Sabby Management, LLC

Name: SABBY MANAGEMENT, LLC 13F holdings, Q3 2025
Creator: SABBY MANAGEMENT, LLC
Published: 2025-11-14

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

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Sabby Management, LLC reported 28 stock positions worth $19.1 million. Its top holding was Big Tree Cloud Holdings LT-A (DSY) at 42.0% of the portfolio, followed by Empery Digital (EMPD, 8.8%) and Pop Culture Class A (CPOP, 5.7%). Compared with Q2 2025, it opened 21 new positions, sold out of 25, added to 6 and reduced 1. The biggest buy was a new position in Big Tree Cloud Holdings LT-A (DSY) and the biggest sale an exit from Tempest Therapeutics (TPST).

Most Recent 13F: Q2 2026
Location: MIAMI BEACH, FL
CIK: 0001535610
Portfolio Value: $19.1M (Q3 2025)
SEC Filing: 0001104659-25-111938 ↗ filed Nov 14, 2025

Holdings Value

Holdings 28 stocks · $19.1M


DSY Big Tree Cloud Holdings LT-A	41.95%	7,720,762	$8.0M	New
EMPD Empery Digital Inc.	8.84%	225,058	$1.7M	Add +1321.3%
CPOP Pop Culture Group Co. Ltd. Class A	5.71%	1,227,666	$1.1M	New
EVEX Eve Holding Inc. filed as EVE HLDG INC	4.63%	232,458	$886K	New
CAN FITE BIOFARMA LTD	4.55%	1,406,050	$871K	Add +80.3%
LYRA Lyra Therapeutics Inc.	4.35%	127,624	$833K	Add +1.5%
OCEANPAL INC	4.30%	668,969	$823K	New
LM FDG AMER INC	3.80%	638,250	$728K	New
BIOAFFINITY TECHNOLOGIES INC	3.75%	242,757	$719K	New
UCAR U Power Ltd. Class A	2.54%	240,260	$485K	Add +3943.4%
INM Inmed Pharmaceuticals Inc.	2.52%	219,998	$482K	New
EEIQ Epicquest Education Group Inc.	2.09%	900,765	$401K	New
SNES Senestech Inc.	1.63%	71,283	$313K	New
GOVX Geovax Labs Inc.	1.63%	661,376	$313K	New
REVELATION BIOSCIENCES INC	1.54%	207,051	$294K	Add +214.7%
VISION MARINE TECHNOLOGIES I	1.33%	186,536	$254K	New
WOK Work Medical Technology GR-A	1.07%	2,724,004	$204K	New
CETX Cemtrex Inc.	0.74%	24,987	$141K	New
NUWE Nuwellis Inc.	0.63%	35,894	$120K	New
SNGX Soligenix Inc.	0.49%	81,000	$94K	New
AIM Aim Immunotech Inc.	0.41%	28,855	$79K	New
OGEN Oragenics Inc.	0.40%	58,953	$77K	New
TC Token Cat Ltd.	0.29%	3,983	$55K	New
BJDX Bluejay Diagnostics Inc.	0.24%	29,628	$45K	Reduce -69.2%
RUBI Rubico Inc.	0.23%	20,835	$44K	New
ACXP Acurx Pharmaceuticals Inc.	0.20%	8,705	$37K	Add +103.9%
CORZ Core Scientific Inc.	0.10%	1,040	$19K	New
SOLAI LIMITED filed as BIT MINING LIMITED	0.05%	3,865	$10K	New

Options reported separately and not counted above: ISHARES TR calls ($20.2M), STATE STR SPDR S&P 500 ETF T puts ($17.3M), ISHARES TR puts ($17.0M), STATE STR SPDR S&P 500 ETF T calls ($7.9M), EOS ENERGY ENTERPRISES INC puts ($4.0M), ZEVRA THERAPEUTICS INC puts ($311K), GEVO INC puts ($275K), CORE SCIENTIFIC INC NEW puts ($233K), SOLAI LIMITED puts ($36K), REVIVA PHARMACEUTCLS HLDGS I puts ($10K).

Other holdings (1): bonds, preferreds, convertibles and warrants · $125K (not counted above)

Security	Class	Shares / Principal	Value	Change
BCTXZ Briacell Therapeutics - 30	*W EXP 99/99/999	374,488	$125K	Reduce -37.5%

Total filed on the 13F, all lines: $19.3M.

