Vault-13

Nantahala Capital Management, LLC

NEW CANAAN, CT · CIK 1472322 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2011 · limited liability company

$3.3bn reported value +106.0% vs Q1 2026
132positions
27.5%in top 10
22 new 103 added 7 reduced 20 sold out vs Q1 2026

Options: 16 call positions ($1.0bn notional), 7 put positions ($1.7bn notional) – listed below, not included above.

Holdings, Q2 2026

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

#SecurityTickerShares Value% of portfolioChangeShares change
1 BANCORP INC DEL COM TBBK TBBK 2,479,774 $155.3m4.71% 4.71% AddedShares held: Q3 2025 852.3k, Q4 2025 1.1m, Q1 2026 1.4m, Q2 2026 2.5m +1.1m +1,099,318 79.6%
2 BIOVENTUS INC COM CL A BVS BVS 12,000,558 $113.3m3.43% 3.43% AddedShares held: Q3 2025 5.8m, Q4 2025 6.0m, Q1 2026 6.1m, Q2 2026 12.0m +5.9m +5,878,155 96.0%
3 HILTON GRAND VACATIONS INC COM HGV HGV 2,066,340 $108.2m3.28% 3.28% AddedShares held: Q3 2025 1.7m, Q4 2025 1.6m, Q1 2026 1.5m, Q2 2026 2.1m +552.7k +552,684 36.5%
4 SAVARA INC COM SVRA SVRA 13,953,620 $86.0m2.60% 2.60% AddedShares held: Q3 2025 8.8m, Q4 2025 7.3m, Q1 2026 7.3m, Q2 2026 14.0m +6.6m +6,608,837 90.0%
5 ETON PHARMACEUTICALS INC COM ETON ETON 2,351,902 $85.1m2.58% 2.58% AddedShares held: Q3 2025 1.2m, Q4 2025 1.2m, Q1 2026 1.2m, Q2 2026 2.4m +1.2m +1,175,951 100.0%
6 AMNEAL PHARMACEUTICALS INC COM STK CL A AMRX AMRX 4,537,502 $78.5m2.38% 2.38% AddedShares held: Q3 2025 4.2m, Q4 2025 2.4m, Q1 2026 2.8m, Q2 2026 4.5m +1.7m +1,693,394 59.5%
7 EVOLUS INC COM EOLS EOLS 11,204,042 $77.8m2.36% 2.36% AddedShares held: Q3 2025 5.7m, Q4 2025 5.8m, Q1 2026 6.4m, Q2 2026 11.2m +4.8m +4,827,185 75.7%
8 AVALO THERAPEUTICS INC COM NEW AVTX AVTX 3,724,500 $68.8m2.09% 2.09% AddedShares held: Q3 2025 1.2m, Q4 2025 1.2m, Q1 2026 1.2m, Q2 2026 3.7m +2.5m +2,489,500 201.6%
9 LB PHARMACEUTICALS INC COM SHS LBRX LBRX 2,105,788 $68.3m2.07% 2.07% AddedShares held: Q3 2025 675.0k, Q4 2025 675.0k, Q1 2026 1.1m, Q2 2026 2.1m +1.1m +1,052,894 100.0%
10 ANTERIS TECHNOLOGIES GLOBAL COM AVR AVR 6,766,670 $66.7m2.02% 2.02% AddedShares held: Q3 2025 1.9m, Q4 2025 2.5m, Q1 2026 5.5m, Q2 2026 6.8m +1.2m +1,235,760 22.3%
11 ABEONA THERAPEUTICS INC COM NEW ABEO ABEO 10,272,980 $63.5m1.92% 1.92% AddedShares held: Q3 2025 4.6m, Q4 2025 5.0m, Q1 2026 5.0m, Q2 2026 10.3m +5.3m +5,259,928 104.9%
12 PELOTON INTERACTIVE INC CL A COM PTON PTON 10,217,990 $60.4m1.83% 1.83% ReducedShares held: Q3 2025 3.7m, Q4 2025 5.9m, Q1 2026 12.0m, Q2 2026 10.2m -1.8m -1,782,010 -14.8%
13 ESTABLISHMENT LABS HLDGS INC COM ESTA ESTA 671,660 $57.6m1.75% 1.75% ReducedShares held: Q3 2025 2.0m, Q4 2025 987.7k, Q1 2026 833.0k, Q2 2026 671.7k -161.3k -161,296 -19.4%
