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CMRC

Commerce.com Inc Series 1
CMRC

153 hedge funds and large institutions have $556M invested in Commerce.com Inc Series 1 in 2023 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 53 increasing their positions, 45 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more call options, than puts

Call options by funds: $2.59M | Put options by funds: $1.46M

18% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 45

14% more capital invested

Capital invested by funds: $490M → $556M (+$66.6M)

1.08% more ownership

Funds ownership: 73.91% → 74.99% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3% less funds holding

Funds holding: 157 → 153 (-4)

16% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 25

Holders
153
Holders Change
-4
Holders Change %
-2.55%
% of All Funds
2.4%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
21
Increased
53
Reduced
45
Closed
25
Calls
$2.59M
Puts
$1.46M
Net Calls
+$1.13M
Net Calls Change
-$1.22M

Top Buyers

1
CCM
Cadian Capital Management
New York
+$42.3M
2
WA
Wasatch Advisors
Utah
+$16.3M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$13.6M
4
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
+$3.45M
5
BlackRock
BlackRock
New York
+$3.34M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$20.7M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$15M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$11.9M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$8.71M
5
Millennium Management
Millennium Management
New York
-$6.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$82.1M +$13.6M +1,627,409 +25%
CCM
2
Cadian Capital Management
New York
$50.5M +$42.3M +5,076,592 New
BlackRock
3
BlackRock
New York
$47.4M +$3.34M +401,237 +9%
WA
4
Wasatch Advisors
Utah
$42.1M +$16.3M +1,953,052 +86%
Morgan Stanley
5
Morgan Stanley
New York
$32.5M -$20.7M -2,486,662 -43%
LECM
6
Lead Edge Capital Management
New York
$19.3M – – –
Franklin Resources
7
Franklin Resources
California
$14.2M +$291K +34,924 +3%
ClearBridge Investments
8
ClearBridge Investments
New York
$13.2M +$1.64M +196,709 +17%
State Street
9
State Street
Massachusetts
$13.1M +$146K +17,545 +1%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$13.1M +$438K +52,502 +4%
Citadel Advisors
11
Citadel Advisors
Florida
$12.9M -$1.52M -181,962 -12%
Renaissance Technologies
12
Renaissance Technologies
New York
$12.2M -$2.1M -251,740 -17%
GCGM
13
General Catalyst Group Management
Massachusetts
$11.9M – – –
Norges Bank
14
Norges Bank
Norway
$11.7M +$71.3K +8,549 +0.7%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$11.3M +$278K +33,365 +3%
DI
16
DUMAC Inc
North Carolina
$10.5M – – –
GC
17
GGV Capital
California
$10.1M -$2.4M -287,816 -22%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
18
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$9.71M +$3.45M +414,000 +74%
CC
19
Clearline Capital
New York
$9.44M +$170K +20,375 +2%
SI
20
Sapience Investments
California
$8.79M +$437K +52,414 +6%
KCM
21
Kornitzer Capital Management
Kansas
$8.29M – – –
Goldman Sachs
22
Goldman Sachs
New York
$7.6M -$360K -43,180 -5%
Northern Trust
23
Northern Trust
Illinois
$6.17M +$181K +21,678 +4%
2C
24
272 Capital
Texas
$5.62M +$745K +89,390 +19%
PCM
25
Penserra Capital Management
California
$5.36M +$1.74M +208,727 +63%
1
2 3 4 5

CMRC Hedge Fund Activity: Q2 2023 in Review

153 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Commerce.com Inc Series 1 (CMRC) for Q2 2023, worth a combined $556M — up 14% from $490M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of CMRC and 21 opened new positions — a net loss of 4 holders — while 45 trimmed existing stakes and 53 added.

The largest buyer was Cadian Capital Management, opening a new position worth an estimated $42.3M. The largest seller was Morgan Stanley, cutting an estimated $20.7M.

  • 153 institutional investors held Commerce.com Inc Series 1 (CMRC) as of Q2 2023, down from 157 in Q1 2023.
  • Funds reported $556M of Commerce.com Inc Series 1 stock for Q2 2023, up 14% quarter-over-quarter.
  • 21 funds opened new Commerce.com Inc Series 1 positions in Q2 2023 and 25 closed out, a net change of -4 holders.
  • The largest Commerce.com Inc Series 1 buyer in Q2 2023 was Cadian Capital Management, an estimated $42.3M added.
  • The largest Commerce.com Inc Series 1 seller in Q2 2023 was Morgan Stanley, an estimated $20.7M sold.

Based on aggregated 13F filings for Q2 2023.