# CM Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1841857. Source: https://holderbook.com/funds/1841857-cm-management-llc/

- Reported value: $157.4M
- Positions: 71
- Weight of the ten largest: 34.8%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| RIGEL PHARMACEUTICALS INC | [RIGL](https://holderbook.com/stocks/RIGL/) | $9.8M | 250,000 | 6.2% | 8 |
| ALICO INC | [ALCO](https://holderbook.com/stocks/ALCO/) | $8.3M | 200,000 | 5.3% | 23 |
| ROYALTY PHARMA PLC | [RPRX](https://holderbook.com/stocks/RPRX/) | $7.0M | 125,000 | 4.5% | 4 |
| RADIANT LOGISTICS INC | [RLGT](https://holderbook.com/stocks/RLGT/) | $5.9M | 620,000 | 3.7% | 23 |
| BGC GROUP INC | [BGC](https://holderbook.com/stocks/BGC/) | $4.8M | 450,000 | 3.1% | 12 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $4.5M | 12,500 | 2.8% | 2 |
| MARINEMAX INC | [HZO](https://holderbook.com/stocks/HZO/) | $4.0M | 110,000 | 2.6% | 5 |
| COPA HOLDINGS SA | [CPA](https://holderbook.com/stocks/CPA/) | $3.7M | 24,000 | 2.4% | 5 |
| ORGANON & CO | [OGN](https://holderbook.com/stocks/OGN/) | $3.7M | 275,000 | 2.4% | 13 |
| COLUMBUS MCKINNON CORP N Y | [CMCO](https://holderbook.com/stocks/CMCO/) | $3.0M | 200,000 | 1.9% | 3 |
| NEWMARK GROUP INC | [NMRK](https://holderbook.com/stocks/NMRK/) | $3.0M | 200,000 | 1.9% | 23 |
| SHOULDER INNOVATIONS INC | [SI](https://holderbook.com/stocks/SI/) | $2.9M | 145,000 | 1.9% | 3 |
| COHERUS ONCOLOGY INC | [CHRS](https://holderbook.com/stocks/CHRS/) | $2.9M | 2,100,000 | 1.9% | 23 |
| REPUBLIC BANCORP INC KY | [RBCAA](https://holderbook.com/stocks/RBCAA/) | $2.9M | 32,000 | 1.8% | 23 |
| PARK HOTELS & RESORTS INC | [PK](https://holderbook.com/stocks/PK/) | $2.9M | 200,000 | 1.8% | 14 |
| ARKO CORP | [ARKO](https://holderbook.com/stocks/ARKO/) | $2.8M | 350,000 | 1.8% | 22 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $2.8M | 175,000 | 1.8% | 23 |
| EVOLUS INC | [EOLS](https://holderbook.com/stocks/EOLS/) | $2.8M | 400,000 | 1.8% | 13 |
| INNOSPEC INC | [IOSP](https://holderbook.com/stocks/IOSP/) | $2.6M | 32,000 | 1.7% | 5 |
| WINNEBAGO INDS INC | [WGO](https://holderbook.com/stocks/WGO/) | $2.5M | 80,000 | 1.6% | 2 |
| ENOVIS CORPORATION | [ENOV](https://holderbook.com/stocks/ENOV/) | $2.5M | 120,000 | 1.6% | 2 |
| BRISTOW GROUP INC | [VTOL](https://holderbook.com/stocks/VTOL/) | $2.5M | 60,000 | 1.6% | 5 |
| CHURCHILL DOWNS INC | [CHDN](https://holderbook.com/stocks/CHDN/) | $2.5M | 27,500 | 1.6% | 2 |
| BEACON FINANCIAL CORP. | [BBT](https://holderbook.com/stocks/BBT/) | $2.4M | 80,000 | 1.5% | 4 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $2.4M | 12,500 | 1.5% | 1 |
| PAGERDUTY INC | [PD](https://holderbook.com/stocks/PD/) | $2.4M | 250,000 | 1.5% | 13 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.4M | 25,000 | 1.5% | 1 |
| COYA THERAPEUTICS INC | [COYA](https://holderbook.com/stocks/COYA/) | $2.3M | 400,000 | 1.5% | 13 |
| ELEDON PHARMACEUTICALS INC | [ELDN](https://holderbook.com/stocks/ELDN/) | $2.3M | 575,000 | 1.4% | 22 |
| CLEARPOINT NEURO INC | [CLPT](https://holderbook.com/stocks/CLPT/) | $2.2M | 125,000 | 1.4% | 19 |
| HERC HLDGS INC | [HRI](https://holderbook.com/stocks/HRI/) | $2.2M | 15,000 | 1.4% | 2 |
| LANTERN PHARMA INC | [LTRN](https://holderbook.com/stocks/LTRN/) | $2.1M | 500,000 | 1.3% | 18 |
| VAIL RESORTS INC | [MTN](https://holderbook.com/stocks/MTN/) | $2.0M | 15,000 | 1.3% | 1 |
| 1ST SOURCE CORP | [SRCE](https://holderbook.com/stocks/SRCE/) | $2.0M | 25,000 | 1.3% | 3 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $2.0M | 60,000 | 1.2% | 4 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.9M | 8,000 | 1.2% | 2 |
| SABRE CORP | [SABR](https://holderbook.com/stocks/SABR/) | $1.9M | 900,000 | 1.2% | 14 |
| IOVANCE BIOTHERAPEUTICS INC | [IOVA](https://holderbook.com/stocks/IOVA/) | $1.9M | 450,000 | 1.2% | 12 |
