Heights Capital Management

SAN FRANCISCO, CAfiles as HEIGHTS CAPITAL MANAGEMENT, INC

$433m in 323 US stocks at the end of 30 June 2026. The top 10 are 28.2% of the money. It changed about 58.8% of the portfolio this quarter.

Value

$433m

Stocks

323

Top 10 share

28.2%

Turnover

58.8%

What changed this quarter

New

Bought for the first time this quarter.

AMC Entertainment HoldingsAMC
5.5% of the fund
MeiraGTx HoldingsMGTX
2.7% of the fund
Taysha Gene TherapiesTSHA
2.4% of the fund
Starlink AI AcquisitionOTAI-U
2.3% of the fund
CH4 Natural SolutionsMTNE
1.8% of the fund
JAB Acquisition Corp IATLQU
1.6% of the fund
ToyoTOYO
1.6% of the fund
Snow Rothschild AcquisitionISNRU
1.5% of the fund
Gores Holdings XIGHXIU
1.4% of the fund
Iron Dome Acquisition IIDACU
1.4% of the fund
Alpex AcquisitionALPXU
1.3% of the fund
Pono Capital FourPONO
1.3% of the fund
ProQR TherapeuticsPRQR
1.2% of the fund
Ocean CAP AcquisitionOCAC-U
1.2% of the fund
General Catalyst Global Resilience MergerGCGR
1.2% of the fund
Disciplined GrowthDGAC-U
1.2% of the fund
BHAV AcquisitionBHAV
1.1% of the fund
XFLH CapitalXFLH
1.1% of the fund
Berto Acquisition Corp IIGUACU
1.1% of the fund
Burtech Acquisition Corp IIBRKHU
0.9% of the fund
Long Table GrowthLTGRU
0.9% of the fund
Armada Acquisition Corp. IIIAACI
0.8% of the fund
Fortunex AcquisitionFXACU
0.8% of the fund
Futurewave AcquisitionFWACU
0.8% of the fund
Newbridge AcquisitionNBRG
0.7% of the fund

Added

Bought more of a stock they already held.

Nyxoah SANYXH
0.3% of the fund
+169%

Cut

Sold some of their stake.

COMPASS PathwaysCMPS
0.7% of the fund
-86%
Future Vision II AcquisitionFVN
0.6% of the fund
-26%
Armada Acquisition Corp. IIXRPN
0.4% of the fund
-8%
Cantor Equity Partners VICEPS
0.2% of the fund
-2%
Berto AcquisitionTACO
0.2% of the fund
-5%
Inflection Point Acquisition Corp. VIPEX
0.2% of the fund
-5%
Pantages Capital AcquisitionPGAC
0.2% of the fund
-2%
ESS TechGWH
0.1% of the fund
-43%
Charlton Aria AcquisitionCHAR
<0.1% of the fund
-15%
Health In TechHIT
<0.1% of the fund
-6%
Andretti Acquisition Corp. IIPOLE
<0.1% of the fund
-5%
Newbury Street II AcquisitionNTWO
<0.1% of the fund
-3%
Gold RoyaltyGROY-WS
<0.1% of the fund
-4%
Briacell TherapeuticsBCTXL
<0.1% of the fund
-38%
NMP AcquisitionNMPAR
<0.1% of the fund
-3%
Twelve Seas Investment Co III/CaymanTWLVR
<0.1% of the fund
-4%
Iron Horse Acquisition IIIRHOR
<0.1% of the fund
-32%
Kochav Defense AcquiKCHVR
<0.1% of the fund
-20%
Silver Pegasus AcquisitionSPEGR
<0.1% of the fund
-19%
Republic Digital AcquisitionRDAGW
<0.1% of the fund
-4%
Lakeshore Acquisition IIILCCCR
<0.1% of the fund
-4%
Briacell TherapeuticsBCTXZ
<0.1% of the fund
-42%
Drugs Made IN Amer ACQ IIDMIIR
<0.1% of the fund
-3%
UY Scuti AcquisitionUYSCR
<0.1% of the fund
-3%
BEST SPAC I AcquisitionBSAAR
<0.1% of the fund
-12%

Sold out

Sold their entire stake.

