Crawford Fund Management, LLC

Reported holdings as of Q2 2026, from 11 quarterly filings.

This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.

CIK

1816427

Reported value

$652.9M

Positions

199

Top 10 weight

27.2%

Filed

2026-08-14

Days after quarter end

Holdings

Download these holdings as CSV

Security	Ticker	Value	Shares	Weight	Weight change	Held	Change
TOAST INC	TOST	$21.6M	775,836	3.31%	+0.63pp	7q	+48.1%+$7.0M
UBER TECHNOLOGIES INC	UBER	$21.4M	296,264	3.27%	-0.78pp	11q	+1.0%+$216.5K
TEXAS PACIFIC LAND CORPORATI	TPL	$21.3M	48,771	3.27%	-	new	NEW
CROCS INC	CROX	$19.3M	160,014	2.96%	+0.14pp	11q	-9.3%-$2.0M
CHENIERE ENERGY INC	LNG	$18.8M	78,695	2.88%	+0.37pp	9q	+70.9%+$7.8M
MORNINGSTAR INC	MORN	$17.1M	109,500	2.62%	-0.28pp	3q	+22.8%+$3.2M
CUSTOMERS BANCORP INC	CUBI	$16.1M	203,750	2.47%	-0.25pp	3q	HELD
BANK OF N T BUTTERFIELD & SO	NTB	$14.1M	237,604	2.17%	+0.07pp	3q	+14.6%+$1.8M
BLOOM ENERGY CORP PUT	BE	$14.0M	options only	2.15%	+0.56pp	11q	OPTIONS
KINSALE CAP GROUP INC	KNSL	$13.9M	42,090	2.13%	+0.75pp	3q	+100.7%+$7.0M
SPROUTS FMRS MKT INC CALL	SFM	$13.9M	122,800	2.12%	+2.05pp	3q	HELD
XPEL INC	XPEL	$13.4M	270,751	2.06%	-0.77pp	11q	-18.5%-$3.0M
SEABRIDGE GOLD INC		$13.3M	515,243	2.03%	-	new	NEW
SNOWFLAKE INC PUT	SNOW	$13.2M	options only	2.02%	+0.65pp	8q	OPTIONS
KASPI KZ JSC	KSPI	$12.0M	138,429	1.84%	-0.09pp	7q	+2.2%+$259.9K
IONQ INC PUT	IONQ	$11.8M	options only	1.81%	+0.67pp	11q	OPTIONS
CHEMED CORP NEW	CHE	$10.2M	21,975	1.57%	+0.02pp	3q	+3.0%+$302.7K
COPART INC	CPRT	$10.1M	360,000	1.55%	-	new	NEW
BOOZ ALLEN HAMILTON HLDG COR	BAH	$10.0M	165,591	1.54%	-1.31pp	6q	-12.8%-$1.5M
WISDOMTREE INC	WT	$9.8M	575,654	1.49%	-1.38pp	10q	-43.9%-$7.6M
NEXSTAR MEDIA GROUP INC	NXST	$9.7M	54,543	1.49%	-0.66pp	11q	-11.9%-$1.3M
HOULIHAN LOKEY INC	HLI	$9.2M	68,431	1.41%	+0.01pp	2q	+35.4%+$2.4M
AST SPACEMOBILE INC PUT	ASTS	$7.8M	options only	1.20%	+0.34pp	6q	OPTIONS
TEMPUS AI INC PUT	TEM	$7.6M	options only	1.16%	+0.41pp	5q	OPTIONS
INTERCONTINENTAL EXCHANGE IN	ICE	$7.5M	61,200	1.15%	-	new	NEW
UNITED THERAPEUTICS CORP DEL	UTHR	$7.2M	13,368	1.11%	-0.59pp	11q	-10.1%-$812.7K
FUELCELL ENERGY INC PUT	FCEL	$6.9M	options only	1.06%	+0.66pp	5q	OPTIONS
RH PUT	RH	$6.9M	options only	1.05%	+0.47pp	2q	OPTIONS
MODERNA INC PUT	MRNA	$6.8M	options only	1.04%	-0.51pp	11q	OPTIONS
COREWEAVE INC PUT	CRWV	$6.7M	options only	1.03%	+0.25pp	5q	OPTIONS
RIVIAN AUTOMOTIVE INC PUT	RIVN	$6.6M	options only	1.01%	+0.11pp	11q	OPTIONS
