22nw, LP 13F Filings Tracker & Analysis

CIK: 0001694297

ContrarianHigh-turnover traderQuality / disciplined sizing

Total reported value

$145.9M

Reporting period: 2026-03-31 · Number of holdings: 16

22NW, LP disclosed 16 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $145.9M and a quarterly turnover rate of 78.5%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "0-9"

Personality snowflake

Concentration: 44.05
Portfolio Stability: 78.52
Momentum/Contrarian: 0
Sector conviction: 0
Diversification: 32
Sizing Uniformity: 90.99

Sector classification currently covers about 0% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Add NKTR
-15.1%　$6.2M
Add NSP
+411.9%　$9.6M
Add FSTR
-10.4%　-$2.3M
Add LFCR
0.0%　-$4.2M
Add SRI
+12.5%　-$780.6K
Add MLYS
+24.0%　-$966.9K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	FSTR	Foster (lb) Co-a	Stock-Other	20.41%	+6.90%	-10.40%
2	NKTR	Nektar Therapeutics	Stock-Other	13.86%	+7.97%	-15.10%
3	LFCR	Lifecore Biomedical INC	Stock-Other	12.93%	+3.24%	—
4	NSP	Insperity INC	Stock-Other	9.14%	+7.57%	+411.94%
5	MLYS	Mineralys Therapeutics INC	Stock-Other	8.25%	+2.78%	+24.00%
6	SRI	Stoneridge INC	Stock-Other	8.17%	+2.83%	+12.51%
7	FOXF	Fox Factory Holding CORP	Stock-Other	7.65%	+7.65%	NEW
8	CULP	Culp INC	Stock-Other	3.49%	+0.70%	—
9	CMT	Core Molding Technologies In	Stock-Other	3.42%	+1.54%	—
10	RGNX	Regenxbio INC	Stock-Other	2.83%	-2.77%	-46.65%
11	UFI	Unifi INC	Stock-Other	2.09%	+0.83%	—
12	TISI	Team INC	Stock-Other	1.86%	+0.85%	—
13	RZLT	Rezolute INC	Stock-Other	1.72%	+0.90%	—
14	FB1	Farmer Bros Co	Stock-Other	1.70%	+0.50%	—
15	ELDN	Eledon Pharmaceuticals INC	Stock-Other	1.34%	+0.94%	—
16	PFX	Phenixfin CORP	Stock-Other	1.15%	-1.04%	-63.43%

Portfolio Performance

Performance for Q3 2026

+18.1%

Performance Last 4 Quarters

+17.5%

Based on 74% of reported portfolio value with available pricing

Stdev: +34.4%
Beta: +0.98
Alpha: +13.9%
Max Drawdown: -24.7%
Annualized Perf: +29.9%
Batting Avg vs S&P: +55.6%
Sortino: +1.77
Stutzer: +0.27
Treynor: +0.33
Sterling: +1.06
Calmar: +1.21
Information Ratio: +0.43
Tracking Error: +31.9%
Stdev Down: +18.1%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +68.2%
Worst 12 Months: -12.9%
Efficiency Ratio: +0.43
Sharpe: +0.93
Stdev Sectors: —
Skewness: +0.14
Kurtosis: +0.06
Upside Potential: +3.45

