Q1 2026 · 13F-HR
Nantahala Capital Management, LLCholdings as filed
Filed 2026-05-15 · accession 0001104659-26-062659
$2.72B
Reported value
152
Positions
2026-03-31
Period end
The Brief · Nantahala Capital Management, LLC · Q1 2026
AI · grounded in 13F
Nantahala Capital Management, LLC closed its position in EB4 for a reduction of $30.5M and exited RAPT for $25.5M. The fund added 62 new positions and significantly increased its holdings in MLYS by 690.5% and PCVX by 678.3%. Other notable activity includes trimming shares of EW by 55.6% and TEVA by 40%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287655 | IWM | ISHARES TR | $508.4M | 18.7% | 2,050,000 | PUT | SOLE |
| G4412G101 | HLF | HERBALIFE LTD | $82.4M | 3.03% | 5,600,000 | CALL | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $77.0M | 2.83% | 17,938,900 | CALL | SOLE |
| 05969A105 | TBBK | BANCORP INC DEL | $74.2M | 2.73% | 1,380,456 | Common | SOLE |
| 92556V106 | VTRS | VIATRIS INC | $67.5M | 2.49% | 5,000,000 | CALL | SOLE |
| 28176E108 | EW | EDWARDS LIFESCIENCES CORP | $64.1M | 2.36% | 800,000 | PUT | SOLE |
| 43283X105 | HGV | HILTON GRAND VACATIONS INC | $59.2M | 2.18% | 1,513,656 | Common | SOLE |
| 834203309 | SLNO | SOLENO THERAPEUTICS INC | $58.4M | 2.15% | 1,744,124 | Common | SOLE |
| 09075A108 | BVS | BIOVENTUS INC | $55.9M | 2.06% | 6,122,403 | Common | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $51.5M | 1.90% | 12,000,000 | Common | SOLE |
| G31249108 | ESTA | ESTABLISHMENT LABS HLDGS INC | $47.3M | 1.74% | 832,956 | Common | SOLE |
| 881624209 | TEVA | TEVA PHARMACEUTICAL INDS LTD | $45.2M | 1.66% | 1,500,000 | CALL | SOLE |
| N90064101 | QURE | UNIQURE NV | $42.5M | 1.56% | 2,600,000 | CALL | SOLE |
| 43283X105 | HGV | HILTON GRAND VACATIONS INC | $42.1M | 1.55% | 1,075,000 | CALL | SOLE |
| 805111101 | SVRA | SAVARA INC | $40.1M | 1.48% | 7,344,783 | Common | SOLE |
| 78464A870 | XBI | SPDR SERIES TRUST | $38.3M | 1.41% | 300,000 | PUT | SOLE |
| 98420P308 | XTNT | XTANT MED HLDGS INC | $38.2M | 1.40% | 68,394,000 | Common | SOLE |
| 38046C109 | GOGO | GOGO INC | $35.7M | 1.31% | 8,882,036 | Common | SOLE |
| 03168L105 | AMRX | AMNEAL PHARMACEUTICALS INC | $35.4M | 1.30% | 2,844,108 | Common | SOLE |
| 75886F107 | REGN | REGENERON PHARMACEUTICALS | $30.9M | 1.14% | 40,000 | CALL | SOLE |
| 03675P102 | AVR | ANTERIS TECHNOLOGIES GLOBAL | $30.7M | 1.13% | 5,530,910 | Common | SOLE |
| 29772L108 | ETON | ETON PHARMACEUTICALS INC | $29.0M | 1.07% | 1,175,951 | Common | SOLE |
| 30052C107 | EOLS | EVOLUS INC | $26.2M | 0.96% | 6,376,857 | Common | SOLE |
| 87583X109 | TNGX | TANGO THERAPEUTICS INC | $26.2M | 0.96% | 1,250,452 | Common | SOLE |
| 50180M108 | LBRX | LB PHARMACEUTICALS INC | $26.0M | 0.96% | 1,052,894 | Common | SOLE |
