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Palestra Capital Management’s Cadence Design Systems CDNS Stock Holding History

Palestra 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
2024
Q2 		– Sell
-36,863
Closed -$11.5M – 35
2024
Q1 		$11.5M Buy
+36,863
New +$10.9M 0.43% 31
2015
Q1 		– Sell
-2,110,666
Closed -$40M – 32
2014
Q4 		$40M Buy
2,110,666
+231,000
+12% +$4.15M 3.49% 16
2014
Q3 		$32.3M Sell
1,879,666
-289,734
-13% -$5.03M 2.76% 20
2014
Q2 		$37.9M Buy
+2,169,400
New +$34.7M 3.13% 19

Other funds holding CDNS

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
Massachusetts Financial Services
Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return
Jennison Associates
Jennison Associates New York $145B AUM 34.61% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
Franklin Resources
Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return
Norges Bank
Norges Bank Oslo, Norway $935B AUM
UBS AM
UBS AM Chicago, Illinois $481B AUM 26.39% 1-Year Est. Return

Palestra Capital Management's CDNS Position: Q2 2024 in Review

Palestra Capital Management sold out of Cadence Design Systems (CDNS) in Q2 2024, closing a stake of 36,863 shares — an estimated $11.5M sold.

Palestra Capital Management first reported a position in CDNS in Q2 2014 and held it in 4 quarters. The position peaked at $40M in Q4 2014. 1,269 funds tracked by Wall St. Rank hold CDNS as of Q2 2024.

  • Palestra Capital Management reported no remaining Cadence Design Systems position as of Q2 2024 after selling out during the quarter.
  • Palestra Capital Management sold 36,863 Cadence Design Systems shares in Q2 2024, an estimated $11.5M.
  • Palestra Capital Management first reported a position in Cadence Design Systems in Q2 2014 and held it in 4 quarters.
  • Palestra Capital Management's Cadence Design Systems position peaked at $40M in Q4 2014.
  • 1,269 funds tracked by Wall St. Rank held Cadence Design Systems as of Q2 2024.

Based on Palestra Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.