Managers / Q4 2025 · view latest →
Crescent Park Management, L.P.
CIK 0001629984 · 1950 UNIVERSITY AVENUE, SUITE 204, EAST PALO ALTO, CA, 94303 · 650-285-4300
Summary
Crescent Park Management, L.P. reported $164M in U.S.-listed holdings across 30 positions for Q4 2025.
Its largest position, AVGO, represents 19.4% of the portfolio.
Compared with Q3 2025, the fund opened 1 new position and exited 5.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 97.7% · $160M
- ADR · 2.3% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| OUSTOUSTER INC | NEW | +17.2K | 17.2K | +$372,208 | $372,208 |
| CCCCCC INTELLIGENT SOLUTIONS HL | SOLD OUT | −1.57M | 0 | −$14M | $0 |
| SBACSBA COMMUNICATIONS CORP NEW | SOLD OUT | −60.7K | 0 | −$12M | $0 |
| NABLN-ABLE INC | SOLD OUT | −1.22M | 0 | −$9M | $0 |
| BJBJS WHSL CLUB HLDGS INC | SOLD OUT | −36.9K | 0 | −$3M | $0 |
| SPYSPDR S&P 500 ETF TR | SOLD OUT | −3.9K | 0 | −$3M | $0 |
| CLBTCELLEBRITE DI LTD | TRIMMED | −293.0K | 23.4K | −$5M | $422,785 |
| BLNDBLEND LABS INC | ADDED | +61.6K | 137.3K | +$141,114 | $417,441 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AVGOBROADCOM INChistory → | COM | 19.38% | $32M | 91.6K |
| 2 | KKRKKR & CO INChistory → | COM | 9.40% | $15M | 120.6K |
| 3 | AMZNAMAZON COM INChistory → | COM | 9.06% | $15M | 64.2K |
| 4 | PCORPROCORE TECHNOLOGIES INChistory → | COM | 7.45% | $12M | 167.6K |
| 5 | WIXWIX COM LTDhistory → | SHS | 7.07% | $12M | 111.2K |
| 6 | DASHDOORDASH INChistory → | CL A | 6.70% | $11M | 48.4K |
| 7 | WDAYWORKDAY INChistory → | CL A | 4.27% | $7M | 32.5K |
| 8 | GDDYGODADDY INChistory → | CL A | 3.83% | $6M | 50.5K |
| 9 | DBRGDIGITALBRIDGE GROUP INChistory → | CL A NEW | 3.73% | $6M | 398.1K |
| 10 | GTMZOOMINFO TECHNOLOGIES INChistory → | COMMON STOCK | 3.53% | $6M | 568.1K |
| 11 | CMGCHIPOTLE MEXICAN GRILL INChistory → | COM | 3.45% | $6M | 152.6K |
| 12 | NVDANVIDIA CORPORATIONhistory → | COM | 2.88% | $5M | 25.2K |
| 13 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 2.28% | $4M | 12.3K |
| 14 | APOAPOLLO GLOBAL MGMT INChistory → | COM | 2.02% | $3M | 22.8K |
| 15 | VVVVALVOLINE INChistory → | COM | 1.88% | $3M | 106.1K |
| 16 | BLDRBUILDERS FIRSTSOURCE INChistory → | COM | 1.06% | $2M | 16.9K |
| 17 | CLBTCELLEBRITE DI LTD | ORDINARY SHARES | 0.26% | $422,785 | 23.4K |
| 18 | BLNDBLEND LABS INC | CL A | 0.26% | $417,441 | 137.3K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $29M | 7 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $164M | 30 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $249M | 35 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $260M | 34 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $215M | 37 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $261M | 34 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $251M | 34 | Nov 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $215M | 28 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $257M | 29 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $462M | 34 | Feb 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $426M | 33 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $342M | 27 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $306M | 24 | May 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $315M | 22 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $419M | 33 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $467M | 37 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $618M | 39 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $614M | 38 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $680M | 40 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $675M | 33 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $591M | 31 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $685M | 27 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $596M | 25 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $485M | 27 | Aug 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $410M | 26 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $557M | 25 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $485M | 21 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $550M | 25 | Aug 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $570M | 24 | May 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $338M | 15 | Feb 13, 2019 | 13F-HR | changes · EDGAR ↗ |
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 ↗.