Monashee Investment Management LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Monashee Investment Management LLC reported 58 stock positions worth $194.0 million. Its top holding was Bridgebio Pharma (BBIO) at 5.4% of the portfolio, followed by Forward Industries (FWDI, 5.3%) and Whitefiber (WYFI, 5.0%). Compared with Q2 2025, it opened 49 new positions, sold out of 27, added to 2 and reduced 5. The biggest buy was a new position in Forward Industries (FWDI) and the biggest sale an exit from Eli Lilly (LLY).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0001627608
- Portfolio Value
- $194.0M (Q3 2025)
- SEC Filing
- 0001172661-25-004710 ↗ filed Nov 12, 2025
Holdings Value
Holdings 58 stocks · $194.0M
| BBIO Bridgebio Pharma Inc. | 5.35% | 200,000 | $10.4M | Reduce -21.6% |
| FWDI Forward Industries Inc. | 5.34% | 405,406 | $10.4M | New |
| WYFI Whitefiber Inc. | 4.97% | 355,000 | $9.6M | New |
| FIGR Figure Technology Solut Class A | 3.75% | 200,000 | $7.3M | New |
| NTSK Netskope Inc. Class A | 3.51% | 300,000 | $6.8M | New |
| CRBG Corebridge Financial Inc. | 3.30% | 200,000 | $6.4M | New |
| LTM Latam Airlines Group SA-ADR | 3.15% | 135,000 | $6.1M | Add +68.8% |
| WBI Waterbridge Infrastruc Class A | 3.12% | 240,000 | $6.1M | New |
| MIAX Miami International Holdings | 3.11% | 150,000 | $6.0M | New |
| AMBQ Ambiq Micro Inc. | 3.08% | 200,000 | $6.0M | New |
| WAY Waystar Holding Corp. | 2.93% | 150,000 | $5.7M | New |
| GPCR Structure Therapeutics Inc. | 2.89% | 200,000 | $5.6M | Reduce -53.5% |
| CYTK Cytokinetics Inc. | 2.83% | 100,000 | $5.5M | New |
| LGN Legence Corp. Class A | 2.38% | 150,000 | $4.6M | New |
| BTBT Bit Digital Inc. | 2.32% | 1,500,000 | $4.5M | New |
| NBIS Nebius Group NV | 2.31% | 40,000 | $4.5M | Reduce -33.3% |
| CMPX Compass Therapeutics Inc. | 2.26% | 1,250,000 | $4.4M | Add +657.6% |
| SFD Smithfield Foods Inc. | 2.18% | 180,000 | $4.2M | New |
| NWS News Corp. Class B | 2.14% | 120,000 | $4.1M | New |
| FOX Fox Corp. Class B | 2.07% | 70,000 | $4.0M | New |
| ADT Adt Inc. | 2.02% | 450,000 | $3.9M | Reduce -25.1% |
| KLAR Klarna Group PLC | 1.89% | 100,000 | $3.7M | New |
| STUB Stubhub Holdings Inc. Class A | 1.74% | 200,000 | $3.4M | New |
| VIA Via Transportation Inc. Class A | 1.73% | 70,000 | $3.4M | New |
| BLSH Bullish | 1.64% | 50,000 | $3.2M | New |
| SLDE Slide Insurance Holdings Inc. | 1.42% | 175,000 | $2.8M | New |
| CRWV Coreweave Inc. Class A | 1.41% | 20,000 | $2.7M | New |
| CRCL Circle Internet Group Inc. | 1.37% | 20,000 | $2.7M | New |
| FIG Figma Inc. Class A | 1.34% | 50,000 | $2.6M | New |
| HNGE Hinge Health Inc. Class A | 1.26% | 50,000 | $2.5M | New |
| BRCB Black Rock Coffee Bar Inc. Class A | 1.23% | 100,000 | $2.4M | New |
| QURE Uniqure NV | 1.20% | 40,000 | $2.3M | New |
| MIR Mirion Technologies Inc. | 1.20% | 100,000 | $2.3M | New |
| UUUU Energy Fuels Inc. | 1.19% | 150,000 | $2.3M | New |
| EVAC.U Eqv Ventures Acquisition Cor | 1.16% | 225,000 | $2.3M | New |
