Sabby Management, LLC

Name: SABBY MANAGEMENT, LLC 13F holdings, Q2 2025
Creator: SABBY MANAGEMENT, LLC
Published: 2025-08-14

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Sabby Management, LLC reported 32 stock positions worth $12.4 million. Its top holding was Tempest Therapeutics (TPST) at 15.2% of the portfolio, followed by Eos Energy Enterprises (EOSE, 14.2%) and Lyra Therapeutics (LYRA, 9.1%). Compared with Q1 2025, it opened 22 new positions, sold out of 26, added to 1 and reduced 8. The biggest buy was a new position in Tempest Therapeutics (TPST) and the biggest sale an exit from Surf Air Mobility (SRFM).

Most Recent 13F: Q2 2026
Location: MIAMI BEACH, FL
CIK: 0001535610
Portfolio Value: $12.4M (Q2 2025)
SEC Filing: 0001104659-25-078065 ↗ filed Aug 14, 2025

Holdings Value

Holdings 32 stocks · $12.4M


TPST Tempest Therapeutics Inc.	15.21%	276,587	$1.9M	New
EOSE Eos Energy Enterprises Inc.	14.17%	342,303	$1.8M	Reduce -50.1%
LYRA Lyra Therapeutics Inc.	9.11%	125,729	$1.1M	New
LEXX Lexaria Bioscience Corp.	8.20%	1,165,144	$1.0M	New
CAN FITE BIOFARMA LTD	6.62%	779,744	$819K	New
IMNN Imunon Inc.	5.82%	900,000	$720K	New
BTBT Bit Digital Inc.	5.23%	295,000	$646K	Reduce -37.1%
SAFE & GREEN HOLDINGS CORP	3.65%	702,000	$451K	New
IWM iShares Russell 2000 ETF	3.50%	2,004	$432K	Reduce -90.5%
ITRMF Iterum Therapeutics PLC	3.47%	430,761	$429K	New
XTIA Xti Aerospace Inc.	3.23%	244,780	$399K	Reduce -23.7%
SUNE Sunation Energy Inc.	2.90%	226,710	$358K	New
CHSN Chanson International Hold-A	2.29%	2,185,933	$283K	New
PLRZ Polyrizon Ltd.	2.03%	340,464	$252K	New
SNOW LAKE RES LTD	1.85%	63,044	$228K	Add +105.0%
AKTX Akari Therapeutics PLC	1.70%	179,785	$210K	New
DIGITAL ALLY INC	1.51%	78,245	$186K	New
BJDX Bluejay Diagnostics Inc.	1.34%	96,033	$165K	New
AIRE Realpha Tech Corp.	1.29%	523,449	$160K	New
BNBX BNB Plus Corp. filed as APPLIED DNA SCIENCES INC	1.01%	24,355	$125K	New
VANI Vivani Medical Inc.	0.98%	93,825	$121K	Reduce -89.0%
BRIACELL THERAPEUTICS CORP	0.94%	39,530	$116K	New
EMPD Empery Digital Inc. filed as VOLCON INC	0.89%	15,835	$110K	New
PSYENCE BIOMEDICAL LTD	0.88%	20,328	$108K	New
REVIVA PHARMACEUTCLS HLDGS I	0.52%	169,921	$65K	New
REVELATION BIOSCIENCES INC	0.40%	65,789	$49K	New
SDA Suncar Technology Group in-A	0.38%	18,200	$46K	No change
ACXP Acurx Pharmaceuticals Inc.	0.34%	81,892	$42K	Reduce -96.0%
NUWE Nuwellis Inc.	0.26%	147,961	$33K	New
UCAR U Power Ltd. Class A	0.18%	5,942	$23K	Reduce -91.8%
ELAB PMGC Hldgs Inc.	0.09%	5,307	$11K	Reduce -86.2%
SUNSHINE BIOPHARMA INC	0.02%	1,558	$2K	New

Options reported separately and not counted above: ISHARES TR puts ($18.3M), STATE STR SPDR S&P 500 ETF T puts ($11.5M), STATE STR SPDR S&P 500 ETF T calls ($6.2M), EOS ENERGY ENTERPRISES INC puts ($3.9M), CORE SCIENTIFIC INC NEW calls ($1.1M), BIT DIGITAL INC puts ($662K), CORE SCIENTIFIC INC NEW puts ($222K), EOS ENERGY ENTERPRISES INC calls ($126K), ZEVRA THERAPEUTICS INC puts ($93K), REVIVA PHARMACEUTCLS HLDGS I puts ($10K).

