Cardlytics
CDLX
142 hedge funds and large institutions have $795M invested in Cardlytics in 2020 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 48 increasing their positions, 53 reducing their positions, and 47 closing their positions.
29% more call options, than puts
Call options by funds: $4.5M | Put options by funds: $3.5M
0.44% less ownership
Funds ownership: 8.95% → 8.51% (-0.44%)
9% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 53
9% less funds holding
Funds holding: 156 → 142 (-14)
26% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 47
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
45% less capital invested
Capital invested by funds: $1.45B → $795M (-$652M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
CAS Investment Partners
Westport,
Connecticut
|
+$80M |
| 2 |
KGAMU
KPS Global Asset Management (UK)
London,
United Kingdom
|
+$53.1M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$38.1M |
| 4 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$27.5M |
| 5 |
JP Morgan Chase
New York
|
+$23.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$168M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$30.4M |
| 3 |
Tiger Global Management
New York
|
-$23.4M |
| 4 |
D.E. Shaw & Co
New York
|
-$21.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$21.2M |
CDLX Hedge Fund Activity: Q1 2020 in Review
142 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Cardlytics (CDLX) for Q1 2020, worth a combined $795M — down 45% from $1.45B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of CDLX and 35 opened new positions — a net loss of 12 holders — while 53 trimmed existing stakes and 48 added.
The largest buyer was CAS Investment Partners, adding an estimated $80M. The largest seller was Fidelity Investments, cutting an estimated $168M.
- 142 institutional investors held Cardlytics (CDLX) as of Q1 2020, down from 156 in Q4 2019.
- Funds reported $795M of Cardlytics stock for Q1 2020, down 45% quarter-over-quarter.
- 35 funds opened new Cardlytics positions in Q1 2020 and 47 closed out, a net change of -12 holders.
- The largest Cardlytics buyer in Q1 2020 was CAS Investment Partners, an estimated $80M added.
- The largest Cardlytics seller in Q1 2020 was Fidelity Investments, an estimated $168M sold.
Based on aggregated 13F filings for Q1 2020.