ORACLE CORP PUT	ORCL	$6.5M	options only	1.00%	-	new	OPTIONS
HARROW INC	HROW	$6.0M	142,120	0.92%	-0.42pp	3q	-26.5%-$2.2M
NELNET INC	NNI	$5.9M	44,455	0.91%	-0.26pp	11q	-5.3%-$333.3K
AIRBNB INC	ABNB	$5.8M	40,432	0.89%	-0.75pp	8q	-39.8%-$3.8M
HINGHAM INSTN SVGS MASS	HIFS	$5.7M	18,662	0.88%	+0.07pp	11q	+27.3%+$1.2M
GREEN BRICK PARTNERS INC	GRBK	$5.3M	66,200	0.81%	-1.13pp	3q	-57.8%-$7.2M
ALASKA AIR GROUP INC PUT	ALK	$5.2M	options only	0.79%	-0.21pp	11q	OPTIONS
ALEXANDRIA REAL ESTATE EQ IN PUT	ARE	$4.7M	options only	0.71%	-	new	OPTIONS
ROYAL GOLD INC	RGLD	$4.6M	23,140	0.71%	+0.32pp	2q	+189.2%+$3.0M
ARQIT QUANTUM INC PUT	ARQQ	$4.4M	options only	0.67%	+0.52pp	4q	OPTIONS
APPLIED DIGITAL CORP PUT	APLD	$4.3M	options only	0.66%	+0.34pp	7q	OPTIONS
KOHLS CORP PUT	KSS	$4.2M	options only	0.64%	+0.19pp	5q	OPTIONS
RIGETTI COMPUTING INC PUT	RGTI	$4.1M	options only	0.63%	+0.14pp	7q	OPTIONS
CRACKER BARREL OLD CTRY STOR PUT	CBRL	$4.1M	options only	0.63%	+0.37pp	4q	OPTIONS
UNITY SOFTWARE INC PUT	U	$4.0M	options only	0.62%	+0.09pp	9q	OPTIONS
STELLANTIS N.V PUT	STLA	$4.0M	options only	0.61%	-0.25pp	8q	OPTIONS
C3 AI INC PUT	AI	$3.7M	options only	0.57%	+0.15pp	11q	OPTIONS
COURSERA INC CALL	COUR	$3.5M	470,000	0.53%	+0.03pp	10q	+123.8%+$1.9M
VIASAT INC PUT	VSAT	$3.3M	options only	0.51%	+0.19pp	8q	OPTIONS
BLUE OWL CAPITAL INC PUT	OWL	$3.3M	options only	0.51%	-0.32pp	5q	OPTIONS
AMERICAN AIRLINES GROUP INC PUT	AAL	$3.1M	options only	0.48%	+0.12pp	11q	OPTIONS
CIPHER DIGITAL INC PUT	CIFR	$3.1M	options only	0.48%	+0.30pp	2q	OPTIONS
CLEANSPARK INC PUT	CLSK	$3.0M	options only	0.46%	+0.25pp	2q	OPTIONS
NUSCALE PWR CORP PUT	SMR	$3.0M	options only	0.46%	+0.02pp	8q	OPTIONS
BLACKSKY TECHNOLOGY INC PUT	BKSY	$3.0M	options only	0.45%	-0.10pp	5q	OPTIONS
PALANTIR TECHNOLOGIES INC PUT	PLTR	$3.0M	options only	0.45%	+0.33pp	11q	OPTIONS
MARKETAXESS HLDGS INC CALL	MKTX	$2.9M	options only	0.44%	+0.31pp	6q	OPTIONS
ADOBE INC CALL	ADBE	$2.9M	options only	0.44%	+0.09pp	2q	OPTIONS
FIRST WATCH RESTAURANT GROUP PUT	FWRG	$2.8M	options only	0.43%	+0.13pp	2q	OPTIONS
CARNIVAL CORP LTD PUT	CCL	$2.8M	options only	0.43%	-	new	OPTIONS
ARCHER AVIATION INC PUT	ACHR	$2.8M	options only	0.42%	-0.13pp	3q	OPTIONS
TELADOC HEALTH INC PUT	TDOC	$2.7M	options only	0.41%	+0.07pp	11q	OPTIONS
D-WAVE QUANTUM INC PUT	QBTS	$2.6M	options only	0.40%	+0.35pp	2q	OPTIONS
DEFINIUM THERAPEUTICS INC PUT	DFTX	$2.6M	options only	0.40%	+0.32pp	2q	OPTIONS
