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AIGH Capital Management LLC

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13F filer, CIK 1835943, BALTIMORE, MD

AIGH Capital Management LLC reported $413,146,708 across 34 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-02. Its ten largest share positions make up 68.8% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-26-001042

Period
2025-12-31
Reported value
$413M
Holdings
34
Top 10 weight
68.8%
New
9
Sold out
13

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VNDAnew+1,998,431$17.6M
KYTXnew+1,500,000$14.1M
ABEOnew+2,000,000$10.5M
BKTIadded+112,444$8.39M
IDNnew+1,213,434$8.11M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
MXLexited-1,107,504-$17.8M
LUMNexited-2,550,000-$15.6M
ZVRAexited-1,231,932-$11.7M
APPSexited-1,523,068-$9.75M
VPGexited-250,000-$8.01M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001214659-26-001042, largest first. % of portfolio is the value over $338,275,908, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SNDKSANDISK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 280,000 shares; 2025Q4: 280,000 shares 280,000$66.5M19.65%0Timeline
CSTLCASTLE BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 707,287 shares; 2025Q4: 624,719 shares 624,719$24.3M7.18%-82,568Timeline
PSNLPERSONALIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,999,064 shares; 2024Q4: 3,799,064 shares; 2025Q1: 3,968,948 shares; 2025Q2: 3,723,958 shares; 2025Q3: 3,892,101 shares; 2025Q4: 2,900,000 shares 2,900,000$23.1M6.82%-992,101Timeline
LASRNLIGHT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 600,103 shares; 2025Q3: 600,103 shares; 2025Q4: 600,103 shares 600,103$22.5M6.65%0Timeline
DAWNDAY ONE BIOPHARMACEUTICALS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,520,492 shares; 2025Q4: 1,992,021 shares 1,992,021$18.6M5.49%+471,529Timeline
VNDAVANDA PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,998,431 shares 1,998,431$17.6M5.21%newTimeline
BKTIBK TECHNOLOGIES CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 282,772 shares; 2024Q4: 268,180 shares; 2025Q1: 268,180 shares; 2025Q2: not reported; 2025Q3: 99,009 shares; 2025Q4: 211,453 shares 211,453$15.8M4.66%+112,444Timeline
HUCKHUCKLEBERRY AI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 751,583 shares; 2025Q2: 1,341,518 shares; 2025Q3: 1,341,518 shares; 2025Q4: 1,837,762 shares 1,837,762$15.5M4.58%+496,244Timeline
ESPRESPERION THERAPEUTICS INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,000,000 shares; 2025Q4: 4,000,000 shares 4,000,000$14.8M4.38%+1,000,000Timeline
KYTXKYVERNA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,500,000 shares 1,500,000$14.1M4.17%newTimeline
FENCFENNEC PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 361,005 shares; 2025Q2: 452,400 shares; 2025Q3: 681,501 shares; 2025Q4: 1,581,501 shares 1,581,501$12.2M3.6%+900,000Timeline
LPTHLIGHTPATH TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,723,932 shares; 2024Q4: 3,723,932 shares; 2025Q1: 3,682,932 shares; 2025Q2: 3,642,377 shares; 2025Q3: 900,000 shares; 2025Q4: 1,030,738 shares 1,030,738$11.1M3.29%+130,738Timeline
ABEOABEONA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,000,000 shares 2,000,000$10.5M3.12%newTimeline
IDNINTELLICHECK MOBILISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,767,732 shares; 2024Q4: 1,617,696 shares; 2025Q1: 1,597,538 shares; 2025Q2: 154,174 shares; 2025Q3: not reported; 2025Q4: 1,213,434 shares 1,213,434$8.11M2.4%newTimeline
LRMRLARIMAR THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,000,000 shares; 2025Q4: 2,000,000 shares 2,000,000$7.62M2.25%+1,000,000Timeline
ARQARQ INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,817,078 shares; 2024Q4: 2,817,078 shares; 2025Q1: 2,770,278 shares; 2025Q2: 2,654,486 shares; 2025Q3: 2,579,486 shares; 2025Q4: 2,273,092 shares 2,273,092$7.43M2.2%-306,394Timeline