Reported value over time

Sector allocation

Not enough sector-mapped data yet

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	16	$145.9M	79	1FSTR 2NKTR 3LFCR Top holdings2026-03-31 1.FSTR 2.NKTR 3.LFCR 4.NSP 5.MLYS 6.SRI 7.FOXF 8.CULP 9.CMT 10.RGNX
2025-12-31	20	$237.6M	42	1ANEB 2FSTR 3LFCR Top holdings2025-12-31 1.ANEB 2.FSTR 3.LFCR 4.NKTR 5.RGNX 6.MLYS 7.SRI 8.MEC 9.CULP 10.PFX
2025-09-30	21	$212.3M	73	1ANEB 2FSTR 3LFCR Top holdings2025-09-30 1.ANEB 2.FSTR 3.LFCR 4.NKTR 5.SRI 6.MLYS 7.RGNX 8.CULP 9.RZLT 10.DHX
2025-06-30	21	$158.8M	0	1FSTR 2LFCR 3ANEB Top holdings2025-06-30 1.FSTR 2.LFCR 3.ANEB 4.SRI 5.DHX 6.RGNX 7.MLYS 8.CULP 9.PFX 10.UFI
2025-03-31	20	$149.1M	100	1LFCR 2FSTR 3ANEB Top holdings2025-03-31 1.LFCR 2.FSTR 3.ANEB 4.STRL 5.CULP 6.SRI 7.MLYS 8.PFX 9.BBSI 10.RGNX
2024-12-31	16	$158.5M	0	1FSTR 2LFCR 3ANEB Top holdings2024-12-31 1.FSTR 2.LFCR 3.ANEB 4.STRL 5.BBSI 6.CULP 7.PFX 8.DHX 9.FB1 10.MTW
2024-09-30	13	$119.3M	0	1FSTR 2LFCR 3STRL Top holdings2024-09-30 1.FSTR 2.LFCR 3.STRL 4.CULP 5.ANEB 6.BBSI 7.PFX 8.DHX 9.FB1 10.LNTH
2024-06-30	13	$117.2M	0	1FSTR 2LFCR 3ANEB Top holdings2024-06-30 1.FSTR 2.LFCR 3.ANEB 4.STRL 5.BBSI 6.CULP 7.PFX 8.FB1 9.DHX 10.MTW
2024-03-31	13	$116.1M	0	1FSTR 2ANEB 3STRL Top holdings2024-03-31 1.FSTR 2.ANEB 3.STRL 4.LFCR 5.BBSI 6.ONL 7.FB1 8.CULP 9.PFX 10.MTW
2023-12-31	14	$153.5M	0	1STRL 2FSTR 3ONL Top holdings2023-12-31 1.STRL 2.FSTR 3.ONL 4.ANEB 5.LFCR 6.LIANY 7.BBSI 8.CULP 9.FB1 10.MTW
2023-09-30	14	$140.3M	0	1STRL 2FSTR 3ONL Top holdings2023-09-30 1.STRL 2.FSTR 3.ONL 4.ANEB 5.LFCR 6.BBSI 7.CULP 8.COIN 9.MTW 10.FB1
2023-06-30	14	$160.1M	0	1STRL 2ONL 3FSTR Top holdings2023-06-30 1.STRL 2.ONL 3.FSTR 4.LFCR 5.BBSI 6.ANEB 7.MTW 8.CULP 9.COIN 10.DRTTF
2023-03-31	17	$162.7M	0	1ONL 2STRL 3BBSI Top holdings2023-03-31 1.ONL 2.STRL 3.BBSI 4.ANEB 5.FSTR 6.MTW 7.DRTTF 8.MED 9.FB1 10.LFCR
2022-12-31	19	$185.2M	0	1ONL 2STRL 3BBSI Top holdings2022-12-31 1.ONL 2.STRL 3.BBSI 4.MCFT 5.ANEB 6.MACKEUR 7.LFCR 8.MED 9.FSTR 10.DRTTF
2022-09-30	20	$176.8M	0	1ONL 2AGYS 3LFCR Top holdings2022-09-30 1.ONL 2.AGYS 3.LFCR 4.ANEB 5.BBSI 6.STRL 7.FSTR 8.MED 9.FB1 10.MCFT
2022-06-30	20	$188.4M	0	1ONL 2ANEB 3DRTTF Top holdings2022-06-30 1.ONL 2.ANEB 3.DRTTF 4.AGYS 5.LFCR 6.STRL 7.FSTR 8.BBSI 9.MED 10.MCFT
2022-03-31	25	$275.4M	0	1ANEB24484513ONL Top holdings2022-03-31 1.ANEB 2.448451 3.ONL 4.DRTTF 5.ASIX 6.STRL 7.FSTR 8.LFCR 9.BBSI 10.MCFT
2021-12-31	25	$323.4M	0	1DRTTF 2ASIX 3ONL Top holdings2021-12-31 1.DRTTF 2.ASIX 3.ONL 4.448451 5.ANEB 6.STRL 7.GPRE 8.FSTR 9.MED 10.LFCR
2021-09-30	28	$335.7M	0	1DRTTF 2ASIX 3ANEB Top holdings2021-09-30 1.DRTTF 2.ASIX 3.ANEB 4.ONL 5.STRL 6.GPRE 7.FB1 8.MCFT 9.BBSI 10.448451
2021-06-30	34	$372.1M	50	1DRTTF 2ASIX 3ANEB Top holdings2021-06-30 1.DRTTF 2.ASIX 3.ANEB 4.AFIIQ 5.ONL 6.FB1 7.MED 8.STRL 9.GPRE 10.448451
