CM Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), CM Management, LLC reported 65 stock positions worth $119.9 million. Its top holding was Taseko Mines at 6.5% of the portfolio, followed by Alico (ALCO, 6.2%) and Rigel Pharmaceuticals (RIGL, 5.3%). Compared with Q2 2025, it opened 12 new positions, sold out of 14, added to 19 and reduced 13. The biggest buy was a new position in Keurig Dr Pepper (KDP) and the biggest sale an exit from Warner Bros Discovery (WBD).
- Most Recent 13F
- Q2 2026
- Location
- GULF BREEZE, FL
- CIK
- 0001841857
- Portfolio Value
- $119.9M (Q3 2025)
- SEC Filing
- 0001841857-25-000005 ↗ filed Nov 13, 2025
Holdings Value
Holdings 65 stocks · $119.9M
| TASEKO MINES LTD | 6.52% | 1,850,000 | $7.8M | Reduce -19.6% |
| ALCO Alico Inc. | 6.21% | 215,000 | $7.5M | Reduce -4.4% |
| RIGL Rigel Pharmaceuticals Inc. | 5.31% | 225,000 | $6.4M | Reduce -10.0% |
| PLPC Preformed Line Products Co. | 4.58% | 28,000 | $5.5M | No change |
| RLGT Radiant Logistics Inc. | 3.69% | 750,000 | $4.4M | No change |
| FOLD Amicus Therapeutics Inc. | 2.96% | 450,000 | $3.5M | No change |
| NMRK Newmark Group Inc. Class A | 2.95% | 190,000 | $3.5M | Reduce -30.9% |
| CHRS Coherus Oncology Inc. | 2.87% | 2,100,000 | $3.4M | Reduce -6.7% |
| BGC BGC Group Inc. Class A | 2.76% | 350,000 | $3.3M | No change |
| INTT Intest Corp. | 2.74% | 420,594 | $3.3M | No change |
| HZO Marinemax Inc. | 2.11% | 100,000 | $2.5M | Add +25.0% |
| ARKO Arko Corp. | 2.10% | 700,000 | $2.5M | No change |
| PK Park Hotels & Resorts Inc. | 2.08% | 225,000 | $2.5M | No change |
| VTRS Viatris Inc. | 2.06% | 250,000 | $2.5M | No change |
| OGN Organon & Co. | 2.00% | 225,000 | $2.4M | No change |
| TALO Talos Energy Inc. | 2.00% | 250,000 | $2.4M | Reduce -16.7% |
| RBCAA Republic Bancorp Inc. Class A | 1.93% | 32,000 | $2.3M | No change |
| CGAU Centerra Gold Inc. | 1.79% | 200,000 | $2.1M | Reduce -27.3% |
| KDP Keurig Dr Pepper Inc. | 1.70% | 80,000 | $2.0M | New |
| PD Pagerduty Inc. | 1.65% | 120,000 | $2.0M | Add +20.0% |
| XOMA Xoma Royalty Corporation | 1.54% | 48,000 | $1.8M | Reduce -25.0% |
| BBT Beacon Financial Corp. | 1.49% | 75,600 | $1.8M | New |
| RPRX Royalty Pharma PLC Class A | 1.47% | 50,000 | $1.8M | New |
| CLPT Clearpoint Neuro Inc. | 1.45% | 80,000 | $1.7M | Reduce -60.0% |
| COYA Coya Therapeutics Inc. | 1.43% | 300,000 | $1.7M | Add +50.0% |
| ARKR ARK Restaurants Corp. | 1.34% | 225,000 | $1.6M | Add +12.5% |
| CRGY Crescent Energy Inc. Class A | 1.30% | 175,000 | $1.6M | New |
| ELDN Eledon Pharmaceuticals Inc. | 1.30% | 600,000 | $1.6M | Add +60.0% |
| EEFT Euronet Worldwide Inc. | 1.28% | 17,500 | $1.5M | Add +191.7% |
| EOLS Evolus Inc. | 1.28% | 250,000 | $1.5M | Add +42.9% |
| IOVA Iovance Biotherapeutics Inc. | 1.27% | 700,000 | $1.5M | No change |
| SABR Sabre Corp. | 1.22% | 800,000 | $1.5M | No change |
| AVIR Atea Pharmaceuticals Inc. | 1.21% | 500,000 | $1.4M | No change |
| CGNT Cognyte Software Ltd. | 1.12% | 160,000 | $1.3M | Add +60.0% |
