CM Management, LLC
CIK 0001841857
Annualised vol
6.511683%
Beta
0.200048
HHI
224.023334
Top-10 weight
34.751852%
VaR 95%
0.592165%
VaR 99%
1.269875%
Max drawdown
13.19195%
Matched value
71.58556%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| RIGL | ADDED | 250,000 | 235,000 | 6.38% | 9,780,000 |
| ALCO | UNCHANGED | 200,000 | 200,000 | 0.0% | 8,274,000 |
| RPRX | UNCHANGED | 125,000 | 125,000 | 0.0% | 7,008,750 |
| RLGT | REDUCED | 620,000 | 650,000 | -4.62% | 5,865,200 |
| BGC | UNCHANGED | 450,000 | 450,000 | 0.0% | 4,810,500 |
| HZO | UNCHANGED | 110,000 | 110,000 | 0.0% | 4,028,200 |
| NMRK | ADDED | 200,000 | 190,000 | 5.26% | 3,022,000 |
| PK | REDUCED | 200,000 | 250,000 | -20.0% | 2,850,000 |
| ARKO | REDUCED | 350,000 | 375,000 | -6.67% | 2,810,500 |
| VTRS | UNCHANGED | 175,000 | 175,000 | 0.0% | 2,779,000 |
| EOLS | UNCHANGED | 400,000 | 400,000 | 0.0% | 2,776,000 |
| IOSP | ADDED | 32,000 | 24,000 | 33.33% | 2,604,480 |
| ENOV | ADDED | 120,000 | 60,000 | 100.0% | 2,484,000 |
| VTOL | ADDED | 60,000 | 40,000 | 50.0% | 2,479,200 |
| CHDN | ADDED | 27,500 | 10,000 | 175.0% | 2,465,100 |
| ADSK | NEW | 12,500 | - | - | 2,430,250 |
| PD | UNCHANGED | 250,000 | 250,000 | 0.0% | 2,412,500 |
| ELDN | REDUCED | 575,000 | 650,000 | -11.54% | 2,265,500 |
| CLPT | REDUCED | 125,000 | 150,000 | -16.67% | 2,230,000 |
| LTRN | ADDED | 500,000 | 250,000 | 100.0% | 2,085,000 |
| MTN | NEW | 15,000 | - | - | 2,042,250 |
| SRCE | ADDED | 25,000 | 17,500 | 42.86% | 2,039,500 |
| KDP | ADDED | 60,000 | 20,000 | 200.0% | 1,963,800 |
| AMZN | ADDED | 8,000 | 5,000 | 60.0% | 1,906,720 |
| SABR | REDUCED | 900,000 | 999,900 | -9.99% | 1,881,000 |
| IOVA | UNCHANGED | 450,000 | 450,000 | 0.0% | 1,872,000 |
| AVNW | ADDED | 80,000 | 30,000 | 166.67% | 1,776,000 |
| MSFT | ADDED | 4,500 | 3,000 | 50.0% | 1,678,590 |
| AVIR | UNCHANGED | 355,000 | 355,000 | 0.0% | 1,650,750 |
| ROP | NEW | 4,500 | - | - | 1,522,755 |
| IRWD | UNCHANGED | 350,000 | 350,000 | 0.0% | 1,473,500 |
| EEFT | ADDED | 20,000 | 12,500 | 60.0% | 1,463,800 |
| SMG | UNCHANGED | 20,000 | 20,000 | 0.0% | 1,362,200 |
| ARKR | UNCHANGED | 225,000 | 225,000 | 0.0% | 1,318,500 |
| NWL | UNCHANGED | 200,000 | 200,000 | 0.0% | 1,228,000 |
| CMPX | NEW | 550,000 | - | - | 1,204,500 |
| GNLX | ADDED | 400,000 | 250,000 | 60.0% | 1,204,000 |
| GUTS | UNCHANGED | 1,400,000 | 1,400,000 | 0.0% | 1,112,160 |
| CRGY | NEW | 100,000 | - | - | 982,000 |
| TALO | NEW | 75,000 | - | - | 968,250 |
| SAIC | NEW | 8,000 | - | - | 883,280 |
