Nantahala Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Nantahala Capital Management, LLC reported 126 stock positions worth $1.2 billion. Its top holding was Soleno Therapeutics (SLNO) at 10.4% of the portfolio, followed by Hilton Grand Vacations (HGV, 6.1%) and Establishment Labs (ESTA, 6.0%). Compared with Q4 2024, it opened 18 new positions, sold out of 10, added to 38 and reduced 57. The biggest buy was Hilton Grand Vacations (HGV, shares +15%) and the biggest sale Peloton Interactive Class A (PTON, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- NEW CANAAN, CT
- CIK
- 0001472322
- Portfolio Value
- $1.2B (Q1 2025)
- SEC Filing
- 0001104659-25-049574 ↗ filed May 15, 2025
Holdings Value
Holdings 126 stocks · $1.2B
| SLNO Soleno Therapeutics Inc. | 10.38% | 1,757,023 | $125.5M | Reduce -55.3% |
| HGV Hilton Grand Vacations Inc. | 6.15% | 1,986,737 | $74.3M | Add +14.8% |
| ESTA Establishment Labs Holdings | 5.99% | 1,774,044 | $72.4M | Add +7.2% |
| EOLS Evolus Inc. | 3.63% | 3,651,343 | $43.9M | Add +16.6% |
| TBBK The Bancorp Inc. | 3.62% | 828,503 | $43.8M | Reduce -15.0% |
| BVS Bioventus Inc. Class A | 3.12% | 4,125,650 | $37.7M | Add +2.5% |
| AMRX Amneal Pharmaceuticals Inc. | 2.64% | 3,808,561 | $31.9M | Add +3.9% |
| GOGO Gogo Inc. | 2.54% | 3,564,797 | $30.7M | Add +38.5% |
| CRMT America's Car-Mart Inc. | 2.42% | 644,686 | $29.3M | Add +18.4% |
| QURE Uniqure NV | 2.42% | 2,755,962 | $29.2M | Add +12.3% |
| TITN Titan Machinery Inc. | 2.29% | 1,621,738 | $27.6M | Reduce -0.2% |
| PTON Peloton Interactive Inc. Class A | 2.28% | 4,361,792 | $27.6M | Reduce -39.6% |
| IMAX Imax Corp. | 1.98% | 908,251 | $23.9M | Reduce -21.1% |
| SVRA Savara Inc. | 1.85% | 8,075,375 | $22.4M | Add +7.3% |
| SVC Service Pptys TR | 1.74% | 8,057,887 | $21.0M | Reduce -0.4% |
| ABEO Abeona Therapeutics Inc. | 1.38% | 3,509,850 | $16.7M | Reduce -0.6% |
| KROS Keros Therapeutics Inc. | 1.27% | 1,506,790 | $15.4M | Add +64.7% |
| ETON Eton Pharmaceuticals Inc. | 1.26% | 1,175,951 | $15.3M | Add +5.1% |
| URGN Urogen Pharma Ltd. | 1.25% | 1,363,399 | $15.1M | Reduce -0.6% |
| FOXF Fox Factory Holding Corp. | 1.21% | 628,648 | $14.7M | Reduce -1.2% |
| FULC Fulcrum Therapeutics Inc. | 1.15% | 4,822,693 | $13.9M | Add +0.9% |
| VSTM Verastem Inc. | 1.15% | 2,298,541 | $13.9M | Reduce -38.8% |
| EB Eventbrite Inc. Class A | 1.11% | 6,381,395 | $13.5M | Add +7.6% |
| RDVT Red Violet Inc. | 1.06% | 341,378 | $12.8M | Reduce -19.2% |
