Supersymmetric States in M5/M2 CFTs

We propose an exact, finite $N$ formula for the partition function over $1/4^{th}$ BPS states in the conformal field theory on the world volume of $N$ coincident M5 branes and $1/8^{th}$ BPS states in the theory of $N$ coincident M2 branes. We obtain our partition function by performing the radial quantization of the Coulomb Branches of these theories, and rederive the same formula from the quantization of supersymmetric giant and dual giant gravitons in $AdS_7 \times S^4$ and $AdS_4 \times S^7$. Our partition function is qualitatively similar to the analogous quantity in ${\cal N}=4$ Yang Mills. It reduces to the sum over supersymmetric multi gravitons at low energies, but deviates from this supergravity formula at energies that scale like a positive power of $N$.