Nantahala Capital Management, LLC

13F filer, CIK 1472322, NEW CANAAN, CT

Nantahala Capital Management, LLC reported $1,976,703,924 across 140 holdings for the quarter ended 2024-09-30, in a 13F-HR filed 2024-11-14. Its ten largest share positions make up 45.75% of the portfolio.

Filed 2024-11-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:26:56 UTC13F-HR 0001104659-24-118916

Period: 2024-09-30
Reported value: $1.98B
Holdings: 140
Top 10 weight: 45.75%
New: 20
Sold out: 10

Part of the filer group Nantahala Capital Management, LLC

Daniel Mack
Wilmot B. Harkey

How groups are built

Stakes and trades reported after 2024-09-30

13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.

RACC RESEARCH ALLIANCE CORP III: 13G 1,100,000 shares, 14.1% of the class, 13G filed 2026-10-07, 0001104659-26-114377 Timeline
Accepted 2026-10-07 20:31:11 UTC, ingested 2026-10-07 20:35:25 UTC

Largest buys vs the previous quarter

Security	Shares change	Approx. value
TITNnew	+1,625,276	$22.6M
FULCnew	+4,777,912	$17.1M
TBBKadded	+250,314	$13.4M
POWERSCHOOL HOLDINGS INCnew	+585,000	$13.3M
BKSYnew	+2,450,000	$11.6M

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

Security	Shares change	Approx. value
CASHreduced	-277,230	-$18.3M
BVSreduced	-987,444	-$11.8M
IMAXreduced	-519,486	-$10.7M
TILreduced	-107,016	-$7.2M
ESTAreduced	-153,709	-$6.65M

