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CADIAN CAPITAL MANAGEMENT, LP

Q4 2025 · Filed 2026-02-17
Market Value
$1.4B
-17.1%
Holdings
33
+3
New Purchases
8
Added To
8
Closed
7
Reduced
10
Top 10 Concentration
74.6%
Turnover
45.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DKNG 13.75% 3.11% +10.64% $190M
HQY 3.75% 0.00% +3.75% $52M
PCOR 5.55% 3.41% +2.14% $77M
ALKT 1.95% 0.00% +1.95% $27M
MNDY 4.67% 3.06% +1.61% $65M
TSM 1.25% 0.00% +1.25% $17M
SIBN 1.67% 0.52% +1.14% $23M
OPLN 2.75% 2.01% +0.74% $38M
META 0.65% 0.00% +0.65% $9M
INTA 0.61% 0.00% +0.61% $8M
CYRX 3.44% 2.83% +0.61% $48M
TCMD 2.27% 1.70% +0.57% $31M
GLBE 12.45% 12.15% +0.30% $172M
OABI 0.59% 0.35% +0.24% $8M
U 0.04% 0.00% +0.04% $574K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CFLT 2.78% 6.97% -4.19% $38M
HUBS 0.00% 3.79% -3.79% $0
CRTO 0.00% 3.35% -3.35% $0
BRZE 0.00% 3.00% -3.00% $0
SPT 0.00% 2.99% -2.99% $0
EVH 3.20% 5.94% -2.74% $44M
RELY 0.00% 1.26% -1.26% $0
GH 6.81% 8.01% -1.21% $94M
FLYW 8.11% 9.17% -1.07% $112M
VRNS 5.41% 6.25% -0.84% $75M
WIX 0.00% 0.61% -0.61% $0
NTNX 5.14% 5.72% -0.58% $71M
MXCT 0.41% 0.78% -0.37% $6M
IQV 8.95% 9.14% -0.19% $124M
OMCL 3.74% 3.82% -0.08% $52M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $26M 1.9%
Large Cap 8 $519M 37.5%
Mid Cap 11 $531M 38.4%
Small Cap 11 $303M 21.9%
Micro Cap 1 $6M 0.4%

Portfolio Analytics

Avg Market Cap
$115.8B
Median Market Cap
$3.8B
Avg P/E
50.5
Median P/E
35.3
Avg Dividend Yield
0.00%
Avg Beta
1.03
# Stocks
33
# ETFs / Funds
0

Top Holdings (33 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DKNG 13.75% 5,524,221 $190M $34.46 $138M +4,135,461 +297.8%
2 GLBE 12.45% 4,385,770 $172M $39.31 -$30M -1,287,474 -22.7%
3 IQV 8.95% 549,669 $124M $225.41 -$29M -253,400 -31.6%
4 FLYW 8.11% 7,927,159 $112M $14.16 -$41M -3,383,430 -29.9%
5 GH 6.81% 922,628 $94M $102.14 -$40M -1,218,563 -56.9%
6 PCOR 5.55% 1,056,032 $77M $72.74 $20M +275,291 +35.3%
7 VRNS 5.41% 2,282,581 $75M $32.80 -$30M +466,481 +25.7%
8 NTNX 5.14% 1,377,589 $71M $51.69 -$24M +93,781 +7.3%
9 MNDY 4.67% 438,490 $65M $147.56 $14M +174,490 +66.1%
10 HQY 3.75% 566,700 $52M $91.61 +566,700 NEW
11 OMCL 3.74% 1,142,555 $52M $45.30 -$12M -950,763 -45.4%
12 CYRX 3.44% 4,962,552 $48M $9.60 $392K -21,518 -0.4%
13 EVH 3.20% 11,085,455 $44M $4.00 -$55M -643,469 -5.5%
14 CFLT 2.78% 1,272,854 $38M $30.24 -$78M -4,600,790 -78.3%
15 OPLN 2.75% 1,279,418 $38M $29.78 $5M +112,590 +9.7%
16 TCMD 2.27% 1,084,094 $31M $29.00 $3M -971,664 -47.3%
17 ALKT 1.95% 1,169,000 $27M $23.07 +1,169,000 NEW
18 SIBN 1.67% 1,171,100 $23M $19.72 $14M +576,100 +96.8%
19 TSM 1.25% 57,000 $17M $303.89 +57,000 NEW
20 META 0.65% 13,700 $9M $660.09 +13,700 NEW
21 INTA 0.61% 185,000 $8M $45.82 +185,000 NEW
22 OABI 0.59% 4,434,954 $8M $1.85 $2M +759,386 +20.7%
23 MXCT 0.41% 3,683,052 $6M $1.55 -$7M -4,544,551 -55.2%
24 U 0.04% 13,000 $574K $44.17 +13,000 NEW
25 HIMS 0.03% 12,635 $410K $32.47 +12,635 NEW
26 GOGO 0.02% 50,000 $233K $4.66 +50,000 NEW
27 HUBS —% -$63M -135,274 -100.0% SOLD
28 WIX —% -$10M -57,500 -100.0% SOLD
29 RELY —% -$21M -1,289,122 -100.0% SOLD
30 RBRK —% -$658K -8,000 -100.0% SOLD
31 CRTO —% -$56M -2,475,961 -100.0% SOLD
32 BRZE —% -$50M -1,763,108 -100.0% SOLD
33 SPT —% -$50M -3,857,191 -100.0% SOLD

New Positions

SymbolValue% Port
HQY $52M 3.75%
ALKT $27M 1.95%
TSM $17M 1.25%
META $9M 0.65%
INTA $8M 0.61%
U $574K 0.04%
HIMS $410K 0.03%
GOGO $233K 0.02%

Sold Out Positions

SymbolValue% Port
HUBS —%
RBRK —%
BRZE —%
RELY —%
CRTO —%
SPT —%
WIX —%
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