2021-03-31	36	$324.6M	41	1ASIX 2DRTTF 3ONL Top holdings2021-03-31 1.ASIX 2.DRTTF 3.ONL 4.L9340P 5.STRL 6.AGYS 7.FB1 8.MTW 9.MED 10.AFIIQ
2020-12-31	35	$279.3M	43	1ASIX 2DRTTF 3UTI Top holdings2020-12-31 1.ASIX 2.DRTTF 3.UTI 4.ONL 5.LINC 6.NUANEUR 7.L9340P 8.MED 9.STRL 10.STNE
2020-09-30	39	$197.2M	69	1ASIX 2DRTTF 3UTI Top holdings2020-09-30 1.ASIX 2.DRTTF 3.UTI 4.LINC 5.ONL 6.NUANEUR 7.MED 8.STRL 9.STNE 10.MCFT
2020-06-30	63	$184.4M	79	1UTI 2LINC 3NUANEUR Top holdings2020-06-30 1.UTI 2.LINC 3.NUANEUR 4.DRTTF 5.MED 6.OESXUSD 7.EZPW 8.AA 9.ASIX 10.NSP
2020-03-31	111	$128.6M	99	1UTI 2ALSK 3NUANEUR Top holdings2020-03-31 1.UTI 2.ALSK 3.NUANEUR 4.ASIX 5.LOGMEUR 6.LINC 7.HILUSD 8.EZPW 9.MED 10.LQDT
2019-12-31	28	$88.1M	44	1UTI 2HILUSD 3EZPW Top holdings2019-12-31 1.UTI 2.HILUSD 3.EZPW 4.BERYEUR 5.LQDT 6.14888D 7.LINC 8.GIFI 9.LOGMEUR 10.WTTR
2019-09-30	24	$75.8M	54	1UTI 2HILUSD 3LQDT Top holdings2019-09-30 1.UTI 2.HILUSD 3.LQDT 4.MACKEUR 5.EZPW 6.BERYEUR 7.PFMTUSD 8.14888D 9.LINC 10.GIFI
2019-06-30	30	$92.3M	59	1UTI 2EZPW 3MACKEUR Top holdings2019-06-30 1.UTI 2.EZPW 3.MACKEUR 4.HILUSD 5.LQDT 6.BERYEUR 7.RCMEUR 8.WTTR 9.449489 10.PFMTUSD
2019-03-31	41	$143.6M	55	1STRL 2EZPW 3UTI Top holdings2019-03-31 1.STRL 2.EZPW 3.UTI 4.594837 5.MACKEUR 6.LQDT 7.RCMEUR 8.HILUSD 9.PFMTUSD 10.TESSUSD
2018-12-31	60	$160.4M	63	1STRL 2UTI 3PFMTUSD Top holdings2018-12-31 1.STRL 2.UTI 3.PFMTUSD 4.HILUSD 5.EZPW 6.RCMEUR 7.LQDT 8.PRGX 9.594837 10.BERYEUR
2018-09-30	46	$186.5M	39	1BERYEUR 2STRL 3AOIGBP Top holdings2018-09-30 1.BERYEUR 2.STRL 3.AOIGBP 4.EZPW 5.RLGT 6.RCMEUR 7.HILUSD 8.PFMTUSD 9.TISIUSD 10.594837
2018-06-30	45	$192.5M	46	1BERYEUR 2STRL 3EZPW Top holdings2018-06-30 1.BERYEUR 2.STRL 3.EZPW 4.HILUSD 5.ARLP 6.TISIUSD 7.RLGT 8.MTZ 9.MTRX 10.RCMEUR
2018-03-31	56	$192.0M	38	1BERYEUR 2STRL 3ARLP Top holdings2018-03-31 1.BERYEUR 2.STRL 3.ARLP 4.HILUSD 5.EZPW 6.MTZ 7.RLGT 8.TISIUSD 9.PRGX 10.TESSUSD
2017-12-31	65	$203.2M	45	1BERYEUR 2STRL 3HILUSD Top holdings2017-12-31 1.BERYEUR 2.STRL 3.HILUSD 4.EZPW 5.521050 6.RLGT 7.TASTUSD 8.MTZ 9.ARLP 10.TISIUSD
2017-09-30	85	$171.3M	35	1BERYEUR 2STRL 3RLGT Top holdings2017-09-30 1.BERYEUR 2.STRL 3.RLGT 4.EZPW 5.MTZ 6.TASTUSD 7.TRIBGBP 8.TISIUSD 9.NFE 10.FSTR
2017-06-30	83	$177.0M	23	1BERYEUR 2STRL 3TASTUSD Top holdings2017-06-30 1.BERYEUR 2.STRL 3.TASTUSD 4.RLGT 5.MTZ 6.TRIBGBP 7.FSTR 8.EZPW 9.NFE 10.PFMTUSD
2017-03-31	93	$172.9M	40	1BERYEUR 2STRL 3TASTUSD Top holdings2017-03-31 1.BERYEUR 2.STRL 3.TASTUSD 4.RLGT 5.TRIBGBP 6.EZPW 7.MTZ 8.NFE 9.LINC 10.PFMTUSD
2016-12-31	104	$166.8M	0	1BERYEUR 2STRL 3TASTUSD Top holdings2016-12-31 1.BERYEUR 2.STRL 3.TASTUSD 4.EZPW 5.TRIBGBP 6.001031 7.MTZ 8.ARLP 9.CRD-B 10.521050

