Crestline Management, L.P.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Crestline Management, L.P. reported 508 stock positions worth $1.8 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.0% of the portfolio, followed by Denali Therapeutics (DNLI, 7.4%) and Nvidia (NVDA, 1.9%). Compared with Q2 2024, it opened 393 new positions, sold out of 43, added to 63 and reduced 49. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale an exit from iShares Core S&P 500 ETF (IVV).

Most Recent 13F
Q2 2026
Location
FORT WORTH, TX
CIK
0001536054
Portfolio Value
$1.8B (Q3 2024)
SEC Filing
0001315863-24-000797 ↗ filed Nov 13, 2024

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.8B $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 508 stocks · $1.8B
SPY SS SPDR S&P 500 ETF Trust-US 8.00% 245,000 $140.6M New
DNLI Denali Therapeutics Inc. 7.40% 4,460,732 $129.9M Reduce -6.3%
NVDA Nvidia Corp. 1.88% 271,303 $32.9M Add +22.2%
CRM Salesforce Inc. 1.47% 94,269 $25.8M Add +1222.3%
AA Alcoa Corp. 1.06% 482,647 $18.6M Add +41.5%
AVGO Broadcom Inc. 1.06% 107,635 $18.6M Add +389.3%
COHR Coherent Corp. 1.03% 202,889 $18.0M New
NSC Norfolk Southern Corp. 1.01% 71,080 $17.7M Add +77.7%
TSM Taiwan Semiconductor-SP ADR 1.00% 101,225 $17.6M Reduce -15.1%
EVRG Evergy Inc. 0.95% 268,080 $16.6M Add +30.2%
PPL PPL Corp. 0.89% 469,904 $15.5M Add +0.5%
NI Nisource Inc. 0.88% 447,394 $15.5M Reduce -17.4%
ADBE Adobe Inc. 0.87% 29,574 $15.3M Add +77.1%
PRGO Perrigo Co. PLC 0.84% 561,667 $14.7M Add +12.3%
GLNG Golar LNG Ltd. 0.84% 399,681 $14.7M Reduce -2.5%
TTWO Take-Two Interactive Softwre 0.82% 94,152 $14.5M Add +151.1%
ADSK Autodesk Inc. 0.80% 51,256 $14.1M Add +142.5%
TECK Teck Resources Ltd.-CLS B 0.79% 263,985 $13.8M Add +42.1%
MU Micron Technology Inc. 0.78% 132,837 $13.8M New
RGLD Royal Gold Inc. 0.75% 93,880 $13.2M Add +13.0%
AEE Ameren Corporation 0.74% 148,617 $13.0M Add +9.2%
META Meta Platforms Inc. Class A 0.74% 22,667 $13.0M Add +51.1%
SANA Sana Biotechnology Inc. 0.73% 3,085,624 $12.8M Reduce -4.3%
NEM Newmont Corp. 0.72% 235,709 $12.6M New
VYX NCR Voyix Corp. 0.68% 884,947 $12.0M Add +74.0%
CMS CMS Energy Corp. 0.68% 169,961 $12.0M Add +19.9%
MEOH Methanex Corp. 0.68% 290,262 $12.0M Add +19.9%
SAP Sap SE-Sponsored ADR 0.68% 51,865 $11.9M New
V Visa Inc. Class A 0.65% 41,360 $11.4M New
MSFT Microsoft Corp. 0.64% 26,273 $11.3M Add +133.5%
HUBS HubSpot Inc. 0.62% 20,553 $10.9M Add +82.5%
RMBS Rambus Inc. 0.62% 258,331 $10.9M Add +97.2%
KO The Coca-Cola Co. 0.61% 148,863 $10.7M Add +272.1%
AER Aercap Holdings NV 0.60% 112,083 $10.6M Add +12.1%
MIR Mirion Technologies Inc. 0.59% 941,649 $10.4M Add +16.3%
DK Delek US Holdings Inc. 0.59% 551,521 $10.3M Add +139.8%
APH Amphenol Corp. Class A 0.58% 157,119 $10.2M New
PANW Palo Alto Networks Inc. 0.57% 29,366 $10.0M New
SMTC Semtech Corp. 0.57% 218,993 $10.0M Add +17.6%
PKG Packaging Corp. of America 0.56% 45,635 $9.8M Add +86.8%
DDOG Datadog Inc. Class A 0.55% 84,714 $9.7M Add +409.0%
CYBR Cyberark Software Ltd./Israel 0.55% 33,358 $9.7M Add +704.4%
