CCM
Cadian Capital Management Portfolio holdings
AUM
$1.32B
Turnover
40.63%
1-Year Est. Return
4.19%
This Fund
S&P 500
This Quarter
Est. Return
+1.45%
1 Year Est. Return
+4.19%
3 Year Est. Return
+19.53%
5 Year Est. Return
+29.99%
10 Year Est. Return
+331.01%
AUM
$3.4B
AUM Growth
-$317M
(-8.5%)
Cap. Flow
-$222M
Cap. Flow
% of AUM
-6.53%
Top 10 Holdings %
Top 10 Hldgs %
53.82%
Holding
115
New
32
Increased
29
Reduced
17
Closed
34
Avg Time Held Equity + Options
0.5
years
Top 10 Avg Time Held Equity + Options
0.7
years
Top 20 Avg Time Held Equity + Options
0.7
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$202M |
| 2 |
LNKD
LinkedIn Corporation
LNKD
|
+$127M |
| 3 |
PROS Holdings
PRO
|
+$48.8M |
| 4 |
Vipshop
VIPS
|
+$46.8M |
| 5 |
Varonis Systems
VRNS
|
+$41.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Altera Corp
ALTR
|
+$335M |
| 2 |
Liberty Global Class C
LBTYK
|
+$164M |
| 3 |
Groupon
GRPN
|
+$85.4M |
| 4 |
QLIK
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
|
+$82M |
| 5 |
LTRPA
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
|
+$76.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.74% |
| 2 | Miscellaneous | 19.64% |
| 3 | Communication Services | 16.45% |
| 4 | Healthcare | 12.16% |
| 5 | Consumer Discretionary | 10.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Micron Technology
MU
$1.03T
| $270M | 7.95% |
14,329,785
+425,972
| +3% | +$11.4M |
2013 Q3
7 quarters
|
|
|
PMCS
2
DELISTED
P M C SIERRA INC
PMCS
| $254M | 7.48% |
29,683,246
+1,058,297
| +4% | +$9.45M |
2013 Q2
8 quarters
|
|
|
TWC
3
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $217M | 6.4% |
+1,220,000
| New | +$202M |
2015 Q2
0 quarters
|
|
|
QLIK
4
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $208M | 6.13% |
5,955,955
-2,316,323
| -28% | -$82M |
2013 Q2
8 quarters
|
|
5
DELISTED
Verint Systems
VRNT
| $204M | 6.01% |
6,595,935
+845,966
| +15% | +$27.3M |
2013 Q2
8 quarters
|
|
6
People Inc
PPLI
$3.02B
| $164M | 4.83% |
11,537,115
-963,238
| -8% | -$12.8M |
2014 Q3
3 quarters
|
|
|
EFII
7
DELISTED
Electronics for Imaging
EFII
| $135M | 3.98% |
3,106,858
+696,432
| +29% | +$30M |
2013 Q2
8 quarters
|
|
8
DELISTED
Infoblox Inc
BLOX
| $133M | 3.92% |
5,079,533
+401,722
| +9% | +$10.1M |
2014 Q1
5 quarters
|
|
|
9
CALL
Micron Technology
MU
$1.03T
| $124M | 3.66% |
+6,600,000
| New | +$176M |
2015 Q2
0 quarters
|
|
|
LNKD
10
DELISTED
LinkedIn Corporation
LNKD
| $118M | 3.47% |
+571,000
| New | +$127M |
2015 Q2
0 quarters
|
|
|
11
Vipshop
VIPS
$6.11B
| $94.8M | 2.79% |
4,260,352
+1,765,552
| +71% | +$46.8M |
2014 Q3
3 quarters
|
|
12
Illumina
ILMN
$41B
| $87.1M | 2.56% |
410,197
+113,080
| +38% | +$22.1M |
2014 Q1
5 quarters
|
|
|
SHPG
13
DELISTED
Shire pic
SHPG
| $72.4M | 2.13% |
300,000
-19,900
| -6% | -$4.94M |
2014 Q3
3 quarters
|
|
|
AET
14
DELISTED
Aetna Inc
AET
| $61.2M | 1.8% |
480,000
+155,000
| +48% | +$17.7M |
2015 Q1
1 quarter
|
|
15
Pegasystems
PEGA
$5.56B
| $59.1M | 1.74% |
5,167,428
+2,801,582
| +118% | +$31M |
2014 Q4
2 quarters
|
|
|
LOGM
16
DELISTED
LogMein, Inc.
LOGM
| $58.9M | 1.73% |
912,691
-509,797
| -36% | -$32M |
2013 Q2
8 quarters
|
|
|
17
Liberty Global Class C
LBTYK
$2.74B
| $57.5M | 1.69% |
1,404,189
-3,961,014
| -74% | -$164M |
2013 Q2
8 quarters
|
|
18
Canadian Pacific Kansas City
CP
$75.7B
| $50.6M | 1.49% |
1,578,750
+102,500
| +7% | +$3.66M |
2014 Q4
2 quarters
|
|
19
Ambarella
AMBA
$2.71B
| $48.3M | 1.42% |
+470,000
| New | +$41.1M |
2015 Q2
0 quarters
|
|
|
20
DELISTED
PROS Holdings
PRO
| $47.2M | 1.39% |
+2,238,086
| New | +$48.8M |
2015 Q2
0 quarters
|
|
21
Strategy Inc
MSTR
$60.7B
| $46.8M | 1.38% |
2,750,000
+650,000
| +31% | +$11.4M |
2015 Q1
1 quarter
|
|
22
BioMarin Pharmaceuticals
BMRN
$10.7B
| $43.8M | 1.29% |
320,000
-5,000
| -2% | -$620K |
2014 Q4
2 quarters
|
|
23
Equinix
EQIX
$98.3B
| $41.8M | 1.23% |
164,681
+50,000
| +44% | +$12.8M |
2015 Q1
1 quarter
|
|
|
24
Varonis Systems
VRNS
$5.41B
| $38.5M | 1.13% |
+5,230,368
| New | +$41.2M |
2015 Q2
0 quarters
|
|
25
Workiva
WK
$3.95B
| $35.6M | 1.05% |
2,577,592
+60,304
| +2% | +$845K |
2014 Q4
2 quarters
|
|
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Cadian Capital Management's Q2 2015 Portfolio in Review
As of Q2 2015, Cadian Capital Management held 115 positions worth $3.4B, down 8.5% from $3.71B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Cadian Capital Management withdrew a net $222M in Q2 2015, closing 34 positions and reducing 17 holdings. Its most notable exit was Altera Corp, an estimated $335M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Miscellaneous and Communication Services.
Against the trend, Cadian Capital Management opened a new position in TIME WARNER CABLE INC NEW COM STK worth $217M.
- Cadian Capital Management's largest Q2 2015 buy was TIME WARNER CABLE INC NEW COM STK: 1,220,000 shares worth $217M.
- Cadian Capital Management added most to Vipshop in Q2 2015, an estimated $46.8M increase.
- Cadian Capital Management's biggest Q2 2015 reduction was Liberty Global Class C, cutting an estimated $164M.
- Cadian Capital Management fully exited Altera Corp in Q2 2015, selling an estimated $335M.
- Cadian Capital Management's ten largest holdings make up 54% of its $3.4B portfolio in Q2 2015.
- Cadian Capital Management opened 32 new positions and closed 34 in Q2 2015.
- Cadian Capital Management's portfolio value fell 8.5% quarter-over-quarter to $3.4B.
Based on Cadian Capital Management's 13F filing for Q2 2015, filed 13 Aug 2015.