Archon Capital Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Archon Capital Management LLC reported 46 stock positions worth $167.9 million. Its top holding was Savers Value Village (SVV) at 6.1% of the portfolio, followed by Ezcorp Class A (EZPW, 5.0%) and Realreal (REAL, 4.9%). Compared with Q2 2025, it opened 10 new positions, sold out of 12, added to 24 and reduced 10. The biggest buy was a new position in Omada Health (OMDA) and the biggest sale an exit from Potbelly (PBPB).
- Most Recent 13F
- Q2 2026
- Location
- Seattle, WA
- CIK
- 0001398825
- Portfolio Value
- $167.9M (Q3 2025)
- SEC Filing
- 0000919574-25-006910 ↗ filed Nov 14, 2025
Holdings Value
Holdings 46 stocks · $167.9M
| SVV Savers Value Village Inc. | 6.07% | 768,867 | $10.2M | Add +5.6% |
| EZPW Ezcorp Inc. Class A | 5.02% | 442,433 | $8.4M | Add +2.3% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 4.89% | 771,606 | $8.2M | Add +128.2% |
| BRZE Braze Inc. Class A | 4.48% | 264,447 | $7.5M | Add +476.5% |
| PL Planet Labs PBC | 4.20% | 543,700 | $7.1M | Add +210.7% |
| APYX Apyx Medical Corp. | 4.18% | 3,281,486 | $7.0M | No change |
| OMDA Omada Health Inc. | 3.97% | 301,312 | $6.7M | New |
| MPTI M-Tron Industries Inc. | 3.91% | 118,233 | $6.6M | Add +17.4% |
| TDC Teradata Corp. | 3.69% | 288,232 | $6.2M | Add +26.3% |
| BAND Bandwidth Inc. Class A | 3.46% | 348,934 | $5.8M | Add +19.6% |
| TWLO Twilio Inc. Class A | 3.36% | 56,300 | $5.6M | Add +81.6% |
| WIX Wix.com Ltd. | 3.27% | 30,900 | $5.5M | New |
| POWL Powell Industries Inc. | 3.27% | 18,000 | $5.5M | Add +41.7% |
| BW Babcock & Wilcox Enterpr | 3.20% | 1,855,545 | $5.4M | New |
| BULL Webull Corp. | 3.08% | 350,000 | $5.2M | New |
| LYTS Lsi Industries Inc. | 2.55% | 181,437 | $4.3M | Reduce -36.3% |
| HCSG Healthcare Services Group | 2.49% | 248,740 | $4.2M | Add +60.5% |
| OLPX Olaplex Holdings Inc. | 2.48% | 3,182,319 | $4.2M | Add +1692.2% |
| STXS Stereotaxis Inc. | 2.27% | 1,226,044 | $3.8M | Reduce -4.5% |
| BYRN Byrna Technologies Inc. | 1.95% | 148,000 | $3.3M | New |
| ORN Orion Group Holdings Inc. | 1.90% | 383,810 | $3.2M | Reduce -42.5% |
| SPWH Sportsman's Warehouse Holdin | 1.82% | 1,100,754 | $3.0M | Add +45.9% |
| KOPN Kopin Corp. | 1.61% | 1,109,737 | $2.7M | Reduce -13.3% |
| KRMD Koru Medical Systems Inc. | 1.60% | 700,147 | $2.7M | No change |
| OSS One Stop Systems Inc. | 1.52% | 476,812 | $2.6M | Add +211.4% |
| ESTC Elastic NV | 1.51% | 30,000 | $2.5M | Reduce -33.3% |
| MTLS Materialise NV-ADR | 1.44% | 434,628 | $2.4M | Add +543.1% |
| CYRX Cryoport Inc. | 1.41% | 250,268 | $2.4M | Add +44.8% |
| TDUP Thredup Inc. Class A | 1.39% | 246,450 | $2.3M | Add +26.4% |
| CXM Sprinklr Inc. Class A | 1.38% | 300,000 | $2.3M | New |
| SOPH Sophia Genetics SA | 1.21% | 427,071 | $2.0M | Add +32.8% |
| SSTI Soundthinking Inc. | 1.20% | 166,430 | $2.0M | Add +12.8% |
| XPOF Xponential Fitness Inc. Class A | 1.19% | 257,520 | $2.0M | New |
| DHX Dhi Group Inc. | 1.19% | 718,373 | $2.0M | Reduce -39.9% |
| MRCY Mercury Systems Inc. | 1.13% | 24,600 | $1.9M | Reduce -50.4% |
| LPTH Lightpath Technologies Inc. Class A | 1.07% | 226,296 | $1.8M | Reduce -80.9% |
| ZM Zoom Communications Inc. | 1.01% | 20,500 | $1.7M | Reduce -67.7% |
| RRGB Red Robin Gourmet Burgers | 0.84% | 206,373 | $1.4M | Add +43.4% |
| SNCR Synchronoss Technologies Inc. | 0.82% | 226,068 | $1.4M | Add +38.2% |
| LOCO El Pollo Loco Holdings Inc. | 0.81% | 140,490 | $1.4M | New |
| CVRX CVRX Inc. | 0.69% | 143,968 | $1.2M | Reduce -17.7% |
| OPXS Optex Systems Holdings Inc. | 0.64% | 83,910 | $1.1M | Add +190.3% |
