Crescent Park Management, L.P.
Crescent Park Management, L.P. is a hedge fund headquartered in East Palo Alto, California. Founded in 2014, the firm manages assets for institutional and high net worth investors. As a registered investment adviser (SEC advisor #801-80242), Crescent Park focuses on equity-based strategies and employs a team of approximately 10 to 20 professionals. The firm operates mainly in the United States and carries out discretionary management of investment portfolios.
Investment Strategy
Crescent Park Management, L.P. implements a fundamentally driven, discretionary long/short equity strategy. Their investment approach emphasizes deep research and concentrated positions in high-conviction opportunities, primarily in public equities across the technology, consumer, and financial sectors. The fund seeks to generate alpha by opportunistically investing based on bottom-up analysis, rigorous due diligence, and risk management, with a particular focus on U.S. listed stocks but may diversify globally at times.
Top Holdings
Equity Positions (21)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AVGO | BROADCOM INC | 17.99% | $46.8M | 169,704 | $34.29 | $275.65 | +$11.5M |
K KKR | KKR & CO INC | 6.48% | $16.9M | 126,708 | $36.46 | $133.03 | +$2.3M |
A AMZN | AMAZON COM INC | 6.47% | $16.8M | 76,643 | $110.96 | $219.39 | +$2.3M |
C CCCS | CCC INTELLIGENT SOLUTIONS HL | 6.02% | $15.7M | 1,664,792 | $9.72 | $9.41 | +$5.4M |
W WIX | WIX COM LTD | 5.85% | $15.2M | 96,010 | $113.88 | $158.46 | +$2.7M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
A AEVA | AEVA TECHNOLOGIES INC | Bought | Call | $6.8M | 1,793 | $37.79 | $12.26 | +404 | +$5.8M |
L LUMN | LUMEN TECHNOLOGIES INC | Bought | Call | $6.0M | 13,775 | $4.38 | $4.68 | +3,964 | +$2.2M |
O OUST | OUSTER INC | — | Call | $3.3M | 1,362 | $24.25 | $6.47 | 0 | +$2.1M |
F FUBO | FUBOTV INC | Bought | Call | $2.1M | 5,454 | $3.86 | $2.41 | +72 | +$533.7K |
S SATS | ECHOSTAR CORP | Bought | Call | $1.7M | 626 | $27.70 | $19.24 | +77 | +$329.7K |