14 XTANT MED HLDGS INC COM NEW XTNT XTNT 136,788,000 $57.6m1.74% 1.74% AddedShares held: Q3 2025 68.4m, Q4 2025 68.4m, Q1 2026 68.4m, Q2 2026 136.8m +68.4m +68,394,000 100.0%
15 JACK IN THE BOX INC COM JACK JACK 3,457,318 $54.7m1.66% 1.66% AddedShares held: Q3 2025 600.0k, Q4 2025 866.0k, Q1 2026 1.5m, Q2 2026 3.5m +1.9m +1,914,603 124.1%
16 GOGO INC COM GOGO GOGO 17,395,462 $53.9m1.63% 1.63% AddedShares held: Q3 2025 0, Q4 2025 6.8m, Q1 2026 8.9m, Q2 2026 17.4m +8.5m +8,513,426 95.8%
17 IMAX CORP COM IMAX IMAX 1,316,018 $52.5m1.59% 1.59% AddedShares held: Q3 2025 996.1k, Q4 2025 477.1k, Q1 2026 515.6k, Q2 2026 1.3m +800.5k +800,464 155.3%
18 ZEVRA THERAPEUTICS INC COM NEW ZVRA ZVRA 3,594,952 $51.6m1.56% 1.56% AddedShares held: Q3 2025 2.0m, Q4 2025 1.8m, Q1 2026 2.5m, Q2 2026 3.6m +1.1m +1,073,016 42.5%
19 TITAN MACHY INC COM TITN TITN 2,266,176 $47.9m1.45% 1.45% AddedShares held: Q3 2025 1.1m, Q4 2025 1.2m, Q1 2026 1.3m, Q2 2026 2.3m +1.0m +1,011,656 80.6%
20 RMR GROUP INC CL A RMR RMR 2,295,804 $47.1m1.43% 1.43% AddedShares held: Q3 2025 1.1m, Q4 2025 1.1m, Q1 2026 1.1m, Q2 2026 2.3m +1.1m +1,147,902 100.0%
21 FOSSIL GROUP INC COM FOSL FOSL 11,010,256 $45.6m1.38% 1.38% AddedShares held: Q3 2025 3.7m, Q4 2025 5.1m, Q1 2026 5.4m, Q2 2026 11.0m +5.6m +5,606,232 103.7%
22 FOX FACTORY HLDG CORP COM FOXF FOXF 2,621,390 $44.4m1.35% 1.35% AddedShares held: Q3 2025 728.6k, Q4 2025 2.2m, Q1 2026 1.5m, Q2 2026 2.6m +1.1m +1,133,090 76.1%
23 MINERALYS THERAPEUTICS INC COM MLYS MLYS 1,640,962 $44.3m1.34% 1.34% AddedShares held: Q3 2025 158.7k, Q4 2025 113.3k, Q1 2026 895.5k, Q2 2026 1.6m +745.5k +745,481 83.2%
24 RUMBLEON INC COM CL B RDNW RDNW 6,545,690 $43.6m1.32% 1.32% AddedShares held: Q3 2025 3.3m, Q4 2025 3.3m, Q1 2026 3.3m, Q2 2026 6.5m +3.3m +3,272,845 100.0%
25 UNIQURE NV SHS QURE QURE 911,320 $42.0m1.27% 1.27% AddedShares held: Q3 2025 1.0m, Q4 2025 699.3k, Q1 2026 237.1k, Q2 2026 911.3k +674.2k +674,242 284.4%
26 AURA BIOSCIENCES INC COM AURA AURA 5,902,060 $41.9m1.27% 1.27% AddedShares held: Q3 2025 2.1m, Q4 2025 2.1m, Q1 2026 2.1m, Q2 2026 5.9m +3.8m +3,784,363 178.7%
27 AGOMAB THERAPEUTICS NV SPONSORED ADS AGMB AGMB 3,136,376 $40.7m1.23% 1.23% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 1.2m, Q2 2026 3.1m +1.9m +1,936,376 161.4%
28 FULCRUM THERAPEUTICS INC COM FULC FULC 10,950,080 $40.1m1.21% 1.21% AddedShares held: Q3 2025 4.7m, Q4 2025 4.3m, Q1 2026 3.1m, Q2 2026 11.0m +7.9m +7,900,040 259.0%
29 BENITEC BIOPHARMA INC COM NEW BNTC BNTC 2,976,742 $39.8m1.21% 1.21% AddedShares held: Q3 2025 838.1k, Q4 2025 1.0m, Q1 2026 1.4m, Q2 2026 3.0m +1.5m +1,538,371 107.0%
30 ADMA BIOLOGICS INC COM ADMA ADMA 4,719,986 $39.5m1.20% 1.20% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 4.7m
31 CAMPING WORLD HLDGS INC CL A CWH CWH 5,102,110 $38.9m1.18% 1.18% AddedShares held: Q3 2025 0, Q4 2025 1.1m, Q1 2026 3.3m, Q2 2026 5.1m +1.8m +1,842,836 56.5%