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, Q3 2024

Share positions as resolved from 13F-HR 0001104659-24-118916, largest first. % of portfolio is the value over $1,188,538,471, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
SLNOSOLENO THERAPEUTICS INC	3,270,448	$165M	13.89%	+188,341	Timeline
ESTAESTABLISHMENT LABS HLDGS INC	2,359,141	$102M	8.59%	-153,709	Timeline
BVSBIOVENTUS INC	4,350,870	$52M	4.37%	-987,444	Timeline
PTONPELOTON INTERACTIVE INC	10,353,631	$48.5M	4.08%	-581,700	Timeline
EOLSEVOLUS INC	2,824,849	$45.8M	3.85%	-86,000	Timeline
TBBKBANCORP INC DEL	588,160	$31.5M	2.65%	+250,314	Timeline
HGVHILTON GRAND VACATIONS INC	746,829	$27.1M	2.28%	+77,958	Timeline
IMAXIMAX CORP	1,278,774	$26.2M	2.21%	-519,486	Timeline
CRMTAMERICAS CAR-MART INC	544,686	$22.8M	1.92%	+232,558	Timeline
TITNTITAN MACHY INC	1,625,276	$22.6M	1.9%	new	Timeline
AMRXAMNEAL PHARMACEUTICALS INC	2,669,943	$22.2M	1.87%	0	Timeline
KROSKEROS THERAPEUTICS INC	381,659	$22.2M	1.86%	+2,852	Timeline
SVRASAVARA INC	5,180,951	$22M	1.85%	0	Timeline
ABEOABEONA THERAPEUTICS INC	3,432,637	$21.7M	1.83%	-37,400	Timeline
ZVRAZEVRA THERAPEUTICS INC	2,924,021	$20.3M	1.71%	+504,586	Timeline
Tourmaline Bio IncTourmaline Bio Inc	700,907	$18M	1.52%	0
CASHPATHWARD FINANCIAL INC	264,203	$17.4M	1.47%	-277,230	Timeline
FULCFULCRUM THERAPEUTICS INC	4,777,912	$17.1M	1.44%	new	Timeline
PAYOPAYONEER GLOBAL INC	2,115,653	$15.9M	1.34%	0	Timeline
RDNWRIDENOW GROUP INC	3,066,537	$14.7M	1.24%	-1,349,969	Timeline
QUREUNIQURE NV	2,781,013	$13.7M	1.15%	+130,541	Timeline
POWERSCHOOL HOLDINGS INCPOWERSCHOOL HOLDINGS INC	585,000	$13.3M	1.12%	new
RDVTRED VIOLET INC	452,466	$12.9M	1.08%	+9	Timeline
RSVRRESERVOIR MEDIA INC	1,560,797	$12.7M	1.07%	+10,000	Timeline
RZLTREZOLUTE INC	2,577,121	$12.5M	1.05%	-412,842	Timeline
BKSYBLACKSKY TECHNOLOGY INC	2,450,000	$11.6M	0.98%	new	Timeline
ABVXABIVAX SA	985,634	$11.4M	0.96%	0	Timeline
AURAAURA BIOSCIENCES INC	1,270,035	$11.3M	0.95%	0	Timeline
VSTMVERASTEM INC	3,733,333	$11.2M	0.94%	+3,333,333	Timeline
ELUTELUTIA INC	2,864,947	$10.9M	0.92%	+1,069,250	Timeline
ASSERTIO HOLDINGS INCASSERTIO HOLDINGS INC	8,948,336	$10.6M	0.89%	-322,500
OPTINOSE INCOPTINOSE INC	14,356,703	$9.62M	0.81%	+937,963
EBEVENTBRITE INC-CLASS A	3,361,200	$9.18M	0.77%	+1,761,200	Timeline
CDXSCODEXIS INC	2,967,808	$9.14M	0.77%	-661,814	Timeline
EAGLE PHARMACEUTICALS INCEAGLE PHARMACEUTICALS INC	2,356,536	$8.79M	0.74%	+394,466
SNDXSYNDAX PHARMACEUTICALS INC	453,232	$8.72M	0.73%	0	Timeline
RMRRMR GROUP INC	339,486	$8.62M	0.72%	+38,694	Timeline
COGTCOGENT BIOSCIENCES INC	790,936	$8.54M	0.72%	0	Timeline
VMDVIEMED HEALTHCARE INC	1,135,122	$8.32M	0.7%	-300,000	Timeline
CNTACENTESSA PHARMACEUTICALS PLC	512,647	$8.2M	0.69%	+62,647	Timeline
EHTHEHEALTH INC	1,911,821	$7.8M	0.66%	0	Timeline
BNTCBENITEC BIOPHARMA INC	838,095	$7.7M	0.65%	-3,300	Timeline
MLYSMINERALYS THERAPEUTICS INC	632,506	$7.66M	0.64%	+100,000	Timeline
GPCRSTRUCTURE THERAPEUTICS INC	171,000	$7.51M	0.63%	new	Timeline
VNDAVANDA PHARMACEUTICALS INC	1,593,516	$7.47M	0.63%	0	Timeline
XTNTXTANT MED HLDGS INC	11,394,000	$7.44M	0.63%	+7,814,000	Timeline
ASTRIA THERAPEUTICS INCASTRIA THERAPEUTICS INC	675,000	$7.43M	0.63%	0
IRONDISC MEDICINE INC	150,000	$7.37M	0.62%	0	Timeline
IMTXIMMATICS N.V	625,659	$7.14M	0.6%	-162,315	Timeline
STKSTHE ONE GROUP HOSPITALITY IN	1,684,073	$6.2M	0.52%	+481,545	Timeline
OCULOCULAR THERAPEUTIX INC	700,000	$6.09M	0.51%	-300,000	Timeline
ETONETON PHARMACEUTICALS INC	998,733	$5.99M	0.5%	+58,000	Timeline
NSPRINSPIREMD INC	2,209,593	$5.92M	0.5%	+182,993	Timeline
CELLECTAR BIOSCIENCES INCCELLECTAR BIOSCIENCES INC	2,712,443	$5.8M	0.49%	+879,118
ALTGALTA EQUIPMENT GROUP INC	845,115	$5.7M	0.48%	+6,893	Timeline
NNBRNN INC	1,458,416	$5.69M	0.48%	+1,970	Timeline
NOODLES & CONOODLES & CO	4,508,329	$5.41M	0.46%	+200,000
ILPTINDUSTRIAL LOGISTICS PPTYS T	1,131,132	$5.38M	0.45%	-738,821	Timeline