| CGNT | REDUCED | 100,000 | 175,000 | -42.86% | 878,000 |
| BMRN | NEW | 15,000 | - | - | 858,300 |
| OSTX | UNCHANGED | 400,000 | 400,000 | 0.0% | 760,000 |
| RNAC | NEW | 60,000 | - | - | 625,200 |
| CTSO | UNCHANGED | 1,476,500 | 1,476,500 | 0.0% | 552,211 |
| CGTX | ADDED | 450,000 | 400,000 | 12.5% | 517,500 |
| PFE | NEW | 20,000 | - | - | 481,600 |
| NVNO | UNCHANGED | 35,714 | 35,714 | 0.0% | 382,497 |
| BCDA | ADDED | 300,000 | 130,000 | 130.77% | 372,000 |
| CRIS | ADDED | 550,000 | 150,000 | 266.67% | 287,155 |
| INTT | CLOSED OUT | 0 | 330,000 | -100.0% | 0 |
| HPQ | CLOSED OUT | 0 | 90,000 | -100.0% | 0 |
| HELE | CLOSED OUT | 0 | 70,000 | -100.0% | 0 |
| ALK | CLOSED OUT | 0 | 50,000 | -100.0% | 0 |
| ELTX | CLOSED OUT | 0 | 25,000 | -100.0% | 0 |
| TNC | CLOSED OUT | 0 | 15,000 | -100.0% | 0 |
| SWK | CLOSED OUT | 0 | 7,500 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| RIGL | ADDED | RIGEL PHARMACEUTICALS INC | COM | 766559702 | 9,780,000 | 6.21 | 250000.0 |
| ALCO | UNCHANGED | ALICO INC | COM | 016230104 | 8,274,000 | 5.26 | 200000.0 |
| RPRX | UNCHANGED | ROYALTY PHARMA PLC SHS | COM - CLASS A | G7709Q104 | 7,008,750 | 4.45 | 125000.0 |
| RLGT | REDUCED | RADIANT LOGISTICS INC | COM | 75025X100 | 5,865,200 | 3.73 | 620000.0 |
| BGC | UNCHANGED | BGC GROUP INC | COM - CLASS A | 088929104 | 4,810,500 | 3.06 | 450000.0 |
| - | EVEREST RE GROUP LTD | COM | G3223R108 | 4,465,375 | 2.84 | 12500.0 | |
| HZO | UNCHANGED | MARINEMAX INC | COM | 567908108 | 4,028,200 | 2.56 | 110000.0 |
| - | COPA HOLDINGS SA | COM - CLASS A | P31076105 | 3,733,680 | 2.37 | 24000.0 | |
| - | ORGANON & CO COMMON | COM | 68622V106 | 3,723,500 | 2.36 | 275000.0 | |
| - | COLUMBUS MCKINNON CORP N Y | COM | 199333105 | 3,026,000 | 1.92 | 200000.0 | |
| NMRK | ADDED | NEWMARK GROUP INC | COM - CLASS A | 65158N102 | 3,022,000 | 1.92 | 200000.0 |
| - | SHOULDER INNOVATIONS INC COMMON | COM | 82537J108 | 2,940,600 | 1.87 | 145000.0 | |
| - | COHERUS BIOSCIENCES INC | COM | 19249H103 | 2,940,000 | 1.87 | 2100000.0 | |
| - | REPUBLIC BANCORP KY | COM - CLASS A | 760281204 | 2,893,760 | 1.84 | 32000.0 | |
| PK | REDUCED | PARK HOTELS RESORTS INC | COM | 700517105 | 2,850,000 | 1.81 | 200000.0 |
| ARKO | REDUCED | ARKO CORP | COM | 041242108 | 2,810,500 | 1.79 | 350000.0 |
| VTRS | UNCHANGED | VIATRIS INC | COM | 92556V106 | 2,779,000 | 1.77 | 175000.0 |
| EOLS | UNCHANGED | EVOLUS INC | COM | 30052C107 | 2,776,000 | 1.76 | 400000.0 |