32 BIOCRYST PHARMACEUTICALS INC COM BCRX BCRX 3,802,320 $38.0m1.15% 1.15% AddedShares held: Q3 2025 0, Q4 2025 1.4m, Q1 2026 2.0m, Q2 2026 3.8m +1.8m +1,814,923 91.3%
33 MIMEDX GROUP INC COM MDXG MDXG 9,535,104 $36.7m1.11% 1.11% AddedShares held: Q3 2025 1.5m, Q4 2025 2.4m, Q1 2026 3.4m, Q2 2026 9.5m +6.1m +6,137,805 180.7%
34 ABIVAX SA SPONSORED ADS ABVX ABVX 267,518 $35.6m1.08% 1.08% AddedShares held: Q3 2025 557.6k, Q4 2025 153.2k, Q1 2026 137.2k, Q2 2026 267.5k +130.3k +130,281 94.9%
35 USANA HEALTH SCIENCES INC COM USNA USNA 1,620,148 $34.6m1.05% 1.05% AddedShares held: Q3 2025 0, Q4 2025 585.1k, Q1 2026 810.1k, Q2 2026 1.6m +810.1k +810,074 100.0%
36 MONTE ROSA THERAPEUTICS INC COM GLUE GLUE 1,303,986 $31.6m0.96% 0.96% AddedShares held: Q3 2025 0, Q4 2025 58.0k, Q1 2026 652.0k, Q2 2026 1.3m +652.0k +651,993 100.0%
37 TANGO THERAPEUTICS INC COM TNGX TNGX 1,001,318 $31.3m0.95% 0.95% ReducedShares held: Q3 2025 1.8m, Q4 2025 3.6m, Q1 2026 1.3m, Q2 2026 1.0m -249.1k -249,134 -19.9%
38 GERON CORP COM GERN GERN 24,450,000 $31.3m0.95% 0.95% AddedShares held: Q3 2025 9.0m, Q4 2025 9.0m, Q1 2026 11.2m, Q2 2026 24.4m +13.2m +13,225,000 117.8%
39 VOR BIOPHARMA INC COM NEW VOR VOR 1,690,000 $31.1m0.94% 0.94% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 1.7m
40 KEROS THERAPEUTICS INC COM KROS KROS 2,820,838 $30.2m0.91% 0.91% AddedShares held: Q3 2025 1.2m, Q4 2025 360.4k, Q1 2026 1.4m, Q2 2026 2.8m +1.5m +1,460,419 107.3%
41 SILENCE THERAPEUTICS PLC ADS SLN SLN 2,693,462 $29.6m0.90% 0.90% AddedShares held: Q3 2025 1.0m, Q4 2025 1.5m, Q1 2026 2.1m, Q2 2026 2.7m +546.7k +546,731 25.5%
42 APYX MEDICAL CORPORATION COM APYX APYX 6,540,496 $29.4m0.89% 0.89% AddedShares held: Q3 2025 3.3m, Q4 2025 4.0m, Q1 2026 3.4m, Q2 2026 6.5m +3.1m +3,100,192 90.1%
43 JEFFERSON CAPITAL INC COM JCAP JCAP 1,500,000 $29.2m0.88% 0.88% AddedShares held: Q3 2025 600.0k, Q4 2025 600.0k, Q1 2026 750.0k, Q2 2026 1.5m +750.0k +750,000 100.0%
44 HERBALIFE LTD COM SHS HLF HLF 2,218,308 $29.2m0.88% 0.88% AddedShares held: Q3 2025 942.4k, Q4 2025 881.9k, Q1 2026 1.4m, Q2 2026 2.2m +864.7k +864,655 63.9%
45 PLANET FITNESS INC CL A PLNT PLNT 558,000 $29.1m0.88% 0.88% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 558.0k
46 VERASTEM INC COM NEW VSTM VSTM 7,169,640 $27.4m0.83% 0.83% AddedShares held: Q3 2025 1.3m, Q4 2025 462.1k, Q1 2026 3.6m, Q2 2026 7.2m +3.6m +3,584,820 100.0%
47 DISTRIBUTION SOLUTIONS GRP I COM DSGR DSGR 989,162 $27.1m0.82% 0.82% AddedShares held: Q3 2025 230.3k, Q4 2025 330.0k, Q1 2026 494.6k, Q2 2026 989.2k +494.6k +494,581 100.0%
48 RAYONIER ADVANCED MATLS INC COM RYAM RYAM 3,395,452 $26.7m0.81% 0.81% AddedShares held: Q3 2025 510.5k, Q4 2025 1.8m, Q1 2026 1.6m, Q2 2026 3.4m +1.8m +1,795,452 112.2%
