Crawford Fund Management, LLC In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Crawford Fund Management, LLC reported 32 stock positions worth $326.0 million . Its top holding was Toast Class A (TOST) at 6.6% of the portfolio, followed by Uber Technologies (UBER, 6.6% ) and Texas Pacific Land (TPL, 6.5% ). Compared with Q1 2026, it opened 4 new positions, sold out of 3, added to 13 and reduced 14. The biggest buy was a new position in Texas Pacific Land (TPL) and the biggest sale Roku (ROKU, shares −99% ).
Location BOSTON, MA
CIK 0001816427
Portfolio Value $326.0M (Q2 2026) Holdings 32 stocks · $326.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 TOST Toast Inc. Class A 775,836 $21.6M Add +48.1% UBER Uber Technologies Inc. 296,264 $21.4M Add +1.0% TPL Texas Pacific Land Corp. 48,771 $21.3M New CROX Crocs Inc. 160,014 $19.3M Reduce -9.3% LNG Cheniere Energy Inc. 78,695 $18.8M Add +70.9% MORN Morningstar Inc. 109,500 $17.1M Add +22.8% CUBI Customers Bancorp Inc. 203,750 $16.1M No change NTB Bank of N.T. Butterfield&son 237,604 $14.1M Add +14.6% KNSL Kinsale Capital Group Inc. 42,090 $13.9M Add +100.7% XPEL Xpel Inc. 270,751 $13.4M Reduce -18.5% SA Seabridge Gold Inc. 515,243 $13.3M Add +18.5% KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 138,429 $12.0M Add +2.2% SFM Sprouts Farmers Market Inc. 122,800 $10.4M New CHE Chemed Corp. 21,975 $10.2M Add +3.0% CPRT Copart Inc. 360,000 $10.1M New BAH Booz Allen Hamilton Holdings 165,591 $10.0M Reduce -12.8% WT Wisdomtree Inc. 575,654 $9.8M Reduce -43.9% NXST Nexstar Media Group Inc. 54,543 $9.7M Reduce -11.9% HLI Houlihan Lokey Inc. 68,431 $9.2M Add +35.4% ICE Intercontinental Exchange Inc. 61,200 $7.5M New UTHR United Therapeutics Corp. 13,368 $7.2M Reduce -10.1% HROW Harrow Inc. 142,120 $6.0M Reduce -26.5% NNI Nelnet Inc. Class A 44,455 $5.9M Reduce -5.3% ABNB Airbnb Inc. Class A 40,432 $5.8M Reduce -39.8% HIFS Hingham Institution for SVGS 18,662 $5.7M Add +27.3% GRBK Green Brick Partners Inc. 66,200 $5.3M Reduce -57.8% RGLD Royal Gold Inc. 23,140 $4.6M Add +189.3% COUR Coursera Inc. 470,000 $2.7M Add +123.8% MLP Maui Land & Pineapple Co. filed as MAUI LD & PINEAPPLE INC 77,633 $1.4M Reduce -0.8% HBCP Home Bancorp Inc. 12,947 $887K Reduce -92.0% VCEL Vericel Corp. 14,788 $658K Reduce -88.6% ROKU Roku Inc. 3,000 $414K Reduce -98.5%
Options reported separately and not counted above: BE puts ($14.0M), SNOW puts ($13.2M), IONQ puts ($11.8M), ASTS puts ($7.8M), TEM puts ($7.6M), FCEL puts ($6.9M), RH puts ($6.9M), MRNA puts ($6.8M), CRWV puts ($6.7M), RIVN puts ($6.6M), ORCL puts ($6.5M), ALK puts ($5.2M), and 159 more.
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ ROKU Roku Inc. Reduce -98.5% 0.13% −6.13 CDW CDW Corp. Sold out 0.00% −3.25 SAM Boston Beer Company Inc. Class A Sold out 0.00% −2.96 HBCP Home Bancorp Inc. Reduce -92.0% 0.27% −2.92 WT Wisdomtree Inc. Reduce -43.9% 2.99% −1.88 BAH Booz Allen Hamilton Holdings Reduce -12.8% 3.08% −1.75 GRBK Green Brick Partners Inc. Reduce -57.8% 1.63% −1.67 VCEL Vericel Corp. Reduce -88.6% 0.20% −1.16 ABNB Airbnb Inc. Class A Reduce -39.8% 1.77% −0.99 PM Philip Morris International Sold out 0.00% −0.72 XPEL Xpel Inc. Reduce -18.5% 4.12% −0.67 NXST Nexstar Media Group Inc. Reduce -11.9% 2.99% −0.66 UTHR United Therapeutics Corp. Reduce -10.1% 2.22% −0.65 HROW Harrow Inc. Reduce -26.5% 1.85% −0.37 NNI Nelnet Inc. Class A Reduce -5.3% 1.82% −0.16 MLP Maui Land & Pineapple Co. Reduce -0.8% 0.42% +0.03 CROX Crocs Inc. Reduce -9.3% 5.92% +1.14
