HEIGHTS CAPITAL MANAGEMENT, INC

SAN FRANCISCO, CA · CIK 1081698 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbySan Francisco, CA

$433.1m reported value +21.3% vs Q1 2026

323positions

28.2%in top 10

165 new 1 added 75 reduced 106 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

CVI Investments, Inc. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	FLUTTER ENTMT PLC SHS FLUT	FLUT	294,180	$30.1m6.94%	6.94%	Unchanged
2	AMC ENTMT HLDGS INC CL A NEW AMC	AMC	12,613,528	$24.0m5.53%	5.53%	New
3	MEIRAGTX HLDGS PLC COM MGTX	MGTX	850,000	$11.5m2.65%	2.65%	New
4	TAYSHA GENE THERAPIES INC COM SHS TSHA	TSHA	1,500,000	$10.2m2.36%	2.36%	New
5	STARLINK AI ACQUISITION CORP UNIT 99/99/9999 OTAI.U	OTAI.U	999,990	$10.1m2.33%	2.33%	New
6	CH4 NATURAL SOLUTIONS CORP ORD SHS CL A MTNE	MTNE	800,000	$7.9m1.82%	1.82%	New
7	JACKSON ACQUISITION CO II COM SHS CL A JACS	JACS	700,000	$7.4m1.72%	1.72%	Unchanged
8	JAB ACQUISITION CORP I UNIT 06/05/2031 ATLQU	ATLQU	700,000	$7.0m1.62%	1.62%	New
9	DRUGS MADE IN AMER ACQUTN CO ORD SHS DMAA	DMAA	648,083	$6.9m1.59%	1.59%	Reduced -1.9k	-1,917 -0.3%
10	TOYO CO LTD ORD SH TOYO	TOYO	989,231	$6.9m1.59%	1.59%	New
11	SNOW ROTHSCHILD ACQUISITION UNIT 05/22/2031 ISNRU	ISNRU	650,000	$6.5m1.50%	1.50%	New
12	GORES HOLDINGS XI INC UNIT 06/24/2031 GHXIU	GHXIU	600,000	$6.1m1.40%	1.40%	New
13	IRON DOME ACQUISITION I CORP UNIT 02/27/2031 IDACU	IDACU	600,000	$6.1m1.40%	1.40%	New
14	ALPEX ACQUISITION CORP UNIT 06/05/2031 ALPXU	ALPXU	550,000	$5.5m1.27%	1.27%	New
15	PONO CAP FOUR INC CL A ORD SHS PONO	PONO	549,714	$5.5m1.26%	1.26%	New
16	DRUGS MADE IN AMER ACQ II CO USD ORD SHS DMII	DMII	519,400	$5.2m1.21%	1.21%	Unchanged
17	KOCHAV DEFENSE ACQUI CO SHS CL A KCHV	KCHV	500,000	$5.2m1.20%	1.20%	Unchanged
18	PROQR THRAPEUTICS N V SHS EURO PRQR	PRQR	2,762,430	$5.1m1.19%	1.19%	New
19	OCEAN CAP ACQUISITION CORP UNIT 99/99/9999 OCAC.U	OCAC.U	500,000	$5.1m1.18%	1.18%	New
20	GENERAL CATALYST GBL RESIL M CL A GCGR	GCGR	500,000	$5.0m1.16%	1.16%	New
21	DISCIPLINED GROWTH UNIT 99/99/9999 DGAC.U	DGAC.U	500,000	$5.0m1.16%	1.16%	New
22	BHAV ACQUISITION CORP CL A ORD SHS BHAV	BHAV	493,719	$4.9m1.13%	1.13%	New
23	XFLH CAP CORP ORD SHS XFLH	XFLH	475,000	$4.7m1.09%	1.09%	New
24	IRON HORSE ACQUISIT II CORP COM IRHO	IRHO	470,000	$4.7m1.09%	1.09%	Unchanged
25	NMP ACQUISITION CORP CL A NMP	NMP	450,000	$4.6m1.07%	1.07%	Unchanged
26	BERTO ACQUISITION CORP II UNIT 03/06/2031 GUACU	GUACU	450,000	$4.5m1.05%	1.05%	New
27	BURTECH ACQUISITION CORP II UNIT 05/21/2031 BRKHU	BRKHU	400,000	$4.0m0.93%	0.93%	New
28	LONG TABLE GROWTH CORP UNIT 05/29/2031 LTGRU	LTGRU	400,000	$4.0m0.92%	0.92%	New
