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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
+31.56%
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
$1.61B
AUM Growth
+$227M
(+16%)
Cap. Flow
-$120M
Cap. Flow
% of AUM
-7.49%
Top 10 Holdings %
Top 10 Hldgs %
81.9%
Holding
37
New
6
Increased
7
Reduced
7
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Palo Alto Networks
PANW
|
+$32.8M |
| 2 |
Pegasystems
PEGA
|
+$26.6M |
| 3 |
Procore
PCOR
|
+$25.3M |
| 4 |
Hyatt Hotels
H
|
+$24.6M |
| 5 |
Microsoft
MSFT
|
+$23.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$131M |
| 2 |
COUP
Coupa Software Incorporated
COUP
|
+$105M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$29.3M |
| 4 |
New York Times
NYT
|
+$14.7M |
| 5 |
Varonis Systems
VRNS
|
+$11.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 73% |
| 2 | Communication Services | 17.21% |
| 3 | Consumer Discretionary | 5.48% |
| 4 | Financials | 2.39% |
| 5 | Healthcare | 1.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Palo Alto Networks
PANW
$256B
| $255M | 15.9% |
2,556,552
+386,600
| +18% | +$32.8M |
|
2
Braze
BRZE
$3.02B
| $193M | 12.02% |
5,584,131
+408,332
| +8% | +$12.7M |
|
3
HubSpot
HUBS
$12.9B
| $188M | 11.72% |
438,850
-15,753
| -3% | -$5.75M |
|
|
4
Pegasystems
PEGA
$5.09B
| $147M | 9.14% |
6,057,362
+1,263,630
| +26% | +$26.6M |
|
|
5
Alphabet (Google) Class A
GOOGL
$4.12T
| $114M | 7.12% |
1,102,318
-305,000
| -22% | -$29.3M |
|
6
Uber
UBER
$145B
| $100M | 6.26% |
3,169,300
-294,645
| -9% | -$9.35M |
|
7
Sprinklr
CXM
$1.51B
| $99.4M | 6.19% |
7,673,555
-143,731
| -2% | -$1.46M |
|
|
8
New York Times
NYT
$12.6B
| $98.1M | 6.11% |
2,521,974
-400,000
| -14% | -$14.7M |
|
|
EB
9
DELISTED
Eventbrite
EB
| $63.9M | 3.98% |
7,451,088
-559,619
| -7% | -$4.61M |
|
10
Planet Fitness
PLNT
$4.45B
| $55.6M | 3.46% |
715,500
+195,000
| +37% | +$15.6M |
|
|
11
Varonis Systems
VRNS
$4.67B
| $50.5M | 3.14% |
1,940,000
-436,134
| -18% | -$11.4M |
|
12
Datadog
DDOG
$94B
| $49M | 3.05% |
675,000
+292,000
| +76% | +$21.4M |
|
|
13
Procore
PCOR
$7.57B
| $43.1M | 2.69% |
688,957
+431,957
| +168% | +$25.3M |
|
|
TCVA
14
DELISTED
TCV Acquisition Corp. Class A Ordinary Shares
TCVA
| $28.2M | 1.75% |
2,750,000
| – | – |
|
|
15
Microsoft
MSFT
$2.9T
| $26.8M | 1.67% |
+93,000
| New | +$23.7M |
|
|
16
Hyatt Hotels
H
$17.5B
| $25.2M | 1.57% |
+225,000
| New | +$24.6M |
|
|
GTM
17
ZoomInfo Technologies
GTM
$1.03B
| $19.5M | 1.22% |
+790,000
| New | +$20.3M |
|
18
Mirum Pharmaceuticals
MIRM
$6.56B
| $17.7M | 1.1% |
734,922
+357,548
| +95% | +$8.15M |
|
19
CryoPort
CYRX
$753M
| $13M | 0.81% |
+542,900
| New | +$11.8M |
|
|
TWOA
20
DELISTED
two
TWOA
| $10.3M | 0.64% |
1,000,000
| – | – |
|
21
Lucid Motors
LCID
$3.11B
| $3.82M | 0.24% |
+47,500
| New | +$4.22M |
|
22
GameStop
GME
$9.8B
| $3.45M | 0.22% |
+150,000
| New | +$2.99M |
|
|
AILEW
23
DELISTED
iLearningEngines, Inc. Warrant
AILEW
| $31.8K | ﹤0.01% |
250,000
| – | – |
|
|
NSTD.WS
24
DELISTED
Northern Star Investment Corp. IV Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share
NSTD.WS
| $11.9K | ﹤0.01% |
250,000
| – | – |
|
|
KRNLW
25
DELISTED
Kernel Group Holdings, Inc. Warrants
KRNLW
| $8.81K | ﹤0.01% |
75,000
| – | – |
|
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Cadian Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Cadian Capital Management held 37 positions worth $1.61B, up 16% from $1.38B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Cadian Capital Management withdrew a net $120M in Q1 2023, closing 11 positions and reducing 7 holdings. Its most notable exit was Booking.com, an estimated $131M position sold in full.
By sector, the portfolio is most concentrated in Technology at 73% of assets, up from 62% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Cadian Capital Management opened a new position in Hyatt Hotels worth $25.2M.
- Cadian Capital Management's largest Q1 2023 buy was Hyatt Hotels: 225,000 shares worth $25.2M.
- Cadian Capital Management added most to Palo Alto Networks in Q1 2023, an estimated $32.8M increase.
- Cadian Capital Management's biggest Q1 2023 reduction was Alphabet (Google) Class A, cutting an estimated $29.3M.
- Cadian Capital Management fully exited Booking.com in Q1 2023, selling an estimated $131M.
- Cadian Capital Management's ten largest holdings make up 82% of its $1.61B portfolio in Q1 2023.
- Cadian Capital Management opened 6 new positions and closed 11 in Q1 2023.
- Cadian Capital Management's portfolio value rose 16% quarter-over-quarter to $1.61B.
Based on Cadian Capital Management's 13F filing for Q1 2023, filed 15 May 2023.