CareDx
CDNA
144 hedge funds and large institutions have $971M invested in CareDx in 2020 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 56 increasing their positions, 46 reducing their positions, and 35 closing their positions.
700% more funds holding in top 10
Funds holding in top 10: 1 → 8 (+7)
22% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 46
7% more capital invested
Capital invested by funds: $903M → $971M (+$67.7M)
5.05% more ownership
Funds ownership: 98.7% → 103.75% (+5%)
2% less call options, than puts
Call options by funds: $2.87M | Put options by funds: $2.94M
9% less funds holding
Funds holding: 159 → 144 (-15)
34% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$44.9M |
| 2 |
FLAM
First Light Asset Management
Edina,
Minnesota
|
+$24.3M |
| 3 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$17.4M |
| 4 |
CCM
Consonance Capital Management
New York
|
+$12.1M |
| 5 |
Neuberger Berman Group
New York
|
+$9.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$18M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$17.3M |
| 3 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
-$13.7M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
-$8.15M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
-$7.76M |
CDNA Hedge Fund Activity: Q1 2020 in Review
144 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q1 2020, worth a combined $971M — up 7.5% from $903M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of CDNA and 23 opened new positions — a net loss of 12 holders — while 46 trimmed existing stakes and 56 added.
The largest buyer was Invesco, adding an estimated $44.9M. The largest seller was Waddell & Reed Financial, cutting an estimated $18M.
- 144 institutional investors held CareDx (CDNA) as of Q1 2020, down from 159 in Q4 2019.
- Funds reported $971M of CareDx stock for Q1 2020, up 7.5% quarter-over-quarter.
- 23 funds opened new CareDx positions in Q1 2020 and 35 closed out, a net change of -12 holders.
- The largest CareDx buyer in Q1 2020 was Invesco, an estimated $44.9M added.
- The largest CareDx seller in Q1 2020 was Waddell & Reed Financial, an estimated $18M sold.
Based on aggregated 13F filings for Q1 2020.