13F Insight
DOSSIER · 13F-HR · Q1 2026

Deer Management Co. LLC

$622M in tracked AUM across 10 positions as of Q1 2026.

DM
CIK 0001494127 · last filed Mar 31, 2026
Total AUM
$622M
as of Q1 2026
Holdings
10
—
positions
Whale Score
73
73
strong
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

Deer Management Co. LLC presents a highly concentrated and actively managed portfolio with a distinct focus on high-growth, mid-to-late-stage private or pre-IPO equity-backed companies that have recently transitioned to public markets. As of the report date September 30, 2025, the firm manages approximately $1.04 billion in assets across a mere nine holdings. This extremely low number of holdings indicates a conviction-based strategy rather than a diversified index-huggin...

The portfolio experienced significant contraction during the quarter, with total value decreasing by 17.7% (from $1.26 billion to $1.04 billion). This decline is attributable to a combination of active deleveraging—specifically a large reduction in the top position—and the complete exit of four previous holdings. The fund’s turnover is notably high; with four exits and one new entry, the manager is not hesitant to reallocate capital aggressively when the investment thesis changes or liquidity events occur.

Key Holdings

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
TTAN
SERVICETITAN, INC.
$322M5.1M51.7%02
STUB
STUBHUB HOLDINGS, INC.
$138M22.0M22.1%03
HNGE
HINGE HEALTH, INC.
$102M2.6M16.3%04
LAW
CS DISCO, INC.
$33M8.7M5.3%05
KYMR
KYMERA THERAPEUTICS, INC.
$10M126K1.7%06
NSHEUR
SPIRE GLOBAL, INC.
$9M713K1.4%07
M4R82T106
FIVERR INTERNATIONAL LTD.
$6M561K0.9%08
GUTS
FRACTYL HEALTH, INC.
$2M4.8M0.4%09
TCRX
TSCAN THERAPEUTICS, INC.
$1M1.2M0.2%

Filing history

2026Q1Mar 31
$622M▼ 39.5%
10 positionsView →2025Q4Dec 31
$1.0B▼ 0.6%
9 positionsView →2025Q3Sep 30
$1.0B▼ 17.7%
9 positionsView →2025Q2Jun 30
$1.3B▲ 16.2%
11 positionsLocked2025Q1Mar 31
$1.1B▼ 15.5%
11 positionsLocked2024Q4Dec 31
$1.3B▲ 103.3%
12 positionsLocked2024Q3Sep 30
$630M▲ 29.6%
13 positionsLocked2024Q2Jun 30
$486M▼ 11.9%
14 positionsLocked2024Q1Mar 31
$552M▼ 28.6%
14 positionsLocked2023Q4Dec 31
$773M▼ 5.8%
15 positionsLocked2023Q3Sep 30
$821M▼ 26.1%
16 positionsLocked2023Q2Jun 30
$1.1B▲ 1.6%
17 positionsLocked
Showing 12 of 18