Who owns CDNL (CDNL)
Which tracked institutional funds hold CDNL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CDNL company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on CDNL is one-sided between 2025-Q4 and 2026-Q1: 51 added or opened and 17 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
CDNL’s largest tracked holder by dollar value, FMR LLC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in CDNL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 93 tracked filers holding CDNL, 81 increased or opened the position and 25 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in CDNL between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 22
- BlackRock, Inc.$28M
- VANGUARD CAPITAL MANAGEMENT LLC$20M
- Conversant Capital LLC$19M
- GEODE CAPITAL MANAGEMENT, LLC$12M
- STATE STREET CORP$11M
- Bastion Asset Management Inc.$4M
Full exits 13
- ADAGE CAPITAL PARTNERS GP, L.L.C.$15M
- TimesSquare Capital Management, LLC$15M
- CITADEL ADVISORS LLC$10M
- MILLENNIUM MANAGEMENT LLC$7M
- Allspring Global Investments Holdings, LLC$4M
- AYAL Capital Advisors Ltd$2M
Largest adds
- FMR LLC$27M
- FRED ALGER MANAGEMENT, LLC$21M
- LORD, ABBETT & CO. LLC$21M
- ACK Asset Management LLC$14M
- Driehaus Capital Management LLC$14M
- PRINCIPAL FINANCIAL GROUP INC$14M
Largest trims
- Schonfeld Strategic Advisors LLC$14M
- Alyeska Investment Group, L.P.$5M
- BRANT POINT INVESTMENT MANAGEMENT LLC$2M
- BALYASNY ASSET MANAGEMENT L.P.$399K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FMR LLC added | 1,679,132 | $67M | 10.5% | 2026-Q1 |
| ACK Asset Management LLC added | 874,000 | $35M | 5.5% | 2026-Q1 |
| Ophir Asset Management Pty Ltd trimmed | 802,739 | $32M | 5.0% | 2026-Q1 |
| LORD, ABBETT & CO. LLC added | 751,558 | $30M | 4.7% | 2026-Q1 |
| BlackRock, Inc. new | 697,199 | $28M | 4.4% | 2026-Q1 |
| WASATCH ADVISORS LP added | 693,050 | $27M | 4.3% | 2026-Q1 |
| FRED ALGER MANAGEMENT, LLC added | 686,585 | $27M | 4.3% | 2026-Q1 |
| Driehaus Capital Management LLC added | 660,514 | $26M | 4.1% | 2026-Q1 |
| EMERALD ADVISERS, LLC added | 578,600 | $23M | 3.6% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 932,320 | $23M | 3.6% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 515,419 | $20M | 3.2% | 2026-Q1 |
| Conversant Capital LLC new | 471,609 | $19M | 3.0% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC trimmed | 439,707 | $17M | 2.8% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 428,263 | $17M | 2.7% | 2026-Q1 |
| EMERALD MUTUAL FUND ADVISERS TRUST added | 359,063 | $14M | 2.3% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 358,948 | $14M | 2.3% | 2026-Q1 |
| Nuveen, LLC added | 342,804 | $14M | 2.2% | 2026-Q1 |
| Engle Capital Management, L.P. added | 318,000 | $13M | 2.0% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC new | 306,943 | $12M | 1.9% | 2026-Q1 |
| STATE STREET CORP new | 267,929 | $11M | 1.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 174,778 | $7M | 1.1% | 2026-Q1 |
| OSTERWEIS CAPITAL MANAGEMENT INC added | 169,936 | $7M | 1.1% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 141,770 | $6M | 0.9% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 136,860 | $5M | 0.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 125,804 | $5M | 0.8% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 109,793 | $4M | 0.7% | 2026-Q1 |
| Bastion Asset Management Inc. new | 109,080 | $4M | 0.6% | 2026-Q1 |
| Ghisallo Capital Management LLC | 100,000 | $4M | 0.6% | 2026-Q1 |
| G2 Investment Partners Management LLC new | 98,023 | $4M | 0.6% | 2026-Q1 |
| NORTHERN TRUST CORP new | 95,417 | $4M | 0.6% | 2026-Q1 |
| CONGRESS ASSET MANAGEMENT CO new | 87,372 | $3M | 0.5% | 2026-Q1 |
| Taylor Frigon Capital Management LLC added | 86,774 | $3M | 0.5% | 2026-Q1 |
| Aventail Capital Group, LP added | 86,406 | $3M | 0.5% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 85,963 | $3M | 0.5% | 2026-Q1 |
| Granahan Investment Management, LLC new | 82,464 | $3M | 0.5% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 75,002 | $3M | 0.5% | 2026-Q1 |
| READYSTATE ASSET MANAGEMENT LP trimmed | 74,450 | $3M | 0.5% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC new | 68,200 | $3M | 0.4% | 2026-Q1 |
