CareDx
CDNA
166 hedge funds and large institutions have $658M invested in CareDx in 2022 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 67 increasing their positions, 52 reducing their positions, and 35 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 52
1.44% more ownership
Funds ownership: 106.25% → 107.69% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less funds holding
Funds holding: 182 → 166 (-16)
32% less capital invested
Capital invested by funds: $966M → $658M (-$308M)
40% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 35
94% less call options, than puts
Call options by funds: $91K | Put options by funds: $1.51M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$22.2M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$13.6M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
+$8.51M |
| 4 |
BG
Bellevue Group
Kuesnacht,
Switzerland
|
+$8.4M |
| 5 |
D.E. Shaw & Co
New York
|
+$7.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
-$28.3M |
| 2 |
FAM
Fred Alger Management
New York
|
-$21.9M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$10.7M |
| 4 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$9.88M |
| 5 |
FLAM
First Light Asset Management
Edina,
Minnesota
|
-$9.36M |
CDNA Hedge Fund Activity: Q4 2022 in Review
166 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q4 2022, worth a combined $658M — down 32% from $966M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of CDNA and 21 opened new positions — a net loss of 14 holders — while 52 trimmed existing stakes and 67 added.
The largest buyer was State Street, adding an estimated $22.2M. The largest seller was ClearBridge Investments, exiting entirely with an estimated $28.3M sold.
- 166 institutional investors held CareDx (CDNA) as of Q4 2022, down from 182 in Q3 2022.
- Funds reported $658M of CareDx stock for Q4 2022, down 32% quarter-over-quarter.
- 21 funds opened new CareDx positions in Q4 2022 and 35 closed out, a net change of -14 holders.
- The largest CareDx buyer in Q4 2022 was State Street, an estimated $22.2M added.
- The largest CareDx seller in Q4 2022 was ClearBridge Investments, an estimated $28.3M sold.
Based on aggregated 13F filings for Q4 2022.