Q1 2025 · 13F-HR
Nantahala Capital Management, LLCholdings as filed
Filed 2025-05-15 · accession 0001104659-25-049574
$2.52B
Reported value
145
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464287655 | IWM | ISHARES TR | $608.4M | 24.2% | 3,050,000 | PUT | SOLE |
| 464288513 | HYG | ISHARES TR | $276.1M | 11.0% | 3,500,000 | PUT | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $140.7M | 5.59% | 300,000 | PUT | SOLE |
| 834203309 | SLNO | SOLENO THERAPEUTICS INC | $125.5M | 4.99% | 1,757,023 | Common | SOLE |
| 78464A870 | XBI | SPDR SER TR | $97.3M | 3.87% | 1,200,000 | PUT | SOLE |
| 43283X105 | HGV | HILTON GRAND VACATIONS INC | $74.3M | 2.95% | 1,986,737 | Common | SOLE |
| G31249108 | ESTA | ESTABLISHMENT LABS HLDGS INC | $72.4M | 2.88% | 1,774,044 | Common | SOLE |
| G4412G101 | HLF | HERBALIFE LTD | $50.1M | 1.99% | 5,800,000 | CALL | SOLE |
| 30052C107 | EOLS | EVOLUS INC | $43.9M | 1.75% | 3,651,343 | Common | SOLE |
| 05969A105 | TBBK | BANCORP INC DEL | $43.8M | 1.74% | 828,503 | Common | SOLE |
| 834203309 | SLNO | SOLENO THERAPEUTICS INC | $42.9M | 1.70% | 600,000 | PUT | SOLE |
| 09075A108 | BVS | BIOVENTUS INC | $37.7M | 1.50% | 4,125,650 | Common | SOLE |
| 03168L105 | AMRX | AMNEAL PHARMACEUTICALS INC | $31.9M | 1.27% | 3,808,561 | Common | SOLE |
| 38046C109 | GOGO | GOGO INC | $30.7M | 1.22% | 3,564,797 | Common | SOLE |
| 03062T105 | CRMT | AMERICAS CAR-MART INC | $29.3M | 1.16% | 644,686 | Common | SOLE |
| N90064101 | QURE | UNIQURE NV | $29.2M | 1.16% | 2,755,962 | Common | SOLE |
| 88830R101 | TITN | TITAN MACHY INC | $27.6M | 1.10% | 1,621,738 | Common | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $27.6M | 1.10% | 4,361,792 | Common | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $26.5M | 1.05% | 4,200,000 | CALL | SOLE |
| 45245E109 | IMAX | IMAX CORP | $23.9M | 0.95% | 908,251 | Common | SOLE |
| 805111101 | SVRA | SAVARA INC | $22.4M | 0.89% | 8,075,375 | Common | SOLE |
| 43283X105 | HGV | HILTON GRAND VACATIONS INC | $21.5M | 0.85% | 575,000 | CALL | SOLE |
| 81761L102 | SVC | SERVICE PPTYS TR | $21.0M | 0.84% | 8,057,887 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $17.0M | 0.68% | 130,300 | PUT | SOLE |
| 00289Y206 | ABEO | ABEONA THERAPEUTICS INC | $16.7M | 0.66% | 3,509,850 | Common | SOLE |
| 492327101 | KROS | KEROS THERAPEUTICS INC | $15.4M | 0.61% | 1,506,790 | Common | SOLE |
| 29772L108 | ETON | ETON PHARMACEUTICALS INC | $15.3M | 0.61% | 1,175,951 | Common | SOLE |
| M96088105 | URGN | UROGEN PHARMA LTD | $15.1M | 0.60% | 1,363,399 | Common | SOLE |
