Crestwood Capital Management, L.P.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Crestwood Capital Management, L.P. reported 15 stock positions worth $130.3 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 15.8% of the portfolio, followed by Viking (VIK, 13.0%) and Dutch Bros Class A (BROS, 12.8%). Compared with Q4 2024, it added to 7 and reduced 5. The biggest buy was Icici Bank Ltd.-Spon ADR (IBN, shares +9%) and the biggest sale Maplebear (CART, shares −19%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001468395
- Portfolio Value
- $130.3M (Q1 2025)
- SEC Filing
- 0001468395-25-000003 ↗ filed May 13, 2025
Holdings Value
Holdings 15 stocks · $130.3M
| IBN Icici Bank Ltd.-Spon ADR | 15.83% | 654,150 | $20.6M | Add +8.5% |
| VIK Viking Holdings Ltd. | 13.01% | 426,522 | $17.0M | Add +19.6% |
| BROS Dutch Bros Inc. Class A | 12.81% | 270,379 | $16.7M | Reduce -14.3% |
| NFLX Netflix Inc. | 11.45% | 15,997 | $14.9M | No change |
| CART Maplebear Inc. | 10.25% | 334,896 | $13.4M | Reduce -18.7% |
| BIRK Birkenstock Holding PLC | 9.44% | 268,103 | $12.3M | Add +50.7% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 6.07% | 1,468,081 | $7.9M | Add +23.0% |
| DV Doubleverify Holdings Inc. | 4.87% | 474,157 | $6.3M | Add +46.3% |
| SONO Sonos Inc. | 4.22% | 515,000 | $5.5M | Add +58.5% |
| AMD Advanced Micro Devices | 4.13% | 52,318 | $5.4M | Reduce -1.9% |
| JAMF Jamf Holding Corp. filed as JAMF HLDG CORP | 2.56% | 275,000 | $3.3M | Add +37.5% |
| HTHT H World Group Ltd.-ADR | 1.76% | 61,988 | $2.3M | Reduce -24.4% |
| BRZE Braze Inc. Class A | 1.59% | 57,500 | $2.1M | Reduce -32.4% |
| FIVE Five Below | 1.04% | 18,102 | $1.4M | No change |
| ALAB Astera Labs Inc. | 0.96% | 20,920 | $1.2M | No change |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| IBN Icici Bank Ltd.-Spon ADR | Add +8.5% | 15.83% | +2.59 |
| BIRK Birkenstock Holding PLC | Add +50.7% | 9.44% | +2.03 |
| VIK Viking Holdings Ltd. | Add +19.6% | 13.01% | +1.46 |
| SONO Sonos Inc. | Add +58.5% | 4.22% | +0.62 |
| JAMF Jamf Holding Corp. | Add +37.5% | 2.56% | +0.50 |
| DV Doubleverify Holdings Inc. | Add +46.3% | 4.87% | +0.29 |
| REAL The Realreal Inc. | Add +23.0% | 6.07% | −3.52 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 16 | $152.7M | VIK, BROS, IBN, REAL, SONO |
| Q1 2026 | 15 | $145.5M | VIK, IBN, BROS, SONO, REAL |
| Q4 2025 | 13 | $158.0M | VIK, REAL, IBN, BROS, SONO |
| Q3 2025 | 13 | $143.6M | VIK, IBN, NFLX, BROS, REAL |
| Q2 2025 | 14 | $146.8M | IBN, NFLX, VIK, BROS, DV |
| Q1 2025 | 15 | $130.3M | IBN, VIK, BROS, NFLX, CART |
| Q4 2024 | 15 | $136.0M | IBN, CART, BROS, VIK, NFLX |
| Q3 2024 | 16 | $129.6M | CART, IBN, VIK, NFLX, BROS |
| Q2 2024 | 14 | $140.1M | IBN, CART, BROS, NFLX, FIVE |
| Q1 2024 | 16 | $161.9M | FIVE, NFLX, CART, AMD, IBN |