Other holdings (1): bonds, preferreds, convertibles and warrants · $635K (not counted above)

Security	Class	Shares / Principal	Value	Change
BCTXZ Briacell Therapeutics - 30	*W EXP 99/99/999	598,743	$635K	New

Total filed on the 13F, all lines: $13.0M.

Portfolio Sells Q1 2025 → Q2 2025


SRFM Surf Air Mobility Inc.	Sold out	0.00%	−19.81
IWM iShares Russell 2000 ETF	Reduce -90.5%	3.50%	−14.20
LLY Eli Lilly & Co.	Sold out	0.00%	−11.86
KSCP Knightscope Inc. Class A	Sold out	0.00%	−5.26
CYN Cyngn Inc.	Sold out	0.00%	−3.04
ACXP Acurx Pharmaceuticals Inc.	Reduce -96.0%	0.34%	−3.01
SPY SS SPDR S&P 500 ETF Trust-US	Sold out	0.00%	−2.80
VANI Vivani Medical Inc.	Reduce -89.0%	0.98%	−2.78
CORZ Core Scientific Inc.	Sold out	0.00%	−1.82
HEPA Hepion Pharmaceuticals Inc.	Sold out	0.00%	−1.51
SHARPS TECHNOLOGY INC	Sold out	0.00%	−1.47
WLGSF Wang & Lee Group Inc.	Sold out	0.00%	−1.22
AEON Aeon Biopharma Inc.	Sold out	0.00%	−1.09
VOLCON INC	Sold out	0.00%	−0.79
ELAB PMGC Hldgs Inc.	Reduce -86.2%	0.09%	−0.66
PSYENCE BIOMEDICAL LTD	Sold out	0.00%	−0.65
HOUSTON AMERICAN ENERGY CORP	Sold out	0.00%	−0.60
LOGICMARK INC	Sold out	0.00%	−0.59
UCAR U Power Ltd. Class A	Reduce -91.8%	0.18%	−0.57
NNOX Nano-X Imaging Ltd.	Sold out	0.00%	−0.55
NOVABAY PHARMACEUTICALS INC	Sold out	0.00%	−0.54
ENSC Ensysce Biosciences Inc.	Sold out	0.00%	−0.50
FEMTO TECHNOLOGIES INC	Sold out	0.00%	−0.48
TRANSCODE THERAPEUTICS INC	Sold out	0.00%	−0.48
ALLURION TECHNOLOGIES INC	Sold out	0.00%	−0.38
GNLN Greenlane Hldgs Inc.	Sold out	0.00%	−0.33
SCPX Scorpius Holdings Inc.	Sold out	0.00%	−0.16
SIDU Sidus Space Inc. Class A	Sold out	0.00%	−0.15
KPRX Kiora Pharmaceuticals Inc.	Sold out	0.00%	−0.06
AGMH Agm Group Holdings Inc. Class A	Sold out	0.00%	−0.03
GLBS Globus Maritime Limited	Sold out	0.00%	−0.02
BTBT Bit Digital Inc.	Reduce -37.1%	5.23%	+1.25
XTIA Xti Aerospace Inc.	Reduce -23.7%	3.23%	+1.76
EOSE Eos Energy Enterprises Inc.	Reduce -50.1%	14.17%	+3.29

