Elutia

ELUT • NASDAQ

Elutia is a biotechnology company in the healthcare sector on NASDAQ, led by C. Randal Mills, with a market cap of $28.6M. As of Q3 2025, 43% of shares are held by 31 institutional investors, with Nantahala Capital Management, LLC as the largest holder at 7.51%.

Interim President and Chief Executive OfficerC. Randal Mills

Market Cap$28.6M

Biotechnology

Healthcare

Employees54.0

Websiteaziyo.com

Country

United States of America

Overview

Overview of institutional ownership in ELUT as of Q3 2025 with a market cap of $37.7M

All Institutions

Institutions: 31
Value Held: $16.1M
Shares Held: 18.1M
Avg Position: $518.7K
Median Position: $26.8K

Hedge Funds

Hedge Funds: 9
Value Held: $12.5M
Shares Held: 14.1M
Avg Position: $1.4M
Median Position: $1.2M

Ownership Breakdown

Institutional (non-HF)

9.4%

$3.5M

Hedge Funds

33.2%

$12.5M

Retail & Other

57.39%

$21.7M

Based on market cap of $37.7M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ELUT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	$2.8M 0.18% of portfolio	7.51% 3.2M shares	Q3 2023 Held for 2y 2m	$1.6B
A AIGH Capital Management LLC Hedge Fund•Long/Short	Orin Zvi Hirschman Managing Partner	$2.8M 0.89% of portfolio	7.47% 3.2M shares	Q3 2023 Held for 2y 2m	$317.0M
SILVERARC CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Devesh Sharad Gandhi Founder	$2.5M 0.37% of portfolio	6.72% 2.9M shares	Q1 2024 Held for 1y 8m	$689.7M
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	Anand Christopher Parekh CEO	$2.4M 0.01% of portfolio	6.24% 2.6M shares	Q4 2022 Held for 2y 11m	$33.0B
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	James Edward Flynn President	$1.2M 0.02% of portfolio	3.24% 1.4M shares	Q3 2025 Held for 2 months	$6.0B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.1M 0.00% of portfolio	2.78% 1.2M shares	Q4 2022 Held for 2y 11m	$6.69T
PERKINS CAPITAL MANAGEMENT INC RIA/Wealth	Harry Allen Lee Lindberg President	$1.0M 0.89% of portfolio	2.67% 1.1M shares	Q4 2022 Held for 2y 11m	$113.5M
Knollwood Investment Advisory, LLC Private Equity	Brooks Frederick Burgum Managing Partner	$918.3K 0.08% of portfolio	2.43% 1.0M shares	Q4 2022 Held for 2y 11m	$1.1B
B Birchview Capital, LP Hedge Fund•Value	Matthew William Strobeck CIO	$633.1K 0.49% of portfolio	1.68% 711.2K shares	Q4 2022 Held for 2y 11m	$130.3M
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$227.2K 0.00% of portfolio	0.60% 255.2K shares	Q4 2022 Held for 2y 11m	$1.57T

Net Capital Flow

Institutional buying and selling activity for ELUT in Q3 2025

Traded: +$376.7K
Buyers: 16
Sellers: 10
Total Bought: +$1.5M
Total Sold: −$1.1M
Avg Position: $472.9K

Biggest Buyers

Institution	Net Bought	Current Position
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	+$1.2M +1.4M shares	$1.2M 1.4M shares
SILVERARC CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	+$79.5K +89.3K shares	$2.5M 2.9M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$50.4K +56.6K shares	$50.4K 56.6K shares
J JANE STREET GROUP, LLC Institution	+$47.1K +52.9K shares	$60.9K 68.4K shares
V Virtu Financial LLC Institution	+$26.3K +29.6K shares	$26.3K 29.6K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$22.2K +25.0K shares	$55.2K 62.0K shares
H HRT FINANCIAL LLC Institution	+$21.6K +24.2K shares	$21.6K 24.2K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$6.5K +7.3K shares	$227.2K 255.2K shares
MORGAN STANLEY RIA/Wealth	+$5.3K +6.0K shares	$7.1K 8.0K shares
B BlackRock, Inc. Institution	+$4.2K +4.7K shares	$89.6K 100.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
B Birchview Capital, LP Hedge Fund•Value	−$398.7K −447.9K shares	$633.1K 711.2K shares
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	−$386.9K −195.4K shares	Sold Off 0 shares
A AIGH Capital Management LLC Hedge Fund•Long/Short	−$254.5K −285.9K shares	$2.8M 3.2M shares
X XTX Topco Ltd Institution	−$27.7K −14.0K shares	Sold Off 0 shares
PERKINS CAPITAL MANAGEMENT INC RIA/Wealth	−$20.0K −22.5K shares	$1.0M 1.1M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$11.2K −12.6K shares	$27.4K 30.8K shares
Q Qube Research & Technologies Ltd Institution	−$7.9K −8.9K shares	$18.0K 20.2K shares
Knollwood Investment Advisory, LLC Private Equity	−$2.7K −3.1K shares	$918.3K 1.0M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$2.2K −1.1K shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$205.6 −231.0 shares	$21.0K 23.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ELUT in Q3 2025