| MLYS Mineralys Therapeutics Inc. | 1.03% | 787,740 | $12.5M | Add +24.5% |
| RMR RMR Group Inc./the - A | 1.01% | 736,202 | $12.3M | Add +63.3% |
| RH RH | 0.97% | 50,158 | $11.8M | New |
| ZVRA Zevra Therapeutics Inc. | 0.91% | 1,471,936 | $11.0M | Reduce -37.1% |
| RSVR Reservoir Media Inc. | 0.91% | 1,442,136 | $11.0M | Reduce -7.6% |
| BNTC Benitec Biopharma Inc. | 0.90% | 838,095 | $10.9M | No change |
| AMLX Amylyx Pharmaceuticals Inc. | 0.86% | 2,934,405 | $10.4M | Add +102.1% |
| THRD Third Harmonic Bio Inc. | 0.84% | 2,938,700 | $10.2M | Add +486.6% |
| ABVX Abivax SA-ADR | 0.77% | 1,482,994 | $9.3M | Add +3.3% |
| RDNW Ridenow Group Inc. filed as RUMBLEON INC | 0.76% | 3,272,845 | $9.2M | Reduce -0.0% |
| OPTINOSE INC | 0.75% | 985,333 | $9.0M | Reduce -0.1% |
| EHTH Ehealth Inc. | 0.72% | 1,311,441 | $8.8M | Reduce -34.7% |
| ILPT Industrial Logistics Propert | 0.71% | 2,506,244 | $8.6M | Add +18.9% |
| TRML Tourmaline Bio Inc. | 0.67% | 532,824 | $8.1M | Reduce -0.8% |
| CMPS Compass Pathways PLC | 0.67% | 2,829,232 | $8.1M | Add +182.9% |
| ELUT Elutia Inc. | 0.67% | 3,184,947 | $8.1M | Add +11.2% |
| CNTA Centessa Pharmaceuticals Ltd. | 0.66% | 554,803 | $8.0M | Add +8.2% |
| CDXS Codexis Inc. | 0.63% | 2,830,619 | $7.6M | Reduce -0.4% |
| AURA Aura Biosciences Inc. | 0.61% | 1,267,697 | $7.4M | Reduce -0.2% |
| IRON Disc Medicine Inc. | 0.61% | 148,391 | $7.4M | Reduce -1.1% |
| AVTX Avalo Therapeutics Inc. | 0.60% | 900,000 | $7.2M | New |
| PVLA Palvella Therapeutics Inc. | 0.58% | 250,062 | $7.0M | No change |
| SNDX Syndax Pharmaceuticals Inc. | 0.56% | 554,503 | $6.8M | Reduce -1.1% |
| VMD Viemed Healthcare Inc. | 0.56% | 932,445 | $6.8M | Reduce -0.3% |
| STKS One Group Hospitality Inc. filed as THE ONE GROUP HOSPITALITY IN | 0.52% | 2,121,084 | $6.3M | Add +1.6% |
| NSPR Inspiremd Inc. | 0.52% | 2,318,017 | $6.2M | Add +38.4% |
| RAPT THERAPEUTICS INC | 0.51% | 5,012,927 | $6.1M | Add +303.1% |
| AVR Anteris Technologies Global | 0.49% | 1,663,666 | $5.9M | Reduce -0.2% |
| IWM iShares Russell 2000 ETF | 0.48% | 29,151 | $5.8M | Reduce -70.1% |
| ASSERTIO HOLDINGS INC | 0.47% | 8,439,762 | $5.7M | Add +3.6% |
| UNICYCIVE THERAPEUTICS INC | 0.45% | 9,391,994 | $5.4M | Reduce -9.6% |
| XTNT Xtant Medical Holdings Inc. | 0.44% | 11,394,000 | $5.4M | No change |
| NKTR Nektar Therapeutics | 0.44% | 7,789,051 | $5.3M | Reduce -0.3% |
| COGT Cogent Biosciences Inc. | 0.42% | 843,489 | $5.1M | Reduce -1.1% |
| VTGN Vistagen Therapeutics Inc. | 0.41% | 1,978,492 | $4.9M | Reduce -0.2% |