Solid PowerSLDP
-100%
IonQIONQ
-100%
SealsqLAES
-100%
FG Merger II
-100%
Pono CAP FourPONOU
-100%
Velos Acquisition IVLOS
-100%
Bhav AcquisitionBHAVU
-100%
Xflh CAPXFLH-U
-100%
Churchill Capital Corp XICCXI
-100%
GP-Act III AcquisitionGPAT
-100%
Candel TherapeuticsCADL
-100%
Armada Acquisition Corp IIIAACIU
-100%
Newbridge AcquisitionNBRGU
-100%
Hennessy CAP Invts Corp ViiiHCICU
-100%
Future Money Acquisition CORFMACU
-100%
Bleichroeder Acquisiti
-100%
Spring VY Acquisition Corp ISVIVU
-100%
Enhanced GroupENHA
-100%
KrakacquisitionKRAQU
-100%
Scynexis
-100%
Iris Acquisition Corp IIIRAB-U
-100%
BEST SPAC I AcquisitionBSAA
-100%
Qdro AcquisitionQADRU
-100%
Factorial EnergyFAC
-100%
Inflection PT AcquisitIPFXU
-100%

Holdings

Flutter EntertainmentFLUT
Share
6.9%
Value
$30m
Shares
294,180
Held
AMC Entertainment HoldingsAMC
Share
5.5%
Value
$24m
Shares
12,613,528
New
MeiraGTx HoldingsMGTX
Share
2.7%
Value
$11m
Shares
850,000
New
Taysha Gene TherapiesTSHA
Share
2.4%
Value
$10m
Shares
1,500,000
New
Starlink AI AcquisitionOTAI-U
Share
2.3%
Value
$10m
Shares
999,990
New
CH4 Natural SolutionsMTNE
Share
1.8%
Value
$8m
Shares
800,000
New
Jackson Acquisition Co IIJACS
Share
1.7%
Value
$7m
Shares
700,000
Held
JAB Acquisition Corp IATLQU
Share
1.6%
Value
$7m
Shares
700,000
New
Drugs Made In America AcquisitionDMAA
Share
1.6%
Value
$7m
Shares
648,083
Held
ToyoTOYO
Share
1.6%
Value
$7m
Shares
989,231
New
Snow Rothschild AcquisitionISNRU
Share
1.5%
Value
$7m
Shares
650,000
New
Gores Holdings XIGHXIU
Share
1.4%
Value
$6m
Shares
600,000
New
Iron Dome Acquisition IIDACU
Share
1.4%
Value
$6m
Shares
600,000
New
Alpex AcquisitionALPXU
Share
1.3%
Value
$6m
Shares
550,000
New
Pono Capital FourPONO
Share
1.3%
Value
$5m
Shares
549,714
New
Drugs Made In America Acquisition IIDMII
Share
1.2%
Value
$5m
Shares
519,400
Held
Kochav Defense AcquisitionKCHV
Share
1.2%
Value
$5m
Shares
500,000
Held
ProQR TherapeuticsPRQR
Share
1.2%
Value
$5m
Shares
2,762,430
New
Ocean CAP AcquisitionOCAC-U
Share
1.2%
Value
$5m
Shares
500,000
New
General Catalyst Global Resilience MergerGCGR
Share
1.2%
Value
$5m
Shares
500,000
New
Disciplined GrowthDGAC-U
Share
1.2%
Value
$5m
Shares
500,000
New
BHAV AcquisitionBHAV
Share
1.1%
Value
$5m
Shares
493,719
New
XFLH CapitalXFLH
Share
1.1%
Value
$5m
Shares
475,000
New
Iron Horse Acquisition IIIRHO
Share
1.1%
Value
$5m
Shares
470,000
Held
NMP AcquisitionNMP
Share
1.1%
Value
$5m
Shares
450,000
Held
Berto Acquisition Corp IIGUACU
Share
1.1%
Value
$5m
Shares
450,000
New
