Nantahala Capital Management, LLC Q4 2025 Filing
Filed February 13, 2026
Portfolio Value
$3.0B
Holdings
142
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (142 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | IWMISHARES TR | 2,817,159 | $693.5M | 22.93% | Put |
| 2 | EWEDWARDS LIFESCIENCES CORP | 1,800,000 | $153.4M | 5.07% | Put |
| 3 | HGVHILTON GRAND VACATIONS INC | 2,636,622 | $118.0M | 3.90% | Call |
| 4 | HLFHERBALIFE LTD | 8,681,857 | $111.9M | 3.70% | Call |
| 5 | SLNOSOLENO THERAPEUTICS INC | 1,816,002 | $84.1M | 2.78% | Call |
| 6 | TEVATEVA PHARMACEUTICAL INDS LTD | 2,500,000 | $78.0M | 2.58% | Call |
| 7 | PTONPELOTON INTERACTIVE INC | 12,432,676 | $76.6M | 2.53% | Call |
| 8 | TBBKBANCORP INC DEL | 1,071,685 | $72.4M | 2.39% | |
| 9 | ESTAESTABLISHMENT LABS HLDGS INC | 987,689 | $72.0M | 2.38% | |
| 10 | VTRSVIATRIS INC | 5,000,000 | $62.3M | 2.06% | Call |
| 11 | XTNTXTANT MED HLDGS INC | 68,394,000 | $53.6M | 1.77% | |
| 12 | XBISPDR SERIES TRUST | 400,000 | $48.8M | 1.61% | Put |
| 13 | FULCFULCRUM THERAPEUTICS INC | 4,293,346 | $48.6M | 1.61% | |
| 14 | BVSBIOVENTUS INC | 6,047,403 | $45.0M | 1.49% | |
| 15 | YB4PSAVARA INC | 7,344,783 | $44.3M | 1.46% | |
| 16 | EOLSEVOLUS INC | 5,820,649 | $38.7M | 1.28% | |
| 17 | FOXFFOX FACTORY HLDG CORP | 2,188,300 | $37.4M | 1.24% | |
| 18 | GOGOGOGO INC | 6,792,649 | $31.7M | 1.05% | |
| 19 | TNGXTANGO THERAPEUTICS INC | 3,572,633 | $31.7M | 1.05% | |
| 20 | REGNREGENERON PHARMACEUTICALS | 40,000 | $30.9M | 1.02% | Call |
| 21 | AMRXAMNEAL PHARMACEUTICALS INC | 2,447,516 | $30.8M | 1.02% | |
| 22 | EBEVENTBRITE INC | 6,854,718 | $30.5M | 1.01% | |
| 23 | CWHCAMPING WORLD HLDGS INC | 3,058,542 | $29.8M | 0.98% | Call |
| 24 | ABEOABEONA THERAPEUTICS INC | 5,483,052 | $28.9M | 0.96% | Call |
| 25 | RDNWRIDENOW GROUP INC | 4,972,845 | $27.4M | 0.91% | Call |
| 26 | RAPTRAPT THERAPEUTICS INC | 754,153 | $25.5M | 0.84% | |
| 27 | GUTSFRACTYL HEALTH INC | 10,846,440 | $23.9M | 0.79% | |
| 28 | AVTXAVALO THERAPEUTICS INC | 1,235,000 | $22.4M | 0.74% | |
| 29 | ABVXABIVAX SA | 153,235 | $20.7M | 0.68% | |
| 30 | ETONETON PHARMACEUTICALS INC | 1,175,951 | $19.9M | 0.66% | |
| 31 | GMEDGLOBUS MED INC | 224,962 | $19.6M | 0.65% | |
| 32 | ADCTADC THERAPEUTICS SA | 5,475,433 | $19.3M | 0.64% | |
| 33 | FOSLFOSSIL GROUP INC | 5,064,359 | $19.0M | 0.63% | |
| 34 | LYVLIVE NATION ENTERTAINMENT IN | 130,300 | $18.6M | 0.61% | Put |
| 35 | 3TYTITAN MACHY INC | 1,220,520 | $18.4M | 0.61% | |
| 36 | IMAIMAX CORP | 477,092 | $17.6M | 0.58% | |
| 37 | RMRRMR GROUP INC | 1,147,902 | $17.1M | 0.57% | |
| 38 | QUREUNIQURE NV | 699,298 | $16.7M | 0.55% | |
| 39 | JACKJACK IN THE BOX INC | 865,990 | $16.4M | 0.54% | |
| 40 | MDXGMIMEDX GROUP INC | 2,416,389 | $16.4M | 0.54% | |
| 41 | CRMTAMERICAS CAR-MART INC | 644,686 | $16.3M | 0.54% | |
| 42 | ZVRAZEVRA THERAPEUTICS INC | 1,771,936 | $15.9M | 0.52% | |
| 43 | RHRH | 87,791 | $15.7M | 0.52% | Call |
| 44 | AFWALIGN TECHNOLOGY INC | 100,000 | $15.6M | 0.52% | Call |
| 45 | DNTHDIANTHUS THERAPEUTICS INC | 375,000 | $15.5M | 0.51% | |
| 46 | CHYMCHIME FINL INC | 600,000 | $15.1M | 0.50% | Call |
| 47 | LBRXLB PHARMACEUTICALS INC | 675,000 | $15.0M | 0.50% | |
| 48 | TLSITRISALUS LIFE SCIENCES INC | 2,070,827 | $14.5M | 0.48% | |
| 49 | CATBUSDASTRIA THERAPEUTICS INC | 1,069,530 | $14.0M | 0.46% | |
