Crestline Management, L.P.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Crestline Management, L.P. reported 158 stock positions worth $1.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 14.4% of the portfolio, followed by Denali Therapeutics (DNLI, 8.7%) and Nvidia (NVDA, 2.2%). Compared with Q1 2024, it opened 46 new positions, sold out of 43, added to 62 and reduced 46. The biggest buy was a new position in iShares Core S&P 500 ETF (IVV) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).

Most Recent 13F
Q2 2026
Location
FORT WORTH, TX
CIK
0001536054
Portfolio Value
$1.3B (Q2 2024)
SEC Filing
0001315863-24-000610 ↗ filed Aug 14, 2024

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.3B $1.3B Q2 2024 Q3 2024: $1.8B Q3 2024 Q4 2024: $2.9B Q4 2024 Q1 2025: $63.2M Q1 2025 Q2 2025: $62.6M Q2 2025 Q3 2025: $58.1M Q3 2025 Q4 2025: $53.3M Q4 2025 Q1 2026: $46.3M Q1 2026 Q2 2026: $53.5M Q2 2026

Holdings 158 stocks · $1.3B
IVV iShares Core S&P 500 ETF 14.38% 335,000 $183.3M New
DNLI Denali Therapeutics Inc. 8.67% 4,760,732 $110.5M Reduce -8.6%
NVDA Nvidia Corp. 2.15% 222,000 $27.4M Add +38.8%
IWM iShares Russell 2000 ETF 2.12% 133,000 $27.0M New
AAPL Apple Inc. 1.88% 114,000 $24.0M Add +570.6%
LW Lamb Weston Holdings Inc. 1.66% 251,414 $21.1M Add +246.8%
TSM Taiwan Semiconductor-SP ADR 1.63% 119,251 $20.7M Reduce -18.5%
SANA Sana Biotechnology Inc. 1.38% 3,225,624 $17.6M Reduce -4.2%
KMB Kimberly-Clark Corp. 1.25% 115,067 $15.9M Reduce -21.2%
AQN Algonquin Power & Utilities 1.24% 2,705,682 $15.9M Add +56.5%
NI Nisource Inc. 1.22% 541,378 $15.6M Reduce -27.3%
ASML ASML Holding NV-NY Reg SHS 1.19% 14,886 $15.2M Reduce -42.5%
ACA Arcosa Inc. 1.18% 179,785 $15.0M Add +14.7%
STNG Scorpio Tankers Inc. 1.08% 169,084 $13.7M Add +22.4%
AA Alcoa Corp. 1.06% 341,101 $13.6M New
VEEV Veeva Systems Inc. Class A 1.04% 72,113 $13.2M New
MRCY Mercury Systems Inc. 1.01% 478,973 $12.9M Add +75.9%
PPL PPL Corp. 1.01% 467,461 $12.9M Reduce -17.4%
GLNG Golar LNG Ltd. 1.01% 410,000 $12.9M Reduce -8.9%
PRGO Perrigo Co. PLC 1.01% 500,000 $12.8M Add +92.3%
MEOH Methanex Corp. 0.92% 242,022 $11.7M New
TAP Molson Coors Beverage Co. Class B 0.88% 220,521 $11.2M New
EVRG Evergy Inc. 0.86% 205,911 $10.9M Add +49.1%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.84% 100,337 $10.7M Add +125.0%
RGLD Royal Gold Inc. 0.82% 83,090 $10.4M Add +213.3%
WDAY Workday Inc. Class A 0.81% 46,114 $10.3M Add +13.6%
AVY Avery Dennison Corp. 0.80% 46,629 $10.2M Reduce -6.0%
AEE Ameren Corporation 0.76% 136,131 $9.7M Add +83.5%
ES Eversource Energy 0.75% 168,204 $9.5M Add +104.1%
LNT Alliant Energy Corp. 0.74% 185,189 $9.4M Add +31.4%
AER Aercap Holdings NV 0.73% 100,000 $9.3M No change
CL Colgate-Palmolive Co. 0.73% 95,907 $9.3M New
ADBE Adobe Inc. 0.73% 16,700 $9.3M New
GT Goodyear Tire & Rubber Co. 0.71% 800,000 $9.1M Add +27.0%
AGI Alamos Gold Inc. Class A 0.71% 576,113 $9.0M Add +116.6%
TECK Teck Resources Ltd.-CLS B 0.70% 185,800 $8.9M New
WDC Western Digital Corp. 0.69% 116,100 $8.8M New
AEM Agnico Eagle Mines Ltd. 0.69% 134,036 $8.8M Add +25.4%
MIR Mirion Technologies Inc. 0.68% 810,000 $8.7M No change
NSC Norfolk Southern Corp. 0.67% 40,000 $8.6M New