Burtech Acquisition Corp IIBRKHU
Share
0.9%
Value
$4m
Shares
400,000
New
Long Table GrowthLTGRU
Share
0.9%
Value
$4m
Shares
400,000
New
Fifth Era Acquisition Corp IFERA
Share
0.8%
Value
$4m
Shares
350,000
Held
Armada Acquisition Corp. IIIAACI
Share
0.8%
Value
$4m
Shares
365,000
New
Emmis AcquisitionEMIS
Share
0.8%
Value
$4m
Shares
350,000
Held
Empery DigitalEMPD
Share
0.8%
Value
$4m
Shares
989,000
Held
Fortunex AcquisitionFXACU
Share
0.8%
Value
$4m
Shares
350,000
New
Twelve Seas Investment Co III/CaymanTWLV
Share
0.8%
Value
$3m
Shares
350,000
Held
Flag Ship AcquisitionFSHP
Share
0.8%
Value
$3m
Shares
296,443
Held
Futurewave AcquisitionFWACU
Share
0.8%
Value
$3m
Shares
325,000
New
Copley AcquisitionCOPL
Share
0.7%
Value
$3m
Shares
300,000
Held
AI Infrastructure AcquisitionAIIA
Share
0.7%
Value
$3m
Shares
300,000
Held
Newbridge AcquisitionNBRG
Share
0.7%
Value
$3m
Shares
300,000
New
Westport Fuel SystemsWPRT
Share
0.7%
Value
$3m
Shares
1,325,121
New
Future Money AcquisitionFMAC
Share
0.7%
Value
$3m
Shares
300,000
New
Vernal Capital AcquisitionVECA
Share
0.7%
Value
$3m
Shares
300,000
New
Hennessy Capital Investment Corp. VIIIHCIC
Share
0.7%
Value
$3m
Shares
300,000
New
COMPASS PathwaysCMPS
Share
0.7%
Value
$3m
Shares
205,932
-86%
Patriot AcquisitionPTACU
Share
0.6%
Value
$3m
Shares
280,000
New
Plum Acquisition Corp. IVPLMK
Share
0.6%
Value
$3m
Shares
249,569
Held
Future Vision II AcquisitionFVN
Share
0.6%
Value
$3m
Shares
240,103
-26%
Thayer Ventures Acquisition Corp IITVAI
Share
0.6%
Value
$3m
Shares
250,000
Held
Origin Investment Corp IORIQ
Share
0.6%
Value
$3m
Shares
249,900
Held
Oxley Bridge AcquisitionOBA
Share
0.6%
Value
$3m
Shares
250,000
Held
Meshflow AcquisitionMESH
Share
0.6%
Value
$3m
Shares
250,000
Held
Apogee AcquisitionAACP
Share
0.6%
Value
$2m
Shares
250,000
New
Amplitech Group
Share
0.6%
Value
$2m
Shares
1,220,188
Held
Cabaletta BioCABA
Share
0.5%
Value
$2m
Shares
755,626
New
Energy Transition Special OpportunitiesETSS
Share
0.5%
Value
$2m
Shares
228,119
New
ChampionsGate AcquisitionCHPG
Share
0.5%
Value
$2m
Shares
212,182
Held
Aeon Acquisition IAESPU
Share
0.5%
Value
$2m
Shares
215,000
New
Lake Superior AcquisitionLKSP
Share
0.5%
Value
$2m
Shares
210,000
Held
Lakeshore Acquisition IIILCCC
Share
0.5%
Value
$2m
Shares
198,882
Held
Sizzle Acquisition Corp. IISZZL
Share
0.5%
Value
$2m
Shares
200,000
Held
Soulpower AcquisitionSOUL
Share
0.5%
Value
$2m
Shares
200,000
Held
Silver Pegasus AcquisitionSPEG
Share
0.5%
Value
$2m
Shares
199,100
Held
Spring Valley Acquisition Corp. IVSVIV
