HEIGHTS CAPITAL MANAGEMENT, INC

Q3 2025 13F-HR Holdings

Location
San Francisco, CA
Holdings as of
9/30/2025
Date filed
11/18/2025
Form type
13F-HR - RESTATEMENT
Num holdings
182
Total value ($000)
$351,004
Net value change ($000)
-23,703 (-6.3%)
New positions
56
Sold out positions
36
Turnover %
73.3%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IBRX 16,152 NEW
DFDV 8,976 NEW
EMPD 7,520 NEW
ABSI 6,081 NEW
MBAV 5,275 NEW
DMII 5,165 NEW
KCHV 5,015 NEW
NMP 4,550 NEW
AVX 4,225 NEW
EMIS 3,493 NEW
Top Reduces (Value $000, Stocks/ETFs)
ACHR -25,088 -100.0%
NA -12,763 -95.5%
AMSC -12,478 -100.0%
ALVO -9,947 -100.0%
FLUT -9,343 -11.1%
ONDS -7,383 -100.0%
ADCT -6,285 -82.8%
KCHV -5,088 -100.0%
BMEA -4,007 -58.0%
KTOS -3,484 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 36,408 (10.4% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type