| NDLS Noodles & Co. | 0.41% | 4,505,489 | $4.9M | Reduce -0.1% |
| ALTG Alta Equipment Group Inc. | 0.40% | 1,042,769 | $4.9M | Add +23.4% |
| XNCR Xencor Inc. | 0.40% | 456,741 | $4.9M | New |
| FOSL Fossil Group Inc. | 0.40% | 4,189,177 | $4.8M | Add +25.9% |
| IKT Inhibikase Therapeutics Inc. | 0.40% | 2,190,000 | $4.8M | No change |
| TELA Tela Bio Inc. | 0.39% | 3,877,965 | $4.7M | Add +5.4% |
| CRGX Cargo Therapeutics Inc. | 0.37% | 1,100,000 | $4.5M | New |
| APYX Apyx Medical Corp. | 0.37% | 3,258,048 | $4.5M | Add +2.8% |
| RCKT Rocket Pharmaceuticals Inc. | 0.35% | 629,749 | $4.2M | New |
| TNGX Tango Therapeutics Inc. | 0.34% | 2,987,983 | $4.1M | Add +6.5% |
| ANEB Anebulo Pharmaceuticals Inc. | 0.33% | 3,036,325 | $3.9M | No change |
| KOS Kosmos Energy Ltd. | 0.32% | 1,716,593 | $3.9M | New |
| ELDN Eledon Pharmaceuticals Inc. | 0.32% | 1,141,237 | $3.9M | Reduce -0.6% |
| AKBA Akebia Therapeutics Inc. | 0.32% | 2,000,000 | $3.8M | New |
| NPCE Neuropace Inc. | 0.32% | 312,094 | $3.8M | Reduce -44.5% |
| RZLT Rezolute Inc. | 0.31% | 1,291,395 | $3.7M | Reduce -54.8% |
| UPB Upstream Bio Inc. | 0.30% | 594,971 | $3.6M | Reduce -0.8% |
| DYN Dyne Therapeutics Inc. | 0.30% | 345,062 | $3.6M | New |
| ATXS Astria Therapeutics Inc. | 0.30% | 669,530 | $3.6M | Reduce -0.8% |
| GAIA Gaia Inc. | 0.29% | 914,618 | $3.5M | Reduce -0.0% |
| THTX Theratechnologies Inc. | 0.29% | 2,422,563 | $3.5M | Reduce -9.7% |
| CMCO Columbus McKinnon Corp. | 0.28% | 200,000 | $3.4M | New |
| DHX Dhi Group Inc. | 0.27% | 2,374,027 | $3.3M | Reduce -0.1% |
| NNBR NN Inc. | 0.27% | 1,441,416 | $3.3M | Reduce -1.2% |
| EYPT Eyepoint Inc. | 0.27% | 593,091 | $3.2M | Reduce -1.1% |
| IRD Opus Genetics Inc. | 0.26% | 3,157,895 | $3.1M | New |
| SRL Scully Royalty Ltd. | 0.25% | 368,182 | $3.0M | Reduce -0.1% |
| SNTI Senti Biosciences Inc. | 0.25% | 888,000 | $3.0M | New |
| SLN Silence Therapeutics PLC-ADR | 0.24% | 1,042,427 | $2.9M | Reduce -0.7% |
| GPCR Structure Therapeutics Inc. | 0.24% | 168,553 | $2.9M | Reduce -23.7% |
| GRCE Grace Therapeutics Inc. | 0.22% | 1,178,203 | $2.7M | New |
| SRZN Surrozen Inc. | 0.22% | 229,527 | $2.7M | Add +17.1% |
| RDI Reading International Inc. Class A | 0.22% | 1,921,088 | $2.7M | Reduce -32.9% |
| SCPH Scpharmaceuticals Inc. | 0.22% | 995,438 | $2.6M | Reduce -0.5% |
| CZR Caesars Entertainment Inc. | 0.20% | 98,879 | $2.5M | Reduce -1.1% |
| ACHV Achieve Life Sciences Inc. | 0.20% | 898,885 | $2.4M | Add +37.4% |
