CareDx
CDNA
150 hedge funds and large institutions have $391M invested in CareDx in 2023 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 51 increasing their positions, 62 reducing their positions, and 21 closing their positions.
291% more call options, than puts
Call options by funds: $211K | Put options by funds: $54K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 154 → 150 (-4)
4.55% less ownership
Funds ownership: 107.52% → 102.97% (-4.6%)
18% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 62
19% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 21
20% less capital invested
Capital invested by funds: $492M → $391M (-$101M)
Top Buyers
| 1 |
KLC
Kent Lake Capital
Reno,
Nevada
|
+$12.7M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$3.99M |
| 3 |
Squarepoint
New York
|
+$3.51M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.13M |
| 5 |
First Eagle Investment Management
New York
|
+$2.59M |
Top Sellers
| 1 |
AC
Armistice Capital
New York
|
-$11.9M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$4.64M |
| 3 |
State Street
Boston,
Massachusetts
|
-$4.39M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$3.4M |
| 5 |
Morgan Stanley
New York
|
-$2.93M |
CDNA Hedge Fund Activity: Q3 2023 in Review
150 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q3 2023, worth a combined $391M — down 20% from $492M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of CDNA and 17 opened new positions — a net loss of 4 holders — while 62 trimmed existing stakes and 51 added.
The largest buyer was Kent Lake Capital, opening a new position worth an estimated $12.7M. The largest seller was Armistice Capital, cutting an estimated $11.9M.
- 150 institutional investors held CareDx (CDNA) as of Q3 2023, down from 154 in Q2 2023.
- Funds reported $391M of CareDx stock for Q3 2023, down 20% quarter-over-quarter.
- 17 funds opened new CareDx positions in Q3 2023 and 21 closed out, a net change of -4 holders.
- The largest CareDx buyer in Q3 2023 was Kent Lake Capital, an estimated $12.7M added.
- The largest CareDx seller in Q3 2023 was Armistice Capital, an estimated $11.9M sold.
Based on aggregated 13F filings for Q3 2023.