22NW, LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
22NW, LP disclosed 20 US equity positions worth $237.6m in its Q4 2025 13F filing. The largest position was ANEB at 35.7% of the reported book, followed by FSTR and LFCR. Against the Q3 2025 filing, it opened 1 new position, added to 2 and reduced 2 among the top 20 holdings.
What did 22NW, LP own in Q4 2025? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ANEB ANEBULO PHARMACEUTICALS INC | 35.7% | $84.8m | 15,467,300 | 0% | held | |
| 2 | FSTR FOSTER L B CO | Industrials | 13.5% | $32.1m | 1,191,046 | -9% | reduced |
| 3 | LFCR LIFECORE BIOMEDICAL INC | 9.7% | $23.0m | 1,254 | 0% | held | |
| 4 | NKTR NEKTAR THERAPEUTICS | Healthcare | 5.9% | $14.0m | 331,115 | 0% | held |
| 5 | RGNX REGENXBIO INC | Healthcare | 5.6% | $13.3m | 923,679 | 0% | held |
| 6 | MLYS MINERALYS THERAPEUTICS INC | Healthcare | 5.5% | $13.0m | 358,325 | 0% | held |
| 7 | SRI STONERIDGE INC | Consumer Cyclical | 5.3% | $12.7m | 2,192,764 | 4% | added |
| 8 | MEC MAYVILLE ENGR CO INC | 3.3% | $7.8m | 414,280 | 4% | added | |
| 9 | CULP CULP INC | 2.8% | $6.6m | 1,859,061 | 0% | held | |
| 10 | PHENIXFIN CORP | 2.2% | $5.2m | 117,885 | 0% | held | |
| 11 | MGTX MEIRAGTX HLDGS PLC | 2.0% | $4.7m | 586,519 | 0% | held | |
| 12 | CMT CORE MOLDING TECHNOLOGIES | 1.9% | $4.5m | 222,738 | 0% | held | |
| 13 | NSP INSPERITY INC | Industrials | 1.6% | $3.7m | 96,300 | – | new |
| 14 | UFI UNIFI INC | Consumer Cyclical | 1.3% | $3.0m | 852,455 | -13% | reduced |
| 15 | FB1 FARMER BROS CO | 1.2% | $2.9m | 1,955,526 | 0% | held | |
| 16 | TISI TEAM INC | 1.0% | $2.4m | 170,187 | 0% | held | |
| 17 | RZLT REZOLUTE INC | 0.8% | $1.9m | 820,653 | 0% | held | |
| 18 | ELDN ELEDON PHARMACEUTICALS INC | 0.4% | $960.9k | 636,364 | 0% | held | |
| 19 | SSKN STRATA SKIN SCIENCES INC | 0.3% | $676.6k | 536,995 | 0% | held | |
| 20 | PSYCHEMEDICS CORPORATION CMN | 0.2% | $441.7k | 276,034 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.