CPMG Inc

Fundamental diversified ★Signal technology specialist (62%) CIK 1372218
Long book
$37.1M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
-1.7%
SPY +14.8%
Turnover
33%
of book per quarter

Strategy in plain words

auto-generated from filings

CPMG Inc is a diversified fundamental manager, specialised in technology (62% of the long book), running a $37.1M US long book across 3 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: INTUITIVE MACHINES INC, PROCEPT BIOROBOTICS CORP, INSTIL BIO INC.

Over the last 9 quarters its long book ran on average 5.9pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+21.2%
Q2 2024
+71.1%
Q3 2024
-6.0%
Q4 2024
-46.1%
Q1 2025
+34.6%
Q2 2025
-7.5%
Q3 2025
+20.9%
Q4 2025
+7.1%
Q1 2026
-1.7%

Sector allocation

Technology
62%
Healthcare
38%

Long book by quarter

$275.5M
Q1 2024
$66.9M
Q2 2024
$114.4M
Q3 2024
$30.4M
Q4 2024
$16.4M
Q1 2025
$22.0M
Q2 2025
$20.4M
Q3 2025
$24.7M
Q4 2025
$37.1M
Q1 2026

What does CPMG Inc own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
LUNR INTUITIVE MACHINES INCTechnology1.2M$23.0M62.1%Held
PRCT PROCEPT BIOROBOTICS CORPHealthcare426.3K$10.7M28.8%New
TIL INSTIL BIO INCHealthcare410.9K$3.4M9.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20263$37.1M canonicalSEC ↗
Q4 202513F-HRFeb 17, 20262$24.7M canonicalSEC ↗
Q3 202513F-HRNov 14, 20252$20.4M canonicalSEC ↗
Q2 202513F-HRAug 14, 20252$22.0M canonicalSEC ↗
Q1 202513F-HRMay 15, 20252$16.4M canonicalSEC ↗
Q4 202413F-HRFeb 14, 20252$30.4M canonicalSEC ↗
Q3 202413F-HRNov 14, 20243$114.4M canonicalSEC ↗
Q2 202413F-HRAug 14, 20243$66.9M canonicalSEC ↗
Q1 202413F-HRMay 15, 20243$275.5M canonicalSEC ↗