22NW, LP
Filing Date
Global Rank
#5,185
/ 8,588
▼ 118
Top Industry
Biotechnology
32.2%
3Y Alpha vs SPY
+1.2%
Period ended 3 months ago
Filed May 15, 2026 · 33d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+83.6%
SPY
+78.1%
Annualised alpha
+1.2%
Max drawdown
−27.5%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
16 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
23.4%
+1.4 pts
Top 5
68.7%
+8.2 pts
Top 10
91.1%
+5.1 pts
HHI
1,232
Diversified+195
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Industrials | 36.1% | $45,817,989 |
| Healthcare | 32.2% | $40,859,964 |
| Consumer Cyclical | 24.6% | $31,215,175 |
| Basic Materials | 3.9% | $4,989,331 |
| Consumer Defensive | 2.0% | $2,483,518 |
| Financial Services | 1.3% | $1,684,071 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced
4 positions
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| FOXF | Fox Factory Holding Corp | 678,165 | $11,162,595 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
5 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| ANEB | Anebulo Pharmaceuticals, Inc. | 15,467,300 | $15,621,973 | |
| MEC | Mayville Engineering Company, Inc. | 414,280 | $7,755,321 | |
| MGTX | MeiraGTx Holdings plc | 586,519 | $4,662,826 | |
| SSKN | STRATA Skin Sciences, Inc. | 536,995 | $676,613 | |
| PMDI | Psychemedics Corp | 276,034 | $441,654 | |
| No positions match the current search. | ||||
16 positions ·
$127,050,048 total
· as of Mar 31, 2026
All sectors
Basic Materials
Consumer Cyclical
Consumer Defensive
Financial Services
Healthcare
Industrials
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| FSTR |
Foster L B Co
Industrials
|
Reduced | 1,067,186 | $29,774,489 | 23.44% | |
| NKTR |
Nektar Therapeutics
Healthcare
|
Reduced | 281,115 | $20,226,224 | 15.92% | |
| NSP |
Insperity, Inc.
Industrials
|
Added | 493,000 | $13,330,720 | 10.49% | |
| MLYS |
Mineralys Therapeutics, Inc.
Healthcare
|
Added | 444,325 | $12,036,764 | 9.47% | |
| SRI |
Stoneridge Inc
Consumer Cyclical
|
Added | 2,466,975 | $11,915,489 | 9.38% | |
| FOXF |
Fox Factory Holding Corp
Consumer Cyclical
|
NEW | 678,165 | $11,162,595 | 8.79% | |
| CULP |
Culp Inc
Consumer Cyclical
|
Held | 1,859,061 | $5,093,827 | 4.01% | |
| CMT |
Core Molding Technologies Inc
Basic Materials
|
Held | 222,738 | $4,989,331 | 3.93% | |
| RGNX |
REGENXBIO Inc.
Healthcare
|
Reduced | 492,759 | $4,129,320 | 3.25% | |
| UFI |
Unifi Inc
Consumer Cyclical
|
Held | 852,455 | $3,043,264 | 2.40% | |
| TISI |
Team Inc
Industrials
|
Held | 170,187 | $2,712,780 | 2.14% | |
| RZLT |
Rezolute, Inc.
Healthcare
|
Held | 820,653 | $2,502,991 | 1.97% | |
| FARM |
FARMER BROTHERS CO
Consumer Defensive
|
Held | 1,955,526 | $2,483,518 | 1.95% | |
| ELDN |
Eledon Pharmaceuticals, Inc.
Healthcare
|
Held | 636,364 | $1,960,001 | 1.54% | |
| PFX |
PhenixFIN Corp
Financial Services
|
Reduced | 43,115 | $1,684,071 | 1.33% | |
| LFCR |
Lifecore Biomedical, Inc. \De\
Healthcare
|
Held | 1,254 | $4,664 | 0.00% |