| 50 | BNTCBENITEC BIOPHARMA INC | 1,038,371 | $14.0M | 0.46% | |
| 51 | APYXAPYX MEDICAL CORPORATION | 3,974,091 | $13.9M | 0.46% | |
| 52 | UPBUPSTREAM BIO INC | 494,971 | $13.4M | 0.44% | |
| 53 | JCAPJEFFERSON CAPITAL INC | 600,000 | $13.4M | 0.44% | |
| 54 | FLWS1 800 FLOWERS COM INC | 3,375,065 | $13.3M | 0.44% | |
| 55 | HPOSERVICE PPTYS TR | 7,057,887 | $13.0M | 0.43% | |
| 56 | AVRANTERIS TECHNOLOGIES GLOBAL | 2,530,910 | $12.6M | 0.42% | |
| 57 | KROSKEROS THERAPEUTICS INC | 610,419 | $12.4M | 0.41% | Call |
| 58 | GONGERON CORP | 9,025,000 | $11.9M | 0.39% | |
| 59 | AURAAURA BIOSCIENCES INC | 2,117,697 | $11.5M | 0.38% | |
| 60 | USNAUSANA HEALTH SCIENCES INC | 585,074 | $11.5M | 0.38% | |
| 61 | RYAMRAYONIER ADVANCED MATLS INC | 1,800,000 | $10.6M | 0.35% | |
| 62 | BCRXBIOCRYST PHARMACEUTICALS INC | 1,356,377 | $10.6M | 0.35% | |
| 63 | IRONDISC MEDICINE INC | 132,800 | $10.5M | 0.35% | |
| 64 | AMLXAMYLYX PHARMACEUTICALS INC | 835,684 | $10.1M | 0.33% | |
| 65 | PEPGPEPGEN INC | 1,547,229 | $10.1M | 0.33% | |
| 66 | GDENGOLDEN ENTMT INC | 368,245 | $10.0M | 0.33% | |
| 67 | LXEOLEXEO THERAPEUTICS INC | 1,000,000 | $9.9M | 0.33% | |
| 68 | XFORX4 PHARMACEUTICALS INC | 2,449,468 | $9.8M | 0.32% | |
| 69 | IRDOPUS GENETICS INC | 4,781,330 | $9.6M | 0.32% | |
| 70 | SLNSILENCE THERAPEUTICS PLC | 1,542,427 | $9.4M | 0.31% | |
| 71 | CASHPATHWARD FINANCIAL INC | 131,608 | $9.3M | 0.31% | |
| 72 | ILPTINDUSTRIAL LOGISTICS PPTYS T | 1,678,973 | $9.3M | 0.31% | |
| 73 | SLDBSOLID BIOSCIENCES INC | 1,603,336 | $9.0M | 0.30% | |
| 74 | DSGRDISTRIBUTION SOLUTIONS GRP I | 330,000 | $9.0M | 0.30% | |
| 75 | QNCXQUINCE THERAPEUTICS INC | 2,672,429 | $9.0M | 0.30% | |
| 76 | COGTCOGENT BIOSCIENCES INC | 250,000 | $8.9M | 0.29% | |
| 77 | EHTHEHEALTH INC | 1,761,441 | $8.1M | 0.27% | |
| 78 | IKTINHIBIKASE THERAPEUTICS INC | 3,929,292 | $8.1M | 0.27% | |
| 79 | ITGRINTEGER HLDGS CORP | 102,000 | $8.0M | 0.26% | |
| 80 | CMCOCOLUMBUS MCKINNON CORP N Y | 450,000 | $7.8M | 0.26% | |
| 81 | RSVRRESERVOIR MEDIA INC | 940,960 | $7.1M | 0.24% | |
| 82 | HAINHAIN CELESTIAL GROUP INC | 6,528,789 | $7.0M | 0.23% | |
| 83 | VMDVIEMED HEALTHCARE INC | 932,445 | $6.9M | 0.23% | |
| 84 | TELATELA BIO INC | 5,861,588 | $6.9M | 0.23% | Call |
| 85 | CDXSCODEXIS INC | 3,990,169 | $6.5M | 0.21% | |
| 86 | DRIODARIOHEALTH CORP | 563,232 | $6.4M | 0.21% | |
| 87 | CNTACENTESSA PHARMACEUTICALS PLC | 254,803 | $6.4M | 0.21% | |
| 88 | NSPRINSPIREMD INC | 3,376,484 | $6.0M | 0.20% | |
| 89 | UNCYUNICYCIVE THERAPEUTICS INC | 939,202 | $5.4M | 0.18% | |
| 90 | ASRTASSERTIO HOLDINGS INC | 587,335 | $5.3M | 0.18% | |
| 91 | SRZNSURROZEN INC | 229,527 | $5.2M | 0.17% | |
| 92 | KRROKORRO BIO INC | 600,000 | $4.8M | 0.16% | |
| 93 | NKTRNEKTAR THERAPEUTICS | 112,946 | $4.8M | 0.16% | |
| 94 | NPCENEUROPACE INC | 295,089 | $4.6M | 0.15% | |
| 95 | CGONCG ONCOLOGY INC | 109,449 | $4.5M | 0.15% | |
| 96 | ALTGALTA EQUIPMENT GROUP INC | 934,774 | $4.3M | 0.14% | |
| 97 | DXLGDESTINATION XL GROUP INC | 4,505,000 | $4.1M | 0.14% | |
| 98 | MLYSMINERALYS THERAPEUTICS INC | 113,285 | $4.1M | 0.14% | |
| 99 | GRCEGRACE THERAPEUTICS INC | 1,178,203 | $4.1M | 0.13% | |
| 100 | TLPHTALPHERA INC | 3,492,519 | $4.0M | 0.13% |
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