Crestwood Capital Management, L.P.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Crestwood Capital Management, L.P. reported 13 stock positions worth $143.6 million. Its top holding was Viking (VIK) at 14.8% of the portfolio, followed by Icici Bank Ltd.-Spon ADR (IBN, 14.3%) and Netflix (NFLX, 13.4%). Compared with Q2 2025, it opened 1 new position, sold out of 2, added to 4 and reduced 5. The biggest buy was Sonos (SONO, shares +19%) and the biggest sale an exit from Jamf (JAMF).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001468395
- Portfolio Value
- $143.6M (Q3 2025)
- SEC Filing
- 0001468395-25-000010 ↗ filed Nov 12, 2025
Holdings Value
Holdings 13 stocks · $143.6M
| VIK Viking Holdings Ltd. | 14.78% | 341,522 | $21.2M | Reduce -12.8% |
| IBN Icici Bank Ltd.-Spon ADR | 14.29% | 678,900 | $20.5M | Add +2.3% |
| NFLX Netflix Inc. | 13.36% | 15,997 | $19.2M | No change |
| BROS Dutch Bros Inc. Class A | 11.31% | 310,379 | $16.2M | Add +14.8% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 10.68% | 1,443,081 | $15.3M | Reduce -8.0% |
| DV Doubleverify Holdings Inc. | 9.50% | 1,139,157 | $13.6M | Add +18.8% |
| CART Maplebear Inc. | 7.93% | 309,896 | $11.4M | No change |
| SONO Sonos Inc. | 6.77% | 615,000 | $9.7M | Add +19.4% |
| BIRK Birkenstock Holding PLC | 6.32% | 200,603 | $9.1M | Reduce -13.0% |
| ALAB Astera Labs Inc. | 2.85% | 20,920 | $4.1M | No change |
| AMD Advanced Micro Devices | 1.39% | 12,318 | $2.0M | Reduce -54.9% |
| HTHT H World Group Ltd.-ADR | 0.60% | 21,988 | $860K | Reduce -64.5% |
| ARX Accelerant Holdings Class A | 0.21% | 20,000 | $298K | New |
Portfolio Sells Q2 2025 → Q3 2025
| JAMF Jamf Holding Corp. | Sold out | 0.00% | −1.85 |
| BIRK Birkenstock Holding PLC | Reduce -13.0% | 6.32% | −1.40 |
| AMD Advanced Micro Devices | Reduce -54.9% | 1.39% | −1.25 |
| HTHT H World Group Ltd.-ADR | Reduce -64.5% | 0.60% | −0.83 |
| CHYM Chime Financial Inc. Class A | Sold out | 0.00% | −0.25 |
| VIK Viking Holdings Ltd. | Reduce -12.8% | 14.78% | +0.58 |
| REAL The Realreal Inc. | Reduce -8.0% | 10.68% | +5.57 |
Portfolio Buys Q2 2025 → Q3 2025
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 |