Crawford Fund Management, LLC
Follow13F filer, CIK 1816427, BOSTON, MA
Crawford Fund Management, LLC reported $758,959,137 across 199 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 50.44% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001816427-26-000003
- Period
- 2025-12-31
- Reported value
- $759M
- Holdings
- 199
- Top 10 weight
- 50.44%
- New
- 35
- Sold out
- 29
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| CUBInew | +183,850 | $13.4M |
| OPCHnew | +367,000 | $11.7M |
| NTBnew | +201,504 | $10M |
| TPLadded | +32,137 | $9.23M |
| YELPadded | +261,913 | $7.96M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| UTHRreduced | -11,522 | -$5.61M |
| RGLDexited | -22,616 | -$4.54M |
| BURexited | -361,346 | -$4.32M |
| ROKUreduced | -35,597 | -$3.86M |
| VCELreduced | -91,200 | -$3.28M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Back to all 34 share positions
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| PLTRPALANTIR TECHNOLOGIES INC COM | put | 180,900 | $32.2M | +157,900 |
| BABOEING CO COM | put | 106,200 | $23.1M | -11,000 |
| BEBLOOM ENERGY CORP COM | put | 224,500 | $19.5M | -15,500 |
| IONQIONQ INC Stock | put | 421,000 | $18.9M | +72,500 |
| AFRMAFFIRM HLDGS INC Stock | put | 202,100 | $15M | -1,500 |
| SNOWSNOWFLAKE INC Stock | put | 52,400 | $11.5M | +42,600 |
| RIVNRIVIAN AUTOMOTIVE INC Stock | put | 550,000 | $10.8M | +51,000 |
| ASTSAST SPACEMOBILE INC Stock | put | 134,000 | $9.73M | +33,300 |
| UNHUNITEDHEALTH GROUP INC COM | put | 28,000 | $9.24M | -11,900 |
| MRNAMODERNA INC COM | put | 247,000 | $7.28M | -13,600 |
| UUNITY SOFTWARE INC Stock | put | 163,300 | $7.21M | -20,200 |
| TEVATEVA PHARMACEUTICAL INDS LTD ADR | put | 226,700 | $7.08M | -21,300 |
| VSATVIASAT INC COM | put | 203,200 | $7M | -24,300 |
| LMNDLEMONADE INC STOK | put | 95,700 | $6.81M | -39,000 |
| ALKALASKA AIR GROUP INC Stock | put | 128,000 | $6.44M | +50,000 |
| WBDWARNER BROS DISCOVERY INC Stock | put | 221,000 | $6.37M | -47,500 |
| PACSPACS GROUP INC COM SHS | put | 165,000 | $6.33M | -81,000 |
| STLASTELLANTIS N.V Stock | put | 556,000 | $6.05M | +132,000 |
| KSSKOHLS CORP COM | put | 283,000 | $5.78M | -167,500 |
| GMGENERAL MTRS CO Stock | put | 71,000 | $5.77M | -2,500 |
| COHRCOHERENT CORP Stock | put | 29,300 | $5.41M | -5,300 |
| AIC3 AI INC CL A | put | 397,000 | $5.35M | -16,000 |
| NNNEXTNAV INC COMMON STOCK | put | 317,000 | $5.27M | -8,000 |
| CRWVCOREWEAVE INC COM | put | 72,500 | $5.19M | +13,000 |
| OWLBLUE OWL CAPITAL INC Stock | put | 328,000 | $4.9M | +263,000 |
| RGTIRIGETTI COMPUTING INC Stock | put | 220,000 | $4.87M | +39,000 |
| CALYCALLAWAY GOLF CO COM | put | 377,000 | $4.4M | -94,000 |
