Cadian Capital Management, LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Cadian Capital Management, LP reported 24 stock positions worth $1.8 billion. Its top holding was Global-E Online (GLBE) at 10.4% of the portfolio, followed by Guardant Health (GH, 9.3%) and Criteo SA-Spon (CRTO, 6.7%). Compared with Q1 2025, it opened 4 new positions, sold out of 10, added to 7 and reduced 13. The biggest buy was Global-E Online (GLBE, shares +127%) and the biggest sale Elastic (ESTC, shares −77%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001423686
- Portfolio Value
- $1.8B (Q2 2025)
- SEC Filing
- 0001085146-25-005113 ↗ filed Aug 14, 2025
Holdings Value
Holdings 24 stocks · $1.8B
| GLBE Global-E Online Ltd. | 10.36% | 5,517,336 | $185.1M | Add +126.7% |
| GH Guardant Health Inc. | 9.27% | 3,179,217 | $165.4M | Reduce -30.8% |
| CRTO Criteo SA-Spon | 6.71% | 5,002,794 | $119.9M | Add +12.4% |
| EVH Evolent Health Inc. Class A | 6.57% | 10,424,701 | $117.4M | Reduce -3.4% |
| PCOR Procore Technologies Inc. | 6.53% | 1,703,477 | $116.6M | Reduce -13.7% |
| FLYW Flywire Corp.-Voting | 6.39% | 9,756,543 | $114.2M | Add +38.8% |
| CFLT Confluent Inc. Class A | 6.08% | 4,351,197 | $108.5M | Add +90.7% |
| IQV Iqvia Holdings Inc. | 5.76% | 652,300 | $102.8M | Add +23.8% |
| SPT Sprout Social Inc. Class A | 5.59% | 4,771,397 | $99.8M | Reduce -5.7% |
| NTNX Nutanix Inc. Class A | 5.14% | 1,200,699 | $91.8M | Reduce -30.5% |
| ROKU Roku Inc. | 4.71% | 955,876 | $84.0M | Reduce -54.2% |
| BRZE Braze Inc. Class A | 4.17% | 2,651,487 | $74.5M | Reduce -41.8% |
| SDGR Schrodinger Inc. | 3.43% | 3,045,952 | $61.3M | Add +175.7% |
| ACVA Acv Auctions Inc. Class A | 3.09% | 3,401,270 | $55.2M | Reduce -7.5% |
| OPLN Openlane Inc. | 2.88% | 2,105,494 | $51.5M | Reduce -10.9% |
| ESTC Elastic NV | 2.76% | 583,463 | $49.2M | Reduce -77.1% |
| OMCL Omnicell Inc. | 2.74% | 1,663,060 | $48.9M | New |
| CYRX Cryoport Inc. | 2.08% | 4,969,226 | $37.1M | Reduce -0.3% |
| HUBS HubSpot Inc. | 1.35% | 43,200 | $24.0M | Reduce -25.0% |
| TCMD Tactile Systems Technology I | 1.31% | 2,309,616 | $23.4M | Add +8.2% |
| MXCT Maxcyte Inc. | 1.09% | 8,914,476 | $19.4M | Reduce -11.1% |
| FLUT Flutter Entertainment PLC-Di | 0.98% | 61,250 | $17.5M | New |
| PRO Pros Holdings Inc. | 0.61% | 690,268 | $10.8M | New |
| DKNG Draftkings Inc. Class A | 0.41% | 170,000 | $7.3M | New |
Portfolio Sells Q1 2025 → Q2 2025
| ESTC Elastic NV | Reduce -77.1% | 2.76% | −6.96 |
| PLNT Planet Fitness Inc. Class A | Sold out | 0.00% | −3.86 |
| BBWI Bath & Body Works Inc. | Sold out | 0.00% | −3.41 |
| MNDY Monday.com Ltd. | Sold out | 0.00% | −2.95 |
| BRZE Braze Inc. Class A | Reduce -41.8% | 4.17% | −2.86 |
| RELY Remitly Global Inc. | Sold out | 0.00% | −2.67 |
| USFD US Foods Holding Corp. | Sold out | 0.00% | −2.46 |
| ROKU Roku Inc. | Reduce -54.2% | 4.71% | −1.58 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −1.41 |
| FNA Paragon 28 Inc. | Sold out | 0.00% | −1.16 |
| GPI Group 1 Automotive Inc. | Sold out | 0.00% | −0.87 |
| QUBT Quantum Computing Inc. | Sold out | 0.00% | −0.09 |
| MXCT Maxcyte Inc. | Reduce -11.1% | 1.09% | −0.08 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.06 |
| HUBS HubSpot Inc. | Reduce -25.0% | 1.35% | −0.06 |
| NTNX Nutanix Inc. Class A | Reduce -30.5% | 5.14% | −0.02 |
| CYRX Cryoport Inc. | Reduce -0.3% | 2.08% | +0.78 |
| SPT Sprout Social Inc. Class A | Reduce -5.7% | 5.59% | +0.83 |
| ACVA Acv Auctions Inc. Class A | Reduce -7.5% | 3.09% | +0.87 |
| GH Guardant Health Inc. | Reduce -30.8% | 9.27% | +0.89 |
| OPLN Openlane Inc. | Reduce -10.9% | 2.88% | +0.93 |
| PCOR Procore Technologies Inc. | Reduce -13.7% | 6.53% | +0.95 |
| EVH Evolent Health Inc. Class A | Reduce -3.4% | 6.57% | +2.20 |
Portfolio Buys Q1 2025 → Q2 2025
| GLBE Global-E Online Ltd. | Add +126.7% | 10.36% | +6.65 |
| CFLT Confluent Inc. Class A | Add +90.7% | 6.08% | +3.79 |
| FLYW Flywire Corp.-Voting | Add +38.8% | 6.39% | +3.54 |
| OMCL Omnicell Inc. | New | 2.74% | +2.74 |
| SDGR Schrodinger Inc. | Add +175.7% | 3.43% | +2.50 |
| IQV Iqvia Holdings Inc. | Add +23.8% | 5.76% | +1.78 |
| FLUT Flutter Entertainment PLC-Di | New | 0.98% | +0.98 |
| PRO Pros Holdings Inc. | New | 0.61% | +0.61 |
| DKNG Draftkings Inc. Class A | New | 0.41% | +0.41 |
| TCMD Tactile Systems Technology I | Add +8.2% | 1.31% | +0.10 |
| CRTO Criteo SA-Spon | Add +12.4% | 6.71% | −0.03 |
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 |