| CHYM Chime Financial Inc. Class A | 1.14% | 110,000 | $2.2M | New |
| RNAM Avidity Biosciences Inc. | 1.12% | 50,000 | $2.2M | New |
| IMRX Immuneering Corp. Class A | 1.08% | 300,000 | $2.1M | New |
| CTRE Caretrust REIT Inc. | 1.07% | 60,000 | $2.1M | New |
| CAEP Cantor Equity Partners III-A | 1.06% | 200,000 | $2.1M | No change |
| PTRN Pattern Group Inc. Class A | 1.06% | 150,000 | $2.1M | New |
| AIRO Airo Group Holdings Inc. | 0.99% | 100,000 | $1.9M | New |
| CIFR Cipher Digital Inc. | 0.97% | 150,000 | $1.9M | New |
| GEMI Gemini Space Station Inc. Class A | 0.74% | 60,000 | $1.4M | New |
| PEPG Pepgen Inc. | 0.71% | 300,000 | $1.4M | New |
| CEPT Cantor Equity Partners Class A | 0.69% | 127,971 | $1.3M | Reduce -14.7% |
| KVYO Klaviyo Inc. Class A | 0.57% | 40,000 | $1.1M | New |
| HLLY Holley Inc. | 0.57% | 350,000 | $1.1M | New |
| CEPF Cantor Equity Partners Class A | 0.53% | 100,000 | $1.0M | New |
| NIQ Niq Global Intelligence PLC | 0.49% | 60,000 | $942K | New |
| RIG Transocean Ltd. | 0.48% | 300,000 | $936K | New |
| BDSX Biodesix Inc. | 0.39% | 99,996 | $755K | No change |
| MH McGraw Hill Inc. | 0.39% | 60,000 | $753K | New |
| LBRX LB Pharmaceuticals Inc. | 0.33% | 40,000 | $632K | New |
| CARL Carlsmed Inc. | 0.28% | 40,000 | $536K | New |
| SI Shoulder Innovations Inc. | 0.26% | 40,000 | $502K | New |
| AMLX Amylyx Pharmaceuticals Inc. | 0.21% | 30,000 | $408K | New |
| FCRS.U Futurecrest Acquisition Corp. | 0.05% | 10,000 | $106K | New |
Other holdings (3): bonds, preferreds, convertibles and warrants · $6.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 14,000 | $3.8M | New |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | 2,000,000 | $2.0M | New |
| GOSSAMER BIO INC (GOSS 5 06/01/27) | NOTE 5.000% 6/0 · principal | 1,000,000 | $714K | No change |
Total filed on the 13F, all lines: $200.5M.
Portfolio Sells Q2 2025 → Q3 2025
| LLY Eli Lilly & Co. | Sold out | 0.00% | −8.58 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −6.57 |
| KTOS Kratos Defense & Security | Sold out | 0.00% | −6.39 |
| SLDB Solid Biosciences Inc. | Sold out | 0.00% | −5.80 |
| GLXY Galaxy Digital Inc. Class A | Sold out | 0.00% | −5.66 |
| ACHR Archer Aviation Inc. Class A | Sold out | 0.00% | −4.77 |
| CHWY Chewy Inc. Class A | Sold out | 0.00% | −4.69 |
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −3.73 |
| TMUS T-Mobile US Inc. | Sold out | 0.00% | −3.28 |
| OMDA Omada Health Inc. | Sold out | 0.00% | −3.02 |
| ETOR Etoro Group Ltd. Class A | Sold out | 0.00% | −2.84 |
| MMYT Makemytrip Ltd. | Sold out | 0.00% | −2.83 |
| OKLO Oklo Inc. | Sold out | 0.00% | −2.77 |
| VERX Vertex Inc. Class A | Sold out | 0.00% | −2.53 |
| RDW Redwire Corp. | Sold out | 0.00% | −2.24 |
| INSM Insmed Inc. | Sold out | 0.00% | −2.21 |
| KYMR Kymera Therapeutics Inc. | Sold out | 0.00% | −2.04 |
| GPCR Structure Therapeutics Inc. | Reduce -53.5% | 2.89% | −2.02 |
| MRX Marex UK Holdings Ltd. | Sold out | 0.00% | −1.95 |