CINEMARK HLDGS INC PUT	CNK	$2.6M	options only	0.40%	-0.10pp	11q	OPTIONS
NANO NUCLEAR ENERGY INC PUT	NNE	$2.5M	options only	0.39%	+0.14pp	4q	OPTIONS
UNITEDHEALTH GROUP INC PUT	UNH	$2.5M	options only	0.38%	-1.02pp	7q	OPTIONS
QUANTUM COMPUTING INC PUT	QUBT	$2.5M	options only	0.38%	+0.17pp	7q	OPTIONS
TEVA PHARMACEUTICAL INDS LTD PUT	TEVA	$2.5M	options only	0.38%	-0.04pp	11q	OPTIONS
NORWEGIAN CRUISE LINE HLDGS PUT	NCLH	$2.5M	options only	0.38%	flat	11q	OPTIONS
DIGITALOCEAN HLDGS INC PUT	DOCN	$2.4M	options only	0.38%	+0.18pp	11q	OPTIONS
POLARIS INC PUT	PII	$2.4M	options only	0.36%	-0.14pp	5q	OPTIONS
BOEING CO PUT	BA	$2.3M	options only	0.35%	-0.18pp	9q	OPTIONS
CAESARS ENTERTAINMENT INC NE PUT	CZR	$2.3M	options only	0.35%	-0.04pp	3q	OPTIONS
FRONTIER GROUP HLDGS INC PUT	ULCC	$2.1M	options only	0.33%	+0.16pp	8q	OPTIONS
DOMINOS PIZZA INC CALL	DPZ	$2.1M	options only	0.33%	-	new	OPTIONS
ARM HOLDINGS PLC PUT	ARM	$2.1M	options only	0.32%	+0.23pp	5q	OPTIONS
OPTION CARE HEALTH INC CALL	OPCH	$2.1M	options only	0.32%	+0.11pp	4q	OPTIONS
JETBLUE AIRWAYS CORP PUT	JBLU	$2.1M	options only	0.32%	-0.21pp	6q	OPTIONS
JEFFERIES FINANCIAL GROUP IN PUT	JEF	$2.0M	options only	0.31%	-0.02pp	3q	OPTIONS
MCCORMICK & CO INC CALL	MKC	$2.0M	options only	0.31%	-	new	OPTIONS
FERRARI N V PUT	RACE	$2.0M	options only	0.30%	+0.04pp	11q	OPTIONS
AMRIZE LTD CALL	AMRZ	$1.9M	options only	0.30%	-0.12pp	3q	OPTIONS
ASP ISOTOPES INC PUT	ASPI	$1.9M	options only	0.30%	+0.08pp	4q	OPTIONS
REDWIRE CORPORATION PUT	RDW	$1.9M	options only	0.29%	+0.18pp	2q	OPTIONS
MARA HOLDINGS INC PUT	MARA	$1.8M	options only	0.28%	+0.10pp	11q	OPTIONS
FS KKR CAP CORP PUT	FSK	$1.8M	options only	0.28%	-	new	OPTIONS
JACK IN THE BOX INC PUT	JACK	$1.8M	options only	0.28%	-0.03pp	6q	OPTIONS
XPLR INFRASTRUCTURE LP PUT	XIFR	$1.8M	options only	0.27%	-0.13pp	11q	OPTIONS
CAL MAINE FOODS INC CALL	CALM	$1.7M	options only	0.26%	-	new	OPTIONS
WENDYS CO PUT	WEN	$1.7M	options only	0.26%	+0.06pp	4q	OPTIONS
MERCADOLIBRE INC CALL	MELI	$1.7M	options only	0.26%	-	new	OPTIONS
BOSTON BEER INC CALL	SAM	$1.6M	options only	0.25%	-1.50pp	11q	OPTIONS
BXP INC PUT	BXP	$1.6M	options only	0.25%	+0.15pp	11q	OPTIONS
SOFI TECHNOLOGIES INC PUT	SOFI	$1.6M	options only	0.24%	+0.05pp	11q	OPTIONS
SIX FLAGS ENTERTAINMENT CORP PUT	FUN	$1.5M	options only	0.23%	-0.01pp	3q	OPTIONS
ALLY FINL INC PUT	ALLY	$1.5M	options only	0.23%	-0.08pp	11q	OPTIONS
