13F Insight
DOSSIER · 13F-HR · Q1 2026

Crow's Nest Holdings LP

$428M in tracked AUM across 11 positions as of Q1 2026.

CN
CIK 0001898772 · last filed Mar 31, 2026
Total AUM
$428M
as of Q1 2026
Holdings
11
—
positions
Whale Score
69
69
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Based on the SEC 13F filing for Crow's Nest Holdings LP for the period ending September 30, 2025, here is a comprehensive financial analysis.

1. Portfolio Overview

Crow's Nest Holdings LP has undergone a significant transformation in the third quarter of 2025, characterized by aggressive capital deployment and portfolio consolidation. The total portfolio value decreased by 51.0%, dropping from $453.50 million to $222.26 million. This drastic reduction in assets under management (AUM) is not...

The fund has shifted from a moderately diversified portfolio to an extremely concentrated strategy. With only 5 holdings remaining, the fund demonstrates a high-conviction approach. The portfolio is heavily top-heavy, with the largest position (Ensign Group) accounting for over a third of total assets (33.59%), and the top three positions comprising nearly 74% of the portfolio. This structure indicates a preference for specific idiosyncratic winners over broad market exposure.

2. Key Holdings

The portfolio is dominated by five distinct positions, each representing a significant capital allocation:

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
TSM
TAIWAN SEMICONDUCTOR MANUFAC
$76M225K17.8%02
ENSG
ENSIGN GROUP INC
$62M308K14.5%03
AMZN
AMAZON COM INC
$56M270K13.1%04
LPX
LOUISIANA PAC CORP
$41M570K9.7%05
GOOG
ALPHABET INC
$37M128K8.6%06
META
META PLATFORMS INC
$37M64K8.6%07
FERG
FERGUSON ENTERPRISES INC
$28M121K6.6%08
TDG
TRANSDIGM GROUP INC
$27M24K6.4%09
SUNB
SUNBELT RENTALS HOLDINGS INC
$24M373K5.7%10
G0896C103
BBB FOODS INC
$19M550K4.5%

Filing history

2026Q1Mar 31
$428M▼ 2.6%
11 positionsView →2025Q4Dec 31
$439M▲ 97.6%
9 positionsView →2025Q3Sep 30
$222M▼ 51.0%
5 positionsView →2025Q2Jun 30
$453M▲ 199.3%
9 positionsLocked2025Q1Mar 31
$151M▼ 68.0%
4 positionsLocked2024Q4Dec 31
$474M▼ 12.5%
9 positionsLocked2024Q3Sep 30
$542M▲ 21.8%
9 positionsLocked2024Q2Jun 30
$445M▼ 14.3%
8 positionsLocked2024Q1Mar 31
$519M▲ 15.7%
10 positionsLocked2023Q4Dec 31
$449M▲ 14.1%
9 positionsLocked2023Q3Sep 30
$393M▼ 6.8%
9 positionsLocked2023Q2Jun 30
$422M▲ 16.5%
9 positionsLocked
Showing 12 of 18