22NW, LP

CIK

1694297

Location

SEATTLE, WA

Portfolio Value

Micro $4,989,331

Diversification

Diversified

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 SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+82.2%

SPY

+76.8%

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, 2025

Top 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	Positions
Industrials	36.1%	$45,817,989	3
Healthcare	32.2%	$40,859,964	6
Consumer Cyclical	24.6%	$31,215,175	4
Basic Materials	3.9%	$4,989,331	1
Consumer Defensive	2.0%	$2,483,518	1
Financial Services	1.3%	$1,684,071	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
NSP	Insperity, Inc.	+396,700	493,000	$13,330,720
SRI	Stoneridge Inc	+274,211	2,466,975	$11,915,489
MLYS	Mineralys Therapeutics, Inc.	+86,000	444,325	$12,036,764
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
RGNX	REGENXBIO Inc.	−430,920	492,759	$4,129,320
FSTR	Foster L B Co	−123,860	1,067,186	$29,774,489
PFX	PhenixFIN Corp	−74,770	43,115	$1,684,071
NKTR	Nektar Therapeutics	−50,000	281,115	$20,226,224
No positions match the current search.

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
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.

Portfolio Positions

Compact Export CSV View 13F filing

1 positions · $4,989,331 total · Basic Materials only · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
CMT	Core Molding Technologies Inc Basic Materials	Held	222,738	0	$4,989,331	+11.7%	100.00%