Cadian Capital Management, LP In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Cadian Capital Management, LP reported 36 stock positions worth $2.8 billion . Its top holding was Planet Fitness Class A (PLNT) at 12.6% of the portfolio, followed by Procore Technologies (PCOR, 8.2% ) and Braze Class A (BRZE, 7.1% ). Compared with Q4 2023, it opened 10 new positions, sold out of 4, added to 12 and reduced 11. The biggest buy was a new position in Remitly Global (RELY) and the biggest sale Catalent (CTLT, shares −47% ).
Location NEW YORK, NY
CIK 0001423686
Portfolio Value $2.8B (Q1 2024) Holdings 36 stocks · $2.8B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 PLNT Planet Fitness Inc. Class A 5,664,237 $354.8M Add +27.9% PCOR Procore Technologies Inc. 2,816,279 $231.4M Reduce -24.3% BRZE Braze Inc. Class A 4,533,816 $200.8M Add +183.6% VRNS Varonis Systems Inc. 3,992,029 $188.3M Add +26.7% CRTO Criteo SA-Spon 5,253,948 $184.3M Add +23.9% CTLT Catalent Inc. 3,225,834 $182.1M Reduce -46.8% CXM Sprinklr Inc. Class A 12,783,324 $156.9M Reduce -12.2% RELY Remitly Global Inc. 6,466,001 $134.1M New HUBS HubSpot Inc. 209,207 $131.1M Reduce -39.2% GH Guardant Health Inc. 5,792,779 $119.5M Add +715.9% LAD Lithia Motors Inc. 320,000 $96.3M No change CYRX Cryoport Inc. 4,847,769 $85.8M Add +39.9% USFD US Foods Holding Corp. 1,440,000 $77.7M Add +388.1% OMCL Omnicell Inc. 2,320,571 $67.8M Add +3470.1% ESTC Elastic NV 658,000 $66.0M New MIRM Mirum Pharmaceuticals Inc. 2,292,567 $57.6M Add +18.5% PEGA Pegasystems Inc. 880,000 $56.9M Reduce -40.5% BBWI Bath & Body Works Inc. 1,050,000 $52.5M Reduce -22.2% CMRC Commerce.com Inc. filed as BIGCOMMERCE HLDGS INC 7,553,280 $52.0M No change NYT New York Times Co. Class A 1,166,830 $50.4M Reduce -27.5% H Hyatt Hotels Corp. Class A 296,800 $47.4M Reduce -49.0% TCMD Tactile Systems Technology I 1,928,031 $31.3M Add +10.5% AUR Aurora Innovation Inc. 10,690,781 $30.1M Add +160.8% SMAR Smartsheet Inc. Class A 760,000 $29.3M New MXCT Maxcyte Inc. 6,560,484 $27.5M Add +16.2% GLBE Global-E Online Ltd. 701,580 $25.5M New TKO Tko Group Holdings Inc. 200,000 $17.3M New PANW Palo Alto Networks Inc. 59,000 $16.8M Reduce -78.2% NTNX Nutanix Inc. Class A 245,000 $15.1M New GOOGL Alphabet Inc. Class A 48,818 $7.4M Reduce -56.3% OPLN Openlane Inc. 370,000 $6.4M New MVIS Microvision Inc. 2,580,644 $4.7M New CDNA Caredx Inc. 303,106 $3.2M New NNOX Nano-X Imaging Ltd. 220,000 $2.1M New LUCK Lucky Strike Entertainment C filed as BOWLERO CORP 134,343 $1.8M Reduce -53.5% AILWQ Arrowroot Acquisition Corp. 250,000 $59K No change
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ CTLT Catalent Inc. Reduce -46.8% 6.47% −4.38 HUBS HubSpot Inc. Reduce -39.2% 4.66% −3.30 IQV Iqvia Holdings Inc. Sold out 0.00% −2.79 PANW Palo Alto Networks Inc. Reduce -78.2% 0.60% −2.58 PCOR Procore Technologies Inc. Reduce -24.3% 8.23% −2.02 LSXMK Liberty Media Corp.-Liber-New Sold out 0.00% −2.01 LSXMA Liberty Media Corp. Class A New Sold out 0.00% −1.69 CXM Sprinklr Inc. Class A Reduce -12.2% 5.58% −1.41 NYT New York Times Co. Class A Reduce -27.5% 1.79% −1.35 H Hyatt Hotels Corp. Class A Reduce -49.0% 1.68% −1.34 PEGA Pegasystems Inc. Reduce -40.5% 2.02% −0.86 BBWI Bath & Body Works Inc. Reduce -22.2% 1.87% −0.45 GOOGL Alphabet Inc. Class A Reduce -56.3% 0.26% −0.36 MSFT Microsoft Corp. Sold out 0.00% −0.20 LUCK Lucky Strike Entertainment C Reduce -53.5% 0.07% −0.10
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ RELY Remitly Global Inc. New 4.77% +4.77 BRZE Braze Inc. Class A Add +183.6% 7.14% +3.76 GH Guardant Health Inc. Add +715.9% 4.25% +3.48 ESTC Elastic NV New 2.35% +2.35 OMCL Omnicell Inc. Add +3470.1% 2.41% +2.31 CRTO Criteo SA-Spon Add +23.9% 6.55% +2.28 USFD US Foods Holding Corp. Add +388.1% 2.76% +2.23 SMAR Smartsheet Inc. Class A New 1.04% +1.04 VRNS Varonis Systems Inc. Add +26.7% 6.70% +1.01 CYRX Cryoport Inc. Add +39.9% 3.05% +0.91 GLBE Global-E Online Ltd. New 0.91% +0.91 TKO Tko Group Holdings Inc. New 0.61% +0.61 NTNX Nutanix Inc. Class A New 0.54% +0.54 AUR Aurora Innovation Inc. Add +160.8% 1.07% +0.36 OPLN Openlane Inc. New 0.23% +0.23 MVIS Microvision Inc. New 0.17% +0.17 TCMD Tactile Systems Technology I Add +10.5% 1.11% +0.12 CDNA Caredx Inc. New 0.11% +0.11 NNOX Nano-X Imaging Ltd. New 0.08% +0.08 MXCT Maxcyte Inc. Add +16.2% 0.98% −0.08 MIRM Mirum Pharmaceuticals Inc. Add +18.5% 2.05% −0.23 PLNT Planet Fitness Inc. Class A Add +27.9% 12.61% −0.27
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ KRNLW Kernel Group HLDG -A -CW27 *W EXP 99/99/999 Sold out 75,000 $2Kbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 28 $1.3B IQV, GH, FLYW, PLNT, SPOT Q1 2026 23 $821.2M IQV, DKNG, FLYW, GH, HQY Q4 2025 26 $1.4B DKNG, GLBE, IQV, FLYW, GH Q3 2025 26 $1.7B GLBE, FLYW, IQV, GH, CFLT Q2 2025 24 $1.8B GLBE, GH, CRTO, EVH, PCOR Q1 2025 30 $2.3B ESTC, GH, BRZE, CRTO, ROKU Q4 2024 26 $1.7B ESTC, GH, BRZE, SPT, RELY Q3 2024 27 $2.0B ESTC, PCOR, RELY, GH, BRZE Q2 2024 29 $2.0B BRZE, VRNS, PLNT, PCOR, ESTC Q1 2024 36 $2.8B PLNT, PCOR, BRZE, VRNS, CRTO