Crescent Park Management, L.P.

Key Holdings

The portfolio exhibits a "bar-bell" structure, heavily weighted toward a few mega-cap technology leaders while maintaining exposure to mid-cap growth and special situation stocks.

• Broadcom Inc (AVGO): Remaining the cornerstone position, AVGO represents 20.16% of the portfolio ($42.15M). Despite a reduction of 24.7% (approx. $4.63M) during the quarter, it remains the dominant holding. This indicates continued conviction in the semiconductor/AI infrastructure space, even as the firm took some profits or managed risk.
• Wix.com Ltd (WIX): The second-largest holding at 9.43% ($19.72M). Notably, this was the largest absolute increase during the quarter, with the firm adding $4.51M (+15.6%). This aggressive accumulation suggests a strong bullish thesis on the cloud computing and web development sector.
• KKR & Co Inc (KKR): The top financial services holding, comprising 7.43% ($15.53M). This provides the portfolio with exposure to private equity and alternative asset management, serving as a diversifier against the pure technology plays.
• DoorDash Inc (DASH): A significant position at 7.17% ($15.00M), representing a bet on the continued growth of the logistics and food delivery ecosystem.