| 834203309 | SLNO | SOLENO THERAPEUTICS INC | $25.1M | 0.92% | 750,000 | CALL | SOLE |
| 35138V102 | FOXF | FOX FACTORY HLDG CORP | $24.5M | 0.90% | 1,488,300 | Common | SOLE |
| 603170101 | MLYS | MINERALYS THERAPEUTICS INC | $24.3M | 0.89% | 895,481 | Common | SOLE |
| 488445206 | ZVRA | ZEVRA THERAPEUTICS INC | $23.5M | 0.87% | 2,521,936 | Common | SOLE |
| 359616109 | FULC | FULCRUM THERAPEUTICS INC | $23.4M | 0.86% | 3,050,040 | Common | SOLE |
| 34988V106 | FOSL | FOSSIL GROUP INC | $23.3M | 0.86% | 5,404,024 | Common | SOLE |
| 781386305 | RDNW | RIDENOW GROUP INC | $23.1M | 0.85% | 3,272,845 | Common | SOLE |
| 00289Y206 | ABEO | ABEONA THERAPEUTICS INC | $22.5M | 0.83% | 5,013,052 | Common | SOLE |
| 13462K109 | CWH | CAMPING WORLD HLDGS INC | $22.3M | 0.82% | 3,259,274 | Common | SOLE |
| H0036K147 | ADCT | ADC THERAPEUTICS SA | $21.0M | 0.77% | 5,597,433 | Common | SOLE |
| 88830R101 | TITN | TITAN MACHY INC | $21.0M | 0.77% | 1,254,520 | Common | SOLE |
| G4412G101 | HLF | HERBALIFE LTD | $19.9M | 0.73% | 1,353,653 | Common | SOLE |
| 45245E109 | IMAX | IMAX CORP | $19.6M | 0.72% | 515,554 | Common | SOLE |
| 92337C203 | VSTM | VERASTEM INC | $19.0M | 0.70% | 3,584,820 | Common | SOLE |
| 09058V103 | BCRX | BIOCRYST PHARMACEUTICALS INC | $18.9M | 0.70% | 1,987,397 | Common | SOLE |
| 05338F306 | AVTX | AVALO THERAPEUTICS INC | $18.4M | 0.68% | 1,235,000 | Common | SOLE |
| 74967R106 | RMR | RMR GROUP INC | $17.8M | 0.65% | 1,147,902 | Common | SOLE |
| 75508B104 | RYAM | RAYONIER ADVANCED MATLS INC | $17.7M | 0.65% | 1,600,000 | Common | SOLE |
| 016255101 | ALGN | ALIGN TECHNOLOGY INC | $17.1M | 0.63% | 100,000 | CALL | SOLE |
| 374163103 | GERN | GERON CORP | $16.7M | 0.62% | 11,225,000 | Common | SOLE |
| 08205P209 | BNTC | BENITEC BIOPHARMA INC | $15.3M | 0.56% | 1,438,371 | Common | SOLE |
| 00370M103 | ABVX | ABIVAX SA | $15.3M | 0.56% | 137,237 | Common | SOLE |
| 45826H109 | ITGR | INTEGER HLDGS CORP | $15.1M | 0.56% | 172,000 | Common | SOLE |
| 492327101 | KROS | KEROS THERAPEUTICS INC | $15.0M | 0.55% | 1,360,419 | Common | SOLE |
| 466367109 | JACK | JACK IN THE BOX INC | $14.9M | 0.55% | 1,542,715 | Common | SOLE |
| 47248R103 | JCAP | JEFFERSON CAPITAL INC | $14.4M | 0.53% | 750,000 | Common | SOLE |
| 05153U107 | AURA | AURA BIOSCIENCES INC | $14.2M | 0.52% | 2,117,697 | Common | SOLE |
| 90328M107 | USNA | USANA HEALTH SCIENCES INC | $14.2M | 0.52% | 810,074 | Common | SOLE |
| 92243G108 | PCVX | VAXCYTE INC | $13.9M | 0.51% | 238,746 | Common | SOLE |
| 13462K109 | CWH | CAMPING WORLD HLDGS INC | $13.7M | 0.50% | 2,000,000 | CALL | SOLE |
| 602496101 | MDXG | MIMEDX GROUP INC | $13.4M | 0.49% | 3,397,299 | Common | SOLE |
