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CareDx
CDNA

59 hedge funds and large institutions have $110M invested in CareDx in 2017 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 15 increasing their positions, 5 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

640% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 5

300% more funds holding in top 10

Funds holding in top 10: 1 → 4 (+3)

293% more capital invested

Capital invested by funds: $28M → $110M (+$82M)

200% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 5

119% more funds holding

Funds holding: 27 → 59 (+32)

23.02% more ownership

Funds ownership: 29.36% → 52.38% (+23%)

Holders
59
Holders Change
+32
Holders Change %
+118.52%
% of All Funds
1.34%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.09%
New
37
Increased
15
Reduced
5
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FAM
Fred Alger Management
New York
+$7.72M
2
PA
Perceptive Advisors
New York
+$6.49M
3
GA
Gagnon Advisors
New York
+$5.94M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$5.79M
5
SCM
Stonepine Capital Management
Oregon
+$5.74M

Top Sellers

Rank Fund Capital Flow
1
PAPAIJV
Paragon Associates & Paragon Associates II Joint Venture
Texas
-$2.03M
2
GS
Gagnon Securities
New York
-$1.79M
3
TGHSA
TPG Group Holdings (SBS) Advisors
Texas
-$645K
4
SSA
Schonfeld Strategic Advisors
New York
-$630K
5
BCM
Bridgeway Capital Management
Texas
-$364K
Name Holding Trade Value Shares
Change 		Change in
Stake
GS
1
Gagnon Securities
New York
$13.8M -$1.79M -287,657 -13%
FAM
2
Fred Alger Management
New York
$9.09M +$7.72M +1,238,351 New
PA
3
Perceptive Advisors
New York
$7.64M +$6.49M +1,040,676 New
RA
4
Royce & Associates
New York
$7.14M +$1.12M +180,300 +23%
GA
5
Gagnon Advisors
New York
$7.01M +$5.94M +952,222 +26,929%
PAPAIJV
6
Paragon Associates & Paragon Associates II Joint Venture
Texas
$6.96M -$2.03M -325,800 -26%
Wellington Management Group
7
Wellington Management Group
Massachusetts
$6.81M +$5.79M +928,200 New
SCM
8
Stonepine Capital Management
Oregon
$6.75M +$5.74M +920,000 New
PWAM
9
Park West Asset Management
California
$5.94M +$5.05M +809,793 New
NCGI
10
Next Century Growth Investors
Minnesota
$5.76M +$1.79M +286,969 +58%
Vanguard Group
11
Vanguard Group
Pennsylvania
$5.05M +$2.32M +371,610 +118%
EMFAT
12
Emerald Mutual Fund Advisers Trust
Pennsylvania
$3.67M +$3.12M +500,000 New
PWP
13
Private Wealth Partners
California
$3.2M +$1.25M +201,000 +86%
EI
14
EAM Investors
California
$1.65M +$1.4M +224,623 New
TDC
15
Thompson Davis & Co
Virginia
$1.53M +$32.6K +5,233 +3%
WC
16
Wexford Capital
Florida
$1.47M +$1.25M +200,000 New
GPCM
17
Granite Point Capital Management
Massachusetts
$1.4M +$1.18M +190,000 New
PCM
18
Perkins Capital Management
Minnesota
$1.31M +$250K +40,089 +29%
California Public Employees Retirement System
19
California Public Employees Retirement System
California
$1.28M – – –
AIC
20
AWM Investment Company
New York
$1.28M +$1.09M +175,000 New
EGI
21
EAM Global Investors
California
$1.1M +$931K +149,273 New
FA
22
Friess Associates
Delaware
$1.07M +$913K +146,416 New
SIM
23
Spark Investment Management
New York
$986K +$279K +44,808 +50%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$954K +$542K +86,887 +201%
BCM
25
Bridgeway Capital Management
Texas
$819K -$364K -58,400 -34%
1
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CDNA Hedge Fund Activity: Q4 2017 in Review

59 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q4 2017, worth a combined $110M — up 293% from $28M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new CDNA positions and 5 closed out — a net gain of 32 holders — while 15 added to existing stakes and 5 trimmed.

The largest buyer was Fred Alger Management, opening a new position worth an estimated $7.72M. The largest seller was Paragon Associates & Paragon Associates II Joint Venture, cutting an estimated $2.03M.

  • 59 institutional investors held CareDx (CDNA) as of Q4 2017, up from 27 in Q3 2017.
  • Funds reported $110M of CareDx stock for Q4 2017, up 293% quarter-over-quarter.
  • 37 funds opened new CareDx positions in Q4 2017 and 5 closed out, a net change of +32 holders.
  • The largest CareDx buyer in Q4 2017 was Fred Alger Management, an estimated $7.72M added.
  • The largest CareDx seller in Q4 2017 was Paragon Associates & Paragon Associates II Joint Venture, an estimated $2.03M sold.

Based on aggregated 13F filings for Q4 2017.