CM Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 2, 2026), CM Management, LLC reported 62 stock positions worth $118.6 million. Its top holding was Rigel Pharmaceuticals (RIGL) at 8.1% of the portfolio, followed by Taseko Mines (8.1%) and Alico (ALCO, 6.1%). Compared with Q3 2025, it opened 6 new positions, sold out of 9, added to 16 and reduced 17. The biggest buy was a new position in Alexandria Real Estate Equit (ARE) and the biggest sale an exit from Winnebago Industries (WGO).
- Most Recent 13F
- Q2 2026
- Location
- GULF BREEZE, FL
- CIK
- 0001841857
- Portfolio Value
- $118.6M (Q4 2025)
- SEC Filing
- 0001841857-26-000001 ↗ filed Feb 2, 2026
Holdings Value
Holdings 62 stocks · $118.6M
| RIGL Rigel Pharmaceuticals Inc. | 8.12% | 225,000 | $9.6M | No change |
| TASEKO MINES LTD | 8.11% | 1,700,000 | $9.6M | Reduce -8.1% |
| ALCO Alico Inc. | 6.13% | 200,000 | $7.3M | Reduce -7.0% |
| FOLD Amicus Therapeutics Inc. | 4.44% | 370,000 | $5.3M | Reduce -17.8% |
| PLPC Preformed Line Products Co. | 4.36% | 25,000 | $5.2M | Reduce -10.7% |
| RLGT Radiant Logistics Inc. | 3.47% | 650,000 | $4.1M | Reduce -13.3% |
| BGC BGC Group Inc. Class A | 3.01% | 400,000 | $3.6M | Add +14.3% |
| NMRK Newmark Group Inc. Class A | 2.78% | 190,000 | $3.3M | No change |
| INTT Intest Corp. | 2.63% | 417,500 | $3.1M | Reduce -0.7% |
| CHRS Coherus Oncology Inc. | 2.51% | 2,100,000 | $3.0M | No change |
| RPRX Royalty Pharma PLC Class A | 2.44% | 75,000 | $2.9M | Add +50.0% |
| CGAU Centerra Gold Inc. | 2.42% | 200,000 | $2.9M | No change |
| KDP Keurig Dr Pepper Inc. | 2.36% | 100,000 | $2.8M | Add +25.0% |
| VTRS Viatris Inc. | 2.10% | 200,000 | $2.5M | Reduce -20.0% |
| HZO Marinemax Inc. | 2.04% | 100,000 | $2.4M | No change |
| PK Park Hotels & Resorts Inc. | 1.98% | 225,000 | $2.4M | No change |
| RBCAA Republic Bancorp Inc. Class A | 1.86% | 32,000 | $2.2M | No change |
| TALO Talos Energy Inc. | 1.86% | 200,000 | $2.2M | Reduce -20.0% |
| COYA Coya Therapeutics Inc. | 1.71% | 350,000 | $2.0M | Add +16.7% |
| PD Pagerduty Inc. | 1.66% | 150,000 | $2.0M | Add +25.0% |
| ARKO Arko Corp. | 1.53% | 400,000 | $1.8M | Reduce -42.9% |
| GUTS Fractyl Health Inc. | 1.48% | 800,000 | $1.8M | Add +33.3% |
| EOLS Evolus Inc. | 1.40% | 250,000 | $1.7M | No change |
| IOSP Innospec Inc. | 1.29% | 20,000 | $1.5M | Add +66.7% |
| ARKR ARK Restaurants Corp. | 1.27% | 225,000 | $1.5M | No change |
| CGNT Cognyte Software Ltd. | 1.27% | 160,000 | $1.5M | No change |
| CRGY Crescent Energy Inc. Class A | 1.24% | 175,000 | $1.5M | No change |
| ARE Alexandria Real Estate Equit | 1.24% | 30,000 | $1.5M | New |
| VTOL Bristow Group Inc. | 1.23% | 40,000 | $1.5M | Add +33.3% |
| OGN Organon & Co. | 1.21% | 200,000 | $1.4M | Reduce -11.1% |
| THFF First Financial Corp. | 1.15% | 22,500 | $1.4M | No change |
| LYB Lyondellbasell Indu Class A | 1.10% | 30,000 | $1.3M | Add +200.0% |
| BBT Beacon Financial Corp. | 1.07% | 48,300 | $1.3M | Reduce -36.1% |
| AVIR Atea Pharmaceuticals Inc. | 1.07% | 355,000 | $1.3M | Reduce -29.0% |
| SMG Scotts Miracle-Gro Co. | 0.98% | 20,000 | $1.2M | No change |
| CLPT Clearpoint Neuro Inc. | 0.92% | 80,000 | $1.1M | No change |
| SRCE 1ST Source Corp. | 0.92% | 17,500 | $1.1M | New |
| IOVA Iovance Biotherapeutics Inc. | 0.92% | 400,000 | $1.1M | Reduce -42.9% |
| SABR Sabre Corp. | 0.92% | 800,000 | $1.1M | No change |
| XOMA Xoma Royalty Corporation | 0.90% | 40,000 | $1.1M | Reduce -16.7% |
| DIT Amcon Distributing Co. | 0.84% | 9,000 | $997K | No change |
| ELDN Eledon Pharmaceuticals Inc. | 0.83% | 650,000 | $982K | Add +8.3% |
| HRTX Heron Therapeutics Inc. | 0.82% | 750,000 | $975K | No change |
| EEFT Euronet Worldwide Inc. | 0.80% | 12,500 | $951K | Reduce -28.6% |
| CMCO Columbus McKinnon Corp. | 0.80% | 55,000 | $949K | New |
| CTSO Cytosorbents Corp. | 0.80% | 1,476,500 | $944K | Add +14.6% |
| NWL Newell Brands Inc. | 0.63% | 200,000 | $744K | Add +100.0% |
