CRCM LP
CIK
1483234
Location
SAN FRANCISCO, CA
Portfolio Value
Small
$278,274,888
Diversification
Moderately concentrated
Filing Date
Global Rank
#3,416
/ 8,420
▼ 235
Top Industry
Diagnostics & Research
46.3%
3Y Alpha vs SPY
+42.9%
Period ended 6 months ago
Filed Feb 13, 2026 · 4mo
8 quarters · since Mar 2024
Clone Performance
May 2024–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+172.1%
SPY
+43.4%
Annualised alpha
+42.9%
Max drawdown
−39.7%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
9 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
33.0%
−9.3 pts
Top 5
91.4%
−6.6 pts
Top 10
100.0%
0.0 pts
HHI
2,120
Moderately concentrated−949
Portfolio Trend
8 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Healthcare | 36.5% | $101,686,723 |
| Unclassified | 21.0% | $58,419,834 |
| Real Estate | 17.6% | $48,886,166 |
| Communication Services | 15.5% | $43,230,000 |
| Technology | 4.9% | $13,655,332 |
| Consumer Cyclical | 2.5% | $6,936,169 |
| Financial Services | 2.0% | $5,460,664 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AIFC | AI Financial Corp | +8,629,103 | 10,941,280 | $12,035,407 | |
| PLBY | Playboy, Inc. | +2,238,296 | 3,689,452 | $6,936,169 | |
| USBC | USBC, Inc. | +598,841 | 2,571,312 | $1,619,925 | |
| IAU | Ishares Gold Trust | +327,042 | 719,722 | $58,419,834 | |
| BNR | Burning Rock Biotech Ltd | +269,851 | 491,426 | $9,902,233 | |
| HHH | Howard Hughes Holdings Inc. | +52,126 | 612,839 | $48,886,166 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| GRAL | GRAIL, Inc. | −770,277 | 1,072,374 | $91,784,490 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| IBIT | iShares Bitcoin Trust ETF | 2,214,074 | $143,914,810 | |
| No positions match the current search. | ||||
9 positions ·
$278,274,888 total
· as of Dec 31, 2025
All sectors
Communication Services
Consumer Cyclical
Financial Services
Healthcare
Real Estate
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| GRAL |
GRAIL, Inc.
Healthcare
|
Reduced | 1,072,374 | $91,784,490 | 32.98% | |
| IAU |
Ishares Gold Trust
|
Added | 719,722 | $58,419,834 | 20.99% | |
| HHH |
Howard Hughes Holdings Inc.
Real Estate
|
Added | 612,839 | $48,886,166 | 17.57% | |
| WBD |
Warner Bros. Discovery, Inc.
Communication Services
|
NEW | 1,500,000 | $43,230,000 | 15.53% | |
| AIFC |
AI Financial Corp
Technology
|
Added | 10,941,280 | $12,035,407 | 4.33% | |
| BNR |
Burning Rock Biotech Ltd
Healthcare
|
Added | 491,426 | $9,902,233 | 3.56% | |
| PLBY |
Playboy, Inc.
Consumer Cyclical
|
Added | 3,689,452 | $6,936,169 | 2.49% | |
| PCSC |
Perceptive Capital Solutions Corp
Financial Services
|
NEW | 419,084 | $5,460,664 | 1.96% | |
| USBC |
USBC, Inc.
Technology
|
Added | 2,571,312 | $1,619,925 | 0.58% |