| 35138V102 | FOXF | FOX FACTORY HLDG CORP | $14.7M | 0.58% | 628,648 | Common | SOLE |
| 359616109 | FULC | FULCRUM THERAPEUTICS INC | $13.9M | 0.55% | 4,822,693 | Common | SOLE |
| 92337C203 | VSTM | VERASTEM INC | $13.9M | 0.55% | 2,298,541 | Common | SOLE |
| 29975E109 | EB4 | EVENTBRITE INC | $13.5M | 0.54% | 6,381,395 | Common | SOLE |
| 75704L104 | RDVT | RED VIOLET INC | $12.8M | 0.51% | 341,378 | Common | SOLE |
| 603170101 | MLYS | MINERALYS THERAPEUTICS INC | $12.5M | 0.50% | 787,740 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $12.5M | 0.50% | 500,000 | CALL | SOLE |
| 74967R106 | RMR | RMR GROUP INC | $12.3M | 0.49% | 736,202 | Common | SOLE |
| 74967X103 | RH | RH | $11.8M | 0.47% | 50,158 | Common | SOLE |
| 488445206 | ZVRA | ZEVRA THERAPEUTICS INC | $11.0M | 0.44% | 1,471,936 | Common | SOLE |
| 76119X105 | RSVR | RESERVOIR MEDIA INC | $11.0M | 0.44% | 1,442,136 | Common | SOLE |
| 08205P209 | BNTC | BENITEC BIOPHARMA INC | $10.9M | 0.43% | 838,095 | Common | SOLE |
| 03237H101 | AMLX | AMYLYX PHARMACEUTICALS INC | $10.4M | 0.41% | 2,934,405 | Common | SOLE |
| 88427A107 | — | THIRD HARMONIC BIO INC | $10.2M | 0.41% | 2,938,700 | Common | SOLE |
| 00370M103 | ABVX | ABIVAX SA | $9.3M | 0.37% | 1,482,994 | Common | SOLE |
| 781386305 | RDNW | RUMBLEON INC | $9.2M | 0.37% | 3,272,845 | Common | SOLE |
| 68404V209 | OPTNUSD | OPTINOSE INC | $9.0M | 0.36% | 985,333 | Common | SOLE |
| 28238P109 | EHTH | EHEALTH INC | $8.8M | 0.35% | 1,311,441 | Common | SOLE |
| 456237106 | ILPT | INDUSTRIAL LOGISTICS PPTYS T | $8.6M | 0.34% | 2,506,244 | Common | SOLE |
| 89157D105 | TRML | TOURMALINE BIO INC | $8.1M | 0.32% | 532,824 | Common | SOLE |
| 20451W101 | CMPS | COMPASS PATHWAYS PLC | $8.1M | 0.32% | 2,829,232 | Common | SOLE |
| 05479K106 | ELUT | ELUTIA INC | $8.1M | 0.32% | 3,184,947 | Common | SOLE |
| 152309100 | CNTA | CENTESSA PHARMACEUTICALS PLC | $8.0M | 0.32% | 554,803 | Common | SOLE |
| 192005106 | CDXS | CODEXIS INC | $7.6M | 0.30% | 2,830,619 | Common | SOLE |
| 05153U107 | AURA | AURA BIOSCIENCES INC | $7.4M | 0.30% | 1,267,697 | Common | SOLE |
| 254604101 | IRON | DISC MEDICINE INC | $7.4M | 0.29% | 148,391 | Common | SOLE |
| 05338F306 | AVTX | AVALO THERAPEUTICS INC | $7.2M | 0.29% | 900,000 | Common | SOLE |
| 697947109 | PVLA | PALVELLA THERAPEUTICS INC NE | $7.0M | 0.28% | 250,062 | Common | SOLE |
| 87164F105 | SNDX | SYNDAX PHARMACEUTICALS INC | $6.8M | 0.27% | 554,503 | Common | SOLE |
