1y return+62.3%S&P 500 +20.9%
3y return+84.3%S&P 500 +68.5%
5y return+56.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $196 against $200 in the S&P 500.2
CM Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| RIGLRigel Pharmaceuticals Inc | $9.8M | 6.2% | +6.4% |
| ALCOAlico Inc | $8.3M | 5.3% | |
| Royalty Pharma PLC ShsCUSIP G7709Q104 | $7.0M | 4.5% | |
| RLGTRadiant Logistics Inc | $5.9M | 3.7% | −4.6% |
| BGCBgc Group Inc | $4.8M | 3.1% | |
| Everest Re Group LtdCUSIP G3223R108 | $4.5M | 2.8% | +108.3% |
| HZOMarinemax Inc | $4.0M | 2.6% | |
| Copa Holdings SaCUSIP P31076105 | $3.7M | 2.4% | +60.0% |
| OGNOrganon & Co Common | $3.7M | 2.4% | −31.2% |
| CMCOColumbus Mckinnon Corp N Y | $3.0M | 1.9% | +122.2% |
| NMRKNewmark Group Inc | $3.0M | 1.9% | +5.3% |
| SIShoulder Innovations Inc Common | $2.9M | 1.9% | +45.0% |
| CHRSCoherus Biosciences Inc | $2.9M | 1.9% | |
| RBCAARepublic Bancorp Ky | $2.9M | 1.8% | |
| PKPark Hotels Resorts Inc | $2.9M | 1.8% | −20.0% |
| ARKOArko Corp | $2.8M | 1.8% | −6.7% |
| VTRSViatris Inc | $2.8M | 1.8% | |
| EOLSEvolus Inc | $2.8M | 1.8% | |
| IOSPInnospec Inc | $2.6M | 1.7% | +33.3% |
| WGOWinnebago Inds Inc | $2.5M | 1.6% | +433.3% |
| ENOVEnovis Corporation | $2.5M | 1.6% | +100.0% |
| VTOLBristow Group Inc | $2.5M | 1.6% | +50.0% |
| CHDNChurchill Downs Inc | $2.5M | 1.6% | +175.0% |
| BBTBerkshire Hills Bancorp Inc | $2.4M | 1.5% | +100.0% |
| ADSKAutodesk Inc | $2.4M | 1.5% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| RBCAARepublic Bancorp Ky | December 31, 2020 | +150.7% | $2.9M |
| RIGLRigel Pharmaceuticals Inc | September 30, 2024 | +141.8% | $9.8M |
| NMRKNewmark Group Inc | December 31, 2020 | +107.3% | $3.0M |
| BGCBgc Group Inc | September 30, 2023 | +102.5% | $4.8M |
| RLGTRadiant Logistics Inc | December 31, 2020 | +63.1% | $5.9M |
| CLPTClearpoint Neuro Inc | December 31, 2021 | +59.0% | $2.2M |
| Royalty Pharma PLC ShsCUSIP G7709Q104 | September 30, 2025 | +58.9% | $7.0M |
| HZOMarinemax Inc | June 30, 2025 | +45.7% | $4.0M |
| HRIHerc Hldgs Inc | March 31, 2026 | +44.0% | $2.2M |
| COYACoya Therapeutics Inc Common | June 30, 2023 | +43.7% | $2.3M |
Sold off last quarter
- INTTIntest Corp was $4.5M
- CRLCharles Riv Labs Intl Inc was $3.0M
- THFFFirst Finl Corp Ind was $1.9M
- ALKAlaska Air Group Inc was $1.8M
- HPQHp Inc was $1.7M
- VCTRVictory Cap Hldgs Inc Com was $1.3M
- Xoma Corp DelCUSIP 98419J206 was $1.3M
- Helen Of Troy Corp LtdCUSIP G4388N106 was $1.0M
- TNCTennant Co was $996K
- Assertio Holdings IncCUSIP 04546C304 was $667K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +23.1% | +14.8% |
| March 31, 2026 | +6.4% | −4.6% |
| December 31, 2025 | +6.2% | +2.4% |
| September 30, 2025 | +16.7% | +7.8% |
| June 30, 2025 | +2.0% | +10.5% |
| March 31, 2025 | −5.2% | −4.6% |
| December 31, 2024 | −3.2% | +2.1% |
| September 30, 2024 | +10.4% | +5.4% |
| June 30, 2024 | −6.5% | +4.0% |
| March 31, 2024 | +0.9% | +10.0% |
| December 31, 2023 | +21.9% | +11.2% |
| September 30, 2023 | −4.4% | −3.6% |
| June 30, 2023 | +3.5% | +8.3% |
| March 31, 2023 | +2.6% | +7.0% |
| December 31, 2022 | +1.1% | +7.1% |
| September 30, 2022 | −2.9% | −5.3% |
| June 30, 2022 | −16.0% | −16.5% |
| March 31, 2022 | −4.4% | −4.9% |
| December 31, 2021 | +1.2% | +10.7% |
| September 30, 2021 | +0.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: CM Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1841857&type=13F-HR&dateb=&owner=include&count=40CIK 1841857
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1841857/000184185726000003/Filed August 13, 2026 · accession 0001841857-26-000003