Cadence Design Systems
CDNS
1,254 hedge funds and large institutions have $72.8B invested in Cadence Design Systems in 2024 Q1 according to their latest regulatory filings, with 172 funds opening new positions, 488 increasing their positions, 443 reducing their positions, and 87 closing their positions.
98% more first-time investments, than exits
New positions opened: 172 | Existing positions closed: 87
14% more capital invested
Capital invested by funds: $63.8B → $72.8B (+$8.95B)
10% more repeat investments, than reductions
Existing positions increased: 488 | Existing positions reduced: 443
6% more funds holding
Funds holding: 1,184 → 1,254 (+70)
6% more call options, than puts
Call options by funds: $528M | Put options by funds: $500M
0.22% less ownership
Funds ownership: 86.15% → 85.93% (-0.22%)
4% less funds holding in top 10
Funds holding in top 10: 26 → 25 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$409M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$383M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$313M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$225M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$138M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$213M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$156M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$132M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$112M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$110M |
CDNS Hedge Fund Activity: Q1 2024 in Review
1,254 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Cadence Design Systems (CDNS) for Q1 2024, worth a combined $72.8B — up 14% from $63.8B a quarter earlier.
Buyers outnumbered sellers: 172 funds opened new CDNS positions and 87 closed out — a net gain of 85 holders — while 488 added to existing stakes and 443 trimmed.
The largest buyer was Franklin Resources, adding an estimated $409M. The largest seller was Neuberger Berman Group, cutting an estimated $213M.
- 1,254 institutional investors held Cadence Design Systems (CDNS) as of Q1 2024, up from 1,184 in Q4 2023.
- Funds reported $72.8B of Cadence Design Systems stock for Q1 2024, up 14% quarter-over-quarter.
- 172 funds opened new Cadence Design Systems positions in Q1 2024 and 87 closed out, a net change of +85 holders.
- The largest Cadence Design Systems buyer in Q1 2024 was Franklin Resources, an estimated $409M added.
- The largest Cadence Design Systems seller in Q1 2024 was Neuberger Berman Group, an estimated $213M sold.
Based on aggregated 13F filings for Q1 2024.