SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Crestline Management, L.P.

CIK 0001536054 · 201 MAIN STREET, SUITE 2100, FORT WORTH, TX, 76102 · 817.339.7483

Reported Value
$943M
Q4 2020
Positions
141
Filings on Record
31
2019–present window
Filed
Feb 12, 2021
original filing

Summary

Crestline Management, L.P. reported $943M in U.S.-listed holdings across 141 positions for Q4 2020.

The portfolio is heavily concentrated: DNLI alone accounts for 36.0% of reported value.

Compared with Q3 2020, the fund opened 81 new positions and exited 34.

Portfolio Metrics

Turnover
+29.0%
vs prior filed quarter
Top-10 Concentration
+65.1%
share of reported value
Largest Position
+36.0%
Denali Therapeutics
New / Exited
81 / 34
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $461MQ1 ’19Q2 ’19: $743MQ3 ’19: $621MQ4 ’19: $772MQ1 ’20: $347MQ1 ’20Q2 ’20: $546MQ3 ’20: $678MQ4 ’20: $943MQ1 ’21: $788MQ1 ’21Q2 ’21: $1.2BQ3 ’21: $1.1BQ4 ’21: $1.3BQ1 ’22: $834MQ1 ’22Q2 ’22: $766MQ3 ’22: $740MQ4 ’22: $682MQ1 ’23: $842MQ1 ’23Q2 ’23: $958MQ3 ’23: $858MQ4 ’23: $1.2BQ1 ’24: $1.1BQ1 ’24Q2 ’24: $1.3BQ3 ’24: $1.9BQ4 ’24: $3.0BQ1 ’25: $63MQ1 ’25Q2 ’25: $63MQ3 ’25: $58MQ4 ’25: $53MQ1 ’26: $46MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 84.5%US DOMESTIC: 5.3%REIT: 4.6%ETP: 2.8%Other: 1.3%Other: 1.5%
  • Common Stock · 84.5% · $797M
  • US DOMESTIC · 5.3% · $50M
  • REIT · 4.6% · $43M
  • ETP · 2.8% · $27M
  • Other · 1.3% · $12M
  • Other · 1.5% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BRK/BBERKSHIRE HATHAWAY INC DELNEW+175.0K175.0K+$41M$41M
UNHUNITEDHEALTH GROUP INCNEW+100.0K100.0K+$35M$35M
NEENEXTERA ENERGY INCNEW+450.0K450.0K+$35M$35M
COSTCOSTCO WHSL CORP NEWNEW+60.0K60.0K+$23M$23M
ROSTROSS STORES INCNEW+141.0K141.0K+$17M$17M
ELVANTHEM INCNEW+50.0K50.0K+$16M$16M
VRSKVERISK ANALYTICS INCNEW+69.0K69.0K+$14M$14M
COPCONOCOPHILLIPSNEW+350.0K350.0K+$14M$14M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2020

