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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

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

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
Capital Research Global Investors
1
Capital Research Global Investors
California
$117M +$46.9M +3,713,197 +42%
BlackRock
2
BlackRock
New York
$105M -$18.4M -1,454,110 -12%
Vanguard Group
3
Vanguard Group
Pennsylvania
$73.7M +$2.46M +194,968 +3%
State Street
4
State Street
Massachusetts
$59.6M +$30.1M +2,381,087 +60%
T. Rowe Price Investment Management
5
T. Rowe Price Investment Management
Maryland
$35.1M +$15.2M +1,202,399 +48%
JP Morgan Chase
6
JP Morgan Chase
New York
$34.2M +$19.5M +1,547,127 +74%
Point72 Asset Management
7
Point72 Asset Management
Connecticut
$32.3M -$4.86M -384,995 -10%
SSA
8
Schonfeld Strategic Advisors
New York
$29.5M +$39.6M +3,132,500 New
PAMP
9
Polar Asset Management Partners
Ontario, Canada
$25.6M +$14.6M +1,154,614 +74%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$17.1M +$1.11M +88,271 +5%
Principal Financial Group
11
Principal Financial Group
Iowa
$14.8M -$275K -21,806 -1%
SPPAM
12
Summit Partners Public Asset Management
Massachusetts
$14.3M -$4.03M -319,363 -17%
Northern Trust
13
Northern Trust
Illinois
$8.37M +$166K +13,143 +2%
DCM
14
Discovery Capital Management
Connecticut
$7.87M +$9.04M +715,666 +597%
AllianceBernstein
15
AllianceBernstein
Tennessee
$7.62M -$1.11M -87,669 -10%
Primecap Management
16
Primecap Management
California
$7.12M +$8.63M +683,350 +939%
MC
17
Maverick Capital
Texas
$6.86M -$4.13M -327,273 -31%
Charles Schwab
18
Charles Schwab
California
$6.48M +$50.1K +3,969 +0.6%
SI
19
Scout Investments
Missouri
$5.85M -$93K -7,363 -1%
Bank of America
20
Bank of America
North Carolina
$5.6M +$4.16M +329,307 +124%
Goldman Sachs
21
Goldman Sachs
New York
$5.57M +$2.4M +190,050 +47%
CS
22
Cisco Systems
California
$5.48M -$10.7M -850,785 -59%
EA
23
Emerald Advisers
Pennsylvania
$5.43M +$2.94M +232,828 +68%
American Century Companies
24
American Century Companies
Missouri
$5.31M +$7.14M +565,223 New
EMFAT
25
Emerald Mutual Fund Advisers Trust
Pennsylvania
$4.48M +$2.07M +164,166 +53%
1
2 3 4 5

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.