| ACH Accendra Health Inc. filed as OWENS & MINOR INC NEW | 0.15% | 200,000 | $1.8M | New |
| ALTISOURCE PORTFOLIO SOLNS S | 0.14% | 2,477,312 | $1.7M | Add +16.4% |
| NVNO Envveno Medical Corporation | 0.13% | 594,661 | $1.6M | Reduce -0.4% |
| EDSA Edesa Biotech Inc. | 0.13% | 625,000 | $1.5M | New |
| KOD Kodiak Sciences Inc. | 0.12% | 530,713 | $1.5M | Add +99.1% |
| BIOMX INC | 0.11% | 2,493,309 | $1.4M | Add +44.1% |
| AYTU Aytu Biopharma Inc. | 0.11% | 1,086,812 | $1.3M | No change |
| CNTX Context Therapeutics Inc. | 0.10% | 1,935,484 | $1.2M | No change |
| PAYO Payoneer Global Inc. | 0.09% | 148,052 | $1.1M | Reduce -90.4% |
| ZYXIQ Zynex Inc. | 0.09% | 487,778 | $1.1M | Reduce -0.5% |
| SSKN Strata Skin Sciences Inc. | 0.09% | 403,917 | $1.1M | No change |
| SLDB Solid Biosciences Inc. | 0.09% | 281,368 | $1.0M | New |
| DRIO Dariohealth Corp. | 0.09% | 1,692,303 | $1.0M | Reduce -30.8% |
| TLPH Talphera Inc. | 0.08% | 1,992,519 | $986K | No change |
| PERF Perfect Corp. | 0.07% | 495,041 | $894K | Reduce -1.0% |
| SGRP Spar Group Inc. | 0.07% | 660,688 | $872K | Reduce -0.2% |
| HLF Herbalife Ltd. | 0.07% | 100,000 | $863K | New |
| OLPX Olaplex Holdings Inc. | 0.07% | 650,000 | $826K | New |
| ACU Acme United Corp. filed as ACME UTD CORP | 0.07% | 20,427 | $809K | New |
| KPRX Kiora Pharmaceuticals Inc. | 0.05% | 211,110 | $635K | No change |
| FBIO Fortress Biotech Inc. | 0.04% | 325,520 | $508K | Add +159.3% |
| PLCE The Children's Place Inc. | 0.04% | 57,030 | $498K | Add +94.5% |
| APRE Aprea Therapeutics Inc. | 0.03% | 205,760 | $420K | No change |
| EVOK Evoke Pharma Inc. | 0.03% | 148,153 | $407K | Reduce -0.0% |
| LADR Ladder Capital Corp.-REIT | 0.02% | 25,401 | $290K | Reduce -0.9% |
| OKUR Onkure Therapeutics Inc. Class A | 0.02% | 54,208 | $233K | Reduce -1.0% |
| XGN Exagen Inc. | 0.02% | 61,186 | $220K | Reduce -1.5% |
| LXRX Lexicon Pharmaceuticals Inc. | 0.02% | 460,850 | $212K | Reduce -93.0% |
| LUCD Lucid Diagnostics Inc. | 0.01% | 94,541 | $141K | No change |
| LAZYDAYS HLDGS INC | 0.01% | 185,452 | $60K | Reduce -66.3% |
| TACT Transact Technologies Inc. | 0.00% | 15,046 | $55K | No change |
Options reported separately and not counted above: IWM puts ($608.4M), HYG puts ($276.1M), QQQ puts ($140.7M), XBI puts ($97.3M), HLF calls ($50.1M), SLNO puts ($42.9M), PTON calls ($26.5M), HGV calls ($21.5M), LYV puts ($17.0M), CZR calls ($12.5M), RDNW calls ($4.8M), GPCR calls ($2.6M), and 4 more.
