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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
+45.42%
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
$2.41B
AUM Growth
+$373M
(+18%)
Cap. Flow
-$490M
Cap. Flow
% of AUM
-20.38%
Top 10 Holdings %
Top 10 Hldgs %
71.93%
Holding
31
New
5
Increased
10
Reduced
8
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IAA
IAA, Inc. Common Stock
IAA
|
+$122M |
| 2 |
Fidelity National Information Services
FIS
|
+$95.1M |
| 3 |
PLAN
Anaplan, Inc.
PLAN
|
+$61.8M |
| 4 |
ZEN
ZENDESK INC
ZEN
|
+$55.5M |
| 5 |
CALY
Callaway Golf Company
CALY
|
+$41.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPLI
People Inc
PPLI
|
+$348M |
| 2 |
Etsy
ETSY
|
+$194M |
| 3 |
Wayfair
W
|
+$104M |
| 4 |
Spotify
SPOT
|
+$89.1M |
| 5 |
Palo Alto Networks
PANW
|
+$71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 50.56% |
| 2 | Communication Services | 30.56% |
| 3 | Consumer Discretionary | 13.98% |
| 4 | Healthcare | 4.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ZEN
1
DELISTED
ZENDESK INC
ZEN
| $242M | 10.08% |
2,738,584
+721,084
| +36% | +$55.5M |
|
2
Varonis Systems
VRNS
$4.67B
| $228M | 9.5% |
7,744,932
+783,087
| +11% | +$19.6M |
|
|
3
Fidelity National Information Services
FIS
$24.2B
| $216M | 8.97% |
1,609,000
+724,000
| +82% | +$95.1M |
|
|
PPLI
4
People Inc
PPLI
$3.12B
| $199M | 8.29% |
3,449,188
-7,834,623
| -69% | -$348M |
|
|
WWE
5
DELISTED
World Wrestling Entertainment
WWE
| $162M | 6.73% |
3,723,449
+483,449
| +15% | +$20.8M |
|
6
Pegasystems
PEGA
$5.09B
| $158M | 6.55% |
3,115,308
+649,958
| +26% | +$28.2M |
|
7
Meta Platforms (Facebook)
META
$1.49T
| $148M | 6.14% |
650,000
-182,000
| -22% | -$38M |
|
|
8
Etsy
ETSY
$8.12B
| $138M | 5.74% |
1,300,000
-2,628,079
| -67% | -$194M |
|
|
IAA
9
DELISTED
IAA, Inc. Common Stock
IAA
| $126M | 5.25% |
+3,276,994
| New | +$122M |
|
|
ZNGA
10
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $113M | 4.7% |
11,850,000
-3,632,009
| -23% | -$29.8M |
|
11
Uber
UBER
$145B
| $103M | 4.26% |
3,300,000
-1,236,855
| -27% | -$38.5M |
|
|
BPMC
12
DELISTED
Blueprint Medicines
BPMC
| $93.4M | 3.88% |
1,197,989
-28,107
| -2% | -$1.9M |
|
13
Radware
RDWR
$983M
| $89.6M | 3.72% |
3,798,031
+11,955
| +0.3% | +$274K |
|
14
Charter Communications
CHTR
$17.3B
| $89.3M | 3.71% |
175,000
+45,000
| +35% | +$22.8M |
|
|
PLAN
15
DELISTED
Anaplan, Inc.
PLAN
| $66.8M | 2.78% |
+1,475,000
| New | +$61.8M |
|
|
CALY
16
Callaway Golf Company
CALY
$3.28B
| $52M | 2.16% |
+2,971,617
| New | +$41.3M |
|
|
EB
17
DELISTED
Eventbrite
EB
| $49M | 2.04% |
5,718,819
+1,839,187
| +47% | +$16.2M |
|
18
Alphabet (Google) Class A
GOOGL
$4.12T
| $40.1M | 1.67% |
566,000
+66,000
| +13% | +$4.45M |
|
19
Liberty Broadband Class C
LBRDK
$4.89B
| $27.3M | 1.13% |
+220,000
| New | +$27.6M |
|
|
ZGNX
20
DELISTED
Zogenix, Inc.
ZGNX
| $24M | 1% |
886,895
+371,795
| +72% | +$10.3M |
|
|
21
Spotify
SPOT
$108B
| $20.7M | 0.86% |
80,000
-520,000
| -87% | -$89.1M |
|
|
22
Wayfair
W
$11.8B
| $19.8M | 0.82% |
100,000
-695,175
| -87% | -$104M |
|
23
Moderna
MRNA
$21.6B
| $642K | 0.03% |
+10,000
| New | +$548K |
|
24
Booking.com
BKNG
$156B
| – | – |
-175,000
| Closed | -$9.42M |
|
25
Guidewire Software
GWRE
$13.9B
| – | – |
-61,885
| Closed | -$4.91M |
|
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Cadian Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Cadian Capital Management held 31 positions worth $2.41B, up 18% from $2.03B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Cadian Capital Management withdrew a net $490M in Q2 2020, closing 8 positions and reducing 8 holdings. Its most notable exit was Palo Alto Networks, an estimated $71M position sold in full.
By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 44% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Cadian Capital Management opened a new position in IAA, Inc. Common Stock worth $126M.
- Cadian Capital Management's largest Q2 2020 buy was IAA, Inc. Common Stock: 3,276,994 shares worth $126M.
- Cadian Capital Management added most to Fidelity National Information Services in Q2 2020, an estimated $95.1M increase.
- Cadian Capital Management's biggest Q2 2020 reduction was People Inc, cutting an estimated $348M.
- Cadian Capital Management fully exited Palo Alto Networks in Q2 2020, selling an estimated $71M.
- Cadian Capital Management's ten largest holdings make up 72% of its $2.41B portfolio in Q2 2020.
- Cadian Capital Management opened 5 new positions and closed 8 in Q2 2020.
- Cadian Capital Management's portfolio value rose 18% quarter-over-quarter to $2.41B.
Based on Cadian Capital Management's 13F filing for Q2 2020, filed 13 Aug 2020.