Solana Company

HSDT • NASDAQ

Solana Company is a medical - devices company in the healthcare sector on NASDAQ, led by Dane C. Andreeff, with a market cap of $139.2M. As of Q3 2025, 29% of shares are held by 18 institutional investors, with Pantera Capital Partners LP as the largest holder at 19.98%.

Interim President and Chief Executive OfficerDane C. Andreeff

Market Cap$139.2M

Medical - Devices

Healthcare

Employees22.0

Websiteheliusmedical.com

Country

United States of America

Overview

Overview of institutional ownership in HSDT as of Q3 2025 with a market cap of $579.3M

All Institutions

Institutions: 18
Value Held: $170.6M
Shares Held: 13.7M
Avg Position: $9.5M
Median Position: $261.0K

Hedge Funds

Hedge Funds: 5
Value Held: $46.3M
Shares Held: 5.3M
Avg Position: $9.3M
Median Position: $10.9M

Ownership Breakdown

Institutional (non-HF)

21.46%

$124.3M

Hedge Funds

8.0%

$46.3M

Retail & Other

70.54%

$408.6M

Based on market cap of $579.3M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HSDT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Pantera Capital Partners LP Digital Asset Manager	Daniel Wayne Morehead CEO	$115.8M 14.85% of portfolio	19.98% 7.8M shares	Q3 2025 Held for 2 months	$779.7M
Polar Securities Inc. Hedge Fund•Multi-Strategy	Richard Gregory Lemaich CEO	$14.7M 0.44% of portfolio	5.60% 2.2M shares	Q3 2025 Held for 2 months	$3.4B
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy	Andrew Benjamin David COO	$12.2M 0.60% of portfolio	2.80% 1.1M shares	Q3 2025 Held for 2 months	$2.0B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$10.9M 0.01% of portfolio	1.87% 728.9K shares	Q1 2025 Held for 8 months	$122.08B
H Hel Ved Capital Management Ltd Institution	-	$5.2M 3.02% of portfolio	1.12% 436.0K shares	Q3 2025 Held for 2 months	$172.2M
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	Michael Walter Germino CEO	$5.0M 0.29% of portfolio	1.87% 726.6K shares	Q3 2025 Held for 2 months	$1.7B
VR Advisory Services Ltd Hedge Fund•Distressed	Jeffrey Michael Johnson Managing Partner	$3.6M 0.87% of portfolio	1.49% 581.3K shares	Q3 2025 Held for 2 months	$411.0M
L LPL Financial LLC Institution	-	$2.6M 0.00% of portfolio	0.45% 173.7K shares	Q3 2025 Held for 2 months	$340.07B
S Stonepine Capital Management, LLC Institution	-	$297.8K 0.24% of portfolio	0.05% 20.0K shares	Q3 2025 Held for 2 months	$123.0M
V Virtu Financial LLC Institution	-	$224.2K 0.01% of portfolio	0.04% 15.1K shares	Q3 2025 Held for 2 months	$1.6B

Net Capital Flow

Institutional buying and selling activity for HSDT in Q3 2025

Traded: +$170.5M
Buyers: 16
Sellers: 8
Total Bought: +$170.6M
Total Sold: −$100.2K
Avg Position: $6.8M

Biggest Buyers

Institution	Net Bought	Current Position
Pantera Capital Partners LP Digital Asset Manager	+$115.8M +7.8M shares	$115.8M 7.8M shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	+$14.7M +2.2M shares	$14.7M 2.2M shares
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy	+$12.2M +1.1M shares	$12.2M 1.1M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$10.9M +728.9K shares	$10.9M 728.9K shares
H Hel Ved Capital Management Ltd Institution	+$5.2M +436.0K shares	$5.2M 436.0K shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	+$5.0M +726.6K shares	$5.0M 726.6K shares
VR Advisory Services Ltd Hedge Fund•Distressed	+$3.6M +581.3K shares	$3.6M 581.3K shares
L LPL Financial LLC Institution	+$2.6M +173.7K shares	$2.6M 173.7K shares
S Stonepine Capital Management, LLC Institution	+$297.8K +20.0K shares	$297.8K 20.0K shares
V Virtu Financial LLC Institution	+$224.2K +15.1K shares	$224.2K 15.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
Sontag Advisory, LLC RIA/Wealth	−$54.6K −6.0K shares	Sold Off 0 shares
Federation des caisses Desjardins du Quebec Fund of Funds	−$37.5K −4.0K shares	Sold Off 0 shares
B Baader Bank INC Institution	−$5.6K −1.0K shares	Sold Off 0 shares
IFP Advisors, Inc RIA/Wealth	−$1.5K −100.7 shares	$983.0 66.0 shares
T Tower Research Capital LLC Institution	−$913.1 −61.3 shares	$908.0 61.0 shares
JPMORGAN CHASE & CO Institution	−$10.0 −1.1 shares	Sold Off 0 shares
S SBI Securities Co., Ltd. Institution	−$8.0 −0.9 shares	Sold Off 0 shares
CoreCap Advisors, LLC RIA/Wealth	−$2.0 −0.3 shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 9
New Value: $159.4M
Exited Positions: 7
Exited Value: $97.8K