| SVC Service Pptys TR | 0.62% | 400,000 | $736K | Add +33.3% |
| LTRN Lantern Pharma Inc. | 0.57% | 225,000 | $682K | No change |
| PROF Profound Medical Corp. | 0.53% | 80,000 | $630K | New |
| OSTX Os Therapies Inc. | 0.47% | 400,000 | $560K | No change |
| CMPX Compass Therapeutics Inc. | 0.45% | 100,000 | $537K | Reduce -33.3% |
| ASRT Assertio Holdings Inc. | 0.38% | 50,000 | $454K | Add +3.5% |
| AVNW Aviat Networks Inc. | 0.36% | 20,000 | $428K | No change |
| NVNO Envveno Medical Corporation | 0.34% | 1,250,000 | $401K | Add +108.3% |
| SI Shoulder Innovations Inc. | 0.30% | 25,000 | $358K | New |
| CRIS Curis Inc. | 0.27% | 325,000 | $321K | No change |
| HELE Helen of Troy Ltd. | 0.27% | 15,000 | $319K | No change |
| CPA Copa Holdings SA Class A | 0.25% | 2,500 | $302K | Reduce -72.2% |
| CGTX Cognition Therapeutics Inc. | 0.23% | 200,000 | $270K | New |
| ELTX Elicio Therapeutics Inc. | 0.17% | 25,000 | $199K | Add +316.7% |
| BCDA Biocardia Inc. | 0.14% | 130,000 | $163K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| WGO Winnebago Industries | Sold out | 0.00% | −1.12 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −1.04 |
| ICLR Icon PLC | Sold out | 0.00% | −1.02 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.96 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.95 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.88 |
| OGN Organon & Co. | Reduce -11.1% | 1.21% | −0.79 |
| HRI Herc Holdings Inc. | Sold out | 0.00% | −0.73 |
| XOMA Xoma Royalty Corporation | Reduce -16.7% | 0.90% | −0.65 |
| CPA Copa Holdings SA Class A | Reduce -72.2% | 0.25% | −0.64 |
| ARKO Arko Corp. | Reduce -42.9% | 1.53% | −0.57 |
| EEFT Euronet Worldwide Inc. | Reduce -28.6% | 0.80% | −0.48 |
| BBT Beacon Financial Corp. | Reduce -36.1% | 1.07% | −0.42 |
| PCAR Paccar Inc. | Sold out | 0.00% | −0.41 |
| ASH Ashland Inc. | Sold out | 0.00% | −0.40 |
| IOVA Iovance Biotherapeutics Inc. | Reduce -42.9% | 0.92% | −0.35 |
| PLPC Preformed Line Products Co. | Reduce -10.7% | 4.36% | −0.22 |
| RLGT Radiant Logistics Inc. | Reduce -13.3% | 3.47% | −0.22 |
| TALO Talos Energy Inc. | Reduce -20.0% | 1.86% | −0.14 |
| AVIR Atea Pharmaceuticals Inc. | Reduce -29.0% | 1.07% | −0.14 |
| INTT Intest Corp. | Reduce -0.7% | 2.63% | −0.11 |
| ALCO Alico Inc. | Reduce -7.0% | 6.13% | −0.08 |
| CMPX Compass Therapeutics Inc. | Reduce -33.3% | 0.45% | +0.01 |
| VTRS Viatris Inc. | Reduce -20.0% | 2.10% | +0.04 |
| FOLD Amicus Therapeutics Inc. | Reduce -17.8% | 4.44% | +1.49 |
| TASEKO MINES LTD | Reduce -8.1% | 8.11% | +1.59 |
Portfolio Buys Q3 2025 → Q4 2025
| ARE Alexandria Real Estate Equit | New | 1.24% | +1.24 |
| RPRX Royalty Pharma PLC Class A | Add +50.0% | 2.44% | +0.97 |
| SRCE 1ST Source Corp. | New | 0.92% | +0.92 |
| CMCO Columbus McKinnon Corp. | New | 0.80% | +0.80 |
| GUTS Fractyl Health Inc. | Add +33.3% | 1.48% | +0.69 |
| LYB Lyondellbasell Indu Class A | Add +200.0% | 1.10% | +0.69 |
| KDP Keurig Dr Pepper Inc. | Add +25.0% | 2.36% | +0.66 |
| PROF Profound Medical Corp. | New | 0.53% | +0.53 |
| IOSP Innospec Inc. | Add +66.7% | 1.29% | +0.52 |
| VTOL Bristow Group Inc. | Add +33.3% | 1.23% | +0.33 |
| SI Shoulder Innovations Inc. | New | 0.30% | +0.30 |
| COYA Coya Therapeutics Inc. | Add +16.7% | 1.71% | +0.29 |
| BGC BGC Group Inc. Class A | Add +14.3% | 3.01% | +0.25 |
| CGTX Cognition Therapeutics Inc. | New | 0.23% | +0.23 |
| NWL Newell Brands Inc. | Add +100.0% | 0.63% | +0.19 |
| ELTX Elicio Therapeutics Inc. | Add +316.7% | 0.17% | +0.11 |
| PD Pagerduty Inc. | Add +25.0% | 1.66% | +0.01 |
| SVC Service Pptys TR | Add +33.3% | 0.62% | −0.06 |
| NVNO Envveno Medical Corporation | Add +108.3% | 0.34% | −0.12 |
| ASRT Assertio Holdings Inc. | Add +3.5% | 0.38% | −0.15 |
| CTSO Cytosorbents Corp. | Add +14.6% | 0.80% | −0.21 |
| ELDN Eledon Pharmaceuticals Inc. | Add +8.3% | 0.83% | −0.47 |
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 |