Cadence Design Systems
CDNS
697 hedge funds and large institutions have $33.7B invested in Cadence Design Systems in 2020 Q4 according to their latest regulatory filings, with 122 funds opening new positions, 259 increasing their positions, 240 reducing their positions, and 61 closing their positions.
100% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 61
57% more funds holding in top 10
Funds holding in top 10: 7 → 11 (+4)
32% more capital invested
Capital invested by funds: $25.5B → $33.7B (+$8.13B)
8% more funds holding
Funds holding: 644 → 697 (+53)
8% more repeat investments, than reductions
Existing positions increased: 259 | Existing positions reduced: 240
7% more call options, than puts
Call options by funds: $106M | Put options by funds: $98.6M
0.37% more ownership
Funds ownership: 86.09% → 86.46% (+0.37%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
+$237M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$193M |
| 3 |
UBS AM
Chicago,
Illinois
|
+$153M |
| 4 |
BlackRock
New York
|
+$115M |
| 5 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
+$73.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$280M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$260M |
| 3 |
Man Group
London,
United Kingdom
|
-$68.1M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
-$60.6M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$58.5M |
CDNS Hedge Fund Activity: Q4 2020 in Review
697 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Cadence Design Systems (CDNS) for Q4 2020, worth a combined $33.7B — up 32% from $25.5B a quarter earlier.
Buyers outnumbered sellers: 122 funds opened new CDNS positions and 61 closed out — a net gain of 61 holders — while 259 added to existing stakes and 240 trimmed.
The largest buyer was Brown Advisory, opening a new position worth an estimated $237M. The largest seller was VOYA Investment Management, cutting an estimated $280M.
- 697 institutional investors held Cadence Design Systems (CDNS) as of Q4 2020, up from 644 in Q3 2020.
- Funds reported $33.7B of Cadence Design Systems stock for Q4 2020, up 32% quarter-over-quarter.
- 122 funds opened new Cadence Design Systems positions in Q4 2020 and 61 closed out, a net change of +61 holders.
- The largest Cadence Design Systems buyer in Q4 2020 was Brown Advisory, an estimated $237M added.
- The largest Cadence Design Systems seller in Q4 2020 was VOYA Investment Management, an estimated $280M sold.
Based on aggregated 13F filings for Q4 2020.