| QSQUANTUMSCAPE CORP Stock | put | 418,000 | $4.36M | -44,000 |
| TEMTEMPUS AI INC Stock | put | 69,500 | $4.1M | +26,000 |
| SOFISOFI TECHNOLOGIES INC Stock | put | 153,300 | $4.01M | -75,700 |
| MIND MEDICINE MINDMED INCMIND MEDICINE MINDMED INC COM NEW | put | 296,200 | $3.97M | +28,700 |
| NCLHNORWEGIAN CRUISE LINE HLDGS Stock | put | 169,400 | $3.78M | -8,600 |
| EXASEXACT SCIENCES CORP Stock | put | 36,500 | $3.71M | -13,500 |
| ATKRATKORE INC COMMON STOCK | call | 55,800 | $3.53M | +24,800 |
| JOBYJOBY AVIATION INC COMMON STOCK | put | 266,000 | $3.51M | -8,000 |
| BKDBROOKDALE SR LIVING INC COM | put | 303,100 | $3.27M | -13,900 |
| CRNCCERENCE INC Stock | put | 304,000 | $3.25M | +57,000 |
| SMRNUSCALE PWR CORP Stock | put | 225,500 | $3.2M | +33,000 |
| NTRANATERA INC Stock | put | 13,900 | $3.18M | +3,100 |
| BKSYBLACKSKY TECHNOLOGY INC COMMON STOCK | put | 161,000 | $3.02M | +25,000 |
| VNETVNET GROUP INC SPONSORED ADS A | put | 355,000 | $3M | +135,000 |
| CZRCAESARS ENTERTAINMENT INC NE COM | put | 126,000 | $2.95M | new |
| NVDANVIDIA CORPORATION COM | put | 15,600 | $2.91M | +4,500 |
| CVNACARVANA CO Stock | put | 6,800 | $2.87M | +2,400 |
| APLDAPPLIED DIGITAL CORP Stock | put | 113,500 | $2.78M | -19,500 |
| SKYTSKYWATER TECHNOLOGY INC Stock | put | 153,000 | $2.78M | +9,000 |
| SGSWEETGREEN INC COM CL A | put | 399,900 | $2.7M | -17,000 |
| XIFRXPLR INFRASTRUCTURE LP COM UNIT PART IN | put | 266,000 | $2.66M | -64,000 |
| SBGISINCLAIR INC Stock | call | 171,000 | $2.62M | -93,000 |
| JBLUJETBLUE AIRWAYS CORP COM | put | 574,000 | $2.61M | +279,000 |
| CPRICAPRI HOLDINGS LIMITED SHS | put | 102,000 | $2.49M | -56,000 |
| TSMTAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS | put | 8,000 | $2.43M | 0 |
| CNKCINEMARK HLDGS INC Stock | put | 98,000 | $2.28M | -17,000 |
| AMRZAMRIZE LTD Stock | call | 41,000 | $2.22M | new |
| MKTXMARKETAXESS HLDGS INC COM | call | 12,200 | $2.21M | +3,200 |
| CCOICOGENT COMM HOLDINGS INC COM NEW | put | 97,900 | $2.11M | +5,900 |
| FSLYFASTLY INC CL A | put | 206,000 | $2.1M | -153,000 |
| HIMSHIMS & HERS HEALTH INC COM CL A | put | 64,500 | $2.09M | -59,000 |
| HOGHARLEY DAVIDSON INC Stock | put | 102,000 | $2.09M | -48,500 |
| FCELFUELCELL ENERGY INC COMMON STOCK | put | 285,000 | $2.08M | -14,000 |
| CROXCROCS INC Stock | call | 24,000 | $2.05M | new |
| FFORD MTR CO Stock | put | 154,900 | $2.03M | -14,600 |
| MOSMOSAIC CO Stock | call | 82,000 | $1.98M | -13,000 |
| REALTHE REALREAL INC COM | put | 125,000 | $1.97M | -83,000 |
| JEFJEFFERIES FINANCIAL GROUP IN COM | put | 31,700 | $1.96M | new |
| WENWENDYS CO Stock | put | 230,000 | $1.92M | -9,000 |
