Cadence Design Systems
CDNS
540 hedge funds and large institutions have $15.9B invested in Cadence Design Systems in 2019 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 221 increasing their positions, 190 reducing their positions, and 51 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 221 | Existing positions reduced: 190
4% more call options, than puts
Call options by funds: $33.9M | Put options by funds: $32.7M
0.53% less ownership
Funds ownership: 87.33% → 86.8% (-0.53%)
1% less funds holding
Funds holding: 544 → 540 (-4)
4% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 51
7% less capital invested
Capital invested by funds: $17.2B → $15.9B (-$1.29B)
56% less funds holding in top 10
Funds holding in top 10: 9 → 4 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$152M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$98.9M |
| 3 |
Goldman Sachs
New York
|
+$61.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$49.5M |
| 5 |
Millennium Management
New York
|
+$39.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parnassus Investments
San Francisco,
California
|
-$127M |
| 2 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
-$108M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$70.5M |
| 4 |
Renaissance Technologies
New York
|
-$52.7M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$50.8M |
CDNS Hedge Fund Activity: Q3 2019 in Review
540 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Cadence Design Systems (CDNS) for Q3 2019, worth a combined $15.9B — down 7.5% from $17.2B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of CDNS and 49 opened new positions — a net loss of 2 holders — while 190 trimmed existing stakes and 221 added.
The largest buyer was BlackRock, adding an estimated $152M. The largest seller was Parnassus Investments, cutting an estimated $127M.
- 540 institutional investors held Cadence Design Systems (CDNS) as of Q3 2019, down from 544 in Q2 2019.
- Funds reported $15.9B of Cadence Design Systems stock for Q3 2019, down 7.5% quarter-over-quarter.
- 49 funds opened new Cadence Design Systems positions in Q3 2019 and 51 closed out, a net change of -2 holders.
- The largest Cadence Design Systems buyer in Q3 2019 was BlackRock, an estimated $152M added.
- The largest Cadence Design Systems seller in Q3 2019 was Parnassus Investments, an estimated $127M sold.
Based on aggregated 13F filings for Q3 2019.