HEIGHTS CAPITAL MANAGEMENT, INC

CIK 0001081698 · Q2 2026

13F Equity AUM

$433.1M

+20.7% QoQ

Positions

323

+58 QoQ

AUM Rank

#4,068

Top 46%

Skill Alpha (FF)

—

Building track record (7q)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 19.8%Top 10: 28.2%Top 20: 40.9%

FLUTTER ENTMT PLC6.9%

AMC5.5%

MGTX2.6%

TSHA2.4%

STARLINK AI ACQUISITION CORP2.3%

CH4 NATURAL SOLUTIONS CORP1.8%

JACS-UN1.7%

JAB ACQUISITION CORP I1.6%

DRUGS MADE IN AMER ACQUTN CO1.6%

TOYWF1.6%

Others (313)71.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Unclassified54.7%

Financial Services21.9%

Healthcare8.7%

Consumer Cyclical8.4%

Communication Services5.5%

Other0.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 323Median: 0.12%Avg: 0.31%

0–0.5%

266(31.2%)

0.5–1%

31(21.3%)

1–3%

24(35.1%)

3–5%

0(0.0%)

5%+

2(12.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 323vs 20 funds

0%Low

323

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Loading overlap analysis...

Position Changes This Quarter

New165Increased1Decreased75Exited107

New Positions

AMC5.5%

+12.6M

MGTX2.6%

+850K

TSHA2.4%

+1.5M

STARLINK AI ACQUISIT…2.3%

+1000K

CH4 NATURAL SOLUTION…1.8%

+800K

JAB ACQUISITION CORP…1.6%

+700K

TOYWF1.6%

+989K

SNOW ROTHSCHILD ACQU…1.5%

+650K

GORES HOLDINGS XI IN…1.4%

+600K

IRON DOME ACQUISITIO…1.4%

+600K

Increased

NYXOAH S A0.3%

+520K(+169%)

Decreased

CMPS0.7%

-1,286,483(-86%)

GWH0.1%

-414,874(-43%)

BCTXZ0.0%

-226,719(-42%)

IRON HORSE ACQUISIT …0.0%

-152,662(-32%)

HALL CHADWICK ACQUIS…0.0%

-117,679(-80%)

BRIACELL THERAPEUTIC…0.0%

-113,418(-38%)

GIWWU0.0%

-106,914(-76%)

FVNNU0.6%

-84,897(-26%)

GWH/WS0.0%

-75,497(-13%)

KOCHAV DEFENSE ACQUI…0.0%

-62,270(-20%)

Exited

-12,395,558

-815,542

-3,136,465

-790,000

PONO CAP FOUR INC

-550,000

M3BRIGADE ACQUISITIO…

-500,000

BHAV ACQUISITION COR…

-495,000

XFLH CAP CORP

-475,000

CHURCHILL CAP CORP X…

-448,176

GPATW

-388,719

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...