# 22NW, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1694297. Source: https://holderbook.com/funds/1694297-22nw-lp/

- Reported value: $104.7M
- Positions: 14
- Weight of the ten largest: 94.6%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| INSPERITY INC | [NSP](https://holderbook.com/stocks/NSP/) | $20.4M | 493,000 | 19.5% | 3 |
| NEKTAR THERAPEUTICS | [NKTR](https://holderbook.com/stocks/NKTR/) | $19.6M | 281,115 | 18.7% | 5 |
| STONERIDGE INC | [SRI](https://holderbook.com/stocks/SRI/) | $18.1M | 2,466,975 | 17.3% | 7 |
| FOX FACTORY HLDG CORP | [FOXF](https://holderbook.com/stocks/FOXF/) | $11.5M | 678,165 | 11.0% | 2 |
| CORE MOLDING TECHNOLOGIES IN | [CMT](https://holderbook.com/stocks/CMT/) | $6.5M | 273,521 | 6.2% | 5 |
| REGENXBIO INC | [RGNX](https://holderbook.com/stocks/RGNX/) | $5.9M | 492,759 | 5.6% | 6 |
| CULP INC | [CULP](https://holderbook.com/stocks/CULP/) | $5.8M | 1,859,061 | 5.5% | 26 |
| REZOLUTE INC | [RZLT](https://holderbook.com/stocks/RZLT/) | $4.3M | 820,653 | 4.1% | 4 |
| UNIFI INC | [UFI](https://holderbook.com/stocks/UFI/) | $4.0M | 852,455 | 3.9% | 7 |
| MINERALYS THERAPEUTICS INC | [MLYS](https://holderbook.com/stocks/MLYS/) | $3.1M | 113,840 | 2.9% | 6 |
| TEAM INC | [TISI](https://holderbook.com/stocks/TISI/) | $2.9M | 170,187 | 2.8% | 6 |
| ELEDON PHARMACEUTICALS INC | [ELDN](https://holderbook.com/stocks/ELDN/) | $2.5M | 636,364 | 2.4% | 6 |
| TURTLE BEACH CORP | [TBCH](https://holderbook.com/stocks/TBCH/) | $179.7K | 14,430 | 0.2% | 1 |
| LIFECORE BIOMEDICAL INC | [LFCR](https://holderbook.com/stocks/LFCR/) | $6.2K | 1,254 | 0.0% | 21 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +30.3% | +14.8% | +15.4% | 98% |
| Q4 2025 | -20.8% | +2.4% | -23.1% | 100% |
| Q3 2025 | +35.4% | +7.8% | +27.5% | 100% |
| Q2 2025 | +59.5% | +10.5% | +49.0% | 88% |
| Q1 2025 | -17.9% | -4.6% | -13.3% | 88% |
| Q4 2024 | +12.9% | +2.1% | +10.8% | 87% |
| Q3 2024 | -1.2% | +5.4% | -6.7% | 87% |
| Q2 2024 | -9.1% | +4.0% | -13.1% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $104.7M | 14 |
| Q1 2026 | $145.9M | 16 |
| Q4 2025 | $237.6M | 20 |
| Q3 2025 | $212.3M | 21 |
| Q2 2025 | $158.8M | 21 |
| Q1 2025 | $149.1M | 20 |
| Q4 2024 | $158.5M | 16 |
| Q3 2024 | $119.3M | 13 |
| Q2 2024 | $117.2M | 13 |
| Q1 2024 | $116.1M | 13 |
| Q4 2023 | $153.5M | 14 |
| Q3 2023 | $140.3M | 14 |