HEIGHTS CAPITAL MANAGEMENT, INC

CIK

1081698

Location

SAN FRANCISCO, CA

Portfolio Value

Small $288,421,051

Diversification

Diversified

Filing Date

Global Rank

#3,486 / 8,623 ▲ 604 · as of Mar 2026

Top Industry

Shell Companies 52.9%

3Y Alpha vs SPY

-9.3%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

7 quarters · since Sep 2024

Clone Performance

Nov 2024–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+10.1%

SPY

+27.1%

Annualised alpha

-9.3%

Max drawdown

−31.5%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 94% of reported value on average across 7 quarters. Past performance does not predict future results.

Portfolio Concentration

113 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

12.9%

−15.6 pts

Top 5

37.2%

−7.8 pts

Top 10

48.5%

−6.5 pts

HHI

427

Diversified−524

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	52.6%	$151,698,057	92
Consumer Cyclical	27.5%	$79,406,733	5
Technology	11.2%	$32,270,895	3
Healthcare	5.9%	$17,060,015	7
Industrials	1.5%	$4,324,419	3
Consumer Defensive	0.7%	$2,029,932	1
Unclassified	0.6%	$1,631,000	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
NNE	Nano Nuclear Energy Inc.	−527,500	81,000	$1,658,880
NYXH	Nyxoah SA	−468,698	308,490	$900,790
GPAT	GP-Act III Acquisition Corp.	−27,377	388,719	$4,213,713
MACI	Melar Acquisition Corp. I/Cayman	−17,406	34,755	$374,311
CUB	Lionheart Holdings	−14,192	36,606	$393,880
NTWO	Newbury Street II Acquisition Corp	−4,319	26,191	$275,267
FSHP	Flag Ship Acquisition Corp	−4,222	302,347	$3,304,652
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SLDP	Solid Power, Inc.	12,395,558	$37,186,674
IONQ	IonQ, Inc.	815,542	$23,512,075
CMPS	COMPASS Pathways plc	1,492,415	$8,253,054
LAES	SEALSQ Corp	3,136,465	$8,217,538
VLOS	Velos Acquisition I Corp.	500,000	$5,370,000
DMII	Drugs Made In America Acquisition II Corp.	519,400	$5,178,418
IRHO	Iron Horse Acquisition II Corp.	470,000	$4,634,200
CCXI	Churchill Capital Corp XI	448,176	$4,553,468
CADL	Candel Therapeutics, Inc.	775,000	$3,797,500
TWLV	Twelve Seas Investment Co III/Cayman	350,000	$3,454,500
AIIA	AI Infrastructure Acquisition Corp.	300,000	$3,009,000
BBCQ	Bleichroeder Acquisition Corp. II	279,547	$2,801,060
MESH	Meshflow Acquisition Corp	250,000	$2,472,500
YCY	AA Mission Acquisition Corp. II	200,000	$2,014,000
DNMX	Dynamix Corp III	200,000	$1,984,000
SCYX	Scynexis Inc	2,086,960	$1,913,742
SCII	SC II Acquisition Corp.	150,000	$1,495,500
HCAC	Hall Chadwick Acquisition Corp	149,990	$1,489,400
IGAC	Invest Green Acquisition Corp	150,000	$1,485,000
GIW	GigCapital8 Corp.	141,583	$1,411,582
IMDX	Insight Molecular Diagnostics Inc.	392,545	$1,287,547
GWH	ESS Tech, Inc.	963,495	$1,127,289
ITHA	ITHAX Acquisition Corp III	110,000	$1,089,000
CEPS	Cantor Equity Partners VI, Inc.	100,000	$1,010,000
MKLY	McKinley Acquisition Corp	100,000	$1,003,000
No positions match the current search.

