CRCM LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), CRCM LP reported 5 stock positions worth $244.0 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 60.5% of the portfolio, followed by Grail (GRAL, 38.2%) and Playboy (PLBY, 0.7%). Compared with Q4 2024, it sold out of 1, added to 1 and reduced 3. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +5%) and the biggest sale an exit from iShares Ethereum Trust ETF (ETHA).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001483234
Portfolio Value
$244.0M (Q1 2025)
SEC Filing
0000898432-25-000338 ↗ filed May 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $131.5M Q1 2024 Q2 2024: $136.8M Q2 2024 Q3 2024: $154.5M Q3 2024 Q4 2024: $245.9M Q4 2024 Q1 2025: $244.0M $244.0M Q1 2025 Q2 2025: $333.9M Q2 2025 Q3 2025: $343.6M Q3 2025 Q4 2025: $296.0M Q4 2025 Q1 2026: $141.2M Q1 2026 Q2 2026: $152.1M Q2 2026

Holdings 5 stocks · $244.0M
IBIT iShares Bitcoin Trust ETF 60.53% 3,154,810 $147.7M Add +4.7%
GRAL Grail Inc. 38.16% 3,644,855 $93.1M No change
PLBY Playboy Inc. filed as PLBY GROUP INC 0.75% 1,662,752 $1.8M Reduce -45.9%
BNR Burning Rock Biotech Ltd.-ADR 0.42% 226,290 $1.0M Reduce -30.6%
IAU iShares Gold Trust 0.14% 5,965 $352K Reduce -29.8%
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
SecurityClassShares / PrincipalValueChange
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 15,748$1.3MNew

Total filed on the 13F, all lines: $245.3M.

Portfolio Sells Q4 2024 → Q1 2025
ETHA iShares Ethereum Trust ETF Sold out 0.00% −5.68
PLBY Playboy Inc. Reduce -45.9% 0.75% −1.08
BNR Burning Rock Biotech Ltd.-ADR Reduce -30.6% 0.42% −0.48
IAU iShares Gold Trust Reduce -29.8% 0.14% −0.03

Portfolio Buys Q4 2024 → Q1 2025
IBIT iShares Bitcoin Trust ETF Add +4.7% 60.53% −4.44

Notes & Other Activity Q4 2024 → Q1 2025
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF New 15,748 $1.3M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 13$152.1MIAU, IBIT, RNA, AIFC, PLBY
Q1 2026 8$141.2MIAU, AIFC, PLBY, BNR, STAA
Q4 2025 11$296.0MGRAL, IAU, HHH, WBD, RNAM
Q3 2025Amended 9$343.6MIBIT, GRAL, HHH, IAU, AIFC
Q2 2025 8$333.9MGRAL, IBIT, HHH, IAU, CRML
Q1 2025 5$244.0MIBIT, GRAL, PLBY, BNR, IAU
Q4 2024 6$245.9MIBIT, GRAL, ETHA, PLBY, BNR
Q3 2024 4$154.5MIBIT, GRAL, OMIC, IAU
Q2 2024 4$136.8MIBIT, IAU, GRAL, NXE
Q1 2024 4$131.5MIBIT, IAU, NXE, OXY