Deer Management Co. LLC
Portfolio value QoQ: +30.5% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 10.12% Est. buys $275,928,239 · sells $72,558,920
Median holding: 5.5 quarters Tracked Q1 2025–Q2 2026 · 75.0% still held
Performance vs S&P 500
Annualized: -23.2% · S&P 500: +17.7%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Sector breakdown
Full portfolio 9 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| STUB | $283,635,353 | 34.92% | 22,038,489 | $146,115,182 | |||
| Unknown issuer (CUSIP: 98390R102) | $275,928,239 | 33.97% | 22,785,156 | Up ×1 | |||
| HNGE | $158,422,681 | 19.51% | 1,908,707 | $56,866,939 | Down ×1 | ||
| LAW | $32,707,682 | 4.03% | 8,652,826 | $-346,113 | |||
| TTAN | $32,007,805 | 3.94% | 4,568,064 | $-289,611,536 | Down ×5 | ||
| KYMR | $14,436,380 | 1.78% | 125,895 | $3,950,585 | |||
| SPIR | $10,012,566 | 1.23% | 538,310 | $1,039,126 | Down ×1 | ||
| GUTS | $3,788,095 | 0.47% | 4,770,901 | $1,593,481 | |||
| TCRX | $1,220,594 | 0.15% | 1,245,504 | $-37,365 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 98390R102) | $275,928,239 | 22,785,156 | 33.97% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| STUB | Price move only | +0 | +$146.1M |
| HNGE | Trimmed | -725K | +$56.9M |
| KYMR | Price move only | +0 | +$4.0M |
| GUTS | Price move only | +0 | +$1.6M |
| SPIR | Trimmed | -175K | +$1.0M |
| LAW | Price move only | +0 | -$346K |
| TCRX | Price move only | +0 | -$37K |
1 position hidden — reported move looks larger than the position itself (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.