Newtyn Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Newtyn Management, LLC reported 32 stock positions worth $574.3 million. Its top holding was People (PPLI) at 10.7% of the portfolio, followed by Quidelortho (QDEL, 9.4%) and Theravance Biopharma (TBPH, 7.8%). Compared with Q3 2024, it opened 4 new positions, sold out of 10, added to 7 and reduced 7. The biggest buy was a new position in Amn Healthcare Services (AMN) and the biggest sale an exit from Endeavor Group Hold Class A (EDR).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001569241
Portfolio Value
$574.3M (Q4 2024)
SEC Filing
0001493152-25-006840 ↗ filed Feb 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $496.5M Q1 2024 Q2 2024: $527.2M Q2 2024 Q3 2024: $648.7M Q3 2024 Q4 2024: $574.3M $574.3M Q4 2024 Q1 2025: $632.1M Q1 2025 Q2 2025: $660.0M Q2 2025 Q3 2025: $816.9M Q3 2025 Q4 2025: $945.3M Q4 2025 Q1 2026: $935.8M Q1 2026 Q2 2026: $800.9M Q2 2026

Holdings 32 stocks · $574.3M
PPLI People Inc. filed as IAC INC 10.70% 1,425,000 $61.5M No change
QDEL Quidelortho Corp. 9.43% 1,215,000 $54.1M No change
TBPH Theravance Biopharma Inc. 7.80% 4,757,403 $44.8M Add +5.7%
CCOI Cogent Communications Holdin 7.05% 525,000 $40.5M No change
CNNE Cannae Holdings Inc. 6.54% 1,890,000 $37.5M Add +18.9%
PAR Par Technology Corp. 6.33% 500,000 $36.3M Reduce -28.6%
AIV Apartment Invt & Mgmt Co. Class A 5.98% 3,776,144 $34.3M Add +0.2%
AMN Amn Healthcare Services Inc. 4.95% 1,188,016 $28.4M New
BV Brightview Holdings Inc. 4.91% 1,761,889 $28.2M No change
CIO City Office REIT Inc. 3.79% 3,938,000 $21.7M No change
SPB Spectrum Brands Holdings Inc. 3.68% 249,937 $21.1M No change
INDV Indivior Ltd. 3.04% 1,406,531 $17.5M Add +62.0%
MAGN Magnera Corp. 2.85% 900,000 $16.4M New
FSP Franklin Street Properties C 2.28% 7,150,000 $13.1M No change
CLFD Clearfield Inc. 2.25% 417,572 $12.9M No change
VTOL Bristow Group Inc. 1.93% 323,714 $11.1M Reduce -42.4%
SOLV Solventum Corp. 1.89% 164,529 $10.9M Reduce -67.3%
NODK Ni Holdings Inc. filed as NI HLDGS INC 1.73% 631,827 $9.9M No change
FBTC Fidelity Wise Origin Bitcoin 1.71% 120,200 $9.8M Add +38.2%
USAR USA Rare Earth Inc. filed as INFLECTION PT ACQUISITN CRP 1.40% 700,000 $8.0M New
MITK Mitek Systems Inc. 1.40% 721,554 $8.0M Reduce -29.4%
TSVT 2SEVENTY Bio Inc. 1.30% 2,534,836 $7.5M Reduce -0.2%
LKFT Lakefront Biotherapeutic-ADR filed as GALAPAGOS NV 1.29% 270,000 $7.4M Reduce -46.0%
GRAL Grail Inc. 1.24% 400,000 $7.1M Add +8.4%
HE Hawaiian Electric Inds 1.19% 700,000 $6.8M Reduce -75.7%
RVNC Revance Therapeutics Inc. 0.96% 1,810,000 $5.5M New
WVE Wave Life Sciences Ltd. 0.92% 425,000 $5.3M No change
ABEO Abeona Therapeutics Inc. 0.37% 380,000 $2.1M No change
AVIR Atea Pharmaceuticals Inc. 0.34% 580,000 $1.9M Add +52.6%
ETNB 89BIO Inc. 0.33% 240,000 $1.9M No change
MURA Mural Oncology PLC 0.32% 570,000 $1.8M No change
OLMA Olema Pharmaceuticals Inc. 0.14% 140,000 $816K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $10K (not counted above)
SecurityClassShares / PrincipalValueChange
LFLYW Merida Merger Corp. I -CW26 *W EXP 02/04/202 634,640$10KNo change

Total filed on the 13F, all lines: $574.3M.

