Cadence Design Systems
CDNS
524 hedge funds and large institutions have $16.3B invested in Cadence Design Systems in 2020 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 184 increasing their positions, 213 reducing their positions, and 100 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
1.46% more ownership
Funds ownership: 86.65% → 88.11% (+1.5%)
10% more call options, than puts
Call options by funds: $27M | Put options by funds: $24.6M
3% less capital invested
Capital invested by funds: $16.9B → $16.3B (-$563M)
9% less funds holding
Funds holding: 574 → 524 (-50)
14% less repeat investments, than reductions
Existing positions increased: 184 | Existing positions reduced: 213
43% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 100
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$199M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$152M |
| 3 |
Swedbank
Stockholm,
Sweden
|
+$109M |
| 4 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$89.4M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$143M |
| 2 |
Goldman Sachs
New York
|
-$110M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$70.6M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$66.4M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$54.9M |
CDNS Hedge Fund Activity: Q1 2020 in Review
524 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Cadence Design Systems (CDNS) for Q1 2020, worth a combined $16.3B — down 3.3% from $16.9B a quarter earlier.
Sellers outnumbered buyers: 100 funds closed out of CDNS and 57 opened new positions — a net loss of 43 holders — while 213 trimmed existing stakes and 184 added.
The largest buyer was BlackRock, adding an estimated $199M. The largest seller was Arrowstreet Capital, cutting an estimated $143M.
- 524 institutional investors held Cadence Design Systems (CDNS) as of Q1 2020, down from 574 in Q4 2019.
- Funds reported $16.3B of Cadence Design Systems stock for Q1 2020, down 3.3% quarter-over-quarter.
- 57 funds opened new Cadence Design Systems positions in Q1 2020 and 100 closed out, a net change of -43 holders.
- The largest Cadence Design Systems buyer in Q1 2020 was BlackRock, an estimated $199M added.
- The largest Cadence Design Systems seller in Q1 2020 was Arrowstreet Capital, an estimated $143M sold.
Based on aggregated 13F filings for Q1 2020.