870.46%+2,228
X4 PHARMACEUTICALS INC2,228,3502,449,468+221,1187,6219,7980.32%+2,177
DISTRIBUTION SOLUTIONS GRP I(DSGR)230,339330,000+99,6616,9299,0390.30%+2,110
ABEONA THERAPEUTICS INC04,963,052+4,963,052026,1550.86%+26,155
RIDENOW GROUP INC(Call)1,700,0001,700,00007,4809,384+1,904
KEZAR LIFE SCIENCES INC
COM NEW
0276,754+276,75401,7410.06%+1,741
VAXCYTE INC(PCVX)(Call)035,200+35,20001,624+1,624
NEUROPACE INC0295,089+295,08904,5560.15%+4,556
UNICYCIVE THERAPEUTICS INC0939,202+939,20205,4190.18%+5,419
COLUMBUS MCKINNON CORP N Y450,000450,00006,4537,7630.26%+1,310
ACHIEVE LIFE SCIENCES INC648,885648,88502,0443,2250.11%+1,181
KEROS THERAPEUTICS INC(Call)250,000250,00003,9555,090+1,135
SCULLY ROYALTY LTD368,182368,18202,2093,1480.10%+939
MONTE ROSA THERAPEUTICS INC(GLUE)057,991+57,99109090.03%+909
TALPHERA INC3,492,5193,492,51903,1203,9810.13%+862
AYTU BIOPHARMA INC01,086,812+1,086,81202,8260.09%+2,826
DIANTHUS THERAPEUTICS INC(DNTH)375,000375,000014,75615,4540.51%+698
VIEMED HEALTHCARE INC0932,445+932,44506,9280.23%+6,928
VYNE THERAPEUTICS INC01,000,000+1,000,00005800.02%+580
GRACE THERAPEUTICS INC1,178,2031,178,20303,5114,0770.13%+566
EHEALTH INC1,761,4411,761,44107,5928,1030.27%+511
BIOMX INC0114,795+114,79502150.01%+215
NUVATION BIO INC(NUVB)0626,191+626,19102070.01%+207
HILTON GRAND VACATIONS INC(HGV)01,561,622+1,561,622069,8832.31%+69,883
CG ONCOLOGY INC(CGON)109,449109,44904,4094,5440.15%+136
NOODLES & CO04,124,708+4,124,70802,9120.10%+2,912
LUCID DIAGNOSTICS INC094,541+94,54101030.00%+103
TITAN MACHY INC01,220,520+1,220,520018,3570.61%+18,357
PERFECT CORP016,075+16,075000.00%0
ABEONA THERAPEUTICS INC(Call)0520,000+520,00002,740+2,740
GUARDFORCE AI CO LTD0154,205+154,2050230.00%+23
ACME UTD CORP020,427+20,42708230.03%+823
PERFECT CORP0583,925+583,92501,0570.03%+1,057
APREA THERAPEUTICS INC0205,760+205,76001760.01%+176
SPAR GROUP INC660,688660,68806815320.02%-148
ANIKA THERAPEUTICS INC20,9610-20,9611970-197
PAYONEER GLOBAL INC(PAYO)0483,836+483,83602,7190.09%+2,719
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