Crow's Nest Holdings LP
Long book
$427.7M
Q1 2026
Positions
11
Top-10 weight
96%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
18%
of book per quarter
Strategy in plain words
auto-generated from filingsCrow's Nest Holdings LP is a concentrated fundamental stock-picker, running a $427.7M US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, ENSIGN GROUP INC/THE, AMAZON.COM INC, LOUISIANA-PACIFIC CORP, ALPHABET INC-CL C.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 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
+3.4%
Q2 2024
+2.2%
Q3 2024
+3.4%
Q4 2024
-5.2%
Q1 2025
+10.8%
Q2 2025
+2.9%
Q3 2025
+2.0%
Q4 2025
-0.8%
Q1 2026
+11.3%
Sector allocation
Consumer discretionary 30%
Healthcare 23%
Technology 21%
Other 12%
Industrials 8%
Services media 7%
Long book by quarter
What does Crow's Nest own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ENSG ENSIGN GROUP INC/THE | Healthcare | 307.7K | $62.0M | 14.5% | -20.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 270.0K | $56.2M | 13.1% | -18.2% |
| LPX LOUISIANA-PACIFIC CORP | Other | 570.0K | $41.5M | 9.7% | -25.0% |
| GOOG ALPHABET INC-CL C | Technology | 128.3K | $36.8M | 8.6% | +29.4% |
| META META PLATFORMS INC-CLASS A | Technology | 64.0K | $36.6M | 8.6% | +25.2% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 121.0K | $28.2M | 6.6% | -37.9% |
| TDG TRANSDIGM GROUP INC | Industrials | 23.7K | $27.4M | 6.4% | -20.4% |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 372.6K | $24.3M | 5.7% | New |
| TBBB BBB FOODS INC-CLASS A | Consumer discretionary | 550.0K | $19.5M | 4.5% | +10.0% |
| MEDP MEDPACE HOLDINGS INC | Healthcare | 40.0K | $19.2M | 4.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 11 | $427.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 9 | $439.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 9 | $480.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 9 | $453.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 8 | $404.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 9 | $474.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 9 | $541.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 8 | $444.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 10 | $519.1M | canonical | SEC ↗ |
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