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Credo Technology Group
CRDO

110 hedge funds and large institutions have $712M invested in Credo Technology Group in 2023 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 48 increasing their positions, 22 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

806% more call options, than puts

Call options by funds: $15M | Put options by funds: $1.65M

118% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 22

24% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 25

5.54% more ownership

Funds ownership: 45.54% → 51.09% (+5.5%)

4% more funds holding

Funds holding: 106 → 110 (+4)

20% less capital invested

Capital invested by funds: $890M → $712M (-$177M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
110
Holders Change
+4
Holders Change %
+3.77%
% of All Funds
1.75%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
31
Increased
48
Reduced
22
Closed
25
Calls
$15M
Puts
$1.65M
Net Calls
+$13.3M
Net Calls Change
-$12.6M

Top Buyers

Rank Fund Capital Flow
1
Capital Research Global Investors
Capital Research Global Investors
California
+$46.9M
2
SSA
Schonfeld Strategic Advisors
New York
+$39.6M
3
State Street
State Street
Massachusetts
+$30.1M
4
JP Morgan Chase
JP Morgan Chase
New York
+$19.5M
5
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$15.2M

Top Sellers

Rank Fund Capital Flow
1
HRCM
Hood River Capital Management
Florida
-$41.1M
2
BlackRock
BlackRock
New York
-$18.4M
3
CS
Cisco Systems
California
-$10.7M
4
NCGI
Next Century Growth Investors
Minnesota
-$9.4M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
-$4.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$4.47M +$5.99M +474,260 New
SST
27
S Squared Technology
New York
$3.77M +$5.05M +400,000 New
Ameriprise
28
Ameriprise
Minnesota
$3.76M +$950K +75,193 +23%
CIC
29
Carnegie Investment Counsel
Ohio
$3.75M +$2.37M +187,800 +89%
PHK
30
Point72 Hong Kong
Hong Kong
$3.58M +$4.8M +380,000 New
Citadel Advisors
31
Citadel Advisors
Florida
$3.55M +$4.76M +377,149 New
Bank of New York Mellon
32
Bank of New York Mellon
New York
$3.01M -$190K -15,013 -4%
SBH
33
Segall Bryant & Hamill
Illinois
$2.74M +$46.3K +3,667 +1%
Renaissance Technologies
34
Renaissance Technologies
New York
$2.67M +$3.58M +283,538 New
Voloridge Investment Management
35
Voloridge Investment Management
Florida
$2.27M +$1.13M +89,557 +59%
Barclays
36
Barclays
United Kingdom
$2.17M +$1.15M +90,763 +65%
SAM
37
Silvercrest Asset Management
New York
$2.04M +$2.73M +216,235 New
Neuberger Berman Group
38
Neuberger Berman Group
New York
$1.99M +$786K +62,239 +42%
MOACM
39
Mutual of America Capital Management
New York
$1.97M +$378K +29,904 +17%
Morgan Stanley
40
Morgan Stanley
New York
$1.94M +$491K +38,843 +23%
Swiss National Bank
41
Swiss National Bank
Switzerland
$1.78M -$282K -22,300 -11%
Jane Street
42
Jane Street
New York
$1.73M +$1.84M +145,813 +383%
State of Wisconsin Investment Board
43
State of Wisconsin Investment Board
Wisconsin
$1.5M +$609K +48,220 +43%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$1.15M +$127K +10,085 +9%
California State Teachers Retirement System (CalSTRS)
45
California State Teachers Retirement System (CalSTRS)
California
$1.07M -$17.3K -1,368 -1%
UBS AM
46
UBS AM
Illinois
$978K +$196K +15,559 +18%
IECM
47
Intrinsic Edge Capital Management
Illinois
$942K +$1.26M +100,000 New
Victory Capital Management
48
Victory Capital Management
Texas
$926K +$1.24M +98,334 New
TD Asset Management
49
TD Asset Management
Ontario, Canada
$892K +$385K +30,492 +47%
TC
50
TwinBeech Capital
New York
$879K +$1.18M +93,279 New
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CRDO Hedge Fund Activity: Q1 2023 in Review

110 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Credo Technology Group (CRDO) for Q1 2023, worth a combined $712M — down 20% from $890M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new CRDO positions and 25 closed out — a net gain of 6 holders — while 48 added to existing stakes and 22 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $46.9M. The largest seller was Hood River Capital Management, exiting entirely with an estimated $41.1M sold.

  • 110 institutional investors held Credo Technology Group (CRDO) as of Q1 2023, up from 106 in Q4 2022.
  • Funds reported $712M of Credo Technology Group stock for Q1 2023, down 20% quarter-over-quarter.
  • 31 funds opened new Credo Technology Group positions in Q1 2023 and 25 closed out, a net change of +6 holders.
  • The largest Credo Technology Group buyer in Q1 2023 was Capital Research Global Investors, an estimated $46.9M added.
  • The largest Credo Technology Group seller in Q1 2023 was Hood River Capital Management, an estimated $41.1M sold.

Based on aggregated 13F filings for Q1 2023.