HEIGHTS CAPITAL MANAGEMENT, INC

CIK

1081698

Location

SAN FRANCISCO, CA

Portfolio Value

Small $406,307,907

Diversification

Diversified

Reports for

CVI Investments, Inc.

Filing Date

Global Rank

#4,380 / 8,819 ▲ 54

Top Industry

Shell Companies 71.4%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

8 quarters · since Sep 2024

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Continues the 13F reports of

CVI Holdings, LLC from Sep 30, 2024

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 29.1%, 58.5 effective positions, active share 99.5% against the Russell 2000 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

148.2% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.4 quarters (under 4)

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 99.5%; sector active share 61.7% against the combined 13F book's sector weights.

Over time 8 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

295 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

7.4%

−3.4 pts

Top 5

20.6%

−10.5 pts

Top 10

29.1%

−11.5 pts

HHI

171

Diversified−140

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	71.1%	$288,872,456	256
Healthcare	9.9%	$40,030,351	19
Consumer Cyclical	9.0%	$36,571,983	3
Communication Services	5.9%	$23,965,703	1
Technology	3.2%	$13,021,900	7
Unclassified	0.4%	$1,663,142	3
Utilities	0.2%	$627,000	1
Industrials	0.1%	$554,107	3
Consumer Defensive	0.1%	$519,435	1
Energy	0.1%	$481,830	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
NYXH	Nyxoah SA	+520,313	828,803	$1,400,677
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCYX	Scynexis Inc	−1,936,409	150,551	$612,742
CMPS	COMPASS Pathways plc	−1,286,483	205,932	$2,913,937
GWHT	ESS Tech, Inc.	−414,874	548,621	$521,189
BCTXZ	BriaCell Therapeutics Corp.	−226,719	313,379	$31,338
IRHOR	Iron Horse Acquisition II Corp.	−152,662	317,338	$51,060
HCACR	Hall Chadwick Acquisition Corp	−117,679	29,593	$8,535
BCTXL	BriaCell Therapeutics Corp.	−113,418	186,582	$149,284
GIWWR	GigCapital8 Corp.	−106,914	33,226	$8,901
FVN	Future Vision II Acquisition Corp.	−84,897	240,103	$2,629,127
KCHVR	Kochav Defense Acquisition Corp.	−62,270	244,276	$49,344
IBACR	IB Acquisition Corp.	−58,061	42,118	$4,991
GTERR	Globa Terra Acquisition Corp	−51,367	40,909	$4,500
CRACR	Crown Reserve Acquisition Corp. I	−48,812	44,048	$7,043
OBAWW	Oxley Bridge Acquisition Ltd	−48,400	76,600	$0
CAPNR	Cayson Acquisition Corp	−38,064	18,310	$4,354
SPEGR	Silver Pegasus Acquisition Corp.	−36,327	155,183	$38,796
ORIQW	Origin Investment Corp I	−33,044	91,906	$10,192
QUMSR	Quantumsphere Acquisition Corp	−31,213	106,968	$21,287
IGACR	Invest Green Acquisition Corp	−29,003	118,190	$21,274
ALISR	Calisa Acquisition Corp	−28,947	17,337	$10,576
SCIIR	SC II Acquisition Corp.	−28,909	112,591	$20,953
HIT	Health In Tech, Inc.	−23,030	350,268	$353,770
BSAAR	BEST SPAC I Acquisition Corp.	−21,578	153,122	$25,357
GTERW	Globa Terra Acquisition Corp	−20,692	72,479	$6,523
FSHPR	Flag Ship Acquisition Corp	−18,843	260,383	$20,831
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AMC	Amc Entertainment Holdings, Inc.	12,613,528	$23,965,703
MGTX	MeiraGTx Holdings plc	850,000	$11,483,500
TSHA	Taysha Gene Therapies, Inc.	1,500,000	$10,215,000
MTNE	CH4 Natural Solutions Corp	800,000	$7,880,000
ATLQ	JAB Acquisition Corp I	700,000	$7,021,000
TOYO	TOYO Co., Ltd	989,231	$6,875,155
ISNR	Snow Rothschild Acquisition Corp.	650,000	$6,500,000
GHXI	Gores Holdings XI, Inc.	600,000	$6,084,000
IDACU	Iron Dome Acquisition I Corp.	600,000	$6,060,000
ALPXU	Alpex Acquisition Corp	550,000	$5,511,000
PONO	Pono Capital Four, Inc.	549,714	$5,475,151
PRQR	ProQR Therapeutics N.V.	2,762,430	$5,138,119
GCGR	General Catalyst Global Resilience Merger Corp.	500,000	$5,045,000
BHAV	BHAV Acquisition Corp	493,719	$4,902,629
XFLH	XFLH Capital Corp	475,000	$4,735,750
GUAC	Berto Acquisition Corp. II	450,000	$4,549,500
BRKH	Burtech Acquisition Corp II	400,000	$4,008,000
LTGR	Long Table Growth Corp.	400,000	$4,004,000
AACI	Armada Acquisition Corp. III	365,000	$3,646,350
FXAC	FortuneX Acquisition Corp	350,000	$3,517,500
FWAC	Futurewave Acquisition Corp	325,000	$3,259,750
AETR	Aetherion Technologies Inc.	1,325,121	$2,994,773
FMAC	Future Money Acquisition Corp	300,000	$2,994,000
NBRG	Newbridge Acquisition Ltd	300,000	$2,991,000
VECA	Vernal Capital Acquisition Corp.	300,000	$2,982,000
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
SLDP	Solid Power, Inc.	12,395,558	$37,186,674
IONQ	IonQ, Inc.	815,542	$23,512,075
LAES	SEALSQ Corp	3,136,465	$8,217,538
BXBL	BOXABL Inc.	790,000	$7,979,000
PONOU	Pono Capital Four, Inc.	550,000	$5,489,000
VLOS	Velos Acquisition I Corp.	500,000	$5,370,000
BHAVU	BHAV Acquisition Corp	495,000	$4,940,100
CCXI	Churchill Capital Corp XI	448,176	$4,553,468
GPAT	GP-Act III Acquisition Corp.	388,719	$4,213,713
CADL	Candel Therapeutics, Inc.	775,000	$3,797,500
AACIU	Armada Acquisition Corp. III	365,000	$3,635,400
NBRGU	Newbridge Acquisition Ltd	300,000	$3,009,000
HCICU	Hennessy Capital Investment Corp. VIII	300,000	$3,000,000
FMACU	Future Money Acquisition Corp	300,000	$2,997,000
—		279,547	$2,801,060
SVIVU	Spring Valley Acquisition Corp. IV	200,000	$2,032,000
ENHA	Enhanced Group Inc.	199,600	$2,029,932
KRAQU	KRAKacquisition Corp	200,000	$2,002,000
BSAA	BEST SPAC I Acquisition Corp.	175,000	$1,795,500
QADRU	QDRO Acquisition Corp.	160,000	$1,585,600
FAC	Factorial Energy Inc.	150,000	$1,538,250
IPFXU	Inflection Point Acquisition Corp. VI	150,000	$1,518,000
XCBEU	X3 Acquisition Corp. Ltd.	150,000	$1,491,000
IMDX	Insight Molecular Diagnostics Inc.	392,545	$1,287,547
CTAAU	Clearthink 1 Acquisition Corp.	125,000	$1,250,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