| 04546C304 | ASRT | ASSERTIO HOLDINGS INC | $13.2M | 0.49% | 692,335 | Common | SOLE |
| 35138V102 | FOXF | FOX FACTORY HLDG CORP | $13.2M | 0.48% | 800,000 | CALL | SOLE |
| 520776105 | DSGR | DISTRIBUTION SOLUTIONS GRP I | $13.0M | 0.48% | 494,581 | Common | SOLE |
| 00860C102 | AGMB | AGOMAB THERAPEUTICS NV | $12.9M | 0.47% | 1,200,000 | Common | SOLE |
| G4444S107 | HLXC | HELIX ACQUISITION CORP III | $12.7M | 0.47% | 1,250,000 | Common | SOLE |
| 03837C106 | APYX | APYX MEDICAL CORPORATION | $12.7M | 0.47% | 3,440,304 | Common | SOLE |
| 781386305 | RDNW | RIDENOW GROUP INC | $12.0M | 0.44% | 1,700,000 | CALL | SOLE |
| 82686Q101 | SLN | SILENCE THERAPEUTICS PLC | $11.3M | 0.42% | 2,146,731 | Common | SOLE |
| 47103J105 | JANX | JANUX THERAPEUTICS INC | $11.3M | 0.41% | 809,914 | Common | SOLE |
| 16935C109 | CHYM | CHIME FINL INC | $11.2M | 0.41% | 600,000 | CALL | SOLE |
| 61225M102 | GLUE | MONTE ROSA THERAPEUTICS INC | $10.7M | 0.39% | 651,993 | Common | SOLE |
| 68243Q106 | FLWS | 1 800 FLOWERS COM INC | $10.3M | 0.38% | 3,375,065 | Common | SOLE |
| 152309100 | CNTA | CENTESSA PHARMACEUTICALS PLC | $10.1M | 0.37% | 254,803 | Common | SOLE |
| 98420X202 | XFOR | X4 PHARMACEUTICALS INC | $10.1M | 0.37% | 2,449,468 | Common | SOLE |
| 26603R106 | DUOL | DUOLINGO INC | $9.9M | 0.36% | 100,000 | Common | SOLE |
| 19240Q201 | COGT | COGENT BIOSCIENCES INC | $9.6M | 0.35% | 250,000 | Common | SOLE |
| 81761L102 | SVC | SERVICE PPTYS TR | $9.6M | 0.35% | 7,057,887 | Common | SOLE |
| 456237106 | ILPT | INDUSTRIAL LOGISTICS PPTYS T | $9.5M | 0.35% | 1,678,973 | Common | SOLE |
| 76119X105 | RSVR | RESERVOIR MEDIA INC | $9.2M | 0.34% | 940,960 | Common | SOLE |
| 83422E204 | SLDB | SOLID BIOSCIENCES INC | $8.4M | 0.31% | 1,165,078 | Common | SOLE |
| 89680M101 | TLSI | TRISALUS LIFE SCIENCES INC | $8.3M | 0.30% | 2,070,827 | Common | SOLE |
| 03062T105 | CRMT | AMERICAS CAR-MART INC | $8.2M | 0.30% | 644,686 | Common | SOLE |
| 92663R105 | VMD | VIEMED HEALTHCARE INC | $8.1M | 0.30% | 883,783 | Common | SOLE |
| 74967X103 | RH | RH | $8.1M | 0.30% | 57,791 | Common | SOLE |
| 67577R102 | IRD | OPUS GENETICS INC | $7.7M | 0.28% | 1,681,330 | Common | SOLE |
| 500946108 | KRRO | KORRO BIO INC | $7.5M | 0.28% | 660,036 | Common | SOLE |
| 03237H101 | AMLX | AMYLYX PHARMACEUTICALS INC | $7.4M | 0.27% | 535,684 | Common | SOLE |
| 36322Q206 | DMRA | DAMORA THERAPEUTICS INC | $7.2M | 0.27% | 278,000 | Common | SOLE |
| 74967X103 | RH | RH | $7.0M | 0.26% | 50,000 | CALL | SOLE |
| 52886X107 | LXEO | LEXEO THERAPEUTICS INC | $6.9M | 0.25% | 1,200,000 | Common | SOLE |
| 92333E104 | VENU | VENU HLDG CORP | $6.8M | 0.25% | 2,046,705 | Common | SOLE |
