Archon Capital Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Archon Capital Management LLC reported 36 stock positions worth $83.1 million. Its top holding was Sharkninja (SN) at 8.0% of the portfolio, followed by Ezcorp Class A (EZPW, 6.3%) and Lightpath Technologies Class A (LPTH, 6.1%). Compared with Q3 2024, it opened 15 new positions, added to 6 and reduced 9. The biggest buy was a new position in Savers Value Village (SVV) and the biggest sale Kratos Defense & Security (KTOS, shares −69%).

Most Recent 13F
Q2 2026
Location
Seattle, WA
CIK
0001398825
Portfolio Value
$83.1M (Q4 2024)
SEC Filing
0000919574-25-001105 ↗ filed Feb 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $211.8M Q1 2024 Q2 2024: $86.0M Q2 2024 Q3 2024: $53.3M Q3 2024 Q4 2024: $83.1M $83.1M Q4 2024 Q1 2025: $94.9M Q1 2025 Q2 2025: $122.0M Q2 2025 Q3 2025: $167.9M Q3 2025 Q4 2025: $175.8M Q4 2025 Q1 2026: $177.0M Q1 2026 Q2 2026: $246.3M Q2 2026

Holdings 36 stocks · $83.1M
SN Sharkninja Inc. 8.04% 68,600 $6.7M Add +157.9%
EZPW Ezcorp Inc. Class A 6.30% 428,495 $5.2M Reduce -5.5%
LPTH Lightpath Technologies Inc. Class A 6.09% 1,433,855 $5.1M Reduce -14.1%
APYX Apyx Medical Corp. 5.97% 3,140,281 $5.0M Add +0.8%
PBPB Potbelly Corp. 5.76% 507,940 $4.8M No change
SVV Savers Value Village Inc. 4.75% 384,884 $3.9M New
TTMI TTM Technologies 3.89% 130,630 $3.2M Add +44.1%
CVRX CVRX Inc. 3.84% 251,666 $3.2M Reduce -16.6%
DY Dycom Industries Inc. 3.67% 17,497 $3.0M New
OSUR Orasure Technologies Inc. 3.60% 827,777 $3.0M Add +145.1%
STXS Stereotaxis Inc. 3.52% 1,283,897 $2.9M No change
KOPN Kopin Corp. 3.44% 2,100,000 $2.9M No change
OLO Olo Inc. Class A 3.33% 360,000 $2.8M New
ORN Orion Group Holdings Inc. 3.24% 366,599 $2.7M No change
FNKO Funko Inc. Class A 3.02% 187,500 $2.5M New
FOCL Edap TMS SA -ADR 2.61% 982,681 $2.2M Reduce -7.4%
ZM Zoom Communications Inc. 2.55% 26,000 $2.1M New
DHX Dhi Group Inc. 2.50% 1,173,743 $2.1M No change
BYRN Byrna Technologies Inc. 2.42% 69,782 $2.0M New
ARAY Accuray Inc. 2.12% 888,662 $1.8M Add +11.5%
SSTI Soundthinking Inc. 2.07% 131,538 $1.7M Add +40.6%
LYTS Lsi Industries Inc. 2.07% 88,348 $1.7M Reduce -39.0%
KTOS Kratos Defense & Security 2.02% 63,576 $1.7M Reduce -68.9%
RRGB Red Robin Gourmet Burgers 1.99% 301,334 $1.7M Reduce -37.5%
NPKI NPK International Inc. 1.91% 207,091 $1.6M New
FIVN FIVE9 Inc. 1.86% 38,000 $1.5M New
HCSG Healthcare Services Group 1.45% 104,000 $1.2M New
TWLO Twilio Inc. Class A 1.30% 10,000 $1.1M Reduce -82.9%
KRMD Koru Medical Systems Inc. 0.88% 188,900 $727K No change
SFIX Stitch Fix Inc. Class A 0.73% 140,000 $603K New
CTLP Cantaloupe Inc. 0.60% 52,112 $496K Reduce -80.8%
CGNT Cognyte Software Ltd. 0.59% 57,000 $493K New
TDUP Thredup Inc. Class A 0.56% 331,789 $461K New
TELA Tela Bio Inc. 0.55% 150,000 $453K New
LMB Limbach Holdings Inc. 0.53% 5,185 $444K New
OLPX Olaplex Holdings Inc. 0.23% 109,471 $189K New

Options reported separately and not counted above: IWM puts ($19.8M).