| WGO Winnebago Industries | 1.12% | 40,000 | $1.3M | No change |
| THFF First Financial Corp. | 1.06% | 22,500 | $1.3M | Reduce -19.6% |
| ALK Alaska Air Group Inc. | 1.04% | 25,000 | $1.2M | New |
| ICLR Icon PLC | 1.02% | 7,000 | $1.2M | New |
| CTSO Cytosorbents Corp. | 1.00% | 1,288,128 | $1.2M | Add +3.0% |
| PFE Pfizer Inc. | 0.96% | 45,000 | $1.1M | No change |
| IQV Iqvia Holdings Inc. | 0.95% | 6,000 | $1.1M | Reduce -50.0% |
| SMG Scotts Miracle-Gro Co. | 0.95% | 20,000 | $1.1M | Add +100.0% |
| VTOL Bristow Group Inc. | 0.90% | 30,000 | $1.1M | No change |
| CPA Copa Holdings SA Class A | 0.89% | 9,000 | $1.1M | Add +12.5% |
| ADBE Adobe Inc. | 0.88% | 3,000 | $1.1M | Add +50.0% |
| DIT Amcon Distributing Co. | 0.85% | 9,000 | $1.0M | Add +0.5% |
| LTRN Lantern Pharma Inc. | 0.82% | 225,000 | $979K | Add +12.5% |
| GUTS Fractyl Health Inc. | 0.80% | 600,000 | $954K | New |
| HRTX Heron Therapeutics Inc. | 0.79% | 750,000 | $945K | Add +25.0% |
| IOSP Innospec Inc. | 0.77% | 12,000 | $926K | Add +20.0% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.73% | 7,500 | $875K | New |
| SVC Service Pptys TR | 0.68% | 300,000 | $813K | Reduce -25.0% |
| OSTX Os Therapies Inc. | 0.65% | 400,000 | $784K | Add +6.7% |
| ASSERTIO HOLDINGS INC | 0.53% | 724,382 | $638K | No change |
| NVNO Envveno Medical Corporation | 0.45% | 600,000 | $544K | New |
| CRIS Curis Inc. | 0.45% | 325,000 | $540K | Add +47.7% |
| CMPX Compass Therapeutics Inc. | 0.44% | 150,000 | $525K | New |
| NWL Newell Brands Inc. | 0.44% | 100,000 | $524K | No change |
| PCAR Paccar Inc. | 0.41% | 5,000 | $492K | No change |
| LYB Lyondellbasell Indu Class A | 0.41% | 10,000 | $490K | New |
| ASH Ashland Inc. | 0.40% | 10,000 | $479K | New |
| AVNW Aviat Networks Inc. | 0.38% | 20,000 | $459K | No change |
| HELE Helen of Troy Ltd. | 0.32% | 15,000 | $378K | Add +50.0% |
| BCDA Biocardia Inc. | 0.14% | 130,000 | $168K | No change |
| ELTX Elicio Therapeutics Inc. | 0.05% | 6,000 | $66K | Reduce -76.0% |
Portfolio Sells Q2 2025 → Q3 2025
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −2.61 |
| BROOKLINE BANCORP INC | Sold out | 0.00% | −1.73 |
| NKTR Nektar Therapeutics | Sold out | 0.00% | −1.06 |
| RNR Renaissancere Holdings Ltd. | Sold out | 0.00% | −0.88 |
| APA Apa Corp. | Sold out | 0.00% | −0.83 |
| IQV Iqvia Holdings Inc. | Reduce -50.0% | 0.95% | −0.77 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.75 |
| CLPT Clearpoint Neuro Inc. | Reduce -60.0% | 1.45% | −0.72 |
| EG Everest Group Ltd. | Sold out | 0.00% | −0.62 |
| SLB SLB Ltd. | Sold out | 0.00% | −0.62 |
| ALCO Alico Inc. | Reduce -4.4% | 6.21% | −0.48 |
| B Barrick Mining Corp. | Sold out | 0.00% | −0.47 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −0.42 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −0.38 |
| COHU Cohu Inc. | Sold out | 0.00% | −0.35 |
| THFF First Financial Corp. | Reduce -19.6% | 1.06% | −0.32 |
| TALO Talos Energy Inc. | Reduce -16.7% | 2.00% | −0.32 |
| FEMY Femasys Inc. | Sold out | 0.00% | −0.20 |
