# EDGAR Filing Document

**Accession Number:** 0001602716
**File Stem:** 0001019056-23-000123
**Filing Date:** 2023-2
**Character Count:** 15058
**Document Hash:** fb4039a5155cd4887040c33638f299fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001019056-23-000123.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001019056-23-000123

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Long Focus Capital Management, LLC
- **CENTRAL INDEX KEY:** 0001602716
- **IRS NUMBER:** 462772035
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-22083
- **FILM NUMBER:** 23617490

**BUSINESS ADDRESS:**
- **STREET 1:** 207 CALLE DEL PARQUE
- **STREET 2:** A&M TOWER 8TH FLOOR
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00912
- **BUSINESS PHONE:** 864-990-3233

**MAIL ADDRESS:**
- **STREET 1:** 207 CALLE DEL PARQUE
- **STREET 2:** A&M TOWER 8TH FLOOR
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00912

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Long Focus Capital Management LLC<br>**Address:** 207 Calle del Parque<br>A Tower 8th Floor<br>San Juan, PR 00912

**Form 13F File Number:** 028-22083

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** John B. Helmers<br>**Title:** Chief Executive Officer<br>**Phone:** 787-493-0336

**Signature, Place, and Date of Signing:**

/s/ John B. Helmers  San Juan, PR  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 111

