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Credo Technology Group
CRDO

178 hedge funds and large institutions have $2.22B invested in Credo Technology Group in 2023 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 85 increasing their positions, 36 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

604% more call options, than puts

Call options by funds: $62.1M | Put options by funds: $8.82M

229% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 14

136% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 36

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

65% more capital invested

Capital invested by funds: $1.34B → $2.22B (+$875M)

22% more funds holding

Funds holding: 146 → 178 (+32)

12.64% more ownership

Funds ownership: 58.59% → 71.23% (+13%)

Holders
178
Holders Change
+32
Holders Change %
+21.92%
% of All Funds
2.6%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
46
Increased
85
Reduced
36
Closed
14
Calls
$62.1M
Puts
$8.82M
Net Calls
+$53.3M
Net Calls Change
+$15.4M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$95.9M
2
Citadel Advisors
Citadel Advisors
Florida
+$50.2M
3
JP Morgan Chase
JP Morgan Chase
New York
+$40.2M
4
Jennison Associates
Jennison Associates
New York
+$39.6M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$30.7M

Top Sellers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$48.3M
2
Point72 Asset Management
Point72 Asset Management
Connecticut
-$23.4M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$13.9M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
-$10.9M
5
Capital Research Global Investors
Capital Research Global Investors
California
-$8.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
101
Envestnet Asset Management
Illinois
$922K +$229K +13,464 +40%
DTL
102
Dynamic Technology Lab
Singapore
$892K +$779K +45,824 New
VOYA Investment Management
103
VOYA Investment Management
Georgia
$870K +$98K +5,770 +15%
Mirae Asset Global Investments
104
Mirae Asset Global Investments
South Korea
$836K – – –
RA
105
Royce & Associates
New York
$779K – – –
Thrivent Financial for Lutherans
106
Thrivent Financial for Lutherans
Minnesota
$764K +$667K +39,242 New
Franklin Resources
107
Franklin Resources
California
$699K – – –
Wells Fargo
108
Wells Fargo
California
$698K +$168K +9,877 +38%
Royal Bank of Canada
109
Royal Bank of Canada
Ontario, Canada
$676K +$380K +22,359 +181%
CAPTRUST Financial Advisors
110
CAPTRUST Financial Advisors
North Carolina
$673K -$169K -9,966 -22%
Neuberger Berman Group
111
Neuberger Berman Group
New York
$639K -$534K -31,454 -49%
ASRS
112
Arizona State Retirement System
Arizona
$612K -$6.46K -380 -1%
GC
113
Guggenheim Capital
Illinois
$609K +$531K +31,269 New
Verition Fund Management
114
Verition Fund Management
Connecticut
$584K +$182K +10,721 +56%
State Board of Administration of Florida Retirement System
115
State Board of Administration of Florida Retirement System
Florida
$580K +$30.2K +1,780 +6%
TI
116
Trexquant Investment
Connecticut
$522K +$455K +26,797 New
SO
117
STRS Ohio
Ohio
$519K +$51K +3,000 +13%
DT
118
Diversified Trust
Tennessee
$500K +$105K +6,196 +32%
Walleye Capital
119
Walleye Capital
New York
$489K +$427K +25,104 New
CM
120
Caption Management
Oklahoma
$487K +$425K +25,000 New
AR
121
Advisory Research
Illinois
$477K +$417K +24,518 New
US Bancorp
122
US Bancorp
Minnesota
$477K +$121K +7,146 +41%
GT
123
Glenmede Trust
Pennsylvania
$455K +$157K +9,248 +65%
MG
124
Marex Group
$453K +$396K +23,284 New
ZCM
125
Ziegler Capital Management
Illinois
$411K – – –
3 4
5
6 7

CRDO Hedge Fund Activity: Q4 2023 in Review

178 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Credo Technology Group (CRDO) for Q4 2023, worth a combined $2.22B — up 65% from $1.34B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new CRDO positions and 14 closed out — a net gain of 32 holders — while 85 added to existing stakes and 36 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $95.9M. The largest seller was T. Rowe Price Investment Management, exiting entirely with an estimated $48.3M sold.

  • 178 institutional investors held Credo Technology Group (CRDO) as of Q4 2023, up from 146 in Q3 2023.
  • Funds reported $2.22B of Credo Technology Group stock for Q4 2023, up 65% quarter-over-quarter.
  • 46 funds opened new Credo Technology Group positions in Q4 2023 and 14 closed out, a net change of +32 holders.
  • The largest Credo Technology Group buyer in Q4 2023 was Morgan Stanley, an estimated $95.9M added.
  • The largest Credo Technology Group seller in Q4 2023 was T. Rowe Price Investment Management, an estimated $48.3M sold.

Based on aggregated 13F filings for Q4 2023.