Crawford Fund Management, LLC

BOSTON, MA · CIK 1816427 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2022 · limited liability company

Assets managed$356.1m
Staff4 · 4 in investment roles
Main clients (by assets)Private funds 64%, State and local governments 36%
Private funds1 (1 hedge) · $70.9m gross assets
Websitecrawfordfunds.com
Form ADV · 2026-03-26SEC adviser record

Legal entityCrawford Fund Management, LLC (US)

Kindhedge funds
Others nearbyBoston, MA

As an employer

Offices in1 country
Private fundshedge 1

$326.0m reported value +6.3% vs Q1 2026

32positions

54.3%in top 10

5 new 12 added 14 reduced 4 sold out vs Q1 2026

Options: 26 call positions ($33.0m notional), 145 put positions ($293.9m notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	TOAST INC CL A TOST	TOST	775,836	$21.6m6.62%	6.62%	Added +252.0k	+252,000 48.1%
2	UBER TECHNOLOGIES INC COM UBER	UBER	296,264	$21.4m6.56%	6.56%	Added +3.0k	+3,000 1.0%
3	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	48,771	$21.3m6.55%	6.55%	New
4	CROCS INC COM CROX	CROX	160,014	$19.3m5.92%	5.92%	Reduced -16.5k	-16,499 -9.3%
5	CHENIERE ENERGY INC COM NEW LNG	LNG	78,695	$18.8m5.77%	5.77%	Added +32.6k	+32,650 70.9%
6	MORNINGSTAR INC COM MORN	MORN	109,500	$17.1m5.24%	5.24%	Added +20.3k	+20,300 22.8%
7	CUSTOMERS BANCORP INC COM CUBI	CUBI	203,750	$16.1m4.94%	4.94%	Unchanged
8	BANK OF NT BUTTERFIELD&SON L SHS NEW NTB	NTB	237,604	$14.1m4.34%	4.34%	Added +30.2k	+30,200 14.6%
9	KINSALE CAP GROUP INC COM KNSL	KNSL	42,090	$13.9m4.26%	4.26%	Added +21.1k	+21,120 100.7%
10	XPEL INC COM XPEL	XPEL	270,751	$13.4m4.12%	4.12%	Reduced -61.3k	-61,300 -18.5%
11	SEABRIDGE GOLD INC COM SA	SA	515,243	$13.3m4.07%	4.07%	New
12	KASPI KZ JSC SPONSORED ADS KSPI	KSPI	138,429	$12.0m3.68%	3.68%	Added +3.0k	+3,000 2.2%
13	SPROUTS FMRS MKT INC COM SFM	SFM	122,800	$10.4m3.19%	3.19%	New
14	CHEMED CORP NEW COM CHE	CHE	21,975	$10.2m3.14%	3.14%	Added +650	+650 3.0%
15	COPART INC COM CPRT	CPRT	360,000	$10.1m3.11%	3.11%	New
16	BOOZ ALLEN HAMILTON HLDG COR CL A BAH	BAH	165,591	$10.0m3.08%	3.08%	Reduced -24.3k	-24,320 -12.8%
17	WISDOMTREE INC COM WT	WT	575,654	$9.8m2.99%	2.99%	Reduced -450.2k	-450,180 -43.9%
18	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	54,543	$9.7m2.99%	2.99%	Reduced -7.3k	-7,350 -11.9%
19	HOULIHAN LOKEY INC CL A HLI	HLI	68,431	$9.2m2.82%	2.82%	Added +17.9k	+17,900 35.4%
20	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	61,200	$7.5m2.31%	2.31%	New
21	UNITED THERAPEUTICS CORP DEL COM UTHR	UTHR	13,368	$7.2m2.22%	2.22%	Reduced -1.5k	-1,500 -10.1%
22	HARROW INC COM HROW	HROW	142,120	$6.0m1.85%	1.85%	Reduced -51.2k	-51,180 -26.5%
23	NELNET INC CL A NNI	NNI	44,455	$5.9m1.82%	1.82%	Reduced -2.5k	-2,500 -5.3%