Sold Out

Positions the filer fully exited

16 positions

Ticker	Company	Shares	Value
ABSI	Absci Corp	1,065,640	$3,719,083
CBIO	Crescent Biopharma, Inc.	264,000	$3,131,040
VACH	Voyager Acquisition Corp./Cayman Islands	250,000	$2,667,500
KYTX	Kyverna Therapeutics, Inc.	271,822	$2,555,126
SLNH	Soluna Holdings, Inc	2,043,964	$2,391,437
COLA	Columbus Acquisition Corp/Cayman Islands	200,000	$2,077,600
RIBB	Ribbon Acquisition Corp.	200,000	$2,076,000
AVX	Avax One Technology Ltd.	1,300,000	$1,962,999
NVA	Nova Minerals Corp	255,906	$1,562,306
HYAC	Haymaker Acquisition Corp. 4	121,772	$1,385,765
FTW	PRESIDIO PRODUCTION Co	93,574	$981,591
CTXR	Citius Pharmaceuticals, Inc.	799,934	$621,548
VCIC	Vine Hill Capital Investment Corp.	55,790	$600,858
PELI	Pelican Acquisition Corp	50,000	$507,550
HSPT	Horizon Space Acquisition II Corp.	20,000	$210,900
ALURD	Allurion Technologies, Inc.	59,880	$73,652
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

113 tracked positions · $288,421,051 total · filing declares 265 positions · $358,765,289 · as of Mar 31, 2026

