Red Tree Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 22, 2025), Red Tree Management, LLC reported 3 stock positions worth $73.3 million. Its top holding was Ceribell (CBLL) at 56.4% of the portfolio, followed by Bicara Therapeutics (BCAX, 40.2%) and Contineum Therapeutics Class A (CTNM, 3.5%). Compared with Q1 2025, it sold out of 1. The biggest sale was an exit from Cargo Therapeutics (CRGX).

Most Recent 13F
Q2 2026
Location
REDWOOD CITY, CA
CIK
0002055980
Portfolio Value
$73.3M (Q2 2025)
SEC Filing
0001415889-25-020130 ↗ filed Jul 22, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q4 2024: $152.0M Q4 2024 Q1 2025: $92.6M Q1 2025 Q2 2025: $73.3M $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 3 stocks · $73.3M

CBLL Ceribell Inc. 56.36% 2,205,661 $41.3M No change
BCAX Bicara Therapeutics Inc. 40.18% 3,170,509 $29.5M No change
CTNM Contineum Therapeutics Inc. Class A 3.46% 638,158 $2.5M No change

Portfolio Sells Q1 2025 → Q2 2025

CRGX Cargo Therapeutics Inc. Sold out 0.00% −4.84

Portfolio Buys Q1 2025 → Q2 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