Cadian Capital Management, L.P. 13F annual report

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.

$2.01 trillion Assets Under Management (AUM)

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.

Careers at Cadian Capital Management, L.P.

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..

Recent trades

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.

One of the largest hedge funds

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.

Conor O'brien investment strategy

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.

The complete list of Cadian Capital Management, L.P. trades based on 13F SEC filings

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
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