29	FIFTH ERA ACQUISITION CORP I ORD SHS CL A FERA	FERA	350,000	$3.6m0.84%	0.84%	Unchanged
30	ARMADA ACQUISITION CORP III ORD SHS CL A AACI	AACI	365,000	$3.6m0.84%	0.84%	New
31	EMMIS ACQUISITION CORP. SHS CL A EMIS	EMIS	350,000	$3.6m0.82%	0.82%	Unchanged
32	EMPERY DIGITAL INC COM NEW EMPD	EMPD	989,000	$3.5m0.81%	0.81%	Reduced -11.0k	-11,000 -1.1%
33	FORTUNEX ACQUISITION CORP UNIT 05/19/2031 FXACU	FXACU	350,000	$3.5m0.81%	0.81%	New
34	TWELVE SEAS INVT CO III ORD SHS CL A TWLV	TWLV	350,000	$3.5m0.81%	0.81%	Unchanged
35	FLAG SHIP ACQUISITION CORP ORD SHS FSHP	FSHP	296,443	$3.3m0.76%	0.76%	Reduced -5.9k	-5,904 -1.9%
36	FUTUREWAVE ACQUISITION CORP UNIT 06/04/2031 FWACU	FWACU	325,000	$3.3m0.75%	0.75%	New
37	COPLEY ACQUISITION CORP ORD SHS CL A COPL	COPL	300,000	$3.1m0.72%	0.72%	Unchanged
38	AI INFRASTRUCTURE ACQUISI ORD SHS CL A AIIA	AIIA	300,000	$3.1m0.71%	0.71%	Unchanged
39	NEWBRIDGE ACQUISITION LTD CL A ORD SHS NBRG	NBRG	300,000	$3.0m0.69%	0.69%	New
40	WESTPORT FUEL SYSTEMS INC COM WPRT	WPRT	1,325,121	$3.0m0.69%	0.69%	New
41	FUTURE MONEY ACQUISITION COR ORD SHS FMAC	FMAC	300,000	$3.0m0.69%	0.69%	New
42	VERNAL CAP ACQUISITION CORP ORD SHS VECA	VECA	300,000	$3.0m0.69%	0.69%	New
43	HENNESSY CAP INVTS CORP VIII ORD CL A HCIC	HCIC	300,000	$3.0m0.69%	0.69%	New
44	COMPASS PATHWAYS PLC SPONSORED ADS CMPS	CMPS	205,932	$2.9m0.67%	0.67%	Reduced -1.3m	-1,286,483 -86.2%
45	PATRIOT ACQUISITION CORP UNIT 05/11/2031 PTACU	PTACU	280,000	$2.8m0.65%	0.65%	New
46	PLUM ACQUISITION CORP IV SHS CL A PLMK	PLMK	249,569	$2.7m0.61%	0.61%	Reduced -431	-431 -0.2%
47	FUTURE VISION II ACQUISITION SHS FVN	FVN	240,103	$2.6m0.61%	0.61%	Reduced -84.9k	-84,897 -26.1%
48	THAYER VENTURES ACQ CORP II CL A TVAI	TVAI	250,000	$2.6m0.60%	0.60%	Unchanged
49	ORIGIN INVT CORP I ORD SHS ORIQ	ORIQ	249,900	$2.6m0.59%	0.59%	Unchanged
50	OXLEY BRIDGE ACQ LTD USD CL A ORD SHS OBA	OBA	250,000	$2.6m0.59%	0.59%	Unchanged
51	MESHFLOW ACQUISITION CORP USD CL A ORD SHS MESH	MESH	250,000	$2.5m0.58%	0.58%	Unchanged
52	APOGEE ACQUISITION CORP ORD SHS CL A 2659054D	2659054D	250,000	$2.5m0.57%	0.57%	New
53	AMPLITECH GROUP INC RIGHT 07/18/2026 RIGHT 07/18/2026		1,220,188	$2.5m0.57%	0.57%	Reduced -9.8k	-9,812 -0.8%
54	CABALETTA BIO INC COM CABA	CABA	755,626	$2.3m0.54%	0.54%	New
55	ENERGY TRANSITION SPL OPPORT ORD CL A ETSS	ETSS	228,119	$2.3m0.52%	0.52%	New
56	CHAMPIONSGATE ACQUISITION CO SHS CL A CHPG	CHPG	212,182	$2.2m0.51%	0.51%	Unchanged
57	AEON ACQUISITION I CORP UNIT 01/30/2031 AESPU	AESPU	215,000	$2.2m0.50%	0.50%	New