| IOSP | ADDED | INNOSPEC INC | COM | 45768S105 | 2,604,480 | 1.65 | 32000.0 |
| - | WINNEBAGO INDS INC | COM | 974637100 | 2,499,200 | 1.59 | 80000.0 | |
| ENOV | ADDED | ENOVIS CORPORATION | COM | 194014502 | 2,484,000 | 1.58 | 120000.0 |
| VTOL | ADDED | BRISTOW GROUP INC | COM | 11040G103 | 2,479,200 | 1.57 | 60000.0 |
| CHDN | ADDED | CHURCHILL DOWNS INC | COM | 171484108 | 2,465,100 | 1.57 | 27500.0 |
| - | BERKSHIRE HILLS BANCORP INC | COM | 084680107 | 2,436,000 | 1.55 | 80000.0 | |
| ADSK | NEW | AUTODESK INC | COM | 052769106 | 2,430,250 | 1.54 | 12500.0 |
| PD | UNCHANGED | PAGERDUTY INC | COM | 69553P100 | 2,412,500 | 1.53 | 250000.0 |
| - | DISNEY WALT CO | COM | 254687106 | 2,406,250 | 1.53 | 25000.0 | |
| - | COYA THERAPEUTICS INC COMMON | COM | 22407B108 | 2,340,000 | 1.49 | 400000.0 | |
| ELDN | REDUCED | ELEDON PHARMACEUTICALS INC | COM | 28617K101 | 2,265,500 | 1.44 | 575000.0 |
| CLPT | REDUCED | CLEARPOINT NEURO INC | COM | 18507C103 | 2,230,000 | 1.42 | 125000.0 |
| - | HERC HLDGS INC | COM | 42704L104 | 2,150,100 | 1.37 | 15000.0 | |
| LTRN | ADDED | LANTERN PHARMA INC | COM | 51654W101 | 2,085,000 | 1.32 | 500000.0 |
| MTN | NEW | VAIL RESORTS INC | COM | 91879Q109 | 2,042,250 | 1.3 | 15000.0 |
| SRCE | ADDED | 1ST SOURCE CORP | COM | 336901103 | 2,039,500 | 1.3 | 25000.0 |
| KDP | ADDED | KEURIG DR PEPPER INC | COM | 49271V100 | 1,963,800 | 1.25 | 60000.0 |
| AMZN | ADDED | AMAZON COM INC | COM | 023135106 | 1,906,720 | 1.21 | 8000.0 |
| SABR | REDUCED | SABRE CORP | COM | 78573M104 | 1,881,000 | 1.19 | 900000.0 |
| IOVA | UNCHANGED | IOVANCE BIOTHERAPEUTICS INC | COM | 462260100 | 1,872,000 | 1.19 | 450000.0 |
| AVNW | ADDED | AVIAT NETWORKS INC | COM | 05366Y201 | 1,776,000 | 1.13 | 80000.0 |
| - | ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 | 1,717,625 | 1.09 | 32500.0 | |
| MSFT | ADDED | MICROSOFT CORP | COM | 594918104 | 1,678,590 | 1.07 | 4500.0 |
| AVIR | UNCHANGED | ATEA PHARMACEUTICALS INC | COM | 04683R106 | 1,650,750 | 1.05 | 355000.0 |
| - | TRACTOR SUPPLY CO | COM | 892356106 | 1,580,500 | 1.0 | 50000.0 | |
| ROP | NEW | ROPER TECHNOLOGIES INC | COM | 776696106 | 1,522,755 | 0.97 | 4500.0 |
| IRWD | UNCHANGED | IRONWOOD PHARMACEUTICALS INC COM | COM - CLASS A | 46333X108 | 1,473,500 | 0.94 | 350000.0 |
| EEFT | ADDED | EURONET WORLDWIDE INC | COM | 298736109 | 1,463,800 | 0.93 | 20000.0 |
| - | BROADRIDGE FINL SOLUTIONS IN | COM | 11133T103 | 1,369,500 | 0.87 | 10000.0 | |
| SMG | UNCHANGED | SCOTTS MIRACLE GRO CO | COM - CLASS A | 810186106 | 1,362,200 | 0.87 | 20000.0 |
