Filed: 11/14/2025ACC: 0001104659-25-112624
📋 What this filing means
NANTAHALA CAPITAL MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 143 equity positions with a total reported market value of $2.88B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
143
Positions
$2.88B
Total AUM (reported)
335.69M
Total Shares
Allocation by class
COM$1.31B45.4%
RUSSELL 2000 ETF$641.19M22.3%
COM NEW$228.14M7.9%
SPONSORED ADS$132.09M4.6%
CL A$90.55M3.1%
COM SHS$78.21M2.7%
COM CL A$77.37M2.7%
Portfolio Concentration
Top 3$874.95M30.4%
4–10$477.95M16.6%
11–25$558.07M19.4%
Rest$968.84M33.6%
Top 3 weight
30.4%
Top 10 weight
47.0%
Voting Authority Distribution
Total shares with voting rights: 335.69M
Sole
Full voting authority
335.69M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole143
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings143
Rows:
ISHARES TR
SOLEShares2.65M
TypeSH
Market value$641.19M
22.27%
Sole
2.65M
Shared
0.00
None
0.00
EDWARDS LIFESCIENCES CORP
SOLEShares1.80M
TypeSH
Market value$139.99M
4.86%
Sole
1.80M
Shared
0.00
None
0.00
HILTON GRAND VACATIONS INC
SOLEShares2.24M
TypeSH
Market value$93.77M
3.26%
Sole
2.24M
Shared
0.00
None
0.00
ESTABLISHMENT LABS HLDGS INC
SOLEShares1.97M
TypeSH
Market value$80.89M
2.81%
Sole
1.97M
Shared
0.00
None
0.00
PELOTON INTERACTIVE INC
SOLEShares8.20M
TypeSH
Market value$73.78M
2.56%
Sole
8.20M
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares700K
TypeSH
Market value$70.14M
2.44%
Sole
700K
Shared
0.00
None
0.00
HERBALIFE LTD
SOLEShares7.74M
TypeSH
Market value$65.35M
2.27%
Sole
7.74M
Shared
0.00
None
0.00
SOLENO THERAPEUTICS INC
SOLEShares963.76K
TypeSH
Market value$65.15M
2.26%
Sole
963.76K
Shared
0.00
None
0.00
BANCORP INC DEL
SOLEShares852.33K
TypeSH
Market value$63.83M
2.22%
Sole
852.33K
Shared
0.00
None
0.00
UNIQURE NV
SOLEShares1.01M
TypeSH
Market value$58.81M
2.04%
Sole
1.01M
Shared
0.00
None
0.00
TEVA PHARMACEUTICAL INDS LTD
SOLEShares2.50M
TypeSH
Market value$50.50M
1.75%
Sole
2.50M
Shared
0.00
None
0.00
VIATRIS INC
SOLEShares5M
TypeSH
Market value$49.50M
1.72%
Sole
5M
Shared
0.00
None
0.00
ABIVAX SA
SOLEShares557.56K
TypeSH
Market value$47.34M
1.64%
Sole
557.56K
Shared
0.00
None
0.00
XTANT MED HLDGS INC
SOLEShares68.39M
TypeSH
Market value$44.38M
1.54%
Sole
68.39M
Shared
0.00
None
0.00
FULCRUM THERAPEUTICS INC
SOLEShares4.67M
TypeSH
Market value$42.97M
1.49%
Sole
4.67M
Shared
0.00
None
0.00
AMNEAL PHARMACEUTICALS INC
SOLEShares4.22M
TypeSH
Market value$42.29M
1.47%
Sole
4.22M
Shared
0.00
None
0.00
BIOVENTUS INC
SOLEShares5.81M
TypeSH
Market value$38.87M
1.35%
Sole
5.81M
Shared
0.00
None
0.00
KRYSTAL BIOTECH INC
SOLEShares200K
TypeSH
Market value$35.31M
1.23%
Sole
200K
Shared
0.00
None
0.00
EVOLUS INC
SOLEShares5.73M
TypeSH
Market value$35.16M
1.22%
Sole
5.73M
Shared
0.00
None
0.00