PELOTON INTERACTIVE INC PUT	PTON	$1.5M	options only	0.23%	+0.03pp	4q	OPTIONS
VNET GROUP INC PUT	VNET	$1.5M	options only	0.22%	-0.16pp	7q	OPTIONS
NEXTNAV INC PUT	NN	$1.4M	options only	0.22%	-0.03pp	7q	OPTIONS
PARK HOTELS & RESORTS INC PUT	PK	$1.4M	options only	0.22%	-0.09pp	7q	OPTIONS
CALLAWAY GOLF CO PUT	CALY	$1.4M	options only	0.22%	-0.06pp	8q	OPTIONS
MAUI LD & PINEAPPLE INC	MLP	$1.4M	77,633	0.21%	-0.02pp	4q	-0.8%-$10.7K
COGENT COMM HOLDINGS INC PUT	CCOI	$1.4M	options only	0.21%	-0.19pp	5q	OPTIONS
COUPANG INC CALL	CPNG	$1.4M	options only	0.21%	-0.05pp	2q	OPTIONS
MIDCAP FINANCIAL INVSTMNT CO PUT	MFIC	$1.4M	options only	0.21%	-0.19pp	8q	OPTIONS
IREN LIMITED PUT	IREN	$1.3M	options only	0.21%	-	new	OPTIONS
LEMONADE INC PUT	LMND	$1.3M	options only	0.20%	-	new	OPTIONS
FORD MTR CO PUT	F	$1.3M	options only	0.20%	-	new	OPTIONS
SENTINELONE INC PUT	S	$1.3M	options only	0.20%	-	new	OPTIONS
SNAP INC CALL+PUT	SNAP	$1.3M	options only	0.19%	+0.08pp	11q	OPTIONS
ATKORE INC CALL	ATKR	$1.3M	options only	0.19%	-0.18pp	6q	OPTIONS
QUANTUMSCAPE CORP PUT	QS	$1.2M	options only	0.19%	+0.05pp	11q	OPTIONS
SWEETGREEN INC PUT	SG	$1.2M	options only	0.19%	-0.06pp	11q	OPTIONS
CERENCE INC PUT	CRNC	$1.2M	options only	0.19%	-0.04pp	7q	OPTIONS
LULULEMON ATHLETICA INC CALL	LULU	$1.2M	options only	0.18%	-	new	OPTIONS
RED ROBIN GOURMET BURGERS IN PUT	RRGB	$1.2M	options only	0.18%	+0.15pp	3q	OPTIONS
PAR TECHNOLOGY CORP PUT	PAR	$1.2M	options only	0.18%	+0.10pp	2q	OPTIONS
CHARGEPOINT HOLDINGS INC PUT	CHPT	$1.2M	options only	0.18%	+0.02pp	4q	OPTIONS
AFFIRM HLDGS INC PUT	AFRM	$1.1M	options only	0.17%	-0.02pp	11q	OPTIONS
ADVANCE AUTO PARTS INC PUT	AAP	$1.1M	options only	0.17%	-0.01pp	8q	OPTIONS
LUMEN TECHNOLOGIES INC PUT	LUMN	$1.1M	options only	0.17%	-	new	OPTIONS
BROOKDALE SR LIVING INC PUT	BKD	$1.1M	options only	0.17%	-0.25pp	11q	OPTIONS
ARES MANAGEMENT CORPORATION PUT	ARES	$1.1M	options only	0.17%	-0.15pp	2q	OPTIONS
SL GREEN RLTY CORP PUT	SLG	$1.1M	options only	0.16%	-0.13pp	11q	OPTIONS
SERVE ROBOTICS INC PUT	SERV	$1.1M	options only	0.16%	-0.02pp	2q	OPTIONS
MEDICAL PROPERTIES TRUST INC PUT	MPT	$1.0M	options only	0.16%	-0.09pp	11q	OPTIONS
EVOLV TECHNOLOGIES HLDNGS IN PUT	EVLV	$1.0M	options only	0.16%	-0.02pp	7q	OPTIONS
ONDAS INC PUT	ONDS	$997.0K	options only	0.15%	+0.02pp	3q	OPTIONS
FASTLY INC PUT	FSLY	$991.4K	options only	0.15%	-0.18pp	11q	OPTIONS
SHAKE SHACK INC PUT	SHAK	$980.4K	options only	0.15%	+0.01pp	8q	OPTIONS
