Cadence Design Systems
CDNS
705 hedge funds and large institutions have $32.6B invested in Cadence Design Systems in 2021 Q1 according to their latest regulatory filings, with 77 funds opening new positions, 263 increasing their positions, 279 reducing their positions, and 62 closing their positions.
24% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 62
1% more funds holding
Funds holding: 697 → 705 (+8)
1% less ownership
Funds ownership: 86.46% → 85.46% (-1%)
3% less capital invested
Capital invested by funds: $33.7B → $32.6B (-$1.03B)
6% less repeat investments, than reductions
Existing positions increased: 263 | Existing positions reduced: 279
12% less call options, than puts
Call options by funds: $95.2M | Put options by funds: $108M
45% less funds holding in top 10
Funds holding in top 10: 11 → 6 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$364M |
| 2 |
Neuberger Berman Group
New York
|
+$235M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$122M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$84.9M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$71.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$291M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$204M |
| 3 |
Parnassus Investments
San Francisco,
California
|
-$159M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
-$123M |
| 5 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
-$120M |
CDNS Hedge Fund Activity: Q1 2021 in Review
705 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Cadence Design Systems (CDNS) for Q1 2021, worth a combined $32.6B — down 3.1% from $33.7B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new CDNS positions and 62 closed out — a net gain of 15 holders — while 263 added to existing stakes and 279 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $364M. The largest seller was Massachusetts Financial Services, cutting an estimated $291M.
- 705 institutional investors held Cadence Design Systems (CDNS) as of Q1 2021, up from 697 in Q4 2020.
- Funds reported $32.6B of Cadence Design Systems stock for Q1 2021, down 3.1% quarter-over-quarter.
- 77 funds opened new Cadence Design Systems positions in Q1 2021 and 62 closed out, a net change of +15 holders.
- The largest Cadence Design Systems buyer in Q1 2021 was Fidelity Investments, an estimated $364M added.
- The largest Cadence Design Systems seller in Q1 2021 was Massachusetts Financial Services, an estimated $291M sold.
Based on aggregated 13F filings for Q1 2021.