Cadian Capital Management, LP In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Cadian Capital Management, LP reported 27 stock positions worth $2.0 billion . Its top holding was Elastic (ESTC) at 9.9% of the portfolio, followed by Procore Technologies (PCOR, 8.9% ) and Remitly Global (RELY, 8.6% ). Compared with Q2 2024, it opened 4 new positions, sold out of 6, added to 9 and reduced 14. The biggest buy was Guardant Health (GH, shares +121% ) and the biggest sale an exit from Varonis Systems (VRNS).
Location NEW YORK, NY
CIK 0001423686
Portfolio Value $2.0B (Q3 2024) Holdings 27 stocks · $2.0B 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 Q2 2024 ESTC Elastic NV 2,528,676 $194.1M Add +111.3% PCOR Procore Technologies Inc. 2,821,710 $174.2M Add +27.6% RELY Remitly Global Inc. 12,601,326 $168.7M Add +30.2% GH Guardant Health Inc. 6,930,474 $159.0M Add +121.3% BRZE Braze Inc. Class A 4,496,854 $145.4M Reduce -8.3% GLBE Global-E Online Ltd. 3,345,115 $128.6M Add +18.0% SPT Sprout Social Inc. Class A 4,285,056 $124.6M Add +44.6% PLNT Planet Fitness Inc. Class A 1,468,563 $119.3M Reduce -36.7% CRTO Criteo SA-Spon 1,870,548 $75.3M Reduce -34.4% BBWI Bath & Body Works Inc. 2,245,700 $71.7M Add +77.8% USFD US Foods Holding Corp. 1,152,538 $70.9M Reduce -16.0% CFLT Confluent Inc. Class A 2,531,170 $51.6M New NTNX Nutanix Inc. Class A 863,900 $51.2M Add +18.2% OPLN Openlane Inc. 2,446,237 $41.3M Reduce -6.3% PEGA Pegasystems Inc. 546,506 $39.9M New CXM Sprinklr Inc. Class A 4,646,473 $35.9M Reduce -24.8% LAD Lithia Motors Inc. 112,063 $35.6M Reduce -20.9% CYRX Cryoport Inc. 4,318,006 $35.0M Reduce -6.5% OMCL Omnicell Inc. 800,000 $34.9M Reduce -67.7% HUBS HubSpot Inc. 61,000 $32.4M New MXCT Maxcyte Inc. 8,188,948 $31.9M Add +7.4% GPI Group 1 Automotive Inc. 80,424 $30.8M Reduce -10.0% TCMD Tactile Systems Technology I 1,934,556 $28.3M Reduce -8.8% CMRC Commerce.com Inc. filed as BIGCOMMERCE HLDGS INC 3,747,000 $21.9M Reduce -45.3% AUR Aurora Innovation Inc. 3,150,000 $18.6M Reduce -67.5% MIRM Mirum Pharmaceuticals Inc. 475,714 $18.6M Reduce -61.5% FNA Paragon 28 Inc. 1,900,000 $12.7M New
Options reported separately and not counted above: GH calls ($1.8M).
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ VRNS Varonis Systems Inc. Sold out 0.00% −9.07 PLNT Planet Fitness Inc. Class A Reduce -36.7% 6.11% −2.39 BRZE Braze Inc. Class A Reduce -8.3% 7.45% −2.02 SMAR Smartsheet Inc. Class A Sold out 0.00% −1.80 CMRC Commerce.com Inc. Reduce -45.3% 1.12% −1.63 OMCL Omnicell Inc. Reduce -67.7% 1.79% −1.55 CRTO Criteo SA-Spon Reduce -34.4% 3.86% −1.50 MIRM Mirum Pharmaceuticals Inc. Reduce -61.5% 0.95% −1.15 CXM Sprinklr Inc. Class A Reduce -24.8% 1.84% −1.12 CTLT Catalent Inc. Sold out 0.00% −0.60 AUR Aurora Innovation Inc. Reduce -67.5% 0.96% −0.38 LUCK Lucky Strike Entertainment C Sold out 0.00% −0.10 NNOX Nano-X Imaging Ltd. Sold out 0.00% −0.06 MVIS Microvision Inc. Sold out 0.00% −0.06 OPLN Openlane Inc. Reduce -6.3% 2.12% −0.04 USFD US Foods Holding Corp. Reduce -16.0% 3.63% +0.02 LAD Lithia Motors Inc. Reduce -20.9% 1.82% +0.04 TCMD Tactile Systems Technology I Reduce -8.8% 1.45% +0.19 CYRX Cryoport Inc. Reduce -6.5% 1.79% +0.21 GPI Group 1 Automotive Inc. Reduce -10.0% 1.58% +0.26
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ GH Guardant Health Inc. Add +121.3% 8.14% +3.64 ESTC Elastic NV Add +111.3% 9.94% +3.16 RELY Remitly Global Inc. Add +30.2% 8.64% +2.81 CFLT Confluent Inc. Class A New 2.64% +2.64 PEGA Pegasystems Inc. New 2.05% +2.05 HUBS HubSpot Inc. New 1.66% +1.66 PCOR Procore Technologies Inc. Add +27.6% 8.92% +1.63 GLBE Global-E Online Ltd. Add +18.0% 6.59% +1.47 BBWI Bath & Body Works Inc. Add +77.8% 3.67% +1.22 SPT Sprout Social Inc. Class A Add +44.6% 6.38% +1.12 FNA Paragon 28 Inc. New 0.65% +0.65 NTNX Nutanix Inc. Class A Add +18.2% 2.62% +0.55 MXCT Maxcyte Inc. Add +7.4% 1.63% +0.15
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ GH Guardant Health Inc. call New 77,500 $1.8M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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