ROCKET LAB CORP PUT	RKLB	$965.7K	options only	0.15%	-	new	OPTIONS
BROWN FORMAN CORP CALL	BFB	$932.8K	options only	0.14%	+0.06pp	2q	OPTIONS
THE REALREAL INC PUT	REAL	$924.3K	options only	0.14%	-0.02pp	8q	OPTIONS
CORE SCIENTIFIC INC NEW PUT	CORZ	$921.2K	options only	0.14%	-	new	OPTIONS
ASANA INC PUT	ASAN	$917.0K	options only	0.14%	+0.04pp	7q	OPTIONS
FERMI INC PUT	FRMI	$916.0K	options only	0.14%	+0.12pp	2q	OPTIONS
LYFT INC CALL+PUT	LYFT	$891.2K	options only	0.14%	flat	2q	OPTIONS
HOME BANCORP INC	HBCP	$887.1K	12,947	0.14%	-1.75pp	11q	-92.0%-$10.2M
THREDUP INC PUT	TDUP	$856.9K	options only	0.13%	+0.09pp	3q	OPTIONS
JOBY AVIATION INC PUT	JOBY	$834.0K	options only	0.13%	-0.06pp	9q	OPTIONS
JUMIA TECHNOLOGIES AG PUT	JMIA	$824.9K	options only	0.13%	-0.03pp	11q	OPTIONS
XANADU QUANTUM TECHNOLO LTD PUT	XNDU	$817.4K	options only	0.13%	-	new	OPTIONS
SOUNDHOUND AI INC PUT	SOUN	$808.8K	options only	0.12%	-0.02pp	11q	OPTIONS
MOSAIC CO CALL	MOS	$784.0K	options only	0.12%	flat	11q	OPTIONS
HURON CONSULTING GROUP INC CALL	HURN	$766.4K	options only	0.12%	-	new	OPTIONS
SURGERY PARTNERS INC PUT	SGRY	$722.4K	options only	0.11%	-0.03pp	3q	OPTIONS
NEWELL BRANDS INC PUT	NWL	$675.4K	options only	0.10%	+0.03pp	11q	OPTIONS
CEREBRAS SYSTEMS INC PUT	CBRS	$663.0K	options only	0.10%	-	new	OPTIONS
AMERESCO INC PUT	AMRC	$662.4K	options only	0.10%	-	new	OPTIONS
VERICEL CORP	VCEL	$657.9K	14,788	0.10%	-0.70pp	4q	-88.6%-$5.1M
HUDSON PACIFIC PROPERTIES IN PUT	HPP	$653.2K	options only	0.10%	+0.04pp	3q	OPTIONS
OATLY GROUP AB PUT	OTLY	$646.1K	options only	0.10%	+0.03pp	2q	OPTIONS
CARVANA CO PUT	CVNA	$625.3K	options only	0.10%	-0.12pp	6q	OPTIONS
MAIN STR CAP CORP PUT	MAIN	$622.6K	options only	0.10%	-0.16pp	2q	OPTIONS
GENERAL MTRS CO PUT	GM	$616.6K	options only	0.09%	-0.11pp	11q	OPTIONS
NVIDIA CORPORATION PUT	NVDA	$600.3K	options only	0.09%	-0.11pp	11q	OPTIONS
PACS GROUP INC PUT	PACS	$597.0K	options only	0.09%	flat	4q	OPTIONS
SITIME CORP PUT	SITM	$596.4K	options only	0.09%	-	new	OPTIONS
REDDIT INC CALL	RDDT	$572.8K	options only	0.09%	+0.04pp	2q	OPTIONS
RED CAT HLDGS INC PUT	RCAT	$543.1K	options only	0.08%	-0.10pp	3q	OPTIONS
PENN ENTERTAINMENT INC PUT	PENN	$534.0K	options only	0.08%	-0.03pp	9q	OPTIONS
TUCOWS INC PUT	TCX	$525.3K	options only	0.08%	-0.01pp	11q	OPTIONS
BIGBEAR AI HLDGS INC PUT	BBAI	$513.8K	options only	0.08%	+0.02pp	5q	OPTIONS
DAVE & BUSTERS ENTMT INC PUT	PLAY	$513.0K	options only	0.08%	+0.05pp	9q	OPTIONS
