Cardlytics
CDLX
164 hedge funds and large institutions have $1.75B invested in Cardlytics in 2020 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 60 increasing their positions, 38 reducing their positions, and 30 closing their positions.
120% more capital invested
Capital invested by funds: $795M → $1.75B (+$956M)
116% more call options, than puts
Call options by funds: $15.8M | Put options by funds: $7.29M
73% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 30
58% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 38
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
15% more funds holding
Funds holding: 142 → 164 (+22)
0.76% more ownership
Funds ownership: 8.51% → 9.28% (+0.76%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$44.3M |
| 2 |
TCM
Tybourne Capital Management
Hong Kong
|
+$42.6M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$41.5M |
| 4 |
BlackRock
New York
|
+$31.9M |
| 5 |
Morgan Stanley
New York
|
+$26.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$71.1M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$22.9M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$15.4M |
| 4 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$13.6M |
| 5 |
Renaissance Technologies
New York
|
-$8.3M |
CDLX Hedge Fund Activity: Q2 2020 in Review
164 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Cardlytics (CDLX) for Q2 2020, worth a combined $1.75B — up 120% from $795M a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new CDLX positions and 30 closed out — a net gain of 22 holders — while 60 added to existing stakes and 38 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $44.3M. The largest seller was Fidelity Investments, cutting an estimated $71.1M.
- 164 institutional investors held Cardlytics (CDLX) as of Q2 2020, up from 142 in Q1 2020.
- Funds reported $1.75B of Cardlytics stock for Q2 2020, up 120% quarter-over-quarter.
- 52 funds opened new Cardlytics positions in Q2 2020 and 30 closed out, a net change of +22 holders.
- The largest Cardlytics buyer in Q2 2020 was Wellington Management Group, an estimated $44.3M added.
- The largest Cardlytics seller in Q2 2020 was Fidelity Investments, an estimated $71.1M sold.
Based on aggregated 13F filings for Q2 2020.