295 tracked positions · $406,307,907 total · filing declares 323 positions · $433,069,622 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Showing 1–50 of 295 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
FLUT	Flutter Entertainment plc Consumer Cyclical	Held	294,180	0	$30,056,370	+0.2%	8	$203.33	7.40%
AMC	Amc Entertainment Holdings, Inc. Communication Services	NEW	12,613,528	NEW	$23,965,703	NEW	1	$1.72	5.90%
MGTX	MeiraGTx Holdings plc Healthcare	NEW	850,000	NEW	$11,483,500	NEW	1	$9.94	2.83%
TSHA	Taysha Gene Therapies, Inc. Healthcare	NEW	1,500,000	NEW	$10,215,000	NEW	1	$5.92	2.51%
MTNE	CH4 Natural Solutions Corp Financial Services	NEW	800,000	NEW	$7,880,000	NEW	1	unpriced	1.94%
JACS	Jackson Acquisition Co II Financial Services	Held	700,000	0	$7,448,000	+0.5%	5	$10.18	1.83%
ATLQ	JAB Acquisition Corp I Financial Services	NEW	700,000	NEW	$7,021,000	NEW	1	unpriced	1.73%
DMAA	Drugs Made In America Acquisition Corp. Financial Services	Reduced	648,083	-1,917	$6,902,083	+1.3%	5	$10.11	1.70%
TOYO	TOYO Co., Ltd Technology	NEW	989,231	NEW	$6,875,155	NEW	1	$12.28	1.69%
ISNR	Snow Rothschild Acquisition Corp. Financial Services	NEW	650,000	NEW	$6,500,000	NEW	1	unpriced	1.60%
GHXI	Gores Holdings XI, Inc. Financial Services	NEW	600,000	NEW	$6,084,000	NEW	1	unpriced	1.50%
IDACU	Iron Dome Acquisition I Corp. Financial Services	NEW	600,000	NEW	$6,060,000	NEW	1	$10.04	1.49%
ALPXU	Alpex Acquisition Corp Financial Services	NEW	550,000	NEW	$5,511,000	NEW	1	unpriced	1.36%
PONO	Pono Capital Four, Inc. Financial Services	NEW	549,714	NEW	$5,475,151	NEW	1	$9.92	1.35%
DMII	Drugs Made In America Acquisition II Corp. Financial Services	Held	519,400	0	$5,225,164	+0.9%	2	$9.96	1.29%
KCHV	Kochav Defense Acquisition Corp. Financial Services	Held	500,000	0	$5,185,000	+1.2%	4	$10.02	1.28%
PRQR	ProQR Therapeutics N.V. Healthcare	NEW	2,762,430	NEW	$5,138,119	NEW	1	$1.65	1.26%
GCGR	General Catalyst Global Resilience Merger Corp. Financial Services	NEW	500,000	NEW	$5,045,000	NEW	1	unpriced	1.24%
BHAV	BHAV Acquisition Corp Financial Services	NEW	493,719	NEW	$4,902,629	NEW	1	$9.91	1.21%
XFLH	XFLH Capital Corp Financial Services	NEW	475,000	NEW	$4,735,750	NEW	1	$9.94	1.17%
IRHO	Iron Horse Acquisition II Corp. Financial Services	Held	470,000	0	$4,714,100	+1.7%	2	$9.87	1.16%
NMP	NMP Acquisition Corp. Financial Services	Held	450,000	0	$4,617,000	+1.0%	3	$10.00	1.14%
GUAC	Berto Acquisition Corp. II Financial Services	NEW	450,000	NEW	$4,549,500	NEW	1	unpriced	1.12%
BRKH	Burtech Acquisition Corp II Financial Services	NEW	400,000	NEW	$4,008,000	NEW	1	unpriced	0.99%