49 HELIX ACQUISITION CORP III USD CL A ORD SHS HLXC HLXC 2,500,000 $26.6m0.81% 0.81% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 1.2m, Q2 2026 2.5m +1.2m +1,250,000 100.0%
50 ADC THERAPEUTICS SA SHS ADCT ADCT 24,652,368 $26.4m0.80% 0.80% AddedShares held: Q3 2025 2.3m, Q4 2025 5.5m, Q1 2026 5.6m, Q2 2026 24.7m +19.1m +19,054,935 340.4%
51 VAXCYTE INC COM PCVX PCVX 444,292 $25.8m0.78% 0.78% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 238.7k, Q2 2026 444.3k +205.5k +205,546 86.1%
52 OPUS GENETICS INC COM IRD IRD 6,122,718 $25.2m0.76% 0.76% AddedShares held: Q3 2025 3.3m, Q4 2025 4.8m, Q1 2026 1.7m, Q2 2026 6.1m +4.4m +4,441,388 264.2%
53 JANUX THERAPEUTICS INC COM JANX JANX 1,619,828 $24.9m0.75% 0.75% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 809.9k, Q2 2026 1.6m +809.9k +809,914 100.0%
54 AMANAT ACQUISITION CORP CL A ORD AMAN AMAN 2,400,000 $24.4m0.74% 0.74% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 2.4m
55 INSPIRE MED SYS INC COM INSP INSP 538,948 $24.0m0.73% 0.73% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 538.9k
56 1 800 FLOWERS COM INC CL A FLWS FLWS 6,750,130 $23.5m0.71% 0.71% AddedShares held: Q3 2025 3.4m, Q4 2025 3.4m, Q1 2026 3.4m, Q2 2026 6.8m +3.4m +3,375,065 100.0%
57 X4 PHARMACEUTICALS INC COM NEW XFOR XFOR 4,898,936 $22.9m0.69% 0.69% AddedShares held: Q3 2025 2.2m, Q4 2025 2.4m, Q1 2026 2.4m, Q2 2026 4.9m +2.4m +2,449,468 100.0%
58 INTEGER HLDGS CORP COM ITGR ITGR 222,604 $20.8m0.63% 0.63% AddedShares held: Q3 2025 0, Q4 2025 102.0k, Q1 2026 172.0k, Q2 2026 222.6k +50.6k +50,604 29.4%
59 INVENTIVA SA ADS IVA IVA 5,372,786 $20.3m0.62% 0.62% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 5.4m
60 INDUSTRIAL LOGISTICS PPTYS T COM SHS BEN INT ILPT ILPT 2,222,306 $19.7m0.60% 0.60% AddedShares held: Q3 2025 1.7m, Q4 2025 1.7m, Q1 2026 1.7m, Q2 2026 2.2m +543.3k +543,333 32.4%
61 DUOLINGO INC CL A COM DUOL DUOL 167,754 $19.3m0.58% 0.58% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 100.0k, Q2 2026 167.8k +67.8k +67,754 67.8%
62 RESERVOIR MEDIA INC COM RSVR RSVR 1,881,920 $18.6m0.56% 0.56% AddedShares held: Q3 2025 951.0k, Q4 2025 941.0k, Q1 2026 941.0k, Q2 2026 1.9m +941.0k +940,960 100.0%
63 FRACTYL HEALTH INC COM COM 22,578,192 $17.9m0.54% 0.54% AddedShares held: Q3 2025 12.1m, Q4 2025 10.8m, Q1 2026 13.4m, Q2 2026 22.6m +9.2m +9,213,673 68.9%
64 DHI GROUP INC COM DHX DHX 4,748,054 $17.6m0.53% 0.53% AddedShares held: Q3 2025 2.4m, Q4 2025 2.4m, Q1 2026 2.4m, Q2 2026 4.7m +2.4m +2,374,027 100.0%
65 AMYLYX PHARMACEUTICALS INC COM AMLX AMLX 973,368 $17.5m0.53% 0.53% AddedShares held: Q3 2025 935.7k, Q4 2025 835.7k, Q1 2026 535.7k, Q2 2026 973.4k +437.7k +437,684 81.7%
66 KORRO BIO INC COM KRRO KRRO 1,320,072 $17.4m0.53% 0.53% AddedShares held: Q3 2025 0, Q4 2025 600.0k, Q1 2026 660.0k, Q2 2026 1.3m +660.0k +660,036 100.0%
