Equal-WT
WhaleScore 2.0
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Cadian Capital Management is based out of New York. Cadian Capital Management is a hedge fund with 6 clients and discretionary assets under management (AUM) of $4,404,440,501 (Form ADV from 2024-03-29). Their last reported 13F filing for Q2 2024 included $2,010,165,751 in managed 13F securities
and a top 10 holdings concentration of 67.17%. Cadian Capital Management's largest holding is Braze Inc with shares held of 4,900,944. Whalewisdom has at least 69 13F filings, 1 13D filings, and 207 13G filings
Business Description
Cadian Capital Management, LP tailors its services to the Funds in accordance with their governing documents. The firm does not participate in wrap fee programs and as of December 31, 2023, managed approximately $2,332,355,282 of client assets on a discretionary basis. They do not currently manage any client assets on a non-discretionary basis.
The firm has intentionally omitted its full fee schedule, as it is registered as an investment adviser with the SEC and this brochure is being delivered only to “qualified purchasers” as defined in Section 2(a)(51)(A) of the Investment Company Act of 1940, as amended.
Investment Strategy
The Funds aim for long-term capital appreciation by investing in equity securities of companies in various sectors, including telecommunications, media, technology, consumer, healthcare, industrials, financial services, and related sectors. They employ a value-oriented approach, relying on fundamental stock research and selection through a disciplined upside/downside analysis. The Funds prioritize minimizing market and systemic risks by seeking conservative net beta exposure through alpha generative long and short positions.
The Funds primarily invest in common stocks and may hold non-diversified, concentrated portfolios. They utilize long and short positions, margin borrowing, derivatives, and other instruments to enhance capital appreciation. Depending on market conditions and opportunities, the Funds may focus on specific sectors or explore investments in unrelated sectors. They also employ hedging techniques like currency hedging, short sales, and options writing to manage risk. The Opportunities Funds focus on high-conviction investments made by the Flagship Funds.
Known Email Addresses
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Other Contact Information
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| SPT Sprout Social, Inc. | 5.26% |
| ESTC Elastic NV | 4.44% |
| GLBE Global-E Online Ltd | 4.21% |
| BRZE Braze Inc | 2.33% |
| KAR KAR Auction Services | 1.93% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| CTLT Catalent Inc | 5.87% |
| HUBS Hubspot Inc | 4.66% |
| PLNT Planet Fitness Inc | 4.12% |
| CXM Sprinklr Inc | 2.62% |
| PEGA Pegasystems Inc. | 2.02% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| BRZE Braze Inc | 9.47% |
| VRNS Varonis Systems Inc | 9.07% |
| PLNT Planet Fitness Inc | 8.5% |
| PCOR Procore Technologies | 7.29% |
| ESTC Elastic NV | 6.78% |
2024-06-30
13F Activity
| Market Value | $2.01b, Prior: $2.81b |
| Inflows (Outflows) as % of Total MV | (-30.7278)% |
| New Purchases | 2 stocks |
| Added To | 11 stocks |
| Sold out of | 9 stocks |
| Reduced holdings in | 15 stocks |
| Top 10 Holdings % | 67.17% |
| Turnover %[1] | 28.95% |
| Turnover Alt %[2] | 20.43% |
| Time Held Top 20 | 3.1 quarters |
| Time Held Top 10 | 2.4 quarters |
| Time Held All | 3.31 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30