| SLGSL GREEN RLTY CORP REIT | put | 41,200 | $1.89M | +7,500 |
| ACHRARCHER AVIATION INC COM CL A | put | 250,000 | $1.88M | new |
| JACKJACK IN THE BOX INC COM | put | 97,000 | $1.84M | -117,500 |
| NNENANO NUCLEAR ENERGY INC COM | put | 73,500 | $1.76M | +42,500 |
| SNAPSNAP INC CL A | put | 213,500 | $1.72M | +30,500 |
| MPTMEDICAL PROPERTIES TRUST INC REIT | put | 341,500 | $1.71M | +127,300 |
| SOUNSOUNDHOUND AI INC Stock | put | 167,500 | $1.67M | +80,000 |
| ELLAUDER ESTEE COS INC Stock | call | 15,800 | $1.65M | -17,700 |
| ARQQARQIT QUANTUM INC Stock | put | 75,000 | $1.64M | +59,000 |
| AALAMERICAN AIRLINES GROUP INC Stock | put | 104,500 | $1.6M | -116,000 |
| ALGNALIGN TECHNOLOGY INC Stock | call | 9,900 | $1.55M | new |
| PKPARK HOTELS & RESORTS INC REIT | put | 144,000 | $1.51M | +19,000 |
| TDOCTELADOC HEALTH INC COM | put | 214,000 | $1.5M | -135,000 |
| BXPBXP INC REIT | put | 21,800 | $1.47M | -13,400 |
| QUBTQUANTUM COMPUTING INC COM | put | 140,000 | $1.44M | -15,500 |
| EVLVEVOLV TECHNOLOGIES HLDNGS IN COM CL A | put | 196,900 | $1.41M | -64,100 |
| RUNSUNRUN INC COM | put | 75,700 | $1.39M | -50,300 |
| BHCBAUSCH HEALTH COS INC Stock | put | 198,500 | $1.38M | -71,500 |
| MARAMARA HOLDINGS INC Stock | put | 147,000 | $1.32M | +63,000 |
| JMIAJUMIA TECHNOLOGIES AG ADR | put | 105,500 | $1.32M | +42,000 |
| PFEPFIZER INC COM | put | 52,500 | $1.31M | -75,000 |
| ASPIASP ISOTOPES INC COM | put | 244,000 | $1.31M | +92,000 |
| DOCNDIGITALOCEAN HLDGS INC Stock | put | 27,000 | $1.3M | -44,500 |
| ONDSONDAS INC COM NEW | put | 131,000 | $1.28M | new |
| CHPTCHARGEPOINT HOLDINGS INC Equity | put | 184,000 | $1.22M | +100,000 |
| EVGOEVGO INC CL A COM | put | 417,500 | $1.21M | +139,000 |
| FUNSIX FLAGS ENTERTAINMENT CORP Stock | put | 77,000 | $1.18M | new |
| ULCCFRONTIER GROUP HLDGS INC Stock | put | 250,000 | $1.18M | -193,000 |
| ASANASANA INC CL A | put | 82,500 | $1.13M | -19,000 |
| TCXTUCOWS INC COM NEW | put | 50,300 | $1.13M | -35,700 |
| AAPADVANCE AUTO PARTS INC COM | put | 28,500 | $1.12M | +14,000 |
| BBAIBIGBEAR AI HLDGS INC Stock | put | 205,000 | $1.11M | +48,000 |
| COURCOURSERA INC Stock | call | 146,000 | $1.07M | new |
| AREALEXANDRIA REAL ESTATE EQ IN REIT | call | 21,900 | $1.07M | 0 |
| NTNXNUTANIX INC Stock | put | 20,700 | $1.07M | +9,000 |
| ETSYETSY INC COM | call | 18,500 | $1.03M | +6,500 |
| SHAKSHAKE SHACK INC CL A | put | 12,500 | $1.01M | +8,000 |
| HPPHUDSON PACIFIC PROPERTIES IN COM | put | 88,000 | $953K | new |
| MFICMIDCAP FINANCIAL INVSTMNT CO COM NEW | put | 80,000 | $915K | -13,000 |
| CBRLCRACKER BARREL OLD CTRY STOR COM | put | 36,000 | $914K | +25,000 |
| BBIOBRIDGEBIO PHARMA INC COM | put | 11,500 | $880K | 0 |
