Harbert Fund Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Harbert Fund Advisors, LLC reported 12 stock positions worth $15.3 million. Its top holding was Liquidia (LQDA) at 23.0% of the portfolio, followed by Freenome (FRNM, 20.7%) and Inve Technologies (INVE, 17.7%). Compared with Q2 2025, it opened 4 new positions, sold out of 12 and reduced 3. The biggest buy was a new position in Ocular Therapeutix (OCUL) and the biggest sale an exit from Chime Financial Class A (CHYM).
- Most Recent 13F
- Q2 2026
- Location
- Birmingham, AL
- CIK
- 0001616659
- Portfolio Value
- $15.3M (Q3 2025)
- SEC Filing
- 0000919574-25-006732 ↗ filed Nov 13, 2025
Holdings Value
Holdings 12 stocks · $15.3M
| LQDA Liquidia Corp. | 22.97% | 154,811 | $3.5M | Reduce -40.4% |
| FRNM Freenome Inc. filed as PERCEPTIVE CAP SOLUTIONS COR | 20.75% | 300,000 | $3.2M | No change |
| INVE Inve Technologies Inc. filed as IDENTIV INC | 17.68% | 785,557 | $2.7M | No change |
| TACT Transact Technologies Inc. | 14.72% | 416,119 | $2.3M | Reduce -35.0% |
| FENC Fennec Pharmaceuticals Inc. | 10.86% | 177,815 | $1.7M | Reduce -38.2% |
| OCUL Ocular Therapeutix Inc. | 3.81% | 50,000 | $585K | New |
| NTSK Netskope Inc. Class A | 2.22% | 15,000 | $341K | New |
| AMZN Amazon.com Inc. | 2.16% | 1,507 | $331K | No change |
| TSM Taiwan Semiconductor-SP ADR | 2.15% | 1,181 | $330K | New |
| MSFT Microsoft Corp. | 1.81% | 535 | $277K | No change |
| ONCHU 1RT Acquisition Corp. | 0.69% | 10,000 | $106K | New |
| ILLR Triller Group Inc. | 0.18% | 33,182 | $28K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| CHYM Chime Financial Inc. Class A | Sold out | 0.00% | −17.08 |
| INFU Infusystem Holdings Inc. | Sold out | 0.00% | −7.66 |
| LOAR Loar Holdings Inc. | Sold out | 0.00% | −6.46 |
| CAI Caris Life Sciences Inc. | Sold out | 0.00% | −6.41 |
| ARAY Accuray Inc. | Sold out | 0.00% | −5.96 |
| STRM Streamline Health Solutions | Sold out | 0.00% | −5.01 |
| HNGE Hinge Health Inc. Class A | Sold out | 0.00% | −3.11 |
| CEPO Cantor Equity Partners I-A | Sold out | 0.00% | −1.79 |
| MNTN MNTN Inc. Class A | Sold out | 0.00% | −1.64 |
| OMDA Omada Health Inc. | Sold out | 0.00% | −0.82 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.74 |
| SMWB Similarweb Ltd. | Sold out | 0.00% | −0.29 |
| FENC Fennec Pharmaceuticals Inc. | Reduce -38.2% | 10.86% | +3.70 |
| TACT Transact Technologies Inc. | Reduce -35.0% | 14.72% | +7.69 |
| LQDA Liquidia Corp. | Reduce -40.4% | 22.97% | +13.26 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 2 | $3.0M | INVE, TACT |
| Q4 2025 | 2 | $3.5M | INVE, TACT |
| Q3 2025 | 12 | $15.3M | LQDA, FRNM, INVE, TACT, FENC |
| Q2 2025 | 20 | $33.3M | CHYM, LQDA, FRNM, INVE, INFU |
| Q1 2025 | 53 | $86.2M | AMZN, LQDA, MSFT, ARAY, META |
| Q4 2024 | 57 | $115.0M | PENN, AMZN, MSFT, INFU, NVDA |
| Q3 2024 | 73 | $124.1M | PENN, TBCH, AMZN, ENZB, GOOG |
| Q2 2024 | 87 | $124.4M | PENN, AMZN, MSFT, TBCH, ENZB |
| Q1 2024 | 78 | $145.3M | TBCH, AMZN, MSFT, ENZB, INVE |