Nantahala Capital Management, LLC
Annual return '25
+10.9%
SPY '25
+17.7%
Alpha
-6.8ptsvs SPY
Invested
$2.7B
Holdings
133
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 82%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$IWM
ISHARES TR
Q1 2026: Sold 98.2% (5.40M → 96.4k shares)
18.7%
02
$PTON
PELOTON INTERACTIVE INC
Q1 2026: Sold 99.8% (13.00M → 32.0k shares)
4.7%
03
$HLF
HERBALIFE LTD
Q1 2026: Exited (was 15.60M shares)
3.8%
04
$HGV
HILTON GRAND VACATIONS INC
Q1 2026: Sold 99.4% (2.15M → 12.9k shares)
3.7%
05
$SLNO
SOLENO THERAPEUTICS INC
Q1 2026: Exited (was 1.00M shares)
3.1%
06
$TBBK
BANCORP INC DEL
Q1 2026: Sold 99.4% (1.07M → 6.2k shares)
3.0%
07
$VTRS
VIATRIS INC
Q1 2026: Sold 99.5% (5.00M → 26.2k shares)
2.5%
08
$EW
EDWARDS LIFESCIENCES CORP
Q1 2026: Exited (was 1.80M shares)
2.4%
09
$BVS
BIOVENTUS INC
Q1 2026: Exited (was 6.05M shares)
2.1%
10
$ESTA
ESTABLISHMENT LABS HLDGS INC
Q1 2026: Exited (was 987.7k shares)
1.7%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 08:14 UTC.