Heights Capital Management Inc Q2 2026 Portfolio Activity Analysis

As of June 30, 2026, Heights Capital Management Inc has released its portfolio holdings data for Q2. This filing provides valuable insight into their recent investment activity.

The firm's overall portfolio saw a slight increase in value during the quarter, with total assets amounting to $78.94 million as of the reporting date. However, specific changes were observed across individual positions and sectors within this large fund.

Height's demonstrated significant buying activity in several quarters this year:

• AMC Entertainment Holdings Inc (AMC), a Communication Services company, saw its position fully rebuilt with a 100% increase in shares.
• Within the Healthcare sector, they made notable additions to holdings like Taysha Gene Therapies Inc (TSHA), fully initiating a position with this acquisition. Similarly, positions in CABALETTA BIO INC (CABA) and MOONLAKE IMMUNOTHERAPEUTICS (MLTX) were also fully established during this period.
• In the Consumer Cyclical space, they initiated a position in Westport Fuel Systems Inc (WPRT), bringing it back to full strength after any prior reduction or absence.

Conversely, Heights Capital Management also divested from certain holdings during Q2:

• Their stake in Ess Tech Inc (GWH-WS), previously linked under the symbol AMC but now shown separately, decreased by approximately 12.89%. This represents a significant reduction from its previous allocation.
• They also disposed of their entire position in IB Acquisition Corp (IBACR), which experienced an almost 58% decline, effectively exiting this investment.

These changes reflect Height's active management approach. The firm appears to be strategically allocating capital towards companies in the Communication Services and Healthcare sectors while reducing exposure elsewhere within their $78.94 million portfolio framework.