MRCY Mercury Systems Inc. 0.55% 259,681 $9.6M Reduce -45.8%
ACA Arcosa Inc. 0.55% 101,244 $9.6M Reduce -43.7%
FE Firstenergy Corp. 0.54% 213,307 $9.5M Add +44.5%
KEX Kirby Corp. 0.54% 76,993 $9.4M Add +266.2%
MT Arcelormittal-NY Registered 0.53% 355,316 $9.3M New
IP International Paper Co. 0.51% 182,683 $8.9M Add +46.1%
BARNES GROUP INC 0.51% 220,490 $8.9M New
SNOW Snowflake Inc. 0.50% 75,820 $8.7M New
SIL Global X Silver Miners ETF 0.48% 240,804 $8.4M Reduce -1.3%
NTRA Natera Inc. 0.48% 66,485 $8.4M Reduce -2.4%
WDC Western Digital Corp. 0.48% 123,350 $8.4M Add +6.2%
CENX Century Aluminum Company 0.48% 515,155 $8.4M Add +7.6%
WM Waste Management Inc. 0.47% 40,133 $8.3M New
HSY The Hershey Co. 0.47% 43,222 $8.3M Add +77.3%
SNDX Syndax Pharmaceuticals Inc. 0.47% 428,538 $8.2M Add +199.1%
MSCI MSCI Inc. 0.46% 13,860 $8.1M Reduce -15.7%
LNT Alliant Energy Corp. 0.46% 132,850 $8.1M Reduce -28.3%
DD Dupont DE Nemours Inc. 0.45% 88,103 $7.9M Add +53.5%
ICE Intercontinental Exchange Inc. 0.43% 47,264 $7.6M New
CPAY Corpay Inc. 0.43% 24,160 $7.6M New
CHRW C.H. Robinson Worldwide Inc. 0.43% 68,411 $7.6M New
FDX FedEx Corp. 0.43% 27,477 $7.5M New
ZS Zscaler Inc. 0.43% 43,940 $7.5M New
NDAQ Nasdaq Inc. 0.42% 102,109 $7.5M New
AEM Agnico Eagle Mines Ltd. 0.42% 91,865 $7.4M Reduce -31.5%
AGI Alamos Gold Inc. Class A 0.42% 370,332 $7.4M Reduce -35.7%
ORCL Oracle Corp. 0.41% 42,489 $7.2M New
ES Eversource Energy 0.41% 106,030 $7.2M Reduce -37.0%
STNG Scorpio Tankers Inc. 0.41% 101,120 $7.2M Reduce -40.2%
SJM The JM Smucker Co. filed as SMUCKER J M CO 0.41% 59,521 $7.2M Reduce -11.5%
NEE Nextera Energy Inc. 0.41% 84,497 $7.1M Reduce -23.2%
AMZN Amazon.com Inc. 0.40% 37,488 $7.0M Add +38.8%
BUR Burford Capital Ltd. 0.39% 514,959 $6.8M Add +11.9%
NXPI NXP Semiconductors NV 0.39% 28,421 $6.8M New
PEP Pepsico Inc. 0.38% 39,627 $6.7M New
IGV iShares Expanded Tech-Softwa 0.38% 75,000 $6.7M No change
HRL Hormel Foods Corp. 0.38% 211,137 $6.7M Reduce -21.3%
SHW The Sherwin-Williams Co. 0.38% 17,422 $6.6M Add +36.1%
INSW International Seaways Inc. 0.37% 127,555 $6.6M Add +5.2%
MDLZ Mondelez International Inc. Class A 0.37% 87,682 $6.5M New
TALO Talos Energy Inc. 0.37% 622,873 $6.4M New
SMH Vaneck Semiconductor ETF 0.36% 25,833 $6.3M Add +3.3%
DHR Danaher Corp. 0.35% 22,122 $6.2M New
PCVX Vaxcyte Inc. 0.35% 53,583 $6.1M New
MNST Monster Beverage Corp. 0.35% 116,372 $6.1M Reduce -21.2%
EXTR Extreme Networks Inc. 0.34% 400,257 $6.0M New
POR Portland General Electric Co. 0.34% 124,079 $5.9M Add +15.7%
SBUX Starbucks Corp. 0.34% 60,583 $5.9M New
CNM Core & Main Inc. Class A 0.32% 128,506 $5.7M New
ADP Automatic Data Processing 0.32% 20,554 $5.7M New
KMB Kimberly-Clark Corp. 0.32% 39,877 $5.7M Reduce -65.3%
HPE Hewlett Packard Enterprise 0.32% 273,630 $5.6M Add +24.4%
AMBP Ardagh Metal Packaging SA 0.31% 1,461,169 $5.5M Add +5.1%
KLAC KLA Corp. 0.31% 6,972 $5.4M New
NVO Novo-Nordisk A/S-Spons ADR 0.31% 45,106 $5.4M New
AON Aon PLC Class A 0.30% 15,231 $5.3M Add +168.2%
XPO Xpo Inc. 0.30% 48,351 $5.2M New
PH Parker Hannifin Corp. 0.28% 7,915 $5.0M New

