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Credo Technology Group
CRDO

137 hedge funds and large institutions have $1.41B invested in Credo Technology Group in 2023 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 45 increasing their positions, 38 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,391% more call options, than puts

Call options by funds: $46.8M | Put options by funds: $3.14M

150% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 18

97% more capital invested

Capital invested by funds: $712M → $1.41B (+$694M)

25% more funds holding

Funds holding: 110 → 137 (+27)

18% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 38

3.35% more ownership

Funds ownership: 51.09% → 54.44% (+3.4%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
137
Holders Change
+27
Holders Change %
+24.55%
% of All Funds
2.15%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
45
Increased
45
Reduced
38
Closed
18
Calls
$46.8M
Puts
$3.14M
Net Calls
+$43.7M
Net Calls Change
+$30.3M

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$44.2M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$20.9M
3
TC
Tairen Capital
Hong Kong
+$15.5M
4
Voloridge Investment Management
Voloridge Investment Management
Florida
+$9.74M
5
EA
Emerald Advisers
Pennsylvania
+$7.46M

Top Sellers

1
State Street
State Street
Massachusetts
-$23M
2
SSA
Schonfeld Strategic Advisors
New York
-$21.8M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$19.1M
4
SPPAM
Summit Partners Public Asset Management
Massachusetts
-$14.3M
5
MC
Maverick Capital
Texas
-$6.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
Capital Research Global Investors
1
Capital Research Global Investors
California
$219M +$1.92M +161,917 +1%
BlackRock
2
BlackRock
New York
$190M -$2.23M -187,848 -2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$166M +$20.9M +1,757,461 +22%
JP Morgan Chase
4
JP Morgan Chase
New York
$127M +$44.2M +3,721,248 +103%
State Street
5
State Street
Massachusetts
$76M -$23M -1,937,250 -31%
Point72 Asset Management
6
Point72 Asset Management
Connecticut
$64.1M +$3.21M +269,908 +8%
T. Rowe Price Investment Management
7
T. Rowe Price Investment Management
Maryland
$64M -$379K -31,865 -0.9%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$33.8M +$1.63M +136,741 +8%
Principal Financial Group
9
Principal Financial Group
Iowa
$27.5M +$138K +11,604 +0.7%
TC
10
Tairen Capital
Hong Kong
$22.6M +$15.5M +1,305,100 New
SSA
11
Schonfeld Strategic Advisors
New York
$22.5M -$21.8M -1,837,445 -59%
EA
12
Emerald Advisers
Pennsylvania
$20.9M +$7.46M +627,868 +109%
PAMP
13
Polar Asset Management Partners
Ontario, Canada
$19.3M -$19.1M -1,606,691 -59%
DCM
14
Discovery Capital Management
Connecticut
$18.5M +$2.75M +231,734 +28%
Voloridge Investment Management
15
Voloridge Investment Management
Florida
$18.4M +$9.74M +819,304 +340%
EMFAT
16
Emerald Mutual Fund Advisers Trust
Pennsylvania
$17.2M +$6.17M +518,733 +109%
Millennium Management
17
Millennium Management
New York
$16.8M +$5.87M +493,411 +104%
Northern Trust
18
Northern Trust
Illinois
$15.7M +$195K +16,400 +2%
Primecap Management
19
Primecap Management
California
$14.7M +$1.1M +92,450 +12%
American Century Companies
20
American Century Companies
Missouri
$13.6M +$2.63M +220,885 +39%
Morgan Stanley
21
Morgan Stanley
New York
$12.3M +$6.02M +506,175 +246%
Charles Schwab
22
Charles Schwab
California
$12.2M +$163K +13,740 +2%
AllianceBernstein
23
AllianceBernstein
Tennessee
$10.7M -$2.29M -192,951 -24%
NCGI
24
Next Century Growth Investors
Minnesota
$9.48M +$6.5M +546,964 New
SI
25
Scout Investments
Missouri
$9.43M -$676K -56,835 -9%
1
2 3 4 5

CRDO Hedge Fund Activity: Q2 2023 in Review

137 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Credo Technology Group (CRDO) for Q2 2023, worth a combined $1.41B — up 97% from $712M a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new CRDO positions and 18 closed out — a net gain of 27 holders — while 45 added to existing stakes and 38 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $44.2M. The largest seller was State Street, cutting an estimated $23M.

  • 137 institutional investors held Credo Technology Group (CRDO) as of Q2 2023, up from 110 in Q1 2023.
  • Funds reported $1.41B of Credo Technology Group stock for Q2 2023, up 97% quarter-over-quarter.
  • 45 funds opened new Credo Technology Group positions in Q2 2023 and 18 closed out, a net change of +27 holders.
  • The largest Credo Technology Group buyer in Q2 2023 was JP Morgan Chase, an estimated $44.2M added.
  • The largest Credo Technology Group seller in Q2 2023 was State Street, an estimated $23M sold.

Based on aggregated 13F filings for Q2 2023.