Every quarter Lumida Wealth presents a visual summary of the 45+ hedge funds we track every quarter that shape the future investing trends.
Enjoy the visual summary below or Check out the full data along with Ram’s insights in spreadsheet format here.
Please note:
– AUM indicates assets under management in managed 13F securities only, the overall AUM due to other positions (Debt, options etc) may be higher.
– Color intensity indicates relative weight.
– Individual stock Rectangles optimized for mobile readability and are not to scale
– Percentages are rounded to nearest decimal and indicate current portfolio weights
– We have prioritized top 5 stock positions wherever available.
– Each manager has a summary, sector analysis and legend for stock information.
Compliance Disclaimer: The information is for general informational purposes only and does not constitute investment advice. Past performance is not indicative of future results, and investments in hedge funds carry risks, including the potential loss of principal. We recommend that you seek independent financial advice before making any investment decisions.
Data Sources: Hedgefollow, Whalewisdom, Lumida analysis
Summary Overview
Cadian Capital Management, led by Eric Bannasch, focuses on technology and consumer sectors, with significant positions in software and fitness companies. The fund’s top holdings include major investments in companies like Braze and Varonis Systems, while recent activity shows new investments in automotive retail and social media management, alongside reductions in existing technology and consumer holdings.
3 sector-specific insights
- The top holdings reflect a strong emphasis on technology, particularly in software and data management, with significant investments in companies like Varonis Systems and Braze.
- New investments in automotive retail and social media management suggest a strategic diversification into these sectors.
- Reductions in existing technology and consumer holdings indicate a rebalancing or profit-taking strategy.
Top 5 holdings, additions, and reduced positions
- ESTC (Elastic N.V.): Technology sector, provides open-source search and analytics engine services.
- PCOR (Procore Technologies, Inc.): Technology sector, offers a cloud-based construction management platform.
- PLNT (Planet Fitness, Inc.): Consumer discretionary sector, operates and franchises fitness centers.
- VRNS (Varonis Systems, Inc.): Technology sector, provides software solutions that protect data from insider threats and cyberattacks.
- BRZE (Braze, Inc.): Technology sector, provides customer engagement platform services.
New Holdings
- GPI (Group 1 Automotive, Inc.): Consumer discretionary sector, operates in the automotive retail industry, offering new and used cars, light trucks, and related services.
- SPT (Sprout Social, Inc.): Technology sector, provides social media management solutions for businesses.
Reduced Holdings
- GH (Guardant Health, Inc.): Healthcare sector, focuses on developing blood tests for early cancer detection.
- CRTO (Criteo S.A.): Technology sector, provides personalized online display advertisements.
- PCOR (Procore Technologies, Inc.): Technology sector, offers a cloud-based construction management platform.
- PLNT (Planet Fitness, Inc.): Consumer discretionary sector, operates and franchises fitness centers.
- VRNS (Varonis Systems, Inc.): Technology sector, provides software solutions that protect data from insider threats and cyberattacks.