| 92663R105 | VMD | VIEMED HEALTHCARE INC | $6.8M | 0.27% | 932,445 | Common | SOLE |
| 88338K103 | STKS | THE ONE GROUP HOSPITALITY IN | $6.3M | 0.25% | 2,121,084 | Common | SOLE |
| 45779A846 | NSPR | INSPIREMD INC | $6.2M | 0.25% | 2,318,017 | Common | SOLE |
| 75382E109 | — | RAPT THERAPEUTICS INC | $6.1M | 0.24% | 5,012,927 | Common | SOLE |
| 03675P102 | AVR | ANTERIS TECHNOLOGIES GLOBAL | $5.9M | 0.24% | 1,663,666 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $5.8M | 0.23% | 29,151 | Common | SOLE |
| 04546C205 | — | ASSERTIO HOLDINGS INC | $5.7M | 0.23% | 8,439,762 | Common | SOLE |
| 90466Y103 | — | UNICYCIVE THERAPEUTICS INC | $5.4M | 0.21% | 9,391,994 | Common | SOLE |
| 98420P308 | XTNT | XTANT MED HLDGS INC | $5.4M | 0.21% | 11,394,000 | Common | SOLE |
| 640268108 | NKTREUR | NEKTAR THERAPEUTICS | $5.3M | 0.21% | 7,789,051 | Common | SOLE |
| 19240Q201 | COGT | COGENT BIOSCIENCES INC | $5.1M | 0.20% | 843,489 | Common | SOLE |
| 92840H400 | VTGN | VISTAGEN THERAPEUTICS INC | $4.9M | 0.20% | 1,978,492 | Common | SOLE |
| 65540B105 | NDLSUSD | NOODLES & CO | $4.9M | 0.20% | 4,505,489 | Common | SOLE |
| 02128L106 | ALTG | ALTA EQUIPMENT GROUP INC | $4.9M | 0.19% | 1,042,769 | Common | SOLE |
| 98401F105 | XNCR | XENCOR INC | $4.9M | 0.19% | 456,741 | Common | SOLE |
| 34988V106 | FOSL | FOSSIL GROUP INC | $4.8M | 0.19% | 4,189,177 | Common | SOLE |
| 45719W205 | IKT | INHIBIKASE THERAPEUTICS INC | $4.8M | 0.19% | 2,190,000 | Common | SOLE |
| 781386305 | RDNW | RUMBLEON INC | $4.8M | 0.19% | 1,700,000 | CALL | SOLE |
| 872381108 | TELA | TELA BIO INC | $4.7M | 0.19% | 3,877,965 | Common | SOLE |
| 14179K101 | CRGX | CARGO THERAPEUTICS INC | $4.5M | 0.18% | 1,100,000 | Common | SOLE |
| 03837C106 | APYX | APYX MEDICAL CORPORATION | $4.5M | 0.18% | 3,258,048 | Common | SOLE |
| 77313F106 | RCKT | ROCKET PHARMACEUTICALS INC | $4.2M | 0.17% | 629,749 | Common | SOLE |
| 87583X109 | TNGX | TANGO THERAPEUTICS INC | $4.1M | 0.16% | 2,987,983 | Common | SOLE |
| 034569103 | ANEB | ANEBULO PHARMACEUTICALS INC | $3.9M | 0.16% | 3,036,325 | Common | SOLE |
| 500688106 | KOS | KOSMOS ENERGY LTD | $3.9M | 0.16% | 1,716,593 | Common | SOLE |
| 28617K101 | ELDN | ELEDON PHARMACEUTICALS INC | $3.9M | 0.15% | 1,141,237 | Common | SOLE |
| 00972D105 | AKBA | AKEBIA THERAPEUTICS INC | $3.8M | 0.15% | 2,000,000 | Common | SOLE |
| 641288105 | NPCE | NEUROPACE INC | $3.8M | 0.15% | 312,094 | Common | SOLE |
| 76200L309 | RZLT | REZOLUTE INC | $3.7M | 0.15% | 1,291,395 | Common | SOLE |
