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Portfolio (Quarterly) Guide ↗

CM Management, LLC

· CIK 0001841857
13F Portfolio $157M AUM 71 positions Filed Aug 13, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q4 2025 · All 21 New 31 Added 10 Reduced 12 Exited
Page 2 of 2  ·  31 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 AVNW AVIAT NETWORKS INC Technology 80,000.0 $1.8M 1.13% +60K +300.0% $22.20 -9.9%
22 ARE ALEXANDRIA REAL ESTATE EQ IN Real Estate 32,500.0 $1.7M 1.09% +2K +8.3% $52.85 -2.4%
23 EEFT EURONET WORLDWIDE INC Technology 20,000.0 $1.5M 0.93% +8K +60.0% $73.19 -4.4%
24 CMPX COMPASS THERAPEUTICS INC Healthcare 550,000.0 $1.2M 0.77% +450K +450.0% $2.19 +9.6%
25 PROF PROFOUND MED CORP Healthcare 175,000.0 $1.2M 0.74% +95K +118.8% $6.65 +3.0%
26 GUTS FRACTYL HEALTH INC Healthcare 1,400,000.0 $1.1M 0.71% +600K +75.0% $0.79 -17.0%
27 DIT AMCON DISTRG CO Consumer Defensive 13,518.0 $984K 0.62% +5K +50.2% $72.79 -1.1%
28 CGTX COGNITION THERAPEUTICS INC Healthcare 450,000.0 $518K 0.33% +250K +125.0% $1.15 -11.3%
29 HRTX HERON THERAPEUTICS INC Healthcare 1,000,000.0 $427K 0.27% +250K +33.3% $0.43 -23.5%
30 BIOCARDIA INC 300,000.0 $372K 0.24% +170K +130.8% $1.24
31 CURIS INC 550,000.0 $287K 0.18% +225K +69.2% $0.52
Page 2 of 2  ·  31 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Healthcare 33.4%
Consumer Cyclical 14.4%
Industrials 13.2%
Technology 9.1%
Consumer Defensive 8.8%
Financial Services 7.8%
Real Estate 5.8%
Energy 3.1%
Basic Materials 2.8%
Communication Services 1.7%