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Top 5 1st Quarter Trades of Crestwood Capital Management, L.P.

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May 12, 2022
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Crestwood Capital Management, L.P. recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

599 LEXINGTON AVENUE NEW YORK, NY 10022

As of the latest 13F report, the guru’s equity portfolio contained 18 stocks valued at a total of $166,000,000. The top holdings were IBN(11.75%), XMTR(9.03%), and HTHT(8.78%).

According to GuruFocus data, these were Crestwood Capital Management, L.P.’s top five trades of the quarter.

SmartRent Inc


The guru sold out of their 678,653-share investment in NYSE:SMRT. Previously, the stock had a 2.94% weight in the equity portfolio. Shares traded for an average price of $7.22 during the quarter.

On 05/12/2022, SmartRent Inc traded for a price of $3.97 per share and a market cap of $925,684,000. The stock has returned 0.00% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 1 out of 10.

In terms of valuation, SmartRent Inc has a price-book ratio of 1.91, a EV-to-Ebitda ratio of -15.31 and a price-sales ratio of 6.25.

DocuSign Inc


The guru sold out of their 39,472-share investment in NAS:DOCU. Previously, the stock had a 2.69% weight in the equity portfolio. Shares traded for an average price of $114.94 during the quarter.

On 05/12/2022, DocuSign Inc traded for a price of $69.17 per share and a market cap of $15,302,553,000. The stock has returned -65.51% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, DocuSign Inc has a price-book ratio of 56.13, a EV-to-Ebitda ratio of 701.66 and a price-sales ratio of 7.27.

The price-to-GF Value ratio is 0.26, earning the stock a GF Value rank of 2.

WEX Inc


Crestwood Capital Management, L.P. reduced their investment in NYSE:WEX by 34,579 shares. The trade had a 2.18% impact on the equity portfolio. During the quarter, the stock traded for an average price of $162.99.

On 05/12/2022, WEX Inc traded for a price of $148.87 per share and a market cap of $6,420,957,000. The stock has returned -20.72% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, WEX Inc has a price-earnings ratio of 51.71, a price-book ratio of 3.35, a EV-to-Ebitda ratio of 10.99 and a price-sales ratio of 3.31.

The price-to-GF Value ratio is 0.66, earning the stock a GF Value rank of 8.

Toast Inc


During the quarter, Crestwood Capital Management, L.P. bought 159,638 shares of NYSE:TOST for a total holding of 454,106. The trade had a 2.09% impact on the equity portfolio. During the quarter, the stock traded for an average price of $22.6.

On 05/12/2022, Toast Inc traded for a price of $14.03 per share and a market cap of $9,033,906,000. The stock has returned 0.00% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 1 out of 10.

In terms of valuation, Toast Inc has a price-book ratio of 7.61, a EV-to-Ebitda ratio of -31.94 and a price-sales ratio of 5.38.

Shopify Inc


Crestwood Capital Management, L.P. reduced their investment in NYSE:SHOP by 3,361 shares. The trade had a 2.07% impact on the equity portfolio. During the quarter, the stock traded for an average price of $822.89.

On 05/12/2022, Shopify Inc traded for a price of $344.02 per share and a market cap of $62,084,652,000. The stock has returned -71.30% over the past year.

GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 4 out of 10.

In terms of valuation, Shopify Inc has a price-earnings ratio of 515.44, a price-book ratio of 6.54, a EV-to-Ebitda ratio of 428.30 and a price-sales ratio of 13.45.

The price-to-GF Value ratio is 0.21, earning the stock a GF Value rank of 2.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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