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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$46.9M |
| 2 |
SSA
Schonfeld Strategic Advisors
New York
|
+$39.6M |
| 3 |
State Street
Boston,
Massachusetts
|
+$30.1M |
| 4 |
JP Morgan Chase
New York
|
+$19.5M |
| 5 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$41.1M |
| 2 |
BlackRock
New York
|
-$18.4M |
| 3 |
CS
Cisco Systems
San Jose,
California
|
-$10.7M |
| 4 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$9.4M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$4.86M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OIA
126
Optimum Investment Advisors
Chicago,
Illinois
| – | -$121K | -9,095 | Closed |
|
|
MLICM
127
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$80.1K | -6,017 | Closed |
|
|
AS
128
Altshuler Shaham
Tel Aviv,
Israel
| – | -$39.6K | -2,972 | Closed |
|
|
MA
129
MCF Advisors
Covington,
Kentucky
| – | -$11.9K | -891 | Closed |
|
|
CSS
130
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$9.18K | -690 | Closed |
|
131
Nomura Holdings
Tokyo,
Japan
| – | -$5.92K | -469 | Closed |
|
|
BAM
132
Belpointe Asset Management
Reno,
Nevada
| – | -$2.57K | -193 | Closed |
|
|
NA
133
NewEdge Advisors
New Orleans,
Louisiana
| – | -$785 | -59 | Closed |
|
134
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$619 | +49 | New |
|
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.