Crawford Fund Management, LLC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$759.0M

Holdings

191

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (191 positions)

#	Stock	Shares	Value	% Portfolio	Type
101	SNAPSNAP INC	213,500	$1.7M	0.23%	Put
102	MPTMEDICAL PPTYS TRUST INC	341,500	$1.7M	0.22%	Put
103	SOUNSOUNDHOUND AI INC	167,500	$1.7M	0.22%	Put
104	ELLAUDER ESTEE COS INC	15,800	$1.7M	0.22%	Call
105	ARQQARQIT QUANTUM INC	75,000	$1.6M	0.22%	Put
106	AALAMERICAN AIRLS GROUP INC	104,500	$1.6M	0.21%	Put
107	MLPMAUI LD & PINEAPPLE INC	92,087	$1.6M	0.21%
108	AFWALIGN TECHNOLOGY INC	9,900	$1.5M	0.20%	Call
109	PKPARK HOTELS & RESORTS INC	144,000	$1.5M	0.20%	Put
110	TDOCTELADOC HEALTH INC	214,000	$1.5M	0.20%	Put
111	BXPBXP INC	21,800	$1.5M	0.19%	Put
112	QUBTQUANTUM COMPUTING INC	140,000	$1.4M	0.19%	Put
113	EVLVEVOLV TECHNOLOGIES HLDNGS IN	196,900	$1.4M	0.19%	Put
114	RUNSUNRUN INC	75,700	$1.4M	0.18%	Put
115	BHCBAUSCH HEALTH COS INC	198,500	$1.4M	0.18%	Put
116	MARAMARA HOLDINGS INC	147,000	$1.3M	0.17%	Put
117	JMIAJUMIA TECHNOLOGIES AG	105,500	$1.3M	0.17%	Put
118	PFEPFIZER INC	52,500	$1.3M	0.17%	Put
119	ASPIASP ISOTOPES INC	244,000	$1.3M	0.17%	Put
120	DOCNDIGITALOCEAN HLDGS INC	27,000	$1.3M	0.17%	Put
121	ONDSONDAS HLDGS INC	131,000	$1.3M	0.17%	Put
122	CHPTCHARGEPOINT HOLDINGS INC	184,000	$1.2M	0.16%	Put
123	EVGOEVGO INC	417,500	$1.2M	0.16%	Put
124	COURCOURSERA INC	161,000	$1.2M	0.16%	Put
125	FUNSIX FLAGS ENTERTAINMENT CORP	77,000	$1.2M	0.16%	Put
126	ULCCFRONTIER GROUP HLDGS INC	250,000	$1.2M	0.15%	Put
127	ASANASANA INC	82,500	$1.1M	0.15%	Put
128	TCXTUCOWS INC	50,300	$1.1M	0.15%	Put
129	AWNADVANCE AUTO PARTS INC	28,500	$1.1M	0.15%	Put
130	BBAIBIGBEAR AI HLDGS INC	205,000	$1.1M	0.15%	Put
131	AREALEXANDRIA REAL ESTATE EQ IN	21,900	$1.1M	0.14%	Call
132	NTNXNUTANIX INC	20,700	$1.1M	0.14%	Put
133	ETSYETSY INC	18,500	$1.0M	0.13%	Call
134	SHAKSHAKE SHACK INC	12,500	$1.0M	0.13%	Put
135	KNSLKINSALE CAP GROUP INC	2,500	$977K	0.13%
136	HPPHUDSON PAC PPTYS INC	88,000	$952K	0.13%	Put
137	MFICMIDCAP FINANCIAL INVSTMNT CO	80,000	$914K	0.12%	Put
138	CBRLCRACKER BARREL OLD CTRY STOR	36,000	$914K	0.12%	Put
139	BBIOBRIDGEBIO PHARMA INC	11,500	$879K	0.12%	Put
140	CXWCORECIVIC INC	46,000	$878K	0.12%	Call
141	IEIVANHOE ELECTRIC INC	55,000	$877K	0.12%	Put
142	PTONPELOTON INTERACTIVE INC	140,900	$867K	0.11%	Put
143	ARMARM HOLDINGS PLC	7,800	$851K	0.11%	Put
