Nantahala Capital Management, LLC
CIK 1472322 · Holdings on Dec 31, 2025 · First reported Feb 13, 2026
Top ten holdings
Q4 2025- TBBK4.31%
- ESTA4.29%
- HGV4.17%
- SLNO3.63%
- XTNT3.20%
- FULC2.89%
- BVS2.68%
- SVRA2.64%
- EOLS2.31%
- FOXF2.23%
Share classes counted separately32.35%
Portfolio value by quarter
What changed this quarter?
Within preview · weight change- ABVXWeight decreased · -1.69 pp2.92% → 1.23%Shares -404.33K (-72.52%)
- FOXFWeight increased · +1.14 pp1.09% → 2.23%Shares +1.46M (+200.32%)
- TNGXWeight increased · +0.95 pp0.94% → 1.89%Shares +1.76M (+97.39%)
Weight = security value ÷ total reported holdings value. Changes are in percentage points; price moves also affect weights, so they are not trade sizes.
Top 10 holdings 25
USD · B = billion · M = million; expand a row for exact values| # | Security | Value | Weight | Quantity | Weight / quantity change | Activity | |
|---|---|---|---|---|---|---|---|
| 01 | TBBKBANCORP INC/THE View history and evidence | $72.36M | 4.31% | 1.07M shares | 3.94% → 4.31%+0.37 pp +219.35K (+25.74%) | Added | ↗▾ |
| 02 | ESTAESTABLISHMENT LABS HOLDINGS View history and evidence | $71.98M | 4.29% | 987.69K shares | 5.00% → 4.29%-0.71 pp -985.80K (-49.95%) | Reduced | ↗▾ |
| 03 | HGVHILTON GRAND VACATIONS INC View history and evidence | $69.88M | 4.17% | 1.56M shares | 4.31% → 4.17%-0.14 pp -106.13K (-6.36%) | Reduced | ↗▾ |
| 04 | SLNOSOLENO THERAPEUTICS INC View history and evidence | $60.84M | 3.63% | 1.31M shares | 3.61% → 3.63%+0.02 pp +450.24K (+52.13%) | Added | ↗▾ |
| 05 | XTNTXTANT MEDICAL HOLDINGS INCCOM NEW View history and evidence | $53.62M | 3.20% | 68.39M shares | 2.74% → 3.20%+0.46 pp 0 (0.00%) | Unchanged | ↗▾ |
| 06 | FULCFULCRUM THERAPEUTICS INC View history and evidence | $48.56M | 2.89% | 4.29M shares | 2.65% → 2.89%+0.24 pp -377.44K (-8.08%) | Reduced | ↗▾ |
| 07 | BVSBIOVENTUS INC - ACOM CL A View history and evidence | $44.99M | 2.68% | 6.05M shares | 2.40% → 2.68%+0.28 pp +236.74K (+4.07%) | Added | ↗▾ |
| 08 | SVRASAVARA INC View history and evidence | $44.29M | 2.64% | 7.34M shares | 1.93% → 2.64%+0.71 pp -1.43M (-16.30%) | Reduced | ↗▾ |
| 09 | EOLSEVOLUS INC View history and evidence | $38.71M | 2.31% | 5.82M shares | 2.17% → 2.31%+0.14 pp +93.79K (+1.64%) | Added | ↗▾ |
| 10 | FOXFFOX FACTORY HOLDING CORP View history and evidence | $37.44M | 2.23% | 2.19M shares | 1.09% → 2.23%+1.14 pp +1.46M (+200.32%) | Added | ↗▾ |
Options overlay 20
$1.35B notionalPut and Call positions are separate. Notional is based on underlying securities, not option premium, market value or net exposure. Quantities are underlying shares.
| Security | Put / Call | Underlying shares | Notional | Quantity change | |
|---|---|---|---|---|---|
IWMISHARES RUSSELL 2000 ETFRUSSELL 2000 ETF View history and evidence | Put | 2.70M | $664.63M | +50.00K (+1.89%) | ▾ |
EWEDWARDS LIFESCIENCES CORP View history and evidence | Put | 1.80M | $153.45M | 0 (0.00%) | ▾ |
HLFHERBALIFE LTDCOM SHS View history and evidence | Call | 7.80M | $100.54M | +1.00M (+14.71%) | ▾ |
3 / 20 options · preview only
Exited positions 21
| Security | Type | Shares out | Value out | Previous filing | This filing |
|---|---|---|---|---|---|
| KRYS KRYSTAL BIOTECH INC | Put | -200,000 | -$35.31M | SEC filing ↗ | SEC filing ↗ |
| PVLA PALVELLA THERAPEUTICS INC | Non-derivative | -250,062 | -$15.68M | SEC filing ↗ | SEC filing ↗ |
| HOOD ROBINHOOD MARKETS INC - A | Put | -100,000 | -$14.32M | SEC filing ↗ | SEC filing ↗ |
3 / 21 preview exits. Up to 30 exit records are previewed. Exit means absent from the current filing; execution date, price and proceeds are unknown.
Every number has a source.
CIK 1472322 · Period 2025-12-31
Data loaded 2026-09-23 · First reported 2026-02-13
Amendments and versions
{
"amendments_merged": null,
"prior_versions": null,
"cover_table_value": 3024942094
}Research all 153 reported holdings.
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