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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
+2.54%
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
$2.81B
AUM Growth
+$302M
Cap. Flow
+$230M
Cap. Flow %
8.18%
Top 10 Hldgs %
66.96%
Holding
41
New
10
Increased
12
Reduced
11
Closed
5

Top Buys

Rank Stock Value
1
BRZE icon
Braze
BRZE
+$158M
2
RELY icon
Remitly
RELY
+$123M
3
GH icon
Guardant Health
GH
+$109M
4
PLNT icon
Planet Fitness
PLNT
+$82.5M
5
ESTC icon
Elastic
ESTC
+$75.8M

Top Sells

Rank Stock Value
1
CTLT
CATALENT, INC.
CTLT
+$154M
2
HUBS icon
HubSpot
HUBS
+$81.1M
3
IQV icon
IQVIA
IQV
+$70.1M
4
PCOR icon
Procore
PCOR
+$67M
5
PANW icon
Palo Alto Networks
PANW
+$66.8M

Sector Composition

Rank Sector Weight
1 Technology 45.63%
2 Consumer Discretionary 21.86%
3 Healthcare 17.47%
4 Communication Services 9.22%
5 Industrials 3.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PLNT icon
1
Planet Fitness
PLNT
$4.49B
$355M 12.61%
5,664,237
+1,233,869
+28% +$82.5M
PCOR icon
2
Procore
PCOR
$7.58B
$231M 8.23%
2,816,279
-902,062
-24% -$67M
BRZE icon
3
Braze
BRZE
$2.95B
$201M 7.14%
4,533,816
+2,934,986
+184% +$158M
VRNS icon
4
Varonis Systems
VRNS
$4.77B
$188M 6.7%
3,992,029
+840,849
+27% +$40M
CRTO icon
5
Criteo
CRTO
$1.11B
$184M 6.55%
5,253,948
+1,014,634
+24% +$30.4M
CTLT
6
DELISTED
CATALENT, INC.
CTLT
$182M 6.48%
3,225,834
-2,838,550
-47% -$154M
CXM icon
7
Sprinklr
CXM
$1.52B
$157M 5.58%
12,783,324
-1,776,843
-12% -$22.6M
RELY icon
8
Remitly
RELY
$4.94B
$134M 4.77%
+6,466,001
New +$123M
HUBS icon
9
HubSpot
HUBS
$12.9B
$131M 4.66%
209,207
-134,950
-39% -$81.1M
GH icon
10
Guardant Health
GH
$19.4B
$120M 4.25%
5,792,779
+5,082,779
+716% +$109M
LAD icon
11
Lithia Motors
LAD
$9.85B
$96.3M 3.42%
320,000
– –
CYRX icon
12
CryoPort
CYRX
$759M
$85.8M 3.05%
4,847,769
+1,383,690
+40% +$21.9M
USFD icon
13
US Foods
USFD
$22.7B
$77.7M 2.76%
1,440,000
+1,145,000
+388% +$56.4M
OMCL icon
14
Omnicell
OMCL
$1.98B
$67.8M 2.41%
2,320,571
+2,255,571
+3,470% +$68.4M
ESTC icon
15
Elastic
ESTC
$6.76B
$66M 2.35%
+658,000
New +$75.8M
MIRM icon
16
Mirum Pharmaceuticals
MIRM
$6.69B
$57.6M 2.05%
2,292,567
+357,645
+18% +$9.83M
PEGA icon
17
Pegasystems
PEGA
$5.07B
$56.9M 2.02%
1,760,000
-1,197,392
-40% -$33.6M
BBWI icon
18
Bath & Body Works
BBWI
$3.97B
$52.5M 1.87%
1,050,000
-300,000
-22% -$13.5M
CMRC
19
Commerce.com Inc Series 1
CMRC
$270M
$52M 1.85%
7,553,280
– –
NYT icon
20
New York Times
NYT
$12.5B
$50.4M 1.79%
1,166,830
-442,543
-27% -$20.1M
H icon
21
Hyatt Hotels
H
$17.5B
$47.4M 1.68%
296,800
-285,000
-49% -$40.1M
TCMD icon
22
Tactile Systems Technology
TCMD
$622M
$31.3M 1.11%
1,928,031
+183,031
+10% +$2.77M
AUR icon
23
Aurora
AUR
$12.3B
$30.1M 1.07%
10,690,781
+6,591,521
+161% +$18.9M
SMAR
24
DELISTED
Smartsheet Inc.
SMAR
$29.3M 1.04%
+760,000
New +$33.2M
MXCT icon
25
MaxCyte
MXCT
$110M
$27.5M 0.98%
6,560,484
+915,586
+16% +$4.3M
1
2

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DI
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VT
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ACM
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MA
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BC
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SCM
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FPCP
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Cadian Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Cadian Capital Management held 41 positions worth $2.81B, up 12% from $2.51B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Cadian Capital Management deployed $230M of net new capital in Q1 2024, opening 10 new positions and adding to 12 existing holdings. Its largest new stake was Remitly: 6,466,001 shares worth $134M.

By sector, the portfolio is most concentrated in Technology at 46% of assets, up from 43% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was CATALENT, INC., an estimated $154M trimmed.

  • Cadian Capital Management's largest Q1 2024 buy was Remitly: 6,466,001 shares worth $134M.
  • Cadian Capital Management added most to Braze in Q1 2024, an estimated $158M increase.
  • Cadian Capital Management's biggest Q1 2024 reduction was CATALENT, INC., cutting an estimated $154M.
  • Cadian Capital Management fully exited IQVIA in Q1 2024, selling an estimated $70.1M.
  • Cadian Capital Management's ten largest holdings make up 67% of its $2.81B portfolio in Q1 2024.
  • Cadian Capital Management opened 10 new positions and closed 5 in Q1 2024.
  • Cadian Capital Management's portfolio value rose 12% quarter-over-quarter to $2.81B.

Based on Cadian Capital Management's 13F filing for Q1 2024, filed 15 May 2024.