Chicago Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), Chicago Capital Management, LLC reported 18 stock positions worth $49.6 million. Its top holding was Cidara Therapeutics (CDTX) at 16.5% of the portfolio, followed by Exact Sciences (EXAS, 13.2%) and Janus Henderson (JHG, 12.6%). Compared with Q3 2025, it opened 18 new positions and sold out of 6. The biggest buy was a new position in Cidara Therapeutics (CDTX) and the biggest sale an exit from Verona Pharma (VRNA).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001580162
- Portfolio Value
- $49.6M (Q4 2025)
- SEC Filing
- 0001062993-26-000528 ↗ filed Feb 2, 2026
Holdings Value
Holdings 18 stocks · $49.6M
| CDTX Cidara Therapeutics Inc. | 16.47% | 49,000 | $8.2M | New |
| EXAS Exact Sciences Corp. | 13.22% | 86,122 | $6.6M | New |
| JHG Janus Henderson Group PLC | 12.62% | 175,000 | $6.3M | New |
| CFLT Confluent Inc. Class A | 10.76% | 235,300 | $5.3M | New |
| ATXS Astria Therapeutics Inc. | 10.55% | 530,000 | $5.2M | New |
| HOLX Hologic Inc. | 9.63% | 85,000 | $4.8M | New |
| FOLD Amicus Therapeutics Inc. | 8.63% | 400,000 | $4.3M | New |
| RNAM Avidity Biosciences Inc. | 3.84% | 35,000 | $1.9M | New |
| DAY Dayforce Inc. | 3.63% | 34,568 | $1.8M | New |
| ALEX Alexander & Baldwin Inc. | 2.81% | 90,000 | $1.4M | New |
| SNCR Synchronoss Technologies Inc. | 2.36% | 182,470 | $1.2M | New |
| IROQ If Bancorp Inc. | 2.05% | 38,066 | $1.0M | New |
| NWFL Norwood Financial Corp. | 0.82% | 15,069 | $407K | New |
| GIFI Gulf Island Fabrication Inc. | 0.67% | 36,819 | $333K | New |
| FSFG First Savings Financial Grp | 0.63% | 12,977 | $312K | New |
| EA Electronic Arts Inc. | 0.62% | 2,000 | $308K | New |
| BLFY Blue Foundry Bancorp | 0.37% | 19,734 | $185K | New |
| AVDL Avadel Pharmaceuticals Ltd. | 0.33% | 10,000 | $163K | New |
Other holdings (25): bonds, preferreds, convertibles and warrants · $20.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | 6,018 | $5.8M | Add +50.2% |
| BANDWIDTH INC (BAND 0.5 04/01/28) | NOTE 0.500% 4/0 · principal | 6,000 | $5.3M | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 4,292 | $3.8M | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 3,048 | $3.0M | No change |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 32,900 | $2.2M | No change |
| XEROX HOLDINGS CORP (XRX 3.75 03/15/30) | NOTE 3.750% 3/1 · principal | 4,000 | $12K | No change |
| EVENTBRITE INC (EB 0.75 09/15/26) | NOTE 0.750% 9/1 · principal | 8,660 | $9K | No change |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | 6,800 | $7K | New |
| ACCURAY INC (ARAY 3.75 06/01/26) | NOTE 3.750% 6/0 · principal | 6,500 | $6K | No change |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 6,000 | $6K | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 5,920 | $6K | Add +0.8% |
| OIL STATES INTL INC (OIS 4.75 04/01/26) | NOTE 4.750% 4/0 · principal | 5,700 | $6K | No change |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | 5,307 | $5K | Add +23.2% |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 4,595 | $5K | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 4,100 | $4K | No change |
| SHAKE SHACK INC (SHAK 0 03/01/28) | NOTE 3/0 · principal | 4,189 | $4K | No change |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | 4,000 | $4K | New |
| FUBOTV INC (FUBO 3.25 02/15/26) | NOTE 3.250% 2/1 · principal | 2,926 | $3K | No change |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | 3,300 | $3K | New |
| FASTLY INC (FSLY 0 03/15/26) | NOTE 3/1 · principal | 2,416 | $2K | No change |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 2,000 | $2K | No change |
| OMEROS CORP (OMER 5.25 02/15/26) | NOTE 5.250% 2/1 · principal | 1,914 | $2K | New |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | 2,000 | $2K | Reduce -69.2% |
| ALARM.COM HLDGS INC (ALRM 0 01/15/26) | NOTE 1/1 · principal | 1,003 | $1K | No change |
| VERITONE INC (VERI 1.75 11/15/26) | NOTE 1.750%11/1 · principal | 1,000 | $941 | New |
Total filed on the 13F, all lines: $69.8M.