IMMUNITYBIO INC PUT	IBRX	$481.5K	options only	0.07%	-	new	OPTIONS
COHERENT CORP PUT	COHR	$473.4K	options only	0.07%	-	new	OPTIONS
NUTANIX INC PUT	NTNX	$458.6K	options only	0.07%	-0.05pp	11q	OPTIONS
CORECIVIC INC CALL	CXW	$455.7K	options only	0.07%	+0.02pp	3q	OPTIONS
HARLEY DAVIDSON INC PUT	HOG	$428.1K	options only	0.07%	-0.13pp	8q	OPTIONS
ROKU INC	ROKU	$414.4K	3,000	0.06%	-3.63pp	11q	-98.5%-$27.6M
BAUSCH HEALTH COS INC PUT	BHC	$394.4K	options only	0.06%	-0.03pp	8q	OPTIONS
IVANHOE ELECTRIC INC PUT	IE	$365.2K	options only	0.06%	-0.05pp	7q	OPTIONS
FACTSET RESH SYS INC CALL	FDS	$345.1K	options only	0.05%	-0.01pp	2q	OPTIONS
GEMINI SPACE STA INC PUT	GEMI	$323.8K	options only	0.05%	+0.01pp	2q	OPTIONS
BUNGE GLOBAL SA PUT	BG	$320.2K	options only	0.05%	-0.06pp	2q	OPTIONS
ROUNDHILL ETF TRUST PUT	MEME	$317.8K	options only	0.05%	-	new	OPTIONS
GARTNER INC CALL	IT	$298.1K	options only	0.05%	-	new	OPTIONS
SINCLAIR INC CALL	SBGI	$285.0K	options only	0.04%	-0.01pp	4q	OPTIONS
NATERA INC PUT	NTRA	$271.4K	options only	0.04%	-0.17pp	5q	OPTIONS
STARFIGHTERS SPACE INC PUT	FJET	$266.0K	options only	0.04%	-	new	OPTIONS
VANECK ETF TRUST PUT	BIZD	$253.2K	options only	0.04%	-0.08pp	3q	OPTIONS
AIRJOULE TECHNOLOGIES CORP CALL	AIRJ	$238.2K	options only	0.04%	+0.01pp	3q	OPTIONS
VORNADO RLTY TR PUT	VNO	$235.8K	options only	0.04%	-0.02pp	11q	OPTIONS
PROCURE ETF TRUST II PUT	UFO	$202.7K	options only	0.03%	-0.01pp	2q	OPTIONS
LIGHTWAVE LOGIC INC PUT	LWLG	$198.7K	options only	0.03%	-	new	OPTIONS
CAPRI HOLDINGS LIMITED PUT	CPRI	$185.7K	options only	0.03%	-0.05pp	5q	OPTIONS
VIRGIN GALACTIC HOLDINGS INC PUT	SPCE	$158.9K	options only	0.02%	-0.01pp	9q	OPTIONS
DEFI DEVELOPMENT CORP CALL	DFDV	$155.8K	options only	0.02%	-0.04pp	3q	OPTIONS
COMMERCE.COM INC PUT	CMRC	$148.0K	options only	0.02%	-0.04pp	11q	OPTIONS
FTAI INFRASTRUCTURE INC PUT	FIP	$139.2K	options only	0.02%	-0.09pp	7q	OPTIONS
HERTZ GLOBAL HLDGS INC PUT	HTZ	$113.2K	options only	0.02%	-0.02pp	9q	OPTIONS
VERTICAL AEROSPACE LTD PUT	EVTL	$93.1K	options only	0.01%	-0.01pp	2q	OPTIONS
EVGO INC PUT	EVGO	$86.0K	options only	0.01%	-0.04pp	8q	OPTIONS
STITCH FIX INC PUT	SFIX	$61.6K	options only	0.01%	-0.02pp	7q	OPTIONS
SABLE OFFSHORE CORP PUT	SOC	$46.2K	options only	0.01%	-	new	OPTIONS
INDIE SEMICONDUCTOR INC PUT	INDI	$44.9K	options only	0.01%	-0.01pp	2q	OPTIONS
AMC ENTMT HLDGS INC PUT	AMC	$28.5K	options only	0.00%	flat	11q	OPTIONS

