Crestwood Capital Management, L.P.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Crestwood Capital Management, L.P. reported 14 stock positions worth $146.8 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 15.2% of the portfolio, followed by Netflix (NFLX, 14.6%) and Viking (VIK, 14.2%). Compared with Q1 2025, it opened 1 new position, sold out of 2, added to 4 and reduced 4. The biggest buy was Doubleverify (DV, shares +102%) and the biggest sale Birkenstock (BIRK, shares −14%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001468395
Portfolio Value
$146.8M (Q2 2025)
SEC Filing
0001468395-25-000007 ↗ filed Aug 11, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $161.9M Q1 2024 Q2 2024: $140.1M Q2 2024 Q3 2024: $129.6M Q3 2024 Q4 2024: $136.0M Q4 2024 Q1 2025: $130.3M Q1 2025 Q2 2025: $146.8M $146.8M Q2 2025 Q3 2025: $143.6M Q3 2025 Q4 2025: $158.0M Q4 2025 Q1 2026: $145.5M Q1 2026 Q2 2026: $152.7M Q2 2026

Holdings 14 stocks · $146.8M
IBN Icici Bank Ltd.-Spon ADR 15.21% 663,900 $22.3M Add +1.5%
NFLX Netflix Inc. 14.59% 15,997 $21.4M No change
VIK Viking Holdings Ltd. 14.21% 391,522 $20.9M Reduce -8.2%
BROS Dutch Bros Inc. Class A 12.59% 270,379 $18.5M No change
DV Doubleverify Holdings Inc. 9.78% 959,157 $14.4M Add +102.3%
CART Maplebear Inc. 9.55% 309,896 $14.0M Reduce -7.5%
BIRK Birkenstock Holding PLC 7.72% 230,603 $11.3M Reduce -14.0%
REAL The Realreal Inc. filed as THE REALREAL INC 5.12% 1,568,081 $7.5M Add +6.8%
SONO Sonos Inc. 3.79% 515,000 $5.6M No change
AMD Advanced Micro Devices 2.64% 27,318 $3.9M Reduce -47.8%
JAMF Jamf Holding Corp. filed as JAMF HLDG CORP 1.85% 285,000 $2.7M Add +3.6%
HTHT H World Group Ltd.-ADR 1.43% 61,988 $2.1M No change
ALAB Astera Labs Inc. 1.29% 20,920 $1.9M No change
CHYM Chime Financial Inc. Class A 0.25% 10,460 $361K New

Portfolio Sells Q1 2025 → Q2 2025
BIRK Birkenstock Holding PLC Reduce -14.0% 7.72% −1.71
BRZE Braze Inc. Class A Sold out 0.00% −1.59
AMD Advanced Micro Devices Reduce -47.8% 2.64% −1.49
FIVE Five Below Sold out 0.00% −1.04
CART Maplebear Inc. Reduce -7.5% 9.55% −0.71
VIK Viking Holdings Ltd. Reduce -8.2% 14.21% +1.19

Portfolio Buys Q1 2025 → Q2 2025
DV Doubleverify Holdings Inc. Add +102.3% 9.78% +4.91
CHYM Chime Financial Inc. Class A New 0.25% +0.25
IBN Icici Bank Ltd.-Spon ADR Add +1.5% 15.21% −0.62
JAMF Jamf Holding Corp. Add +3.6% 1.85% −0.72
REAL The Realreal Inc. Add +6.8% 5.12% −0.96

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 16$152.7MVIK, BROS, IBN, REAL, SONO
Q1 2026 15$145.5MVIK, IBN, BROS, SONO, REAL
Q4 2025 13$158.0MVIK, REAL, IBN, BROS, SONO
Q3 2025 13$143.6MVIK, IBN, NFLX, BROS, REAL
Q2 2025 14$146.8MIBN, NFLX, VIK, BROS, DV
Q1 2025 15$130.3MIBN, VIK, BROS, NFLX, CART
Q4 2024 15$136.0MIBN, CART, BROS, VIK, NFLX
Q3 2024 16$129.6MCART, IBN, VIK, NFLX, BROS
Q2 2024 14$140.1MIBN, CART, BROS, NFLX, FIVE
Q1 2024 16$161.9MFIVE, NFLX, CART, AMD, IBN