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CareDx
CDNA

59 hedge funds and large institutions have $110M invested in CareDx in 2017 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 15 increasing their positions, 5 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

640% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 5

300% more funds holding in top 10

Funds holding in top 10: 1 → 4 (+3)

293% more capital invested

Capital invested by funds: $28M → $110M (+$82M)

200% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 5

119% more funds holding

Funds holding: 27 → 59 (+32)

23.02% more ownership

Funds ownership: 29.36% → 52.38% (+23%)

Holders
59
Holders Change
+32
Holders Change %
+118.52%
% of All Funds
1.34%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.09%
New
37
Increased
15
Reduced
5
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FAM
Fred Alger Management
New York
+$7.72M
2
PA
Perceptive Advisors
New York
+$6.49M
3
GA
Gagnon Advisors
New York
+$5.94M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$5.79M
5
SCM
Stonepine Capital Management
Oregon
+$5.74M

Top Sellers

Rank Fund Capital Flow
1
PAPAIJV
Paragon Associates & Paragon Associates II Joint Venture
Texas
-$2.03M
2
GS
Gagnon Securities
New York
-$1.79M
3
TGHSA
TPG Group Holdings (SBS) Advisors
Texas
-$645K
4
SSA
Schonfeld Strategic Advisors
New York
-$630K
5
BCM
Bridgeway Capital Management
Texas
-$364K
Name Holding Trade Value Shares
Change 		Change in
Stake
WIC
26
Woodmont Investment Counsel
Tennessee
$618K +$525K +84,189 New
Bank of New York Mellon
27
Bank of New York Mellon
New York
$534K +$453K +72,692 New
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$473K +$224K +35,851 +125%
Morgan Stanley
29
Morgan Stanley
New York
$379K +$318K +50,935 +7,276%
GIPM
30
G2 Investment Partners Management
New York
$367K +$312K +50,000 New
PCA
31
Prospect Capital Advisors
California
$367K +$312K +50,000 New
Two Sigma Investments
32
Two Sigma Investments
New York
$352K +$299K +48,014 New
Millennium Management
33
Millennium Management
New York
$336K +$286K +45,838 New
Northern Trust
34
Northern Trust
Illinois
$324K +$77.9K +12,495 +39%
BlackRock
35
BlackRock
New York
$253K +$171K +27,385 +386%
JP Morgan Chase
36
JP Morgan Chase
New York
$235K +$199K +31,972 New
SPPAM
37
Summit Partners Public Asset Management
Massachusetts
$225K +$191K +30,700 New
Macquarie Group
38
Macquarie Group
Australia
$190K +$161K +25,900 New
PCM
39
Prelude Capital Management
New York
$187K +$159K +25,520 New
PAM
40
Panagora Asset Management
Massachusetts
$157K -$128K -20,537 -49%
AAP
41
Ardsley Advisory Partners
Connecticut
$147K +$125K +20,000 New
Goldman Sachs
42
Goldman Sachs
New York
$134K +$114K +18,280 New
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$130K +$111K +17,806 New
Wells Fargo
44
Wells Fargo
California
$122K +$96.6K +15,497 +1,361%
TI
45
Trexquant Investment
Connecticut
$120K +$102K +16,369 New
Two Sigma Advisers
46
Two Sigma Advisers
New York
$105K +$89.2K +14,300 New
TA
47
Teton Advisors
New York
$103K – – –
FPF
48
FNY Partners Fund
New York
$102K +$87.3K +14,000 New
Janney Montgomery Scott
49
Janney Montgomery Scott
Pennsylvania
$90K +$76.7K +12,308 New
MIM
50
Monashee Investment Management
Massachusetts
$87K – – –
1
2
3

CDNA Hedge Fund Activity: Q4 2017 in Review

59 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q4 2017, worth a combined $110M — up 293% from $28M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new CDNA positions and 5 closed out — a net gain of 32 holders — while 15 added to existing stakes and 5 trimmed.

The largest buyer was Fred Alger Management, opening a new position worth an estimated $7.72M. The largest seller was Paragon Associates & Paragon Associates II Joint Venture, cutting an estimated $2.03M.

  • 59 institutional investors held CareDx (CDNA) as of Q4 2017, up from 27 in Q3 2017.
  • Funds reported $110M of CareDx stock for Q4 2017, up 293% quarter-over-quarter.
  • 37 funds opened new CareDx positions in Q4 2017 and 5 closed out, a net change of +32 holders.
  • The largest CareDx buyer in Q4 2017 was Fred Alger Management, an estimated $7.72M added.
  • The largest CareDx seller in Q4 2017 was Paragon Associates & Paragon Associates II Joint Venture, an estimated $2.03M sold.

Based on aggregated 13F filings for Q4 2017.