Credo Technology Group
CRDO
215 hedge funds and large institutions have $2.57B invested in Credo Technology Group in 2024 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 92 increasing their positions, 49 reducing their positions, and 23 closing their positions.
1,028% more call options, than puts
Call options by funds: $43.7M | Put options by funds: $3.88M
161% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 23
88% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 49
21% more funds holding
Funds holding: 178 → 215 (+37)
16% more capital invested
Capital invested by funds: $2.22B → $2.57B (+$350M)
2.99% more ownership
Funds ownership: 71.23% → 74.22% (+3%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$69.1M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$59.6M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$26.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$22.4M |
| 5 |
TCM
TimesSquare Capital Management
New York
|
+$22.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$105M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$75.7M |
| 3 |
JP Morgan Chase
New York
|
-$24.9M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$21.4M |
| 5 |
Jane Street
New York
|
-$18.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$673K | -34,565 | Closed |
|
|
CM
227
Caption Management
Oklahoma City,
Oklahoma
| – | -$523K | -25,000 | Closed |
|
|
AR
228
Advisory Research
Chicago,
Illinois
| – | -$477K | -24,518 | Closed |
|
|
MG
229
Marex Group
London,
| – | -$453K | -23,284 | Closed |
|
230
Acadian Asset Management
Boston,
Massachusetts
| – | -$402K | -20,735 | Closed |
|
|
AG
231
Algert Global
San Francisco,
California
| – | -$251K | -12,880 | Closed |
|
|
TSS
232
Two Sigma Securities
New York
| – | -$237K | -12,193 | Closed |
|
|
CG
233
Cutler Group
San Francisco,
California
| – | -$162K | -8,324 | Closed |
|
234
Walleye Trading
New York
| – | -$126K | -6,024 | Closed |
|
|
RA
235
RiverPark Advisors
New York
| – | -$30.8K | -1,583 | Closed |
|
|
AIM
236
Arcadia Investment Management
Kalamazoo,
Michigan
| – | -$26K | -1,334 | Closed |
|
|
QL
237
Quarry LP
New York
| – | -$12.5K | -642 | Closed |
|
|
EWA
238
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$4.87K | -250 | Closed |
|
CRDO Hedge Fund Activity: Q1 2024 in Review
215 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Credo Technology Group (CRDO) for Q1 2024, worth a combined $2.57B — up 16% from $2.22B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new CRDO positions and 23 closed out — a net gain of 37 holders — while 92 added to existing stakes and 49 trimmed.
The largest buyer was Invesco, adding an estimated $69.1M. The largest seller was Morgan Stanley, cutting an estimated $105M.
- 215 institutional investors held Credo Technology Group (CRDO) as of Q1 2024, up from 178 in Q4 2023.
- Funds reported $2.57B of Credo Technology Group stock for Q1 2024, up 16% quarter-over-quarter.
- 60 funds opened new Credo Technology Group positions in Q1 2024 and 23 closed out, a net change of +37 holders.
- The largest Credo Technology Group buyer in Q1 2024 was Invesco, an estimated $69.1M added.
- The largest Credo Technology Group seller in Q1 2024 was Morgan Stanley, an estimated $105M sold.
Based on aggregated 13F filings for Q1 2024.