| CXWCORECIVIC INC COM | call | 46,000 | $879K | new |
| IEIVANHOE ELECTRIC INC COMMON STOCK | put | 55,000 | $879K | -62,000 |
| PTONPELOTON INTERACTIVE INC CL A COM | put | 140,900 | $868K | -61,100 |
| ARMARM HOLDINGS PLC SPONSORED ADS | put | 7,800 | $853K | -4,800 |
| CMRCCOMMERCE.COM INC COM SER 1 | put | 205,000 | $845K | -66,000 |
| IEPICAHN ENTERPRISES LP Common Stock | put | 110,000 | $830K | -12,000 |
| TDUPTHREDUP INC COMMON STOCK | put | 129,000 | $824K | new |
| ALLYALLY FINL INC Stock | put | 16,000 | $725K | -16,500 |
| OPCHOPTION CARE HEALTH INC Stock | call | 22,000 | $701K | +10,000 |
| HTZHERTZ GLOBAL HLDGS INC COM NEW | put | 136,000 | $699K | -38,000 |
| RIOTRIOT PLATFORMS INC COM | put | 54,500 | $691K | -13,500 |
| BOTZGLOBAL X FDS RBTCS ARTFL INTE | put | 18,000 | $652K | -3,000 |
| SITMSITIME CORP Stock | put | 1,800 | $636K | -3,400 |
| RCREADY CAPITAL CORP COM | put | 290,000 | $632K | -348,000 |
| CAVACAVA GROUP INC STOK | call | 10,500 | $616K | new |
| SGRYSURGERY PARTNERS INC COM | put | 37,000 | $572K | new |
| FIPFTAI INFRASTRUCTURE INC COMMON STOCK | put | 124,000 | $572K | -245,300 |
| CDZICADIZ INC COM NEW | put | 99,300 | $557K | new |
| PENNPENN ENTERTAINMENT INC Stock | put | 37,000 | $546K | +8,500 |
| VNOVORNADO RLTY TR SH BEN INT | put | 16,000 | $532K | 0 |
| SFMSPROUTS FMRS MKT INC Stock | call | 6,500 | $518K | new |
| RCATRED CAT HLDGS INC COM | put | 64,500 | $511K | new |
| TPCTUTOR PERINI CORP COM | put | 7,300 | $489K | -41,200 |
| LCIDLUCID GROUP INC Stock | call | 457,500 | $484K | -27,000 |
| LUMNLUMEN TECHNOLOGIES INC COM | put | 60,500 | $470K | -154,500 |
| AIRJAIRJOULE TECHNOLOGIES CORP CL A | call | 119,200 | $470K | new |
| CCLCARNIVAL CORP Stock | put | 15,300 | $467K | -48,200 |
| RRGBRED ROBIN GOURMET BURGERS IN COM | put | 105,000 | $425K | new |
| AIC3 AI INC CL A | call | 30,000 | $404K | new |
| DFDVDEFI DEVELOPMENT CORP COM | call | 78,000 | $394K | new |
| SFIXSTITCH FIX INC COM CL A | put | 75,000 | $394K | +3,000 |
| PIIPOLARIS INC Stock | put | 6,200 | $392K | -11,800 |
| HROWHARROW INC COM | call | 8,000 | $392K | new |
| GOOSCANADA GOOSE HLDGS INC Stock | call | 30,000 | $388K | -27,500 |
| RACEFERRARI N V COM | put | 1,000 | $370K | -300 |
| HNSTHONEST CO INC COM | put | 139,000 | $359K | -37,000 |
| SPCEVIRGIN GALACTIC HOLDINGS INC COMMON STOCK | put | 108,000 | $347K | +54,500 |
| WTRGESSENTIAL UTILS INC Stock | put | 9,000 | $345K | -28,500 |
| PLAYDAVE & BUSTERS ENTMT INC COM | put | 21,000 | $340K | -34,000 |
| ALBALBEMARLE CORP COM | call | 2,400 | $339K | -7,100 |
| HCATHEALTH CATALYST INC COM | put | 135,000 | $323K | -172,000 |
