CareDx
CDNA
174 hedge funds and large institutions have $921M invested in CareDx in 2019 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 72 increasing their positions, 45 reducing their positions, and 45 closing their positions.
316% more call options, than puts
Call options by funds: $9.51M | Put options by funds: $2.29M
60% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 45
3.15% more ownership
Funds ownership: 92.95% → 96.1% (+3.1%)
4% less funds holding
Funds holding: 182 → 174 (-8)
16% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 45
35% less capital invested
Capital invested by funds: $1.41B → $921M (-$487M)
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
+$42.2M |
| 2 |
CC
Casdin Capital
New York
|
+$22.2M |
| 3 |
CCM
Consonance Capital Management
New York
|
+$20.1M |
| 4 |
State Street
Boston,
Massachusetts
|
+$16.9M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$47.4M |
| 2 |
O
OrbiMed
New York
|
-$29.8M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$27.8M |
| 4 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$11M |
| 5 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$10.2M |
CDNA Hedge Fund Activity: Q3 2019 in Review
174 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q3 2019, worth a combined $921M — down 35% from $1.41B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of CDNA and 38 opened new positions — a net loss of 7 holders — while 45 trimmed existing stakes and 72 added.
The largest buyer was Fred Alger Management, adding an estimated $42.2M. The largest seller was Fidelity Investments, cutting an estimated $47.4M.
- 174 institutional investors held CareDx (CDNA) as of Q3 2019, down from 182 in Q2 2019.
- Funds reported $921M of CareDx stock for Q3 2019, down 35% quarter-over-quarter.
- 38 funds opened new CareDx positions in Q3 2019 and 45 closed out, a net change of -7 holders.
- The largest CareDx buyer in Q3 2019 was Fred Alger Management, an estimated $42.2M added.
- The largest CareDx seller in Q3 2019 was Fidelity Investments, an estimated $47.4M sold.
Based on aggregated 13F filings for Q3 2019.