VECO Veeco Instruments Inc. 0.67% 183,738 $8.6M Add +1.7%
CMS CMS Energy Corp. 0.66% 141,737 $8.4M Add +14.1%
ARMK Aramark 0.65% 245,000 $8.3M Add +13.4%
HRL Hormel Foods Corp. 0.64% 268,167 $8.2M Add +66.7%
RCM R1 RCM Inc. 0.64% 650,000 $8.2M New
TER Teradyne Inc. 0.64% 54,851 $8.1M Add +246.0%
CENX Century Aluminum Company 0.63% 478,750 $8.0M New
ETR Entergy Corp. 0.63% 74,926 $8.0M Reduce -51.1%
MSCI MSCI Inc. 0.62% 16,442 $7.9M Add +445.2%
NEE Nextera Energy Inc. 0.61% 110,060 $7.8M Add +85.0%
OKTA Okta Inc. 0.61% 82,712 $7.7M Add +427.8%
RMBS Rambus Inc. 0.60% 131,019 $7.7M Reduce -20.9%
SIL Global X Silver Miners ETF 0.60% 243,861 $7.6M Add +234.1%
META Meta Platforms Inc. Class A 0.59% 15,000 $7.6M Add +76.5%
MNST Monster Beverage Corp. 0.58% 147,752 $7.4M Add +45.4%
NTRA Natera Inc. 0.58% 68,125 $7.4M Add +1.6%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.58% 67,282 $7.3M Reduce -36.9%
INSW International Seaways Inc. 0.56% 121,302 $7.2M Add +39.2%
CNP Centerpoint Energy Inc. 0.55% 224,265 $6.9M Reduce -11.6%
VLTO Veralto Corp. 0.53% 71,000 $6.8M Add +12.7%
HUBS HubSpot Inc. 0.52% 11,261 $6.6M New
IGV iShares Expanded Tech-Softwa 0.51% 75,000 $6.5M New
SMH Vaneck Semiconductor ETF 0.51% 25,000 $6.5M New
CNI Canadian Natl Railway Co. 0.51% 54,700 $6.5M New
MTSI Macom Technology Solutions H 0.50% 57,000 $6.4M Add +38.6%
VYX NCR Voyix Corp. 0.49% 508,624 $6.3M Add +12.0%
BUR Burford Capital Ltd. 0.47% 460,000 $6.0M Add +43.8%
TTWO Take-Two Interactive Softwre 0.46% 37,493 $5.8M Add +33.9%
DK Delek US Holdings Inc. 0.45% 230,000 $5.7M Reduce -14.8%
FE Firstenergy Corp. 0.44% 147,642 $5.7M Add +133.9%
SMTC Semtech Corp. 0.44% 186,287 $5.6M Add +0.8%
GEF Greif Inc. Class A 0.43% 94,992 $5.5M New
IP International Paper Co. 0.42% 125,000 $5.4M New
ADSK Autodesk Inc. 0.41% 21,134 $5.2M New
DOCU Docusign Inc. 0.41% 97,742 $5.2M Add +158.8%
AMZN Amazon.com Inc. 0.41% 27,000 $5.2M Reduce -12.7%
CBOE Cboe Global Markets Inc. 0.41% 30,568 $5.2M Add +94.5%
PCG P G & E Corp. 0.41% 296,238 $5.2M Reduce -71.2%
SIMO Silicon Motion Technol-ADR 0.40% 63,696 $5.2M Reduce -20.4%
MSFT Microsoft Corp. 0.39% 11,253 $5.0M Reduce -47.7%
MCO Moody's Corp. 0.39% 11,758 $4.9M New
KBR KBR Inc. 0.38% 76,445 $4.9M Add +36.1%
AMBP Ardagh Metal Packaging SA 0.37% 1,390,265 $4.7M Reduce -18.7%
HPE Hewlett Packard Enterprise 0.37% 220,000 $4.7M Add +29.4%
POR Portland General Electric Co. 0.36% 107,252 $4.6M Add +49.1%
DD Dupont DE Nemours Inc. 0.36% 57,400 $4.6M New
HSY The Hershey Co. 0.35% 24,372 $4.5M Reduce -58.8%
PKG Packaging Corp. of America 0.35% 24,427 $4.5M New
TSN Tyson Foods Inc. Class A 0.34% 76,700 $4.4M New
CONSOL ENERGY INC 0.33% 41,500 $4.2M Add +3.8%
PEGA Pegasystems Inc. 0.33% 69,850 $4.2M Reduce -40.3%
GLOB Globant SA 0.33% 23,561 $4.2M New
RS Reliance Inc. 0.33% 14,669 $4.2M Add +125.7%
MKSI MKS Inc. filed as MKS INSTRS INC 0.33% 32,000 $4.2M New
MO Altria Group Inc. 0.32% 90,300 $4.1M Reduce -11.8%
ALGM Allegro Microsystems Inc. 0.32% 145,000 $4.1M New
UEC Uranium Energy Corp. 0.32% 673,487 $4.0M New
MATW Matthews Intl Corp. Class A 0.31% 157,500 $3.9M No change
CHKP Check Point Software Tech 0.31% 23,740 $3.9M New
GOOGL Alphabet Inc. Class A 0.30% 21,000 $3.8M Reduce -32.3%