Portfolio Sells Q2 2025 → Q3 2025


TPST Tempest Therapeutics Inc.	Sold out	0.00%	−15.21
EOSE Eos Energy Enterprises Inc.	Sold out	0.00%	−14.17
LEXX Lexaria Bioscience Corp.	Sold out	0.00%	−8.20
IMNN Imunon Inc.	Sold out	0.00%	−5.82
BTBT Bit Digital Inc.	Sold out	0.00%	−5.23
SAFE & GREEN HOLDINGS CORP	Sold out	0.00%	−3.65
IWM iShares Russell 2000 ETF	Sold out	0.00%	−3.50
ITRMF Iterum Therapeutics PLC	Sold out	0.00%	−3.47
XTIA Xti Aerospace Inc.	Sold out	0.00%	−3.23
SUNE Sunation Energy Inc.	Sold out	0.00%	−2.90
CHSN Chanson International Hold-A	Sold out	0.00%	−2.29
PLRZ Polyrizon Ltd.	Sold out	0.00%	−2.03
SNOW LAKE RES LTD	Sold out	0.00%	−1.85
AKTX Akari Therapeutics PLC	Sold out	0.00%	−1.70
DIGITAL ALLY INC	Sold out	0.00%	−1.51
AIRE Realpha Tech Corp.	Sold out	0.00%	−1.29
BJDX Bluejay Diagnostics Inc.	Reduce -69.2%	0.24%	−1.10
BNBX BNB Plus Corp.	Sold out	0.00%	−1.01
VANI Vivani Medical Inc.	Sold out	0.00%	−0.98
BRIACELL THERAPEUTICS CORP	Sold out	0.00%	−0.94
PSYENCE BIOMEDICAL LTD	Sold out	0.00%	−0.88
REVIVA PHARMACEUTCLS HLDGS I	Sold out	0.00%	−0.52
SDA Suncar Technology Group in-A	Sold out	0.00%	−0.38
NUWE Nuwellis Inc.	Sold out	0.00%	−0.26
ELAB PMGC Hldgs Inc.	Sold out	0.00%	−0.09
SUNSHINE BIOPHARMA INC	Sold out	0.00%	−0.02

Portfolio Buys Q2 2025 → Q3 2025


DSY Big Tree Cloud Holdings LT-A	New	41.95%	+41.95
EMPD Empery Digital Inc.	Add +1321.3%	8.84%	+7.95
CPOP Pop Culture Group Co. Ltd. Class A	New	5.71%	+5.71
EVEX Eve Holding Inc.	New	4.63%	+4.63
OCEANPAL INC	New	4.30%	+4.30
LM FDG AMER INC	New	3.80%	+3.80
BIOAFFINITY TECHNOLOGIES INC	New	3.75%	+3.75
INM Inmed Pharmaceuticals Inc.	New	2.52%	+2.52
UCAR U Power Ltd. Class A	Add +3943.4%	2.54%	+2.35
EEIQ Epicquest Education Group Inc.	New	2.09%	+2.09
SNES Senestech Inc.	New	1.63%	+1.63
GOVX Geovax Labs Inc.	New	1.63%	+1.63
VISION MARINE TECHNOLOGIES I	New	1.33%	+1.33
REVELATION BIOSCIENCES INC	Add +214.7%	1.54%	+1.14
WOK Work Medical Technology GR-A	New	1.07%	+1.07
CETX Cemtrex Inc.	New	0.74%	+0.74
NUWE Nuwellis Inc.	New	0.63%	+0.63
SNGX Soligenix Inc.	New	0.49%	+0.49
AIM Aim Immunotech Inc.	New	0.41%	+0.41
OGEN Oragenics Inc.	New	0.40%	+0.40
TC Token Cat Ltd.	New	0.29%	+0.29
RUBI Rubico Inc.	New	0.23%	+0.23
CORZ Core Scientific Inc.	New	0.10%	+0.10
SOLAI LIMITED	New	0.05%	+0.05
ACXP Acurx Pharmaceuticals Inc.	Add +103.9%	0.20%	−0.14
CAN FITE BIOFARMA LTD	Add +80.3%	4.55%	−2.07
LYRA Lyra Therapeutics Inc.	Add +1.5%	4.35%	−4.76

Options Activity Q2 2025 → Q3 2025


ISHARES TR	call	New	834	$20.2M
STATE STR SPDR S&P 500 ETF T	put	Add +39.3%	259	$17.3M
ISHARES TR	put	Reduce -17.2%	704	$17.0M
STATE STR SPDR S&P 500 ETF T	call	Add +18.0%	118	$7.9M
EOS ENERGY ENTERPRISES INC	put	Reduce -54.5%	3,503	$4.0M
CORE SCIENTIFIC INC NEW	call	Sold out	631	$1.1Mbefore exit
BIT DIGITAL INC	put	Sold out	3,021	$662Kbefore exit
ZEVRA THERAPEUTICS INC	put	Add +208.5%	327	$311K
GEVO INC	put	New	1,403	$275K
EOS ENERGY ENTERPRISES INC	call	Sold out	246	$126Kbefore exit
SOLAI LIMITED	put	New	134	$36K

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


BCTXZ Briacell Therapeutics - 30	*W EXP 99/99/999	Reduce -37.5%	374,488	$125K

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