Chicago Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Chicago Capital Management, LLC reported 14 stock positions worth $39.8 million. Its top holding was Springworks Therapeutics (SWTX) at 23.7% of the portfolio, followed by Blueprint Medicines (BPMC, 19.3%) and Old Point Financial (OPOF, 18.3%). Compared with Q1 2025, it opened 11 new positions, sold out of 11 and added to 1. The biggest buy was a new position in Springworks Therapeutics (SWTX) and the biggest sale an exit from Intra-Cellular Therapies (ITCI).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001580162
- Portfolio Value
- $39.8M (Q2 2025)
- SEC Filing
- 0001062993-25-013796 ↗ filed Aug 7, 2025
Holdings Value
Holdings 14 stocks · $39.8M
| SWTX Springworks Therapeutics Inc. | 23.67% | 200,230 | $9.4M | New |
| BPMC Blueprint Medicines Corp. | 19.35% | 60,000 | $7.7M | New |
| OPOF Old Point Financial Corp. filed as OLD PT FINANCIAL CORPORATION | 18.29% | 185,296 | $7.3M | New |
| VIGL Vigil Neuroscience Inc. | 9.65% | 482,769 | $3.8M | New |
| PWOD Penns Woods Bancorp Inc. | 5.92% | 77,579 | $2.4M | Add +420.0% |
| TGI Triumph Group Inc. | 5.51% | 85,000 | $2.2M | No change |
| SSBK Southern States Bancshares | 4.25% | 46,451 | $1.7M | New |
| GMS GMS Inc. | 4.10% | 15,000 | $1.6M | New |
| VERV Verve Therapeutics Inc. | 3.54% | 125,377 | $1.4M | New |
| HES Hess Corp. | 1.74% | 5,000 | $693K | No change |
| CTLP Cantaloupe Inc. | 1.40% | 50,692 | $557K | New |
| CFSB CFSB Bancorp Inc. | 1.20% | 34,858 | $478K | New |
| EBTC Enterprise Bancorp Inc. | 0.78% | 7,859 | $312K | New |
| NVEE NV5 Global Inc. | 0.58% | 10,000 | $231K | New |
Other holdings (26): bonds, preferreds, convertibles and warrants · $19.0M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 6,500 | $6.1M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 4,292 | $3.7M | No change |
| OKTA INC (OKTA 0.125 09/01/25) | NOTE 0.125% 9/0 · principal | 3,000 | $3.0M | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 3,048 | $2.7M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 32,900 | $1.9M | No change |
| SPOTIFY USA INC (SPOT 0 03/15/26) | NOTE 3/1 · principal | 1,000 | $1.5M | No change |
| CARDLYTICS INC (CDLX 1 09/15/25) | NOTE 1.000% 9/1 · principal | 8,250 | $8K | No change |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | 8,660 | $8K | No change |
| ESPERION THERAPEUTICS (ESPR 4 11/15/25) | NOTE 4.000%11/1 · principal | 7,500 | $7K | No change |
| ACCURAY INC (ARAY 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 6,500 | $6K | New |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | 5,700 | $6K | No change |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 4,189 | $4K | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 4,100 | $4K | No change |
| MESA LABORATORIES INC (MLAB 1.375 08/15/25) | NOTE 1.375% 8/1 · principal | 4,000 | $4K | No change |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 4,307 | $4K | Reduce -18.8% |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 3,620 | $3K | No change |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | 3,000 | $3K | New |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 2,976 | $3K | No change |
| GUESS INC (GES 3.75 04/15/28) | NOTE 3.750% 4/1 · principal | 3,000 | $3K | No change |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 2,595 | $2K | No change |
| PAGERDUTY INC. (PD 1.25 07/01/25) | NOTE 1.250% 7/0 · principal | 2,507 | $2K | No change |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 4,000 | $2K | No change |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 2,150 | $2K | Add +7.5% |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 2,000 | $2K | Reduce -50.0% |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | 2,046 | $2K | No change |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 1,003 | $975 | No change |
Total filed on the 13F, all lines: $58.7M.