Holding changes this quarter

22nw, LP's most significant position changes for 2026-03-31: Sold out: Anebulo Pharmaceuticals INC (ANEB); New buy: Fox Factory Holding CORP (FOXF); Sold out: Mayville Engineering Co INC (MEC); Sold out: MeiraGTx Holdings plc (MGTX); Sold out: Strata Skin Sciences INC (SSKN).

Position changes disclosed by 22nw, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NKTR	Nektar Therapeutics	+8%	-15.10%	Trim
2	NSP	Insperity INC	+7.6%	+411.94%	Add
3	FSTR	Foster (lb) Co-a	+6.9%	-10.40%	Trim
4	LFCR	Lifecore Biomedical INC	+3.2%	—	Unchanged
5	SRI	Stoneridge INC	+2.8%	+12.51%	Add
6	MLYS	Mineralys Therapeutics INC	+2.8%	+24.00%	Add
7	CMT	Core Molding Technologies In	+1.5%	—	Unchanged
8	ELDN	Eledon Pharmaceuticals INC	+0.9%	—	Unchanged
9	RZLT	Rezolute INC	+0.9%	—	Unchanged
10	TISI	Team INC	+0.9%	—	Unchanged
11	UFI	Unifi INC	+0.8%	—	Unchanged
12	CULP	Culp INC	+0.7%	—	Unchanged
13	FB1	Farmer Bros Co	+0.5%	—	Unchanged
14	PFX	Phenixfin CORP	-1%	-63.43%	Trim
15	RGNX	Regenxbio INC	-2.8%	-46.65%	Trim
16	ANEB	Anebulo Pharmaceuticals INC	—	EXIT	Sold out
17	FOXF	Fox Factory Holding CORP	—	NEW	New buy
18	MEC	Mayville Engineering Co INC	—	EXIT	Sold out
19	MGTX	MeiraGTx Holdings plc	—	EXIT	Sold out
20	SSKN	Strata Skin Sciences INC	—	EXIT	Sold out
21	PMDI	Psychemedics CORP	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-13	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-14	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-10	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-12	13F-HR	View on EDGAR
2022-03-31	2022-05-13	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-12	13F-HR	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-14	13F-HR	View on EDGAR
2020-12-31	2021-02-12	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-08	13F-HR	View on EDGAR
2018-09-30	2018-11-09	13F-HR	View on EDGAR
2018-06-30	2018-08-10	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-14	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-05-15	13F-HR	View on EDGAR
2016-12-31	2017-02-14	13F-HR	View on EDGAR

FAQ

What is 22nw, LP and what type of investor is it?

22nw, LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $145.9M, spread across 16 disclosed positions.

What are 22nw, LP's largest equity positions?

Based on the latest 13F filing, 22nw, LP's top holdings by market value are: 1. Foster (lb) Co-a (FSTR) — $29.8M (20.4%) 2. Nektar Therapeutics (NKTR) — $20.2M (13.9%) 3. Lifecore Biomedical INC (LFCR) — $18.9M (12.9%) 4. Insperity INC (NSP) — $13.3M (9.1%) 5. Mineralys Therapeutics INC (MLYS) — $12.0M (8.3%)

What changes did 22nw, LP make in its most recent portfolio filing?

In the latest reported quarter, 22nw, LP made 13 notable position adjustments: 1 new positions were initiated, 3 existing holdings were added to, 4 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Anebulo Pharmaceuticals INC (ANEB); New buy: Fox Factory Holding CORP (FOXF); Sold out: Mayville Engineering Co INC (MEC); Sold out: MeiraGTx Holdings plc (MGTX); Sold out: Strata Skin Sciences INC (SSKN)

What sectors does 22nw, LP focus on?

Sector breakdown data is not yet available for 22nw, LP. Check back after the next 13F processing cycle.