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| CDTX Cidara Therapeutics Inc. | New | 16.47% | +16.47 |
| EXAS Exact Sciences Corp. | New | 13.22% | +13.22 |
| JHG Janus Henderson Group PLC | New | 12.62% | +12.62 |
| CFLT Confluent Inc. Class A | New | 10.76% | +10.76 |
| ATXS Astria Therapeutics Inc. | New | 10.55% | +10.55 |
| HOLX Hologic Inc. | New | 9.63% | +9.63 |
| FOLD Amicus Therapeutics Inc. | New | 8.63% | +8.63 |
| RNAM Avidity Biosciences Inc. | New | 3.84% | +3.84 |
| DAY Dayforce Inc. | New | 3.63% | +3.63 |
| ALEX Alexander & Baldwin Inc. | New | 2.81% | +2.81 |
| SNCR Synchronoss Technologies Inc. | New | 2.36% | +2.36 |
| IROQ If Bancorp Inc. | New | 2.05% | +2.05 |
| NWFL Norwood Financial Corp. | New | 0.82% | +0.82 |
| GIFI Gulf Island Fabrication Inc. | New | 0.67% | +0.67 |
| FSFG First Savings Financial Grp | New | 0.63% | +0.63 |
| EA Electronic Arts Inc. | New | 0.62% | +0.62 |
| BLFY Blue Foundry Bancorp | New | 0.37% | +0.37 |
| AVDL Avadel Pharmaceuticals Ltd. | New | 0.33% | +0.33 |
Notes & Other Activity Q3 2025 → Q4 2025
| MGP INGREDIENTS INC (MGPI 1.875 11/15/41) | NOTE 1.875%11/1 · principal | Add +50.2% | 6,018 | $5.8M |
| CRACKER BARREL OLD COUNT (CBRL 0.625 06/15/26) | NOTE 0.625% 6/1 · principal | New | 6,800 | $7K |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Add +0.8% | 5,920 | $6K |
| THE REALREAL INC (REAL 1 03/01/28) | NOTE 1.000% 3/0 · principal | Add +23.2% | 5,307 | $5K |
| IRONWOOD PHARMACEUTICALS (IRWD 1.5 06/15/26) | NOTE 1.500% 6/1 · principal | New | 4,000 | $4K |
| WAYFAIR INC (W 0.625 10/01/25) | NOTE 0.625%10/0 · principal | Sold out | 3,000 | $3Kbefore exit |
| NABORS INDUSTRIES INC (NBR 1.75 06/15/29) | NOTE 1.750% 6/1 · principal | New | 3,300 | $3K |
| HERBALIFE LTD (HLF 4.25 06/15/28) | NOTE 4.250% 6/1 · principal | Sold out | 2,046 | $2Kbefore exit |
| OMEROS CORP (OMER 5.25 02/15/26) | NOTE 5.250% 2/1 · principal | New | 1,914 | $2K |
| DIGITALOCEAN HOLDINGS (DOCN 0 12/01/26) | NOTE 12/0 · principal | Reduce -69.2% | 2,000 | $2K |
| VERITONE INC (VERI 1.75 11/15/26) | NOTE 1.750%11/1 · principal | New | 1,000 | $941 |
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 |