Crestwood Capital Management, L.P.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Crestwood Capital Management, L.P. reported 13 stock positions worth $158.0 million. Its top holding was Viking (VIK) at 15.0% of the portfolio, followed by Realreal (REAL, 13.4%) and Icici Bank Ltd.-Spon ADR (IBN, 12.8%). Compared with Q3 2025, it opened 1 new position, sold out of 1, added to 1 and reduced 6. The biggest buy was a new position in Akamai Technologies (AKAM) and the biggest sale Netflix (NFLX, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001468395
- Portfolio Value
- $158.0M (Q4 2025)
- SEC Filing
- 0001468395-26-000001 ↗ filed Feb 11, 2026
Holdings Value
Holdings 13 stocks · $158.0M
| VIK Viking Holdings Ltd. | 14.99% | 331,522 | $23.7M | Reduce -2.9% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 13.42% | 1,343,081 | $21.2M | Reduce -6.9% |
| IBN Icici Bank Ltd.-Spon ADR | 12.81% | 678,900 | $20.2M | No change |
| BROS Dutch Bros Inc. Class A | 11.06% | 285,379 | $17.5M | Reduce -8.1% |
| SONO Sonos Inc. | 10.56% | 950,000 | $16.7M | Add +54.5% |
| NFLX Netflix Inc. | 8.31% | 139,970 | $13.1M | Reduce -12.5% |
| CART Maplebear Inc. | 8.25% | 289,896 | $13.0M | Reduce -6.5% |
| DV Doubleverify Holdings Inc. | 8.25% | 1,139,157 | $13.0M | No change |
| AKAM Akamai Technologies Inc. | 4.83% | 87,500 | $7.6M | New |
| BIRK Birkenstock Holding PLC | 3.45% | 133,332 | $5.5M | Reduce -33.5% |
| ALAB Astera Labs Inc. | 2.20% | 20,920 | $3.5M | No change |
| AMD Advanced Micro Devices | 1.67% | 12,318 | $2.6M | No change |
| ARX Accelerant Holdings Class A | 0.21% | 20,000 | $327K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| NFLX Netflix Inc. | Reduce -12.5% | 8.31% | −5.05 |
| BIRK Birkenstock Holding PLC | Reduce -33.5% | 3.45% | −2.87 |
| HTHT H World Group Ltd.-ADR | Sold out | 0.00% | −0.60 |
| BROS Dutch Bros Inc. Class A | Reduce -8.1% | 11.06% | −0.25 |
| VIK Viking Holdings Ltd. | Reduce -2.9% | 14.99% | +0.20 |
| CART Maplebear Inc. | Reduce -6.5% | 8.25% | +0.32 |
| REAL The Realreal Inc. | Reduce -6.9% | 13.42% | +2.73 |
Portfolio Buys Q3 2025 → Q4 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 |