118 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM35.95%$339M19.46M
2BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW4.30%$41M175.0K
3AMZNAMAZON COM INChistory →COM3.99%$38M11.6K
4METAFACEBOOK INChistory →CL A3.82%$36M131.8K
5UNHUNITEDHEALTH GROUP INChistory →COM3.72%$35M100.0K
6QCOMQUALCOMM INChistory →COM3.72%$35M230.2K
7NEENEXTERA ENERGY INChistory →COM3.68%$35M450.0K
8COSTCOSTCO WHSL CORP NEWhistory →COM2.40%$23M60.0K
9ROSTROSS STORES INChistory →COM1.84%$17M141.0K
10ELVANTHEM INChistory →COM1.70%$16M50.0K
11VRSKVERISK ANALYTICS INChistory →COM1.52%$14M69.0K
12COPCONOCOPHILLIPShistory →COM1.48%$14M350.0K
13TAPMOLSON COORS BEVERAGE COhistory →CL B1.44%$14M300.0K
14SQUARE INCNOTE 0.500% 5/11.19%$11M16.00M
15WORKDAY INCNOTE 0.250%10/00.98%$9M30.25M
16AMATAPPLIED MATLS INCCOM0.79%$7M86.2K
17MUMICRON TECHNOLOGY INCCOM0.79%$7M98.5K
18COLONY STARWOOD HOMESNOTE 3.500% 1/10.71%$7M25.00M
19AMHAMERICAN HOMES 4 RENTCL A0.70%$7M221.6K
20AVGOBROADCOM INCCOM0.60%$6M13.0K
21MERCADOLIBRE INCNOTE 2.000% 8/10.60%$6M2.25M
22REXRREXFORD INDL RLTY INCCOM0.57%$5M109.4K
23ESSESSEX PPTY TR INCCOM0.55%$5M22.0K
24STAGSTAG INDL INCCOM0.55%$5M166.4K
25ZILLOW GROUP INCNOTE 1.500% 7/00.54%$5M9.00M
26CREE INCCOM0.54%$5M48.0K
27SIMOSILICON MOTION TECHNOLOGY COSPONSORED ADR0.53%$5M103.1K
28VOYAVOYA FINANCIAL INCCOM0.51%$5M81.9K
29YUSDALLEGHANY CORP DELCOM0.50%$5M7.9K
30HRUSDHEALTHCARE RLTY TRCOM0.49%$5M156.7K
31WPMWHEATON PRECIOUS METALS CORPCOM0.49%$5M110.8K
32HIGHARTFORD FINL SVCS GROUP INCCOM0.48%$5M93.2K
33DEXCOM INCNOTE 0.750%12/00.48%$5M4.00M
34METMETLIFE INCCOM0.45%$4M91.0K
35DEIDOUGLAS EMMETT INCCOM0.43%$4M140.0K
36WORWORTHINGTON INDS INCCOM0.43%$4M78.8K
37HUBSHUBSPOT INCCOM0.41%$4M9.7K
38AIZASSURANT INCCOM0.39%$4M27.0K
39MTARCELORMITTAL SA LUXEMBOURGNY REGISTRY SH0.37%$3M152.4K
40VMCVULCAN MATLS COCOM0.37%$3M23.5K
41QRVOQORVO INCCOM0.36%$3M20.5K
42WAYFAIR INCNOTE 1.000% 8/10.36%$3M4.00M
43AMPAMERIPRISE FINL INCCOM0.35%$3M16.9K
44AEMAGNICO EAGLE MINES LTDCOM0.33%$3M44.8K
45VVISA INCCOM CL A0.32%$3M13.7K
46PRICELINE GRP INCNOTE 0.900% 9/10.31%$3M6.25M
47LITELUMENTUM HLDGS INCCOM0.29%$3M29.2K
48DISDISNEY WALT COCOM0.29%$3M14.9K
49TXTERNIUM SASPONSORED ADS0.28%$3M91.5K
50ADIANALOG DEVICES INCCOM0.28%$3M18.0K
51AAPLAPPLE INCCOM0.28%$3M20.0K
52BROBROWN & BROWN INCCOM0.27%$3M54.5K
53UDRUDR INCCOM0.26%$2M63.9K
54PRUPRUDENTIAL FINL INCCOM0.26%$2M31.3K
55COLUMBIA PPTY TR INCCOM NEW0.26%$2M170.0K
56VERVEREIT INCCOM0.26%$2M64.3K
57CCKCROWN HLDGS INCCOM0.26%$2M24.0K
58MKLMARKEL CORPCOM0.25%$2M2.3K
59IPGINTERPUBLIC GROUP COS INCCOM0.23%$2M93.0K
60LYFTLYFT INCCL A COM0.22%$2M41.7K
61MCHPMICROCHIP TECHNOLOGY INC.COM0.20%$2M13.7K
62WRBBERKLEY W R CORPCOM0.20%$2M28.1K
63FCPTFOUR CORNERS PPTY TR INCCOM0.19%$2M60.0K
64DISCOVERY INCCOM SER A0.18%$2M56.5K
65KMPRKEMPER CORPCOM0.18%$2M21.7K
66MKSIMKS INSTRS INCCOM0.18%$2M11.0K
67VZVERIZON COMMUNICATIONS INCCOM0.17%$2M28.0K
68PEBBLEBROOK HOTEL TRNOTE 1.750%12/10.17%$2M2.25M
69CFCF INDS HLDGS INCCOM0.16%$1M38.0K
70MSFTMICROSOFT CORPCOM0.15%$1M6.5K
71ORCLORACLE CORPCOM0.14%$1M21.0K
72BBLBHP GROUP PLCSPONSORED ADR0.14%$1M25.0K
73MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.13%$1M22.2K
74TLSTELOS CORP MDCOM0.13%$1M36.0K
75FISVFISERV INCCOM0.12%$1M10.0K
76INTUINTUITCOM0.12%$1M2.9K
77LNCLINCOLN NATL CORP INDCOM0.11%$1M21.3K
78CMCCOMMERCIAL METALS COCOM0.11%$1M50.0K
79BWINBRP GROUP INCCOM CL A0.11%$1M34.2K
80OPTUALTICE USA INCCL A0.11%$1M27.0K
81AMTAMERICAN TOWER CORP NEWCOM0.11%$1M4.5K
82TMUST-MOBILE US INCCOM0.11%$1M7.5K
83CCICROWN CASTLE INTL CORP NEWCOM0.11%$1M6.3K
84NVRIHARSCO CORPCOM0.11%$1M55.7K
85ADBEADOBE SYSTEMS INCORPORATEDCOM0.11%$1M2.0K
86LAMRLAMAR ADVERTISING CO NEWCL A0.10%$915,00011.0K
87CONX CORPUNIT 10/30/20270.09%$860,00082.2K
88NOWSERVICENOW INCCOM0.09%$856,0001.6K
89NFLXNETFLIX INCCOM0.08%$757,0001.4K
90MTCHMATCH GROUP INC NEWCOM0.08%$756,0005.0K
91TS INNOVATION ACQUISITN CORPUNIT 99/99/99990.08%$754,00071.5K
92ONON SEMICONDUCTOR CORPCOM0.07%$655,00020.0K
93CMCSACOMCAST CORP NEWCL A0.07%$629,00012.0K
94CAPITOL INVESTMENT CORP VUNIT 99/99/99990.07%$618,00060.0K
95UBERUBER TECHNOLOGIES INCCOM0.06%$561,00011.0K
96GOOGLALPHABET INCCAP STK CL A0.06%$526,000300
97SIGISELECTIVE INS GROUP INCCOM0.05%$515,0007.7K
98OMNICHANNEL ACQUISITION CORPUNIT 99/99/99990.05%$508,00049.3K
99SUMMIT MATLS INCCL A0.05%$502,00025.0K
100LUX HEALTH TECH ACQUISITIONUNIT 11/30/20270.05%$469,00040.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$46M3May 15, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025$53M3Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$58M3Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$63M3Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$63M3May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.0B705Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.9B514Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.3B159Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.1B157May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B157Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$858M143Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$958M148Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$842M157May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$682M165Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$740M201Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$766M221Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$834M256May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.3B227Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.1B236Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.2B177Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$788M98May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$943M141Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$678M91Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$546M160Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$347M32May 13, 2020RESTATEMENTchanges · EDGAR ↗
Q4 2019$772M41Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$621M79Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$743M82Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$461M3May 15, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Oribel Capital Management, LP028-17769

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.