| - | PRUDENTIAL FINL INC | COM | 744320102 | 1,349,125 | 0.86 | 12500.0 | |
| ARKR | UNCHANGED | ARK RESTAURANTS CORP | COM | 040712101 | 1,318,500 | 0.84 | 225000.0 |
| NWL | UNCHANGED | NEWELL BRANDS INC | COM | 651229106 | 1,228,000 | 0.78 | 200000.0 |
| CMPX | NEW | COMPASS THERAPEUTICS INC | COM | 20454B104 | 1,204,500 | 0.77 | 550000.0 |
| GNLX | ADDED | GENELUX CORPORATION | COM | 36870H103 | 1,204,000 | 0.76 | 400000.0 |
| - | PROFOUND MED CORP | COM | 74319B502 | 1,163,750 | 0.74 | 175000.0 | |
| GUTS | UNCHANGED | FRACTYL HEALTH INC | COM | 35168W103 | 1,112,160 | 0.71 | 1400000.0 |
| - | AMCON DISTRG CO | COM | 02341Q205 | 983,975 | 0.62 | 13518.0 | |
| CRGY | NEW | CRESCENT ENERGY COMPANY CL A | COM | 44952J104 | 982,000 | 0.62 | 100000.0 |
| TALO | NEW | TALOS ENERGY INC | COM | 87484T108 | 968,250 | 0.61 | 75000.0 |
| SAIC | NEW | SCIENCE APPLICATIONS INTL CO | COM | 808625107 | 883,280 | 0.56 | 8000.0 |
| CGNT | REDUCED | COGNYTE SOFTWARE LTD ORD | COM | M25133105 | 878,000 | 0.56 | 100000.0 |
| BMRN | NEW | BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 | 858,300 | 0.55 | 15000.0 |
| OSTX | UNCHANGED | OS THERAPIES INCORPORATED | COM | 68764Y207 | 760,000 | 0.48 | 400000.0 |
| RNAC | NEW | CARTESIAN THERAPEUTICS INC | COM | 816212302 | 625,200 | 0.4 | 60000.0 |
| - | SERVICE PPTYS TR | COM SH BEN INT | 81761L102 | 591,500 | 0.38 | 350000.0 | |
| CTSO | UNCHANGED | CYTOSORBENTS CORP | COM | 23283X206 | 552,211 | 0.35 | 1476500.0 |
| CGTX | ADDED | COGNITION THERAPEUTICS INC | COM | 19243B102 | 517,500 | 0.33 | 450000.0 |
| PFE | NEW | PFIZER INC | COM | 717081103 | 481,600 | 0.31 | 20000.0 |
| - | HERON THERAPEUTICS INC | COM | 427746102 | 426,800 | 0.27 | 1000000.0 | |
| NVNO | UNCHANGED | ENVVENO MEDICAL CORPORATION | COM | 29415J205 | 382,497 | 0.24 | 35714.0 |
| BCDA | ADDED | BIOCARDIA INC | COM | 09060U606 | 372,000 | 0.24 | 300000.0 |
| CRIS | ADDED | CURIS INC | COM | 231269309 | 287,155 | 0.18 | 550000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | 150,124,988 | 71 | 6.511683 | 0.200048 | 13.19195 |
| 2026-03-31 | 2026-05-08 | 119,610,574 | 71 | 6.06075 | 0.169789 | 12.972595 |
| 2025-12-31 | 2026-02-02 | 118,614,163 | 62 | 5.750991 | 0.11415 | 12.36111 |
| 2025-09-30 | 2025-11-13 | 119,937,261 | 66 | 5.475061 | 0.131358 | 12.962351 |
| 2025-03-31 | 2025-05-09 | 99,525,242 | 55 | 6.477322 | 0.169175 | 16.816041 |
| 2024-12-31 | 2025-02-07 | 111,978,000 | 58 | 5.842936 | 0.141121 | 14.542055 |