Show all 508 holdings

Options reported separately and not counted above: SPY puts ($148.9M), IWM puts ($11.0M), EEM puts ($2.3M), EEM calls ($2.3M), VYX calls ($1.8M), GT calls ($1.8M).

Portfolio Sells Q2 2024 → Q3 2024
IVV iShares Core S&P 500 ETF Sold out 0.00% −14.38
IWM iShares Russell 2000 ETF Sold out 0.00% −2.12
LW Lamb Weston Holdings Inc. Sold out 0.00% −1.66
AAPL Apple Inc. Reduce -85.1% 0.23% −1.66
DNLI Denali Therapeutics Inc. Reduce -6.3% 7.40% −1.27
AQN Algonquin Power & Utilities Sold out 0.00% −1.24
VEEV Veeva Systems Inc. Class A Sold out 0.00% −1.04
ASML ASML Holding NV-NY Reg SHS Reduce -63.8% 0.26% −0.94
KMB Kimberly-Clark Corp. Reduce -65.3% 0.32% −0.92
WDAY Workday Inc. Class A Sold out 0.00% −0.81
CL Colgate-Palmolive Co. Sold out 0.00% −0.73
STNG Scorpio Tankers Inc. Reduce -40.2% 0.41% −0.67
AVY Avery Dennison Corp. Reduce -76.9% 0.14% −0.66
ARMK Aramark Sold out 0.00% −0.65
SANA Sana Biotechnology Inc. Reduce -4.3% 0.73% −0.65
RCM R1 RCM Inc. Sold out 0.00% −0.64
TER Teradyne Inc. Sold out 0.00% −0.64
TAP Molson Coors Beverage Co. Class B Reduce -66.2% 0.24% −0.64
ACA Arcosa Inc. Reduce -43.7% 0.55% −0.63
TSM Taiwan Semiconductor-SP ADR Reduce -15.1% 1.00% −0.63
GT Goodyear Tire & Rubber Co. Reduce -70.1% 0.12% −0.59
EL Estee Lauder Companies Class A Reduce -52.7% 0.27% −0.57
VLTO Veralto Corp. Sold out 0.00% −0.53
CNP Centerpoint Energy Inc. Reduce -96.4% 0.01% −0.53
CNI Canadian Natl Railway Co. Sold out 0.00% −0.51
ETR Entergy Corp. Reduce -76.7% 0.13% −0.50
MRCY Mercury Systems Inc. Reduce -45.8% 0.55% −0.47
VECO Veeco Instruments Inc. Reduce -28.1% 0.25% −0.42
OKTA Okta Inc. Reduce -44.8% 0.19% −0.41
CBOE Cboe Global Markets Inc. Sold out 0.00% −0.41
MCO Moody's Corp. Sold out 0.00% −0.39
TSN Tyson Foods Inc. Class A Sold out 0.00% −0.34
NI Nisource Inc. Reduce -17.4% 0.88% −0.34
ES Eversource Energy Reduce -37.0% 0.41% −0.34
GLOB Globant SA Sold out 0.00% −0.33
RS Reliance Inc. Sold out 0.00% −0.33
UEC Uranium Energy Corp. Sold out 0.00% −0.32
CHKP Check Point Software Tech Sold out 0.00% −0.31
WCC Wesco International Inc. Sold out 0.00% −0.29
GPN Global Payments Inc. Sold out 0.00% −0.29
AGI Alamos Gold Inc. Class A Reduce -35.7% 0.42% −0.29
LNT Alliant Energy Corp. Reduce -28.3% 0.46% −0.28
CSTM Constellium SE Sold out 0.00% −0.27
AEM Agnico Eagle Mines Ltd. Reduce -31.5% 0.42% −0.27
MTSI Macom Technology Solutions H Reduce -35.1% 0.23% −0.26
GOOGL Alphabet Inc. Class A Reduce -80.5% 0.04% −0.26
HRL Hormel Foods Corp. Reduce -21.3% 0.38% −0.26
ALGM Allegro Microsystems Inc. Reduce -66.5% 0.06% −0.26
GEF Greif Inc. Class A Reduce -48.6% 0.17% −0.25
PCG P G & E Corp. Reduce -54.3% 0.15% −0.25