58	LAKE SUPERIOR ACQUISITION CO USD CL A ORD SHS LKSP	LKSP	210,000	$2.1m0.49%	0.49%	Unchanged
59	LAKESHORE ACQUISITION III CO USD ORD SHS LCCC	LCCC	198,882	$2.1m0.48%	0.48%	Reduced -1.1k	-1,118 -0.6%
60	SIZZLE ACQUISITION CORP. II USD CL A ORD SHS SZZL	SZZL	200,000	$2.1m0.48%	0.48%	Unchanged
61	SOULPOWER ACQUISITION CORP USD CL A ORD SHS SOUL	SOUL	200,000	$2.1m0.48%	0.48%	Unchanged
62	SILVER PEGASUS ACQUISITION C SHS CL A SPEG	SPEG	199,100	$2.0m0.47%	0.47%	Unchanged
63	SPRING VY ACQUISITION CORP I ORD SHS CL A SVIV	SVIV	199,749	$2.0m0.47%	0.47%	New
64	AA MISSION ACQUISITION CORP ORD SHS CL A YCY	YCY	200,000	$2.0m0.47%	0.47%	Unchanged
65	CROWN RESV ACQUISITION CORP ORD SHS CL A CRAC	CRAC	200,000	$2.0m0.47%	0.47%	Unchanged
66	KRAKACQUISITION CORPORATION CL A ORD SHS KRAQ	KRAQ	200,000	$2.0m0.46%	0.46%	New
67	DYNAMIX CORP III USD CL A ORD SHS DNMX	DNMX	200,000	$2.0m0.46%	0.46%	Unchanged
68	QUASAREDGE ACQUISITION CORP ORD SHS QRED	QRED	200,000	$2.0m0.46%	0.46%	New
69	APERTURE AC USD CL A ORD SHS APUR	APUR	200,000	$2.0m0.46%	0.46%	New
70	MOONLAKE IMMUNOTHERAPEUTICS CLASS A ORD MLTX	MLTX	100,000	$1.9m0.45%	0.45%	New
71	KEEL INFRASTRUCTURE CORP COM SHS KEEL	KEEL	326,216	$1.9m0.43%	0.43%	New
72	UY SCUTI ACQUISITION CORP. ORD SHS UYSC	UYSC	173,367	$1.9m0.43%	0.43%	Reduced -1.6k	-1,633 -0.9%
73	ARMADA ACQUISITION CORP II COM CL A COM CL A		176,886	$1.8m0.43%	0.43%	Reduced -14.4k	-14,381 -7.5%
74	IRIS ACQUISITION CORP II ORD SHS CL A IRAB	IRAB	185,000	$1.8m0.42%	0.42%	New
75	REPUBLIC DIGITAL ACQUISITION USD CL A ORD SHS RDAG	RDAG	178,000	$1.8m0.42%	0.42%	Unchanged
76	AMPLITECH GROUP INC RIGHT 11/20/2026 AMPGZ	AMPGZ	1,230,000	$1.8m0.41%	0.41%	Unchanged
77	ARC GROUP ACQUISITION I CORP CL A ORD SHS ARCL	ARCL	172,500	$1.7m0.39%	0.39%	New
78	CAYSON ACQUISITION CORP SHS CAPN	CAPN	149,531	$1.7m0.38%	0.38%	Reduced -469	-469 -0.3%
79	CALCIMEDICA INC COM NEW COM NEW		1,556,081	$1.6m0.37%	0.37%	New
80	QDRO ACQUISITION CORP ORD SHS CL A QADR	QADR	160,000	$1.6m0.37%	0.37%	New
81	VISHAY INTERTECHNOLOGY INC COM VSH	VSH	28,600	$1.5m0.36%	0.36%	New
82	QUANTUMSPHERE ACQUISITION CO ORD SHS QUMS	QUMS	150,000	$1.5m0.35%	0.35%	Unchanged
83	KENSINGTON CAP ACQUISITION UNIT 99/99/9999 KCA.U	KCA.U	150,000	$1.5m0.35%	0.35%	New
84	WESTIN ACQUISITION CORP ORD SHS CL A WSTN	WSTN	150,000	$1.5m0.35%	0.35%	Unchanged
85	ARES ACQUISITION CORP III UNIT 99/99/9999 AAC.U	AAC.U	150,000	$1.5m0.35%	0.35%	New
86	HALL CHADWICK ACQUISITION CO ORD SHS CL A HCAC	HCAC	149,990	$1.5m0.35%	0.35%	Unchanged
87	SC II ACQUISITION CORP ORD SHS CLASS A SCII	SCII	150,000	$1.5m0.35%	0.35%	Unchanged
88	INVEST GREEN ACQUISITION COR CL A ORD SHS IGAC	IGAC	150,000	$1.5m0.35%	0.35%	Unchanged