| SVC Service Pptys TR | Reduce -25.0% | 0.68% | −0.19 |
| ELTX Elicio Therapeutics Inc. | Reduce -76.0% | 0.05% | −0.12 |
| NMRK Newmark Group Inc. Class A | Reduce -30.9% | 2.95% | −0.09 |
| TASEKO MINES LTD | Reduce -19.6% | 6.52% | −0.07 |
| CGTX Cognition Therapeutics Inc. | Sold out | 0.00% | −0.07 |
| CGAU Centerra Gold Inc. | Reduce -27.3% | 1.79% | −0.02 |
| XOMA Xoma Royalty Corporation | Reduce -25.0% | 1.54% | +0.07 |
| RIGL Rigel Pharmaceuticals Inc. | Reduce -10.0% | 5.31% | +1.05 |
| CHRS Coherus Oncology Inc. | Reduce -6.7% | 2.87% | +1.37 |
Portfolio Buys Q2 2025 → Q3 2025
| KDP Keurig Dr Pepper Inc. | New | 1.70% | +1.70 |
| BBT Beacon Financial Corp. | New | 1.49% | +1.49 |
| RPRX Royalty Pharma PLC Class A | New | 1.47% | +1.47 |
| CRGY Crescent Energy Inc. Class A | New | 1.30% | +1.30 |
| ALK Alaska Air Group Inc. | New | 1.04% | +1.04 |
| ICLR Icon PLC | New | 1.02% | +1.02 |
| GUTS Fractyl Health Inc. | New | 0.80% | +0.80 |
| HRI Herc Holdings Inc. | New | 0.73% | +0.73 |
| EEFT Euronet Worldwide Inc. | Add +191.7% | 1.28% | +0.73 |
| NVNO Envveno Medical Corporation | New | 0.45% | +0.45 |
| CMPX Compass Therapeutics Inc. | New | 0.44% | +0.44 |
| LYB Lyondellbasell Indu Class A | New | 0.41% | +0.41 |
| ASH Ashland Inc. | New | 0.40% | +0.40 |
| COYA Coya Therapeutics Inc. | Add +50.0% | 1.43% | +0.38 |
| ELDN Eledon Pharmaceuticals Inc. | Add +60.0% | 1.30% | +0.37 |
| SMG Scotts Miracle-Gro Co. | Add +100.0% | 0.95% | +0.35 |
| HZO Marinemax Inc. | Add +25.0% | 2.11% | +0.28 |
| CGNT Cognyte Software Ltd. | Add +60.0% | 1.12% | +0.28 |
| PD Pagerduty Inc. | Add +20.0% | 1.65% | +0.26 |
| LTRN Lantern Pharma Inc. | Add +12.5% | 0.82% | +0.24 |
| ADBE Adobe Inc. | Add +50.0% | 0.88% | +0.18 |
| CPA Copa Holdings SA Class A | Add +12.5% | 0.89% | +0.09 |
| HELE Helen of Troy Ltd. | Add +50.0% | 0.32% | +0.06 |
| OSTX Os Therapies Inc. | Add +6.7% | 0.65% | +0.01 |
| IOSP Innospec Inc. | Add +20.0% | 0.77% | +0.01 |
| CRIS Curis Inc. | Add +47.7% | 0.45% | −0.01 |
| DIT Amcon Distributing Co. | Add +0.5% | 0.85% | −0.04 |
| EOLS Evolus Inc. | Add +42.9% | 1.28% | −0.19 |
| ARKR ARK Restaurants Corp. | Add +12.5% | 1.34% | −0.30 |
| HRTX Heron Therapeutics Inc. | Add +25.0% | 0.79% | −0.34 |
| CTSO Cytosorbents Corp. | Add +3.0% | 1.00% | −0.45 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 71 | $157.4M | RIGL, ALCO, RPRX, RLGT, BGC |
| Q1 2026 | 71 | $119.6M | ALCO, RIGL, RPRX, RLGT, INTT |
| Q4 2025 | 62 | $118.6M | RIGL, TASEKO MINES LTD, ALCO, FOLD, PLPC |
| Q3 2025 | 65 | $119.9M | TASEKO MINES LTD, ALCO, RIGL, PLPC, RLGT |
| Q2 2025 | 67 | $109.8M | ALCO, TASEKO MINES LTD, RIGL, RLGT, PLPC |
| Q1 2025 | 54 | $99.5M | ALCO, TASEKO MINES LTD, RLGT, RIGL, PLPC |
| Q4 2024 | 57 | $112.0M | ALCO, RLGT, TASEKO MINES LTD, CLPT, FOLD |
| Q3 2024 | 64 | $125.3M | ALCO, TASEKO MINES LTD, RLGT, FOLD, RIGL |
| Q2 2024 | 63 | $109.0M | TASEKO MINES LTD, ALCO, FOLD, RLGT, RPRX |
| Q1 2024 | 69 | $119.1M | ALCO, TASEKO MINES LTD, FOLD, RPRX, NMRK |