Cricut
CRCT
70 hedge funds and large institutions have $784M invested in Cricut in 2021 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 6 increasing their positions, 16 reducing their positions, and 19 closing their positions.
207% more capital invested
Capital invested by funds: $255M → $784M (+$529M)
147% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 19
67% more funds holding
Funds holding: 42 → 70 (+28)
28.01% more ownership
Funds ownership: 84.24% → 112.25% (+28%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
63% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Abdiel Capital Advisors
New York
|
+$101M |
| 2 |
Morgan Stanley
New York
|
+$54.5M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$31.4M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$30M |
| 5 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$21.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$24.9M |
| 2 |
VCM
Vector Capital Management
San Francisco,
California
|
-$13.9M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$12.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$12.2M |
| 5 |
IM
Islet Management
New York
|
-$11.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NC
76
Nitorum Capital
New York
| – | -$2.97M | -150,000 | Closed |
|
77
Goldman Sachs
New York
| – | -$1.85M | -93,700 | Closed |
|
|
MIM
78
Monashee Investment Management
Boston,
Massachusetts
| – | -$1.78M | -90,000 | Closed |
|
79
Squarepoint
New York
| – | -$1.48M | -75,000 | Closed |
|
|
JGC
80
J. Goldman & Co
New York
| – | -$1.07M | -53,979 | Closed |
|
81
Legal & General Group
London,
United Kingdom
| – | -$991K | -50,000 | Closed |
|
|
PCM
82
Pinz Capital Management
New York
| – | -$594K | -30,000 | Closed |
|
|
LCM
83
Laurion Capital Management
New York
| – | -$495K | -25,000 | Closed |
|
|
ECM
84
ExodusPoint Capital Management
New York
| – | -$363K | -18,320 | Closed |
|
85
AllianceBernstein
Nashville,
Tennessee
| – | -$346K | -17,498 | Closed |
|
86
Balyasny Asset Management
Chicago,
Illinois
| – | -$297K | -15,000 | Closed |
|
87
JP Morgan Chase
New York
| – | -$198K | -10,000 | Closed |
|
|
LSA
88
Leonteq Securities AG
Zurich,
Switzerland
| – | -$119K | -6,000 | Closed |
|
|
FIA
89
FNY Investment Advisers
New York
| – | -$9K | -500 | Closed |
|
CRCT Hedge Fund Activity: Q2 2021 in Review
70 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Cricut (CRCT) for Q2 2021, worth a combined $784M — up 207% from $255M a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new CRCT positions and 19 closed out — a net gain of 28 holders — while 6 added to existing stakes and 16 trimmed.
The largest buyer was Abdiel Capital Advisors, opening a new position worth an estimated $101M. The largest seller was Franklin Resources, exiting entirely with an estimated $24.9M sold.
- 70 institutional investors held Cricut (CRCT) as of Q2 2021, up from 42 in Q1 2021.
- Funds reported $784M of Cricut stock for Q2 2021, up 207% quarter-over-quarter.
- 47 funds opened new Cricut positions in Q2 2021 and 19 closed out, a net change of +28 holders.
- The largest Cricut buyer in Q2 2021 was Abdiel Capital Advisors, an estimated $101M added.
- The largest Cricut seller in Q2 2021 was Franklin Resources, an estimated $24.9M sold.
Based on aggregated 13F filings for Q2 2021.