Portfolio Sells Q1 2025 → Q2 2025
| ITCI Intra-Cellular Therapies Inc. | Sold out | 0.00% | −27.04 |
| FNA Paragon 28 Inc. | Sold out | 0.00% | −16.95 |
| CCRN Cross Country Healthcare Inc. | Sold out | 0.00% | −13.60 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −11.19 |
| EVBN Evans Bancorp Inc. | Sold out | 0.00% | −10.08 |
| CMRX Chimerix Inc. | Sold out | 0.00% | −4.96 |
| ACCD Accolade Inc. | Sold out | 0.00% | −4.11 |
| SASR Sandy Spring Bancorp Inc. | Sold out | 0.00% | −1.59 |
| PYCR Paycor HCM Inc. | Sold out | 0.00% | −1.31 |
| FBMS First Bancshares Inc. | Sold out | 0.00% | −0.81 |
| VBFC Village Bank and Trust Finan | Sold out | 0.00% | −0.68 |
Portfolio Buys Q1 2025 → Q2 2025
| SWTX Springworks Therapeutics Inc. | New | 23.67% | +23.67 |
| BPMC Blueprint Medicines Corp. | New | 19.35% | +19.35 |
| OPOF Old Point Financial Corp. | New | 18.29% | +18.29 |
| VIGL Vigil Neuroscience Inc. | New | 9.65% | +9.65 |
| PWOD Penns Woods Bancorp Inc. | Add +420.0% | 5.92% | +4.98 |
| SSBK Southern States Bancshares | New | 4.25% | +4.25 |
| GMS GMS Inc. | New | 4.10% | +4.10 |
| VERV Verve Therapeutics Inc. | New | 3.54% | +3.54 |
| CTLP Cantaloupe Inc. | New | 1.40% | +1.40 |
| CFSB CFSB Bancorp Inc. | New | 1.20% | +1.20 |
| EBTC Enterprise Bancorp Inc. | New | 0.78% | +0.78 |
| NVEE NV5 Global Inc. | New | 0.58% | +0.58 |
Notes & Other Activity Q1 2025 → Q2 2025
| HAEMONETICS CORP (HAE 0 03/01/26) | NOTE 3/0 · principal | Sold out | 2,277 | $2.2Mbefore exit |
| ACCURAY INC (ARAY 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | New | 6,500 | $6K |
| THE REALREAL INC (REAL 3 06/15/25) | NOTE 3.000% 6/1 · principal | Sold out | 5,766 | $6Kbefore exit |
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | Sold out | 5,500 | $6Kbefore exit |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | Sold out | 3,382 | $4Kbefore exit |
| FARO TECHNOLOGIES INC (FARO 5.5 02/01/28) | NOTE 5.500% 2/0 · principal | Sold out | 3,905 | $4Kbefore exit |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | Sold out | 4,000 | $4Kbefore exit |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | Reduce -18.8% | 4,307 | $4K |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | New | 3,000 | $3K |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | Add +7.5% | 2,150 | $2K |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | Reduce -50.0% | 2,000 | $2K |
| NATIONAL VISION HOLDINGS (EYE 2.5 05/15/25) | NOTE 2.500% 5/1 · principal | Sold out | 1,110 | $1Kbefore exit |
| HEALTH CATALYST INC (HCAT 2.5 04/15/25) | NOTE 2.500% 4/1 · principal | Sold out | 1,085 | $1Kbefore exit |
| INFINERA CORP (INFN 2.5 03/01/27) | NOTE 2.500% 3/0 · principal | Sold out | 750 | $899before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 12 | $48.4M | NUVL, APGE, GTLS, TMHC, CPRX |
| Q1 2026 | 12 | $47.3M | GTLS, JHG, ACLX, FOLD, APLS |
| Q4 2025 | 18 | $49.6M | CDTX, EXAS, JHG, CFLT, ATXS |
| Q3 2025 | 6 | $24.7M | VRNA, TRML, PBBK, CCRD, CFSB |
| Q2 2025 | 14 | $39.8M | SWTX, BPMC, OPOF, VIGL, PWOD |
| Q1 2025 | 14 | $44.0M | ITCI, FNA, CCRN, PDCO, EVBN |
| Q4 2024 | 15 | $42.8M | HTLF, EVBN, CCRN, AE, FFNW |
| Q3 2024 | 9 | $39.4M | HTLF, ENV, HAYN, RCM, FFNW |
| Q2 2024 | 11 | $27.5M | HAYN, HTLF, SILK, MCBC, WIRE |
| Q1 2024 | 12 | $20.0M | PXD, FUSN, CSTR, NWLI, CERE |