By sector

Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.

Sector	Value	Share
Software & IT Services	$115.9M	17.8%
Business Services	$57.3M	8.8%
Retail & Consumer	$56.6M	8.7%
Capital Markets	$52.9M	8.1%
Banks & Lending	$52.0M	8.0%
Semiconductors & Electronics	$31.9M	4.9%
Telecom & Media	$28.3M	4.3%
Autos & Aerospace	$27.6M	4.2%
Biotech & Pharma	$26.7M	4.1%
Holding & Investment	$26.0M	4.0%
Chemicals	$22.9M	3.5%
Industrials	$20.6M	3.2%
Other sectors	$113.8M	17.4%
Not classified	$20.4M	3.1%

What the disclosed book did

This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.

Quarter	Book	Market	Difference	Priced
Q2 2026	+8.5%	+14.8%	-6.4%	99%
Q1 2026	+1.2%	-4.6%	+5.8%	99%
Q4 2025	+1.3%	+2.4%	-1.1%	100%
Q3 2025	+6.5%	+7.8%	-1.4%	99%
Q2 2025	+8.0%	+10.5%	-2.5%	98%
Q1 2025	-0.7%	-4.6%	+3.8%	97%
Q4 2024	-2.0%	+2.1%	-4.1%	104%
Q3 2024	+8.1%	+5.4%	+2.7%	100%

Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.

Quarter by quarter

Quarter	Value	Positions	New	Added	Trimmed	Exited	Top 10	Days to file
Q2 2026	$652.9M	199	32	12	15	14	27.2%	45
Q1 2026	$519.7M	181	28	19	11	38	29.9%	45
Q4 2025	$759.0M	191	28	20	4	29	26.0%	48
Q3 2025	$624.7M	192	24	7	12	22	24.3%	45
Q2 2025	$536.4M	190	29	14	6	20	25.6%	45
Q1 2025	$419.0M	181	16	14	8	45	25.6%	45
Q4 2024	$577.0M	210	39	14	10	22	26.9%	45
Q3 2024	$466.3M	193	34	12	12	23	26.0%	45
Q2 2024	$396.2M	182	23	10	11	30	24.9%	45
Q1 2024	$417.4M	189	24	16	8	71	22.8%	45
Q4 2023	$503.0M	236	0	0	0	0	20.8%	45

Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.

Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.

Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.