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ TPL Texas Pacific Land Corp. New 6.55% +6.55 SFM Sprouts Farmers Market Inc. New 3.19% +3.19 CPRT Copart Inc. New 3.11% +3.11 ICE Intercontinental Exchange Inc. New 2.31% +2.31 TOST Toast Inc. Class A Add +48.1% 6.62% +2.09 KNSL Kinsale Capital Group Inc. Add +100.7% 4.26% +1.92 LNG Cheniere Energy Inc. Add +70.9% 5.77% +1.51 NTB Bank of N.T. Butterfield&son Add +14.6% 4.34% +0.79 RGLD Royal Gold Inc. Add +189.3% 1.42% +0.75 CHE Chemed Corp. Add +3.0% 3.14% +0.51 HLI Houlihan Lokey Inc. Add +35.4% 2.82% +0.45 COUR Coursera Inc. Add +123.8% 0.81% +0.41 KSPI JSC Kaspi.kz ADR Add +2.2% 3.68% +0.41 HIFS Hingham Institution for SVGS Add +27.3% 1.76% +0.39 MORN Morningstar Inc. Add +22.8% 5.24% +0.32 SA Seabridge Gold Inc. Add +18.5% 4.07% +0.05 UBER Uber Technologies Inc. Add +1.0% 6.56% −0.32
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ BE Bloom Energy Corp. Class A put Reduce -23.9% 46,400 $14.0M SNOW Snowflake Inc. put Add +9.8% 51,800 $13.2M IONQ Ionq Inc. put Add +7.8% 221,500 $11.8M ASTS Ast Spacemobile Inc. put Add +63.0% 88,000 $7.8M TEM Tempus AI Inc. Class A put Add +52.6% 130,500 $7.6M FCEL Fuelcell Energy Inc. put Reduce -39.8% 191,800 $6.9M RH RH put Add +91.7% 41,600 $6.9M MRNA Moderna Inc. put Reduce -39.0% 96,500 $6.8M CRWV Coreweave Inc. Class A put Add +28.9% 67,700 $6.7M RIVN Rivian Automotive Inc. Class A put Add +21.7% 379,500 $6.6M ORCL Oracle Corp. put New 44,500 $6.5M ALK Alaska Air Group Inc. put Reduce -29.8% 99,000 $5.2M ARE Alexandria Real Estate Equit put New 88,000 $4.7M ARQQ Arqit Quantum Inc. put Add +146.7% 148,000 $4.4M APLD Applied Digital Corp. put Add +64.3% 115,000 $4.3M KSS Kohls Corp. put Add +30.4% 236,000 $4.2M RGTI Rigetti Computing Inc. put Add +16.3% 214,000 $4.1M CBRL Cracker Barrel Old Country put Add +60.4% 77,000 $4.1M U Unity Software Inc. put Add +11.9% 141,300 $4.0M STLA Stellantis NV put Add +10.3% 697,000 $4.0M AI C3.AI Inc. Class A put Add +56.9% 411,000 $3.7M SFM Sprouts Farmers Market Inc. call Add +724.0% 41,200 $3.5M VSAT Viasat Inc. put Add +2.8% 37,200 $3.3M OWL Blue Owl Capital Inc. put Reduce -19.3% 380,000 $3.3M AAL American Airlines Group Inc. put Reduce -0.6% 172,500 $3.1M CIFR Cipher Digital Inc. put Add +81.4% 127,000 $3.1M CLSK Cleanspark Inc. put Add +56.4% 208,000 $3.0M SMR Nuscale Power Corp. put Add +42.1% 297,000 $3.0M BKSY Blacksky Technology Inc. put Reduce -7.8% 106,000 $3.0M PLTR Palantir Technologies Inc. Class A put Add +488.4% 25,300 $3.0M MKTX Marketaxess Holdings Inc. call Add +507.1% 25,500 $2.9M ADBE Adobe Inc. call Add +86.7% 14,000 $2.9M FWRG First Watch Restaurant Group put Add +44.9% 218,800 $2.8M CCL Carnival Corp. Ltd. put Add +250.0% 98,000 $2.8M ACHR Archer Aviation Inc. Class A put Add +5.0% 584,000 $2.8M TDOC Teladoc Health Inc. put Reduce -3.1% 314,100 $2.7M QBTS D-Wave Quantum Inc. put Add +450.0% 110,000 $2.6M DFTX Definium Therapeutics Inc. put Add +162.7% 55,700 $2.6M CNK Cinemark Holdings Inc. put Reduce -8.9% 82,000 $2.6M NNE Nano Nuclear Energy Inc. put Add +88.9% 119,000 $2.5M UNH Unitedhealth Group Inc. put Reduce -77.8% 6,000 $2.5M QUBT Quantum Computing Inc. put Add +57.1% 256,000 $2.5M NCLH Norwegian Cruise Line Holdin put Add +12.0% 117,000 $2.5M DOCN Digitalocean Holdings Inc. put Add +30.0% 15,600 $2.4M PII Polaris Inc. put Reduce -27.4% 34,500 $2.4M BA The Boeing Co. put Reduce -23.2% 10,600 $2.3M SKYT Skywater Technology Inc. put Sold out 80,000 $2.2Mbefore exit ULCC Frontier Group Holdings Inc. put Add +8.0% 270,000 $2.1M DPZ Domino's Pizza Inc. call New 7,200 $2.1M ARM Arm Holdings PLC-ADR put Add +96.7% 5,900 $2.1M
Showing the first 50 of 172.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 32 $326.0M TOST, UBER, TPL, CROX, LNG Q1 2026 31 $306.6M UBER, ROKU, MORN, WT, BAH Q4 2025 34 $311.9M NXST, UBER, XPEL, LNG, CIB Q3 2025 26 $185.0M UBER, LNG, NXST, SA, ROKU Q2 2025 25 $169.8M UBER, ROKU, LNG, UTHR, SAM Q1 2025 26 $151.6M UBER, LNG, SAM, UTHR, ROKU Q4 2024 33 $149.3M ROKU, LNG, UBER, SAM, NATH Q3 2024 31 $135.7M UBER, UTHR, ROKU, LNG, NATH Q2 2024 30 $126.2M UTHR, UBER, ROKU, IBKR, SAM Q1 2024 36 $128.0M ATKR, UTHR, IBKR, NXST, NNI