All sectors Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Showing 1–50 of 113 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SLDP	Solid Power, Inc. Consumer Cyclical	NEW	12,395,558	NEW	$37,186,674	NEW	12.89%
FLUT	Flutter Entertainment plc Consumer Cyclical	Held	294,180	0	$29,991,651	−52.6%	10.40%
IONQ	IonQ, Inc. Technology	NEW	815,542	NEW	$23,512,075	NEW	8.15%
CMPS	COMPASS Pathways plc Healthcare	NEW	1,492,415	NEW	$8,253,054	NEW	2.86%
LAES	SEALSQ Corp Technology	NEW	3,136,465	NEW	$8,217,538	NEW	2.85%
BXBL	BOXABL Inc. Consumer Cyclical	Held	790,000	0	$7,979,000	+0.6%	2.77%
JACS	Jackson Acquisition Co II Financial Services	Held	700,000	0	$7,413,000	+1.6%	2.57%
DMAA	Drugs Made In America Acquisition Corp. Financial Services	Held	650,000	0	$6,812,000	+1.0%	2.36%
VLOS	Velos Acquisition I Corp. Financial Services	NEW	500,000	NEW	$5,370,000	NEW	1.86%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	NEW	519,400	NEW	$5,178,418	NEW	1.80%
KCHV	Kochav Defense Acquisition Corp. Financial Services	Held	500,000	0	$5,125,000	+1.1%	1.78%
IRHO	Iron Horse Acquisition II Corp. Financial Services	NEW	470,000	NEW	$4,634,200	NEW	1.61%
NMP	NMP Acquisition Corp. Financial Services	Held	450,000	0	$4,572,000	+1.4%	1.59%
CCXI	Churchill Capital Corp XI Financial Services	NEW	448,176	NEW	$4,553,468	NEW	1.58%
EMPD	Empery Digital Inc. Consumer Cyclical	Held	1,000,000	0	$4,230,000	−7.3%	1.47%
GPAT	GP-Act III Acquisition Corp. Financial Services	Reduced	388,719	-27,377	$4,213,713	−5.3%	1.46%
CADL	Candel Therapeutics, Inc. Healthcare	NEW	775,000	NEW	$3,797,500	NEW	1.32%
FERA	Fifth Era Acquisition Corp I Financial Services	Held	350,000	0	$3,605,000	+0.1%	1.25%
EMIS	Emmis Acquisition Corp. Financial Services	Held	350,000	0	$3,517,500	+1.0%	1.22%
FVN	Future Vision II Acquisition Corp. Financial Services	Held	325,000	0	$3,484,000	+1.4%	1.21%
TWLV	Twelve Seas Investment Co III/Cayman Financial Services	NEW	350,000	NEW	$3,454,500	NEW	1.20%
FSHP	Flag Ship Acquisition Corp Financial Services	Reduced	302,347	-4,222	$3,304,652	+0.3%	1.15%
COPL	Copley Acquisition Corp Financial Services	Held	300,000	0	$3,096,000	+0.5%	1.07%
AIIA	AI Infrastructure Acquisition Corp. Financial Services	NEW	300,000	NEW	$3,009,000	NEW	1.04%
BBCQ	Bleichroeder Acquisition Corp. II Financial Services	NEW	279,547	NEW	$2,801,060	NEW	0.97%
PLMK	Plum Acquisition Corp, IV Financial Services	Held	250,000	0	$2,640,000	+1.0%	0.92%
TVAI	Thayer Ventures Acquisition Corp II Financial Services	Held	250,000	0	$2,552,500	+0.9%	0.88%
ORIQ	Origin Investment Corp I Financial Services	Held	249,900	0	$2,548,980	+0.8%	0.88%
MESH	Meshflow Acquisition Corp Financial Services	NEW	250,000	NEW	$2,472,500	NEW	0.86%
CHPG	ChampionsGate Acquisition Corp Financial Services	Held	212,182	0	$2,174,865	+0.6%	0.75%
LKSP	Lake Superior Acquisition Corp Financial Services	Held	210,000	0	$2,110,500	+1.3%	0.73%
LCCC	Lakeshore Acquisition III Corp. Financial Services	Held	200,000	0	$2,060,000	+1.1%	0.71%
SZZL	Sizzle Acquisition Corp. II Financial Services	Held	200,000	0	$2,056,000	+1.2%	0.71%
SOUL	Soulpower Acquisition Corp. Financial Services	Held	200,000	0	$2,050,000	+1.0%	0.71%
ENHA	Enhanced Group Inc. Consumer Defensive	Held	199,600	0	$2,029,932	+1.2%	0.70%
SPEG	Silver Pegasus Acquisition Corp. Financial Services	Held	199,100	0	$2,026,838	+1.1%	0.70%
YCY	AA Mission Acquisition Corp. II Financial Services	NEW	200,000	NEW	$2,014,000	NEW	0.70%
CRAC	Crown Reserve Acquisition Corp. I Financial Services	Held	200,000	0	$2,002,000	+0.7%	0.69%
DNMX	Dynamix Corp III Financial Services	NEW	200,000	NEW	$1,984,000	NEW	0.69%
XRPN	Armada Acquisition Corp. II Financial Services	Held	191,267	0	$1,971,962	+0.7%	0.68%
SCYX	Scynexis Inc Healthcare	NEW	2,086,960	NEW	$1,913,742	NEW	0.66%
RDAG	Republic Digital Acquisition Co Financial Services	Held	178,000	0	$1,820,940	+1.0%	0.63%
UYSC	UY Scuti Acquisition Corp. Financial Services	Held	175,000	0	$1,816,500	+1.3%	0.63%
BSAA	BEST SPAC I Acquisition Corp. Financial Services	Held	175,000	0	$1,795,500	+1.3%	0.62%
NNE	Nano Nuclear Energy Inc. PUT Industrials	Reduced	81,000	-527,500	$1,658,880	−88.6%	0.58%
CAPN	Cayson Acquisition Corp Financial Services	Held	150,000	0	$1,650,000	+3.4%	0.57%
FAC	Factorial Energy Inc. Industrials	Held	150,000	0	$1,538,250	−0.4%	0.53%
QUMS	Quantumsphere Acquisition Corp Financial Services	Held	150,000	0	$1,518,000	+1.1%	0.53%
SCII	SC II Acquisition Corp. Financial Services	NEW	150,000	NEW	$1,495,500	NEW	0.52%
HCAC	Hall Chadwick Acquisition Corp Financial Services	NEW	149,990	NEW	$1,489,400	NEW	0.52%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.