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CADIAN CAPITAL MANAGEMENT, LP

Q3 2025 · Filed 2025-11-14
Market Value
$1.7B
-5.6%
Holdings
30
-3
New Purchases
7
Added To
10
Closed
5
Reduced
8
Top 10 Concentration
71.0%
Turnover
40.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VRNS 6.25% 0.00% +6.25% $104M
IQV 9.14% 5.81% +3.32% $153M
MNDY 3.06% 0.00% +3.06% $51M
FLYW 9.17% 6.46% +2.72% $153M
DKNG 3.11% 0.41% +2.70% $52M
HUBS 3.79% 1.36% +2.43% $63M
GLBE 12.15% 10.47% +1.68% $203M
RELY 1.26% 0.00% +1.26% $21M
OMCL 3.82% 2.77% +1.05% $64M
CFLT 6.97% 6.14% +0.83% $116M
CYRX 2.83% 2.10% +0.73% $47M
WIX 0.61% 0.00% +0.61% $10M
NTNX 5.72% 5.19% +0.53% $96M
SIBN 0.52% 0.00% +0.52% $9M
TCMD 1.70% 1.32% +0.38% $28M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ROKU 0.00% 4.75% -4.75% $0
SDGR 0.00% 3.47% -3.47% $0
CRTO 3.35% 6.78% -3.43% $56M
PCOR 3.41% 6.59% -3.18% $57M
ACVA 0.00% 3.12% -3.12% $0
ESTC 0.00% 2.78% -2.78% $0
SPT 2.99% 5.64% -2.66% $50M
GH 8.01% 9.36% -1.35% $134M
BRZE 3.00% 4.21% -1.21% $50M
OPLN 2.01% 2.91% -0.90% $34M
EVH 5.94% 6.64% -0.70% $99M
PRO 0.00% 0.61% -0.61% $0
MXCT 0.78% 1.10% -0.32% $13M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 8 $614M 36.8%
Mid Cap 10 $594M 35.6%
Small Cap 11 $449M 26.9%
Micro Cap 1 $13M 0.8%

Portfolio Analytics

Avg Market Cap
$5.8B
Median Market Cap
$3.3B
Avg P/E
58.6
Median P/E
43.2
Avg Dividend Yield
—%
Avg Beta
1.06
# Stocks
30
# ETFs / Funds
0

Top Holdings (30 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GLBE 12.15% 5,673,244 $203M $35.76 $18M +155,908 +2.8%
2 FLYW 9.17% 11,310,589 $153M $13.54 $39M +1,554,046 +15.9%
3 IQV 9.14% 803,069 $153M $189.94 $50M +150,769 +23.1%
4 GH 8.01% 2,141,191 $134M $62.48 -$32M -1,038,026 -32.6%
5 CFLT 6.97% 5,873,644 $116M $19.80 $8M +1,522,447 +35.0%
6 VRNS 6.25% 1,816,100 $104M $57.47 +1,816,100 NEW
7 EVH 5.94% 11,728,924 $99M $8.46 -$18M +1,304,223 +12.5%
8 NTNX 5.72% 1,283,808 $96M $74.39 $4M +83,109 +6.9%
9 OMCL 3.82% 2,093,318 $64M $30.45 $15M +430,258 +25.9%
10 HUBS 3.79% 135,274 $63M $467.80 $39M +92,074 +213.1%
11 PCOR 3.41% 780,741 $57M $72.92 -$60M -922,736 -54.2%
12 CRTO 3.35% 2,475,961 $56M $22.60 -$64M -2,526,833 -50.5%
13 DKNG 3.11% 1,388,760 $52M $37.40 $45M +1,218,760 +716.9%
14 MNDY 3.06% 264,000 $51M $193.69 +264,000 NEW
15 BRZE 3.00% 1,763,108 $50M $28.44 -$24M -888,379 -33.5%
16 SPT 2.99% 3,857,191 $50M $12.92 -$50M -914,206 -19.2%
17 CYRX 2.83% 4,984,070 $47M $9.48 $10M +14,844 +0.3%
18 OPLN 2.01% 1,166,828 $34M $28.78 -$18M -938,666 -44.6%
19 TCMD 1.70% 2,055,758 $28M $13.84 $5M -253,858 -11.0%
20 RELY 1.26% 1,289,122 $21M $16.30 +1,289,122 NEW
21 MXCT 0.78% 8,227,603 $13M $1.58 -$6M -686,873 -7.7%
22 WIX 0.61% 57,500 $10M $177.63 +57,500 NEW
23 SIBN 0.52% 595,000 $9M $14.72 +595,000 NEW
24 OABI 0.35% 3,675,568 $6M $1.60 +3,675,568 NEW
25 RBRK 0.04% 8,000 $658K $82.25 +8,000 NEW
26 ESTC —% -$49M -583,463 -100.0% SOLD
27 SDGR —% -$61M -3,045,952 -100.0% SOLD
28 PRO —% -$11M -690,268 -100.0% SOLD
29 ACVA —% -$55M -3,401,270 -100.0% SOLD
30 ROKU —% -$84M -955,876 -100.0% SOLD

New Positions

SymbolValue% Port
VRNS $104M 6.25%
MNDY $51M 3.06%
RELY $21M 1.26%
WIX $10M 0.61%
SIBN $9M 0.52%
OABI $6M 0.35%
RBRK $658K 0.04%

Sold Out Positions

SymbolValue% Port
ESTC —%
ACVA —%
ROKU —%
SDGR —%
PRO —%
View SEC EDGAR Filings for CADIAN CAPITAL MANAGEMENT, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms