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Credo Technology Group
CRDO

101 hedge funds and large institutions have $654M invested in Credo Technology Group in 2022 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 50 increasing their positions, 10 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

12,213% more call options, than puts

Call options by funds: $15.6M | Put options by funds: $127K

400% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 10

250% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 10

73% more capital invested

Capital invested by funds: $379M → $654M (+$275M)

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

33% more funds holding

Funds holding: 76 → 101 (+25)

18.14% more ownership

Funds ownership: 22.67% → 40.81% (+18%)

Holders
101
Holders Change
+25
Holders Change %
+32.89%
% of All Funds
1.74%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
35
Increased
50
Reduced
10
Closed
10
Calls
$15.6M
Puts
$127K
Net Calls
+$15.5M
Net Calls Change
+$13.8M

Top Buyers

1
BlackRock
BlackRock
New York
+$121M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$66.3M
3
State Street
State Street
Massachusetts
+$34.2M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
+$28.6M
5
SPPAM
Summit Partners Public Asset Management
Massachusetts
+$16.5M

Top Sellers

1
GIP
Granite Investment Partners
California
-$11.4M
2
GGHC
Gilder Gagnon Howe & Co
New York
-$7.77M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$4.23M
4
First Trust Advisors
First Trust Advisors
Illinois
-$2.1M
5
SC
Shellback Capital
Massachusetts
-$1.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$140M +$121M +9,162,371 +255%
Capital Research Global Investors
2
Capital Research Global Investors
California
$96.3M – – –
Vanguard Group
3
Vanguard Group
Pennsylvania
$76.3M +$66.3M +5,029,051 +263%
Point72 Asset Management
4
Point72 Asset Management
Connecticut
$43.7M +$28.6M +2,172,475 +121%
HRCM
5
Hood River Capital Management
Florida
$34.7M +$8.46M +641,869 +26%
State Street
6
State Street
Massachusetts
$32.5M +$34.2M +2,591,741 +713%
MAG
7
Mass Ave Global
New York
$28.9M -$1.41M -106,994 -4%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$18.4M +$15.8M +1,198,177 +253%
Principal Financial Group
9
Principal Financial Group
Iowa
$18.1M +$1.44M +108,916 +7%
CS
10
Cisco Systems
California
$15.8M – – –
SPPAM
11
Summit Partners Public Asset Management
Massachusetts
$13.8M +$16.5M +1,250,831 New
Goldman Sachs
12
Goldman Sachs
New York
$13.1M +$15.3M +1,164,040 +3,878%
AllianceBernstein
13
AllianceBernstein
Tennessee
$9.81M +$11.4M +863,042 +2,966%
Millennium Management
14
Millennium Management
New York
$9.63M +$9.29M +705,002 +413%
Northern Trust
15
Northern Trust
Illinois
$8.93M +$2.41M +183,131 +29%
ECP
16
Elemental Capital Partners
California
$8.6M +$10.3M +781,853 New
NCGI
17
Next Century Growth Investors
Minnesota
$7.68M +$5.55M +420,961 +152%
Charles Schwab
18
Charles Schwab
California
$7.38M +$6.87M +521,274 +349%
SI
19
Scout Investments
Missouri
$7.03M -$238K -18,068 -3%
PAMP
20
Polar Asset Management Partners
Ontario, Canada
$5.92M -$4.23M -320,700 -37%
PHK
21
Point72 Hong Kong
Hong Kong
$4.13M +$4.95M +375,800 New
CMG
22
Cavalry Management Group
California
$4.11M +$4.93M +373,962 New
EA
23
Emerald Advisers
Pennsylvania
$3.73M +$3.96K +300 +0.1%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$3.71M +$2.96M +224,760 +200%
Ameriprise
25
Ameriprise
Minnesota
$3.58M -$35.7K -2,708 -0.8%
1
2 3 4 5

CRDO Hedge Fund Activity: Q3 2022 in Review

101 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Credo Technology Group (CRDO) for Q3 2022, worth a combined $654M — up 73% from $379M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new CRDO positions and 10 closed out — a net gain of 25 holders — while 50 added to existing stakes and 10 trimmed.

The largest buyer was BlackRock, adding an estimated $121M. The largest seller was Granite Investment Partners, exiting entirely with an estimated $11.4M sold.

  • 101 institutional investors held Credo Technology Group (CRDO) as of Q3 2022, up from 76 in Q2 2022.
  • Funds reported $654M of Credo Technology Group stock for Q3 2022, up 73% quarter-over-quarter.
  • 35 funds opened new Credo Technology Group positions in Q3 2022 and 10 closed out, a net change of +25 holders.
  • The largest Credo Technology Group buyer in Q3 2022 was BlackRock, an estimated $121M added.
  • The largest Credo Technology Group seller in Q3 2022 was Granite Investment Partners, an estimated $11.4M sold.

Based on aggregated 13F filings for Q3 2022.