Simulated Performance for Nantahala Capital Management, LLC
| Reporting Period | Quarterly Simulated Performance | Quarterly Hit Rate | Annual Simulated Performance | Annual Hit Rate | Annual Simulated Performance Decile | Annual Simulated Performance Hedge Funds Decile | Annual Simulated Performance Quant Decile | Annual Simulated Performance Fundamental Decile |
|---|---|---|---|---|---|---|---|---|
| June 30, 2013 | 11.57 % | 0.71 | 15.22 % | 0.58 | 1 | 2 | 2 | |
| Sept. 30, 2013 | 10.58 % | 0.63 | 5.26 % | 0.50 | 2 | 2 | 2 | |
| Dec. 31, 2013 | 2.26 % | 0.57 | 0.31 % | 0.49 | 2 | 3 | 3 | |
| March 31, 2014 | 2.76 % | 0.51 | 4.53 % | 0.43 | 3 | 4 | 4 | |
| June 30, 2014 | -5.62 % | 0.33 | 6.04 % | 0.46 | 7 | 6 | 6 | |
| Sept. 30, 2014 | 6.61 % | 0.61 | -0.21 % | 0.46 | 8 | 7 | 7 | |
| Dec. 31, 2014 | 1.30 % | 0.55 | -7.63 % | 0.38 | 3 | 4 | 4 | |
| March 31, 2015 | 2.08 % | 0.52 | -9.91 % | 0.35 | 3 | 5 | 5 | |
| June 30, 2015 | -12.61 % | 0.27 | -8.80 % | 0.41 | 3 | 5 | 6 | |
| Sept. 30, 2015 | -0.34 % | 0.51 | 16.61 % | 0.56 | 8 | 8 | 8 | |
| Dec. 31, 2015 | 3.06 % | 0.56 | 30.16 % | 0.72 | 10 | 10 | 10 | |
| March 31, 2016 | 6.63 % | 0.57 | 30.91 % | 0.67 | 10 | 8 | 8 | |
| June 30, 2016 | 7.77 % | 0.67 | 35.84 % | 0.69 | 10 | 9 | 9 | |
| Sept. 30, 2016 | 9.19 % | 0.54 | 46.21 % | 0.65 | 10 | 10 | 10 | |
| Dec. 31, 2016 | 3.37 % | 0.52 | 44.26 % | 0.66 | 10 | 10 | 10 | |
| March 31, 2017 | 15.23 % | 0.72 | 44.16 % | 0.72 | 10 | 10 | 10 | |
| June 30, 2017 | 7.45 % | 0.57 | 45.47 % | 0.66 | 10 | 10 | 10 | |
| Sept. 30, 2017 | 9.06 % | 0.54 | 44.18 % | 0.70 | 10 | 10 | 10 | |
| Dec. 31, 2017 | 8.95 % | 0.59 | 1.99 % | 0.41 | 10 | 9 | 9 | |
| March 31, 2018 | 15.90 % | 0.60 | 10.98 % | 0.53 | 6 | 7 | 7 | |
| June 30, 2018 | 5.87 % | 0.56 | -1.18 % | 0.41 | 2 | 4 | 4 | |
| Sept. 30, 2018 | -27.02 % | 0.10 | -20.31 % | 0.30 | 1 | 2 | 2 | |
| Dec. 31, 2018 | 21.31 % | 0.69 | 37.28 % | 0.60 | 9 | 8 | 8 | |
| March 31, 2019 | 4.80 % | 0.46 | -30.02 % | 0.15 | 2 | 3 | 3 | |
| June 30, 2019 | -11.11 % | 0.38 | -8.52 % | 0.26 | 2 | 3 | 4 | |
| Sept. 30, 2019 | 25.18 % | 0.67 | 11.29 % | 0.40 | 5 | 5 | 5 | |
| Dec. 31, 2019 | -38.17 % | 0.10 | 6.12 % | 0.57 | 2 | 3 | 3 | |
| March 31, 2020 | 51.85 % | 0.85 | 148.06 % | 0.86 | 10 | 9 | 9 | |
| June 30, 2020 | 2.68 % | 0.58 | 75.09 % | 0.72 | 10 | 8 | 8 | |
| Sept. 30, 2020 | 25.59 % | 0.76 | 58.43 % | 0.71 | 10 | 9 | 9 | |
| Dec. 31, 2020 | 12.24 % | 0.68 | 14.30 % | 0.45 | 2 | 5 | 5 | |
| March 31, 2021 | 5.71 % | 0.53 | -8.95 % | 0.30 | 2 | 3 | 4 | |
| June 30, 2021 | -6.25 % | 0.31 | -34.87 % | 0.11 | 2 | 3 | 3 | |
| Sept. 30, 2021 | -3.21 % | 0.30 | -33.51 % | 0.11 | 2 | 3 | 4 | |
| Dec. 31, 2021 | -14.60 % | 0.20 | -25.92 % | 0.20 | 3 | 4 | 5 | |
| March 31, 2022 | -21.45 % | 0.21 | -10.03 % | 0.27 | 4 | 6 | 6 | |
| June 30, 2022 | -2.13 % | 0.40 | 3.73 % | 0.43 | 2 | 3 | 3 | |
| Sept. 30, 2022 | 10.03 % | 0.49 | 2.62 % | 0.46 | 2 | 3 | 3 | |
| Dec. 31, 2022 | 6.36 % | 0.46 | 0.54 % | 0.52 | 1 | 2 | 2 | |
| March 31, 2023 | 0.88 % | 0.52 | 6.59 % | 0.54 | 1 | 2 | 3 | |
| June 30, 2023 | -8.53 % | 0.30 | -4.14 % | 0.48 | 1 | 2 | 2 | |
| Sept. 30, 2023 | 0.93 % | 0.60 | 18.70 % | 0.58 | 2 | 3 | 3 | |
| Dec. 31, 2023 | 12.18 % | 0.54 | 18.75 % | 0.46 | 5 | 6 | 6 | |
| March 31, 2024 | -10.89 % | 0.30 | 1.39 % | 0.29 | 3 | 5 | 5 | |
| June 30, 2024 | 13.94 % | 0.54 | 19.32 % | 0.42 | 9 | 7 | 7 | |
| Sept. 30, 2024 | 5.42 % | 0.43 | 36.38 % | 0.50 | 10 | 9 | 9 | |
| Dec. 31, 2024 | -5.97 % | 0.21 | 30.91 % | 0.54 | 10 | 9 | 9 | |
| March 31, 2025 | 11.73 % | 0.55 | - | - | ||||
| June 30, 2025 | 31.56 % | 0.63 | - | - | ||||
| Sept. 30, 2025 | 11.64 % | 0.50 | - | - | ||||
| Dec. 31, 2025 | - | - | - | - |