Nantahala Capital Management, LLC Q3 2025 Filing
Filed November 14, 2025
Portfolio Value
$2.9T
Holdings
143
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (143 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | IWMISHARES TR | 2,650,000 | $641.2B | 22.27% | Put |
| 2 | EWEDWARDS LIFESCIENCES CORP | 1,800,000 | $140.0B | 4.86% | Put |
| 3 | HGVHILTON GRAND VACATIONS INC | 2,242,753 | $93.8B | 3.26% | Call |
| 4 | ESTAESTABLISHMENT LABS HLDGS INC | 1,973,492 | $80.9B | 2.81% | |
| 5 | PTONPELOTON INTERACTIVE INC | 8,197,700 | $73.8B | 2.56% | Call |
| 6 | XBISPDR SERIES TRUST | 700,000 | $70.1B | 2.44% | Put |
| 7 | HLFHERBALIFE LTD | 7,742,431 | $65.3B | 2.27% | Call |
| 8 | SLNOSOLENO THERAPEUTICS INC | 963,763 | $65.2B | 2.26% | Call |
| 9 | TBBKBANCORP INC DEL | 852,334 | $63.8B | 2.22% | |
| 10 | QUREUNIQURE NV | 1,007,492 | $58.8B | 2.04% | |
| 11 | TEVATEVA PHARMACEUTICAL INDS LTD | 2,500,000 | $50.5B | 1.75% | Call |
| 12 | VTRSVIATRIS INC | 5,000,000 | $49.5B | 1.72% | Call |
| 13 | ABVXABIVAX SA | 557,564 | $47.3B | 1.64% | |
| 14 | XTNTXTANT MED HLDGS INC | 68,394,000 | $44.4B | 1.54% | |
| 15 | FULCFULCRUM THERAPEUTICS INC | 4,670,784 | $43.0B | 1.49% | |
| 16 | AMRXAMNEAL PHARMACEUTICALS INC | 4,224,564 | $42.3B | 1.47% | |
| 17 | BVSBIOVENTUS INC | 5,810,662 | $38.9B | 1.35% | |
| 18 | KRYSKRYSTAL BIOTECH INC | 200,000 | $35.3B | 1.23% | Put |
| 19 | EOLSEVOLUS INC | 5,726,857 | $35.2B | 1.22% | |
| 20 | IMAIMAX CORP | 996,150 | $32.6B | 1.13% | |
| 21 | CWHCAMPING WORLD HLDGS INC | 2,000,000 | $31.6B | 1.10% | Call |
| 22 | YB4PSAVARA INC | 8,775,375 | $31.3B | 1.09% | |
| 23 | ABEOABEONA THERAPEUTICS INC | 5,084,665 | $26.8B | 0.93% | Call |
| 24 | ETONETON PHARMACEUTICALS INC | 1,175,951 | $25.6B | 0.89% | |
| 25 | NKTRNEKTAR THERAPEUTICS | 418,522 | $23.8B | 0.83% | |
| 26 | KROSKEROS THERAPEUTICS INC | 1,483,189 | $23.5B | 0.81% | Call |
| 27 | REGNREGENERON PHARMACEUTICALS | 40,000 | $22.5B | 0.78% | Call |
| 28 | RDNWRIDENOW GROUP INC | 4,972,845 | $21.9B | 0.76% | Call |
| 29 | COGTCOGENT BIOSCIENCES INC | 1,506,989 | $21.6B | 0.75% | |
| 30 | LYVLIVE NATION ENTERTAINMENT IN | 130,300 | $21.3B | 0.74% | Put |
| 31 | GUTSFRACTYL HEALTH INC | 12,136,917 | $19.3B | 0.67% | |
| 32 | HPOSERVICE PPTYS TR | 7,057,887 | $19.1B | 0.66% | |
| 33 | IRONDISC MEDICINE INC | 287,800 | $19.0B | 0.66% | |
| 34 | CRMTAMERICAS CAR-MART INC | 644,686 | $18.8B | 0.65% | |
| 35 | ZVRAZEVRA THERAPEUTICS INC | 1,971,936 | $18.8B | 0.65% | |
| 36 | 3TYTITAN MACHY INC | 1,096,232 | $18.4B | 0.64% | |
| 37 | RMRRMR GROUP INC | 1,147,902 | $18.1B | 0.63% | |
| 38 | FOXFFOX FACTORY HLDG CORP | 728,648 | $17.7B | 0.61% | |
| 39 | EBEVENTBRITE INC | 6,831,395 | $17.2B | 0.60% | |
| 40 | GMEDGLOBUS MED INC | 300,000 | $17.2B | 0.60% | |
| 41 | CZRCAESARS ENTERTAINMENT INC NE | 598,879 | $16.2B | 0.56% | Call |
| 42 | RAPTRAPT THERAPEUTICS INC | 623,282 | $16.1B | 0.56% | |
| 43 | AVTXAVALO THERAPEUTICS INC | 1,235,000 | $15.7B | 0.55% | |
| 44 | PVLAPALVELLA THERAPEUTICS INC NE | 250,062 | $15.7B | 0.54% | |
| 45 | FLWS1 800 FLOWERS COM INC | 3,368,065 | $15.5B | 0.54% | |
| 46 | TNGXTANGO THERAPEUTICS INC | 1,809,948 | $15.2B | 0.53% | |
| 47 | DNTHDIANTHUS THERAPEUTICS INC | 375,000 | $14.8B | 0.51% | |
| 48 | GPCRSTRUCTURE THERAPEUTICS INC | 518,553 | $14.5B | 0.50% | Call |