Share
0.5%
Value
$2m
Shares
199,749
New
AA Mission Acquisition Corp. IIYCY
Share
0.5%
Value
$2m
Shares
200,000
Held
Crown Reserve Acquisition Corp. ICRAC
Share
0.5%
Value
$2m
Shares
200,000
Held
KRAKacquisitionKRAQ
Share
0.5%
Value
$2m
Shares
200,000
New
Dynamix Corp IIIDNMX
Share
0.5%
Value
$2m
Shares
200,000
Held
QuasarEdge AcquisitionQRED
Share
0.5%
Value
$2m
Shares
200,000
New
Aperture ACAPUR
Share
0.5%
Value
$2m
Shares
200,000
New
MoonLake ImmunotherapeuticsMLTX
Share
0.4%
Value
$2m
Shares
100,000
New
Keel InfrastructureKEEL
Share
0.4%
Value
$2m
Shares
326,216
New
UY Scuti AcquisitionUYSC
Share
0.4%
Value
$2m
Shares
173,367
Held
Armada Acquisition Corp. IIXRPN
Share
0.4%
Value
$2m
Shares
176,886
-8%
Iris Acquisition Corp IIIRAB
Share
0.4%
Value
$2m
Shares
185,000
New
Republic Digital AcquisitionRDAG
Share
0.4%
Value
$2m
Shares
178,000
Held
Amplitech GroupAMPGZ
Share
0.4%
Value
$2m
Shares
1,230,000
Held
ARC Group Acquisition IARCL
Share
0.4%
Value
$2m
Shares
172,500
New
Cayson AcquisitionCAPN
Share
0.4%
Value
$2m
Shares
149,531
Held
Calcimedica
Share
0.4%
Value
$2m
Shares
1,556,081
New
QDRO AcquisitionQADR
Share
0.4%
Value
$2m
Shares
160,000
New
Vishay IntertechnologyVSH
Share
0.4%
Value
$2m
Shares
28,600
New
Quantumsphere AcquisitionQUMS
Share
0.4%
Value
$2m
Shares
150,000
Held
Kensington CAP AcquisitionKCA-U
Share
0.4%
Value
$2m
Shares
150,000
New
Westin AcquisitionWSTN
Share
0.4%
Value
$2m
Shares
150,000
Held
Ares Acquisition Corp IIIAAC-U
Share
0.3%
Value
$2m
Shares
150,000
New
Hall Chadwick AcquisitionHCAC
Share
0.3%
Value
$2m
Shares
149,990
Held
SC II AcquisitionSCII
Share
0.3%
Value
$2m
Shares
150,000
Held
Invest Green AcquisitionIGAC
Share
0.3%
Value
$2m
Shares
150,000
Held
Cartesian Growth Corp IVCGCFU
Share
0.3%
Value
$2m
Shares
150,000
New
X3 AcquisitionXCBE
Share
0.3%
Value
$1m
Shares
150,000
New
GalaxyEdge AcquisitionGLED
Share
0.3%
Value
$1m
Shares
150,000
New
GigCapital8GIW
Share
0.3%
Value
$1m
Shares
141,583
Held
Nyxoah SANYXH
Share
0.3%
Value
$1m
Shares
828,803
+169%
Globa Terra AcquisitionGTERA
Share
0.3%
Value
$1m
Shares
124,229
Held
Titan AcquisitionTACH
Share
0.3%
Value
$1m
Shares
120,000
Held
Aldabra 4 Liquidity Opportunity VehicleALOV
Share
0.3%
Value
$1m
Shares
125,000
New
West Enclave MergerWENC
Share
0.3%
Value
$1m
Shares
125,000
New
Clearthink 1 AcquisitionCTAA
Share
0.3%
Value
$1m
Shares
125,000
New
Oceanhawk AcquisitionOHAC
Share
0.3%
Value
$1m
Shares
125,000
New
Maywood Acquisition Corp. 2MYX
Share
0.3%
Value
$1m
Shares
125,000
New

