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CareDx
CDNA

168 hedge funds and large institutions have $658M invested in CareDx in 2022 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 67 increasing their positions, 54 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 54

1.81% more ownership

Funds ownership: 106.27% → 108.08% (+1.8%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

8% less funds holding

Funds holding: 182 → 168 (-14)

32% less capital invested

Capital invested by funds: $962M → $658M (-$304M)

37% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 35

94% less call options, than puts

Call options by funds: $91K | Put options by funds: $1.51M

Holders
168
Holders Change
-14
Holders Change %
-7.69%
% of All Funds
2.7%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
22
Increased
67
Reduced
54
Closed
35
Calls
$91K
Puts
$1.51M
Net Calls
-$1.42M
Net Calls Change
-$1.72M

Top Buyers

1
State Street
State Street
Massachusetts
+$22.2M
2
ACH
ArrowMark Colorado Holdings
Colorado
+$13.6M
3
Nordea Investment Management
Nordea Investment Management
Sweden
+$8.51M
4
BG
Bellevue Group
Switzerland
+$8.4M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$7.86M

Top Sellers

1
ClearBridge Investments
ClearBridge Investments
New York
-$28.3M
2
FAM
Fred Alger Management
New York
-$21.9M
3
Macquarie Group
Macquarie Group
Australia
-$10.7M
4
CCA
Conestoga Capital Advisors
Pennsylvania
-$9.88M
5
FLAM
First Light Asset Management
Minnesota
-$9.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
Connor, Clark & Lunn Investment Management (CC&L)
51
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.29M +$393K +26,521 +31%
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$1.24M -$62.7K -4,228 -4%
GC
53
Guggenheim Capital
Illinois
$1.23M +$81K +5,463 +5%
SEI Investments
54
SEI Investments
Pennsylvania
$1.19M -$117K -7,874 -7%
Los Angeles Capital Management
55
Los Angeles Capital Management
California
$1.17M +$1.51M +102,232 New
RA
56
Royce & Associates
New York
$1.14M -$993K -67,000 -40%
Invesco
57
Invesco
Georgia
$1.01M +$264K +17,799 +25%
Qube Research & Technologies (QRT)
58
Qube Research & Technologies (QRT)
United Kingdom
$982K +$838K +56,528 +191%
BNP Paribas Financial Markets
59
BNP Paribas Financial Markets
France
$958K -$189K -12,785 -13%
Federated Hermes
60
Federated Hermes
Pennsylvania
$952K -$2.35M -158,781 -66%
RJA
61
Raymond James & Associates
Florida
$949K -$1.04M -69,920 -46%
Ameriprise
62
Ameriprise
Minnesota
$947K -$616K -41,561 -33%
ECM
63
ExodusPoint Capital Management
New York
$820K +$251K +16,928 +31%
Jane Street
64
Jane Street
New York
$800K +$1.04M +70,151 New
RhumbLine Advisers
65
RhumbLine Advisers
Massachusetts
$763K +$30K +2,027 +3%
California State Teachers Retirement System (CalSTRS)
66
California State Teachers Retirement System (CalSTRS)
California
$762K +$12.9K +868 +1%
Walleye Capital
67
Walleye Capital
New York
$726K +$943K +63,667 New
Victory Capital Management
68
Victory Capital Management
Texas
$724K +$940K +63,455 New
AllianceBernstein
69
AllianceBernstein
Tennessee
$720K – – –
RJFSA
70
Raymond James Financial Services Advisors
Florida
$691K +$67.7K +4,568 +8%
Russell Investments Group
71
Russell Investments Group
United Kingdom
$641K +$331K +22,316 +66%
AQR Capital Management
72
AQR Capital Management
Connecticut
$601K +$321K +21,661 +70%
State of Wisconsin Investment Board
73
State of Wisconsin Investment Board
Wisconsin
$575K -$48.2K -3,254 -6%
BAM
74
Bullseye Asset Management
Colorado
$574K +$296K +20,000 +66%
AIC
75
AWM Investment Company
New York
$571K – – –
1 2
3
4 5

CDNA Hedge Fund Activity: Q4 2022 in Review

168 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q4 2022, worth a combined $658M — down 32% from $962M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of CDNA and 22 opened new positions — a net loss of 13 holders — while 54 trimmed existing stakes and 67 added.

The largest buyer was State Street, adding an estimated $22.2M. The largest seller was ClearBridge Investments, exiting entirely with an estimated $28.3M sold.

  • 168 institutional investors held CareDx (CDNA) as of Q4 2022, down from 182 in Q3 2022.
  • Funds reported $658M of CareDx stock for Q4 2022, down 32% quarter-over-quarter.
  • 22 funds opened new CareDx positions in Q4 2022 and 35 closed out, a net change of -13 holders.
  • The largest CareDx buyer in Q4 2022 was State Street, an estimated $22.2M added.
  • The largest CareDx seller in Q4 2022 was ClearBridge Investments, an estimated $28.3M sold.

Based on aggregated 13F filings for Q4 2022.