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)

#StockSharesValue% PortfolioType
101
MARA 0 03/01/30MARA HOLDINGS INC
5,000,000$3.9M0.13%
102
STKSTHE ONE GROUP HOSPITALITY IN
2,121,084$3.7M0.12%
103
DHXDHI GROUP INC
2,374,027$3.7M0.12%
104
VSTMVERASTEM INC
462,140$3.6M0.12%
105
ARVNARVINAS INC
300,000$3.6M0.12%
106
KIDSORTHOPEDIATRICS CORP
199,449$3.5M0.12%
107
GAIAGAIA INC NEW
914,618$3.3M0.11%
108
SP4PACHIEVE LIFE SCIENCES INC
648,885$3.2M0.11%
109
AKBAAKEBIA THERAPEUTICS INC
2,000,000$3.2M0.11%
110
SRLSCULLY ROYALTY LTD
368,182$3.1M0.10%
111
NNBRNN INC
2,441,416$3.1M0.10%
112
ANEBANEBULO PHARMACEUTICALS INC
3,036,325$3.1M0.10%
113
CMPSCOMPASS PATHWAYS PLC
443,293$3.1M0.10%
114
BRCCBRC INC
2,630,517$2.9M0.10%
115
NDLSUSDNOODLES & CO
4,124,708$2.9M0.10%
116
AYTUAYTU BIOPHARMA INC
1,086,812$2.8M0.09%
117
PAYOPAYONEER GLOBAL INC
483,836$2.7M0.09%
118
XNCRXENCOR INC
164,639$2.5M0.08%
119
IMUXIMMUNIC INC
4,378,406$2.3M0.08%
120
ELUTELUTIA INC
3,184,947$2.2M0.07%
121
KOSKOSMOS ENERGY LTD
2,344,194$2.1M0.07%
122
RDIREADING INTL INC
1,921,088$2.0M0.07%
123
KZRKEZAR LIFE SCIENCES INC
276,754$1.7M0.06%
124
PCVXVAXCYTE INC
35,200$1.6M0.05%Call
125
PERFPERFECT CORP
583,925$1.1M0.03%
126
ASPSALTISOURCE PORTFOLIO SOLUTIO
2,477,312$1.0M0.03%
127
SNTISENTI BIOSCIENCES INC
888,000$923K0.03%
128
GLUEMONTE ROSA THERAPEUTICS INC
57,991$909K0.03%
129
EDSAEDESA BIOTECH INC
625,000$887K0.03%
130
ACUACME UTD CORP
20,427$823K0.03%
131
ASPSALTISOURCE PORTFOLIO SOLUTIO
2,477,312$817K0.03%
132
VYNEVYNE THERAPEUTICS INC
1,000,000$580K0.02%
133
SGRPSPAR GROUP INC
660,688$532K0.02%
134
E2OSTRATA SKIN SCIENCES INC
403,917$508K0.02%
135
PHGEBIOMX INC
114,795$214K0.01%
136
KPRXKIORA PHARMACEUTICALS INC
106,156$209K0.01%
137
NUVB/WSNUVATION BIO INC
626,191$206K0.01%
138
APREAPREA THERAPEUTICS INC
205,760$175K0.01%
139
LUCDLUCID DIAGNOSTICS INC
94,541$103K0.00%
140
CNTXCONTEXT THERAPEUTICS INC
37,837$55K0.00%
141
GFAIGUARDFORCE AI CO LTD
154,205$23K0.00%
142
PERFPERFECT CORP
16,075$00.00%
PreviousPage 2 of 2