| 91678A107 | UPB | UPSTREAM BIO INC | $3.6M | 0.14% | 594,971 | Common | SOLE |
| 26818M108 | DYN | DYNE THERAPEUTICS INC | $3.6M | 0.14% | 345,062 | Common | SOLE |
| 04635X102 | CATBUSD | ASTRIA THERAPEUTICS INC | $3.6M | 0.14% | 669,530 | Common | SOLE |
| 36269P104 | GAIA | GAIA INC NEW | $3.5M | 0.14% | 914,618 | Common | SOLE |
| 88338H704 | TQ80 | THERATECHNOLOGIES INC | $3.5M | 0.14% | 2,422,563 | Common | SOLE |
| 199333105 | CMCO | COLUMBUS MCKINNON CORP N Y | $3.4M | 0.13% | 200,000 | Common | SOLE |
| 23331S100 | DHX | DHI GROUP INC | $3.3M | 0.13% | 2,374,027 | Common | SOLE |
| 629337106 | NNBR | NN INC | $3.3M | 0.13% | 1,441,416 | Common | SOLE |
| 30233G209 | EYPT | EYEPOINT PHARMACEUTICALS INC | $3.2M | 0.13% | 593,091 | Common | SOLE |
| 67577R102 | IRD | OPUS GENETICS INC | $3.1M | 0.12% | 3,157,895 | Common | SOLE |
| G7T96K107 | SRL | SCULLY ROYALTY LTD | $3.0M | 0.12% | 368,182 | Common | SOLE |
| 81726A209 | — | SENTI BIOSCIENCES INC | $3.0M | 0.12% | 888,000 | Common | SOLE |
| 82686Q101 | SLN | SILENCE THERAPEUTICS PLC | $2.9M | 0.12% | 1,042,427 | Common | SOLE |
| 86366E106 | GPCR | STRUCTURE THERAPEUTICS INC | $2.9M | 0.12% | 168,553 | Common | SOLE |
| 00439U104 | GRCE | GRACE THERAPEUTICS INC | $2.7M | 0.11% | 1,178,203 | Common | SOLE |
| 86889P208 | SRZN | SURROZEN INC | $2.7M | 0.11% | 229,527 | Common | SOLE |
| 755408101 | RDI | READING INTL INC | $2.7M | 0.11% | 1,921,088 | Common | SOLE |
| 810648105 | SCPH | SCPHARMACEUTICALS INC | $2.6M | 0.10% | 995,438 | Common | SOLE |
| 86366E106 | GPCR | STRUCTURE THERAPEUTICS INC | $2.6M | 0.10% | 150,000 | CALL | SOLE |
| 492327101 | KROS | KEROS THERAPEUTICS INC | $2.5M | 0.10% | 250,000 | CALL | SOLE |
| 00289Y206 | ABEO | ABEONA THERAPEUTICS INC | $2.5M | 0.10% | 520,000 | CALL | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $2.5M | 0.10% | 98,879 | Common | SOLE |
| 004468500 | ACHV | ACHIEVE LIFE SCIENCES INC | $2.4M | 0.10% | 898,885 | Common | SOLE |
| 690732102 | ACH | OWENS & MINOR INC NEW | $1.8M | 0.07% | 200,000 | Common | SOLE |
| L0175J104 | ASPS | ALTISOURCE PORTFOLIO SOLNS S | $1.7M | 0.07% | 2,477,312 | Common | SOLE |
| 29415J106 | — | ENVVENO MEDICAL CORPORATION | $1.6M | 0.06% | 594,661 | Common | SOLE |
| 27966L306 | EDSA | EDESA BIOTECH INC | $1.5M | 0.06% | 625,000 | Common | SOLE |
| 50015M109 | KOD | KODIAK SCIENCES INC | $1.5M | 0.06% | 530,713 | Common | SOLE |
| 09090D301 | — | BIOMX INC | $1.4M | 0.06% | 2,493,309 | Common | SOLE |
| 054754858 | AYTU | AYTU BIOPHARMA INC | $1.3M | 0.05% | 1,086,812 | Common | SOLE |