LXFRLUXFER HLDGS PLC	413,950	$5.36M	0.45%	-190,193	Timeline
NEKTAR THERAPEUTICSNEKTAR THERAPEUTICS	4,110,000	$5.34M	0.45%	0
RDIREADING INTL INC	3,236,497	$5.28M	0.44%	-8,076	Timeline
TELATELA BIO INC	1,915,126	$4.85M	0.41%	-530,541	Timeline
VTGNVISTAGEN THERAPEUTICS INC	1,517,696	$4.57M	0.38%	0	Timeline
AMLXAMYLYX PHARMACEUTICALS INC	1,404,564	$4.55M	0.38%	new	Timeline
GAIAGAIA INC NEW	915,029	$4.46M	0.37%	0	Timeline
DHXDHI GROUP INC	2,376,606	$4.31M	0.36%	+310,189	Timeline
NPCENEUROPACE INC	607,890	$4.24M	0.36%	-8,933	Timeline
ZYXIQZYNEX, INC. COMMON STOCK (NV)	490,000	$4M	0.34%	0	Timeline
CNTXCONTEXT THERAPEUTICS INC	1,935,484	$3.79M	0.32%	0	Timeline
SLNSILENCE THERAPEUTICS PLC	200,000	$3.64M	0.31%	0	Timeline
LXRXLEXICON PHARMACEUTICALS INC	2,304,150	$3.62M	0.3%	0	Timeline
BRIGHTCOVE INCBRIGHTCOVE INC	1,664,768	$3.6M	0.3%	+351,000
SCPHARMACEUTICALS INCSCPHARMACEUTICALS INC	750,000	$3.42M	0.29%	new
GOGOGOGO INC	475,497	$3.41M	0.29%	new	Timeline
THERATECHNOLOGIES INCTHERATECHNOLOGIES INC	2,682,228	$3.33M	0.28%	0
ACHVACHIEVE LIFE SCIENCE INC	654,000	$3.1M	0.26%	0	Timeline
DARIOHEALTH CORPDARIOHEALTH CORP	2,503,312	$2.8M	0.24%	+111,987
MISTMILESTONE PHARMACEUTICALS IN	1,750,000	$2.66M	0.22%	0	Timeline
AYTUAYTU BIOPHARMA INC	1,086,812	$2.55M	0.21%	0	Timeline
SRZNSURROZEN INC	187,206	$2.24M	0.19%	0	Timeline
MAXMEDIAALPHA INC	123,564	$2.24M	0.19%	0	Timeline
FOSLFOSSIL GROUP INC	1,905,278	$2.23M	0.19%	0	Timeline
XBISPDR SERIES TRUST	21,646	$2.14M	0.18%	-723	Timeline
ENVVENO MEDICAL CORPORATIONENVVENO MEDICAL CORPORATION	596,917	$2.01M	0.17%	+119,062
SRLSCULLY ROYALTY LTD	239,197	$1.91M	0.16%	0	Timeline
NGNENEUROGENE INC	42,279	$1.77M	0.15%	-30,000	Timeline
BIOMX INCBIOMX INC	1,730,600	$1.77M	0.15%	new
TLPHTALPHERA INC	1,992,519	$1.71M	0.14%	0	Timeline
RNTXREIN THERAPEUTICS INC	464,367	$1.64M	0.14%	0	Timeline
SGRPSPAR GROUP INC	662,028	$1.62M	0.14%	0	Timeline
ELDNELEDON PHARMACEUTICALS INC	600,000	$1.49M	0.13%	0	Timeline
TILINSTIL BIO INC	20,276	$1.36M	0.11%	-107,016	Timeline
ALTISOURCE PORTFOLIO SOLNS SALTISOURCE PORTFOLIO SOLNS S	1,091,009	$1.31M	0.11%	0
CMPSCOMPASS PATHWAYS PLC	200,000	$1.26M	0.11%	new	Timeline
UNICYCIVE THERAPEUTICS INCUNICYCIVE THERAPEUTICS INC	2,820,358	$1.15M	0.1%	0
SSKNSTRATA SKIN SCIENCES INC COM S	403,917	$1.11M	0.09%	+100,000	Timeline
ANEBANEBULO PHARMACEUTICALS INC	511,073	$986K	0.08%	0	Timeline
RENEO PHARMACEUTICALS INCRENEO PHARMACEUTICALS INC	547,804	$931K	0.08%	0
LAZYDAYS HLDGS INCLAZYDAYS HLDGS INC	551,135	$827K	0.07%	+51,135
PERFPERFECT CORP	419,133	$805K	0.07%	0	Timeline
NMTCNEUROONE MED TECHNOLOGIES CO	798,762	$791K	0.07%	-152,200	Timeline
KPRXKIORA PHARMACEUTICALS INC	211,110	$773K	0.07%	0	Timeline
RILYBRC GROUP HOLDINGS INC	136,174	$715K	0.06%	+112,198	Timeline
GOSSGOSSAMER BIO INC	672,856	$664K	0.06%	0	Timeline
IMMATICS N.VIMMATICS N.V	248,506	$572K	0.05%	0
APREAPREA THERAPEUTICS INC	205,760	$566K	0.05%	0	Timeline
IWMISHARES TR	2,331	$515K	0.04%	+815	Timeline
PLCECHILDRENS PL INC NEW	29,314	$454K	0.04%	new	Timeline
EWTXEDGEWISE THERAPEUTICS INC	13,371	$357K	0.03%	0	Timeline
LADRLADDER CAP CORP	25,631	$297K	0.03%	0	Timeline
EVOKE PHARMA INCEVOKE PHARMA INC	56,249	$268K	0.02%	new
BM TECHNOLOGIES INCBM TECHNOLOGIES INC	76,034	$259K	0.02%	0
FBIOFORTRESS BIOTECH INC	153,152	$221K	0.02%	0	Timeline
XGNEXAGEN INC	62,116	$192K	0.02%	+2,800	Timeline
KODKODIAK SCIENCES INC	68,857	$180K	0.02%	new	Timeline
LUCDLUCID DIAGNOSTICS INC	126,362	$103K	0.01%	0	Timeline
TACTTRANSACT TECHNOLOGIES INC	20,123	$97.8K	0.01%	0	Timeline
APTOSE BIOSCIENCES INCAPTOSE BIOSCIENCES INC	77,340	$31.8K	<0.01%	0
GFAIWGUARDFORCE AI CO LTD	154,205	$26.2K	<0.01%	0	Timeline
Renalytix PLCRenalytix PLC	117,644	$24.6K	<0.01%	0
LEMONADE INCLEMONADE INC	507,460	$16.2K	<0.01%	new
KINTARA THERAPEUTICS INCKINTARA THERAPEUTICS INC	79,766	$15.6K	<0.01%	new
TC BIOPHARM HOLDINGS PLCTC BIOPHARM HOLDINGS PLC	235,294	$4.28K	<0.01%	0
PERFECT CORPPERFECT CORP	16,075	$1.12K	<0.01%	new

