SANUWAVE HEALTH INC SNWV
COM · Common Stock · CUSIP 80303D305
- SectorHealth care
- IndustrySurgical & Medical Instruments & Apparatus
- HeadquartersEden Prairie, MN
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.5k this quarter). Holder counts are more reliable. Shares outstanding: 8.6m as of 2026-08-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $10.08.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2024 | 1 |
| Q1 2025 | 20 |
| Q2 2025 | 47 |
| Q3 2025 | 59 |
| Q4 2025 | 59 |
| Q1 2026 | 63 |
| Q2 2026 | 50 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2025 | 19 | 0 |
| Q2 2025 | 36 | 13 |
| Q3 2025 | 32 | 15 |
| Q4 2025 | 31 | 28 |
| Q1 2026 | 32 | 24 |
| Q2 2026 | 26 | 39 |
Biggest buyers
| Solas Capital Management, LLC | Added | +323.5k |
| UBS Group AG | Added | +46.5k |
| Praetorian PR LLC | Added | +45.0k |
| MARSHALL WACE, LLP | New | +42.1k |
| CITADEL ADVISORS LLC | Added | +41.4k |
| Luxor Capital Group, LP | New | +37.2k |
| JPMORGAN CHASE & CO | Added | +36.6k |
| MORGAN STANLEY | Added | +25.8k |
| JANE STREET GROUP, LLC | New | +23.8k |
| AQR CAPITAL MANAGEMENT LLC | New | +22.9k |
Biggest sellers
| Opaleye Management Inc. | Reduced | -675.1k |
| BlackRock, Inc. | Reduced | -321.7k |
| STIFEL FINANCIAL CORP | Sold out | -251.6k |
| STATE STREET CORP | Reduced | -107.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -85.7k |
| NORTHERN TRUST CORP | Reduced | -46.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Sold out | -44.3k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -29.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Sold out | -21.9k |
| Bank of New York Mellon Corp | Sold out | -15.8k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
MANCHESTER MANAGEMENT CO LLC
13D · may seek influence
-0.3 pts · filed 2025-12-15
Stated purposeThere are no material changes to Item 4 of the Schedule 13D amendment, submitted on October 22, 2024. The Reporting Persons have acquired their Shares of the Issuer for investment. The Reporting Persons have no plans or proposals as of the date of this filing which, other than as expressly set forth below, would relate to or would result in: (a) any extraordinary corporate transaction involving the Issuer; (b) any change in the present Board of Directors or management of the Issuer; (c) any material change in the present capitalization or dividend policy of the Issuer; (d) any material change in the operating policies or corporate structure of the Issuer; (e) any change in the Issuer's charter or by-laws; (f) the Shares of the Issuer ceasing to be listed from a national securities exchang… Full filing |
10.8% |
| Solas Capital Management, LLC 13G · institution +3.6 pts · filed 2026-08-14 | 7.1% |
| AWM Investment Company, Inc. 13G · institution -1.1 pts · filed 2025-05-09 | 6.0% |
Fell to 5% or below in the last year: Opaleye Management Inc. (3.6%, 2026-07-31), BlackRock, Inc. (1.5%, 2026-07-30), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 2 | $166.6k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-05-01 | Opaleye Management Inc. 10% owner · By Opaleye, L.P. | Sold | $162.4k10.1k shares |
| 2026-05-01 | Opaleye Management Inc. 10% owner · By Managed account | Sold | $8.1k500 shares |
| 2026-04-30 | Opaleye Management Inc. 10% owner · By Opaleye, L.P. | Sold | $387.6k24.0k shares |
| 2026-04-30 | Opaleye Management Inc. 10% owner · By Managed account | Sold | $16.1k1.0k shares |
| 2026-04-29 | Opaleye Management Inc. 10% owner · By Opaleye, L.P. | Sold | $403.0k23.4k shares |
| 2026-04-29 | Opaleye Management Inc. 10% owner · By Managed account | Sold | $17.2k1.0k shares |
| 2026-04-28 | Opaleye Management Inc. 10% owner · By Opaleye, L.P. | Sold | $808.8k43.8k shares |
| 2026-04-28 | Opaleye Management Inc. 10% owner · By Managed account | Sold | $46.2k2.5k shares |
| 2026-04-21 | Opaleye Management Inc. 10% owner · By Opaleye, L.P. | Sold | $4.1k202 shares |
| 2026-04-17 | Opaleye Management Inc. 10% owner · By Opaleye, L.P. | Sold | $230.5k11.3k shares |
| 2026-04-17 | Opaleye Management Inc. 10% owner · By Managed account | Sold | $102.3k5.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Solas Capital Management, LLC 3.27% of their portfolio | 611.0k $6.1m | Added +323.5k |
| AWM Investment Company, Inc. 0.39% of their portfolio | 454.6k $4.5m | Unchanged |
| Praetorian PR LLC 1.26% of their portfolio | 395.0k $4.0m | Added +45.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 352.8k $3.5m | Added +3.9k |
| Opaleye Management Inc. 0.28% of their portfolio | 306.1k $3.1m | Reduced -675.1k |
| UBS Group AG 0.00% of their portfolio | 256.8k $2.6m | Added +46.5k |
| BlackRock, Inc. 0.00% of their portfolio | 159.9k $1.6m | Reduced -321.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 86.1k $861.4k | Reduced -85.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 59.5k $594.7k | Added +41.4k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 43.1k $431.0k | Reduced -6.2k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 42.1k $421.2k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 40.4k $404.3k | Added +1.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 39.7k $391.0k | Added +36.6k |
| Stonebridge Wealth Management, LLC 0.34% of their portfolio | 38.4k $384.3k | Added +1.2k |
| Luxor Capital Group, LP 0.04% of their portfolio | 37.2k $372.0k | New |
| STATE STREET CORP 0.00% of their portfolio | 32.3k $322.8k | Reduced -107.8k |
| MORGAN STANLEY 0.00% of their portfolio | 31.6k $316.2k | Added +25.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 23.8k $238.5k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 22.9k $229.1k | New |
| XTX Topco Ltd 0.00% of their portfolio | 21.8k $218.3k | Added +7.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 18.6k $185.6k | Reduced -6.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 18.2k $182.4k | New |
| Jain Global LLC 0.00% of their portfolio | 17.4k $173.5k | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 16.9k $169.2k | Reduced -7.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 16.5k $164.5k | Reduced -46.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 16.3k $163.4k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 13.3k $133.0k | Added +11.7k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 11.5k $115.0k | Reduced -29.3k |
| FMR LLC 0.00% of their portfolio | 4.5k $44.5k | Added +3.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 3.5k $34.8k | Reduced -4.9k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 3.2k $32.4k | Unchanged |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 3.2k $32.0k | Unchanged |
| KIRTLAND HILLS CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 3.1k $308.6k | Added +325 |
| Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio | 1.3k $13.3k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 911 $9.1k | Reduced -374 |
| Arax Advisory Partners 0.00% of their portfolio | 646 $6.5k | New |
| AdvisorNet Financial, Inc 0.00% of their portfolio | 567 $5.7k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 380 $3.8k | Reduced -1.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 149 $1.0k | Reduced -138 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 133 $1.1k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 66 $660 | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 49 $490 | Reduced -532 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 40 $400 | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 26 $260 | Unchanged |
| Essential Partners LLC 0.00% of their portfolio | 13 $130 | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 12 $120 | Unchanged |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 11 $110 | Added +4 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 2 $20 | New |
| IFP Advisors, Inc 0.00% of their portfolio | 1 $10 | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 1 $10 | Reduced -2 |