Red Tree Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Red Tree Management, LLC reported 4 stock positions worth $92.6 million. Its top holding was Ceribell (CBLL) at 45.7% of the portfolio, followed by Bicara Therapeutics (BCAX, 44.6%) and Cargo Therapeutics (CRGX, 4.8%). Compared with Q4 2024, it reduced 1. The biggest sale was Cargo Therapeutics (CRGX, shares −48%).

Most Recent 13F
Q2 2026
Location
REDWOOD CITY, CA
CIK
0002055980
Portfolio Value
$92.6M (Q1 2025)
SEC Filing
0001415889-25-012813 ↗ filed May 13, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $152.0M Q4 2024 Q1 2025: $92.6M $92.6M Q1 2025 Q2 2025: $73.3M Q2 2025 Q3 2025: $82.9M Q3 2025 Q4 2025: $109.0M Q4 2025 Q1 2026: $111.8M Q1 2026 Q2 2026: $147.3M Q2 2026

Holdings 4 stocks · $92.6M
CBLL Ceribell Inc. 45.75% 2,205,661 $42.4M No change
BCAX Bicara Therapeutics Inc. 44.60% 3,170,509 $41.3M No change
CRGX Cargo Therapeutics Inc. 4.84% 1,100,732 $4.5M Reduce -47.6%
CTNM Contineum Therapeutics Inc. Class A 4.81% 638,158 $4.5M No change

Portfolio Sells Q4 2024 → Q1 2025
CRGX Cargo Therapeutics Inc. Reduce -47.6% 4.84% −15.10

Portfolio Buys Q4 2024 → Q1 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$147.3MBCAX, CBLL, CTNM
Q1 2026 3$111.8MBCAX, CBLL, CTNM
Q4 2025 3$109.0MBCAX, CBLL, CTNM
Q3 2025 3$82.9MBCAX, CBLL, CTNM
Q2 2025 3$73.3MCBLL, BCAX, CTNM
Q1 2025 4$92.6MCBLL, BCAX, CRGX, CTNM
Q4 2024 4$152.0MCBLL, BCAX, CRGX, CTNM