HARBERT FUND ADVISORS, INC. Quant / Systematic

CIK: 0001616659 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $3,491 (100.0% shares, 0.0% debt)

Holdings (2)

Exited Positions (10)

LQDA LIQUIDIA CORPORATION 100.9%

Value ($000) $3,520 Shares 154,811 Est. Cost $2.77 Unrealized +927.2%

PCSC PERCEPTIVE CAP SOLUTIONS COR 91.1%

Value ($000) $3,180 Shares 300,000 Est. Cost $10.07 Unrealized +11.9%

FENC FENNEC PHARMACEUTICALS INC 47.7%

Value ($000) $1,664 Shares 177,815 Est. Cost $8.22 Unrealized -0.1%

OCUL OCULAR THERAPEUTIX INC 16.7%

Value ($000) $585 Shares 50,000 Est. Cost $11.96 Unrealized +1.6%

NTSK NETSKOPE INC 9.8%

Value ($000) $341 Shares 15,000 Est. Cost $23.79 Unrealized -12.3%

AMZN AMAZON COM INC 9.5%

Value ($000) $331 Shares 1,507 Est. Cost $119.77 Unrealized +91.0%

TSM TAIWAN SEMICONDUCTOR MFG LTD 9.4%

Value ($000) $330 Shares 1,181 Est. Cost $279.29 Unrealized —

MSFT MICROSOFT CORP 7.9%

Value ($000) $277 Shares 535 Est. Cost $350.59 Unrealized +42.8%

ONCHU 1RT ACQUISITION CORP. 3.0%

Value ($000) $106 Shares 10,000 Est. Cost $10.55 Unrealized —

ILLR TRILLER GROUP INC 0.8%

Value ($000) $28 Shares 33,182 Est. Cost $3.65 Unrealized -83.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LQDA	LIQUIDIA CORPORATION	154,811	$3,520	100.9%	$2.77	+927.2%	—	53635D202
PCSC	PERCEPTIVE CAP SOLUTIONS COR	300,000	$3,180	91.1%	$10.07	+11.9%	—	G70077105
FENC	FENNEC PHARMACEUTICALS INC	177,815	$1,664	47.7%	$8.22	-0.1%	—	31447P100
OCUL	OCULAR THERAPEUTIX INC	50,000	$585	16.7%	$11.96	+1.6%	—	67576A100
NTSK	NETSKOPE INC	15,000	$341	9.8%	$23.79	-12.3%	—	64119N608
AMZN	AMAZON COM INC	1,507	$331	9.5%	$119.77	+91.0%	—	023135106
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,181	$330	9.4%	$279.29	—	—	874039100
MSFT	MICROSOFT CORP	535	$277	7.9%	$350.59	+42.8%	—	594918104
ONCHU	1RT ACQUISITION CORP.	10,000	$106	3.0%	$10.55	—	—	G6757R121
ILLR	TRILLER GROUP INC	33,182	$28	0.8%	$3.65	-83.6%	—	895970101

Decreased Positions (1)

TACT TRANSACT TECHNOLOGIES INC 13.6%

Value ($000) $474 (-79.0%) Shares 118,512 (-71.5%) Est. Cost $10.19 Unrealized -55.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TACT	TRANSACT TECHNOLOGIES INC	118,512 (-71.5%)	$474 (-79.0%)	13.6%	$10.19	-55.6%	COM	892918103

Unchanged Positions (1)

INVE IDENTIV INC 86.4%

Value ($000) $3,017 Shares 785,557 Est. Cost $7.63 Unrealized -52.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
INVE	IDENTIV INC	785,557	$3,017	86.4%	$7.63	-52.7%	COM NEW	45170X205