**Form 13F Information Table Value Total:** $1449044869

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACADIA RLTY TR | COM SH BEN INT | 004239109 |  | 1549800 | 108000 | SH |  | SOLE |  | 108000 | 0 | 0 |
| ACHIEVE LIFE SCIENCES INC | COM | 004468500 |  | 767389 | 313220 | SH |  | SOLE |  | 313220 | 0 | 0 |
| ADAPTIMMUNE THERAPEUTICS PLC | SPONDS ADR | 00653A107 |  | 7714113 | 5283639 | SH |  | SOLE |  | 5283639 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 8644500 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| AKERO THERAPEUTICS INC | COM | 00973Y108 |  | 8987200 | 164000 | SH |  | SOLE |  | 164000 | 0 | 0 |
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 |  | 29226060 | 331775 | SH |  | SOLE |  | 331775 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 527615 | 5980 | SH |  | SOLE |  | 5980 | 0 | 0 |
| AMBAC FINL GROUP INC | COM NEW | 023139884 |  | 174400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 7336888 | 122200 | SH |  | SOLE |  | 122200 | 0 | 0 |
| ANIXA BIOSCIENCES INC | COM | 03528H109 |  | 704229 | 165701 | SH |  | SOLE |  | 165701 | 0 | 0 |
| ANTERO MIDSTREAM CORP | COM | 03676B102 |  | 6581900 | 610000 | SH |  | SOLE |  | 610000 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 43413891 | 1400900 | SH |  | SOLE |  | 1400900 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 16230090 | 254430 | SH |  | SOLE |  | 254430 | 0 | 0 |
| ARCOS DORADOS HOLDINGS INC | SHS CLASS -A - | G0457F107 |  | 1254000 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| ARHAUS INC | COM CL A | 04035M102 |  | 1072500 | 110000 | SH |  | SOLE |  | 110000 | 0 | 0 |
| ASPEN GROUP INC | COM NEW | 04530L203 |  | 841214 | 2713592 | SH |  | SOLE |  | 2713592 | 0 | 0 |
| ASSURED GUARANTY LTD | COM | G0585R106 |  | 18491220 | 297000 | SH |  | SOLE |  | 297000 | 0 | 0 |
| AZUL S A | SPONSR ADR PFD | 05501U106 |  | 13503100 | 2210000 | SH |  | SOLE |  | 2210000 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 3080160 | 93000 | SH |  | SOLE |  | 93000 | 0 | 0 |
| BARCLAYS PLC | ADR | 06738E204 |  | 7878000 | 1010000 | SH |  | SOLE |  | 1010000 | 0 | 0 |
| BELLICUM PHARMACEUTICALS INC | COM NEW | 079481404 |  | 235938 | 327692 | SH |  | SOLE |  | 327692 | 0 | 0 |
| BIOCERES CROP SOLUTIONS CORP | SHS | G1117K114 |  | 1188564 | 98800 | SH |  | SOLE |  | 98800 | 0 | 0 |
| BIOVIE INC | CL A NEW | 09074F207 |  | 155400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| BOXLIGHT CORP | COM CL A | 103197109 |  | 124320 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 6530368 | 156980 | SH |  | SOLE |  | 156980 | 0 | 0 |
| CAPRI HOLDINGS LIMITED | SHS | G1890L107 |  | 3060200 | 53388 | SH |  | SOLE |  | 53388 | 0 | 0 |
| CARIBOU BIOSCIENCES INC | COM | 142038108 |  | 408200 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| CELLECTIS S A | SPON ADS | 15117K103 |  | 5635629 | 2683633 | SH |  | SOLE |  | 2683633 | 0 | 0 |
| CENTRAL PUERTO S A | SPONSORED ADR | 155038201 |  | 9410659 | 1584286 | SH |  | SOLE |  | 1584286 | 0 | 0 |
| CHESAPEAKE ENERGY CORP | COM | 165167735 |  | 8604185 | 91175 | SH |  | SOLE |  | 91175 | 0 | 0 |
| CHILDRENS PL INC NEW | COM | 168905107 |  | 838753 | 23030 | SH |  | SOLE |  | 23030 | 0 | 0 |
| CITI TRENDS INC | COM | 17306X102 |  | 1692072 | 63900 | SH |  | SOLE |  | 63900 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 4280567 | 94640 | SH |  | SOLE |  | 94640 | 0 | 0 |
| CODEXIS INC | COM | 192005106 |  | 46600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 16757624 | 479200 | SH |  | SOLE |  | 479200 | 0 | 0 |
| COMSTOCK RES INC | COM | 205768302 |  | 2075694 | 151400 | SH |  | SOLE |  | 151400 | 0 | 0 |
| CONSTELLIUM SE | CL A SHS | F21107101 |  | 887250 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| CROWN ELECTROKINETICS CORP | COM NEW | 228339206 |  | 16888 | 89259 | SH |  | SOLE |  | 89259 | 0 | 0 |
| CURO GROUP HOLDINGS CORP | COM | 23131L107 |  | 4750965 | 1338300 | SH |  | SOLE |  | 1338300 | 0 | 0 |
| DESTINATION XL GROUP INC | COM | 25065K104 |  | 898034 | 133042 | SH |  | SOLE |  | 133042 | 0 | 0 |
| DISH NETWORK CORPORATION | CL A | 25470M109 |  | 140400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 5362620 | 321500 | SH |  | SOLE |  | 321500 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 26980510 | 2273000 | SH |  | SOLE |  | 2273000 | 0 | 0 |
| FINANCE OF AMERICA COMPAN | COM CL A | 31738L107 |  | 1303514 | 1026389 | SH |  | SOLE |  | 1026389 | 0 | 0 |
| FLEX LTD | ORD | Y2573F102 |  | 11427450 | 532500 | SH |  | SOLE |  | 532500 | 0 | 0 |
| FOSSIL GROUP INC | COM | 34988V106 |  | 646500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| FTAI AVIATION LTD | SHS | G3730V105 |  | 24777451 | 1447281 | SH |  | SOLE |  | 1447281 | 0 | 0 |
| FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 |  | 9466754 | 3209069 | SH |  | SOLE |  | 3209069 | 0 | 0 |
| G III APPAREL GROUP LTD | COM | 36237H101 |  | 11262655 | 821492 | SH |  | SOLE |  | 821492 | 0 | 0 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 9325827 | 111300 | SH |  | SOLE |  | 111300 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 336400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| GOPRO INC | CL A | 38268T103 |  | 1895886 | 380700 | SH |  | SOLE |  | 380700 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 6093140 | 626222 | SH |  | SOLE |  | 626222 | 0 | 0 |
| GRUPO SUPERVIELLE S.A. | SPONSORED ADR | 40054A108 |  | 3716688 | 1720689 | SH |  | SOLE |  | 1720689 | 0 | 0 |
| HYZON MOTORS INC | COM CL A | 44951Y102 |  | 9444426 | 6093178 | SH |  | SOLE |  | 6093178 | 0 | 0 |
