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CareDx
CDNA

150 hedge funds and large institutions have $391M invested in CareDx in 2023 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 51 increasing their positions, 62 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

291% more call options, than puts

Call options by funds: $211K | Put options by funds: $54K

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less funds holding

Funds holding: 154 → 150 (-4)

4.55% less ownership

Funds ownership: 107.52% → 102.97% (-4.6%)

18% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 62

19% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 21

20% less capital invested

Capital invested by funds: $492M → $391M (-$101M)

Holders
150
Holders Change
-4
Holders Change %
-2.6%
% of All Funds
2.38%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
17
Increased
51
Reduced
62
Closed
21
Calls
$211K
Puts
$54K
Net Calls
+$157K
Net Calls Change
+$109K

Top Buyers

1
KLC
Kent Lake Capital
Nevada
+$12.7M
2
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$3.99M
3
Squarepoint
Squarepoint
New York
+$3.51M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$3.13M
5
First Eagle Investment Management
First Eagle Investment Management
New York
+$2.59M

Top Sellers

1
AC
Armistice Capital
New York
-$11.9M
2
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$4.64M
3
State Street
State Street
Massachusetts
-$4.39M
4
Norges Bank
Norges Bank
Norway
-$3.4M
5
Morgan Stanley
Morgan Stanley
New York
-$2.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
1
ARK Investment Management
Florida
$46.8M +$379K +40,973 +0.6%
BlackRock
2
BlackRock
New York
$37.7M -$561K -60,675 -1%
Vanguard Group
3
Vanguard Group
Pennsylvania
$29M +$468K +50,667 +1%
BG
4
Bellevue Group
Switzerland
$27.6M +$2.07M +224,321 +6%
State Street
5
State Street
Massachusetts
$26M -$4.39M -474,880 -11%
Sumitomo Mitsui Trust Group
6
Sumitomo Mitsui Trust Group
Japan
$21.2M +$807K +87,378 +3%
NAMA
7
Nikko Asset Management Americas
New York
$21.1M +$807K +87,378 +3%
D.E. Shaw & Co
8
D.E. Shaw & Co
New York
$16.3M -$1.03M -111,321 -5%
GS
9
Gagnon Securities
New York
$14.5M +$114K +12,354 +0.6%
AC
10
Armistice Capital
New York
$14.3M -$11.9M -1,288,000 -39%
KLC
11
Kent Lake Capital
Nevada
$9.63M +$12.7M +1,375,458 New
Jacobs Levy Equity Management
12
Jacobs Levy Equity Management
New Jersey
$7.87M +$3.99M +432,090 +62%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$7.76M +$238K +25,806 +2%
RA
14
Royce & Associates
New York
$7.43M +$2.5M +270,950 +34%
Renaissance Technologies
15
Renaissance Technologies
New York
$7.32M -$1.27M -137,800 -12%
First Eagle Investment Management
16
First Eagle Investment Management
New York
$7.04M +$2.59M +280,345 +39%
Morgan Stanley
17
Morgan Stanley
New York
$4.76M -$2.93M -317,033 -32%
Goldman Sachs
18
Goldman Sachs
New York
$4.44M -$2.08M -225,018 -26%
Assenagon Asset Management
19
Assenagon Asset Management
Luxembourg
$4.43M -$4.64M -502,321 -44%
Dimensional Fund Advisors
20
Dimensional Fund Advisors
Texas
$4.35M +$3.13M +339,107 +120%
GA
21
Gagnon Advisors
New York
$3.88M – – –
Northern Trust
22
Northern Trust
Illinois
$3.45M +$43.2K +4,676 +1%
Acadian Asset Management
23
Acadian Asset Management
Massachusetts
$3.09M +$831K +89,966 +26%
Charles Schwab
24
Charles Schwab
California
$2.87M -$45.7K -4,951 -1%
Squarepoint
25
Squarepoint
New York
$2.74M +$3.51M +380,027 +3,178%
1
2 3 4 5

CDNA Hedge Fund Activity: Q3 2023 in Review

150 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in CareDx (CDNA) for Q3 2023, worth a combined $391M — down 20% from $492M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of CDNA and 17 opened new positions — a net loss of 4 holders — while 62 trimmed existing stakes and 51 added.

The largest buyer was Kent Lake Capital, opening a new position worth an estimated $12.7M. The largest seller was Armistice Capital, cutting an estimated $11.9M.

  • 150 institutional investors held CareDx (CDNA) as of Q3 2023, down from 154 in Q2 2023.
  • Funds reported $391M of CareDx stock for Q3 2023, down 20% quarter-over-quarter.
  • 17 funds opened new CareDx positions in Q3 2023 and 21 closed out, a net change of -4 holders.
  • The largest CareDx buyer in Q3 2023 was Kent Lake Capital, an estimated $12.7M added.
  • The largest CareDx seller in Q3 2023 was Armistice Capital, an estimated $11.9M sold.

Based on aggregated 13F filings for Q3 2023.