Show all 158 holdings

Options reported separately and not counted above: TLT calls ($10.3M).

Portfolio Sells Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −2.48
SANA Sana Biotechnology Inc. Reduce -4.2% 1.38% −1.81
CSTM Constellium SE Reduce -77.9% 0.27% −1.47
DNLI Denali Therapeutics Inc. Reduce -8.6% 8.67% −1.45
K Kellanova Sold out 0.00% −1.32
PCG P G & E Corp. Reduce -71.2% 0.41% −1.23
ASML ASML Holding NV-NY Reg SHS Reduce -42.5% 1.19% −1.18
CMC Commercial Metals Co. Sold out 0.00% −1.11
FCX Freeport-McMoran Inc. Sold out 0.00% −1.05
NOW ServiceNow Inc. Sold out 0.00% −0.92
ETR Entergy Corp. Reduce -51.1% 0.63% −0.90
NDAQ Nasdaq Inc. Sold out 0.00% −0.90
AVGO Broadcom Inc. Reduce -76.5% 0.28% −0.90
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.85
SSNC Ss&c Technologies Holdings Sold out 0.00% −0.84
AXTA Axalta Coating Systems Ltd. Sold out 0.00% −0.77
HSY The Hershey Co. Reduce -58.8% 0.35% −0.74
NI Nisource Inc. Reduce -27.3% 1.22% −0.73
TRU Transunion Sold out 0.00% −0.71
BALL Ball Corp. Sold out 0.00% −0.71
BUD Anheuser-Busch Inbev-SPN ADR Sold out 0.00% −0.70
SJM The JM Smucker Co. Reduce -36.9% 0.58% −0.70
CRH CRH PLC Sold out 0.00% −0.68
VSTS Vestis Corp. Sold out 0.00% −0.66
MLM Martin Marietta Materials Sold out 0.00% −0.64
TYL Tyler Technologies Inc. Sold out 0.00% −0.60
DT Dynatrace Inc. Sold out 0.00% −0.59
SNOW Snowflake Inc. Sold out 0.00% −0.58
SPLV Invesco S&P 500 Low Volatili Sold out 0.00% −0.58
CRS Carpenter Technology Sold out 0.00% −0.56
KMB Kimberly-Clark Corp. Reduce -21.2% 1.25% −0.54
CRM Salesforce Inc. Reduce -69.3% 0.14% −0.52
NATL NCR Atleos Corp. Reduce -81.6% 0.14% −0.52
CDNS Cadence Design SYS Inc. Sold out 0.00% −0.51
MSFT Microsoft Corp. Reduce -47.7% 0.39% −0.46
PPL PPL Corp. Reduce -17.4% 1.01% −0.46
S Sentinelone Inc. Class A Sold out 0.00% −0.43
KEX Kirby Corp. Reduce -69.2% 0.20% −0.42
SPGI S&P Global Inc. Reduce -68.4% 0.16% −0.42
CYBR Cyberark Software Ltd./Israel Reduce -79.0% 0.09% −0.41
NUE Nucor Corp. Sold out 0.00% −0.41
VRSK Verisk Analytics Inc. Sold out 0.00% −0.41
PEGA Pegasystems Inc. Reduce -40.3% 0.33% −0.38
DAY Dayforce Inc. Sold out 0.00% −0.38
FNV Franco-Nevada Corp. Sold out 0.00% −0.37
VMI Valmont Industries Reduce -81.4% 0.08% −0.37
RMBS Rambus Inc. Reduce -20.9% 0.60% −0.37
SMAR Smartsheet Inc. Class A Reduce -61.9% 0.20% −0.36
AMD Advanced Micro Devices Sold out 0.00% −0.36
FIVN FIVE9 Inc. Sold out 0.00% −0.34