| AVIAT NETWORKS INC | [AVNW](https://holderbook.com/stocks/AVNW/) | $1.8M | 80,000 | 1.1% | 5 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $1.7M | 32,500 | 1.1% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.7M | 4,500 | 1.1% | 2 |
| ATEA PHARMACEUTICALS INC | [AVIR](https://holderbook.com/stocks/AVIR/) | $1.7M | 355,000 | 1.0% | 21 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $1.6M | 50,000 | 1.0% | 1 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $1.5M | 4,500 | 1.0% | 1 |
| IRONWOOD PHARMACEUTICALS INC | [IRWD](https://holderbook.com/stocks/IRWD/) | $1.5M | 350,000 | 0.9% | 2 |
| EURONET WORLDWIDE INC | [EEFT](https://holderbook.com/stocks/EEFT/) | $1.5M | 20,000 | 0.9% | 5 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $1.4M | 10,000 | 0.9% | 1 |
| SCOTTS MIRACLE-GRO CO | [SMG](https://holderbook.com/stocks/SMG/) | $1.4M | 20,000 | 0.9% | 5 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $1.3M | 12,500 | 0.9% | 2 |
| ARK RESTAURANTS CORP | [ARKR](https://holderbook.com/stocks/ARKR/) | $1.3M | 225,000 | 0.8% | 23 |
| NEWELL BRANDS INC | [NWL](https://holderbook.com/stocks/NWL/) | $1.2M | 200,000 | 0.8% | 6 |
| COMPASS THERAPEUTICS INC | [CMPX](https://holderbook.com/stocks/CMPX/) | $1.2M | 550,000 | 0.8% | 1 |
| GENELUX CORPORATION | [GNLX](https://holderbook.com/stocks/GNLX/) | $1.2M | 400,000 | 0.8% | 2 |
| PROFOUND MED CORP | [PROF](https://holderbook.com/stocks/PROF/) | $1.2M | 175,000 | 0.7% | 3 |
| FRACTYL HEALTH INC | [GUTS](https://holderbook.com/stocks/GUTS/) | $1.1M | 1,400,000 | 0.7% | 4 |
| AMCON DISTRG CO | [DIT](https://holderbook.com/stocks/DIT/) | $984.0K | 13,518 | 0.6% | 23 |
| CRESCENT ENERGY COMPANY | [CRGY](https://holderbook.com/stocks/CRGY/) | $982.0K | 100,000 | 0.6% | 1 |
| TALOS ENERGY INC | [TALO](https://holderbook.com/stocks/TALO/) | $968.2K | 75,000 | 0.6% | 1 |
| SCIENCE APPLICATIONS INTL CO | [SAIC](https://holderbook.com/stocks/SAIC/) | $883.3K | 8,000 | 0.6% | 1 |
| COGNYTE SOFTWARE LTD | [CGNT](https://holderbook.com/stocks/CGNT/) | $878.0K | 100,000 | 0.6% | 5 |
| BIOMARIN PHARMACEUTICAL INC | [BMRN](https://holderbook.com/stocks/BMRN/) | $858.3K | 15,000 | 0.5% | 1 |
| OS THERAPIES INCORPORATED | [OSTX](https://holderbook.com/stocks/OSTX/) | $760.0K | 400,000 | 0.5% | 8 |
| CARTESIAN THERAPEUTICS INC | [RNAC](https://holderbook.com/stocks/RNAC/) | $625.2K | 60,000 | 0.4% | 1 |
| SERVICE PPTYS TR | [SVC](https://holderbook.com/stocks/SVC/) | $591.5K | 350,000 | 0.4% | 20 |
| CYTOSORBENTS CORP | [CTSO](https://holderbook.com/stocks/CTSO/) | $552.2K | 1,476,500 | 0.4% | 22 |
| COGNITION THERAPEUTICS INC | [CGTX](https://holderbook.com/stocks/CGTX/) | $517.5K | 450,000 | 0.3% | 3 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $481.6K | 20,000 | 0.3% | 1 |
| HERON THERAPEUTICS INC | [HRTX](https://holderbook.com/stocks/HRTX/) | $426.8K | 1,000,000 | 0.3% | 23 |
| ENVVENO MEDICAL CORPORATION | [NVNO](https://holderbook.com/stocks/NVNO/) | $382.5K | 35,714 | 0.2% | 2 |
| BIOCARDIA INC | [BCDA](https://holderbook.com/stocks/BCDA/) | $372.0K | 300,000 | 0.2% | 7 |
| CURIS INC | [CRISXXXX](https://holderbook.com/stocks/CRISXXXX/) | $287.2K | 550,000 | 0.2% | 12 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +23.6% | +14.8% | +8.8% | 99% |
| Q1 2026 | +5.1% | -4.6% | +9.7% | 100% |
| Q4 2025 | +6.2% | +2.4% | +3.9% | 100% |
| Q3 2025 | +17.1% | +7.8% | +9.3% | 99% |
| Q2 2025 | +21.8% | +10.5% | +11.3% | 102% |
| Q1 2025 | -5.4% | -4.6% | -0.8% | 103% |
| Q4 2024 | -3.7% | +2.1% | -5.8% | 103% |
| Q3 2024 | +10.2% | +5.4% | +4.7% | 103% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $157.4M | 71 |
| Q1 2026 | $119.6M | 71 |
| Q4 2025 | $118.6M | 62 |
| Q3 2025 | $119.9M | 65 |
| Q2 2025 | $109.8M | 67 |
| Q1 2025 | $99.5M | 54 |
| Q4 2024 | $112.0M | 57 |
| Q3 2024 | $125.3M | 64 |
| Q2 2024 | $109.0M | 63 |
| Q1 2024 | $119.1M | 69 |
| Q4 2023 | $124.4M | 72 |
| Q3 2023 | $94.2M | 65 |