Deer Management Co. LLC

CIK 0001494127 · Q2 2026

13F Equity AUM

$812.2M

+30.5% QoQ

Positions

0 QoQ

AUM Rank

#3,790

Top 30%

Skill Alpha (FF)

-0.2%/yr^ns

No Clear Edge

Rank #3,019 · Top 36%

vs S&P -16.9%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 96.4%Top 10: 100.0%Top 20: 100.0%

STUB34.9%

XANADU QUANTUM TECHNOLOGIES LTD34.0%

HNGE19.5%

LAW4.0%

TTAN3.9%

KYMR1.8%

NSHEUR1.2%

GUTS0.5%

TCRX0.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology42.9%

Unclassified34.0%

Healthcare21.9%

Other1.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 9Median: 3.94%Avg: 11.11%

0–0.5%

2(0.6%)

0.5–1%

0(0.0%)

1–3%

2(3.0%)

3–5%

2(8.0%)

5%+

3(88.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 9vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New1Increased0Decreased3Exited1

New Positions

XANADU QUANTUM TECHN…34.0%

+22.8M

Decreased

HNGE19.5%

-725,000(-28%)

TTAN3.9%

-500,000(-10%)

NSHEUR1.2%

-175,000(-25%)

Exited

FVRR

-561,426

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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