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Grid Dynamics Holdings
GDYN

143 hedge funds and large institutions have $730M invested in Grid Dynamics Holdings in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 48 increasing their positions, 49 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more call options, than puts

Call options by funds: $45K | Put options by funds: $25K

50% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 16

16% more capital invested

Capital invested by funds: $630M → $730M (+$100M)

4% more funds holding

Funds holding: 137 → 143 (+6)

3.84% more ownership

Funds ownership: 68.61% → 72.45% (+3.8%)

2% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 49

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
143
Holders Change
+6
Holders Change %
+4.38%
% of All Funds
2.08%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
24
Increased
48
Reduced
49
Closed
16
Calls
$45K
Puts
$25K
Net Calls
+$20K
Net Calls Change
-$757K

Top Buyers

1
DCM
Driehaus Capital Management
Illinois
+$10.7M
2
Deutsche Bank
Deutsche Bank
Germany
+$10.4M
3
AllianceBernstein
AllianceBernstein
Tennessee
+$6.89M
4
Morgan Stanley
Morgan Stanley
New York
+$6.03M
5
SAM
Silvercrest Asset Management
New York
+$5.15M

Top Sellers

1
GIM
Granahan Investment Management
Massachusetts
-$16.9M
2
KCM
Kornitzer Capital Management
Kansas
-$6.91M
3
2C
272 Capital
Texas
-$4.63M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$2.26M
5
Jennison Associates
Jennison Associates
New York
-$2.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
1
Wasatch Advisors
Utah
$96.7M +$2.4M +197,063 +3%
BlackRock
2
BlackRock
New York
$63.7M +$3.79M +310,979 +7%
Vanguard Group
3
Vanguard Group
Pennsylvania
$55.2M +$1.59M +130,342 +3%
RP
4
Riverbridge Partners
Minnesota
$47.6M -$947K -77,734 -2%
BAMCO Inc
5
BAMCO Inc
New York
$40M – – –
AllianceBernstein
6
AllianceBernstein
Tennessee
$33M +$6.89M +565,202 +30%
Jennison Associates
7
Jennison Associates
New York
$30.8M -$2.23M -182,625 -7%
Wellington Management Group
8
Wellington Management Group
Massachusetts
$25M +$4.83M +396,320 +27%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$24.1M +$345K +28,311 +2%
FCM
10
Frontier Capital Management
Massachusetts
$19.1M -$546K -44,788 -3%
Morgan Stanley
11
Morgan Stanley
New York
$18.9M +$6.03M +494,713 +53%
State Street
12
State Street
Massachusetts
$18.6M +$784K +64,301 +5%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$18.2M +$2.48M +203,299 +18%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$16.9M +$720K +59,039 +5%
Bank of America
15
Bank of America
North Carolina
$14M -$37.2K -3,049 -0.3%
Thrivent Financial for Lutherans
16
Thrivent Financial for Lutherans
Minnesota
$13.5M -$2.26M -185,663 -16%
SCA
17
Summit Creek Advisors
Minnesota
$12.1M -$887K -72,817 -7%
GIM
18
Granahan Investment Management
Massachusetts
$11.8M -$16.9M -1,384,126 -61%
William Blair & Company
19
William Blair & Company
Illinois
$11.7M -$297K -24,358 -3%
Deutsche Bank
20
Deutsche Bank
Germany
$11.7M +$10.4M +852,434 +3,109%
DCM
21
Driehaus Capital Management
Illinois
$11.7M +$10.7M +876,818 New
Northern Trust
22
Northern Trust
Illinois
$10.3M -$93K -7,628 -1%
Ensign Peak Advisors
23
Ensign Peak Advisors
Utah
$7.28M +$3.92M +321,807 +143%
Charles Schwab
24
Charles Schwab
California
$5.72M +$5.25K +431 +0.1%
SAM
25
Silvercrest Asset Management
New York
$5.63M +$5.15M +422,429 New
1
2 3 4 5

GDYN Hedge Fund Activity: Q4 2023 in Review

143 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Grid Dynamics Holdings (GDYN) for Q4 2023, worth a combined $730M — up 16% from $630M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new GDYN positions and 16 closed out — a net gain of 8 holders — while 48 added to existing stakes and 49 trimmed.

The largest buyer was Driehaus Capital Management, opening a new position worth an estimated $10.7M. The largest seller was Granahan Investment Management, cutting an estimated $16.9M.

  • 143 institutional investors held Grid Dynamics Holdings (GDYN) as of Q4 2023, up from 137 in Q3 2023.
  • Funds reported $730M of Grid Dynamics Holdings stock for Q4 2023, up 16% quarter-over-quarter.
  • 24 funds opened new Grid Dynamics Holdings positions in Q4 2023 and 16 closed out, a net change of +8 holders.
  • The largest Grid Dynamics Holdings buyer in Q4 2023 was Driehaus Capital Management, an estimated $10.7M added.
  • The largest Grid Dynamics Holdings seller in Q4 2023 was Granahan Investment Management, an estimated $16.9M sold.

Based on aggregated 13F filings for Q4 2023.