| CCC CCC Intelligent Solutions Ho | Sold out | 0.00% | −1.68 |
| LTH Life Time Group Holdings Inc. | Sold out | 0.00% | −1.42 |
| KARO Karooooo Ltd. | Sold out | 0.00% | −1.21 |
| ONDS Ondas Inc. | Sold out | 0.00% | −1.06 |
| KRT Karat Packaging Inc. | Sold out | 0.00% | −0.85 |
| ADT Adt Inc. | Reduce -25.1% | 2.02% | −0.78 |
| BBIO Bridgebio Pharma Inc. | Reduce -21.6% | 5.35% | −0.70 |
| AIRS Airsculpt Technologies Inc. | Sold out | 0.00% | −0.65 |
| SITM Sitime Corp. | Sold out | 0.00% | −0.59 |
| TATT Tat Technologies Ltd. | Sold out | 0.00% | −0.54 |
| CEPT Cantor Equity Partners Class A | Reduce -14.7% | 0.69% | −0.22 |
| JCAP Jefferson Capital Inc. | Sold out | 0.00% | −0.10 |
| NBIS Nebius Group NV | Reduce -33.3% | 2.31% | +0.49 |
Portfolio Buys Q2 2025 → Q3 2025
| FWDI Forward Industries Inc. | New | 5.34% | +5.34 |
| WYFI Whitefiber Inc. | New | 4.97% | +4.97 |
| FIGR Figure Technology Solut Class A | New | 3.75% | +3.75 |
| NTSK Netskope Inc. Class A | New | 3.51% | +3.51 |
| CRBG Corebridge Financial Inc. | New | 3.30% | +3.30 |
| WBI Waterbridge Infrastruc Class A | New | 3.12% | +3.12 |
| MIAX Miami International Holdings | New | 3.11% | +3.11 |
| AMBQ Ambiq Micro Inc. | New | 3.08% | +3.08 |
| WAY Waystar Holding Corp. | New | 2.93% | +2.93 |
| CYTK Cytokinetics Inc. | New | 2.83% | +2.83 |
| LGN Legence Corp. Class A | New | 2.38% | +2.38 |
| BTBT Bit Digital Inc. | New | 2.32% | +2.32 |
| SFD Smithfield Foods Inc. | New | 2.18% | +2.18 |
| NWS News Corp. Class B | New | 2.14% | +2.14 |
| FOX Fox Corp. Class B | New | 2.07% | +2.07 |
| CMPX Compass Therapeutics Inc. | Add +657.6% | 2.26% | +2.02 |
| KLAR Klarna Group PLC | New | 1.89% | +1.89 |
| STUB Stubhub Holdings Inc. Class A | New | 1.74% | +1.74 |
| VIA Via Transportation Inc. Class A | New | 1.73% | +1.73 |
| BLSH Bullish | New | 1.64% | +1.64 |
| SLDE Slide Insurance Holdings Inc. | New | 1.42% | +1.42 |
| CRWV Coreweave Inc. Class A | New | 1.41% | +1.41 |
| CRCL Circle Internet Group Inc. | New | 1.37% | +1.37 |
| LTM Latam Airlines Group SA-ADR | Add +68.8% | 3.15% | +1.36 |
| FIG Figma Inc. Class A | New | 1.34% | +1.34 |
| HNGE Hinge Health Inc. Class A | New | 1.26% | +1.26 |
| BRCB Black Rock Coffee Bar Inc. Class A | New | 1.23% | +1.23 |
| QURE Uniqure NV | New | 1.20% | +1.20 |
| MIR Mirion Technologies Inc. | New | 1.20% | +1.20 |
| UUUU Energy Fuels Inc. | New | 1.19% | +1.19 |
| EVAC.U Eqv Ventures Acquisition Cor | New | 1.16% | +1.16 |
| CHYM Chime Financial Inc. Class A | New | 1.14% | +1.14 |
| RNAM Avidity Biosciences Inc. | New | 1.12% | +1.12 |
| IMRX Immuneering Corp. Class A | New | 1.08% | +1.08 |
| CTRE Caretrust REIT Inc. | New | 1.07% | +1.07 |
| PTRN Pattern Group Inc. Class A | New | 1.06% | +1.06 |
| AIRO Airo Group Holdings Inc. | New | 0.99% | +0.99 |
| CIFR Cipher Digital Inc. | New | 0.97% | +0.97 |
| GEMI Gemini Space Station Inc. Class A | New | 0.74% | +0.74 |
| PEPG Pepgen Inc. | New | 0.71% | +0.71 |
