Crawford Fund Management, LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Crawford Fund Management, LLC reported 33 stock positions worth $149.3 million . Its top holding was Roku (ROKU) at 7.3% of the portfolio, followed by Cheniere Energy (LNG, 6.5% ) and Uber Technologies (UBER, 6.4% ). Compared with Q3 2024, it opened 6 new positions, sold out of 4, added to 14 and reduced 10. The biggest buy was a new position in JSC Kaspi.kz ADR (KSPI) and the biggest sale Nelnet Class A (NNI, shares −54% ).
Location BOSTON, MA
CIK 0001816427
Portfolio Value $149.3M (Q4 2024) Holdings 33 stocks · $149.3M 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 Q3 2024 ROKU Roku Inc. 146,332 $10.9M Add +37.5% LNG Cheniere Energy Inc. 45,076 $9.7M Add +2.1% UBER Uber Technologies Inc. 158,100 $9.5M Add +22.8% SAM Boston Beer Company Inc. Class A 26,736 $8.0M Add +34.1% NATH Nathan's Famous Inc. 98,834 $7.8M Add +1.2% UTHR United Therapeutics Corp. 21,680 $7.6M Reduce -8.5% RGLD Royal Gold Inc. 57,027 $7.5M Add +20.5% XPEL Xpel Inc. 187,994 $7.5M Add +37.6% WT Wisdomtree Inc. 559,874 $5.9M Add +12.0% NXST Nexstar Media Group Inc. 36,643 $5.8M Reduce -15.9% KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 57,165 $5.4M New DEI Douglas Emmett Inc. 290,338 $5.4M Add +78.7% TOST Toast Inc. Class A 142,600 $5.2M New SA Seabridge Gold Inc. 418,689 $4.8M Add +32.0% HBCP Home Bancorp Inc. 99,245 $4.6M Add +8.8% IBKR Interactive Brokers Gro Class A 25,258 $4.5M Reduce -42.8% CROX Crocs Inc. 40,011 $4.4M Add +14.9% BUR Burford Capital Ltd. 324,346 $4.1M Add +12.8% GHC Graham Holdings Co. Class B 4,620 $4.0M Reduce -24.5% SII Sprott Inc. 89,739 $3.8M Reduce -9.5% NWL Newell Brands Inc. 369,300 $3.7M New ARE Alexandria Real Estate Equit 34,500 $3.4M New ABNB Airbnb Inc. Class A 22,550 $3.0M Reduce -5.0% NNI Nelnet Inc. Class A 26,508 $2.8M Reduce -54.1% VRSN Verisign Inc. 12,700 $2.6M New HIFS Hingham Institution for SVGS 9,381 $2.4M Add +92.2% PM Philip Morris International 10,200 $1.2M No change TSLA Tesla Inc. 3,000 $1.2M No change OUNZ Vaneck Merk Gold ETF 39,900 $1.0M No change CHE Chemed Corp. 992 $526K Reduce -86.1% CUBI Customers Bancorp Inc. 10,000 $487K Reduce -85.2% ACAD Acadia Pharmaceuticals Inc. 19,800 $363K New HYLN Hyliion Holdings Corp. 91,838 $240K Reduce -21.3%
Options reported separately and not counted above: BA puts ($42.0M), AFRM puts ($20.2M), IONQ puts ($17.5M), PFE puts ($12.6M), AI puts ($11.2M), BE puts ($11.0M), RIVN puts ($10.6M), PLTR puts ($8.4M), GM puts ($7.9M), LMND puts ($7.4M), SOFI puts ($6.3M), MRNA puts ($6.3M), and 174 more.
Portfolio Sells Q3 2024 → Q4 2024 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ NNI Nelnet Inc. Class A Reduce -54.1% 1.90% −2.93 CHE Chemed Corp. Reduce -86.1% 0.35% −2.82 CUBI Customers Bancorp Inc. Reduce -85.2% 0.33% −1.98 IBKR Interactive Brokers Gro Class A Reduce -42.8% 2.99% −1.55 CLFD Clearfield Inc. Sold out 0.00% −1.46 NXST Nexstar Media Group Inc. Reduce -15.9% 3.88% −1.43 URNM Sprott Uranium Miners ETF Sold out 0.00% −1.34 UTHR United Therapeutics Corp. Reduce -8.5% 5.12% −1.13 GHC Graham Holdings Co. Class B Reduce -24.5% 2.70% −1.01 SMLR Semler Scientific Inc. Sold out 0.00% −0.65 SII Sprott Inc. Reduce -9.5% 2.53% −0.63 ATKR Atkore Inc. Sold out 0.00% −0.32 ABNB Airbnb Inc. Class A Reduce -5.0% 1.98% −0.24 HYLN Hyliion Holdings Corp. Reduce -21.3% 0.16% −0.05