| 05969A105 | TBBK | BANCORP INC DEL | $6.8M | 0.25% | 125,800 | CALL | SOLE |
| 192005106 | CDXS | CODEXIS INC | $6.7M | 0.25% | 4,123,613 | Common | SOLE |
| 23331S100 | DHX | DHI GROUP INC | $6.7M | 0.25% | 2,374,027 | Common | SOLE |
| 90466Y202 | UNCY | UNICYCIVE THERAPEUTICS INC | $6.2M | 0.23% | 939,202 | Common | SOLE |
| 35168W103 | GUTS | FRACTYL HEALTH INC | $6.1M | 0.23% | 13,364,519 | Common | SOLE |
| 014442107 | ALEC | ALECTOR INC | $6.1M | 0.22% | 2,815,983 | Common | SOLE |
| 405217100 | HAIN | HAIN CELESTIAL GROUP INC | $6.0M | 0.22% | 8,528,789 | Common | SOLE |
| 252828108 | DNTH | DIANTHUS THERAPEUTICS INC | $5.6M | 0.21% | 67,282 | Common | SOLE |
| 45779A846 | NSPR | INSPIREMD INC | $5.5M | 0.20% | 3,376,484 | Common | SOLE |
| 500688106 | KOS | KOSMOS ENERGY LTD | $5.1M | 0.19% | 1,844,194 | Common | SOLE |
| 29415V109 | COCH | ENVOY MEDICAL INC | $5.1M | 0.19% | 7,650,000 | Common | SOLE |
| 02128L106 | ALTG | ALTA EQUIPMENT GROUP INC | $5.0M | 0.18% | 934,774 | Common | SOLE |
| 23725P308 | DRIO | DARIOHEALTH CORP | $4.9M | 0.18% | 610,690 | Common | SOLE |
| 76155X100 | RVMD | REVOLUTION MEDICINES INC | $4.9M | 0.18% | 50,000 | Common | SOLE |
| 65540B303 | NDLS | NOODLES & CO | $4.7M | 0.17% | 553,746 | Common | SOLE |
| 00289Y206 | ABEO | ABEONA THERAPEUTICS INC | $4.6M | 0.17% | 1,020,000 | CALL | SOLE |
| 45719W205 | IKT | INHIBIKASE THERAPEUTICS INC | $4.5M | 0.17% | 2,701,863 | Common | SOLE |
| 565788AF3 | MARA 0 03/01/30 | MARA HOLDINGS INC | $4.4M | 0.16% | 5,000,000 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $4.0M | 0.15% | 150,000 | Common | SOLE |
| 346563109 | FORR | FORRESTER RESH INC | $3.9M | 0.14% | 694,422 | Common | SOLE |
| N90064101 | QURE | UNIQURE NV | $3.9M | 0.14% | 237,078 | Common | SOLE |
| 88338K103 | STKS | THE ONE GROUP HOSPITALITY IN | $3.8M | 0.14% | 2,121,084 | Common | SOLE |
| 16935C109 | CHYM | CHIME FINL INC | $3.7M | 0.14% | 200,000 | Common | SOLE |
| 91678A107 | UPB | UPSTREAM BIO INC | $3.6M | 0.13% | 400,000 | Common | SOLE |
| 629337106 | NNBR | NN INC | $3.5M | 0.13% | 2,441,416 | Common | SOLE |
| 00439U104 | GRCE | GRACE THERAPEUTICS INC | $3.4M | 0.12% | 728,203 | Common | SOLE |
| 156944100 | CGON | CG ONCOLOGY INC | $3.3M | 0.12% | 49,449 | Common | SOLE |
| 05479K106 | ELUT | ELUTIA INC | $3.3M | 0.12% | 3,184,947 | Common | SOLE |
| 98401F105 | XNCR | XENCOR INC | $3.2M | 0.12% | 264,639 | Common | SOLE |
| 872381108 | TELA | TELA BIO INC | $3.2M | 0.12% | 5,144,114 | Common | SOLE |
| 04335A105 | ARVN | ARVINAS INC | $3.2M | 0.12% | 300,000 | Common | SOLE |
| 68752L100 | KIDS | ORTHOPEDIATRICS CORP | $3.2M | 0.12% | 199,449 | Common | SOLE |
| 89269P202 | COOK | TRAEGER INC | $3.0M | 0.11% | 102,408 | Common | SOLE |