Other holdings (3): bonds, preferreds, convertibles and warrants · $30K (not counted above)
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q4 2024 → Q1 2025
| PTON Peloton Interactive Inc. Class A | Reduce -39.6% | 2.28% | −2.12 |
| SLNO Soleno Therapeutics Inc. | Reduce -55.3% | 10.38% | −1.97 |
| BKSY Blacksky Technology Inc. | Sold out | 0.00% | −1.04 |
| IWM iShares Russell 2000 ETF | Reduce -70.1% | 0.48% | −1.03 |
| PAYO Payoneer Global Inc. | Reduce -90.4% | 0.09% | −0.99 |
| CASH Pathward Financial Inc. | Sold out | 0.00% | −0.98 |
| RZLT Rezolute Inc. | Reduce -54.8% | 0.31% | −0.67 |
| EHTH Ehealth Inc. | Reduce -34.7% | 0.72% | −0.60 |
| RDNW Ridenow Group Inc. | Reduce -0.0% | 0.76% | −0.48 |
| ZVRA Zevra Therapeutics Inc. | Reduce -37.1% | 0.91% | −0.45 |
| UPB Upstream Bio Inc. | Reduce -0.8% | 0.30% | −0.39 |
| LXRX Lexicon Pharmaceuticals Inc. | Reduce -93.0% | 0.02% | −0.32 |
| CDXS Codexis Inc. | Reduce -0.4% | 0.63% | −0.32 |
| IMTX Immatics NV | Sold out | 0.00% | −0.29 |
| SLN Silence Therapeutics PLC-ADR | Reduce -0.7% | 0.24% | −0.26 |
| OCUL Ocular Therapeutix Inc. | Sold out | 0.00% | −0.26 |
| MIST Milestone Pharmaceuticals Inc. | Sold out | 0.00% | −0.24 |
| VSTM Verastem Inc. | Reduce -38.8% | 1.15% | −0.21 |
| ZYXIQ Zynex Inc. | Reduce -0.5% | 0.09% | −0.19 |
| GPCR Structure Therapeutics Inc. | Reduce -23.7% | 0.24% | −0.18 |
| AVR Anteris Technologies Global | Reduce -0.2% | 0.49% | −0.16 |
| FOXF Fox Factory Holding Corp. | Reduce -1.2% | 1.21% | −0.13 |
| UNICYCIVE THERAPEUTICS INC | Reduce -9.6% | 0.45% | −0.13 |
| ATXS Astria Therapeutics Inc. | Reduce -0.8% | 0.30% | −0.13 |
| NPCE Neuropace Inc. | Reduce -44.5% | 0.32% | −0.12 |
| AURA Aura Biosciences Inc. | Reduce -0.2% | 0.61% | −0.12 |
| BCOV Brightcove | Sold out | 0.00% | −0.11 |
| MAX Mediaalpha Inc. Class A | Sold out | 0.00% | −0.10 |
| TYRA Tyra Biosciences Inc. | Sold out | 0.00% | −0.10 |
| TRML Tourmaline Bio Inc. | Reduce -0.8% | 0.67% | −0.09 |
| AEROVATE THERAPEUTICS INC | Sold out | 0.00% | −0.09 |
| IMAX Imax Corp. | Reduce -21.1% | 1.98% | −0.08 |
| RSVR Reservoir Media Inc. | Reduce -7.6% | 0.91% | −0.08 |
| NKTR Nektar Therapeutics | Reduce -0.3% | 0.44% | −0.07 |
| NNBR NN Inc. | Reduce -1.2% | 0.27% | −0.06 |
| IRON Disc Medicine Inc. | Reduce -1.1% | 0.61% | −0.06 |
| THTX Theratechnologies Inc. | Reduce -9.7% | 0.29% | −0.05 |
| DRIO Dariohealth Corp. | Reduce -30.8% | 0.09% | −0.05 |
| COGT Cogent Biosciences Inc. | Reduce -1.1% | 0.42% | −0.05 |
| EYPT Eyepoint Inc. | Reduce -1.1% | 0.27% | −0.05 |
| RDI Reading International Inc. Class A | Reduce -32.9% | 0.22% | −0.04 |
