# Crescat Portfolio Management LLC

Crescat Portfolio Management LLC is a RIA based in Denver, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Denver, United States
- **Region:** North America
- **Address:** Denver, CO, United States
- **Founded:** 1998
- **Assets under management:** $1B–$5B (Altss estimate)
- **Website:** crescat.net
- **LinkedIn:** https://www.linkedin.com/company/crescatkevin

## Regulatory record

- **CRD number:** 139620
- **SEC file number:** 801-69008
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/139620

## About

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.

## Sectors

- Natural Resources
- Gold & Precious Metals
- Energy
- Macro

## People

- Kevin C. Smith — CEO & Chief Investment Officer
- Tavi Costa — Portfolio Manager

## Questions

### 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).

### 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).

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/crescat-portfolio-management-llc

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