67 ALECTOR INC COM ALEC ALEC 8,636,218 $17.4m0.53% 0.53% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 2.8m, Q2 2026 8.6m +5.8m +5,820,235 206.7%
68 NOODLES & CO CL A NEW NDLS NDLS 1,107,492 $16.6m0.50% 0.50% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 553.7k, Q2 2026 1.1m +553.7k +553,746 100.0%
69 CODEXIS INC COM CDXS CDXS 7,247,226 $16.4m0.50% 0.50% AddedShares held: Q3 2025 4.0m, Q4 2025 4.0m, Q1 2026 4.1m, Q2 2026 7.2m +3.1m +3,123,613 75.8%
70 PERSPECTIVE THERAPEUTICS INC COM NEW CATX CATX 4,650,900 $15.9m0.48% 0.48% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 4.7m
71 IRENIC ACQUISITION CORP UNIT 04/10/2031 IACQU IACQU 1,500,000 $15.2m0.46% 0.46% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 1.5m
72 DAMORA THERAPEUTICS INC COM NEW COM NEW 556,000 $14.5m0.44% 0.44% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 278.0k, Q2 2026 556.0k +278.0k +278,000 100.0%
73 VIEMED HEALTHCARE INC COM VMD VMD 1,264,890 $14.4m0.44% 0.44% AddedShares held: Q3 2025 932.4k, Q4 2025 932.4k, Q1 2026 883.8k, Q2 2026 1.3m +381.1k +381,107 43.1%
74 UNICYCIVE THERAPEUTICS INC COM NEW UNCY UNCY 2,802,894 $13.1m0.40% 0.40% AddedShares held: Q3 2025 939.2k, Q4 2025 939.2k, Q1 2026 939.2k, Q2 2026 2.8m +1.9m +1,863,692 198.4%
75 TRAEGER INC COM NEW COOK COOK 165,662 $13.1m0.40% 0.40% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 102.4k, Q2 2026 165.7k +63.3k +63,254 61.8%
76 FORRESTER RESH INC COM FORR FORR 1,526,892 $12.8m0.39% 0.39% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 694.4k, Q2 2026 1.5m +832.5k +832,470 119.9%
77 LEXEO THERAPEUTICS INC COM LXEO LXEO 2,600,000 $12.1m0.37% 0.37% AddedShares held: Q3 2025 0, Q4 2025 1.0m, Q1 2026 1.2m, Q2 2026 2.6m +1.4m +1,400,000 116.7%
78 RH COM RH RH 73,372 $12.1m0.37% 0.37% AddedShares held: Q3 2025 0, Q4 2025 37.8k, Q1 2026 57.8k, Q2 2026 73.4k +15.6k +15,581 27.0%
79 ENVOY MEDICAL INC CL A COCH COCH 15,300,000 $11.9m0.36% 0.36% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 7.7m, Q2 2026 15.3m +7.7m +7,650,000 100.0%
80 ELOXX PHARMACEUTICALS INC COM NEW ELOX ELOX 800,000 $11.1m0.34% 0.34% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 800.0k
81 INHIBIKASE THERAPEUTICS INC COM NEW IKT IKT 5,403,726 $11.0m0.33% 0.33% AddedShares held: Q3 2025 2.2m, Q4 2025 3.9m, Q1 2026 2.7m, Q2 2026 5.4m +2.7m +2,701,863 100.0%
82 FIRST TRACKS BIOTHERAPEUTICS ORD SHS TRAX TRAX 500,000 $10.1m0.30% 0.30% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 500.0k
83 MARA HOLDINGS INC NOTE 3/0 · principal MARA 0 03.01.30 · principal MARA 0 03.01.30 10,000,000 $10.0m0.30% 0.30% AddedPrincipal held: Q3 2025 0, Q4 2025 5.0m, Q1 2026 5.0m, Q2 2026 10.0m +5.0m +5,000,000 100.0%
