We are live on ! Find out more
HCM

Heights Capital Management Portfolio holdings

AUM $359M
1-Year Est. Return 8.03%
This Fund
S&P 500
This Quarter Est. Return
-0.63%
1 Year Est. Return
+8.03%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$351M
AUM Growth
-$23.7M
Cap. Flow
-$24.8M
Cap. Flow %
-7.07%
Top 10 Hldgs %
54.1%
Holding
234
New
72
Increased
–
Reduced
46
Closed
52

Top Buys

Rank Stock Value
1
IBRX icon
ImmunityBio
IBRX
+$16.9M
2
DFDV
DeFi Development Corp
DFDV
+$10.7M
3
EMPD
Empery Digital
EMPD
+$9.04M
4
ABSI icon
Absci
ABSI
+$5.53M
5
AVX
Avax One Technology Ltd
AVX
+$5.35M

Top Sells

Rank Stock Value
1
ACHR icon
Archer Aviation
ACHR
+$25.1M
2
AMSC icon
American Superconductor
AMSC
+$12.5M
3
ALVO icon
Alvotech
ALVO
+$9.95M
4
NA
Nano Labs
NA
+$7.91M
5
ADCT icon
ADC Therapeutics
ADCT
+$7.9M

Sector Composition

Rank Sector Weight
1 Financials 30.19%
2 Consumer Discretionary 23.43%
3 Healthcare 10.5%
4 Industrials 5.85%
5 Technology 1.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OTLY
51
Oatly Group
OTLY
$438M
$1.48M 0.42%
+91,239
New +$1.47M
UPXI icon
52
Upexi
UPXI
$62.5M
$1.44M 0.41%
+250,000
New +$1.52M
ADCT icon
53
ADC Therapeutics
ADCT
$144M
$1.31M 0.37%
326,766
-2,506,095
-88% -$7.9M
GTERU
54
Globa Terra Acquisition Corp Units
GTERU
$1.28M 0.36%
+125,000
New +$1.27M
GSRFU
55
GSR IV Acquisition Corp Units
GSRFU
$1.27M 0.36%
+125,000
New +$1.26M
TACH
56
Titan Acquisition Corp
TACH
$361M
$1.21M 0.35%
120,000
– –
TACO
57
Berto Acquisition Corp
TACO
$392M
$1.04M 0.3%
+100,000
New +$1.04M
IPEX
58
Inflection Point Acquisition Corp V
IPEX
$126M
$1.02M 0.29%
100,000
– –
SVACU
59
DELISTED
Spring Valley Acquisition Corp III Unit
SVACU
$1.02M 0.29%
+97,950
New +$991K
SSEAU
60
Starry Sea Acquisition Corp Unit
SSEAU
$1.01M 0.29%
+100,000
New +$1.01M
INACU
61
Indigo Acquisition Corp Unit
INACU
$1.01M 0.29%
+100,000
New +$1.01M
FIGXU
62
FIGX Capital Acquisition Corp Units
FIGXU
$140M
$1.01M 0.29%
100,000
– –
WTG
63
Wintergreen Acquisition Corp
WTG
$76.5M
$1.01M 0.29%
+100,000
New +$1M
PACHU
64
Pioneer Acquisition I Corp Units
PACHU
$1M 0.29%
100,000
– –
DTSQ
65
DT Cloud Star Acquisition Corp
DTSQ
$41.1M
$1M 0.29%
95,695
-4,305
-4% -$44.9K
MKLYU
66
McKinley Acquisition Corp Units
MKLYU
$999K 0.28%
+100,000
New +$999K
FTW
67
Presidio Production Co
FTW
$338M
$971K 0.28%
93,574
– –
DYCQ
68
DELISTED
DT Cloud Acquisition Corp
DYCQ
$942K 0.27%
85,207
-4,993
-6% -$54.9K
CUB
69
Lionheart Holdings
CUB
$284M
$714K 0.2%
67,952
-31,290
-32% -$328K
MACI
70
Melar Acquisition Corp I
MACI
$236M
$676K 0.19%
64,366
-35,633
-36% -$374K
TAVI
71
Tavia Acquisition Corp
TAVI
$170M
$672K 0.19%
65,000
– –
PGAC
72
Pantages Capital Acquisition Corp
PGAC
$668K 0.19%
65,000
– –
GSRT
73
DELISTED
GSR III Acquisition Corp
GSRT
$631K 0.18%
60,900
– –
ASPC
74
A SPAC III Acquisition Corp
ASPC
$24.8M
$621K 0.18%
60,000
– –
FACT
75
FACT II Acquisition Corp
FACT
$260M
$618K 0.18%
60,000
– –
1 2
3
4 5

Similar funds

SPM
Symmetry Peak Management Radnor, Pennsylvania $359M AUM 146.87% 1-Year Est. Return
LSWP
Liberty Square Wealth Partners Bethlehem, Pennsylvania $358M AUM 17% 1-Year Est. Return
NI
NFC Investments Memphis, Tennessee $359M AUM 11.31% 1-Year Est. Return
GM
Granger Management New York $358M AUM 18.36% 1-Year Est. Return
RIP
Rhino Investment Partners West Conshohocken, Pennsylvania $359M AUM 22.33% 1-Year Est. Return
KLWA
Kelly Lawrence W & Associates Pasadens, California $360M AUM 16.9% 1-Year Est. Return
NC
Naman Capital Sao Paulo, Brazil $360M AUM 27.43% 1-Year Est. Return
RM
Rudius Management New York $358M AUM 12.23% 1-Year Est. Return

Heights Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Heights Capital Management held 234 positions worth $351M, down 6.3% from $375M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Heights Capital Management withdrew a net $24.8M in Q3 2025, closing 52 positions and reducing 46 holdings. Its most notable exit was Archer Aviation, an estimated $25.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Heights Capital Management opened a new position in ImmunityBio worth $16.2M.

  • Heights Capital Management's largest Q3 2025 buy was ImmunityBio: 6,565,709 shares worth $16.2M.
  • Heights Capital Management's biggest Q3 2025 reduction was Nano Labs, cutting an estimated $7.91M.
  • Heights Capital Management fully exited Archer Aviation in Q3 2025, selling an estimated $25.1M.
  • Heights Capital Management's ten largest holdings make up 54% of its $351M portfolio in Q3 2025.
  • Heights Capital Management opened 72 new positions and closed 52 in Q3 2025.
  • Heights Capital Management's portfolio value fell 6.3% quarter-over-quarter to $351M.

Based on Heights Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.