Equal-WT
WhaleScore 2.0
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Nantahala Capital Management is based out of New Canaan. Nantahala Capital Management is a hedge fund with 11 clients and discretionary assets under management (AUM) of $2,283,111,910 (Form ADV from 2024-05-29). Their last reported 13F filing for Q4 2024 included $2,328,640,133 in managed 13F securities
and a top 10 holdings concentration of 55.33%. Nantahala Capital Management's largest holding is iShares Russell 2000 ETF with shares held of 2,400,000. Whalewisdom has at least 56 13F filings, 42 13D filings, 501 13G filings, and 16 Form 4 filings
Investment Strategy
Nantahala employs a long-term fundamental value investing methodology, primarily focusing on small to mid-sized U.S. companies. They invest in equity, fixed-income, and equity-derivative securities, and may also explore other asset classes as opportunities arise. The firm aims for strong, consistent risk-adjusted returns through value-oriented securities selection and disciplined risk management, often holding both long and short positions while seeking near market-neutral exposure to certain risk factors within specific investment strategies.
Nantahala's portfolio risk management is designed to protect against large and unpredictable market moves through balancing undesired risks, maintaining large margins of safety, diversification, long optionality, and carefully managed leverage. They also utilize various hedging methodologies to mitigate risks associated with client portfolios. Some client accounts, known as "Overflow Accounts," invest solely in a limited number of securities after other clients have reached their target position sizes.
Known Email Addresses
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Other Contact Information
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2024-12-31
Top Buys (13F)
| Name | % Change |
|---|---|
| IWM iShares Russell 2000 (PUT) | 2.1% |
| HGV Hilton Grand Vacatio | 1.52% |
| LLY Lilly(Eli) & Co (PUT) | 1.27% |
| IWM iShares Russell 2000 | 0.9% |
| SVC Service Properties T | 0.88% |
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| LOPE Grand Canyon Educati (PUT) | 2.87% |
| ESTA Establishment Labs H | 1.89% |
| IMAX IMAX Corp (CALL) | 1.28% |
| BVS Bioventus Inc | 0.81% |
| PWSC PowerSchool Holdings | 0.68% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| IWM iShares Russell 2000(PUT) | 22.77% |
| SLNO Soleno Therapeutics | 7.58% |
| LLY Lilly(Eli) & Co(PUT) | 5.3% |
| XBI SPDR Biotech ETF(PUT) | 4.83% |
| ESTA Establishment Labs H | 3.27% |
2024-12-31
13F Activity
| Market Value | $2.33b, Prior: $1.98b |
| Inflows (Outflows) as % of Total MV | +9.8588% |
| New Purchases | 17 stocks |
| Added To | 45 stocks |
| Sold out of | 20 stocks |
| Reduced holdings in | 31 stocks |
| Top 10 Holdings % | 55.33% |
| Turnover %[1] | 23.57% |
| Turnover Alt %[2] | 11.43% |
| Time Held Top 20 | 6.7 quarters |
| Time Held Top 10 | 8.2 quarters |
| Time Held All | 7.8 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-12-31
13F Sector Allocation Over Time
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2024-12-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31