22NW, LP Diversified Active

Location: Seattle, WA

CIK: 0001694297 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: May 15, 2026

Total Value: $146M (100.0% shares, 0.0% debt)

Holdings (16)

New Positions (1)

FOXF FOX FACTORY HLDG CORP 7.7%

Value $11.16M Shares 678,165 Est. Cost $18.93 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FOXF	FOX FACTORY HLDG CORP	678,165	$11.16M	7.7%	$18.93	0.0%	COM	35138V102

Increased Positions (3)

NSP INSPERITY INC 9.1%

Value $13.33M (+257.5%) Shares 493,000 (+411.9%) Est. Cost $37.91 Unrealized -1.0%

MLYS MINERALYS THERAPEUTICS INC 8.2%

Value $12.04M (-7.4%) Shares 444,325 (+24.0%) Est. Cost $15.77 Unrealized +98.8%

SRI STONERIDGE INC 8.2%

Value $11.92M (-6.1%) Shares 2,466,975 (+12.5%) Est. Cost $5.89 Unrealized +22.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NSP	INSPERITY INC	493,000 (+411.9%)	$13.33M (+257.5%)	9.1%	$37.91	-1.0%	COM	45778Q107
MLYS	MINERALYS THERAPEUTICS INC	444,325 (+24.0%)	$12.04M (-7.4%)	8.2%	$15.77	+98.8%	COM	603170101
SRI	STONERIDGE INC	2,466,975 (+12.5%)	$11.92M (-6.1%)	8.2%	$5.89	+22.6%	COM	86183P102

Exited Positions (5)

ANEB ANEBULO PHARMACEUTICALS INC 58.1%

Value $84.76M Shares 15,467,300 Est. Cost $3.13 Unrealized -72.9%

MEC MAYVILLE ENGR CO INC 5.3%

Value $7.755M Shares 414,280 Est. Cost $14.80 Unrealized +33.6%

MGTX MEIRAGTX HLDGS PLC 3.2%

Value $4.663M Shares 586,519 Est. Cost $5.90 Unrealized +29.0%

SSKN STRATA SKIN SCIENCES INC 0.5%

Value $677K Shares 536,995 Est. Cost $4.06 Unrealized -75.2%

PMDI PSYCHEMEDICS CORPORATION CMN 0.3%

Value $442K Shares 276,034 Est. Cost $2.29 Unrealized -27.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ANEB	ANEBULO PHARMACEUTICALS INC	15,467,300	$84.76M	58.1%	$3.13	-72.9%	—	034569103
MEC	MAYVILLE ENGR CO INC	414,280	$7.755M	5.3%	$14.80	+33.6%	—	578605107
MGTX	MEIRAGTX HLDGS PLC	586,519	$4.663M	3.2%	$5.90	+29.0%	—	G59665102
SSKN	STRATA SKIN SCIENCES INC	536,995	$677K	0.5%	$4.06	-75.2%	—	86272A305
PMDI	PSYCHEMEDICS CORPORATION CMN	276,034	$442K	0.3%	$2.29	-27.3%	—	744375304

Decreased Positions (4)

RGNX REGENXBIO INC 2.8%

Value $4.129M (-69.0%) Shares 492,759 (-46.7%) Est. Cost $7.70 Unrealized +50.7%

NKTR NEKTAR THERAPEUTICS 13.9%

Value $20.23M (+44.5%) Shares 281,115 (-15.1%) Est. Cost $23.45 Unrealized +106.1%

PFX PHENIXFIN CORP 1.2%

Value $1.684M (-67.7%) Shares 43,115 (-63.4%) Est. Cost $35.64 Unrealized +23.0%

FSTR FOSTER L B CO 20.4%

Value $29.77M (-7.2%) Shares 1,067,186 (-10.4%) Est. Cost $15.22 Unrealized +96.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RGNX	REGENXBIO INC	492,759 (-46.7%)	$4.129M (-69.0%)	2.8%	$7.70	+50.7%	COM	75901B107
NKTR	NEKTAR THERAPEUTICS	281,115 (-15.1%)	$20.23M (+44.5%)	13.9%	$23.45	+106.1%	COM NEW	640268306
PFX	PHENIXFIN CORP	43,115 (-63.4%)	$1.684M (-67.7%)	1.2%	$35.64	+23.0%	COM	71742W103
FSTR	FOSTER L B CO	1,067,186 (-10.4%)	$29.77M (-7.2%)	20.4%	$15.22	+96.6%	COM	350060109

Unchanged Positions (8)

LFCR LIFECORE BIOMEDICAL INC 12.9%

Value $18.87M Shares 1,254 Est. Cost $10.60 Unrealized -26.4%

CULP CULP INC 3.5%

Value $5.094M Shares 1,859,061 Est. Cost $7.31 Unrealized -51.4%

ELDN ELEDON PHARMACEUTICALS INC 1.3%

Value $1.96M Shares 636,364 Est. Cost $4.12 Unrealized -49.3%

RZLT REZOLUTE INC 1.7%

Value $2.503M Shares 820,653 Est. Cost $6.66 Unrealized -54.0%

CMT CORE MOLDING TECHNOLOGIES IN 3.4%

Value $4.989M Shares 222,738 Est. Cost $16.13 Unrealized +20.2%

FARM FARMER BROS CO 1.7%

Value $2.484M Shares 1,955,526 Est. Cost $7.06 Unrealized -77.7%

TISI TEAM INC 1.9%

Value $2.713M Shares 170,187 Est. Cost $19.38 Unrealized -26.5%

UFI UNIFI INC 2.1%

Value $3.043M Shares 852,455 Est. Cost $5.56 Unrealized -29.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LFCR	LIFECORE BIOMEDICAL INC	1,254	$18.87M	12.9%	$10.60	-26.4%	COM	514766104
CULP	CULP INC	1,859,061	$5.094M	3.5%	$7.31	-51.4%	COM	230215105
ELDN	ELEDON PHARMACEUTICALS INC	636,364	$1.96M	1.3%	$4.12	-49.3%	COM	28617K101
RZLT	REZOLUTE INC	820,653	$2.503M	1.7%	$6.66	-54.0%	COM NEW	76200L309
CMT	CORE MOLDING TECHNOLOGIES IN	222,738	$4.989M	3.4%	$16.13	+20.2%	COM	218683100
FARM	FARMER BROS CO	1,955,526	$2.484M	1.7%	$7.06	-77.7%	COM	307675108
TISI	TEAM INC	170,187	$2.713M	1.9%	$19.38	-26.5%	COM NEW	878155308
UFI	UNIFI INC	852,455	$3.043M	2.1%	$5.56	-29.4%	COM NEW	904677200