Cadian Capital Management, LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Cadian Capital Management, LP reported 29 stock positions worth $2.0 billion. Its top holding was Braze Class A (BRZE) at 9.5% of the portfolio, followed by Varonis Systems (VRNS, 9.1%) and Planet Fitness Class A (PLNT, 8.5%). Compared with Q1 2024, it opened 2 new positions, sold out of 9, added to 11 and reduced 15. The biggest buy was a new position in Sprout Social Class A (SPT) and the biggest sale Catalent (CTLT, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001423686
- Portfolio Value
- $2.0B (Q2 2024)
- SEC Filing
- 0001085146-24-003845 ↗ filed Aug 14, 2024
Holdings Value
Holdings 29 stocks · $2.0B
| BRZE Braze Inc. Class A | 9.47% | 4,900,944 | $190.4M | Add +8.1% |
| VRNS Varonis Systems Inc. | 9.07% | 3,801,242 | $182.3M | Reduce -4.8% |
| PLNT Planet Fitness Inc. Class A | 8.50% | 2,321,046 | $170.8M | Reduce -59.0% |
| PCOR Procore Technologies Inc. | 7.29% | 2,210,832 | $146.6M | Reduce -21.5% |
| ESTC Elastic NV | 6.78% | 1,196,529 | $136.3M | Add +81.8% |
| RELY Remitly Global Inc. | 5.84% | 9,680,860 | $117.3M | Add +49.7% |
| CRTO Criteo SA-Spon | 5.35% | 2,851,418 | $107.6M | Reduce -45.7% |
| SPT Sprout Social Inc. Class A | 5.26% | 2,963,270 | $105.7M | New |
| GLBE Global-E Online Ltd. | 5.12% | 2,835,742 | $102.9M | Add +304.2% |
| GH Guardant Health Inc. | 4.50% | 3,131,808 | $90.4M | Reduce -45.9% |
| USFD US Foods Holding Corp. | 3.62% | 1,371,709 | $72.7M | Reduce -4.7% |
| OMCL Omnicell Inc. | 3.33% | 2,474,367 | $67.0M | Add +6.6% |
| CXM Sprinklr Inc. Class A | 2.96% | 6,177,793 | $59.4M | Reduce -51.7% |
| CMRC Commerce.com Inc. filed as BIGCOMMERCE HLDGS INC | 2.75% | 6,852,922 | $55.2M | Reduce -9.3% |
| BBWI Bath & Body Works Inc. | 2.45% | 1,263,000 | $49.3M | Add +20.3% |
| OPLN Openlane Inc. | 2.15% | 2,611,098 | $43.3M | Add +605.7% |
| MIRM Mirum Pharmaceuticals Inc. | 2.10% | 1,235,121 | $42.2M | Reduce -46.1% |
| NTNX Nutanix Inc. Class A | 2.07% | 731,000 | $41.6M | Add +198.4% |
| SMAR Smartsheet Inc. Class A | 1.80% | 821,750 | $36.2M | Add +8.1% |
| LAD Lithia Motors Inc. | 1.78% | 141,750 | $35.8M | Reduce -55.7% |
| CYRX Cryoport Inc. | 1.59% | 4,620,433 | $31.9M | Reduce -4.7% |
| MXCT Maxcyte Inc. | 1.49% | 7,622,941 | $29.9M | Add +16.2% |
| AUR Aurora Innovation Inc. | 1.34% | 9,696,961 | $26.9M | Reduce -9.3% |
| GPI Group 1 Automotive Inc. | 1.32% | 89,360 | $26.6M | New |
| TCMD Tactile Systems Technology I | 1.26% | 2,120,983 | $25.3M | Add +10.0% |
| CTLT Catalent Inc. | 0.60% | 216,000 | $12.1M | Reduce -93.3% |
| LUCK Lucky Strike Entertainment C filed as BOWLERO CORP | 0.10% | 134,343 | $1.9M | No change |
| NNOX Nano-X Imaging Ltd. | 0.06% | 170,000 | $1.2M | Reduce -22.7% |
| MVIS Microvision Inc. | 0.06% | 1,130,644 | $1.2M | Reduce -56.2% |
Portfolio Sells Q1 2024 → Q2 2024
| CTLT Catalent Inc. | Reduce -93.3% | 0.60% | −5.87 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −4.66 |
| PLNT Planet Fitness Inc. Class A | Reduce -59.0% | 8.50% | −4.12 |
| CXM Sprinklr Inc. Class A | Reduce -51.7% | 2.96% | −2.62 |
| PEGA Pegasystems Inc. | Sold out | 0.00% | −2.02 |
| NYT New York Times Co. Class A | Sold out | 0.00% | −1.79 |
| H Hyatt Hotels Corp. Class A | Sold out | 0.00% | −1.68 |
| LAD Lithia Motors Inc. | Reduce -55.7% | 1.78% | −1.64 |
| CYRX Cryoport Inc. | Reduce -4.7% | 1.59% | −1.46 |
| CRTO Criteo SA-Spon | Reduce -45.7% | 5.35% | −1.20 |
| PCOR Procore Technologies Inc. | Reduce -21.5% | 7.29% | −0.94 |
| TKO Tko Group Holdings Inc. | Sold out | 0.00% | −0.61 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.60 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −0.26 |
| CDNA Caredx Inc. | Sold out | 0.00% | −0.11 |
| MVIS Microvision Inc. | Reduce -56.2% | 0.06% | −0.11 |
| NNOX Nano-X Imaging Ltd. | Reduce -22.7% | 0.06% | −0.01 |
| AILWQ Arrowroot Acquisition Corp. | Sold out | 0.00% | −0.00 |
| MIRM Mirum Pharmaceuticals Inc. | Reduce -46.1% | 2.10% | +0.05 |
| GH Guardant Health Inc. | Reduce -45.9% | 4.50% | +0.25 |
| AUR Aurora Innovation Inc. | Reduce -9.3% | 1.34% | +0.26 |
| USFD US Foods Holding Corp. | Reduce -4.7% | 3.62% | +0.85 |
| CMRC Commerce.com Inc. | Reduce -9.3% | 2.75% | +0.90 |
| VRNS Varonis Systems Inc. | Reduce -4.8% | 9.07% | +2.38 |
Portfolio Buys Q1 2024 → Q2 2024
| SPT Sprout Social Inc. Class A | New | 5.26% | +5.26 |
| ESTC Elastic NV | Add +81.8% | 6.78% | +4.43 |
| GLBE Global-E Online Ltd. | Add +304.2% | 5.12% | +4.21 |
| BRZE Braze Inc. Class A | Add +8.1% | 9.47% | +2.33 |
| OPLN Openlane Inc. | Add +605.7% | 2.15% | +1.93 |
| NTNX Nutanix Inc. Class A | Add +198.4% | 2.07% | +1.53 |
| GPI Group 1 Automotive Inc. | New | 1.32% | +1.32 |
| RELY Remitly Global Inc. | Add +49.7% | 5.84% | +1.07 |
| OMCL Omnicell Inc. | Add +6.6% | 3.33% | +0.92 |
| SMAR Smartsheet Inc. Class A | Add +8.1% | 1.80% | +0.76 |
| BBWI Bath & Body Works Inc. | Add +20.3% | 2.45% | +0.59 |
| MXCT Maxcyte Inc. | Add +16.2% | 1.49% | +0.51 |
| TCMD Tactile Systems Technology I | Add +10.0% | 1.26% | +0.15 |
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 |