CADIAN CAPITAL MANAGEMENT, LP
Long book
$821.2M
Q1 2026
Positions
23
Top-10 weight
76%
concentration
Last quarter
+38.5%
SPY +14.8%
Turnover
42%
of book per quarter
Strategy in plain words
auto-generated from filingsCADIAN CAPITAL MANAGEMENT, LP is a concentrated fundamental stock-picker, running a $821.2M US long book across 23 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: IQVIA HOLDINGS INC, DRAFTKINGS INC-CL A, FLYWIRE CORP-VOTING, GUARDANT HEALTH INC, HEALTHEQUITY INC.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.3%
Q2 2024
+1.8%
Q3 2024
+24.6%
Q4 2024
-6.6%
Q1 2025
+3.4%
Q2 2025
+1.6%
Q3 2025
+3.1%
Q4 2025
-24.9%
Q1 2026
+38.5%
Sector allocation
Healthcare 40%
Services media 34%
Technology 26%
Long book by quarter
What does CADIAN CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| IQV IQVIA HOLDINGS INC | Healthcare | 813.2K | $138.7M | 16.9% | +47.9% |
| DKNG DRAFTKINGS INC-CL A | Services media | 3.7M | $79.2M | 9.6% | -33.7% |
| FLYW FLYWIRE CORP-VOTING | Services media | 6.6M | $77.0M | 9.4% | -16.5% |
| GH GUARDANT HEALTH INC | Healthcare | 779.6K | $72.0M | 8.8% | -15.5% |
| HQY HEALTHEQUITY INC | Services media | 832.7K | $69.6M | 8.5% | +46.9% |
| PANW PALO ALTO NETWORKS INC | Technology | 274.5K | $44.0M | 5.4% | New |
| CYRX CRYOPORT INC | Healthcare | 4.8M | $39.5M | 4.8% | -3.8% |
| MNDY MONDAY.COM LTD | Technology | 539.6K | $37.3M | 4.5% | +23.1% |
| NTNX NUTANIX INC - A | Technology | 850.0K | $32.3M | 3.9% | -38.3% |
| INTA INTAPP INC | Technology | 1.2M | $32.1M | 3.9% | +574.8% |
| TCMD TACTILE SYSTEMS TECHNOLOGY I | Healthcare | 1.0M | $27.2M | 3.3% | -4.0% |
| PLNT PLANET FITNESS INC - CL A | Services media | 355.0K | $26.4M | 3.2% | New |
| EVH EVOLENT HEALTH INC - A | Services media | 10.8M | $24.7M | 3.0% | -2.4% |
| SIBN SI-BONE INC | Healthcare | 1.9M | $23.8M | 2.9% | +61.2% |
| ALKT ALKAMI TECHNOLOGY INC | Technology | 1.3M | $20.9M | 2.5% | +14.2% |
| PCOR PROCORE TECHNOLOGIES INC | Technology | 330.0K | $18.8M | 2.3% | -68.8% |
| VRSN VERISIGN INC | Technology | 45.0K | $11.2M | 1.4% | New |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 170.0K | $10.7M | 1.3% | New |
| GLBE GLOBAL-E ONLINE LTD | Technology | 221.7K | $6.8M | 0.8% | -94.9% |
| OABI OMNIAB INC | Healthcare | 4.2M | $6.5M | 0.8% | -6.3% |
| PEGA PEGASYSTEMS INC | Technology | 119.7K | $5.1M | 0.6% | New |
| MXCT MAXCYTE INC | Healthcare | 1.7M | $1.2M | 0.1% | -53.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 23 | $821.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 26 | $1.38B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 26 | $1.68B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 24 | $1.79B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 30 | $2.34B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 26 | $1.74B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 28 | $1.95B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 29 | $2.01B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 36 | $2.81B | canonical | SEC ↗ |
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