# Crow's Nest Holdings LP

> Crow's Nest Holdings LP is an SEC-registered investment advisory firm in Richmond, VA, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 316652
- Filed as: CROW'S NEST HOLDINGS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Richmond, VA
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/316652
- AdvisorCensus page: https://advisorcensus.com/firm/crow-s-nest-holdings-lp-richmond-va-316652

## Quick answers

**How is Crow's Nest Holdings LP compensated?**
On its Form ADV (Item 5.E, October 2026), Crow's Nest Holdings LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**What does Crow's Nest Holdings LP's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1% to 1.2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Crow's Nest Holdings LP located?**
Crow's Nest Holdings LP's principal office is in Richmond, VA, according to its Form ADV.

**Is Crow's Nest Holdings LP registered with the SEC or a state?**
Crow's Nest Holdings LP is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 316652.

**How much does Crow's Nest Holdings LP manage?**
Crow's Nest Holdings LP reports $636,552,783 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Crow's Nest Holdings LP's assets and staff changed since 2022?**
In the Form ADV data for Crow's Nest Holdings LP: Regulatory assets under management: $204,449,908 in the October 2022 data and $636,552,783 in the October 2026 data, up 211%. Total employees: 3 in October 2022 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Crow's Nest Holdings LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Crow's Nest Holdings LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/316652

**What changed in Crow's Nest Holdings LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $819,262,061 to $636,552,783 (-22%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 1% to 1.2% a year (a range, as the brochure states it)

> Funds that are charged a management fee pay the fee in advance of each calendar quarter, at an annual rate between 1.0% and 1.20% of the value of each investor’s account as of the beginning of the applicable quarter.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $636,552,783
- Discretionary: $636,552,783
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $636,552,783 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (4 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $204,449,908 | 3 | May 2, 2022 |
| October 2023 | $505,692,048 | 4 | March 23, 2023 |
| October 2024 | $765,907,351 | 4 | March 26, 2024 |
| October 2025 | $819,262,061 | 4 | March 28, 2025 |
| October 2026 | $636,552,783 | 4 | March 31, 2026 |

Regulatory assets under management: $204,449,908 in the October 2022 data and $636,552,783 in the October 2026 data, up 211%.
Total employees: 3 in October 2022 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $819,262,061 to $636,552,783 (-22%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Crow's Nest Holdings LP (CRD 316652): Form ADV filing data as of October 2026.