| 49 | HOODROBINHOOD MKTS INC | 100,000 | $14.3B | 0.50% | Put |
| 50 | AURAAURA BIOSCIENCES INC | 2,117,697 | $13.1B | 0.45% | |
| 51 | XNCRXENCOR INC | 1,100,000 | $12.9B | 0.45% | |
| 52 | AMLXAMYLYX PHARMACEUTICALS INC | 935,684 | $12.7B | 0.44% | |
| 53 | AFWALIGN TECHNOLOGY INC | 100,000 | $12.5B | 0.43% | Call |
| 54 | GONGERON CORP | 9,025,000 | $12.4B | 0.43% | |
| 55 | JACKJACK IN THE BOX INC | 600,000 | $11.9B | 0.41% | |
| 56 | BNTCBENITEC BIOPHARMA INC | 838,095 | $11.8B | 0.41% | |
| 57 | VSTMVERASTEM INC | 1,292,903 | $11.4B | 0.40% | |
| 58 | UPBUPSTREAM BIO INC | 594,971 | $11.2B | 0.39% | |
| 59 | LBRXLB PHARMACEUTICALS INC | 675,000 | $10.7B | 0.37% | |
| 60 | SLDBSOLID BIOSCIENCES INC | 1,699,258 | $10.5B | 0.36% | |
| 61 | JCAPJEFFERSON CAPITAL INC | 600,000 | $10.4B | 0.36% | |
| 62 | MDXGMIMEDX GROUP INC | 1,466,566 | $10.2B | 0.36% | |
| 63 | RHRH | 50,000 | $10.2B | 0.35% | Call |
| 64 | CMPSCOMPASS PATHWAYS PLC | 1,729,930 | $9.9B | 0.34% | |
| 65 | CDXSCODEXIS INC | 4,030,619 | $9.8B | 0.34% | |
| 66 | CNTACENTESSA PHARMACEUTICALS PLC | 404,803 | $9.8B | 0.34% | |
| 67 | DRIODARIOHEALTH CORP | 563,233 | $9.8B | 0.34% | |
| 68 | ILPTINDUSTRIAL LOGISTICS PPTYS T | 1,675,273 | $9.8B | 0.34% | |
| 69 | FOSLFOSSIL GROUP INC | 3,741,157 | $9.6B | 0.33% | |
| 70 | TLSITRISALUS LIFE SCIENCES INC | 2,040,245 | $9.5B | 0.33% | |
| 71 | ADCTADC THERAPEUTICS SA | 2,266,289 | $9.1B | 0.31% | |
| 72 | DYNDYNE THERAPEUTICS INC | 702,884 | $8.9B | 0.31% | |
| 73 | TELATELA BIO INC | 5,861,588 | $8.7B | 0.30% | Call |
| 74 | AVRANTERIS TECHNOLOGIES GLOBAL | 1,918,666 | $8.6B | 0.30% | |
| 75 | RDVTRED VIOLET INC | 164,339 | $8.6B | 0.30% | |
| 76 | CYTKCYTOKINETICS INC | 150,000 | $8.2B | 0.29% | |
| 77 | NSPRINSPIREMD INC | 3,376,484 | $8.1B | 0.28% | |
| 78 | CATBUSDASTRIA THERAPEUTICS INC | 1,069,530 | $7.8B | 0.27% | |
| 79 | ASRTASSERTIO HOLDINGS INC | 8,810,073 | $7.8B | 0.27% | |
| 80 | RSVRRESERVOIR MEDIA INC | 950,960 | $7.7B | 0.27% | |
| 81 | XFORX4 PHARMACEUTICALS INC | 2,228,350 | $7.6B | 0.26% | |
| 82 | EHTHEHEALTH INC | 1,761,441 | $7.6B | 0.26% | |
| 83 | ANEBANEBULO PHARMACEUTICALS INC | 3,036,325 | $7.6B | 0.26% | |
| 84 | DCTHDELCATH SYS INC | 666,435 | $7.2B | 0.25% | |
| 85 | APYXAPYX MEDICAL CORPORATION | 3,338,048 | $7.1B | 0.25% | |
| 86 | VTGNVISTAGEN THERAPEUTICS INC | 1,978,492 | $7.0B | 0.24% | |
| 87 | DSGRDISTRIBUTION SOLUTIONS GRP I | 230,339 | $6.9B | 0.24% | |
| 88 | ALTGALTA EQUIPMENT GROUP INC | 934,774 | $6.8B | 0.24% | |
| 89 | DHXDHI GROUP INC | 2,374,027 | $6.6B | 0.23% | |
| 90 | CMCOCOLUMBUS MCKINNON CORP N Y | 450,000 | $6.5B | 0.22% | |
| 91 | VMDVIEMED HEALTHCARE INC | 932,445 | $6.3B | 0.22% | |
| 92 | STKSTHE ONE GROUP HOSPITALITY IN | 2,121,084 | $6.3B | 0.22% | |
| 93 | MLYSMINERALYS THERAPEUTICS INC | 158,713 | $6.0B | 0.21% | |
| 94 | DXLGDESTINATION XL GROUP INC | 4,505,000 | $5.9B | 0.20% | |
| 95 | IRDOPUS GENETICS INC | 3,345,923 | $5.5B | 0.19% | |
| 96 | AKBAAKEBIA THERAPEUTICS INC | 2,000,000 | $5.5B | 0.19% | |
| 97 | GAIAGAIA INC NEW | 914,618 | $5.4B | 0.19% | |
| 98 | SLNSILENCE THERAPEUTICS PLC | 1,042,427 | $5.4B | 0.19% | |
| 99 | NNBRNN INC | 2,441,416 | $5.0B | 0.17% | |
| 100 | QNCXQUINCE THERAPEUTICS INC | 3,073,729 | $5.0B | 0.17% |
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