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CareDx
CDNA

159 hedge funds and large institutions have $903M invested in CareDx in 2019 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 50 increasing their positions, 60 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

231% more call options, than puts

Call options by funds: $5.41M | Put options by funds: $1.63M

2.61% more ownership

Funds ownership: 96.1% → 98.7% (+2.6%)

2% less capital invested

Capital invested by funds: $921M → $903M (-$17.3M)

9% less funds holding

Funds holding: 174 → 159 (-15)

17% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 60

25% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 40

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

Holders
159
Holders Change
-15
Holders Change %
-8.62%
% of All Funds
3.13%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.02%
New
30
Increased
50
Reduced
60
Closed
40
Calls
$5.41M
Puts
$1.63M
Net Calls
+$3.77M
Net Calls Change
-$3.45M

Top Buyers

1
CCM
Consonance Capital Management
New York
+$32M
2
RHJA
Rice Hall James & Associates
California
+$12.3M
3
FAM
Fred Alger Management
New York
+$11.8M
4
BG
Bellevue Group
Switzerland
+$10.4M
5
IECM
Intrinsic Edge Capital Management
Illinois
+$9.51M

Top Sellers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$21.4M
2
Wells Fargo
Wells Fargo
California
-$12.8M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$8.23M
4
Two Sigma Advisers
Two Sigma Advisers
New York
-$7.53M
5
State Street
State Street
Massachusetts
-$7.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
26
D.E. Shaw & Co
New York
$10.6M -$1.75M -76,267 -13%
RI
27
Redwood Investments
Massachusetts
$9.48M -$464K -20,211 -4%
KCM
28
Kornitzer Capital Management
Kansas
$9.24M +$403K +17,550 +4%
BAMCO Inc
29
BAMCO Inc
New York
$8.99M +$5.61M +244,337 +141%
SSA
30
Schonfeld Strategic Advisors
New York
$8.65M +$8.14M +355,028 +771%
Balyasny Asset Management
31
Balyasny Asset Management
Illinois
$8.44M +$8.98M +391,339 New
William Blair Investment Management
32
William Blair Investment Management
Illinois
$7.76M +$1.87M +81,637 +29%
Wells Fargo
33
Wells Fargo
California
$7.26M -$12.8M -559,066 -62%
Millennium Management
34
Millennium Management
New York
$6.38M +$3.61M +157,491 +114%
GA
35
Gagnon Advisors
New York
$6.34M – – –
Two Sigma Advisers
36
Two Sigma Advisers
New York
$5.99M -$7.53M -328,100 -54%
SAM
37
Silvercrest Asset Management
New York
$5.91M -$269K -11,724 -4%
Bank of New York Mellon
38
Bank of New York Mellon
New York
$5.67M +$33.9K +1,476 +0.6%
Charles Schwab
39
Charles Schwab
California
$5.49M -$225K -9,820 -4%
Deutsche Bank
40
Deutsche Bank
Germany
$5.09M -$1.43M -62,289 -21%
AIC
41
AWM Investment Company
New York
$5.07M – – –
BNP Paribas Financial Markets
42
BNP Paribas Financial Markets
France
$4.77M +$4.93M +214,781 +3,354%
MWNA
43
Marshall Wace North America
New York
$3.75M +$3.98M +173,675 New
AI
44
Atom Investors
Texas
$3.33M +$3.54M +154,157 New
Squarepoint
45
Squarepoint
New York
$3.14M -$404K -17,609 -11%
RJA
46
Raymond James & Associates
Florida
$2.87M +$444K +19,362 +17%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$2.5M -$818K -35,645 -23%
GPCM
48
Granite Point Capital Management
Massachusetts
$2.48M +$1.23M +53,562 +88%
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$2.25M +$1.47M +63,932 +158%
BL
50
Bleichroeder LP
New York
$2.16M +$2.29M +100,000 New
1
2
3 4 5

CDNA Hedge Fund Activity: Q4 2019 in Review

159 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q4 2019, worth a combined $903M — down 1.9% from $921M a quarter earlier.

Sellers outnumbered buyers: 40 funds closed out of CDNA and 30 opened new positions — a net loss of 10 holders — while 60 trimmed existing stakes and 50 added.

The largest buyer was Consonance Capital Management, adding an estimated $32M. The largest seller was Lord, Abbett & Co, cutting an estimated $21.4M.

  • 159 institutional investors held CareDx (CDNA) as of Q4 2019, down from 174 in Q3 2019.
  • Funds reported $903M of CareDx stock for Q4 2019, down 1.9% quarter-over-quarter.
  • 30 funds opened new CareDx positions in Q4 2019 and 40 closed out, a net change of -10 holders.
  • The largest CareDx buyer in Q4 2019 was Consonance Capital Management, an estimated $32M added.
  • The largest CareDx seller in Q4 2019 was Lord, Abbett & Co, an estimated $21.4M sold.

Based on aggregated 13F filings for Q4 2019.