84 HAIN CELESTIAL GROUP INC COM HAIN HAIN 17,057,578 $9.6m0.29% 0.29% AddedShares held: Q3 2025 3.0m, Q4 2025 6.5m, Q1 2026 8.5m, Q2 2026 17.1m +8.5m +8,528,789 100.0%
85 ALTA EQUIPMENT GROUP INC COMMON STOCK ALTG ALTG 1,449,548 $9.4m0.28% 0.28% AddedShares held: Q3 2025 934.8k, Q4 2025 934.8k, Q1 2026 934.8k, Q2 2026 1.4m +514.8k +514,774 55.1%
86 ORTHOPEDIATRICS CORP COM KIDS KIDS 484,684 $9.3m0.28% 0.28% AddedShares held: Q3 2025 49.4k, Q4 2025 199.4k, Q1 2026 199.4k, Q2 2026 484.7k +285.2k +285,235 143.0%
87 ALTIMMUNE INC COM NEW ALT ALT 3,000,000 $9.1m0.28% 0.28% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 3.0m
88 TRISALUS LIFE SCIENCES INC COM TLSI TLSI 2,000,000 $9.1m0.28% 0.28% ReducedShares held: Q3 2025 2.0m, Q4 2025 2.1m, Q1 2026 2.1m, Q2 2026 2.0m -70.8k -70,827 -3.4%
89 SERVICE PPTYS TR COM SH BEN INT COM SH BEN INT 5,322,641 $9.0m0.27% 0.27% ReducedShares held: Q3 2025 7.1m, Q4 2025 7.1m, Q1 2026 7.1m, Q2 2026 5.3m -1.7m -1,735,246 -24.6%
90 TELA BIO INC COM TELA TELA 11,788,228 $8.8m0.27% 0.27% AddedShares held: Q3 2025 5.1m, Q4 2025 5.1m, Q1 2026 5.1m, Q2 2026 11.8m +6.6m +6,644,114 129.2%
91 THE ONE GROUP HOSPITALITY IN COM STKS STKS 4,242,168 $8.5m0.26% 0.26% AddedShares held: Q3 2025 2.1m, Q4 2025 2.1m, Q1 2026 2.1m, Q2 2026 4.2m +2.1m +2,121,084 100.0%
92 DARIOHEALTH CORP COM DRIO DRIO 1,221,382 $8.1m0.24% 0.24% AddedShares held: Q3 2025 563.2k, Q4 2025 563.2k, Q1 2026 610.7k, Q2 2026 1.2m +610.7k +610,692 100.0%
93 IMMUNIC INC COM NEW IMUX IMUX 501,292 $7.7m0.23% 0.23% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 501.3k
94 ZAI LAB LTD ADR ZLAB ZLAB 400,000 $7.6m0.23% 0.23% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 400.0k
95 TALPHERA INC COM NEW TLPH TLPH 6,985,038 $7.2m0.22% 0.22% AddedShares held: Q3 2025 3.5m, Q4 2025 3.5m, Q1 2026 3.5m, Q2 2026 7.0m +3.5m +3,492,519 100.0%
96 CHIME FINL INC COM SHS CL A CHYM CHYM 344,238 $7.0m0.21% 0.21% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 200.0k, Q2 2026 344.2k +144.2k +144,238 72.1%
97 VENU HLDG CORP COM VENU VENU 3,093,410 $6.9m0.21% 0.21% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 2.0m, Q2 2026 3.1m +1.0m +1,046,705 51.1%
98 PAYONEER GLOBAL INC COM PAYO PAYO 967,672 $6.9m0.21% 0.21% AddedShares held: Q3 2025 483.8k, Q4 2025 483.8k, Q1 2026 483.8k, Q2 2026 967.7k +483.8k +483,836 100.0%
99 ELUTIA INC CL A COM ELUT ELUT 6,369,894 $6.2m0.19% 0.19% AddedShares held: Q3 2025 3.2m, Q4 2025 3.2m, Q1 2026 3.2m, Q2 2026 6.4m +3.2m +3,184,947 100.0%
100 KAILERA THERAPEUTICS INC COMMON STOCK KLRA KLRA 280,000 $6.2m0.19% 0.19% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 280.0k

Sold out since Q1 2026

SecurityTickerShares held beforeValue then
SOLENO THERAPEUTICS INC SLNO SLNO 1,744,124 $58.4m1.7m shares
ASSERTIO HOLDINGS INC 692,335 $13.2m692.3k shares
