CRCM LP Quant / Systematic

CIK: 0001483234 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $295,989 (100.0% shares, 0.0% debt)

Holdings (11)

New Positions (3)

WBD WARNER BROS DISCOVERY INC 14.6%

Value ($000) $43,230 Shares 1,500,000 Est. Cost $23.37 Unrealized 0.0%

RNA AVIDITY BIOSCIENCES INC 4.9%

Value ($000) $14,597 Shares 202,370 Est. Cost $64.59 Unrealized 0.0%

PCSC PERCEPTIVE CAP SOLUTIONS COR 1.8%

Value ($000) $5,461 Shares 419,084 Est. Cost $11.28 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WBD	WARNER BROS DISCOVERY INC	1,500,000	$43,230	14.6%	$23.37	0.0%	COM SER A	934423104
RNA	AVIDITY BIOSCIENCES INC	202,370	$14,597	4.9%	$64.59	0.0%	COM	05370A108
PCSC	PERCEPTIVE CAP SOLUTIONS COR	419,084	$5,461	1.8%	$11.28	0.0%	CL A ORD SHS	G70077105

Increased Positions (6)

IAU ISHARES GOLD TR 19.7%

Value ($000) $58,420 (+104.4%) Shares 719,722 (+83.3%) Est. Cost $72.36 Unrealized —

BNR BURNING ROCK BIOTECH LTD-ADR 3.3%

Value ($000) $9,902 (+416.6%) Shares 491,426 (+121.8%) Est. Cost $14.21 Unrealized —

ALTS ALT5 SIGMA CORP 4.1%

Value ($000) $12,035 (+93.5%) Shares 10,941,280 (+373.2%) Est. Cost $2.78 Unrealized -30.8%

PLBY PLAYBOY INC 2.3%

Value ($000) $6,936 (+225.2%) Shares 3,689,452 (+154.2%) Est. Cost $1.56 Unrealized +4.7%

HHH HOWARD HUGHES HOLDINGS INC 16.5%

Value ($000) $48,886 (+6.1%) Shares 612,839 (+9.3%) Est. Cost $71.93 Unrealized +15.2%

USBC USBC INC 0.6%

Value ($000) $1,632 (-38.2%) Shares 2,571,312 (+30.4%) Est. Cost $1.58 Unrealized -46.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IAU	ISHARES GOLD TR	719,722 (+83.3%)	$58,420 (+104.4%)	19.7%	$72.36	—	ISHARES NEW	464285204
BNR	BURNING ROCK BIOTECH LTD-ADR	491,426 (+121.8%)	$9,902 (+416.6%)	3.3%	$14.21	—	SPONSORED ADS	12233L206
ALTS	ALT5 SIGMA CORP	10,941,280 (+373.2%)	$12,035 (+93.5%)	4.1%	$2.78	-30.8%	COM	47089W104
PLBY	PLAYBOY INC	3,689,452 (+154.2%)	$6,936 (+225.2%)	2.3%	$1.56	+4.7%	COM	72814P109
HHH	HOWARD HUGHES HOLDINGS INC	612,839 (+9.3%)	$48,886 (+6.1%)	16.5%	$71.93	+15.2%	COM	44267T102
USBC	USBC INC	2,571,312 (+30.4%)	$1,632 (-38.2%)	0.6%	$1.58	-46.6%	COM NEW	499238202

Exited Positions (2)

IBIT ISHARES BITCOIN TRUST HEDGEFUND 48.6%

Value ($000) $143,915 Shares 2,214,074 Est. Cost $46.39 Unrealized —

— STRATEGY INC 0.7%

Value ($000) $2,089 Shares 22,784 Est. Cost $95.44 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBIT	ISHARES BITCOIN TRUST HEDGEFUND	2,214,074	$143,915	48.6%	$46.39	—	—	46438F101
—	STRATEGY INC	22,784	$2,089	0.7%	$95.44	—	—	594972887

Decreased Positions (1)

GRAL GRAIL INC 31.0%

Value ($000) $91,784 (-15.8%) Shares 1,072,374 (-41.8%) Est. Cost $15.48 Unrealized +458.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GRAL	GRAIL INC	1,072,374 (-41.8%)	$91,784 (-15.8%)	31.0%	$15.48	+458.0%	COM	384747101

Unchanged Positions (1)

PCAP PROCAP ACQUISITION CORP 1.0%

Value ($000) $3,105 Shares 306,519 Est. Cost $10.31 Unrealized -0.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PCAP	PROCAP ACQUISITION CORP	306,519	$3,105	1.0%	$10.31	-0.6%	SHS CL A	G7257A105