24	AIRBNB INC COM CL A ABNB	ABNB	40,432	$5.8m1.77%	1.77%	Reduced -26.8k	-26,760 -39.8%
25	HINGHAM INSTN SVGS MASS COM HIFS	HIFS	18,662	$5.7m1.76%	1.76%	Added +4.0k	+4,003 27.3%
26	GREEN BRICK PARTNERS INC COM GRBK	GRBK	66,200	$5.3m1.63%	1.63%	Reduced -90.5k	-90,500 -57.8%
27	ROYAL GOLD INC COM RGLD	RGLD	23,140	$4.6m1.42%	1.42%	Added +15.1k	+15,140 189.2%
28	COURSERA INC COM COUR	COUR	470,000	$2.7m0.81%	0.81%	Added +260.0k	+260,000 123.8%
29	MAUI LD & PINEAPPLE INC COM MLP	MLP	77,633	$1.4m0.42%	0.42%	Reduced -600	-600 -0.8%
30	HOME BANCORP INC COM HBCP	HBCP	12,947	$887.1k0.27%	0.27%	Reduced -148.5k	-148,512 -92.0%
31	VERICEL CORP COM VCEL	VCEL	14,788	$657.9k0.20%	0.20%	Reduced -115.2k	-115,200 -88.6%
32	ROKU INC COM CL A ROKU	ROKU	3,000	$414.4k0.13%	0.13%	Reduced -199.8k	-199,800 -98.5%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SEABRIDGE GOLD INC		434,743	$12.3m434.7k shares
CDW CORP CDW	CDW	82,452	$10.0m82.5k shares
BOSTON BEER INC SAM	SAM	39,381	$9.1m39.4k shares
PHILIP MORRIS INTL INC PM	PM	13,300	$2.2m13.3k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
BLOOM ENERGY CORP BE · Put	BE	Put	46,400	$14.0m46.4k shares	Reduced
SNOWFLAKE INC SNOW · Put	SNOW	Put	51,800	$13.2m51.8k shares	Added
IONQ INC IONQ · Put	IONQ	Put	221,500	$11.8m221.5k shares	Added
AST SPACEMOBILE INC ASTS · Put	ASTS	Put	88,000	$7.8m88.0k shares	Added
TEMPUS AI INC TEM · Put	TEM	Put	130,500	$7.6m130.5k shares	Added
FUELCELL ENERGY INC FCEL · Put	FCEL	Put	191,800	$6.9m191.8k shares	Reduced
RH RH · Put	RH	Put	41,600	$6.9m41.6k shares	Added
MODERNA INC MRNA · Put	MRNA	Put	96,500	$6.8m96.5k shares	Reduced
COREWEAVE INC CRWV · Put	CRWV	Put	67,700	$6.7m67.7k shares	Added
RIVIAN AUTOMOTIVE INC RIVN · Put	RIVN	Put	379,500	$6.6m379.5k shares	Added
ORACLE CORP ORCL · Put	ORCL	Put	44,500	$6.5m44.5k shares	New
ALASKA AIR GROUP INC ALK · Put	ALK	Put	99,000	$5.2m99.0k shares	Reduced
ALEXANDRIA REAL ESTATE EQ IN ARE · Put	ARE	Put	88,000	$4.7m88.0k shares	New
ARQIT QUANTUM INC ARQQ · Put	ARQQ	Put	148,000	$4.4m148.0k shares	Added
APPLIED DIGITAL CORP APLD · Put	APLD	Put	115,000	$4.3m115.0k shares	Added
KOHLS CORP KSS · Put	KSS	Put	236,000	$4.2m236.0k shares	Added
RIGETTI COMPUTING INC RGTI · Put	RGTI	Put	214,000	$4.1m214.0k shares	Added
CRACKER BARREL OLD CTRY STOR CBRL · Put	CBRL	Put	77,000	$4.1m77.0k shares	Added
UNITY SOFTWARE INC U · Put	U	Put	141,300	$4.0m141.3k shares	Added
STELLANTIS N.V STLA · Put	STLA	Put	697,000	$4.0m697.0k shares	Added
C3 AI INC AI · Put	AI	Put	411,000	$3.7m411.0k shares	Added
SPROUTS FMRS MKT INC SFM · Call	SFM	Call	41,200	$3.5m41.2k shares	Added
VIASAT INC VSAT · Put	VSAT	Put	37,200	$3.3m37.2k shares	Added
BLUE OWL CAPITAL INC OWL · Put	OWL	Put	380,000	$3.3m380.0k shares	Reduced
AMERICAN AIRLS GROUP INC AAL · Put	AAL	Put	172,500	$3.1m172.5k shares	Reduced