IMAX CORP
SOLEShares996.15K
TypeSH
Market value$32.62M
1.13%
Sole
996.15K
Shared
0.00
None
0.00
CAMPING WORLD HLDGS INC
SOLEShares2M
TypeSH
Market value$31.58M
1.10%
Sole
2M
Shared
0.00
None
0.00
SAVARA INC
SOLEShares8.78M
TypeSH
Market value$31.33M
1.09%
Sole
8.78M
Shared
0.00
None
0.00
ABEONA THERAPEUTICS INC
SOLEShares5.08M
TypeSH
Market value$26.85M
0.93%
Sole
5.08M
Shared
0.00
None
0.00
ETON PHARMACEUTICALS INC
SOLEShares1.18M
TypeSH
Market value$25.55M
0.89%
Sole
1.18M
Shared
0.00
None
0.00
NEKTAR THERAPEUTICS
SOLEShares418.52K
TypeSH
Market value$23.81M
0.83%
Sole
418.52K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | RUSSELL 2000 ETF | 2.65M | SH | $641.19M 22.27% | 2.65M | 0.00 | 0.00 |
EDWARDS LIFESCIENCES CORPSOLE | COM | 1.80M | SH | $139.99M 4.86% | 1.80M | 0.00 | 0.00 |
HILTON GRAND VACATIONS INCSOLE | COM | 2.24M | SH | $93.77M 3.26% | 2.24M | 0.00 | 0.00 |
ESTABLISHMENT LABS HLDGS INCSOLE | COM | 1.97M | SH | $80.89M 2.81% | 1.97M | 0.00 | 0.00 |
PELOTON INTERACTIVE INCSOLE | CL A COM | 8.20M | SH | $73.78M 2.56% | 8.20M | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | S&P BIOTECH | 700K | SH | $70.14M 2.44% | 700K | 0.00 | 0.00 |
HERBALIFE LTDSOLE | COM SHS | 7.74M | SH | $65.35M 2.27% | 7.74M | 0.00 | 0.00 |
SOLENO THERAPEUTICS INCSOLE | COM | 963.76K | SH | $65.15M 2.26% | 963.76K | 0.00 | 0.00 |
BANCORP INC DELSOLE | COM | 852.33K | SH | $63.83M 2.22% | 852.33K | 0.00 | 0.00 |
UNIQURE NVSOLE | SHS | 1.01M | SH | $58.81M 2.04% | 1.01M | 0.00 | 0.00 |
TEVA PHARMACEUTICAL INDS LTDSOLE | SPONSORED ADS | 2.50M | SH | $50.50M 1.75% | 2.50M | 0.00 | 0.00 |
VIATRIS INCSOLE | COM | 5M | SH | $49.50M 1.72% | 5M | 0.00 | 0.00 |
ABIVAX SASOLE | SPONSORED ADS | 557.56K | SH | $47.34M 1.64% | 557.56K | 0.00 | 0.00 |
XTANT MED HLDGS INCSOLE | COM NEW | 68.39M | SH | $44.38M 1.54% | 68.39M | 0.00 | 0.00 |
FULCRUM THERAPEUTICS INCSOLE | COM | 4.67M | SH | $42.97M 1.49% | 4.67M | 0.00 | 0.00 |
AMNEAL PHARMACEUTICALS INCSOLE | COM STK CL A | 4.22M | SH | $42.29M 1.47% | 4.22M | 0.00 | 0.00 |
BIOVENTUS INCSOLE | COM CL A | 5.81M | SH | $38.87M 1.35% | 5.81M | 0.00 | 0.00 |
KRYSTAL BIOTECH INCSOLE | COM | 200K | SH | $35.31M 1.23% | 200K | 0.00 | 0.00 |
EVOLUS INCSOLE | COM | 5.73M | SH | $35.16M 1.22% | 5.73M | 0.00 | 0.00 |
IMAX CORPSOLE | COM | 996.15K | SH | $32.62M 1.13% | 996.15K | 0.00 | 0.00 |
CAMPING WORLD HLDGS INCSOLE | CL A | 2M | SH | $31.58M 1.10% | 2M | 0.00 | 0.00 |
SAVARA INCSOLE | COM | 8.78M | SH | $31.33M 1.09% | 8.78M | 0.00 | 0.00 |
ABEONA THERAPEUTICS INCSOLE | COM NEW | 5.08M | SH | $26.85M 0.93% | 5.08M | 0.00 | 0.00 |
ETON PHARMACEUTICALS INCSOLE | COM | 1.18M | SH | $25.55M 0.89% | 1.18M | 0.00 | 0.00 |
NEKTAR THERAPEUTICSSOLE | COM NEW | 418.52K | SH | $23.81M 0.83% | 418.52K | 0.00 | 0.00 |
Page 1 of 6
…