Archon Capital Management LLC In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Archon Capital Management LLC reported 30 stock positions worth $211.8 million . Its top holding was Ezcorp Class A (EZPW) at 9.6% of the portfolio, followed by Accuray (ARAY, 7.6% ) and Pacira Biosciences (PCRX, 7.4% ). Compared with Q4 2023, it opened 5 new positions, sold out of 7, added to 9 and reduced 10. The biggest buy was a new position in Pacira Biosciences (PCRX) and the biggest sale Orasure Technologies (OSUR, shares −83% ).
Location Seattle, WA
CIK 0001398825
Portfolio Value $211.8M (Q1 2024) Holdings 30 stocks · $211.8M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 EZPW Ezcorp Inc. Class A 1,795,259 $20.3M No change ARAY Accuray Inc. 6,512,479 $16.1M No change PCRX Pacira Biosciences Inc. 536,525 $15.7M New RRGB Red Robin Gourmet Burgers 1,870,692 $14.3M No change ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN 202,900 $13.3M Add +17.4% STIM Neuronetics Inc. 2,537,097 $12.1M No change KRMD Koru Medical Systems Inc. 3,951,393 $9.3M Add +6.2% CTLP Cantaloupe Inc. 1,434,125 $9.2M Add +8.2% FOCL Edap TMS SA -ADR 1,208,308 $8.9M No change KTOS Kratos Defense & Security 450,487 $8.3M Add +1102.5% STXS Stereotaxis Inc. 2,502,911 $6.5M Reduce -16.0% BMBL Bumble Inc. Class A 561,237 $6.4M New ASUR Asure Software Inc. 807,010 $6.3M Reduce -22.0% LYTS Lsi Industries Inc. 394,760 $6.0M Add +3.0% KOPN Kopin Corp. 3,192,786 $5.7M Reduce -33.4% CMTL Comtech Telecommunications 1,655,473 $5.7M Add +15.4% PBPB Potbelly Corp. 462,671 $5.6M Reduce -64.3% LIVEPERSON INC 5,326,737 $5.3M New CVRX CVRX Inc. 284,408 $5.2M Reduce -0.4% DHX Dhi Group Inc. 2,009,490 $5.1M Add +0.3% APYX Apyx Medical Corp. 3,452,030 $4.7M No change EMKR Emcore Corp. 12,552,577 $4.3M Add +65.1% HNST The Honest Co. Inc. 890,890 $3.6M Reduce -70.2% ZUO Zuora Inc. Class A 383,320 $3.5M Reduce -69.1% TTMI TTM Technologies 197,894 $3.1M New LPTH Lightpath Technologies Inc. Class A 2,082,934 $2.9M Add +1.8% TMCI Treace Medical Concepts Inc. 130,097 $1.7M Reduce -66.3% OSUR Orasure Technologies Inc. 206,742 $1.3M Reduce -83.3% HBIO Harvard Bioscience Inc. 260,858 $1.1M Reduce -6.6% BFLY Butterfly Network Inc. 325,564 $352K New
Options reported separately and not counted above: QQQ puts ($48.8M), SPY puts ($20.9M), IWM puts ($8.4M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ OSUR Orasure Technologies Inc. Reduce -83.3% 0.60% −3.59 ZUO Zuora Inc. Class A Reduce -69.1% 1.65% −3.15 PBPB Potbelly Corp. Reduce -64.3% 2.65% −2.92 HNST The Honest Co. Inc. Reduce -70.2% 1.70% −2.35 MAMA Mama's Creations Inc. Sold out 0.00% −2.18 EVBG Everbridge Inc. Sold out 0.00% −1.95 KOPN Kopin Corp. Reduce -33.4% 2.71% −1.29 INSP Inspire Medical Systems Inc. Sold out 0.00% −1.26 CVRX CVRX Inc. Reduce -0.4% 2.45% −1.25 TMCI Treace Medical Concepts Inc. Reduce -66.3% 0.80% −1.22 ASUR Asure Software Inc. Reduce -22.0% 2.96% −1.09 MTCH Match Group Inc. Sold out 0.00% −0.89 SKIN Skinhealth Systems Inc. Sold out 0.00% −0.30 HBIO Harvard Bioscience Inc. Reduce -6.6% 0.52% −0.09 OSS One Stop Systems Inc. Sold out 0.00% −0.07 BCOV Brightcove Sold out 0.00% −0.02 STXS Stereotaxis Inc. Reduce -16.0% 3.08% +0.94
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ PCRX Pacira Biosciences Inc. New 7.40% +7.40 KTOS Kratos Defense & Security Add +1102.5% 3.91% +3.60 BMBL Bumble Inc. Class A New 3.01% +3.01 LIVEPERSON INC New 2.51% +2.51 TTMI TTM Technologies New 1.46% +1.46 ZM Zoom Communications Inc. Add +17.4% 6.26% +1.14 KRMD Koru Medical Systems Inc. Add +6.2% 4.40% +0.64 LYTS Lsi Industries Inc. Add +3.0% 2.82% +0.60 EMKR Emcore Corp. Add +65.1% 2.04% +0.51 CTLP Cantaloupe Inc. Add +8.2% 4.35% +0.31 LPTH Lightpath Technologies Inc. Class A Add +1.8% 1.36% +0.30 DHX Dhi Group Inc. Add +0.3% 2.42% +0.28 BFLY Butterfly Network Inc. New 0.17% +0.17 CMTL Comtech Telecommunications Add +15.4% 2.68% −2.30
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Reduce -26.2% 110,000 $48.8M SPY SS SPDR S&P 500 ETF Trust-US put Reduce -72.4% 40,000 $20.9M IWM iShares Russell 2000 ETF put Reduce -74.5% 40,000 $8.4M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 43 $246.3M BAND, OMDA, TDC, SVV, SFIX Q1 2026 44 $177.0M BAND, APYX, SVV, BRZE, OMDA Q4 2025 48 $175.8M SVV, APYX, OMDA, TDC, BW Q3 2025 46 $167.9M SVV, EZPW, REAL, BRZE, PL Q2 2025 48 $122.0M SVV, APYX, PBPB, ORN, EZPW Q1 2025 45 $94.9M SVV, PBPB, ZM, APYX, FARO Q4 2024 36 $83.1M SN, EZPW, LPTH, APYX, PBPB Q3 2024 21 $53.3M EZPW, KTOS, PBPB, APYX, TWLO Q2 2024 22 $86.0M EZPW, RRGB, FOCL, ASUR, KTOS Q1 2024 30 $211.8M EZPW, ARAY, PCRX, RRGB, ZM