144	CMRCCOMMERCE.COM INC	205,000	$844K	0.11%	Put
145	IEPICAHN ENTERPRISES LP	110,000	$830K	0.11%	Put
146	TDUPTHREDUP INC	129,000	$823K	0.11%	Put
147	ALLYALLY FINL INC	16,000	$723K	0.10%	Put
148	HTZHERTZ GLOBAL HLDGS INC	136,000	$698K	0.09%	Put
149	RIOTRIOT PLATFORMS INC	54,500	$690K	0.09%	Put
150	VCELVERICEL CORP	18,800	$676K	0.09%
151	BOTZGLOBAL X FDS R	18,000	$652K	0.09%	Put
152	SITMSITIME CORP	1,800	$635K	0.08%	Put
153	RCREADY CAPITAL CORP	290,000	$631K	0.08%	Put
154	CAVACAVA GROUP INC	10,500	$615K	0.08%	Call
155	SGRYSURGERY PARTNERS INC	37,000	$571K	0.08%	Put
156	FIPFTAI INFRASTRUCTURE INC	124,000	$571K	0.08%	Put
157	CDZICADIZ INC	99,300	$556K	0.07%	Put
158	PENNPENN ENTERTAINMENT INC	37,000	$545K	0.07%	Put
159	VNOVORNADO RLTY TR	16,000	$531K	0.07%	Put
160	RCATRED CAT HLDGS INC	64,500	$511K	0.07%	Put
161	TPCTUTOR PERINI CORP	7,300	$489K	0.06%	Put
162	LCIDLUCID GROUP INC	457,500	$483K	0.06%	Call
163	LUMNLUMEN TECHNOLOGIES INC	60,500	$469K	0.06%	Put
164	AIRJAIRJOULE TECHNOLOGIES CORP	119,200	$469K	0.06%	Call
165	CCLCARNIVAL CORP	15,300	$466K	0.06%	Put
166	RRNRED ROBIN GOURMET BURGERS IN	105,000	$424K	0.06%	Put
167	SFIXSTITCH FIX INC	75,000	$393K	0.05%	Put
168	DFDVDEFI DEVELOPMENT CORP	78,000	$393K	0.05%	Call
169	PIIPOLARIS INC	6,200	$391K	0.05%	Put
170	GOOSCANADA GOOSE HLDGS INC	30,000	$388K	0.05%	Call
171	RACEFERRARI N V	1,000	$368K	0.05%	Put
172	HNSTHONEST CO INC	139,000	$358K	0.05%	Put
173	SPCEVIRGIN GALACTIC HOLDINGS INC	108,000	$346K	0.05%	Put
174	WTRGESSENTIAL UTILS INC	9,000	$344K	0.05%	Put
175	NWLNEWELL BRANDS INC	92,500	$342K	0.05%	Put
176	ALBALBEMARLE CORP	2,400	$339K	0.04%	Call
177	PLAYDAVE & BUSTERS ENTMT INC	21,000	$339K	0.04%	Put
178	HCATHEALTH CATALYST INC	135,000	$322K	0.04%	Put
179	CMCSACOMCAST CORP NEW	10,000	$298K	0.04%	Call
180	TXG10X GENOMICS INC	17,600	$286K	0.04%	Put
181	SIRISIRIUSXM HOLDINGS INC	14,000	$280K	0.04%	Call
182	MACMACERICH CO	15,000	$276K	0.04%	Put
183	ZETAZETA GLOBAL HOLDINGS CORP	12,000	$244K	0.03%	Put
184	NVV1NOVAVAX INC	25,000	$167K	0.02%	Put
185	BIZDVANECK ETF TRUST	11,000	$155K	0.02%	Put
186	AMCAMC ENTMT HLDGS INC	90,000	$140K	0.02%	Put
187	HLLYHOLLEY INC	30,000	$123K	0.02%	Put
188	AIRSAIRSCULPT TECHNOLOGIES INC	45,100	$89K	0.01%	Call
189	BLNDBLEND LABS INC	26,000	$78K	0.01%	Put
190	DDD3-D SYS CORP DEL	30,500	$53K	0.01%	Put
191	PLCECHILDRENS PL INC NEW	11,000	$42K	0.01%	Put

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