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
+26.64%
1 Year Est. Return
+8.03%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$375M
AUM Growth
+$162M
Cap. Flow
+$107M
Cap. Flow %
28.52%
Top 10 Hldgs %
61.02%
Holding
226
New
98
Increased
1
Reduced
32
Closed
64

Top Buys

Rank Stock Value
1
ACHR icon
Archer Aviation
ACHR
+$21.6M
2
NNE
Nano Nuclear Energy
NNE
+$10.3M
3
ALVO icon
Alvotech
ALVO
+$10.2M
4
NA
Nano Labs
NA
+$8.75M
5
AMSC icon
American Superconductor
AMSC
+$8.36M

Top Sells

Rank Stock Value
1
PLUG icon
Plug Power
PLUG
+$31.2M
2
FGMCU
FG Merger II Corp Unit
FGMCU
+$7.71M
3
JACS.U
Jackson Acquisition Co II Units
JACS.U
+$7.2M
4
HUMA icon
Humacyte
HUMA
+$6.86M
5
DMAAU
Drugs Made In America Acquisition Corp Units
DMAAU
+$6.58M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 22.43%
2 Financials 20.35%
3 Industrials 14.4%
4 Healthcare 9.48%
5 Technology 5.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AXINU
76
Axiom Intelligence Acquisition Corp 1 Units
AXINU
$191M
$505K 0.13%
+50,000
New +$504K
LWACU
77
LightWave Acquisition Corp Units
LWACU
$503K 0.13%
+50,000
New +$502K
BACCU
78
Blue Acquisition Corp Unit
BACCU
$502K 0.13%
+50,000
New +$503K
NTWO
79
Newbury Street II Acquisition Corp
NTWO
$259M
$457K 0.12%
+44,400
New +$452K
CHAR
80
Charlton Aria Acquisition Corp
CHAR
$116M
$411K 0.11%
+40,000
New +$407K
ISOU
81
IsoEnergy Ltd
ISOU
$664M
$411K 0.11%
+57,500
New +$407K
NOEM
82
CO2 Energy Transition Corp
NOEM
$104M
$404K 0.11%
+40,000
New +$400K
RDAC
83
Rising Dragon Acquisition Corp
RDAC
$36.4M
$402K 0.11%
39,000
-1,000
-3% -$10.2K
ANSC
84
Agriculture & Natural Solutions Acquisition Corp
ANSC
$476M
$385K 0.1%
35,482
– –
CLGN icon
85
CollPlant Biotechnologies
CLGN
$6.25M
$377K 0.1%
+275,082
New +$570K
WLAC
86
DELISTED
Willow Lane Acquisition Corp
WLAC
$358K 0.1%
+35,000
New +$354K
CCIX
87
DELISTED
Churchill Capital Corp IX
CCIX
$352K 0.09%
33,475
-15,425
-32% -$168K
CCAQU
88
Collective Acquisition Corp Units
CCAQU
$306K 0.08%
+30,000
New +$303K
POLE
89
Andretti Acquisition Corp II
POLE
$319M
$276K 0.07%
26,600
– –
YHNA
90
YHN Acquisition I Ltd
YHNA
$46.9M
$269K 0.07%
26,000
-3,000
-10% -$30.8K
ADSE icon
91
PUT
ADS-TEC Energy
ADSE
$879M
$262K 0.07%
+19,000
New +$236K
TVA
92
Texas Ventures Acquisition III Corp
TVA
$316M
$261K 0.07%
+25,900
New +$260K
CTXR icon
93
Citius Pharmaceuticals
CTXR
$17.6M
$254K 0.07%
+159,898
New +$146K
HSPT
94
DELISTED
Horizon Space Acquisition II Corp
HSPT
$205K 0.05%
+20,000
New +$203K
JACS.RT
95
Jackson Acquisition Co II Rights
JACS.RT
$196K 0.05%
+700,000
New +$172K
USAR
96
PUT
USA Rare Earth Inc
USAR
$4.26B
$168K 0.04%
+15,300
New +$162K
EURK
97
Eureka Acquisition Corp
EURK
$26M
$161K 0.04%
15,400
– –
FGMCR
98
DELISTED
FG Merger II Corp Rights
FGMCR
$143K 0.04%
+716,784
New +$149K
FERAR
99
Fifth Era Acquisition Corp I Rights
FERAR
$87.4K 0.02%
+310,687
New +$69.1K
GROY.WS icon
100
Gold Royalty Corp Warrants
GROY.WS
$157M
$87.3K 0.02%
249,397
– –
2 3
4
5 6

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 Q2 2025 Portfolio in Review

As of Q2 2025, Heights Capital Management held 226 positions worth $375M, up 76% from $213M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Heights Capital Management deployed $107M of net new capital in Q2 2025, opening 98 new positions and adding to 1 existing holding. Its largest new stake was Archer Aviation: 2,312,285 shares worth $25.1M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 22% of assets, down from 32% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Senti Biosciences Holdings, an estimated $1.17M trimmed.

  • Heights Capital Management's largest Q2 2025 buy was Archer Aviation: 2,312,285 shares worth $25.1M.
  • Heights Capital Management's biggest Q2 2025 reduction was Senti Biosciences Holdings, cutting an estimated $1.17M.
  • Heights Capital Management fully exited Plug Power in Q2 2025, selling an estimated $31.2M.
  • Heights Capital Management's ten largest holdings make up 61% of its $375M portfolio in Q2 2025.
  • Heights Capital Management opened 98 new positions and closed 64 in Q2 2025.
  • Heights Capital Management's portfolio value rose 76% quarter-over-quarter to $375M.

Based on Heights Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.