Crawford Fund Management, LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Crawford Fund Management, LLC reported 25 stock positions worth $169.8 million . Its top holding was Uber Technologies (UBER) at 7.9% of the portfolio, followed by Roku (ROKU, 7.5% ) and Cheniere Energy (LNG, 6.6% ). Compared with Q1 2025, it opened 2 new positions, sold out of 3, added to 14 and reduced 6. The biggest buy was Roku (ROKU, shares +18% ) and the biggest sale ASML Holding NV-NY Reg SHS (ASML, shares −94% ).
Location BOSTON, MA
CIK 0001816427
Portfolio Value $169.8M (Q2 2025) Holdings 25 stocks · $169.8M 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 2025 UBER Uber Technologies Inc. 144,300 $13.5M Reduce -9.5% ROKU Roku Inc. 145,804 $12.8M Add +18.2% LNG Cheniere Energy Inc. 45,876 $11.2M No change UTHR United Therapeutics Corp. 37,015 $10.6M Add +30.7% SAM Boston Beer Company Inc. Class A 50,486 $9.6M Add +25.0% BAH Booz Allen Hamilton Holdings 84,090 $8.8M Add +9.8% CROX Crocs Inc. 85,711 $8.7M Add +8.3% ABNB Airbnb Inc. Class A 59,500 $7.9M Add +15.5% TOST Toast Inc. Class A 173,300 $7.7M No change XPEL Xpel Inc. 202,203 $7.3M Reduce -12.8% NXST Nexstar Media Group Inc. 40,843 $7.1M Add +33.3% SA Seabridge Gold Inc. 476,418 $6.9M Reduce -2.7% HBCP Home Bancorp Inc. 127,508 $6.6M Add +22.9% WT Wisdomtree Inc. 573,174 $6.6M Add +28.8% NATH Nathan's Famous Inc. 55,374 $6.1M Reduce -29.1% RGLD Royal Gold Inc. 34,116 $6.1M Add +25.4% YELP Yelp Inc. 176,845 $6.1M Add +4.9% HIFS Hingham Institution for SVGS 24,027 $6.0M Add +80.9% KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 61,565 $5.2M Add +1.3% BUR Burford Capital Ltd. 361,346 $5.2M No change NNI Nelnet Inc. Class A 34,783 $4.2M Add +109.0% CHE Chemed Corp. 5,200 $2.5M New GRBK Green Brick Partners Inc. 36,700 $2.3M New ASML ASML Holding NV-NY Reg SHS 700 $561K Reduce -93.7% ARE Alexandria Real Estate Equit 6,658 $484K Reduce -85.9%
Options reported separately and not counted above: BA puts ($32.7M), IONQ puts ($14.1M), AFRM puts ($14.0M), BE puts ($9.3M), HIMS puts ($9.2M), RIVN puts ($8.8M), SMR puts ($7.9M), SOFI puts ($7.5M), LMND puts ($6.9M), AI puts ($6.6M), MRNA puts ($5.5M), HOG puts ($5.2M), and 155 more.
Portfolio Sells Q1 2025 → Q2 2025 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 2025 % Of Portfolio Change To Portfolio ▲ ASML ASML Holding NV-NY Reg SHS Reduce -93.7% 0.33% −4.50 ARE Alexandria Real Estate Equit Reduce -85.9% 0.28% −2.59 NATH Nathan's Famous Inc. Reduce -29.1% 3.61% −1.36 OUNZ Vaneck Merk Gold ETF Sold out 0.00% −0.79 EXPD Expeditors Intl Wash Inc. Sold out 0.00% −0.41 XPEL Xpel Inc. Reduce -12.8% 4.27% −0.22 HLI Houlihan Lokey Inc. Sold out 0.00% −0.16 UBER Uber Technologies Inc. Reduce -9.5% 7.93% +0.27 SA Seabridge Gold Inc. Reduce -2.7% 4.07% +0.31
Portfolio Buys Q1 2025 → Q2 2025 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 2025 % Of Portfolio Change To Portfolio ▼ ROKU Roku Inc. Add +18.2% 7.55% +1.82 CHE Chemed Corp. New 1.49% +1.49 HIFS Hingham Institution for SVGS Add +80.9% 3.51% +1.43 GRBK Green Brick Partners Inc. New 1.36% +1.36 WT Wisdomtree Inc. Add +28.8% 3.88% +1.27 NNI Nelnet Inc. Class A Add +109.0% 2.48% +1.26 HBCP Home Bancorp Inc. Add +22.9% 3.89% +0.82 RGLD Royal Gold Inc. Add +25.4% 3.57% +0.64 ABNB Airbnb Inc. Class A Add +15.5% 4.64% +0.58 NXST Nexstar Media Group Inc. Add +33.3% 4.16% +0.54 UTHR United Therapeutics Corp. Add +30.7% 6.26% +0.51 BAH Booz Allen Hamilton Holdings Add +9.8% 5.16% −0.13 CROX Crocs Inc. Add +8.3% 5.11% −0.43 YELP Yelp Inc. Add +4.9% 3.57% −0.55 KSPI JSC Kaspi.kz ADR Add +1.3% 3.08% −0.64 SAM Boston Beer Company Inc. Class A Add +25.0% 5.67% −0.69