CENTESSA PHARMACEUTICALS PLC 254,803 $10.1m254.8k shares
COGENT BIOSCIENCES INC COGT COGT 250,000 $9.6m250.0k shares
SOLID BIOSCIENCES INC SLDB SLDB 1,165,078 $8.4m1.2m shares
DIANTHUS THERAPEUTICS INC DNTH DNTH 67,282 $5.6m67.3k shares
KOSMOS ENERGY LTD KOS KOS 1,844,194 $5.1m1.8m shares
REVOLUTION MEDICINES INC RVMD RVMD 50,000 $4.9m50.0k shares
CAESARS ENTERTAINMENT INC NE CZR CZR 150,000 $4.0m150.0k shares
UPSTREAM BIO INC UPB UPB 400,000 $3.6m400.0k shares
NN INC NNBR NNBR 2,441,416 $3.5m2.4m shares
GRACE THERAPEUTICS INC GRCE GRCE 728,203 $3.4m728.2k shares
CG ONCOLOGY INC CGON CGON 49,449 $3.3m49.4k shares
XENCOR INC XNCR XNCR 264,639 $3.2m264.6k shares
IMMUNIC INC 2,506,491 $2.8m2.5m shares
ACHIEVE LIFE SCIENCES INC ACHV ACHV 648,885 $1.9m648.9k shares
DISC MEDICINE INC IRON IRON 25,653 $1.6m25.7k shares
PEPGEN INC PEPG PEPG 681,158 $1.2m681.2k shares
SENTI BIOSCIENCES INC 888,000 $721.1k888.0k shares
PERFECT CORP PERFF PERFF 16,075 $23816.1k shares

Options (notional value)

UnderlyingTickerTypeShares controlled NotionalChange
ISHARES TR IWM · Put IWMPut 4,000,000 $1.2bn4.0m shares Added
PELOTON INTERACTIVE INC PTON · Call PTONCall 32,877,800 $194.3m32.9m shares Added
HERBALIFE LTD HLF · Call HLFCall 13,200,000 $173.6m13.2m shares Added
VIATRIS INC VTRS · Call VTRSCall 10,000,000 $158.8m10.0m shares Added
EDWARDS LIFESCIENCES CORP EW · Put EWPut 1,600,000 $144.7m1.6m shares Added
SPDR SER TR XBI · Put XBIPut 800,000 $126.6m800.0k shares Added
HILTON GRAND VACATIONS INC HGV · Call HGVCall 2,150,000 $112.6m2.1m shares Added
ETF SER SOLUTIONS QTUM · Put QTUMPut 446,000 $73.8m446.0k shares New
UNIQURE NV QURE · Call QURECall 1,600,000 $73.7m1.6m shares Reduced
NEUROCRINE BIOSCIENCES INC NBIX · Call NBIXCall 400,000 $67.4m400.0k shares New
PRAXIS PRECISION MEDICINES I PRAX · Put PRAXPut 200,000 $67.0m200.0k shares New
KRYSTAL BIOTECH INC KRYS · Put KRYSPut 170,000 $63.2m170.0k shares New
REGENERON PHARMACEUTICALS REGN · Call REGNCall 80,000 $49.9m80.0k shares Added
SNAP INC SNAP · Call SNAPCall 9,600,000 $42.6m9.6m shares New
CAMPING WORLD HLDGS INC CWH · Call CWHCall 4,000,000 $30.5m4.0m shares Added
FOX FACTORY HLDG CORP FOXF · Call FOXFCall 1,600,000 $27.1m1.6m shares Added
CHIME FINL INC CHYM · Call CHYMCall 1,200,000 $24.6m1.2m shares Added
RUMBLEON INC RDNW · Call RDNWCall 3,400,000 $22.6m3.4m shares Added
RH RH · Call RHCall 100,000 $16.5m100.0k shares Added
BANCORP INC DEL TBBK · Call TBBKCall 251,600 $15.8m251.6k shares Added
UNIQURE NV QURE · Put QUREPut 323,000 $14.9m323.0k shares New
ABEONA THERAPEUTICS INC ABEO · Call ABEOCall 2,040,000 $12.6m2.0m shares Added
VAXCYTE INC PCVX · Call PCVXCall 70,400 $4.1m70.4k shares Added

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on. The largest 25 of 63.