Company	Share of fund	Value	Shares	Change
Flutter EntertainmentFLUT	6.9%	$30m	294,180	Held
AMC Entertainment HoldingsAMC	5.5%	$24m	12,613,528	New
MeiraGTx HoldingsMGTX	2.7%	$11m	850,000	New
Taysha Gene TherapiesTSHA	2.4%	$10m	1,500,000	New
Starlink AI AcquisitionOTAI-U	2.3%	$10m	999,990	New
CH4 Natural SolutionsMTNE	1.8%	$8m	800,000	New
Jackson Acquisition Co IIJACS	1.7%	$7m	700,000	Held
JAB Acquisition Corp IATLQU	1.6%	$7m	700,000	New
Drugs Made In America AcquisitionDMAA	1.6%	$7m	648,083	Held
ToyoTOYO	1.6%	$7m	989,231	New
Snow Rothschild AcquisitionISNRU	1.5%	$7m	650,000	New
Gores Holdings XIGHXIU	1.4%	$6m	600,000	New
Iron Dome Acquisition IIDACU	1.4%	$6m	600,000	New
Alpex AcquisitionALPXU	1.3%	$6m	550,000	New
Pono Capital FourPONO	1.3%	$5m	549,714	New
Drugs Made In America Acquisition IIDMII	1.2%	$5m	519,400	Held
Kochav Defense AcquisitionKCHV	1.2%	$5m	500,000	Held
ProQR TherapeuticsPRQR	1.2%	$5m	2,762,430	New
Ocean CAP AcquisitionOCAC-U	1.2%	$5m	500,000	New
General Catalyst Global Resilience MergerGCGR	1.2%	$5m	500,000	New
Disciplined GrowthDGAC-U	1.2%	$5m	500,000	New
BHAV AcquisitionBHAV	1.1%	$5m	493,719	New
XFLH CapitalXFLH	1.1%	$5m	475,000	New
Iron Horse Acquisition IIIRHO	1.1%	$5m	470,000	Held
NMP AcquisitionNMP	1.1%	$5m	450,000	Held
Berto Acquisition Corp IIGUACU	1.1%	$5m	450,000	New
Burtech Acquisition Corp IIBRKHU	0.9%	$4m	400,000	New
Long Table GrowthLTGRU	0.9%	$4m	400,000	New
Fifth Era Acquisition Corp IFERA	0.8%	$4m	350,000	Held
Armada Acquisition Corp. IIIAACI	0.8%	$4m	365,000	New
Emmis AcquisitionEMIS	0.8%	$4m	350,000	Held
Empery DigitalEMPD	0.8%	$4m	989,000	Held
Fortunex AcquisitionFXACU	0.8%	$4m	350,000	New
Twelve Seas Investment Co III/CaymanTWLV	0.8%	$3m	350,000	Held
Flag Ship AcquisitionFSHP	0.8%	$3m	296,443	Held
Futurewave AcquisitionFWACU	0.8%	$3m	325,000	New
Copley AcquisitionCOPL	0.7%	$3m	300,000	Held
AI Infrastructure AcquisitionAIIA	0.7%	$3m	300,000	Held
Newbridge AcquisitionNBRG	0.7%	$3m	300,000	New
Westport Fuel SystemsWPRT	0.7%	$3m	1,325,121	New
Future Money AcquisitionFMAC	0.7%	$3m	300,000	New
Vernal Capital AcquisitionVECA	0.7%	$3m	300,000	New
Hennessy Capital Investment Corp. VIIIHCIC	0.7%	$3m	300,000	New
COMPASS PathwaysCMPS	0.7%	$3m	205,932	-86%
Patriot AcquisitionPTACU	0.6%	$3m	280,000	New
Plum Acquisition Corp. IVPLMK	0.6%	$3m	249,569	Held
Future Vision II AcquisitionFVN	0.6%	$3m	240,103	-26%
Thayer Ventures Acquisition Corp IITVAI	0.6%	$3m	250,000	Held
Origin Investment Corp IORIQ	0.6%	$3m	249,900	Held
Oxley Bridge AcquisitionOBA	0.6%	$3m	250,000	Held
Meshflow AcquisitionMESH	0.6%	$3m	250,000	Held
Apogee AcquisitionAACP	0.6%	$2m	250,000	New
Amplitech Group	0.6%	$2m	1,220,188	Held