LTGR	Long Table Growth Corp. Financial Services	NEW	400,000	NEW	$4,004,000	NEW	1	unpriced	0.99%
FERA	Fifth Era Acquisition Corp I Financial Services	Held	350,000	0	$3,647,000	+1.2%	5	$10.05	0.90%
AACI	Armada Acquisition Corp. III Financial Services	NEW	365,000	NEW	$3,646,350	NEW	1	$9.92	0.90%
EMIS	Emmis Acquisition Corp. Financial Services	Held	350,000	0	$3,538,500	+0.6%	3	$9.97	0.87%
EMPD	Empery Digital Inc. Consumer Cyclical	Reduced	989,000	-11,000	$3,520,840	−16.8%	4	$9.03	0.87%
FXAC	FortuneX Acquisition Corp Financial Services	NEW	350,000	NEW	$3,517,500	NEW	1	unpriced	0.87%
TWLV	Twelve Seas Investment Co III Financial Services	Held	350,000	0	$3,496,500	+1.2%	2	$9.90	0.86%
FSHP	Flag Ship Acquisition Corp Financial Services	Reduced	296,443	-5,904	$3,323,126	+0.6%	8	$10.00	0.82%
FWAC	Futurewave Acquisition Corp Financial Services	NEW	325,000	NEW	$3,259,750	NEW	1	unpriced	0.80%
COPL	Copley Acquisition Corp Financial Services	Held	300,000	0	$3,129,000	+1.1%	4	$10.08	0.77%
AIIA	AI Infrastructure Acquisition Corp. Financial Services	Held	300,000	0	$3,069,000	+2.0%	2	$10.02	0.76%
AETR	Aetherion Technologies Inc. Consumer Cyclical	NEW	1,325,121	NEW	$2,994,773	NEW	1	$2.01	0.74%
FMAC	Future Money Acquisition Corp Financial Services	NEW	300,000	NEW	$2,994,000	NEW	1	$9.97	0.74%
NBRG	Newbridge Acquisition Ltd Financial Services	NEW	300,000	NEW	$2,991,000	NEW	1	$9.93	0.74%
VECA	Vernal Capital Acquisition Corp. Financial Services	NEW	300,000	NEW	$2,982,000	NEW	1	$9.95	0.73%
HCIC	Hennessy Capital Investment Corp. VIII Financial Services	NEW	300,000	NEW	$2,979,000	NEW	1	$9.88	0.73%
CMPS	COMPASS Pathways plc Healthcare	Reduced	205,932	-1,286,483	$2,913,937	−64.7%	2	$6.73	0.72%
PTAC	Patriot Acquisition Corp. Financial Services	NEW	280,000	NEW	$2,797,200	NEW	1	unpriced	0.69%
PLMK	Plum Acquisition Corp. IV Financial Services	Reduced	249,569	-431	$2,660,405	+0.8%	5	$10.14	0.65%
FVN	Future Vision II Acquisition Corp. Financial Services	Reduced	240,103	-84,897	$2,629,127	−24.9%	7	$9.99	0.65%
TVAI	Thayer Ventures Acquisition Corp II Financial Services	Held	250,000	0	$2,580,000	+1.1%	4	$10.01	0.63%
ORIQ	Origin Investment Corp I Financial Services	Held	249,900	0	$2,576,469	+1.1%	3	$10.13	0.63%
OBA	Oxley Bridge Acquisition Ltd Financial Services	Held	250,000	0	$2,555,000	+0.9%	3	$10.03	0.63%
MESH	Meshflow Acquisition Corp Financial Services	Held	250,000	0	$2,502,500	+1.2%	2	$9.90	0.62%
AACP	Apogee Acquisition Corp Financial Services	NEW	250,000	NEW	$2,487,500	NEW	1	$9.97	0.61%
CABA	Cabaletta Bio, Inc. Healthcare	NEW	755,626	NEW	$2,349,996	NEW	1	$3.29	0.58%

Showing the top 50 of 295 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.