| LAZYDAYS HLDGS INC | Reduce -66.3% | 0.01% | −0.03 |
| SCPH Scpharmaceuticals Inc. | Reduce -0.5% | 0.22% | −0.03 |
| CZR Caesars Entertainment Inc. | Reduce -1.1% | 0.20% | −0.03 |
| PERF Perfect Corp. | Reduce -1.0% | 0.07% | −0.03 |
| EWTX Edgewise Therapeutics Inc. | Sold out | 0.00% | −0.03 |
| DHX Dhi Group Inc. | Reduce -0.1% | 0.27% | −0.02 |
| SGRP Spar Group Inc. | Reduce -0.2% | 0.07% | −0.02 |
| OKUR Onkure Therapeutics Inc. Class A | Reduce -1.0% | 0.02% | −0.01 |
| EVOK Evoke Pharma Inc. | Reduce -0.0% | 0.03% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| HGV Hilton Grand Vacations Inc. | Add +14.8% | 6.15% | +1.43 |
| EOLS Evolus Inc. | Add +16.6% | 3.63% | +1.22 |
| GOGO Gogo Inc. | Add +38.5% | 2.54% | +1.08 |
| RH RH | New | 0.97% | +0.97 |
| ESTA Establishment Labs Holdings | Add +7.2% | 5.99% | +0.66 |
| AMRX Amneal Pharmaceuticals Inc. | Add +3.9% | 2.64% | +0.61 |
| AVTX Avalo Therapeutics Inc. | New | 0.60% | +0.60 |
| MLYS Mineralys Therapeutics Inc. | Add +24.5% | 1.03% | +0.49 |
| THRD Third Harmonic Bio Inc. | Add +486.6% | 0.84% | +0.48 |
| AMLX Amylyx Pharmaceuticals Inc. | Add +102.1% | 0.86% | +0.48 |
| CRMT America's Car-Mart Inc. | Add +18.4% | 2.42% | +0.47 |
| CMPS Compass Pathways PLC | Add +182.9% | 0.67% | +0.40 |
| XNCR Xencor Inc. | New | 0.40% | +0.40 |
| CRGX Cargo Therapeutics Inc. | New | 0.37% | +0.37 |
| RAPT THERAPEUTICS INC | Add +303.1% | 0.51% | +0.37 |
| RMR RMR Group Inc./the - A | Add +63.3% | 1.01% | +0.36 |
| RCKT Rocket Pharmaceuticals Inc. | New | 0.35% | +0.35 |
| KOS Kosmos Energy Ltd. | New | 0.32% | +0.32 |
| AKBA Akebia Therapeutics Inc. | New | 0.32% | +0.32 |
| DYN Dyne Therapeutics Inc. | New | 0.30% | +0.30 |
| CMCO Columbus McKinnon Corp. | New | 0.28% | +0.28 |
| KROS Keros Therapeutics Inc. | Add +64.7% | 1.27% | +0.26 |
| IRD Opus Genetics Inc. | New | 0.26% | +0.26 |
| SNTI Senti Biosciences Inc. | New | 0.25% | +0.25 |
| SVRA Savara Inc. | Add +7.3% | 1.85% | +0.23 |
| GRCE Grace Therapeutics Inc. | New | 0.22% | +0.22 |
| ETON Eton Pharmaceuticals Inc. | Add +5.1% | 1.26% | +0.22 |
| NSPR Inspiremd Inc. | Add +38.4% | 0.52% | +0.21 |
| ILPT Industrial Logistics Propert | Add +18.9% | 0.71% | +0.17 |
| BVS Bioventus Inc. Class A | Add +2.5% | 3.12% | +0.16 |
| ACH Accendra Health Inc. | New | 0.15% | +0.15 |
| EDSA Edesa Biotech Inc. | New | 0.13% | +0.13 |
| STKS One Group Hospitality Inc. | Add +1.6% | 0.52% | +0.10 |
| SLDB Solid Biosciences Inc. | New | 0.09% | +0.09 |
| HLF Herbalife Ltd. | New | 0.07% | +0.07 |
| OLPX Olaplex Holdings Inc. | New | 0.07% | +0.07 |
| ACU Acme United Corp. | New | 0.07% | +0.07 |
