NANTAHALA CAPITAL MANAGEMENT, LLC

other names
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Adviser Profile
As of Date 05/29/2024
Adviser Type - Large advisory firm
Number of Employees 14 -12.50%
of those in investment advisory functions 6 -14.29%
Registration SEC, Approved, 6/24/2011
AUM* 2,283,111,910 -7.59%
of that, discretionary 2,283,111,910 -7.59%
Private Fund GAV* 2,008,383,012 -14.56%
Avg Account Size 207,555,628 9.22%
SMA’s No
Private Funds 6 2
Contact Info 203 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- Charitable organizations

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
4B 4B 3B 2B 2B 1B 597M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count6 GAV$2,008,383,012

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker464287655 Stock NameISHARES TR (PUT) $ Position$273,901,500 % Position16.00% $ Change-4.00% # Change0.00%
Stck Ticker532457108 Stock NameELI LILLY & CO (PUT) $ Position$144,860,800 % Position8.00% $ Change86.00% # Change60.00%
Stck TickerG31249108 Stock NameESTABLISHMENT LABS HLDGS INC $ Position$114,183,904 % Position7.00% $ Change14.00% # Change28.00%
Stck Ticker834203309 Stock NameSOLENO THERAPEUTICS INC $ Position$125,749,966 % Position7.00% $ Change22.00% # Change28.00%
Stck Ticker78464A870 Stock NameSPDR SER TR (PUT) $ Position$111,252,000 % Position7.00% $ Change-38.00% # Change-37.00%
Stck Ticker464287655 Stock NameISHARES TR (CALL) $ Position$60,867,000 % Position4.00% $ Change # Change
Stck Ticker38526M106 Stock NameGRAND CANYON ED INC (PUT) $ Position$55,964,000 % Position3.00% $ Change3.00% # Change0.00%
Stck Ticker30052C107 Stock NameEVOLUS INC $ Position$31,582,712 % Position2.00% $ Change-22.00% # Change0.00%
Stck Ticker09075A108 Stock NameBIOVENTUS INC $ Position$30,695,306 % Position2.00% $ Change2.00% # Change-8.00%
Stck Ticker43283X105 Stock NameHILTON GRAND VACATIONS INC $ Position$27,042,455 % Position2.00% $ Change-14.00% # Change0.00%

Brochure Summary

Overview

A. Description of the Advisory Firm Nantahala Capital Management, LLC, a Massachusetts limited liability company, is the investment manager to the Clients, as defined below. Nantahala was organized in May 2004. Wilmot B. Harkey and Daniel J. Mack are the principal owners and Managing Members of Nantahala. B. Types of Advisory Services Nantahala provides investment advice and management to privately placed investment funds including limited partnerships (the “Partnerships”) and non-U.S. companies or limited partnerships of which Nantahala is the investment manager (the “Offshore Funds,” jointly with the Partnerships, the “Funds”). The Offshore Funds pursue their investment activities by investing all their assets in the Partnerships in a mini-master structure. Nantahala’s clients also include separately managed accounts and funds of one (“Separate Accounts”), primarily for other pooled investment vehicles. The Funds and Separate Accounts are jointly referred to herein as “Clients.” Nantahala utilizes a long-term fundamental value investing methodology with a primary focus on small to mid-sized U.S. companies. The Clients’ investment objectives are generally to seek strong and consistent risk-adjusted returns. Nantahala focuses on investments in equity, fixed-income, and equity-derivative securities. Nantahala will, however, invest in other asset classes of securities as opportunities arise. Nantahala intends to achieve the Clients’ objectives through value-oriented securities selection and
disciplined risk management, holding long and short positions while, within certain investment strategies, generally seeking to maintain near market-neutral exposure to certain risk factors. While Nantahala follows the same investment approach for most Clients, some individual Clients follow strategies that have differing or more limited focuses, more concentrated investments in companies that are in Nantahala’s primary strategy portfolios, or differing approaches to risk management. Some Clients are offering interests (the “Interest(s)”) to certain qualified investors as described in response to Item 7, below (such investors or prospective limited partners are referred to herein as “Investors”). C. Client Tailored Services and Client Imposed Restrictions Advisory services are tailored to achieve the Clients’ investment objectives. Generally, Nantahala has the authority to select which and how many securities and other instruments to buy or sell without consultation with the Clients or their Investors. Arrangements with Separate Accounts may vary. D. Wrap Fee Programs Nantahala does not participate in wrap-fee programs. E. Amounts Under Management Nantahala's assets under management (AUM) based on the net asset value of its Funds and Separate Accounts as of December 31, 2023 were approximately: Discretionary Amounts: Non-Discretionary Amounts: Date Calculated: $ 1,002,544,551 $0 December 31, 2023 Nantahala’s calculated AUM figure does not include committed but uncalled capital.