22NW, LP
Portfolio value QoQ: -28.3% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 1.1% Est. buys $1,378,133 · sells $42,858,564
Median holding: 4.0 quarters Tracked Q1 2025–Q2 2026 · 45.2% still held
Sector breakdown
Full portfolio 14 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| NSP | $20,365,830 | 19.45% | 493,000 | $7,035,110 | |||
| NKTR | $19,624,638 | 18.75% | 281,115 | $-601,586 | |||
| SRI | $18,058,257 | 17.25% | 2,466,975 | $6,142,768 | |||
| FOXF | $11,491,506 | 10.98% | 678,165 | $328,910 | |||
| CMT | $6,455,096 | 6.17% | 273,521 | $1,465,765 | Up ×1 | ||
| RGNX | $5,903,253 | 5.64% | 492,759 | $1,773,933 | |||
| CULP | $5,763,089 | 5.51% | 1,859,061 | $669,262 | |||
| RZLT | $4,267,396 | 4.08% | 820,653 | $1,764,404 | |||
| UFI | $4,049,161 | 3.87% | 852,455 | $1,005,897 | |||
| MLYS | $3,071,403 | 2.93% | 113,840 | $-8,965,361 | Down ×1 | ||
| TISI | $2,940,831 | 2.81% | 170,187 | $228,050 | |||
| ELDN | $2,507,274 | 2.40% | 636,364 | $547,273 | |||
| TBCH | $179,654 | 0.17% | 14,430 | Up ×1 | |||
| LFCR | $6,220 | 0.01% | 1,254 | $-18,860,081 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| TBCH | $179,654 | 14,430 | 0.17% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| MLYS | Trimmed | -330K | -$9.0M |
| NSP | Price move only | +0 | +$7.0M |
| SRI | Price move only | +0 | +$6.1M |
| RGNX | Price move only | +0 | +$1.8M |
| RZLT | Price move only | +0 | +$1.8M |
| CMT | Bought more | +51K | +$1.5M |
| UFI | Price move only | +0 | +$1.0M |
| CULP | Price move only | +0 | +$669K |
| NKTR | Price move only | +0 | -$602K |
| ELDN | Price move only | +0 | +$547K |
1 position hidden — reported move looks larger than the position itself (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| ANEB | March 31, 2026 | 15,467,300 | $84,760,804 | No longer tracked |
| FSTR | June 30, 2026 | 1,067,186 | $29,774,489 | -17.5% |
| STRL | June 30, 2025 | 99,783 | $11,296,433 | 131.2% |
| MEC | March 31, 2026 | 414,280 | $7,755,322 | -8.4% |
| DHX | Dec. 31, 2025 | 2,036,988 | $5,662,827 | 210.3% |
| BBSI | June 30, 2025 | 132,452 | $5,450,400 | -26.8% |
| MGTX | March 31, 2026 | 586,519 | $4,662,826 | 24.6% |
| AEBI | Dec. 31, 2025 | 347,840 | $4,337,565 | -13.8% |
| ARVN | Sept. 30, 2025 | 413,533 | $3,043,603 | -13.0% |
| FARM | June 30, 2026 | 1,955,526 | $2,483,518 | No longer tracked |
| CMPS | Sept. 30, 2025 | 882,844 | $2,471,963 | 107.7% |
| KROS | June 30, 2025 | 179,000 | $1,824,010 | -14.9% |
| PFX | June 30, 2026 | 43,115 | $1,684,072 | 5.5% |
| SSKN | March 31, 2026 | 536,995 | $676,614 | No longer tracked |
| PMD | June 30, 2025 | 276,034 | $643,159 | No longer tracked |
| PMDI | March 31, 2026 | 276,034 | $441,654 | No longer tracked |