ARDXARDELYX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 198,500 shares; 2025Q4: 1,150,000 shares 1,150,000$6.7M1.98%+951,500Timeline
BYRNBYRNA TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 394,906 shares 394,906$6.63M1.96%newTimeline
PYPDPOLYPID LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 679,668 shares; 2024Q4: 827,867 shares; 2025Q1: 940,381 shares; 2025Q2: 1,194,108 shares; 2025Q3: 1,065,128 shares; 2025Q4: 1,342,972 shares 1,342,972$5.83M1.72%+277,844Timeline
COYACOYA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 649,427 shares; 2024Q4: 1,201,152 shares; 2025Q1: 1,183,780 shares; 2025Q2: 1,105,622 shares; 2025Q3: 1,105,622 shares; 2025Q4: 975,404 shares 975,404$5.66M1.67%-130,218Timeline
TLPHTALPHERA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,454,545 shares; 2025Q4: 4,661,502 shares 4,661,502$5.31M1.57%+206,957Timeline
APYXAPYX MEDICAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,104,970 shares 1,104,970$3.87M1.14%newTimeline
RNXTRENOVORX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,467,275 shares; 2025Q2: 3,467,275 shares; 2025Q3: 2,615,193 shares; 2025Q4: 2,833,894 shares 2,833,894$3.67M1.09%+218,701Timeline
GRCEGRACE THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 521,083 shares; 2025Q1: 1,322,379 shares; 2025Q2: 1,128,497 shares; 2025Q3: 907,217 shares; 2025Q4: 907,217 shares 907,217$3.15M0.93%0Timeline
ELUTELUTIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,510,442 shares; 2024Q4: 3,074,675 shares; 2025Q1: 3,381,415 shares; 2025Q2: 3,451,025 shares; 2025Q3: 3,165,128 shares; 2025Q4: 3,068,185 shares 3,068,185$2.13M0.63%-96,943Timeline
NRXSNEURAXIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 19,869 shares; 2025Q2: 400,000 shares; 2025Q3: 400,000 shares; 2025Q4: 400,000 shares 400,000$1.82M0.54%0Timeline
IPWRIDEAL PWR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 700,000 shares; 2024Q4: 823,315 shares; 2025Q1: 818,315 shares; 2025Q2: 668,623 shares; 2025Q3: 513,047 shares; 2025Q4: 491,989 shares 491,989$1.52M0.45%-21,058Timeline
SMTKSMARTKEM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 134,687 shares; 2024Q4: 156,487 shares; 2025Q1: 291,681 shares; 2025Q2: 438,685 shares; 2025Q3: 425,277 shares; 2025Q4: 675,000 shares 675,000$719K0.21%+249,723Timeline
QNRXQUOIN PHARMACEUTICALS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 49,323 shares 49,323$712K0.21%newTimeline
BFRIBIOFRONTERA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 501,434 shares; 2024Q4: 811,097 shares; 2025Q1: 732,155 shares; 2025Q2: 974,525 shares; 2025Q3: 1,046,050 shares; 2025Q4: 915,210 shares 915,210$522K0.15%-130,840Timeline
APREAPREA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 539,300 shares; 2024Q4: 539,300 shares; 2025Q1: 539,300 shares; 2025Q2: 539,300 shares; 2025Q3: 539,300 shares; 2025Q4: 370,541 shares 370,541$316K0.09%-168,759Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
ZOOM COMMUNICATIONS INCZOOM COMMUNICATIONS INC CALLcall700,000$60.4Mnew
ZEVRA THERAPEUTICS INCZEVRA THERAPEUTICS INC COM NEWcall1,000,000$8.96Mnew
SEAGATE TECHNOLOGY HLDNGS PLSEAGATE TECHNOLOGY HLDNGS PL CALLcall20,000$5.51M-12,450,132

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
MXLMAXLINEAR INC1,107,504$17.8Mshares
LUMNLUMEN TECHNOLOGIES INC2,550,000$15.6Mshares
GLWCORNING INC3,829,453$12.3Mcall
ZVRAZEVRA THERAPEUTICS INC1,231,932$11.7Mshares
MBLYMOBILEYE GLOBAL INC4,423,008$11.3Mcall
APPSDIGITAL TURBINE INC1,523,068$9.75Mshares
VPGVISHAY PRECISION GROUP INC250,000$8.01Mshares
ZVRAZEVRA THERAPEUTICS INC3,221,110$7.65Mcall
VELOVELO3D INC1,719,874$5.28Mshares
PHATPHATHOM PHARMACEUTICALS INC429,000$5.05Mshares
AMBAAMBARELLA INC50,000$4.13Mshares
VUZIVUZIX CORP898,648$2.81Mshares
ELVAELECTROVAYA INC192,100$1.13Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001214659-26-001042 base2026-02-02acceptance time not in the bulk data set