| HYZON MOTORS INC | *W EXP 10/02/202 | 44951Y110 |  | 78632 | 600700 | SH |  | SOLE |  | 600700 | 0 | 0 |
| INSMED INC | COM PAR $.01 | 457669307 |  | 6493500 | 325000 | SH |  | SOLE |  | 325000 | 0 | 0 |
| INSTIL BIO INC | COM | 45783C101 |  | 63000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| INTL GNRL INSURANCE HLDNGS L | SHS | G4809J106 |  | 2165080 | 270635 | SH |  | SOLE |  | 270635 | 0 | 0 |
| INTL GNRL INSURANCE HLDNGS L | *W EXP 03/17/202 | G4809J114 |  | 126503 | 220005 | SH |  | SOLE |  | 220005 | 0 | 0 |
| IOVANCE BIOTHERAPEUTICS INC | COM | 462260100 |  | 13174991 | 2061814 | SH |  | SOLE |  | 2061814 | 0 | 0 |
| IRIDEX CORP | COM | 462684101 |  | 201000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| LENDINGCLUB CORP | COM NEW | 52603A208 |  | 13082520 | 1486650 | SH |  | SOLE |  | 1486650 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 10923159 | 144010 | SH |  | SOLE |  | 144010 | 0 | 0 |
| LIBERTY GLOBAL PLC | SHS CL C | G5480U120 |  | 12029735 | 619132 | SH |  | SOLE |  | 619132 | 0 | 0 |
| LIBERTY LATIN AMERICA LTD | COM CL C | G9001E128 |  | 15913640 | 2093900 | SH |  | SOLE |  | 2093900 | 0 | 0 |
| LINEAGE CELL THERAPEUTICS IN | COM | 53566P109 |  | 251550 | 215000 | SH |  | SOLE |  | 215000 | 0 | 0 |
| LOMA NEGRA C I A S A MTN    14 | SPONSORED ADS | 54150E104 |  | 1438500 | 210000 | SH |  | SOLE |  | 210000 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 2610000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| MAMMOTH ENERGY SVCS INC | COM | 56155L108 |  | 498941 | 57681 | SH |  | SOLE |  | 57681 | 0 | 0 |
| MARKEL CORP | COM | 570535104 |  | 8761309 | 6650 | SH |  | SOLE |  | 6650 | 0 | 0 |
| MARKER THERAPEUTICS INC | COM | 57055L107 |  | 388478 | 1461000 | SH |  | SOLE |  | 1461000 | 0 | 0 |
| MBIA INC | COM | 55262C100 |  | 385500 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 22593835 | 187750 | SH |  | SOLE |  | 187750 | 0 | 0 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 1235000 | 95000 | SH |  | SOLE |  | 95000 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 9831850 | 245000 | SH |  | SOLE |  | 245000 | 0 | 0 |
| NATIONAL ENERGY SERVICES REU | SHS | G6375R107 |  | 1110400 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| NEXTCURE INC | COM | 65343E108 |  | 784108 | 556105 | SH |  | SOLE |  | 556105 | 0 | 0 |
| OCWEN FINL CORP | COM NEW | 675746606 |  | 19940851 | 652088 | SH |  | SOLE |  | 652088 | 0 | 0 |
| ONCOLYTICS BIOTECH INC | COM NEW | 682310875 |  | 65200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| ONEMAIN HLDGS INC | COM | 68268W103 |  | 10659200 | 320000 | SH |  | SOLE |  | 320000 | 0 | 0 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 2672692 | 305800 | SH |  | SOLE |  | 305800 | 0 | 0 |
| PAR TECHNOLOGY CORP | COM | 698884103 |  | 270007 | 10357 | SH |  | SOLE |  | 10357 | 0 | 0 |
| PEABODY ENERGY CORP | COM | 704551100 |  | 13475732 | 510058 | SH |  | SOLE |  | 510058 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 3399200 | 140000 | SH |  | SOLE |  | 140000 | 0 | 0 |
| PURECYCLE TECHNOLOGIES INC | COM | 74623V103 |  | 6407243 | 947817 | SH |  | SOLE |  | 947817 | 0 | 0 |
| QUANTUM CORP | COM NEW | 747906501 |  | 5564370 | 5104927 | SH |  | SOLE |  | 5104927 | 0 | 0 |
| SANGAMO THERAPEUTICS INC | COM | 800677106 |  | 3366080 | 1072000 | SH |  | SOLE |  | 1072000 | 0 | 0 |
| SIERRA METALS INC | COM | 82639W106 |  | 371333 | 2148919 | SH |  | SOLE |  | 2148919 | 0 | 0 |
| SIGNET JEWELERS LIMITED | SHS | G81276100 |  | 680000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SOLITARIO ZINC CORP | COM | 8342EP107 |  | 874155 | 1409700 | SH |  | SOLE |  | 1409700 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 8495810 | 107610 | SH |  | SOLE |  | 107610 | 0 | 0 |
| TELLURIAN INC NEW | COM | 87968A104 |  | 2880780 | 1714750 | SH |  | SOLE |  | 1714750 | 0 | 0 |
| TILLYS INC | CL A | 886885102 |  | 10684964 | 1180659 | SH |  | SOLE |  | 1180659 | 0 | 0 |
| TOPGOLF CALLAWAY BRANDS CORP | COM | 131193104 |  | 1777500 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| TUESDAY MORNING CORP | COM NEW | 89904V200 |  | 51385 | 75015 | SH |  | SOLE |  | 75015 | 0 | 0 |
| TURTLE BEACH CORP | COM NEW | 900450206 |  | 2186850 | 305000 | SH |  | SOLE |  | 305000 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 1175040 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| VINCERX PHARMA INC | COM NEW | 92731L106 |  | 1443250 | 1414951 | SH |  | SOLE |  | 1414951 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 9659172 | 1018900 | SH |  | SOLE |  | 1018900 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 4496481 | 108900 | SH |  | SOLE |  | 108900 | 0 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 4123500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 8400000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 55837200 | 930000 | SH | Call | SOLE |  | 930000 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 |  | 10393900 | 605000 | SH | Call | SOLE |  | 605000 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 121953649 | 2696300 | SH | Call | SOLE |  | 2696300 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 166107500 | 4750000 | SH | Call | SOLE |  | 4750000 | 0 | 0 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 73118013 | 6159900 | SH | Call | SOLE |  | 6159900 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 383369793 | 14505100 | SH | Call | SOLE |  | 14505100 | 0 | 0 |
| LUMEN TECHNOLOGIES INC | COM | 550241103 |  | 2479500 | 475000 | SH | Call | SOLE |  | 475000 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 20766888 | 2190600 | SH | Call | SOLE |  | 2190600 | 0 | 0 |

---