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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
+15.83%
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
$2.51B
AUM Growth
+$25.9M
(+1%)
Cap. Flow
-$319M
Cap. Flow
% of AUM
-12.7%
Top 10 Holdings %
Top 10 Hldgs %
69.66%
Holding
41
New
9
Increased
11
Reduced
9
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lithia Motors
LAD
|
+$87.8M |
| 2 |
IQVIA
IQV
|
+$62.2M |
| 3 |
Sprinklr
CXM
|
+$46.1M |
| 4 |
Bath & Body Works
BBWI
|
+$45.6M |
| 5 |
Criteo
CRTO
|
+$45.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Palo Alto Networks
PANW
|
+$250M |
| 2 |
GTM
ZoomInfo Technologies
GTM
|
+$160M |
| 3 |
Pegasystems
PEGA
|
+$91.3M |
| 4 |
Braze
BRZE
|
+$86.5M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$82.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 43.45% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 18.84% |
| 4 | Communication Services | 8.04% |
| 5 | Industrials | 2.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Planet Fitness
PLNT
$4.45B
| $323M | 12.88% |
4,430,368
+386,861
| +10% | +$23.8M |
|
|
CTLT
2
DELISTED
CATALENT, INC.
CTLT
| $272M | 10.85% |
6,064,384
+759,600
| +14% | +$30.7M |
|
3
Procore
PCOR
$7.57B
| $257M | 10.25% |
3,718,341
+692,218
| +23% | +$42.7M |
|
4
HubSpot
HUBS
$12.9B
| $200M | 7.96% |
344,157
+6,940
| +2% | +$3.34M |
|
|
5
Sprinklr
CXM
$1.51B
| $175M | 6.98% |
14,560,167
+3,355,566
| +30% | +$46.1M |
|
6
Varonis Systems
VRNS
$4.67B
| $143M | 5.68% |
3,151,180
-423,154
| -12% | -$15.9M |
|
|
7
Criteo
CRTO
$1.14B
| $107M | 4.28% |
4,239,314
+1,751,511
| +70% | +$45.5M |
|
|
8
Lithia Motors
LAD
$9.75B
| $105M | 4.2% |
+320,000
| New | +$87.8M |
|
|
9
Braze
BRZE
$3.02B
| $84.9M | 3.38% |
1,598,830
-1,749,008
| -52% | -$86.5M |
|
|
10
Palo Alto Networks
PANW
$256B
| $79.8M | 3.18% |
541,432
-1,867,920
| -78% | -$250M |
|
11
New York Times
NYT
$12.6B
| $78.8M | 3.14% |
1,609,373
-790,627
| -33% | -$34.9M |
|
12
Hyatt Hotels
H
$17.5B
| $75.9M | 3.02% |
581,800
-40,000
| -6% | -$4.54M |
|
|
CMRC
13
Commerce.com Inc Series 1
CMRC
$272M
| $73.5M | 2.93% |
7,553,280
+904,750
| +14% | +$8.41M |
|
|
14
Pegasystems
PEGA
$5.09B
| $72.2M | 2.88% |
2,957,392
-3,905,064
| -57% | -$91.3M |
|
|
15
IQVIA
IQV
$40.7B
| $70.1M | 2.79% |
+303,000
| New | +$62.2M |
|
|
16
Bath & Body Works
BBWI
$3.97B
| $58.3M | 2.32% |
+1,350,000
| New | +$45.6M |
|
17
Mirum Pharmaceuticals
MIRM
$6.56B
| $57.1M | 2.28% |
1,934,922
+500,000
| +35% | +$15.1M |
|
18
CryoPort
CYRX
$753M
| $53.7M | 2.14% |
3,464,079
+807,340
| +30% | +$10.5M |
|
|
LSXMK
19
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $50.4M | 2.01% |
1,751,008
+495,000
| +39% | +$13M |
|
|
LSXMA
20
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $42.4M | 1.69% |
1,474,376
+384,000
| +35% | +$10.1M |
|
21
MaxCyte
MXCT
$108M
| $26.5M | 1.06% |
+5,644,898
| New | +$22M |
|
22
Tactile Systems Technology
TCMD
$618M
| $25M | 0.99% |
+1,745,000
| New | +$21.9M |
|
23
Guardant Health
GH
$19.1B
| $19.2M | 0.77% |
+710,000
| New | +$18.6M |
|
24
Aurora
AUR
$11.7B
| $17.9M | 0.71% |
+4,099,260
| New | +$10.2M |
|
|
25
Alphabet (Google) Class A
GOOGL
$4.12T
| $15.6M | 0.62% |
111,818
-613,000
| -85% | -$82.4M |
|
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Cadian Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Cadian Capital Management held 41 positions worth $2.51B, up 1% from $2.48B the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Cadian Capital Management withdrew a net $319M in Q4 2023, closing 10 positions and reducing 9 holdings. Its most notable exit was ZoomInfo Technologies, an estimated $160M position sold in full.
By sector, the portfolio is most concentrated in Technology at 43% of assets, down from 62% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Cadian Capital Management opened a new position in Lithia Motors worth $105M.
- Cadian Capital Management's largest Q4 2023 buy was Lithia Motors: 320,000 shares worth $105M.
- Cadian Capital Management added most to Sprinklr in Q4 2023, an estimated $46.1M increase.
- Cadian Capital Management's biggest Q4 2023 reduction was Palo Alto Networks, cutting an estimated $250M.
- Cadian Capital Management fully exited ZoomInfo Technologies in Q4 2023, selling an estimated $160M.
- Cadian Capital Management's ten largest holdings make up 70% of its $2.51B portfolio in Q4 2023.
- Cadian Capital Management opened 9 new positions and closed 10 in Q4 2023.
- Cadian Capital Management's portfolio value rose 1% quarter-over-quarter to $2.51B.
Based on Cadian Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.