We are live on
!
Find out more
NCM
Nantahala Capital Management Portfolio holdings
AUM
$3.01B
1-Year Est. Return
119.46%
This Fund
S&P 500
This Quarter
Est. Return
+41.13%
1 Year Est. Return
+119.46%
3 Year Est. Return
+340.9%
5 Year Est. Return
+347.01%
10 Year Est. Return
+3,143.27%
AUM
$3.25B
AUM Growth
+$548M
(+20%)
Cap. Flow
-$167M
Cap. Flow
% of AUM
-5.14%
Top 10 Holdings %
Top 10 Hldgs %
55.94%
Holding
98
New
6
Increased
21
Reduced
21
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRG
Franchise Group, Inc.
FRG
|
+$32.6M |
| 2 |
SLNO
Soleno Therapeutics
SLNO
|
+$7.3M |
| 3 |
SCPL
SciPlay Corporation Class A Common Stock
SCPL
|
+$7.29M |
| 4 |
PRTY
Party City Holdco Inc.
PRTY
|
+$6.17M |
| 5 |
Wayfair
W
|
+$5.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RH
RH
|
+$69.8M |
| 2 |
ARQL
Arqule Inc
ARQL
|
+$40.8M |
| 3 |
uniQure
QURE
|
+$35M |
| 4 |
Tenet Healthcare
THC
|
+$27M |
| 5 |
AABA
Altaba Inc
AABA
|
+$17.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 54.15% |
| 2 | Healthcare | 20.19% |
| 3 | Consumer Discretionary | 7.94% |
| 4 | Industrials | 6.33% |
| 5 | Financials | 5.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$76.9B
| $721M | 22.2% |
4,350,000
+1,650,000
| +61% | +$261M |
|
2
PUT
State Street SPDR S&P Biotech ETF
XBI
$10.4B
| $214M | 6.59% |
2,250,000
+1,350,000
| +150% | +$117M |
|
|
LNW
3
CALL
DELISTED
Light & Wonder
LNW
| $160M | 4.94% |
5,990,400
| – | – |
|
4
CALL
Carvana
CVNA
$48.2B
| $143M | 4.4% |
7,753,500
-9,000
| -0.1% | -$151K |
|
|
ARQL
5
DELISTED
Arqule Inc
ARQL
| $131M | 4.02% |
6,544,347
-3,515,758
| -35% | -$40.8M |
|
|
6
CALL
Tenet Healthcare
THC
$21B
| $98.8M | 3.04% |
2,599,000
-530,000
| -17% | -$15.9M |
|
|
7
uniQure
QURE
$2.99B
| $95.4M | 2.94% |
1,331,838
-637,000
| -32% | -$35M |
|
8
Codexis
CDXS
$153M
| $85.8M | 2.64% |
5,363,484
| – | – |
|
9
Marriott Vacations Worldwide
VAC
$3.48B
| $84.8M | 2.61% |
658,262
| – | – |
|
|
10
CALL
uniQure
QURE
$2.99B
| $82.8M | 2.55% |
1,155,000
-810,000
| -41% | -$44.5M |
|
11
Pathward Financial
CASH
$1.65B
| $65.7M | 2.02% |
1,799,727
| – | – |
|
12
DXP Enterprises
DXPE
$2.79B
| $63.8M | 1.97% |
1,602,433
| – | – |
|
|
QADA
13
DELISTED
QAD Inc.
QADA
| $63.7M | 1.96% |
1,250,722
| – | – |
|
14
CALL
Stellantis
STLA
$14.8B
| $61.3M | 1.89% |
4,170,000
-1,650,000
| -28% | -$23.9M |
|
|
15
CALL
RH
RH
$2.36B
| $57.5M | 1.77% |
269,500
-45,500
| -14% | -$8.88M |
|
16
PUT
HCA Healthcare
HCA
$91.8B
| $47.3M | 1.46% |
320,000
| – | – |
|
|
GDEN
17
DELISTED
Golden Entertainment
GDEN
| $47.1M | 1.45% |
2,449,713
| – | – |
|
|
CZR
18
CALL
DELISTED
Caesars Entertainment Corporation
CZR
| $45.3M | 1.4% |
3,331,000
| – | – |
|
19
Luxfer Holdings
LXFR
$460M
| $45M | 1.39% |
2,432,531
-169,218
| -7% | -$2.91M |
|
|
FRG
20
DELISTED
Franchise Group, Inc.
FRG
| $43.7M | 1.35% |
+1,910,247
| New | +$32.6M |
|
21
Akebia Therapeutics
AKBA
$250M
| $42.6M | 1.31% |
6,737,120
+947,559
| +16% | +$4.5M |
|
|
22
Tenet Healthcare
THC
$21B
| $41.9M | 1.29% |
1,101,914
-900,000
| -45% | -$27M |
|
|
LNW
23
DELISTED
Light & Wonder
LNW
| $38.2M | 1.18% |
1,427,465
-9,702
| -0.7% | -$250K |
|
|
EXAS
24
PUT
DELISTED
Exact Sciences
EXAS
| $37.7M | 1.16% |
408,000
-966,200
| -70% | -$84.9M |
|
25
Dolby
DLB
$5.65B
| $35.9M | 1.11% |
521,693
| – | – |
|
Similar funds
MYLI
SIC
HFM
EGA
HP
ECP
SI
BCM
Nantahala Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Nantahala Capital Management held 98 positions worth $3.25B, up 20% from $2.7B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Nantahala Capital Management withdrew a net $167M in Q4 2019, closing 11 positions and reducing 21 holdings. Its most notable exit was Altaba Inc, an estimated $17.2M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 54% of assets, up from 50% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Nantahala Capital Management opened a new position in Franchise Group, Inc. worth $43.7M.
- Nantahala Capital Management's largest Q4 2019 buy was Franchise Group, Inc.: 1,910,247 shares worth $43.7M.
- Nantahala Capital Management added most to SciPlay Corporation Class A Common Stock in Q4 2019, an estimated $7.29M increase.
- Nantahala Capital Management's biggest Q4 2019 reduction was RH, cutting an estimated $69.8M.
- Nantahala Capital Management fully exited Altaba Inc in Q4 2019, selling an estimated $17.2M.
- Nantahala Capital Management's ten largest holdings make up 56% of its $3.25B portfolio in Q4 2019.
- Nantahala Capital Management opened 6 new positions and closed 11 in Q4 2019.
- Nantahala Capital Management's portfolio value rose 20% quarter-over-quarter to $3.25B.
Based on Nantahala Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.