| LSF Laird Superfood Inc. | 0.30% | 90,368 | $504K | Add +2.3% |
| OWLT Owlet Inc. | 0.29% | 58,413 | $495K | Add +10.9% |
| DIBS 1STDIBS.COM Inc. | 0.18% | 118,921 | $308K | New |
| VELO VELO3D Inc. | 0.04% | 21,077 | $65K | New |
Portfolio Sells Q2 2025 → Q3 2025
| PBPB Potbelly Corp. | Sold out | 0.00% | −5.49 |
| SN Sharkninja Inc. | Sold out | 0.00% | −4.02 |
| OLO Olo Inc. Class A | Sold out | 0.00% | −3.33 |
| ORN Orion Group Holdings Inc. | Reduce -42.5% | 1.90% | −3.06 |
| ZM Zoom Communications Inc. | Reduce -67.7% | 1.01% | −3.05 |
| LPTH Lightpath Technologies Inc. Class A | Reduce -80.9% | 1.07% | −1.92 |
| PRIM Primoris Services Corp. | Sold out | 0.00% | −1.92 |
| DHX Dhi Group Inc. | Reduce -39.9% | 1.19% | −1.72 |
| ESTC Elastic NV | Reduce -33.3% | 1.51% | −1.60 |
| GHM Graham Corp. | Sold out | 0.00% | −1.42 |
| LYTS Lsi Industries Inc. | Reduce -36.3% | 2.55% | −1.42 |
| MRCY Mercury Systems Inc. | Reduce -50.4% | 1.13% | −1.06 |
| WEAV Weave Communications Inc. | Sold out | 0.00% | −0.97 |
| TRIP Tripadvisor Inc. | Sold out | 0.00% | −0.80 |
| LINC Lincoln Educational Services | Sold out | 0.00% | −0.57 |
| SEMR Semrush Holdings Inc. Class A | Sold out | 0.00% | −0.42 |
| BITCOIN DEPOT INC | Sold out | 0.00% | −0.34 |
| ARAY Accuray Inc. | Sold out | 0.00% | −0.33 |
| CVRX CVRX Inc. | Reduce -17.7% | 0.69% | −0.15 |
| NDLS Noodles & Co. | Sold out | 0.00% | −0.03 |
| KOPN Kopin Corp. | Reduce -13.3% | 1.61% | +0.00 |
| STXS Stereotaxis Inc. | Reduce -4.5% | 2.27% | +0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| OMDA Omada Health Inc. | New | 3.97% | +3.97 |
| REAL The Realreal Inc. | Add +128.2% | 4.89% | +3.56 |
| BRZE Braze Inc. Class A | Add +476.5% | 4.48% | +3.42 |
| PL Planet Labs PBC | Add +210.7% | 4.20% | +3.33 |
| WIX Wix.com Ltd. | New | 3.27% | +3.27 |
| BW Babcock & Wilcox Enterpr | New | 3.20% | +3.20 |
| BULL Webull Corp. | New | 3.08% | +3.08 |
| OLPX Olaplex Holdings Inc. | Add +1692.2% | 2.48% | +2.28 |
| BYRN Byrna Technologies Inc. | New | 1.95% | +1.95 |
| CXM Sprinklr Inc. Class A | New | 1.38% | +1.38 |
| XPOF Xponential Fitness Inc. Class A | New | 1.19% | +1.19 |
| MTLS Materialise NV-ADR | Add +543.1% | 1.44% | +1.13 |
| POWL Powell Industries Inc. | Add +41.7% | 3.27% | +1.08 |
| OSS One Stop Systems Inc. | Add +211.4% | 1.52% | +1.08 |
| LOCO El Pollo Loco Holdings Inc. | New | 0.81% | +0.81 |
| HCSG Healthcare Services Group | Add +60.5% | 2.49% | +0.58 |
| MPTI M-Tron Industries Inc. | Add +17.4% | 3.91% | +0.44 |
| SOPH Sophia Genetics SA | Add +32.8% | 1.21% | +0.39 |
| OPXS Optex Systems Holdings Inc. | Add +190.3% | 0.64% | +0.37 |
| CYRX Cryoport Inc. | Add +44.8% | 1.41% | +0.36 |
| TWLO Twilio Inc. Class A | Add +81.6% | 3.36% | +0.20 |
| TDUP Thredup Inc. Class A | Add +26.4% | 1.39% | +0.19 |
| DIBS 1STDIBS.COM Inc. | New | 0.18% | +0.18 |
| RRGB Red Robin Gourmet Burgers | Add +43.4% | 0.84% | +0.16 |
| EZPW Ezcorp Inc. Class A | Add +2.3% | 5.02% | +0.10 |
| VELO VELO3D Inc. | New | 0.04% | +0.04 |
| SVV Savers Value Village Inc. | Add +5.6% | 6.07% | −0.02 |
| OWLT Owlet Inc. | Add +10.9% | 0.29% | −0.07 |
| SNCR Synchronoss Technologies Inc. | Add +38.2% | 0.82% | −0.10 |
| LSF Laird Superfood Inc. | Add +2.3% | 0.30% | −0.16 |
| SPWH Sportsman's Warehouse Holdin | Add +45.9% | 1.82% | −0.32 |
| BAND Bandwidth Inc. Class A | Add +19.6% | 3.46% | −0.34 |
| SSTI Soundthinking Inc. | Add +12.8% | 1.20% | −0.38 |
| TDC Teradata Corp. | Add +26.3% | 3.69% | −0.48 |
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 |