Newtyn Management, LLC
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 29 quarters, returned +10.0% per quarter — versus +3.0% per quarter from simply owning every 13F stock. It beat that baseline in only 62.1% of quarters (excess t = 1.22, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 33 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| NVRI | $108M | | ADD |
| TBPH | $79M | | ADD |
| QDEL | $75M | | ADD |
| AD | $75M | | TRIM |
| VISN | $68M | | ADD |
| INDV | $61M | | NEW |
| AIV | $50M | | ADD |
| TFX | $48M | | NEW |
| RHLD | $39M | | HOLD |
| CNNE | $37M | | TRIM |
| PAR | $36M | | ADD |
| USAR | $35M | | NEW |
| WEAV | $32M | | NEW |
| CCOI | $30M | | ADD |
| MAGN | $26M | | ADD |
| BV | $25M | | HOLD |
| CMP | $18M | | TRIM |
| SPB | $14M | | TRIM |
| RCKT | $11M | | ADD |
| FLWS | $11M | | HOLD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.