| 054754858 | AYTU | AYTU BIOPHARMA INC | $3.0M | 0.11% | 1,086,812 | Common | SOLE |
| G7T96K107 | SRL | SCULLY ROYALTY LTD | $2.9M | 0.11% | 368,182 | Common | SOLE |
| 4525EP101 | VTLUSD | IMMUNIC INC | $2.8M | 0.10% | 2,506,491 | Common | SOLE |
| 00972D105 | AKBA | AKEBIA THREAPEUTICS INC | $2.8M | 0.10% | 2,000,000 | Common | SOLE |
| 75120L209 | RLYB | RALLYBIO CORP | $2.7M | 0.10% | 300,635 | Common | SOLE |
| 254604101 | IRON | DISC MEDICINE INC | $2.6M | 0.10% | 41,000 | PUT | SOLE |
| 00444T209 | TLPH | TALPHERA INC | $2.6M | 0.10% | 3,492,519 | Common | SOLE |
| 36269P104 | GAIA | GAIA INC NEW | $2.5M | 0.09% | 914,618 | Common | SOLE |
| 70451X104 | PAYO | PAYONEER GLOBAL INC | $2.3M | 0.09% | 483,836 | Common | SOLE |
| 28238P109 | EHTH | EHEALTH INC | $2.3M | 0.08% | 1,761,441 | Common | SOLE |
| 755408101 | RDI | READING INTL INC | $2.2M | 0.08% | 1,921,088 | Common | SOLE |
| 25065K104 | DXLG | DESTINATION XL GROUP INC | $2.1M | 0.08% | 4,141,740 | Common | SOLE |
| 92243G108 | PCVX | VAXCYTE INC | $2.0M | 0.08% | 35,200 | CALL | SOLE |
| 05601U105 | BRCC | BRC INC | $2.0M | 0.08% | 2,630,517 | Common | SOLE |
| 29384C108 | TRDA | ENTRADA THERAPEUTICS INC | $2.0M | 0.07% | 159,332 | Common | SOLE |
| 004468500 | ACHV | ACHIEVE LIFE SCIENCE INC | $1.9M | 0.07% | 648,885 | Common | SOLE |
| 254604101 | IRON | DISC MEDICINE INC | $1.6M | 0.06% | 25,653 | Common | SOLE |
| 740294400 | POCI | PRECISION OPTICS CORP INC MA | $1.2M | 0.05% | 280,000 | Common | SOLE |
| 713317105 | PEPG | PEPGEN INC | $1.2M | 0.04% | 681,158 | Common | SOLE |
| 92941V308 | VYNE | VYNE THERAPEUTICS INC | $1.2M | 0.04% | 2,000,000 | Common | SOLE |
| 231269309 | CRIS | CURIS INC | $1.1M | 0.04% | 2,000,000 | Common | SOLE |
| G7006A109 | PERF | PERFECT CORP | $986,833 | 0.04% | 583,925 | Common | SOLE |
| L0175J112 | ASPSW | ALTISOURCE PORTFOLIO SOLUTIO | $941,379 | 0.03% | 2,477,312 | Common | SOLE |
| 004816104 | ACU | ACME UTD CORP | $917,377 | 0.03% | 20,427 | Common | SOLE |
| 81726A209 | — | SENTI BIOSCIENCES INC | $721,056 | 0.03% | 888,000 | Common | SOLE |
| L0175J120 | ASPSZ | ALTISOURCE PORTFOLIO SOLUTIO | $495,462 | 0.02% | 2,477,312 | Common | SOLE |
| 872381108 | TELA | TELA BIO INC | $465,000 | 0.02% | 750,000 | CALL | SOLE |
| 09090D509 | PHGE | BIOMX INC | $430,940 | 0.02% | 114,795 | Common | SOLE |
| 784933103 | SGRP | SPAR GROUP INC | $413,260 | 0.02% | 660,688 | Common | SOLE |
| 03836J201 | APRE | APREA THERAPEUTICS INC | $156,974 | 0.01% | 205,760 | Common | SOLE |
| G4236L120 | GFAIW | GUARDFORCE AI CO LTD | $9,252 | 0.00% | 154,205 | Common | SOLE |
| G7006A117 | PERFF | PERFECT CORP | $238 | 0.00% | 16,075 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.