Portfolio Buys Q2 2024 → Q3 2024
SPY SS SPDR S&P 500 ETF Trust-US New 8.00% +8.00
CRM Salesforce Inc. Add +1222.3% 1.47% +1.33
COHR Coherent Corp. New 1.03% +1.03
MU Micron Technology Inc. New 0.78% +0.78
AVGO Broadcom Inc. Add +389.3% 1.06% +0.78
NEM Newmont Corp. New 0.72% +0.72
SAP Sap SE-Sponsored ADR New 0.68% +0.68
V Visa Inc. Class A New 0.65% +0.65
APH Amphenol Corp. Class A New 0.58% +0.58
PANW Palo Alto Networks Inc. New 0.57% +0.57
MT Arcelormittal-NY Registered New 0.53% +0.53
BARNES GROUP INC New 0.51% +0.51
SNOW Snowflake Inc. New 0.50% +0.50
WM Waste Management Inc. New 0.47% +0.47
CYBR Cyberark Software Ltd./Israel Add +704.4% 0.55% +0.46
ICE Intercontinental Exchange Inc. New 0.43% +0.43
CPAY Corpay Inc. New 0.43% +0.43
CHRW C.H. Robinson Worldwide Inc. New 0.43% +0.43
FDX FedEx Corp. New 0.43% +0.43
ZS Zscaler Inc. New 0.43% +0.43
NDAQ Nasdaq Inc. New 0.42% +0.42
ORCL Oracle Corp. New 0.41% +0.41
KO The Coca-Cola Co. Add +272.1% 0.61% +0.41
ADSK Autodesk Inc. Add +142.5% 0.80% +0.39
NXPI NXP Semiconductors NV New 0.39% +0.39
DDOG Datadog Inc. Class A Add +409.0% 0.55% +0.39
PEP Pepsico Inc. New 0.38% +0.38
MDLZ Mondelez International Inc. Class A New 0.37% +0.37
TALO Talos Energy Inc. New 0.37% +0.37
TTWO Take-Two Interactive Softwre Add +151.1% 0.82% +0.37
DHR Danaher Corp. New 0.35% +0.35
PCVX Vaxcyte Inc. New 0.35% +0.35
EXTR Extreme Networks Inc. New 0.34% +0.34
KEX Kirby Corp. Add +266.2% 0.54% +0.34
SBUX Starbucks Corp. New 0.34% +0.34
NSC Norfolk Southern Corp. Add +77.7% 1.01% +0.33
CNM Core & Main Inc. Class A New 0.32% +0.32
ADP Automatic Data Processing New 0.32% +0.32
KLAC KLA Corp. New 0.31% +0.31
NVO Novo-Nordisk A/S-Spons ADR New 0.31% +0.31
XPO Xpo Inc. New 0.30% +0.30
PH Parker Hannifin Corp. New 0.28% +0.28
DNN Denison Mines Corp. New 0.28% +0.28
XLK SS Technology Select Sector New 0.28% +0.28
FTV Fortive Corp. New 0.28% +0.28
AZN Astrazeneca PLC-Spons ADR New 0.27% +0.27
NUE Nucor Corp. New 0.26% +0.26
FCX Freeport-McMoran Inc. New 0.25% +0.25
JCI Johnson Controls Internation New 0.25% +0.25
MSFT Microsoft Corp. Add +133.5% 0.64% +0.25

Options Activity Q2 2024 → Q3 2024
SPY SS SPDR S&P 500 ETF Trust-US put New 259,500 $148.9M
IWM iShares Russell 2000 ETF put New 50,000 $11.0M
TLT iShares 20+ Year Treasury BD call Sold out 112,500 $10.3Mbefore exit
EEM iShares MSCI Emerging Market put New 50,000 $2.3M
EEM iShares MSCI Emerging Market call New 50,000 $2.3M
VYX NCR Voyix Corp. call New 135,400 $1.8M
GT Goodyear Tire & Rubber Co. call New 200,000 $1.8M

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