New Positions

Institution	Position Value
Pantera Capital Partners LP Digital Asset Manager	$115.8M 7.8M shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	$14.7M 2.2M shares
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy	$12.2M 1.1M shares
H Hel Ved Capital Management Ltd Institution	$5.2M 436.0K shares
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	$5.0M 726.6K shares
VR Advisory Services Ltd Hedge Fund•Distressed	$3.6M 581.3K shares
L LPL Financial LLC Institution	$2.6M 173.7K shares
S Stonepine Capital Management, LLC Institution	$297.8K 20.0K shares
Rockefeller Capital Management L.P. Long Only Manager	$55.8K 3.8K shares

Exited Positions

Institution	Previous Position
Sontag Advisory, LLC RIA/Wealth	$54.6K 6.0K shares
Federation des caisses Desjardins du Quebec Fund of Funds	$37.5K 4.0K shares
B Baader Bank INC Institution	$5.6K 1.0K shares
JPMORGAN CHASE & CO Institution	$10.0 1.1 shares
S SBI Securities Co., Ltd. Institution	$8.0 0.9 shares
CoreCap Advisors, LLC RIA/Wealth	$2.0 0.3 shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	- 0.0 shares

Options Activity

Institutions with the largest Call and Put options positions in HSDT 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 HSDT as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Pantera Capital Partners LP Digital Asset Manager	Daniel Wayne Morehead CEO	14.85% $115.8M	19.98% 7.8M shares	Q3 2025 Held for 2 months	$779.7M
H Hel Ved Capital Management Ltd Institution	-	3.02% $5.2M	1.12% 436.0K shares	Q3 2025 Held for 2 months	$172.2M
VR Advisory Services Ltd Hedge Fund•Distressed	Jeffrey Michael Johnson Managing Partner	0.87% $3.6M	1.49% 581.3K shares	Q3 2025 Held for 2 months	$411.0M
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy	Andrew Benjamin David COO	0.60% $12.2M	2.80% 1.1M shares	Q3 2025 Held for 2 months	$2.0B
Polar Securities Inc. Hedge Fund•Multi-Strategy	Richard Gregory Lemaich CEO	0.44% $14.7M	5.60% 2.2M shares	Q3 2025 Held for 2 months	$3.4B
Ghisallo Capital Management LLC Hedge Fund•Multi-Strategy	Michael Walter Germino CEO	0.29% $5.0M	1.87% 726.6K shares	Q3 2025 Held for 2 months	$1.7B
S Stonepine Capital Management, LLC Institution	-	0.24% $297.8K	0.05% 20.0K shares	Q3 2025 Held for 2 months	$123.0M
V Virtu Financial LLC Institution	-	0.01% $224.2K	0.04% 15.1K shares	Q3 2025 Held for 2 months	$1.6B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	0.01% $10.9M	1.87% 728.9K shares	Q1 2025 Held for 8 months	$122.08B
American Capital Advisory, LLC RIA/Wealth	Matthew Ross Mcneal Managing Partner	0.00% $3.5K	0.00% 235.0 shares	Q4 2023 Held for 1y 11m	$215.5M

Hedge Fund Spotlight

Discover hedge funds investing in HSDT

Ghisallo Capital Management LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerMichael Walter Germino

Portfolio Value: $1.7B
Positions: 156
Last Reported: Q3 2025

Sector Allocation

Position in Solana Company

Market Value: $5.0M
Shares Held: 726.6K
Portfolio Weight: 0.29%
Owned Since: 2025-Q3

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