Portfolio Sells Q3 2024 → Q4 2024
EDR Endeavor Group Hold Class A Sold out 0.00% −4.95
SOLV Solventum Corp. Reduce -67.3% 1.89% −3.51
HE Hawaiian Electric Inds Reduce -75.7% 1.19% −3.12
OFIX Orthofix Medical Inc. Sold out 0.00% −1.96
BVFL BV Financial Inc. Sold out 0.00% −1.62
VTOL Bristow Group Inc. Reduce -42.4% 1.93% −1.07
MBI Mbia Inc. Sold out 0.00% −1.03
STHO Star Holdings Sold out 0.00% −0.97
LKFT Lakefront Biotherapeutic-ADR Reduce -46.0% 1.29% −0.93
PCG P G & E Corp. Sold out 0.00% −0.82
TSVT 2SEVENTY Bio Inc. Reduce -0.2% 1.30% −0.55
KOD Kodiak Sciences Inc. Sold out 0.00% −0.30
GLATFELTER CORP Sold out 0.00% −0.25
BDTX Black Diamond Therapeutics I Sold out 0.00% −0.06
BOLT Bolt Biotherapeutics Inc. Sold out 0.00% −0.05
MITK Mitek Systems Inc. Reduce -29.4% 1.40% +0.03
PAR Par Technology Corp. Reduce -28.6% 6.33% +0.71

Portfolio Buys Q3 2024 → Q4 2024
AMN Amn Healthcare Services Inc. New 4.95% +4.95
MAGN Magnera Corp. New 2.85% +2.85
TBPH Theravance Biopharma Inc. Add +5.7% 7.80% +2.21
CNNE Cannae Holdings Inc. Add +18.9% 6.54% +1.86
INDV Indivior Ltd. Add +62.0% 3.04% +1.74
USAR USA Rare Earth Inc. New 1.40% +1.40
FBTC Fidelity Wise Origin Bitcoin Add +38.2% 1.71% +0.96
RVNC Revance Therapeutics Inc. New 0.96% +0.96
AIV Apartment Invt & Mgmt Co. Class A Add +0.2% 5.98% +0.72
GRAL Grail Inc. Add +8.4% 1.24% +0.46
AVIR Atea Pharmaceuticals Inc. Add +52.6% 0.34% +0.14

Notes & Other Activity Q3 2024 → Q4 2024
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) NOTE 9.000% 8/0 · principal Sold out 2,769,364 $2.8Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 34$800.9MQDEL, TBPH, INDV, CNNE, PAR
Q1 2026 33$935.8MNVRI, TBPH, QDEL, AD, VISN
Q4 2025 31$945.3MAD, INDV, QDEL, NVRI, TBPH
Q3 2025 33$816.9MINDV, QDEL, TBPH, AD, CNNE
Q2 2025 34$660.0MCNNE, TBPH, QDEL, AIV, BV
Q1 2025 31$632.1MCNNE, PPLI, MRP, AIV, QDEL
Q4 2024 32$574.3MPPLI, QDEL, TBPH, CCOI, CNNE
Q3 2024 38$648.7MPPLI, QDEL, CCOI, PAR, TBPH
Q2 2024 38$527.2MPPLI, PAR, QDEL, SOLV, VTOL
Q1 2024 38$496.5MPPLI, PAR, CNNE, VTOL, MACK