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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
-2.29%
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
$2.7B
AUM Growth
-$1.19B
(-31%)
Cap. Flow
-$1.13B
Cap. Flow
% of AUM
-41.69%
Top 10 Holdings %
Top 10 Hldgs %
64.53%
Holding
66
New
32
Increased
5
Reduced
16
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$116M |
| 2 |
NBIS
Nebius Group N.V.
NBIS
|
+$87M |
| 3 |
Liberty Broadband Class C
LBRDK
|
+$83.2M |
| 4 |
Palo Alto Networks
PANW
|
+$35.3M |
| 5 |
Nice
NICE
|
+$32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pegasystems
PEGA
|
+$222M |
| 2 |
Fidelity National Information Services
FIS
|
+$193M |
| 3 |
WWE
World Wrestling Entertainment
WWE
|
+$165M |
| 4 |
Varonis Systems
VRNS
|
+$160M |
| 5 |
ZEN
ZENDESK INC
ZEN
|
+$147M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 44.59% |
| 2 | Communication Services | 32.82% |
| 3 | Consumer Discretionary | 9.37% |
| 4 | Healthcare | 7.34% |
| 5 | Financials | 0.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Liberty Broadband Class C
LBRDK
$4.72B
| $335M | 12.38% |
2,229,800
+549,648
| +33% | +$83.2M |
|
|
2
Palo Alto Networks
PANW
$260B
| $236M | 8.74% |
4,403,544
+593,544
| +16% | +$35.3M |
|
3
Uber
UBER
$144B
| $201M | 7.44% |
3,687,514
+287,514
| +8% | +$16M |
|
|
ZEN
4
DELISTED
ZENDESK INC
ZEN
| $189M | 6.98% |
1,423,802
-1,023,340
| -42% | -$147M |
|
5
Meta Platforms (Facebook)
META
$1.51T
| $162M | 6% |
551,000
-99,000
| -15% | -$26.7M |
|
|
ZNGA
6
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $156M | 5.78% |
15,300,000
-7,389,942
| -33% | -$77.2M |
|
|
7
Fidelity National Information Services
FIS
$23.2B
| $134M | 4.94% |
950,000
-1,410,000
| -60% | -$193M |
|
|
8
Booking.com
BKNG
$154B
| $122M | 4.5% |
+1,306,250
| New | +$116M |
|
|
PLAN
9
DELISTED
Anaplan, Inc.
PLAN
| $107M | 3.95% |
1,982,695
+150,747
| +8% | +$10.2M |
|
|
ZGNX
10
DELISTED
Zogenix, Inc.
ZGNX
| $103M | 3.81% |
5,270,350
-666
| -0% | -$13.7K |
|
11
Alphabet (Google) Class A
GOOGL
$4.08T
| $94.2M | 3.48% |
913,000
-87,000
| -9% | -$8.59M |
|
|
BPMC
12
DELISTED
Blueprint Medicines
BPMC
| $88.8M | 3.29% |
913,702
-145,748
| -14% | -$14.6M |
|
|
NBIS
13
Nebius Group N.V.
NBIS
$43.1B
| $83.3M | 3.08% |
+1,300,000
| New | +$87M |
|
14
Radware
RDWR
$1.19B
| $74.6M | 2.76% |
2,860,621
-1,520,332
| -35% | -$41.6M |
|
15
Netflix
NFLX
$301B
| $57.4M | 2.12% |
1,100,000
-900,000
| -45% | -$47.7M |
|
16
DoorDash
DASH
$85.2B
| $55.7M | 2.06% |
425,000
-240,000
| -36% | -$40.2M |
|
|
EB
17
DELISTED
Eventbrite
EB
| $50.4M | 1.86% |
2,273,100
-2,357,272
| -51% | -$47.4M |
|
18
Etsy
ETSY
$8.21B
| $44.4M | 1.64% |
220,000
-150,000
| -41% | -$31.4M |
|
19
Spotify
SPOT
$105B
| $42.9M | 1.59% |
160,000
+55,000
| +52% | +$17.1M |
|
|
OPTU
20
Optimum Communications Inc
OPTU
$298M
| $41.7M | 1.54% |
1,282,000
-1,218,000
| -49% | -$42.4M |
|
|
21
Pegasystems
PEGA
$4.85B
| $40M | 1.48% |
698,826
-3,391,830
| -83% | -$222M |
|
22
Wayfair
W
$12.5B
| $31.5M | 1.16% |
100,000
-50,000
| -33% | -$14.8M |
|
|
23
Nice
NICE
$5.94B
| $27.9M | 1.03% |
+127,785
| New | +$32M |
|
|
ASZ.U
24
DELISTED
Austerlitz Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
ASZ.U
| $23.3M | 0.86% |
+2,325,000
| New | +$23.6M |
|
25
FIVE9
FIVN
$2.08B
| $22.5M | 0.83% |
+144,000
| New | +$24.6M |
|
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Cadian Capital Management's Q1 2021 Portfolio in Review
As of Q1 2021, Cadian Capital Management held 66 positions worth $2.7B, down 31% from $3.89B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Cadian Capital Management withdrew a net $1.13B in Q1 2021, closing 13 positions and reducing 16 holdings. Its most notable exit was World Wrestling Entertainment, an estimated $165M position sold in full.
By sector, the portfolio is most concentrated in Technology at 45% of assets, down from 55% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Cadian Capital Management opened a new position in Booking.com worth $122M.
- Cadian Capital Management's largest Q1 2021 buy was Booking.com: 1,306,250 shares worth $122M.
- Cadian Capital Management added most to Liberty Broadband Class C in Q1 2021, an estimated $83.2M increase.
- Cadian Capital Management's biggest Q1 2021 reduction was Pegasystems, cutting an estimated $222M.
- Cadian Capital Management fully exited World Wrestling Entertainment in Q1 2021, selling an estimated $165M.
- Cadian Capital Management's ten largest holdings make up 65% of its $2.7B portfolio in Q1 2021.
- Cadian Capital Management opened 32 new positions and closed 13 in Q1 2021.
- Cadian Capital Management's portfolio value fell 31% quarter-over-quarter to $2.7B.
Based on Cadian Capital Management's 13F filing for Q1 2021, filed 14 May 2021.