Cadian Capital Management, L.P. is an investment fund managing more than $2.01 trillion ran by Conor O'brien. There are currently 29 companies in Mr. O'brien’s portfolio. The largest investments include Braze Inc and Varonis Sys Inc, together worth $373 billion.
As of 7th August 2024, Cadian Capital Management, L.P.’s top holding is 4,900,944 shares of Braze Inc currently worth over $190 billion and making up 9.5% of the portfolio value.
In addition, the fund holds 3,801,242 shares of Varonis Sys Inc worth $182 billion.
The third-largest holding is Planet Fitness Inc worth $171 billion and the next is Procore Technologies worth $147 billion, with 2,210,832 shares owned.
Currently, Cadian Capital Management, L.P.'s portfolio is worth at least $2.01 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Cadian Capital Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Conor O'brien serves as the Chief Financial Officer at Cadian Capital Management, L.P..
In the most recent 13F filing, Cadian Capital Management, L.P. revealed that it had opened a new position in
Elastic N.V and bought 1,196,529 shares worth $136 billion.
This means they effectively own approximately 0.1% of the company.
Elastic N.V makes up
19.8%
of the fund's Technology sector allocation and has grown its share price by 74.8% in the past year.
The investment fund also strengthened its position in Braze Inc by buying
3,302,114 additional shares.
This makes their stake in Braze Inc total 4,900,944 shares worth $190 billion.
On the other hand, there are companies that Cadian Capital Management, L.P. is getting rid of from its portfolio.
Cadian Capital Management, L.P. closed its position in HubSpot Inc on 14th August 2024.
It sold the previously owned 344,157 shares for $200 billion.
Conor O'brien also disclosed a decreased stake in Planet Fitness Inc by 0.5%.
This leaves the value of the investment at $171 billion and 2,321,046 shares.
The two most similar investment funds to Cadian Capital Management, L.P. are Edge Capital and Clearstead Advisors. They manage $2.01 trillion and $2.01 trillion respectively.
Cadian Capital Management, L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 34.3% of
the total portfolio value.
The fund focuses on investments in the United States as
51.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
approximately 0.1% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $3.47 billion.
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| HubSpot Inc |
Closed
344,157
|
$199,796,905,000 | |
| Braze Inc |
206.53%
4,900,944
|
$190,352,665,000 | 9.47% |
| Varonis Sys Inc |
20.63%
3,801,242
|
$182,345,579,000 | 9.07% |
| Planet Fitness Inc |
47.61%
2,321,046
|
$170,805,775,000 | 8.50% |
| Procore Technologies, Inc. |
40.54%
2,210,832
|
$146,600,270,000 | 7.29% |
| Elastic N.V |
Opened
1,196,529
|
$136,296,618,000 | 6.78% |
| Remitly Global Inc |
Opened
9,680,860
|
$117,332,023,000 | 5.84% |
| Criteo S.A |
32.74%
2,851,418
|
$107,555,487,000 | 5.35% |
| Sprout Social, Inc. |
Opened
2,963,270
|
$105,729,474,000 | 5.26% |
| Global E Online Ltd |
Opened
2,835,742
|
$102,852,362,000 | 5.12% |
| Guardant Health Inc |
341.10%
3,131,808
|
$90,446,615,000 | 4.50% |
| Palo Alto Networks Inc |
Closed
270,716
|
$79,828,734,000 | |
| New York Times Co. |
Closed
1,609,373
|
$78,843,183,000 | |
| Hyatt Hotels Corporation |
Closed
581,800
|
$75,872,538,000 | |
| Us Foods Hldg Corp |
364.99%
1,371,709
|
$72,673,143,000 | 3.62% |
| Pegasystems Inc. |
Closed
1,478,696
|
$72,249,087,000 | |
| IQVIA Holdings Inc |
Closed
303,000
|
$70,108,140,000 | |
| Omnicell Com |
3,706.72%
2,474,367
|
$66,981,115,000 | 3.33% |
| Sprinklr, Inc. |
57.57%
6,177,793
|
$59,430,369,000 | 2.96% |
| BigCommerce Holdings, Inc. |
9.27%
6,852,922
|
$55,234,551,000 | 2.75% |
| Liberty Media Corp. |
Closed
3,225,384
|
$92,767,576,000 | |
| Bath Body Works Inc |
6.44%
1,263,000
|
$49,320,150,000 | 2.45% |
| Openlane Inc. |
Opened
2,611,098
|
$43,318,116,000 | 2.15% |
| Mirum Pharmaceuticals Inc |
36.17%
1,235,121
|
$42,228,787,000 | 2.10% |
| Nutanix Inc |
Opened
731,000
|
$41,557,350,000 | 2.07% |
| Smartsheet Inc |
Opened
821,750
|
$36,222,740,000 | 1.80% |
| Lithia Mtrs Inc |
55.70%
141,750
|
$35,784,788,000 | 1.78% |
| CryoPort Inc |
33.38%
4,620,433
|
$31,927,192,000 | 1.59% |
| Maxcyte Inc |
35.04%
7,622,941
|
$29,881,929,000 | 1.49% |
| Aurora Innovation Inc |
136.55%
9,696,961
|
$26,860,582,000 | 1.34% |
| Group 1 Automotive, Inc. |
Opened
89,360
|
$26,564,941,000 | 1.32% |
| Tactile Sys Technology Inc |
21.55%
2,120,983
|
$25,324,537,000 | 1.26% |
| Alphabet Inc |
Closed
111,818
|
$15,619,856,000 | |
| Catalent Inc. |
96.44%
216,000
|
$12,145,680,000 | 0.60% |
| Microsoft Corporation |
Closed
13,500
|
$5,076,540,000 | |
| Bowlero Corp |
53.52%
134,343
|
$1,946,630,000 | 0.10% |
| Nano-X Imaging Ltd. |
Opened
170,000
|
$1,247,800,000 | 0.06% |
| Microvision Inc. |
Opened
1,130,644
|
$1,198,483,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 38 holdings | |||