Archon Capital Management LLC In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Archon Capital Management LLC reported 22 stock positions worth $86.0 million . Its top holding was Ezcorp Class A (EZPW) at 11.1% of the portfolio, followed by Red Robin Gourmet Burgers (RRGB, 10.4% ) and Edap TMS SA -ADR (FOCL, 7.2% ). Compared with Q1 2024, it opened 2 new positions, sold out of 10, added to 1 and reduced 19. The biggest buy was Potbelly (PBPB, shares +52% ) and the biggest sale an exit from Pacira Biosciences (PCRX).
Location Seattle, WA
CIK 0001398825
Portfolio Value $86.0M (Q2 2024) Holdings 22 stocks · $86.0M 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 Q1 2024 EZPW Ezcorp Inc. Class A 907,861 $9.5M Reduce -49.4% RRGB Red Robin Gourmet Burgers 1,187,229 $9.0M Reduce -36.5% FOCL Edap TMS SA -ADR 1,135,164 $6.2M Reduce -6.0% ASUR Asure Software Inc. 731,726 $6.1M Reduce -9.3% KTOS Kratos Defense & Security 303,442 $6.1M Reduce -32.6% ARAY Accuray Inc. 3,128,644 $5.7M Reduce -52.0% PBPB Potbelly Corp. 701,017 $5.6M Add +51.5% STIM Neuronetics Inc. 2,473,269 $4.5M Reduce -2.5% CTLP Cantaloupe Inc. 668,989 $4.4M Reduce -53.4% APYX Apyx Medical Corp. 3,115,281 $4.2M Reduce -9.8% LYTS Lsi Industries Inc. 240,395 $3.5M Reduce -39.1% ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN 56,300 $3.3M Reduce -72.3% STXS Stereotaxis Inc. 1,598,080 $2.9M Reduce -36.1% KRMD Koru Medical Systems Inc. 1,048,006 $2.8M Reduce -73.5% ORN Orion Group Holdings Inc. 271,387 $2.6M New LPTH Lightpath Technologies Inc. Class A 1,909,996 $2.4M Reduce -8.3% DRS Leonardo DRS Inc. 85,342 $2.2M New CVRX CVRX Inc. 164,338 $2.0M Reduce -42.2% DHX Dhi Group Inc. 617,191 $1.3M Reduce -69.3% HNST The Honest Co. Inc. 241,705 $706K Reduce -72.9% CMTL Comtech Telecommunications 231,567 $702K Reduce -86.0% LIVEPERSON INC 733,922 $426K Reduce -86.2%
Options reported separately and not counted above: IWM calls ($37.2M), CMTL calls ($212K).
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ PCRX Pacira Biosciences Inc. Sold out 0.00% −7.40 BMBL Bumble Inc. Class A Sold out 0.00% −3.01 KOPN Kopin Corp. Sold out 0.00% −2.71 ZM Zoom Communications Inc. Reduce -72.3% 3.87% −2.39 EMKR Emcore Corp. Sold out 0.00% −2.04 LIVEPERSON INC Reduce -86.2% 0.50% −2.01 CMTL Comtech Telecommunications Reduce -86.0% 0.82% −1.87 ZUO Zuora Inc. Class A Sold out 0.00% −1.65 TTMI TTM Technologies Sold out 0.00% −1.46 KRMD Koru Medical Systems Inc. Reduce -73.5% 3.23% −1.17 ARAY Accuray Inc. Reduce -52.0% 6.62% −0.97 DHX Dhi Group Inc. Reduce -69.3% 1.50% −0.92 HNST The Honest Co. Inc. Reduce -72.9% 0.82% −0.88 TMCI Treace Medical Concepts Inc. Sold out 0.00% −0.80 OSUR Orasure Technologies Inc. Sold out 0.00% −0.60 STIM Neuronetics Inc. Reduce -2.5% 5.18% −0.53 HBIO Harvard Bioscience Inc. Sold out 0.00% −0.52 BFLY Butterfly Network Inc. Sold out 0.00% −0.17 CVRX CVRX Inc. Reduce -42.2% 2.29% −0.15 STXS Stereotaxis Inc. Reduce -36.1% 3.38% +0.30 CTLP Cantaloupe Inc. Reduce -53.4% 5.13% +0.78 LYTS Lsi Industries Inc. Reduce -39.1% 4.04% +1.23 LPTH Lightpath Technologies Inc. Class A Reduce -8.3% 2.80% +1.44 EZPW Ezcorp Inc. Class A Reduce -49.4% 11.05% +1.45 APYX Apyx Medical Corp. Reduce -9.8% 4.85% +2.64 FOCL Edap TMS SA -ADR Reduce -6.0% 7.18% +2.99 KTOS Kratos Defense & Security Reduce -32.6% 7.06% +3.15 RRGB Red Robin Gourmet Burgers Reduce -36.5% 10.45% +3.68 ASUR Asure Software Inc. Reduce -9.3% 7.15% +4.18
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ PBPB Potbelly Corp. Add +51.5% 6.55% +3.90 ORN Orion Group Holdings Inc. New 3.00% +3.00 DRS Leonardo DRS Inc. New 2.53% +2.53
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 110,000 $48.8Mbefore exit IWM iShares Russell 2000 ETF call New 183,500 $37.2M SPY SS SPDR S&P 500 ETF Trust-US put Sold out 40,000 $20.9Mbefore exit IWM iShares Russell 2000 ETF put Sold out 40,000 $8.4Mbefore exit CMTL Comtech Telecommunications call New 70,000 $212K
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