Portfolio Sells Q3 2024 → Q4 2024
KTOS Kratos Defense & Security Reduce -68.9% 2.02% −6.91
TWLO Twilio Inc. Class A Reduce -82.9% 1.30% −5.84
EZPW Ezcorp Inc. Class A Reduce -5.5% 6.30% −3.23
CTLP Cantaloupe Inc. Reduce -80.8% 0.60% −3.17
FOCL Edap TMS SA -ADR Reduce -7.4% 2.61% −2.46
LYTS Lsi Industries Inc. Reduce -39.0% 2.07% −2.32
RRGB Red Robin Gourmet Burgers Reduce -37.5% 1.99% −2.00
CVRX CVRX Inc. Reduce -16.6% 3.84% −1.14
LPTH Lightpath Technologies Inc. Class A Reduce -14.1% 6.09% +1.81

Portfolio Buys Q3 2024 → Q4 2024
SVV Savers Value Village Inc. New 4.75% +4.75
DY Dycom Industries Inc. New 3.67% +3.67
OLO Olo Inc. Class A New 3.33% +3.33
FNKO Funko Inc. Class A New 3.02% +3.02
SN Sharkninja Inc. Add +157.9% 8.04% +2.62
ZM Zoom Communications Inc. New 2.55% +2.55
BYRN Byrna Technologies Inc. New 2.42% +2.42
NPKI NPK International Inc. New 1.91% +1.91
FIVN FIVE9 Inc. New 1.86% +1.86
HCSG Healthcare Services Group New 1.45% +1.45
OSUR Orasure Technologies Inc. Add +145.1% 3.60% +0.89
TTMI TTM Technologies Add +44.1% 3.89% +0.79
SFIX Stitch Fix Inc. Class A New 0.73% +0.73
CGNT Cognyte Software Ltd. New 0.59% +0.59
TDUP Thredup Inc. Class A New 0.56% +0.56
TELA Tela Bio Inc. New 0.55% +0.55
LMB Limbach Holdings Inc. New 0.53% +0.53
OLPX Olaplex Holdings Inc. New 0.23% +0.23
SSTI Soundthinking Inc. Add +40.6% 2.07% +0.04
ARAY Accuray Inc. Add +11.5% 2.12% −0.57
APYX Apyx Medical Corp. Add +0.8% 5.97% −1.27

Options Activity Q3 2024 → Q4 2024
IWM iShares Russell 2000 ETF put New 89,800 $19.8M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 43$246.3MBAND, OMDA, TDC, SVV, SFIX
Q1 2026 44$177.0MBAND, APYX, SVV, BRZE, OMDA
Q4 2025 48$175.8MSVV, APYX, OMDA, TDC, BW
Q3 2025 46$167.9MSVV, EZPW, REAL, BRZE, PL
Q2 2025 48$122.0MSVV, APYX, PBPB, ORN, EZPW
Q1 2025 45$94.9MSVV, PBPB, ZM, APYX, FARO
Q4 2024 36$83.1MSN, EZPW, LPTH, APYX, PBPB
Q3 2024 21$53.3MEZPW, KTOS, PBPB, APYX, TWLO
Q2 2024 22$86.0MEZPW, RRGB, FOCL, ASUR, KTOS
Q1 2024 30$211.8MEZPW, ARAY, PCRX, RRGB, ZM