Peer Institutions

Institutions with a similar AUM

Quotient Investors, LLC

CIK 0001455139

Total reported value

$145.9M

148 stks

2017-09-30

Stale — no recent filing

Concentration4.9

Portfolio Stability43.4

Sector conviction46.9

AUM within 0.0% of this institution

View detail

TRB Advisors LP

CIK 0001513300

Total reported value

$145.9M

5 stks

2026-03-31

Concentration98.3

Portfolio Stability100.0

Sector conviction100.0

AUM within 0.0% of this institution

View detail

Aspetuck Financial Management LLC

CIK 0002048608

Total reported value

$146.0M

75 stks

2026-03-31

Concentration15.0

Portfolio Stability12.8

Sector conviction96.8

AUM within 0.0% of this institution

View detail

Similar Holdings Style

Institutions with overlapping top holdings

New Amsterdam Partners Llc/ny

CIK 0001010232

Total reported value

$272.4M

108 stks

2019-03-31

Stale — no recent filing

Concentration6.9

Portfolio Stability59.0

Sector conviction100.0

1 of the top 5 holdings overlap, including Insperity INC

View detail

Bvf Inc/il

CIK 0001056807

Total reported value

$3.1B

41 stks

2026-03-31

Concentration23.4

Portfolio Stability29.5

Sector conviction100.0

1 of the top 5 holdings overlap, including Nektar Therapeutics

View detail

Wynnefield Capital INC

CIK 0001251567

Total reported value

$147.5M

9 stks

2026-03-31

Concentration100.0

Portfolio Stability28.3

Sector conviction100.0

1 of the top 5 holdings overlap, including Lifecore Biomedical INC

View detail

22nw, LP 13F Filings Tracker & Analysis

CIK: 0001694297

ContrarianHigh-turnover traderQuality / disciplined sizing

Total reported value

$145.9M

Reporting period: 2026-03-31 · Number of holdings: 16

22NW, LP disclosed 16 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $145.9M and a quarterly turnover rate of 78.5%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "0-9"

Personality snowflake

Concentration: 44.05
Portfolio Stability: 78.52
Momentum/Contrarian: 0
Sector conviction: 0
Diversification: 32
Sizing Uniformity: 90.99

Recent moves

Add NKTR
-15.1%　$6.2M
Add NSP
+411.9%　$9.6M
Add FSTR
-10.4%　-$2.3M
Add LFCR
0.0%　-$4.2M
Add SRI
+12.5%　-$780.6K
Add MLYS
+24.0%　-$966.9K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	FSTR	Foster (lb) Co-a	Stock-Other	20.41%	+6.90%	-10.40%
2	NKTR	Nektar Therapeutics	Stock-Other	13.86%	+7.97%	-15.10%
3	LFCR	Lifecore Biomedical INC	Stock-Other	12.93%	+3.24%	—
4	NSP	Insperity INC	Stock-Other	9.14%	+7.57%	+411.94%
5	MLYS	Mineralys Therapeutics INC	Stock-Other	8.25%	+2.78%	+24.00%
6	SRI	Stoneridge INC	Stock-Other	8.17%	+2.83%	+12.51%
7	FOXF	Fox Factory Holding CORP	Stock-Other	7.65%	+7.65%	NEW
8	CULP	Culp INC	Stock-Other	3.49%	+0.70%	—
9	CMT	Core Molding Technologies In	Stock-Other	3.42%	+1.54%	—
10	RGNX	Regenxbio INC	Stock-Other	2.83%	-2.77%	-46.65%
11	UFI	Unifi INC	Stock-Other	2.09%	+0.83%	—
12	TISI	Team INC	Stock-Other	1.86%	+0.85%	—
13	RZLT	Rezolute INC	Stock-Other	1.72%	+0.90%	—
14	FB1	Farmer Bros Co	Stock-Other	1.70%	+0.50%	—
15	ELDN	Eledon Pharmaceuticals INC	Stock-Other	1.34%	+0.94%	—
16	PFX	Phenixfin CORP	Stock-Other	1.15%	-1.04%	-63.43%

Portfolio Performance

Performance for Q3 2026

+18.1%

Performance Last 4 Quarters

+17.5%

Based on 74% of reported portfolio value with available pricing

Stdev: +34.4%
Beta: +0.98
Alpha: +13.9%
Max Drawdown: -24.7%
Annualized Perf: +29.9%
Batting Avg vs S&P: +55.6%
Sortino: +1.77
Stutzer: +0.27
Treynor: +0.33
Sterling: +1.06
Calmar: +1.21
Information Ratio: +0.43
Tracking Error: +31.9%
Stdev Down: +18.1%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +68.2%
Worst 12 Months: -12.9%
Efficiency Ratio: +0.43
Sharpe: +0.93
Stdev Sectors: —
Skewness: +0.14
Kurtosis: +0.06
Upside Potential: +3.45