Cabaletta BioCABA	0.5%	$2m	755,626	New
Energy Transition Special OpportunitiesETSS	0.5%	$2m	228,119	New
ChampionsGate AcquisitionCHPG	0.5%	$2m	212,182	Held
Aeon Acquisition IAESPU	0.5%	$2m	215,000	New
Lake Superior AcquisitionLKSP	0.5%	$2m	210,000	Held
Lakeshore Acquisition IIILCCC	0.5%	$2m	198,882	Held
Sizzle Acquisition Corp. IISZZL	0.5%	$2m	200,000	Held
Soulpower AcquisitionSOUL	0.5%	$2m	200,000	Held
Silver Pegasus AcquisitionSPEG	0.5%	$2m	199,100	Held
Spring Valley Acquisition Corp. IVSVIV	0.5%	$2m	199,749	New
AA Mission Acquisition Corp. IIYCY	0.5%	$2m	200,000	Held
Crown Reserve Acquisition Corp. ICRAC	0.5%	$2m	200,000	Held
KRAKacquisitionKRAQ	0.5%	$2m	200,000	New
Dynamix Corp IIIDNMX	0.5%	$2m	200,000	Held
QuasarEdge AcquisitionQRED	0.5%	$2m	200,000	New
Aperture ACAPUR	0.5%	$2m	200,000	New
MoonLake ImmunotherapeuticsMLTX	0.4%	$2m	100,000	New
Keel InfrastructureKEEL	0.4%	$2m	326,216	New
UY Scuti AcquisitionUYSC	0.4%	$2m	173,367	Held
Armada Acquisition Corp. IIXRPN	0.4%	$2m	176,886	-8%
Iris Acquisition Corp IIIRAB	0.4%	$2m	185,000	New
Republic Digital AcquisitionRDAG	0.4%	$2m	178,000	Held
Amplitech GroupAMPGZ	0.4%	$2m	1,230,000	Held
ARC Group Acquisition IARCL	0.4%	$2m	172,500	New
Cayson AcquisitionCAPN	0.4%	$2m	149,531	Held
Calcimedica	0.4%	$2m	1,556,081	New
QDRO AcquisitionQADR	0.4%	$2m	160,000	New
Vishay IntertechnologyVSH	0.4%	$2m	28,600	New
Quantumsphere AcquisitionQUMS	0.4%	$2m	150,000	Held
Kensington CAP AcquisitionKCA-U	0.4%	$2m	150,000	New
Westin AcquisitionWSTN	0.4%	$2m	150,000	Held
Ares Acquisition Corp IIIAAC-U	0.3%	$2m	150,000	New
Hall Chadwick AcquisitionHCAC	0.3%	$2m	149,990	Held
SC II AcquisitionSCII	0.3%	$2m	150,000	Held
Invest Green AcquisitionIGAC	0.3%	$2m	150,000	Held
Cartesian Growth Corp IVCGCFU	0.3%	$2m	150,000	New
X3 AcquisitionXCBE	0.3%	$1m	150,000	New
GalaxyEdge AcquisitionGLED	0.3%	$1m	150,000	New
GigCapital8GIW	0.3%	$1m	141,583	Held
Nyxoah SANYXH	0.3%	$1m	828,803	+169%
Globa Terra AcquisitionGTERA	0.3%	$1m	124,229	Held
Titan AcquisitionTACH	0.3%	$1m	120,000	Held
Aldabra 4 Liquidity Opportunity VehicleALOV	0.3%	$1m	125,000	New
West Enclave MergerWENC	0.3%	$1m	125,000	New
Clearthink 1 AcquisitionCTAA	0.3%	$1m	125,000	New
Oceanhawk AcquisitionOHAC	0.3%	$1m	125,000	New
Maywood Acquisition Corp. 2MYX	0.3%	$1m	125,000	New

Showing the largest 100 of 323.

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 39.1% since 30 June 2025.

Where the money is

Financial services50.7%

Technology11.6%

Health care9.1%

Media & telecom5.5%

Industrials0.8%

Utilities0.8%

Materials0.3%

Everyday goods0.1%

Retail & consumer0.0%

Other21.0%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.