CareDx
CDNA
156 hedge funds and large institutions have $535M invested in CareDx in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 67 increasing their positions, 42 reducing their positions, and 32 closing their positions.
147% more call options, than puts
Call options by funds: $1.67M | Put options by funds: $679K
60% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 42
0.6% more ownership
Funds ownership: 108.08% → 108.67% (+0.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 168 → 156 (-12)
19% less capital invested
Capital invested by funds: $658M → $535M (-$123M)
34% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
+$33.7M |
| 2 |
Millennium Management
New York
|
+$12.6M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$12.6M |
| 4 |
Morgan Stanley
New York
|
+$9.09M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$8.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$48.2M |
| 2 |
BAMCO Inc
New York
|
-$23.5M |
| 3 |
State Street
Boston,
Massachusetts
|
-$11.1M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$10.1M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$9.58M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PI
176
PEAK6 Investments
Chicago,
Illinois
| – | -$80.3K | -6,276 | Closed |
|
177
Rockefeller Capital Management
New York
| – | -$45K | -3,985 | Closed |
|
|
MAM
178
Meeder Asset Management
Dublin,
Ohio
| – | -$37.6K | -3,297 | Closed |
|
179
Balyasny Asset Management
Chicago,
Illinois
| – | -$14.5K | -1,267 | Closed |
|
|
BBHC
180
Brown Brothers Harriman & Co
New York
| – | -$2.46K | -216 | Closed |
|
|
KFI
181
Key Financial Inc
West Chester,
Pennsylvania
| – | -$1.97K | -116 | Closed |
|
|
PI
182
PineBridge Investments
New York
| – | -$1.14K | -100 | Closed |
|
|
CT
183
Colonial Trust
Spartanburg,
South Carolina
| – | -$902 | -79 | Closed |
|
|
BAAM
184
Baker Avenue Asset Management
San Francisco,
California
| – | -$479 | -42 | Closed |
|
|
DFCM
185
Dark Forest Capital Management
San Juan,
Puerto Rico
| – | -$354 | -31 | Closed |
|
|
FGAM
186
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$19 | -11 | Closed |
|
CDNA Hedge Fund Activity: Q1 2023 in Review
156 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q1 2023, worth a combined $535M — down 19% from $658M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of CDNA and 21 opened new positions — a net loss of 11 holders — while 42 trimmed existing stakes and 67 added.
The largest buyer was Armistice Capital, adding an estimated $33.7M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $48.2M.
- 156 institutional investors held CareDx (CDNA) as of Q1 2023, down from 168 in Q4 2022.
- Funds reported $535M of CareDx stock for Q1 2023, down 19% quarter-over-quarter.
- 21 funds opened new CareDx positions in Q1 2023 and 32 closed out, a net change of -11 holders.
- The largest CareDx buyer in Q1 2023 was Armistice Capital, an estimated $33.7M added.
- The largest CareDx seller in Q1 2023 was ArrowMark Colorado Holdings, an estimated $48.2M sold.
Based on aggregated 13F filings for Q1 2023.