Cadence Design Systems
CDNS
1,029 hedge funds and large institutions have $54.9B invested in Cadence Design Systems in 2023 Q2 according to their latest regulatory filings, with 149 funds opening new positions, 374 increasing their positions, 384 reducing their positions, and 70 closing their positions.
113% more first-time investments, than exits
New positions opened: 149 | Existing positions closed: 70
42% more funds holding in top 10
Funds holding in top 10: 24 → 34 (+10)
11% more capital invested
Capital invested by funds: $49.6B → $54.9B (+$5.26B)
8% more funds holding
Funds holding: 955 → 1,029 (+74)
0.19% less ownership
Funds ownership: 86.13% → 85.94% (-0.19%)
3% less repeat investments, than reductions
Existing positions increased: 374 | Existing positions reduced: 384
22% less call options, than puts
Call options by funds: $355M | Put options by funds: $452M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$356M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$270M |
| 3 |
AIM
Alphinity Investment Management
Sydney,
Australia
|
+$247M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$187M |
| 5 |
Man Group
London,
United Kingdom
|
+$172M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$895M |
| 2 |
BlackRock
New York
|
-$576M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$193M |
| 4 |
JP Morgan Chase
New York
|
-$186M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$161M |
CDNS Hedge Fund Activity: Q2 2023 in Review
1,029 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Cadence Design Systems (CDNS) for Q2 2023, worth a combined $54.9B — up 11% from $49.6B a quarter earlier.
Buyers outnumbered sellers: 149 funds opened new CDNS positions and 70 closed out — a net gain of 79 holders — while 374 added to existing stakes and 384 trimmed.
The largest buyer was Jennison Associates, adding an estimated $356M. The largest seller was Vanguard Group, cutting an estimated $895M.
- 1,029 institutional investors held Cadence Design Systems (CDNS) as of Q2 2023, up from 955 in Q1 2023.
- Funds reported $54.9B of Cadence Design Systems stock for Q2 2023, up 11% quarter-over-quarter.
- 149 funds opened new Cadence Design Systems positions in Q2 2023 and 70 closed out, a net change of +79 holders.
- The largest Cadence Design Systems buyer in Q2 2023 was Jennison Associates, an estimated $356M added.
- The largest Cadence Design Systems seller in Q2 2023 was Vanguard Group, an estimated $895M sold.
Based on aggregated 13F filings for Q2 2023.