Portfolio Buys Q1 2025 → Q2 2025


TPST Tempest Therapeutics Inc.	New	15.21%	+15.21
LYRA Lyra Therapeutics Inc.	New	9.11%	+9.11
LEXX Lexaria Bioscience Corp.	New	8.20%	+8.20
CAN FITE BIOFARMA LTD	New	6.62%	+6.62
IMNN Imunon Inc.	New	5.82%	+5.82
SAFE & GREEN HOLDINGS CORP	New	3.65%	+3.65
ITRMF Iterum Therapeutics PLC	New	3.47%	+3.47
SUNE Sunation Energy Inc.	New	2.90%	+2.90
CHSN Chanson International Hold-A	New	2.29%	+2.29
PLRZ Polyrizon Ltd.	New	2.03%	+2.03
AKTX Akari Therapeutics PLC	New	1.70%	+1.70
DIGITAL ALLY INC	New	1.51%	+1.51
BJDX Bluejay Diagnostics Inc.	New	1.34%	+1.34
AIRE Realpha Tech Corp.	New	1.29%	+1.29
BNBX BNB Plus Corp.	New	1.01%	+1.01
SNOW LAKE RES LTD	Add +105.0%	1.85%	+0.98
BRIACELL THERAPEUTICS CORP	New	0.94%	+0.94
EMPD Empery Digital Inc.	New	0.89%	+0.89
PSYENCE BIOMEDICAL LTD	New	0.88%	+0.88
REVIVA PHARMACEUTCLS HLDGS I	New	0.52%	+0.52
REVELATION BIOSCIENCES INC	New	0.40%	+0.40
NUWE Nuwellis Inc.	New	0.26%	+0.26
SUNSHINE BIOPHARMA INC	New	0.02%	+0.02

Options Activity Q1 2025 → Q2 2025


ISHARES TR	put	Reduce -29.2%	850	$18.3M
STATE STR SPDR S&P 500 ETF T	put	Reduce -35.0%	186	$11.5M
STATE STR SPDR S&P 500 ETF T	call	Reduce -9.1%	100	$6.2M
EOS ENERGY ENTERPRISES INC	put	Reduce -20.2%	7,704	$3.9M
ELI LILLY & CO	put	Sold out	186	$1.5Mbefore exit
BIT DIGITAL INC	put	Sold out	4,696	$1.5Mbefore exit
CORE SCIENTIFIC INC NEW	call	New	631	$1.1M
BIT DIGITAL INC	put	New	3,021	$662K
ELI LILLY & CO	call	Sold out	176	$556Kbefore exit
CORE SCIENTIFIC INC NEW	put	New	130	$222K
EOS ENERGY ENTERPRISES INC	call	New	246	$126K
ZEVRA THERAPEUTICS INC	put	Reduce -86.0%	106	$93K
CHECKPOINT THERAPEUTICS INC	put	Sold out	354	$25Kbefore exit
REVIVA PHARMACEUTCLS HLDGS I	put	Reduce -98.1%	265	$10K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q1 2025 → Q2 2025


BCTXZ Briacell Therapeutics - 30	*W EXP 99/99/999	New	598,743	$635K

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	14	$11.8M	SPY, TOYO, FAMI, CRVO, TPST
Q1 2026	20	$5.3M	SPY, ALP, SNES, DSY, BCTX
Q4 2025	24	$11.9M	DSY, EMPD, BLNK, BITCOIN DEPOT INC, ABVX
Q3 2025	28	$19.1M	DSY, EMPD, CPOP, EVEX, CAN FITE BIOFARMA LTD
Q2 2025	32	$12.4M	TPST, EOSE, LYRA, LEXX, CAN FITE BIOFARMA LTD
Q1 2025	36	$23.8M	SRFM, IWM, LLY, EOSE, KSCP
Q4 2024	15	$12.3M	EOSE, SPY, IWM, VANI, BTBT
Q3 2024	24	$7.2M	VANI, VOLCON INC, HEALTHY CHOICE WELLNESS CORP, IMNN, CORZ
Q2 2024	22	$6.7M	VANI, RDHL, GREENWAVE TECHNOLOGY SOLUTIO, ELTK, IWM
Q1 2024	36	$13.9M	VANI, ELTK, RDHL, TNXP, GMM