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).

Security	Type	Amount	Value	Change
IWMISHARES TR SHS	put	1,850,000	$409M	+500,000
LLYELI LILLY & CO COM	put	90,000	$79.7M	-70,000
XBISPDR SERIES TRUST S&P BIOTECH	put	800,000	$79M	-400,000
LOPEGRAND CANYON ED INC Stock	put	400,000	$56.7M	0
SYKSTRYKER CORPORATION COM	put	120,000	$43.4M	new
PTONPELOTON INTERACTIVE INC CL A COM	call	8,289,700	$38.8M	+302,700
IMAXIMAX CORP COM	call	1,500,000	$30.8M	+500,000
KRYSKRYSTAL BIOTECH INC Stock	put	53,900	$9.81M	+50,000
ENVAENOVA INTL INC COM	call	109,000	$9.13M	0
CZRCAESARS ENTERTAINMENT INC NE COM	call	200,000	$8.35M	new
RDNWRIDENOW GROUP INC COM CL B	call	1,700,000	$8.14M	new
HLFHERBALIFE LTD COM SHS	call	800,000	$5.75M	0
EAGLE PHARMACEUTICALS INCEAGLE PHARMACEUTICALS INC COM	call	1,000,000	$3.73M	0
ABEOABEONA THERAPEUTICS INC COM NEW	call	520,000	$3.29M	0
TELATELA BIO INC COM	call	750,000	$1.9M	new
QUREUNIQURE NV SHS	call	201,000	$991K	-42,000

Sold out in Q3 2024

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

Security	Shares before	Value before	Type
IWMISHARES TR	300,000	$60.9M	call
AVADEL PHARMACEUTICALSAVADEL PHARMACEUTICALS	350,000	$4.92M	shares
DXPEDXP ENTERPRISES INC	103,206	$4.73M	shares
PWPPERELLA WEINBERG PARTNERS	265,474	$4.31M	shares
ENVAENOVA INTL INC	55,999	$3.49M	shares
CONNQCONNS INC	1,973,315	$2.18M	shares
NKLAQNIKOLA CORP	99,999	$819K	shares
CUTERA INCCUTERA INC	4,000,000	$694K	principal
EVOKE PHARMA INCEVOKE PHARMA INC	675,000	$357K	shares
ANTXAN2 THERAPEUTICS INC	98,278	$211K	shares

How Q3 2024 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).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001104659-24-118916	base		2024-11-14	acceptance time not in the bulk data set	2026-10-07 18:26:56 UTC