Cardlytics
CDLX
62 hedge funds and large institutions have $266M invested in Cardlytics in 2019 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 11 reducing their positions, and 10 closing their positions.
173% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 11
54% more capital invested
Capital invested by funds: $173M → $266M (+$93.6M)
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
2% more funds holding
Funds holding: 61 → 62 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.3% less ownership
Funds ownership: 7.45% → 7.15% (-0.3%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $3.15M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$4.03M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.14M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$3.12M |
| 4 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$2.74M |
| 5 |
TCM
Tygh Capital Management
Portland,
Oregon
|
+$2.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPV
Canaan Partners VIII
Westport,
Connecticut
|
-$12.2M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$4.64M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$2.46M |
| 4 |
JGC
J. Goldman & Co
New York
|
-$2.15M |
| 5 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$1.62M |
CDLX Hedge Fund Activity: Q1 2019 in Review
62 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Cardlytics (CDLX) for Q1 2019, worth a combined $266M — up 54% from $173M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new CDLX positions and 10 closed out — a net gain of 1 holder — while 30 added to existing stakes and 11 trimmed.
The largest buyer was Hudson Bay Capital Management, opening a new position worth an estimated $4.03M. The largest seller was Canaan Partners VIII, cutting an estimated $12.2M.
- 62 institutional investors held Cardlytics (CDLX) as of Q1 2019, up from 61 in Q4 2018.
- Funds reported $266M of Cardlytics stock for Q1 2019, up 54% quarter-over-quarter.
- 11 funds opened new Cardlytics positions in Q1 2019 and 10 closed out, a net change of +1 holder.
- The largest Cardlytics buyer in Q1 2019 was Hudson Bay Capital Management, an estimated $4.03M added.
- The largest Cardlytics seller in Q1 2019 was Canaan Partners VIII, an estimated $12.2M sold.
Based on aggregated 13F filings for Q1 2019.