| KVYO Klaviyo Inc. Class A | New | 0.57% | +0.57 |
| HLLY Holley Inc. | New | 0.57% | +0.57 |
| CEPF Cantor Equity Partners Class A | New | 0.53% | +0.53 |
| NIQ Niq Global Intelligence PLC | New | 0.49% | +0.49 |
| RIG Transocean Ltd. | New | 0.48% | +0.48 |
| MH McGraw Hill Inc. | New | 0.39% | +0.39 |
| LBRX LB Pharmaceuticals Inc. | New | 0.33% | +0.33 |
| CARL Carlsmed Inc. | New | 0.28% | +0.28 |
| SI Shoulder Innovations Inc. | New | 0.26% | +0.26 |
| AMLX Amylyx Pharmaceuticals Inc. | New | 0.21% | +0.21 |
Options Activity Q2 2025 → Q3 2025
| QXO Qxo Inc. | put | Sold out | 800,000 | $17.2Mbefore exit |
| BRO Brown & Brown Inc. | put | Sold out | 150,000 | $16.6Mbefore exit |
| TTAN Servicetitan Inc. Class A | put | Sold out | 95,000 | $10.2Mbefore exit |
| HNGE Hinge Health Inc. Class A | put | Sold out | 140,000 | $7.2Mbefore exit |
| CIFR Cipher Digital Inc. | put | Sold out | 1,100,000 | $5.3Mbefore exit |
| CHYM Chime Financial Inc. Class A | put | Sold out | 140,000 | $4.8Mbefore exit |
| BTSG Brightspring Health Services | put | Sold out | 140,000 | $3.3Mbefore exit |
| TEM Tempus AI Inc. Class A | put | Sold out | 50,000 | $3.2Mbefore exit |
| SLDE Slide Insurance Holdings Inc. | put | Sold out | 140,000 | $3.0Mbefore exit |
| AUR Aurora Innovation Inc. | put | Sold out | 500,000 | $2.6Mbefore exit |
| VOYG Voyager Technologies Inc. Class A | put | Sold out | 65,000 | $2.6Mbefore exit |
| SMCI Super Micro Computer Inc. | put | Sold out | 50,000 | $2.5Mbefore exit |
| RBRK Rubrik Inc. Class A | put | Sold out | 25,000 | $2.2Mbefore exit |
| CTRI Centuri Holdings Inc. | put | Sold out | 80,000 | $1.8Mbefore exit |
| CAI Caris Life Sciences Inc. | put | Sold out | 65,000 | $1.7Mbefore exit |
| AIRO Airo Group Holdings Inc. | put | Sold out | 45,000 | $1.1Mbefore exit |
| SNDK Sandisk Corp. | put | Sold out | 22,033 | $999Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2025 → Q3 2025
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | Sold out | 75,000 | $4.6Mbefore exit |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | New | 14,000 | $3.8M |
| CIPHER DIGITAL INC (CIFR 1.75 05/15/30) | NOTE 1.750% 5/1 · principal | Sold out | 2,000,000 | $2.6Mbefore exit |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 · principal | New | 2,000,000 | $2.0M |
| SRZNW Surrozen Inc.-CW25 | *W EXP 08/01/203 | Sold out | 30,129 | $545before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 17 | $41.4M | SLDB, DLR, SYRE, ADT, TNGX |
| Q1 2026 | 41 | $154.8M | TERN, MDLN, NRG, FPS, SLDB |
| Q4 2025 | 37 | $169.3M | GPCR, MDLN, SOFI, ULS, INSM |
| Q3 2025 | 58 | $194.0M | BBIO, FWDI, WYFI, FIGR, NTSK |
| Q2 2025 | 36 | $181.8M | LLY, CORZ, KTOS, BBIO, SLDB |
| Q1 2025 | 41 | $826.9M | IVV, VOO, VEA, IEFA, VWO |
| Q4 2024 | 34 | $719.5M | IVV, VOO, VEA, IEFA, VWO |
| Q3 2024 | 103 | $903.5M | IVV, VOO, VEA, IEFA, VWO |
| Q2 2024 | 72 | $766.6M | IVV, VOO, VEA, IEFA, VWO |
| Q1 2024 | 99 | $835.9M | IVV, VOO, VEA, IEFA, VWO |