Delcath Systems
DCTH
119 hedge funds and large institutions have $173M invested in Delcath Systems in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 43 increasing their positions, 35 reducing their positions, and 19 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 35
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
3.15% less ownership
Funds ownership: 51.65% → 48.5% (-3.2%)
4% less funds holding
Funds holding: 124 → 119 (-5)
10% less capital invested
Capital invested by funds: $192M → $173M (-$19.2M)
64% less call options, than puts
Call options by funds: $994K | Put options by funds: $2.74M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$3.14M |
| 2 |
LG
Lane Generational
Dover,
Massachusetts
|
+$1.97M |
| 3 |
AG
Algert Global
San Francisco,
California
|
+$1.71M |
| 4 |
RA
Royce & Associates
New York
|
+$1.54M |
| 5 |
PWAC
Private Wealth Advisors (California)
Fresno,
California
|
+$1.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$7.16M |
| 2 |
VC
Vivo Capital
Palo Alto,
California
|
-$6.12M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$2.63M |
| 4 |
SCM
Silverarc Capital Management
Boston,
Massachusetts
|
-$2.19M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$2.1M |
DCTH Hedge Fund Activity: Q4 2025 in Review
119 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Delcath Systems (DCTH) for Q4 2025, worth a combined $173M — down 10% from $192M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of DCTH and 18 opened new positions — a net loss of 1 holder — while 35 trimmed existing stakes and 43 added.
The largest buyer was Goldman Sachs, adding an estimated $3.14M. The largest seller was Nantahala Capital Management, exiting entirely with an estimated $7.16M sold.
- 119 institutional investors held Delcath Systems (DCTH) as of Q4 2025, down from 124 in Q3 2025.
- Funds reported $173M of Delcath Systems stock for Q4 2025, down 10% quarter-over-quarter.
- 18 funds opened new Delcath Systems positions in Q4 2025 and 19 closed out, a net change of -1 holder.
- The largest Delcath Systems buyer in Q4 2025 was Goldman Sachs, an estimated $3.14M added.
- The largest Delcath Systems seller in Q4 2025 was Nantahala Capital Management, an estimated $7.16M sold.
Based on aggregated 13F filings for Q4 2025.