Echo Street Capital Management’s Cadence Design Systems CDNS Stock Holding History

Echo Street Capital Management’s Portfolio CDNS Stock Details CDNS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2023 Q4	–	Sell	-550,812	Closed	-$129M	–	80
2023 Q3	$129M	Buy	550,812 +542,682	+6,675%	+$127M	1.2%	31
2023 Q2	$1.91M	Buy	+8,130	New	+$1.77M	0.02%	95
2023 Q1	–	Sell	-3,125	Closed	-$502K	–	505
2022 Q4	$502K	Sell	3,125 -353,521	-99%	-$56.5M	﹤0.01%	281
2022 Q3	$58.3M	Sell	356,646 -282,663	-44%	-$48.6M	0.56%	68
2022 Q2	$95.9M	Sell	639,309 -301,051	-32%	-$45.5M	0.87%	57
2022 Q1	$155M	Buy	940,360 +145,721	+18%	+$22.4M	1.11%	33
2021 Q4	$148M	Buy	794,639 +90,637	+13%	+$15.8M	0.99%	39
2021 Q3	$107M	Buy	704,002 +700,456	+19,753%	+$107M	0.75%	70
2021 Q2	$485K	Buy	+3,546	New	+$470K	﹤0.01%	380

Other funds holding CDNS

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Jennison Associates New York $145B AUM 34.61% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Echo Street Capital Management's CDNS Position: Q4 2023 in Review

Echo Street Capital Management sold out of Cadence Design Systems (CDNS) in Q4 2023, closing a stake of 550,812 shares — an estimated $129M sold.

Echo Street Capital Management first reported a position in CDNS in Q2 2021 and held it in 9 quarters. The position peaked at $155M in Q1 2022. 1,182 funds tracked by Wall St. Rank hold CDNS as of Q4 2023.

Echo Street Capital Management reported no remaining Cadence Design Systems position as of Q4 2023 after selling out during the quarter.
Echo Street Capital Management sold 550,812 Cadence Design Systems shares in Q4 2023, an estimated $129M.
Echo Street Capital Management first reported a position in Cadence Design Systems in Q2 2021 and held it in 9 quarters.
Echo Street Capital Management's Cadence Design Systems position peaked at $155M in Q1 2022.
1,182 funds tracked by Wall St. Rank held Cadence Design Systems as of Q4 2023.

Based on Echo Street Capital Management's 13F filing for Q4 2023, filed 8 Feb 2024.