Reported value over time

Sector allocation

Not enough sector-mapped data yet

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	16	$145.9M	79	1FSTR 2NKTR 3LFCR Top holdings2026-03-31 1.FSTR 2.NKTR 3.LFCR 4.NSP 5.MLYS 6.SRI 7.FOXF 8.CULP 9.CMT 10.RGNX
2025-12-31	20	$237.6M	42	1ANEB 2FSTR 3LFCR Top holdings2025-12-31 1.ANEB 2.FSTR 3.LFCR 4.NKTR 5.RGNX 6.MLYS 7.SRI 8.MEC 9.CULP 10.PFX
2025-09-30	21	$212.3M	73	1ANEB 2FSTR 3LFCR Top holdings2025-09-30 1.ANEB 2.FSTR 3.LFCR 4.NKTR 5.SRI 6.MLYS 7.RGNX 8.CULP 9.RZLT 10.DHX
2025-06-30	21	$158.8M	0	1FSTR 2LFCR 3ANEB Top holdings2025-06-30 1.FSTR 2.LFCR 3.ANEB 4.SRI 5.DHX 6.RGNX 7.MLYS 8.CULP 9.PFX 10.UFI
2025-03-31	20	$149.1M	100	1LFCR 2FSTR 3ANEB Top holdings2025-03-31 1.LFCR 2.FSTR 3.ANEB 4.STRL 5.CULP 6.SRI 7.MLYS 8.PFX 9.BBSI 10.RGNX
2024-12-31	16	$158.5M	0	1FSTR 2LFCR 3ANEB Top holdings2024-12-31 1.FSTR 2.LFCR 3.ANEB 4.STRL 5.BBSI 6.CULP 7.PFX 8.DHX 9.FB1 10.MTW
2024-09-30	13	$119.3M	0	1FSTR 2LFCR 3STRL Top holdings2024-09-30 1.FSTR 2.LFCR 3.STRL 4.CULP 5.ANEB 6.BBSI 7.PFX 8.DHX 9.FB1 10.LNTH
2024-06-30	13	$117.2M	0	1FSTR 2LFCR 3ANEB Top holdings2024-06-30 1.FSTR 2.LFCR 3.ANEB 4.STRL 5.BBSI 6.CULP 7.PFX 8.FB1 9.DHX 10.MTW
2024-03-31	13	$116.1M	0	1FSTR 2ANEB 3STRL Top holdings2024-03-31 1.FSTR 2.ANEB 3.STRL 4.LFCR 5.BBSI 6.ONL 7.FB1 8.CULP 9.PFX 10.MTW
2023-12-31	14	$153.5M	0	1STRL 2FSTR 3ONL Top holdings2023-12-31 1.STRL 2.FSTR 3.ONL 4.ANEB 5.LFCR 6.LIANY 7.BBSI 8.CULP 9.FB1 10.MTW
2023-09-30	14	$140.3M	0	1STRL 2FSTR 3ONL Top holdings2023-09-30 1.STRL 2.FSTR 3.ONL 4.ANEB 5.LFCR 6.BBSI 7.CULP 8.COIN 9.MTW 10.FB1
2023-06-30	14	$160.1M	0	1STRL 2ONL 3FSTR Top holdings2023-06-30 1.STRL 2.ONL 3.FSTR 4.LFCR 5.BBSI 6.ANEB 7.MTW 8.CULP 9.COIN 10.DRTTF
2023-03-31	17	$162.7M	0	1ONL 2STRL 3BBSI Top holdings2023-03-31 1.ONL 2.STRL 3.BBSI 4.ANEB 5.FSTR 6.MTW 7.DRTTF 8.MED 9.FB1 10.LFCR
2022-12-31	19	$185.2M	0	1ONL 2STRL 3BBSI Top holdings2022-12-31 1.ONL 2.STRL 3.BBSI 4.MCFT 5.ANEB 6.MACKEUR 7.LFCR 8.MED 9.FSTR 10.DRTTF
2022-09-30	20	$176.8M	0	1ONL 2AGYS 3LFCR Top holdings2022-09-30 1.ONL 2.AGYS 3.LFCR 4.ANEB 5.BBSI 6.STRL 7.FSTR 8.MED 9.FB1 10.MCFT
2022-06-30	20	$188.4M	0	1ONL 2ANEB 3DRTTF Top holdings2022-06-30 1.ONL 2.ANEB 3.DRTTF 4.AGYS 5.LFCR 6.STRL 7.FSTR 8.BBSI 9.MED 10.MCFT
2022-03-31	25	$275.4M	0	1ANEB24484513ONL Top holdings2022-03-31 1.ANEB 2.448451 3.ONL 4.DRTTF 5.ASIX 6.STRL 7.FSTR 8.LFCR 9.BBSI 10.MCFT
2021-12-31	25	$323.4M	0	1DRTTF 2ASIX 3ONL Top holdings2021-12-31 1.DRTTF 2.ASIX 3.ONL 4.448451 5.ANEB 6.STRL 7.GPRE 8.FSTR 9.MED 10.LFCR
2021-09-30	28	$335.7M	0	1DRTTF 2ASIX 3ANEB Top holdings2021-09-30 1.DRTTF 2.ASIX 3.ANEB 4.ONL 5.STRL 6.GPRE 7.FB1 8.MCFT 9.BBSI 10.448451
2021-06-30	34	$372.1M	50	1DRTTF 2ASIX 3ANEB Top holdings2021-06-30 1.DRTTF 2.ASIX 3.ANEB 4.AFIIQ 5.ONL 6.FB1 7.MED 8.STRL 9.GPRE 10.448451
