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CRCM LP

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13F filer, CIK 1483234, SAN FRANCISCO, CA

CRCM LP reported $295,989,224 across 11 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 99.45% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000898432-26-000094

Period
2025-12-31
Reported value
$296M
Holdings
11
Top 10 weight
99.45%
New
3
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
WBDnew+1,500,000$43.2M
IAUadded+327,042$26.5M
RNAMnew+202,370$14.6M
AIFCadded+8,629,103$9.49M
FRNMnew+419,084$5.46M

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

SecurityShares changeApprox. value
IBITexited-2,214,074-$144M
GRALreduced-770,277-$65.9M
STRKexited-22,784-$2.09M

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.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0000898432-26-000094, largest first. % of portfolio is the value over $295,989,224, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GRALGRAIL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,496,026 shares; 2024Q4: 3,644,855 shares; 2025Q1: 3,644,855 shares; 2025Q2: 3,644,855 shares; 2025Q3: 1,842,651 shares; 2025Q4: 1,072,374 shares 1,072,374$91.8M31.01%-770,277Timeline
IAUISHARES GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,445 shares; 2024Q4: 8,495 shares; 2025Q1: 5,965 shares; 2025Q2: 280,240 shares; 2025Q3: 392,680 shares; 2025Q4: 719,722 shares 719,722$58.4M19.74%+327,042Timeline
HHHHOWARD HUGHES HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 307,223 shares; 2025Q3: 560,713 shares; 2025Q4: 612,839 shares 612,839$48.9M16.52%+52,126Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,500,000 shares 1,500,000$43.2M14.61%newTimeline
RNAMAVIDITY BIOSCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 202,370 shares 202,370$14.6M4.93%newTimeline
AIFCAI FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,312,177 shares; 2025Q4: 10,941,280 shares 10,941,280$12M4.07%+8,629,103Timeline
BNRBURNING ROCK BIOTECH LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 325,969 shares; 2025Q1: 226,290 shares; 2025Q2: 194,766 shares; 2025Q3: 221,575 shares; 2025Q4: 491,426 shares 491,426$9.9M3.35%+269,851Timeline
PLBYPLAYBOY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,074,400 shares; 2025Q1: 1,662,752 shares; 2025Q2: 706,620 shares; 2025Q3: 1,451,156 shares; 2025Q4: 3,689,452 shares 3,689,452$6.94M2.34%+2,238,296Timeline
FRNMPERCEPTIVE CAP SOLUTIONS CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 419,084 shares 419,084$5.46M1.84%newTimeline
PCAPPROCAP ACQUISITION CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 306,519 shares; 2025Q4: 306,519 shares 306,519$3.11M1.05%0Timeline
USBCUSBC INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,972,471 shares; 2025Q4: 2,571,312 shares 2,571,312$1.63M0.55%+598,841Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IBITISHARES BITCOIN TRUST ETF2,214,074$144Mshares
STRKSTRATEGY INC22,784$2.09Mshares

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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000898432-26-000094 base2026-02-13acceptance time not in the bulk data set