| CNTA Centessa Pharmaceuticals Ltd. | Add +8.2% | 0.66% | +0.06 |
| ALTISOURCE PORTFOLIO SOLNS S | Add +16.4% | 0.14% | +0.04 |
| ACHV Achieve Life Sciences Inc. | Add +37.4% | 0.20% | +0.04 |
| ABVX Abivax SA-ADR | Add +3.3% | 0.77% | +0.03 |
| BIOMX INC | Add +44.1% | 0.11% | +0.03 |
| SRZN Surrozen Inc. | Add +17.1% | 0.22% | +0.02 |
| FBIO Fortress Biotech Inc. | Add +159.3% | 0.04% | +0.02 |
| PLCE The Children's Place Inc. | Add +94.5% | 0.04% | +0.02 |
| APYX Apyx Medical Corp. | Add +2.8% | 0.37% | +0.02 |
| ALTG Alta Equipment Group Inc. | Add +23.4% | 0.40% | +0.02 |
| FOSL Fossil Group Inc. | Add +25.9% | 0.40% | +0.01 |
| ASSERTIO HOLDINGS INC | Add +3.6% | 0.47% | −0.03 |
| KOD Kodiak Sciences Inc. | Add +99.1% | 0.12% | −0.06 |
Options Activity Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | put | Add +27.1% | 3,050,000 | $608.4M |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 3,500,000 | $276.1M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 300,000 | $140.7M |
| LLY Eli Lilly & Co. | put | Sold out | 160,000 | $123.5Mbefore exit |
| XBI SS SPDR S&P Biotech ETF | put | Reduce -4.0% | 1,200,000 | $97.3M |
| HLF Herbalife Ltd. | call | Add +625.0% | 5,800,000 | $50.1M |
| SLNO Soleno Therapeutics Inc. | put | New | 600,000 | $42.9M |
| SYK Stryker Corp. | put | Sold out | 100,000 | $36.0Mbefore exit |
| PTON Peloton Interactive Inc. Class A | call | Reduce -17.5% | 4,200,000 | $26.5M |
| HGV Hilton Grand Vacations Inc. | call | New | 575,000 | $21.5M |
| LYV Live Nation Entertainment Inc. | put | New | 130,300 | $17.0M |
| CZR Caesars Entertainment Inc. | call | Add +150.0% | 500,000 | $12.5M |
| KRYS Krystal Biotech Inc. | put | Sold out | 50,000 | $7.8Mbefore exit |
| IMAX Imax Corp. | call | Sold out | 250,000 | $6.4Mbefore exit |
| QURE Uniqure NV | call | Sold out | 201,000 | $3.5Mbefore exit |
| EOLS Evolus Inc. | call | New | 100,000 | $1.2M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2024 → Q1 2025
| TCBWF TC Biopharm Holdings Ltd. | *W EXP 02/10/202 | Sold out | 235,294 | $2Kbefore 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 2026Amended | 128 | $1.6B | TBBK, BVS, HGV, SVRA, ETON |
| Q1 2026 | 125 | $1.6B | TBBK, HGV, SLNO, BVS, PTON |
| Q4 2025 | 127 | $1.7B | TBBK, ESTA, HGV, SLNO, XTNT |
| Q3 2025 | 127 | $1.6B | ESTA, HGV, TBBK, QURE, SLNO |
| Q2 2025 | 133 | $1.4B | SLNO, HGV, ESTA, TBBK, XTNT |
| Q1 2025 | 126 | $1.2B | SLNO, HGV, ESTA, EOLS, TBBK |
| Q4 2024 | 118 | $1.4B | SLNO, ESTA, HGV, PTON, TBBK |
| Q3 2024 | 119 | $1.2B | SLNO, ESTA, BVS, PTON, EOLS |
| Q2 2024Amended | 113 | $994.2M | SLNO, ESTA, PTON, EOLS, BVS |
| Q1 2024 | 107 | $1.0B | SLNO, ESTA, CASH, EOLS, IMAX |