New Positions: 3
New Value: $1.2M
Exited Positions: 3
Exited Value: $416.8K

New Positions

Institution	Position Value
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	$1.2M 1.4M shares
H HRT FINANCIAL LLC Institution	$21.6K 24.2K shares
BARCLAYS PLC Institution	$89.0 100.0 shares

Exited Positions

Institution	Previous Position
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	$386.9K 195.4K shares
X XTX Topco Ltd Institution	$27.7K 14.0K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$2.2K 1.1K shares

Options Activity

Institutions with the largest Call and Put options positions in ELUT as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with ELUT as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A AIGH Capital Management LLC Hedge Fund•Long/Short	Orin Zvi Hirschman Managing Partner	0.89% $2.8M	7.47% 3.2M shares	Q3 2023 Held for 2y 2m	$317.0M
PERKINS CAPITAL MANAGEMENT INC RIA/Wealth	Harry Allen Lee Lindberg President	0.89% $1.0M	2.67% 1.1M shares	Q4 2022 Held for 2y 11m	$113.5M
B Birchview Capital, LP Hedge Fund•Value	Matthew William Strobeck CIO	0.49% $633.1K	1.68% 711.2K shares	Q4 2022 Held for 2y 11m	$130.3M
SILVERARC CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Devesh Sharad Gandhi Founder	0.37% $2.5M	6.72% 2.9M shares	Q1 2024 Held for 1y 8m	$689.7M
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	Daniel J. Mack Managing Partner	0.18% $2.8M	7.51% 3.2M shares	Q3 2023 Held for 2y 2m	$1.6B
Knollwood Investment Advisory, LLC Private Equity	Brooks Frederick Burgum Managing Partner	0.08% $918.3K	2.43% 1.0M shares	Q4 2022 Held for 2y 11m	$1.1B
DEERFIELD MANAGEMENT CO /NY Hedge Fund•Long/Short	James Edward Flynn President	0.02% $1.2M	3.24% 1.4M shares	Q3 2025 Held for 2 months	$6.0B
Arcus Capital Partners, LLC RIA/Wealth	Stephen Stehly Sloan Chairman	0.01% $26.8K	0.07% 30.1K shares	Q2 2024 Held for 1y 5m	$228.6M
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	Anand Christopher Parekh CEO	0.01% $2.4M	6.24% 2.6M shares	Q4 2022 Held for 2y 11m	$33.0B
HARDESTY CAPITAL MANAGEMENT CORP RIA/Wealth	Charles Avery Meyer President	0.00% $12.2K	0.03% 13.7K shares	Q3 2024 Held for 1y 2m	$552.6M

Hedge Fund Spotlight

Discover hedge funds investing in ELUT

Birchview Capital, LP

Hedge Fund • Value

Portfolio ManagerMatthew William Strobeck

Portfolio Value: $130.3M
Positions: 68
Last Reported: Q3 2025

Sector Allocation

Position in Elutia

Market Value: $633.1K
Shares Held: 711.2K
Portfolio Weight: 0.49%
Owned Since: 2022-Q4

Top Holding	Sector	Market Value	Weight
1 KLA Corporation KLAC	Semiconductors Technology	$23.6M	18.12%
2 Bristol-Myers Squibb BMY	Drug Manufacturers - General Healthcare	$14.3M	10.97%
3 Corcept Therapeutics CORT	Biotechnology Healthcare	$5.6M	4.29%