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Yes, but it's tighter than I'd like.
This is also a common issue, according to the staff at the Raphe- you have to choose whether you size for waist, or shoulders and neck.
If I wear a large then anything in a pocket causes the jersey to rotate, leaving the heavy pocket as a sort of marsupial pouch.
Medium does this only with heavy items - a pocket full of energy bars plus multitool etc.
Just because you can fit in it, doesn't make it the right size.
Can you even do the zip all the way up?