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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
+10.07%
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
$2.12B
AUM Growth
+$510M
(+32%)
Cap. Flow
+$280M
Cap. Flow
% of AUM
13.25%
Top 10 Holdings %
Top 10 Hldgs %
72.27%
Holding
33
New
7
Increased
11
Reduced
8
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procore
PCOR
|
+$123M |
| 2 |
CTLT
CATALENT, INC.
CTLT
|
+$122M |
| 3 |
GTM
ZoomInfo Technologies
GTM
|
+$91M |
| 4 |
Planet Fitness
PLNT
|
+$58.2M |
| 5 |
CMRC
Commerce.com Inc Series 1
CMRC
|
+$42.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HubSpot
HUBS
|
+$79M |
| 2 |
Palo Alto Networks
PANW
|
+$68.1M |
| 3 |
EB
Eventbrite
EB
|
+$56M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$38.5M |
| 5 |
Braze
BRZE
|
+$30.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 72.13% |
| 2 | Communication Services | 11.73% |
| 3 | Consumer Discretionary | 8.16% |
| 4 | Healthcare | 7.43% |
| 5 | Industrials | 0.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Palo Alto Networks
PANW
$256B
| $243M | 11.49% |
1,902,352
-654,200
| -26% | -$68.1M |
|
|
2
Braze
BRZE
$3.02B
| $205M | 9.7% |
4,684,768
-899,363
| -16% | -$30.6M |
|
|
3
Procore
PCOR
$7.57B
| $180M | 8.53% |
2,773,123
+2,084,166
| +303% | +$123M |
|
4
Pegasystems
PEGA
$5.09B
| $172M | 8.13% |
6,974,702
+917,340
| +15% | +$21.3M |
|
|
5
HubSpot
HUBS
$12.9B
| $144M | 6.8% |
270,350
-168,500
| -38% | -$79M |
|
6
Sprinklr
CXM
$1.51B
| $135M | 6.39% |
9,769,694
+2,096,139
| +27% | +$27.1M |
|
|
CTLT
7
DELISTED
CATALENT, INC.
CTLT
| $120M | 5.69% |
+2,778,034
| New | +$122M |
|
|
GTM
8
ZoomInfo Technologies
GTM
$1.03B
| $118M | 5.56% |
4,634,615
+3,844,615
| +487% | +$91M |
|
9
New York Times
NYT
$12.6B
| $108M | 5.11% |
2,746,974
+225,000
| +9% | +$8.56M |
|
|
10
Planet Fitness
PLNT
$4.45B
| $103M | 4.87% |
1,527,500
+812,000
| +113% | +$58.2M |
|
11
Uber
UBER
$145B
| $102M | 4.82% |
2,359,800
-809,500
| -26% | -$30.1M |
|
|
12
Alphabet (Google) Class A
GOOGL
$4.12T
| $91.9M | 4.34% |
767,818
-334,500
| -30% | -$38.5M |
|
13
Varonis Systems
VRNS
$4.67B
| $70.8M | 3.34% |
2,655,000
+715,000
| +37% | +$17.9M |
|
14
Hyatt Hotels
H
$17.5B
| $66.5M | 3.14% |
580,000
+355,000
| +158% | +$40.1M |
|
15
Datadog
DDOG
$94B
| $53.6M | 2.53% |
545,000
-130,000
| -19% | -$10.9M |
|
|
CMRC
16
Commerce.com Inc Series 1
CMRC
$272M
| $50.5M | 2.39% |
+5,076,592
| New | +$42.3M |
|
17
Criteo
CRTO
$1.14B
| $37.1M | 1.75% |
+1,100,000
| New | +$35.5M |
|
18
Microsoft
MSFT
$2.9T
| $36.4M | 1.72% |
107,000
+14,000
| +15% | +$4.39M |
|
19
Mirum Pharmaceuticals
MIRM
$6.56B
| $32.7M | 1.55% |
1,264,922
+530,000
| +72% | +$14.1M |
|
20
CryoPort
CYRX
$753M
| $11.5M | 0.54% |
667,141
+124,241
| +23% | +$2.54M |
|
21
C3.ai
AI
$1.38B
| $8.38M | 0.4% |
+230,000
| New | +$6.48M |
|
22
AMC Entertainment Holdings
AMC
$2.45B
| $7.76M | 0.37% |
+176,300
| New | +$8.71M |
|
23
FIVE9
FIVN
$2.08B
| $7.01M | 0.33% |
+85,000
| New | +$5.71M |
|
|
NSTG
24
DELISTED
NanoString Technologies, Inc.
NSTG
| $4.05M | 0.19% |
+1,000,000
| New | +$7.38M |
|
|
EB
25
DELISTED
Eventbrite
EB
| $3.22M | 0.15% |
336,829
-7,114,259
| -95% | -$56M |
|
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Cadian Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Cadian Capital Management held 33 positions worth $2.12B, up 32% from $1.61B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Cadian Capital Management deployed $280M of net new capital in Q2 2023, opening 7 new positions and adding to 11 existing holdings. Its largest new stake was CATALENT, INC.: 2,778,034 shares worth $120M.
By sector, the portfolio is most concentrated in Technology at 72% of assets, down from 73% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was HubSpot, an estimated $79M trimmed.
- Cadian Capital Management's largest Q2 2023 buy was CATALENT, INC.: 2,778,034 shares worth $120M.
- Cadian Capital Management added most to Procore in Q2 2023, an estimated $123M increase.
- Cadian Capital Management's biggest Q2 2023 reduction was HubSpot, cutting an estimated $79M.
- Cadian Capital Management fully exited TCV Acquisition Corp. Class A Ordinary Shares in Q2 2023, selling an estimated $28.2M.
- Cadian Capital Management's ten largest holdings make up 72% of its $2.12B portfolio in Q2 2023.
- Cadian Capital Management opened 7 new positions and closed 3 in Q2 2023.
- Cadian Capital Management's portfolio value rose 32% quarter-over-quarter to $2.12B.
Based on Cadian Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.