Portfolio Buys Q3 2024 → Q4 2024 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ KSPI JSC Kaspi.kz ADR New 3.63% +3.63 TOST Toast Inc. Class A New 3.48% +3.48 NWL Newell Brands Inc. New 2.46% +2.46 ARE Alexandria Real Estate Equit New 2.25% +2.25 VRSN Verisign Inc. New 1.76% +1.76 DEI Douglas Emmett Inc. Add +78.7% 3.61% +1.51 ROKU Roku Inc. Add +37.5% 7.29% +1.43 SAM Boston Beer Company Inc. Class A Add +34.1% 5.37% +1.12 HIFS Hingham Institution for SVGS Add +92.2% 1.60% +0.72 XPEL Xpel Inc. Add +37.6% 5.03% +0.66 LNG Cheniere Energy Inc. Add +2.1% 6.49% +0.63 WT Wisdomtree Inc. Add +12.0% 3.94% +0.26 ACAD Acadia Pharmaceuticals Inc. New 0.24% +0.24 RGLD Royal Gold Inc. Add +20.5% 5.04% +0.14 HBCP Home Bancorp Inc. Add +8.8% 3.07% +0.07 BUR Burford Capital Ltd. Add +12.8% 2.77% −0.04 NATH Nathan's Famous Inc. Add +1.2% 5.20% −0.62 SA Seabridge Gold Inc. Add +32.0% 3.20% −0.73 UBER Uber Technologies Inc. Add +22.8% 6.39% −0.75 CROX Crocs Inc. Add +14.9% 2.94% −0.78
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ BA The Boeing Co. put Add +19.9% 237,100 $42.0M AFRM Affirm Holdings Inc. put Add +7.8% 331,900 $20.2M IONQ Ionq Inc. put Reduce -24.3% 420,000 $17.5M PFE Pfizer Inc. put Reduce -10.6% 473,900 $12.6M AI C3.AI Inc. Class A put Add +57.8% 325,000 $11.2M BE Bloom Energy Corp. Class A put Add +38.7% 495,800 $11.0M RIVN Rivian Automotive Inc. Class A put Add +39.0% 796,200 $10.6M PLTR Palantir Technologies Inc. Class A put Add +50.8% 111,600 $8.4M GM General Motors Co. put Reduce -7.8% 147,600 $7.9M SMCI Super Micro Computer Inc. put Sold out 18,800 $7.8Mbefore exit LMND Lemonade Inc. put Add +4.7% 201,600 $7.4M SOFI Sofi Technologies Inc. put Reduce -24.6% 411,500 $6.3M MRNA Moderna Inc. put Reduce -23.4% 150,600 $6.3M SG Sweetgreen Inc. Class A put Add +1.9% 184,500 $5.9M SMCI Super Micro Computer Inc. put New 192,500 $5.9M U Unity Software Inc. put Add +15.1% 243,500 $5.5M ALK Alaska Air Group Inc. put Reduce -33.4% 84,000 $5.4M NTNX Nutanix Inc. Class A put Add +7.6% 86,300 $5.3M WBA Walgreens Boots Alliance Inc. put Reduce -6.7% 544,300 $5.1M ASAN Asana Inc. Class A put New 244,000 $4.9M DOCN Digitalocean Holdings Inc. put Reduce -19.5% 141,000 $4.8M SMR Nuscale Power Corp. put Add +192.8% 265,000 $4.8M NN Nextnav Inc. put New 303,000 $4.7M HIMS Hims & Hers Health Inc. put Add +15.1% 191,700 $4.6M VNO Vornado Realty Trust put Reduce -4.5% 106,500 $4.5M TPC Tutor Perini Corp. put Add +13.8% 183,200 $4.4M WBD Warner Bros Discovery Inc. put Reduce -34.1% 418,000 $4.4M MOS The Mosaic Co. call Add +42.2% 160,000 $3.9M NCLH Norwegian Cruise Line Holdin put Add +0.7% 150,000 $3.9M HOG Harley-Davidson Inc. put Add +125.0% 121,500 $3.7M AAP Advance Auto Parts Inc. put Reduce -26.6% 74,500 $3.5M XIFR XPLR Infrastructure LP put Add +11.2% 197,900 $3.5M TDOC Teladoc Health Inc. put Add +3.4% 381,500 $3.5M TEVA Teva Pharmaceutical-SP ADR put Reduce -2.9% 152,000 $3.4M QS Quantumscape Corp. put Add +17.0% 625,000 $3.2M JWN Nordstrom Inc. put Reduce -20.1% 129,000 $3.1M SLG SL Green Realty Corp. put Reduce -1.7% 45,800 $3.1M F Ford Motor Co. put Add +47.4% 295,500 $2.9M FSLY Fastly Inc. Class A put Add +0.8% 309,500 $2.9M TSN Tyson Foods Inc. Class A call Reduce -11.5% 50,000 $2.9M COHR Coherent Corp. put Add +50.3% 30,200 $2.9M SOUN Soundhound AI Inc. Class A put Add +8.0% 141,500 $2.8M CALY Callaway Golf Company put Add +42.9% 354,500 $2.8M BHC Bausch Health Cos Inc. put Add +145.9% 345,500 $2.8M BUD Anheuser-Busch Inbev-SPN ADR put Add +22.2% 55,000 $2.8M RC Ready Capital Corp. put Add +212.9% 399,000 $2.7M ULCC Frontier Group Holdings Inc. put Add +106.6% 361,500 $2.6M FND Floor & Decor Holdings Inc. Class A put Reduce -14.6% 25,700 $2.6M HA Hawaiian Holdings Inc. put Sold out 141,500 $2.5Mbefore exit AMSC American Superconductor Corp. put Reduce -16.9% 103,000 $2.5M
Showing the first 50 of 187.
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