| CMCSACOMCAST CORP NEW COM | call | 10,000 | $299K | -25,000 |
| TXG10X GENOMICS INC Stock | put | 17,600 | $287K | +1,600 |
| SIRISIRIUSXM HOLDINGS INC COMMON STOCK | call | 14,000 | $280K | -5,000 |
| MACMACERICH CO COM | put | 15,000 | $277K | -27,000 |
| SGSWEETGREEN INC COM CL A | call | 40,000 | $270K | new |
| NWLNEWELL BRANDS INC Stock | put | 72,000 | $268K | -74,000 |
| ZETAZETA GLOBAL HOLDINGS CORP Stock | put | 12,000 | $244K | -25,000 |
| NVAXNOVAVAX INC COM NEW | put | 25,000 | $168K | 0 |
| BIZDVANECK ETF TRUST BDC INCOME ETF | put | 11,000 | $156K | new |
| AMCAMC ENTMT HLDGS INC CL A NEW | put | 90,000 | $140K | -125,000 |
| HLLYHOLLEY INC COMMON STOCK | put | 30,000 | $124K | -30,000 |
| COURCOURSERA INC Stock | put | 15,000 | $110K | -62,000 |
| AIRSAIRSCULPT TECHNOLOGIES INC COMMON STOCK | call | 45,100 | $89.3K | new |
| BLNDBLEND LABS INC CL A | put | 26,000 | $79K | -71,000 |
| NWLNEWELL BRANDS INC Stock | call | 20,500 | $76.3K | 0 |
| DDD3D SYS CORP DEL COMMON STOCK | put | 30,500 | $54K | 0 |
| PLCECHILDRENS PL INC NEW COM | put | 11,000 | $43.8K | -36,000 |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| RGLDROYAL GOLD INC | 22,616 | $4.54M | shares |
| BURBURFORD CAPITAL LIMITED | 361,346 | $4.32M | shares |
| PROPROS Holdings Inc | 111,000 | $2.54M | put |
| RHRH | 11,000 | $2.23M | put |
| MAINMAIN STR CAP CORP | 22,000 | $1.4M | put |
| RBLXROBLOX CORP | 10,000 | $1.39M | put |
| XMTRXOMETRY INC | 25,000 | $1.36M | put |
| FICOFAIR ISAAC CORP | 600 | $898K | put |
| JBGSJBG SMITH PPTYS | 40,100 | $892K | put |
| CPNGCOUPANG INC | 22,500 | $724K | call |
| 89BIO INC89BIO INC | 42,000 | $617K | put |
| LYFTLYFT INC | 26,000 | $572K | put |
| FNDFLOOR & DECOR HLDGS INC | 7,600 | $560K | put |
| BRKRBRUKER CORP | 16,000 | $520K | call |
| HPPHUDSON PAC PPTYS INC | 185,000 | $511K | put |
| SLVISHARES SILVER TR | 12,000 | $508K | call |
| MAGXROUNDHILL ETF TRUST | 8,600 | $485K | put |
| CHTRCHARTER COMMUNICATIONS INC | 1,600 | $440K | put |
| FIGSFIGS INC | 65,000 | $435K | call |
| LAMRLAMAR ADVERTISING CO | 3,500 | $428K | call |
| LQDALIQUIDIA CORPORATION | 18,000 | $409K | put |
| CIOCITY OFFICE REIT INC | 50,000 | $348K | put |
| AGIALAMOS GOLD INC | 7,000 | $244K | call |
| LOMALOMA NEGRA C I A S A MTN 14 | 26,000 | $192K | call |
| SERVSERVE ROBOTICS INC | 15,000 | $174K | put |
| FFWMFIRST FNDTN INC | 26,000 | $145K | put |
| BYNDBEYOND MEAT INC | 70,000 | $132K | put |
| LAZRQLUMINAR TECHNOLOGIES INC. COM | 44,000 | $84K | put |
| NFENEW FORTRESS ENERGY INC | 20,000 | $44.2K | put |
How Q4 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001816427-26-000003 | base | 2026-02-17 | acceptance time not in the bulk data set |