Aigh Capital Management 13F annual report

Aigh Capital Management is an investment fund managing more than $207 billion ran by Orin Hirschman. There are currently 39 companies in Mr. Hirschman’s portfolio. The largest investments include scPharmaceuticals Inc and Ouster Inc, together worth $31.8 billion.

$207 billion Assets Under Management (AUM)

As of 7th May 2024, Aigh Capital Management’s top holding is 3,389,159 shares of scPharmaceuticals Inc currently worth over $17 billion and making up 8.2% of the portfolio value. Relative to the number of outstanding shares of scPharmaceuticals Inc, Aigh Capital Management owns less than approximately 0.1% of the company. In addition, the fund holds 1,857,114 shares of Ouster Inc worth $14.7 billion. The third-largest holding is Electrovaya Inc worth $14.4 billion and the next is Cellectar Biosciences Inc worth $11.2 billion, with 2,804,917 shares owned.

Currently, Aigh Capital Management's portfolio is worth at least $207 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Aigh Capital Management

The Aigh Capital Management office and employees reside in Baltimore, Maryland. According to the last 13-F report filed with the SEC, Orin Hirschman serves as the Managing Member at Aigh Capital Management.

Recent trades

In the most recent 13F filing, Aigh Capital Management revealed that it had opened a new position in Humacyte Inc and bought 2,155,958 shares worth $6.71 billion.

The investment fund also strengthened its position in scPharmaceuticals Inc by buying 282,364 additional shares. This makes their stake in scPharmaceuticals Inc total 3,389,159 shares worth $17 billion. scPharmaceuticals Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Aigh Capital Management is getting rid of from its portfolio. Aigh Capital Management closed its position in Aspen Aerogels on 14th May 2024. It sold the previously owned 1,804,484 shares for $28.5 billion. Orin Hirschman also disclosed a decreased stake in Coya Therapeutics Inc by 0.4%. This leaves the value of the investment at $6.44 billion and 649,427 shares.

One of the smallest hedge funds

The two most similar investment funds to Aigh Capital Management are Corundum and Gs Investments. They manage $207 billion and $207 billion respectively.


Orin Hirschman investment strategy

Aigh Capital Management’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Health Care — making up 45.0% of the total portfolio value. The fund focuses on investments in the United States as 46.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 36% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $175 million.

The complete list of Aigh Capital Management trades based on 13F SEC filings

These positions were updated on May 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Aspen Aerogels Inc.
Closed
1,804,484
$28,474,758,000
Indie Semiconductor Inc
Closed
2,255,000
$18,288,050,000
scPharmaceuticals Inc
9.09%
3,389,159
$17,013,578,000 8.21%
Transphorm Inc
Closed
4,621,058
$16,866,862,000
Ouster Inc
No change
1,857,114
$14,745,485,000 7.11%
Electrovaya Inc
22.86%
4,119,941
$14,393,739,000 6.94%
Cellectar Biosciences Inc
46.45%
2,804,917
$11,163,569,000 5.38%
Delcath Sys Inc
99.61%
2,359,728
$11,093,406,000 5.35%
Myomo Inc
5.03%
2,802,592
$9,164,476,000 4.42%
TELA Bio, Inc.
2.71%
1,415,255
$8,024,496,000 3.87%
Humacyte Inc
Opened
2,155,958
$6,705,029,000 3.23%
Beyond Air, Inc.
Opened
3,714,458
$6,463,157,000 3.12%
Coya Therapeutics Inc
37.07%
649,427
$6,442,315,000 3.11%
Fennec Pharmaceuticals Inc
73.16%
570,332
$6,342,092,000 3.06%
Ideal Pwr Inc
2,371.58%
700,000
$6,230,000,000 3.00%
Spruce Biosciences, Inc.
Closed
2,123,863
$6,222,919,000
Eagle Pharmaceuticals Inc
Opened
1,186,509
$6,217,307,000 3.00%
Theratechnologies Inc.
0.16%
3,725,204
$6,156,598,000 2.97%
Liveperson Inc
Closed
1,609,904
$6,101,536,000
Alimera Sciences Inc.
31.70%
1,520,359
$5,929,400,000 2.86%
OneSpan Inc
Opened
500,000
$5,815,000,000 2.80%
Applied Therapeutics, Inc.
Closed
1,659,039
$5,557,780,000
Profound Med Corp
No change
646,733
$5,516,633,000 2.66%
Infinera Corp.
Opened
889,284
$5,362,383,000 2.59%
Apyx Medical Corporation
Closed
2,040,540
$5,346,215,000
Intellicheck Inc
Opened
1,514,026
$5,268,810,000 2.54%
Lightpath Technologies, Inc.
5.37%
3,523,932
$4,863,026,000 2.35%
BK Technologies Corp
No change
330,896
$4,831,082,000 2.33%
Immix Biopharma Inc
Opened
1,555,000
$4,773,850,000 2.30%
Biodesix Inc
28.72%
3,321,085
$4,749,151,000 2.29%
Abeona Therapeutics Inc
Closed
787,769
$3,946,722,000
Red Cat Hldgs Inc
1.22%
4,964,873
$3,798,128,000 1.83%
Aprea Therapeutics, Inc.
54.39%
539,300
$3,504,817,000 1.69%
Cognition Therapeutics Inc
6.94%
1,897,273
$3,453,037,000 1.67%
In8bio Inc
29.85%
2,874,962
$3,392,456,000 1.64%
GSI Technology Inc
Closed
944,591
$2,493,720,000
Veru Inc
Closed
3,438,551
$2,475,757,000
Adverum Biotechnologies Inc
Closed
3,172,819
$2,388,498,000
Adverum Biotechnologies Inc
Opened
162,547
$2,298,407,000 1.11%
PolyPid Ltd.
Opened
479,246
$2,274,653,000 1.10%
Cybin Inc
Opened
4,651,165
$1,854,969,000 0.89%
Acasti Pharma Inc
Opened
497,359
$1,706,549,000 0.82%
Kiora Pharmaceuticals Inc
Opened
2,300,000
$1,623,800,000 0.78%
Elutia Inc
74.32%
436,566
$1,375,183,000 0.66%
Brainsway Ltd.
76.61%
242,936
$1,285,131,000 0.62%
Franklin Wireless Corp
No change
390,000
$1,166,100,000 0.56%
Biofrontera Inc
Opened
501,434
$766,203,000 0.37%
Kwesst Micro Systems Inc
9.76%
501,915
$630,131,000 0.30%
Vaccinex Inc
Closed
817,061
$543,182,000
Evoke Pharma Inc
Opened
846,564
$516,404,000 0.25%
Vaccinex Inc
Opened
58,365
$432,485,000 0.21%
Tff Pharmaceuticals Inc
Closed
29,482
$206,964,000
No transactions found
Showing first 500 out of 52 holdings