Cadence Design Systems
CDNS
955 hedge funds and large institutions have $49.6B invested in Cadence Design Systems in 2023 Q1 according to their latest regulatory filings, with 159 funds opening new positions, 351 increasing their positions, 341 reducing their positions, and 71 closing their positions.
124% more first-time investments, than exits
New positions opened: 159 | Existing positions closed: 71
32% more capital invested
Capital invested by funds: $37.7B → $49.6B (+$12B)
26% more funds holding in top 10
Funds holding in top 10: 19 → 24 (+5)
8% more funds holding
Funds holding: 883 → 955 (+72)
3% more repeat investments, than reductions
Existing positions increased: 351 | Existing positions reduced: 341
0.63% more ownership
Funds ownership: 85.51% → 86.14% (+0.63%)
27% less call options, than puts
Call options by funds: $198M | Put options by funds: $270M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$720M |
| 2 |
JP Morgan Chase
New York
|
+$254M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$139M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$130M |
| 5 |
Millennium Management
New York
|
+$120M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$762M |
| 2 |
Man Group
London,
United Kingdom
|
-$316M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$184M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$176M |
| 5 |
Renaissance Technologies
New York
|
-$160M |
CDNS Hedge Fund Activity: Q1 2023 in Review
955 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cadence Design Systems (CDNS) for Q1 2023, worth a combined $49.6B — up 32% from $37.7B a quarter earlier.
Buyers outnumbered sellers: 159 funds opened new CDNS positions and 71 closed out — a net gain of 88 holders — while 351 added to existing stakes and 341 trimmed.
The largest buyer was Jennison Associates, adding an estimated $720M. The largest seller was Vanguard Group, cutting an estimated $762M.
- 955 institutional investors held Cadence Design Systems (CDNS) as of Q1 2023, up from 883 in Q4 2022.
- Funds reported $49.6B of Cadence Design Systems stock for Q1 2023, up 32% quarter-over-quarter.
- 159 funds opened new Cadence Design Systems positions in Q1 2023 and 71 closed out, a net change of +88 holders.
- The largest Cadence Design Systems buyer in Q1 2023 was Jennison Associates, an estimated $720M added.
- The largest Cadence Design Systems seller in Q1 2023 was Vanguard Group, an estimated $762M sold.
Based on aggregated 13F filings for Q1 2023.