22NW, LP
Registered adviserRegulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $295,587,873 | Pooled investment vehicles (100%) |
| Apr 2025 to Mar 2026 | $261,149,617 | Pooled investment vehicles (100%) |
| Apr 2024 to Mar 2025 | $342,665,331 | Pooled investment vehicles (100%) |
| May 2023 to Mar 2024 | $355,741,004 | Pooled investment vehicles (100%) |
| Mar 2023 to Apr 2023 | $355,741,004 | Pooled investment vehicles (100%) |
| Apr 2022 to Feb 2023 | $409,613,666 | Pooled investment vehicles (100%) |
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: the Russell 2000 as of 2026-06-30, active share 99.7%; sector active share 69.9% against the combined 13F book's sector weights.
Over time 26 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.
View clone backtestPortfolio Concentration
14 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 37.6% | $39,362,012 |
| Healthcare | 33.8% | $35,380,545 |
| Industrials | 22.3% | $23,306,661 |
| Basic Materials | 6.2% | $6,455,095 |
| Technology | 0.2% | $179,653 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CMT | Core Molding Technologies Inc | +50,783 | 273,521 | $6,455,095 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| MLYS | Mineralys Therapeutics, Inc. | −330,485 | 113,840 | $3,071,403 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TBCH | Turtle Beach Corp | 14,430 | $179,653 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NSP |
Insperity, Inc.
Industrials
|
Held | 493,000 | $20,365,830 | 19.45% | |
| NKTR |
Nektar Therapeutics
Healthcare
|
Held | 281,115 | $19,624,638 | 18.75% | |
| SRI |
Stoneridge Inc
Consumer Cyclical
|
Held | 2,466,975 | $18,058,257 | 17.25% | |
| FOXF |
Fox Factory Holding Corp
Consumer Cyclical
|
Held | 678,165 | $11,491,505 | 10.98% | |
| CMT |
Core Molding Technologies Inc
Basic Materials
|
Added | 273,521 | $6,455,095 | 6.17% | |
| RGNX |
REGENXBIO Inc.
Healthcare
|
Held | 492,759 | $5,903,252 | 5.64% | |
| CULP |
Culp Inc
Consumer Cyclical
|
Held | 1,859,061 | $5,763,089 | 5.51% | |
| RZLT |
Rezolute, Inc.
Healthcare
|
Held | 820,653 | $4,267,395 | 4.08% | |
| UFI |
Unifi Inc
Consumer Cyclical
|
Held | 852,455 | $4,049,161 | 3.87% | |
| MLYS |
Mineralys Therapeutics, Inc.
Healthcare
|
Reduced | 113,840 | $3,071,403 | 2.93% | |
| TISI |
Team Inc
Industrials
|
Held | 170,187 | $2,940,831 | 2.81% | |
| ELDN |
Eledon Pharmaceuticals, Inc.
Healthcare
|
Held | 636,364 | $2,507,274 | 2.40% | |
| TBCH |
Turtle Beach Corp
Technology
|
NEW | 14,430 | $179,653 | 0.17% | |
| LFCR |
Lifecore Biomedical, Inc. \De\
Healthcare
|
Held | 1,254 | $6,583 | 0.01% |
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.