2021-03-31	36	$324.6M	41	1ASIX 2DRTTF 3ONL Top holdings2021-03-31 1.ASIX 2.DRTTF 3.ONL 4.L9340P 5.STRL 6.AGYS 7.FB1 8.MTW 9.MED 10.AFIIQ
2020-12-31	35	$279.3M	43	1ASIX 2DRTTF 3UTI Top holdings2020-12-31 1.ASIX 2.DRTTF 3.UTI 4.ONL 5.LINC 6.NUANEUR 7.L9340P 8.MED 9.STRL 10.STNE
2020-09-30	39	$197.2M	69	1ASIX 2DRTTF 3UTI Top holdings2020-09-30 1.ASIX 2.DRTTF 3.UTI 4.LINC 5.ONL 6.NUANEUR 7.MED 8.STRL 9.STNE 10.MCFT
2020-06-30	63	$184.4M	79	1UTI 2LINC 3NUANEUR Top holdings2020-06-30 1.UTI 2.LINC 3.NUANEUR 4.DRTTF 5.MED 6.OESXUSD 7.EZPW 8.AA 9.ASIX 10.NSP
2020-03-31	111	$128.6M	99	1UTI 2ALSK 3NUANEUR Top holdings2020-03-31 1.UTI 2.ALSK 3.NUANEUR 4.ASIX 5.LOGMEUR 6.LINC 7.HILUSD 8.EZPW 9.MED 10.LQDT
2019-12-31	28	$88.1M	44	1UTI 2HILUSD 3EZPW Top holdings2019-12-31 1.UTI 2.HILUSD 3.EZPW 4.BERYEUR 5.LQDT 6.14888D 7.LINC 8.GIFI 9.LOGMEUR 10.WTTR
2019-09-30	24	$75.8M	54	1UTI 2HILUSD 3LQDT Top holdings2019-09-30 1.UTI 2.HILUSD 3.LQDT 4.MACKEUR 5.EZPW 6.BERYEUR 7.PFMTUSD 8.14888D 9.LINC 10.GIFI
2019-06-30	30	$92.3M	59	1UTI 2EZPW 3MACKEUR Top holdings2019-06-30 1.UTI 2.EZPW 3.MACKEUR 4.HILUSD 5.LQDT 6.BERYEUR 7.RCMEUR 8.WTTR 9.449489 10.PFMTUSD
2019-03-31	41	$143.6M	55	1STRL 2EZPW 3UTI Top holdings2019-03-31 1.STRL 2.EZPW 3.UTI 4.594837 5.MACKEUR 6.LQDT 7.RCMEUR 8.HILUSD 9.PFMTUSD 10.TESSUSD
2018-12-31	60	$160.4M	63	1STRL 2UTI 3PFMTUSD Top holdings2018-12-31 1.STRL 2.UTI 3.PFMTUSD 4.HILUSD 5.EZPW 6.RCMEUR 7.LQDT 8.PRGX 9.594837 10.BERYEUR
2018-09-30	46	$186.5M	39	1BERYEUR 2STRL 3AOIGBP Top holdings2018-09-30 1.BERYEUR 2.STRL 3.AOIGBP 4.EZPW 5.RLGT 6.RCMEUR 7.HILUSD 8.PFMTUSD 9.TISIUSD 10.594837
2018-06-30	45	$192.5M	46	1BERYEUR 2STRL 3EZPW Top holdings2018-06-30 1.BERYEUR 2.STRL 3.EZPW 4.HILUSD 5.ARLP 6.TISIUSD 7.RLGT 8.MTZ 9.MTRX 10.RCMEUR
2018-03-31	56	$192.0M	38	1BERYEUR 2STRL 3ARLP Top holdings2018-03-31 1.BERYEUR 2.STRL 3.ARLP 4.HILUSD 5.EZPW 6.MTZ 7.RLGT 8.TISIUSD 9.PRGX 10.TESSUSD
2017-12-31	65	$203.2M	45	1BERYEUR 2STRL 3HILUSD Top holdings2017-12-31 1.BERYEUR 2.STRL 3.HILUSD 4.EZPW 5.521050 6.RLGT 7.TASTUSD 8.MTZ 9.ARLP 10.TISIUSD
2017-09-30	85	$171.3M	35	1BERYEUR 2STRL 3RLGT Top holdings2017-09-30 1.BERYEUR 2.STRL 3.RLGT 4.EZPW 5.MTZ 6.TASTUSD 7.TRIBGBP 8.TISIUSD 9.NFE 10.FSTR
2017-06-30	83	$177.0M	23	1BERYEUR 2STRL 3TASTUSD Top holdings2017-06-30 1.BERYEUR 2.STRL 3.TASTUSD 4.RLGT 5.MTZ 6.TRIBGBP 7.FSTR 8.EZPW 9.NFE 10.PFMTUSD
2017-03-31	93	$172.9M	40	1BERYEUR 2STRL 3TASTUSD Top holdings2017-03-31 1.BERYEUR 2.STRL 3.TASTUSD 4.RLGT 5.TRIBGBP 6.EZPW 7.MTZ 8.NFE 9.LINC 10.PFMTUSD
2016-12-31	104	$166.8M	0	1BERYEUR 2STRL 3TASTUSD Top holdings2016-12-31 1.BERYEUR 2.STRL 3.TASTUSD 4.EZPW 5.TRIBGBP 6.001031 7.MTZ 8.ARLP 9.CRD-B 10.521050

