CareDx
CDNA
260 hedge funds and large institutions have $3.45B invested in CareDx in 2021 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 104 increasing their positions, 80 reducing their positions, and 31 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 80
23% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 31
2% more funds holding
Funds holding: 254 → 260 (+6)
0.44% more ownership
Funds ownership: 103.23% → 103.67% (+0.44%)
30% less capital invested
Capital invested by funds: $4.92B → $3.45B (-$1.47B)
43% less call options, than puts
Call options by funds: $7.35M | Put options by funds: $13M
44% less funds holding in top 10
Funds holding in top 10: 9 → 5 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$52.1M |
| 2 |
BWLSA
Blue Water Life Science Advisors
Larkspur,
California
|
+$30.5M |
| 3 |
Morgan Stanley
New York
|
+$26.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$26M |
| 5 |
State Street
Boston,
Massachusetts
|
+$22.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
ARK Investment Management
St. Petersburg,
Florida
|
-$87.9M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
-$30.5M |
| 3 |
Goldman Sachs
New York
|
-$27.3M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$15.5M |
| 5 |
LCG
Lisanti Capital Growth
New York
|
-$14.9M |
CDNA Hedge Fund Activity: Q3 2021 in Review
260 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q3 2021, worth a combined $3.45B — down 30% from $4.92B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new CDNA positions and 31 closed out — a net gain of 7 holders — while 104 added to existing stakes and 80 trimmed.
The largest buyer was Conestoga Capital Advisors, adding an estimated $52.1M. The largest seller was ARK Investment Management, cutting an estimated $87.9M.
- 260 institutional investors held CareDx (CDNA) as of Q3 2021, up from 254 in Q2 2021.
- Funds reported $3.45B of CareDx stock for Q3 2021, down 30% quarter-over-quarter.
- 38 funds opened new CareDx positions in Q3 2021 and 31 closed out, a net change of +7 holders.
- The largest CareDx buyer in Q3 2021 was Conestoga Capital Advisors, an estimated $52.1M added.
- The largest CareDx seller in Q3 2021 was ARK Investment Management, an estimated $87.9M sold.
Based on aggregated 13F filings for Q3 2021.