Portfolio Buys Q1 2024 → Q2 2024
IVV iShares Core S&P 500 ETF New 14.38% +14.38
IWM iShares Russell 2000 ETF New 2.12% +2.12
AAPL Apple Inc. Add +570.6% 1.88% +1.61
AA Alcoa Corp. New 1.06% +1.06
VEEV Veeva Systems Inc. Class A New 1.04% +1.04
LW Lamb Weston Holdings Inc. Add +246.8% 1.66% +0.93
MEOH Methanex Corp. New 0.92% +0.92
TAP Molson Coors Beverage Co. Class B New 0.88% +0.88
NVDA Nvidia Corp. Add +38.8% 2.15% +0.78
CL Colgate-Palmolive Co. New 0.73% +0.73
ADBE Adobe Inc. New 0.73% +0.73
TECK Teck Resources Ltd.-CLS B New 0.70% +0.70
WDC Western Digital Corp. New 0.69% +0.69
NSC Norfolk Southern Corp. New 0.67% +0.67
RCM R1 RCM Inc. New 0.64% +0.64
CENX Century Aluminum Company New 0.63% +0.63
HUBS HubSpot Inc. New 0.52% +0.52
IGV iShares Expanded Tech-Softwa New 0.51% +0.51
SMH Vaneck Semiconductor ETF New 0.51% +0.51
RGLD Royal Gold Inc. Add +213.3% 0.82% +0.51
CNI Canadian Natl Railway Co. New 0.51% +0.51
TER Teradyne Inc. Add +246.0% 0.64% +0.47
MSCI MSCI Inc. Add +445.2% 0.62% +0.46
OKTA Okta Inc. Add +427.8% 0.61% +0.45
GEF Greif Inc. Class A New 0.43% +0.43
IP International Paper Co. New 0.42% +0.42
ADSK Autodesk Inc. New 0.41% +0.41
SIL Global X Silver Miners ETF Add +234.1% 0.60% +0.41
MCO Moody's Corp. New 0.39% +0.39
DD Dupont DE Nemours Inc. New 0.36% +0.36
PKG Packaging Corp. of America New 0.35% +0.35
TSN Tyson Foods Inc. Class A New 0.34% +0.34
AGI Alamos Gold Inc. Class A Add +116.6% 0.71% +0.34
GLOB Globant SA New 0.33% +0.33
MKSI MKS Inc. New 0.33% +0.33
ALGM Allegro Microsystems Inc. New 0.32% +0.32
UEC Uranium Energy Corp. New 0.32% +0.32
CHKP Check Point Software Tech New 0.31% +0.31
GPN Global Payments Inc. New 0.29% +0.29
ES Eversource Energy Add +104.1% 0.75% +0.28
IT Gartner Inc. New 0.26% +0.26
BL Blackline Inc. New 0.26% +0.26
MRCY Mercury Systems Inc. Add +75.9% 1.01% +0.25
ALE Allete Inc. New 0.25% +0.25
NEE Nextera Energy Inc. Add +85.0% 0.61% +0.25
AEE Ameren Corporation Add +83.5% 0.76% +0.24
MA Mastercard Inc. Class A New 0.22% +0.22
DELL Dell Technologies -C New 0.22% +0.22
PRGO Perrigo Co. PLC Add +92.3% 1.01% +0.21
FE Firstenergy Corp. Add +133.9% 0.44% +0.21

Options Activity Q1 2024 → Q2 2024
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 128,000 $67.0Mbefore exit
TLT iShares 20+ Year Treasury BD call New 112,500 $10.3M
QQQ Invesco QQQ Trust Series 1 put Sold out 20,000 $8.9Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$53.5MDNLI, SANA, EGHT
Q1 2026Amended 3$46.3MDNLI, SANA, EGHT
Q4 2025 3$53.3MDNLI, SANA, EGHT
Q3 2025 3$58.1MDNLI, SANA, EGHT
Q2 2025 3$62.6MDNLI, SANA, EGHT
Q1 2025 3$63.2MDNLI, SANA, EGHT
Q4 2024 703$2.9BIVV, NVDA, DNLI, QQQ, AMZN
Q3 2024 508$1.8BSPY, DNLI, NVDA, CRM, AA
Q2 2024 158$1.3BIVV, DNLI, NVDA, IWM, AAPL
Q1 2024 155$1.1BDNLI, SANA, SPY, ASML, NI