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CCM

Cadian Capital Management Portfolio holdings

AUM $821M
1-Year Est. Return 14.36%
This Fund
S&P 500
This Quarter Est. Return
-1.86%
1 Year Est. Return
-14.36%
3 Year Est. Return
+4.6%
5 Year Est. Return
+8.64%
10 Year Est. Return
+282.79%
AUM
$1.64B
AUM Growth
-$496M
Cap. Flow
-$418M
Cap. Flow %
-25.49%
Top 10 Hldgs %
72.02%
Holding
44
New
2
Increased
11
Reduced
11
Closed
18

Top Buys

Rank Stock Value
1
ZGNX
Zogenix, Inc.
ZGNX
+$59.4M
2
BKNG icon
Booking.com
BKNG
+$53.4M
3
PTLA
Portola Pharmaceuticals, Inc.
PTLA
+$18.1M
4
JAZZ icon
Jazz Pharmaceuticals
JAZZ
+$14.7M
5
NBIS
Nebius Group N.V.
NBIS
+$12.7M

Top Sells

Rank Stock Value
1
VRNS icon
Varonis Systems
VRNS
+$89.4M
2
ZAYO
Zayo Group Holdings, Inc.
ZAYO
+$46.5M
3
AABA
Altaba Inc
AABA
+$41.8M
4
ALXN
Alexion Pharmaceuticals
ALXN
+$34.4M
5
BABA icon
Alibaba
BABA
+$33.2M

Sector Composition

Rank Sector Weight
1 Technology 28.89%
2 Communication Services 26.49%
3 Healthcare 16.23%
4 Industrials 7.83%
5 Consumer Discretionary 4.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
26
DELISTED
Altaba Inc
AABA
$699K 0.04%
10,000
-600,000
-98% -$41.8M
BABA icon
27
Alibaba
BABA
$305B
– –
-192,000
Closed -$33.2M
BPMC
28
DELISTED
Blueprint Medicines
BPMC
– –
-313,965
Closed -$21.9M
COLL icon
29
Collegium Pharmaceutical
COLL
$1.15B
– –
-2,060,284
Closed -$21.6M
COR icon
30
Cencora
COR
$60B
– –
-48,000
Closed -$3.97M
EVH icon
31
Evolent Health
EVH
$353M
– –
-940,000
Closed -$16.7M
FOLD
32
DELISTED
Amicus Therapeutics
FOLD
– –
-400,000
Closed -$6.03M
GOOG icon
33
Alphabet (Google) Class C
GOOG
$4.59T
– –
-343,000
Closed -$16.4M
INCY icon
34
Incyte
INCY
$24.4B
– –
-88,100
Closed -$10.3M
LBRDK icon
35
Liberty Broadband Class C
LBRDK
$5.17B
– –
-341,976
Closed -$32.6M
PRO
36
DELISTED
PROS Holdings
PRO
– –
-790,084
Closed -$19.1M
SAGE
37
DELISTED
Sage Therapeutics
SAGE
– –
-107,561
Closed -$6.7M
TMUS icon
38
T-Mobile US
TMUS
$190B
– –
-519,298
Closed -$32M
VRNS icon
39
Varonis Systems
VRNS
$4.98B
– –
-6,402,129
Closed -$89.4M
NUVA
40
DELISTED
NuVasive, Inc.
NUVA
– –
-195,000
Closed -$10.8M
TLND
41
DELISTED
Talend S.A. American Depositary Shares
TLND
– –
-734,129
Closed -$30.1M
ALXN
42
DELISTED
Alexion Pharmaceuticals
ALXN
– –
-245,000
Closed -$34.4M
TSRO
43
DELISTED
TESARO, Inc.
TSRO
– –
-108,600
Closed -$14M
CUDA
44
DELISTED
Barracuda Networks, Inc.
CUDA
– –
-371,492
Closed -$9M
1
2

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Cadian Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Cadian Capital Management held 44 positions worth $1.64B, down 23% from $2.14B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Cadian Capital Management withdrew a net $418M in Q4 2017, closing 18 positions and reducing 11 holdings. Its most notable exit was Varonis Systems, an estimated $89.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 33% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Cadian Capital Management opened a new position in Zogenix, Inc. worth $61.9M.

  • Cadian Capital Management's largest Q4 2017 buy was Zogenix, Inc.: 1,545,605 shares worth $61.9M.
  • Cadian Capital Management added most to Portola Pharmaceuticals, Inc. in Q4 2017, an estimated $18.1M increase.
  • Cadian Capital Management's biggest Q4 2017 reduction was Zayo Group Holdings, Inc., cutting an estimated $46.5M.
  • Cadian Capital Management fully exited Varonis Systems in Q4 2017, selling an estimated $89.4M.
  • Cadian Capital Management's ten largest holdings make up 72% of its $1.64B portfolio in Q4 2017.
  • Cadian Capital Management opened 2 new positions and closed 18 in Q4 2017.
  • Cadian Capital Management's portfolio value fell 23% quarter-over-quarter to $1.64B.

Based on Cadian Capital Management's 13F filing for Q4 2017, filed 13 Feb 2018.