Holding changes this quarter

Position changes disclosed by 22nw, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NKTR	Nektar Therapeutics	+8%	-15.10%	Trim
2	NSP	Insperity INC	+7.6%	+411.94%	Add
3	FSTR	Foster (lb) Co-a	+6.9%	-10.40%	Trim
4	LFCR	Lifecore Biomedical INC	+3.2%	—	Unchanged
5	SRI	Stoneridge INC	+2.8%	+12.51%	Add
6	MLYS	Mineralys Therapeutics INC	+2.8%	+24.00%	Add
7	CMT	Core Molding Technologies In	+1.5%	—	Unchanged
8	ELDN	Eledon Pharmaceuticals INC	+0.9%	—	Unchanged
9	RZLT	Rezolute INC	+0.9%	—	Unchanged
10	TISI	Team INC	+0.9%	—	Unchanged
11	UFI	Unifi INC	+0.8%	—	Unchanged
12	CULP	Culp INC	+0.7%	—	Unchanged
13	FB1	Farmer Bros Co	+0.5%	—	Unchanged
14	PFX	Phenixfin CORP	-1%	-63.43%	Trim
15	RGNX	Regenxbio INC	-2.8%	-46.65%	Trim
16	ANEB	Anebulo Pharmaceuticals INC	—	EXIT	Sold out
17	FOXF	Fox Factory Holding CORP	—	NEW	New buy
18	MEC	Mayville Engineering Co INC	—	EXIT	Sold out
19	MGTX	MeiraGTx Holdings plc	—	EXIT	Sold out
20	SSKN	Strata Skin Sciences INC	—	EXIT	Sold out
21	PMDI	Psychemedics CORP	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-13	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-14	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-10	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-12	13F-HR	View on EDGAR
2022-03-31	2022-05-13	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-12	13F-HR	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-14	13F-HR	View on EDGAR
2020-12-31	2021-02-12	13F-HR	View on EDGAR
2020-09-30	2020-11-13	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-08	13F-HR	View on EDGAR
2018-09-30	2018-11-09	13F-HR	View on EDGAR
2018-06-30	2018-08-10	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR
2017-12-31	2018-02-14	13F-HR	View on EDGAR
2017-09-30	2017-11-14	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-05-15	13F-HR	View on EDGAR
2016-12-31	2017-02-14	13F-HR	View on EDGAR