89	CARTESIAN GROWTH CORP IV UNIT 06/08/2031 CGCFU	CGCFU	150,000	$1.5m0.35%	0.35%	New
90	X3 ACQUISITION CORP LTD ORD SHS CL A XCBE	XCBE	150,000	$1.5m0.35%	0.35%	New
91	GALAXYEDGE ACQUISITION CORP ORD SHS GLED	GLED	150,000	$1.5m0.34%	0.34%	New
92	GIGCAPITAL8 CORP ORD CL A GIW	GIW	141,583	$1.4m0.33%	0.33%	Unchanged
93	NYXOAH S A SHS NYXH	NYXH	828,803	$1.4m0.32%	0.32%	Added +520.3k	+520,313 168.7%
94	GLOBA TERRA ACQUISITION COR CL A ORD SHS GTERA	GTERA	124,229	$1.3m0.30%	0.30%	Unchanged
95	TITAN ACQUISITION CORP CL A TACH	TACH	120,000	$1.2m0.29%	0.29%	Unchanged
96	ALDABRA 4 LQDTY OPP VEH INC CL A ORD SHS ALOV	ALOV	125,000	$1.2m0.29%	0.29%	New
97	WEST ENCLAVE MERGER CORP ORDINARY SHARES WENC	WENC	125,000	$1.2m0.29%	0.29%	New
98	CLEARTHINK 1 ACQUISITION COR ORD SHS CL A CTAA	CTAA	125,000	$1.2m0.29%	0.29%	New
99	OCEANHAWK ACQUISITION CORP CL A ORD SHS OHAC	OHAC	125,000	$1.2m0.29%	0.29%	New
100	MAYWOOD ACQUISITION CORP 2 ORD SHS CL A USD MYX	MYX	125,000	$1.2m0.29%	0.29%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SOLID POWER INC SLDP	SLDP	12,395,558	$37.2m12.4m shares
IONQ INC IONQ	IONQ	815,542	$23.5m815.5k shares
SEALSQ CORP LAES	LAES	3,136,465	$8.2m3.1m shares
FG MERGER II CORP		790,000	$8.0m790.0k shares
PONO CAP FOUR INC PONOU	PONOU	550,000	$5.5m550.0k shares
M3BRIGADE ACQUISITION V CORP VLOS	VLOS	500,000	$5.4m500.0k shares
BHAV ACQUISITION CORP BHAVU	BHAVU	495,000	$4.9m495.0k shares
XFLH CAP CORP XFLH.U	XFLH.U	475,000	$4.7m475.0k shares
CHURCHILL CAP CORP XI CCXI	CCXI	448,176	$4.6m448.2k shares
GP-ACT III ACQUISITION CORP GPAT	GPAT	388,719	$4.2m388.7k shares
CANDEL THERAPEUTICS INC CADL	CADL	775,000	$3.8m775.0k shares
ARMADA ACQUISITION CORP III AACIU	AACIU	365,000	$3.6m365.0k shares
NEWBRIDGE ACQUISITION LTD NBRGU	NBRGU	300,000	$3.0m300.0k shares
HENNESSY CAP INVTS CORP VIII HCICU	HCICU	300,000	$3.0m300.0k shares
FUTURE MONEY ACQUISITION COR FMACU	FMACU	300,000	$3.0m300.0k shares
BLEICHROEDER ACQUISITI CORP		279,547	$2.8m279.5k shares
SPRING VY ACQUISITION CORP I SVIVU	SVIVU	200,000	$2.0m200.0k shares
A PARADISE ACQUISITION CORP ENHA	ENHA	199,600	$2.0m199.6k shares
KRAKACQUISITION CORPORATION KRAQU	KRAQU	200,000	$2.0m200.0k shares
SCYNEXIS INC		2,086,960	$1.9m2.1m shares
IRIS ACQUISITION CORP II IRAB.U	IRAB.U	185,000	$1.8m185.0k shares
BEST SPAC I ACQUISITION CORP BSAA	BSAA	175,000	$1.8m175.0k shares
QDRO ACQUISITION CORP QADRU	QADRU	160,000	$1.6m160.0k shares
CARTESIAN GROWTH CORP III FAC	FAC	150,000	$1.5m150.0k shares
INFLECTION PT ACQUISIT CORP IPFXU	IPFXU	150,000	$1.5m150.0k shares