| 30052C107 | EOLS | EVOLUS INC | $1.2M | 0.05% | 100,000 | CALL | SOLE |
| 21077P108 | CNTX | CONTEXT THERAPEUTICS INC | $1.2M | 0.05% | 1,935,484 | Common | SOLE |
| 70451X104 | PAYO | PAYONEER GLOBAL INC | $1.1M | 0.04% | 148,052 | Common | SOLE |
| 98986M103 | ZYXIQ | ZYNEX INC | $1.1M | 0.04% | 487,778 | Common | SOLE |
| 86272A305 | SSKN | STRATA SKIN SCIENCES INC | $1.1M | 0.04% | 403,917 | Common | SOLE |
| 83422E204 | SLDB | SOLID BIOSCIENCES INC | $1.0M | 0.04% | 281,368 | Common | SOLE |
| 23725P209 | DRIOEUR | DARIOHEALTH CORP | $1.0M | 0.04% | 1,692,303 | Common | SOLE |
| 00444T209 | TLPH | TALPHERA INC | $986,297 | 0.04% | 1,992,519 | Common | SOLE |
| 872381108 | TELA | TELA BIO INC | $915,000 | 0.04% | 750,000 | CALL | SOLE |
| G7006A109 | PERF | PERFECT CORP | $893,549 | 0.04% | 495,041 | Common | SOLE |
| 784933103 | SGRP | SPAR GROUP INC | $872,108 | 0.03% | 660,688 | Common | SOLE |
| G4412G101 | HLF | HERBALIFE LTD | $863,000 | 0.03% | 100,000 | Common | SOLE |
| 679369108 | OLPX | OLAPLEX HLDGS INC | $825,500 | 0.03% | 650,000 | Common | SOLE |
| 004816104 | ACU | ACME UTD CORP | $809,113 | 0.03% | 20,427 | Common | SOLE |
| 49721T507 | KPRX | KIORA PHARMACEUTICALS INC | $635,441 | 0.03% | 211,110 | Common | SOLE |
| 34960Q307 | FBIO | FORTRESS BIOTECH INC | $507,811 | 0.02% | 325,520 | Common | SOLE |
| 168905107 | PLCE | CHILDRENS PL INC NEW | $498,442 | 0.02% | 57,030 | Common | SOLE |
| 03836J201 | APRE | APREA THERAPEUTICS INC | $419,750 | 0.02% | 205,760 | Common | SOLE |
| 30049G302 | EVOK | EVOKE PHARMA INC | $407,421 | 0.02% | 148,153 | Common | SOLE |
| 505743104 | LADR | LADDER CAP CORP | $289,825 | 0.01% | 25,401 | Common | SOLE |
| 68277Q105 | OKUR | ONKURE THERAPEUTICS INC | $233,094 | 0.01% | 54,208 | Common | SOLE |
| 30068X103 | XGN | EXAGEN INC | $219,658 | 0.01% | 61,186 | Common | SOLE |
| 528872302 | LXRX | LEXICON PHARMACEUTICALS INC | $212,360 | 0.01% | 460,850 | Common | SOLE |
| 54948X109 | LUCD | LUCID DIAGNOSTICS INC | $140,866 | 0.01% | 94,541 | Common | SOLE |
| 52110H100 | — | LAZYDAYS HLDGS INC | $60,161 | 0.00% | 185,452 | Common | SOLE |
| 892918103 | TACT | TRANSACT TECHNOLOGIES INC | $55,369 | 0.00% | 15,046 | Common | SOLE |
| N44445117 | IMTXW | IMMATICS N.V | $27,964 | 0.00% | 248,506 | Common | SOLE |
| G7006A117 | PERFF | PERFECT CORP | $2,127 | 0.00% | 16,075 | Common | SOLE |
| G4236L120 | GFAIW | GUARDFORCE AI CO LTD | $182 | 0.00% | 154,205 | 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.