CompanyTickerStakeChange ScheduleLast filed
XTANT MED HLDGS INC XTNT · 13D · filed 2025-08-05 XTNT 49.1%≈ $28.8m no change 13D 2025-08-05
EAGLE PHARMACEUTICALS INC EGRX · 13G · filed 2025-08-14 EGRX 38.1% no change 13G 2025-08-14
EVOKE PHARMA INC 13D · filed 2025-02-03 16.0% 13D 2025-02-03
AYTU BIOPHARMA INC AYTU · 13D · filed 2025-06-09 AYTU 14.4%≈ $2.3m 13D 2025-06-09
RESEARCH ALLIANCE CORP III RACC · 13G · filed 2026-10-07 RACC 14.1%≈ $11.8m new 13G 2026-10-07
TELA BIO INC TELA · 13G · filed 2026-08-14 TELA 12.9%≈ $4.3m no change 13G 2026-08-14
TALPHERA INC TLPH · 13D · filed 2025-04-03 TLPH 11.7%≈ $2.1m no change 13D 2025-04-03
ASSERTIO HOLDINGS INC 13G · filed 2026-04-07 10.7% +1.4 pts 13G 2026-04-07
UNICYCIVE THERAPEUTICS INC UNCY · 13G · filed 2026-08-14 UNCY 10.0%≈ $13.2m no change 13G 2026-08-14
KIORA PHARMACEUTICALS INC KPRX · 13G · filed 2026-08-14 KPRX 10.0%≈ $1.3m no change 13G 2026-08-14
AZITRA INC AZTR · 13G · filed 2026-08-14 AZTR 10.0%≈ $1.1m new 13G 2026-08-14
FOSSIL GROUP INC FOSL · 13G · filed 2026-05-15 FOSL 10.0%≈ $24.3m +0.5 pts 13G 2026-05-15
FRACTYL HEALTH INC 13G · filed 2026-05-15 10.0%≈ $12.8m no change 13G 2026-05-15
INSPIREMD INC NSPR · 13G · filed 2026-05-15 NSPR 10.0%≈ $3.4m no change 13G 2026-05-15
ENVOY MEDICAL INC COCH · 13G · filed 2026-05-15 COCH 10.0%≈ $6.1m new 13G 2026-05-15
ABEONA THERAPEUTICS INC ABEO · 13G · filed 2026-05-15 ABEO 10.0%≈ $35.7m no change 13G 2026-05-15
CURIS INC 13G · filed 2026-04-24 10.0%≈ $2.2m no change 13G 2026-04-24
APYX MEDICAL CORPORATION APYX · 13G · filed 2026-02-13 APYX 10.0%≈ $18.5m no change 13G 2026-02-13
DARIOHEALTH CORP DRIO · 13G · filed 2026-02-13 DRIO 10.0%≈ $4.5m no change 13G 2026-02-13
ELUTIA INC ELUT · 13G · filed 2026-02-13 ELUT 10.0%≈ $4.0m no change 13G 2026-02-13
UNICYCIVE THERAPEUTICS INC 13G · filed 2025-11-14 10.0% no change 13G 2025-11-14
DARIOHEALTH CORP DRIO · 13G · filed 2025-08-14 DRIO 10.0% no change 13G 2025-08-14
BIOMX INC 13G · filed 2025-05-15 10.0% no change 13G 2025-05-15
OPTINOSE INC 13G · filed 2024-11-14 10.0% new 13G 2024-11-14
ELOXX PHARMACEUTICALS INC ELOX · 13G · filed 2026-08-14 ELOX 9.9%≈ $5.6m new 13G 2026-08-14