Crestwood Capital Management, L.P.
Long book
$145.5M
Q1 2026
Positions
15
Top-10 weight
91%
concentration
Last quarter
+24.3%
SPY +14.8%
Turnover
35%
of book per quarter
Strategy in plain words
auto-generated from filingsCrestwood Capital Management, L.P. is a concentrated fundamental stock-picker, running a $145.5M US long book across 15 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VIKING HOLDINGS LTD, ICICI BANK LTD-SPON ADR, DUTCH BROS INC-CLASS A, SONOS INC, REALREAL INC/THE.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-9.8%
Q2 2024
-3.8%
Q3 2024
+21.0%
Q4 2024
-9.5%
Q1 2025
+16.7%
Q2 2025
+2.1%
Q3 2025
+7.8%
Q4 2025
-13.7%
Q1 2026
+24.3%
Sector allocation
Industrials 37%
Services media 23%
Consumer discretionary 23%
Technology 12%
Other 5%
Long book by quarter
What does Crestwood Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VIK VIKING HOLDINGS LTD | Industrials | 311.5K | $22.9M | 15.7% | -6.0% |
| BROS DUTCH BROS INC-CLASS A | Consumer discretionary | 315.4K | $16.0M | 11.0% | +10.5% |
| SONO SONOS INC | Industrials | 1.2M | $15.7M | 10.8% | +23.2% |
| REAL REALREAL INC/THE | Consumer discretionary | 1.4M | $12.9M | 8.8% | +5.6% |
| NFLX NETFLIX INC | Services media | 125.0K | $12.0M | 8.3% | -10.7% |
| AKAM AKAMAI TECHNOLOGIES INC | Services media | 87.5K | $10.0M | 6.9% | Held |
| DV DOUBLEVERIFY HOLDINGS INC | Technology | 979.2K | $9.3M | 6.4% | -14.0% |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 280.0K | $8.2M | 5.6% | New |
| BIRK BIRKENSTOCK HOLDING PLC | Other | 183.3K | $6.6M | 4.5% | +37.5% |
| FTAI FTAI AVIATION LTD | Services media | 18.0K | $4.4M | 3.0% | New |
| CART MAPLEBEAR INC | Services media | 88.0K | $3.3M | 2.3% | -69.6% |
| ALAB ASTERA LABS INC | Technology | 20.9K | $2.3M | 1.6% | Held |
| TOST TOAST INC-CLASS A | Technology | 75.0K | $2.0M | 1.4% | New |
| DT DYNATRACE INC | Technology | 43.8K | $1.6M | 1.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 15 | $145.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 13 | $158.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 13 | $143.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 14 | $146.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 15 | $130.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 15 | $136.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 16 | $129.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 14 | $140.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 16 | $161.9M | canonical | SEC ↗ |
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