Options Activity Q1 2025 → Q2 2025 Security Type Change vs Q1 2025 Underlying Shares Value ▼ BA The Boeing Co. put Add +8.1% 156,000 $32.7M IONQ Ionq Inc. put Add +32.8% 328,000 $14.1M AFRM Affirm Holdings Inc. put Add +41.3% 202,600 $14.0M BE Bloom Energy Corp. Class A put Add +3.3% 390,000 $9.3M HIMS Hims & Hers Health Inc. put Add +133.1% 185,300 $9.2M RIVN Rivian Automotive Inc. Class A put Add +10.0% 641,000 $8.8M SMR Nuscale Power Corp. put Add +17.8% 198,500 $7.9M LMND Lemonade Inc. put Add +29.2% 158,000 $6.9M AI C3.AI Inc. Class A put Add +1.1% 270,000 $6.6M MRNA Moderna Inc. put Add +8.4% 200,100 $5.5M HOG Harley-Davidson Inc. put Add +12.7% 221,500 $5.2M ASTS Ast Spacemobile Inc. put Add +113.0% 109,700 $5.1M VSAT Viasat Inc. put Add +103.3% 335,500 $4.9M TPC Tutor Perini Corp. put Reduce -48.3% 96,000 $4.5M PLTR Palantir Technologies Inc. Class A put Add +78.3% 32,800 $4.5M TEVA Teva Pharmaceutical-SP ADR put Add +22.3% 266,000 $4.5M U Unity Software Inc. put Reduce -29.8% 175,500 $4.2M NN Nextnav Inc. put Add +28.8% 274,400 $4.2M SG Sweetgreen Inc. Class A put Add +118.6% 276,500 $4.1M WTRG Essential Utilities Inc. put Add +36.0% 105,500 $3.9M GM General Motors Co. put Reduce -15.1% 78,600 $3.9M MOS The Mosaic Co. call Reduce -16.1% 102,000 $3.7M UNH Unitedhealth Group Inc. put Reduce -36.1% 11,500 $3.6M APLD Applied Digital Corp. put Reduce -1.1% 354,000 $3.6M KSS Kohls Corp. put New 411,500 $3.5M WBD Warner Bros Discovery Inc. put Reduce -29.2% 303,500 $3.5M RC Ready Capital Corp. put Reduce -7.3% 790,000 $3.5M CCOI Cogent Communications Holdin put New 71,400 $3.4M TEM Tempus AI Inc. Class A put New 53,700 $3.4M ALLY Ally Financial Inc. put Add +39.8% 81,500 $3.2M ALK Alaska Air Group Inc. put Add +54.9% 63,500 $3.1M WBA Walgreens Boots Alliance Inc. put Reduce -56.2% 271,500 $3.1M BKSY Blacksky Technology Inc. put New 151,000 $3.1M PFE Pfizer Inc. put Reduce -35.9% 127,500 $3.1M EL Estee Lauder Companies Class A call Add +1.4% 37,000 $3.0M NCLH Norwegian Cruise Line Holdin put Add +45.8% 146,500 $3.0M DOCN Digitalocean Holdings Inc. put Add +44.1% 103,000 $2.9M XIFR XPLR Infrastructure LP put Add +10.0% 353,000 $2.9M SNOW Snowflake Inc. put Add +54.2% 12,800 $2.9M MAIN Main Street Capital Corp. put New 48,000 $2.8M JOBY Joby Aviation Inc. put Reduce -0.4% 259,500 $2.7M AAL American Airlines Group Inc. put Add +189.2% 241,500 $2.7M TDOC Teladoc Health Inc. put Reduce -25.9% 306,500 $2.7M QS Quantumscape Corp. put Reduce -11.4% 392,500 $2.6M CPRI Capri Holdings Ltd. put New 149,000 $2.6M FSLY Fastly Inc. Class A put Add +4.1% 371,000 $2.6M QUBT Quantum Computing Inc. put Add +387.3% 134,000 $2.6M JACK Jack in the Box Inc. put Add +269.9% 146,500 $2.6M F Ford Motor Co. put Add +0.2% 230,500 $2.5M CNK Cinemark Holdings Inc. put Add +81.1% 81,500 $2.5M
Showing the first 50 of 181.
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