Asset ManagerRIA · CRD 139620SEC-RegisteredPrivate Fund Adviser

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Crescat Portfolio Management LLC

CRESCAT PORTFOLIO MANAGEMENT LLC is an SEC-registered investment adviser in DENVER, CO, registered since 2008. The firm manages approximately $536 million in...

Crescat Portfolio Management LLC

CRESCAT PORTFOLIO MANAGEMENT LLC is an SEC-registered investment adviser in DENVER, CO, registered since 2008. The firm manages approximately $536 million in regulatory assets. It employs 10 staff and 6 investment advisers.

General information

Firm type

RIA

Year founded

1998

AUM

$1B–$5B (Altss estimate)

Location

Region

North America

Country

United States

City

Denver

Corporate office

Denver, CO, United States

Principals

Kevin C. Smith

CEO & Chief Investment Officer

Tavi Costa

Portfolio Manager

Sector focus

Natural ResourcesGold & Precious MetalsEnergyMacro

Frequently asked questions

Who makes investment decisions at Crescat?

Kevin C. Smith, as CEO and CIO, leads the investment team. Portfolio manager Tavi Costa is also a decision-maker. Both are publicly active in the firm's research output (per public record).

Does Crescat manage capital for external clients or only for the founding family?

Crescat operates as an SEC-registered RIA managing capital for external clients, not as a single-family office. It offers separately managed accounts and pooled vehicles (per public regulatory filings).

What is Crescat's core investment thesis?

The firm is macro-driven and heavily bullish on precious metals, natural resources, and energy while shorting what it considers overvalued equities. It advocates for gold as a reserve asset and publishes detailed macro research to support this view (per Crescat's public letters).

Does Crescat engage in direct co-investments or only public market investing?

Crescat primarily invests in publicly traded equities, ETFs, and derivatives. It does not typically participate in private co-investments or venture deals (per public record).

How does Crescat source its proprietary research?

The firm maintains an in-house macro research team that produces quarterly letters, white papers, and market commentaries. This research is published publicly and serves as both marketing and investment discipline (per Crescat's website).

Is Crescat related to any other investment firms?

Crescat appears to operate independently with no disclosed corporate parent or sibling firms. It is not linked to a larger multi-family office or institutional platform (per public record).

Does Crescat have any involvement in philanthropic foundations?

Crescat has not disclosed any affiliated philanthropic vehicles. The firm focuses solely on its investment management business (per public record).

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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