| Alyeska Investment Group, L.P. trimmed | 50,000 | $2M | 0.3% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 41,276 | $2M | 0.3% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC new | 36,601 | $1M | 0.2% | 2026-Q1 |
| KORNITZER CAPITAL MANAGEMENT INC /KS trimmed | 34,002 | $1M | 0.2% | 2026-Q1 |
| NATIXIS ADVISORS, LLC new | 30,455 | $1M | 0.2% | 2026-Q1 |
| XTX Topco Ltd added | 29,837 | $1M | 0.2% | 2026-Q1 |
| UBS Group AG added | 27,820 | $1M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP new | 30,126 | $1M | 0.2% | 2026-Q1 |
| Bank of New York Mellon Corp new | 26,235 | $1M | 0.2% | 2026-Q1 |
| BRANT POINT INVESTMENT MANAGEMENT LLC trimmed | 24,392 | $967K | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC new | 21,610 | $857K | 0.1% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC new | 21,200 | $841K | 0.1% | 2026-Q1 |
| MORGAN STANLEY added | 20,534 | $814K | 0.1% | 2026-Q1 |
| Round Rock Advisors LLC new | 18,897 | $749K | 0.1% | 2026-Q1 |
| Centiva Capital, LP new | 18,174 | $721K | 0.1% | 2026-Q1 |
| F/m Investments LLC new | 16,576 | $657K | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 15,738 | $624K | 0.1% | 2026-Q1 |
| US BANCORP \DE\ added | 12,815 | $508K | 0.1% | 2026-Q1 |
| HARBOR CAPITAL ADVISORS, INC. new | 12,150 | $482K | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS new | 10,522 | $417K | 0.1% | 2026-Q1 |
| OPPENHEIMER ASSET MANAGEMENT INC. new | 10,471 | $415K | 0.1% | 2026-Q1 |
| Zuckerman Investment Group, LLC | 10,000 | $397K | 0.1% | 2026-Q1 |
| Shay Capital LLC new | 10,000 | $397K | 0.1% | 2026-Q1 |
| BANK OF NOVA SCOTIA new | 9,200 | $366K | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ new | 9,064 | $360K | 0.1% | 2026-Q1 |
| Invesco Ltd. new | 7,409 | $294K | 0.0% | 2026-Q1 |
| BARCLAYS PLC added | 7,246 | $287K | 0.0% | 2026-Q1 |
| MetLife Investment Management, LLC new | 7,223 | $286K | 0.0% | 2026-Q1 |
| GatePass Capital, LLC new | 6,921 | $274K | 0.0% | 2026-Q1 |
| MARSHALL WACE, LLP new | 6,400 | $254K | 0.0% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP new | 6,155 | $244K | 0.0% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 6,027 | $239K | 0.0% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. new | 6,000 | $238K | 0.0% | 2026-Q1 |
| Boston Partners new | 5,778 | $229K | 0.0% | 2026-Q1 |
| TRUIST FINANCIAL CORP new | 5,477 | $217K | 0.0% | 2026-Q1 |
| Quadrature Capital Ltd new | 5,316 | $211K | 0.0% | 2026-Q1 |
| DEUTSCHE BANK AG\ new | 5,126 | $203K | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 5,208 | $195K | 0.0% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND new | 4,000 | $159K | 0.0% | 2026-Q1 |
| Police & Firemen's Retirement System of New Jersey new | 3,355 | $133K | 0.0% | 2026-Q1 |
| CITIGROUP INC new | 2,855 | $113K | 0.0% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS new | 2,600 | $103K | 0.0% | 2026-Q1 |
| STRS OHIO new | 2,200 | $87K | 0.0% | 2026-Q1 |
| Legal & General Group Plc new | 1,125 | $45K | 0.0% | 2026-Q1 |
| Ameritas Investment Partners, Inc. new | 1,049 | $42K | 0.0% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM new | 698 | $28K | 0.0% | 2026-Q1 |
| Tower Research Capital LLC (TRC) new | 519 | $21K | 0.0% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. new | 620,000 | $15M | 2.4% | 2025-Q4 stale |
| TimesSquare Capital Management, LLC new | 604,300 | $15M | 2.3% | 2025-Q4 stale |
| CITADEL ADVISORS LLC new | 407,949 | $10M | 1.6% | 2025-Q4 stale |
| MILLENNIUM MANAGEMENT LLC new | 278,678 | $7M | 1.1% | 2025-Q4 stale |
| Allspring Global Investments Holdings, LLC new | 157,269 | $4M | 0.6% | 2025-Q4 stale |
| AYAL Capital Advisors Ltd new | 94,200 | $2M | 0.4% | 2025-Q4 stale |
| Hudson Bay Capital Management LP new | 90,770 | $2M | 0.3% | 2025-Q4 stale |
| CenterBook Partners LP new | 82,459 | $2M | 0.3% | 2025-Q4 stale |
| J. Goldman & Co LP new | 74,829 | $2M | 0.3% | 2025-Q4 stale |
| HBK INVESTMENTS L P new | 68,995 | $2M | 0.3% | 2025-Q4 stale |
| VANGUARD GROUP INC new | 60,000 | $1M | 0.2% | 2025-Q4 stale |
| JANE STREET GROUP, LLC new | 31,879 | $771K | 0.1% | 2025-Q4 stale |
| HRT FINANCIAL LP new | 24,262 | $586K | 0.1% | 2025-Q4 stale |
| OXFORD ASSET MANAGEMENT LLP new | 14,673 | $355K | 0.1% | 2025-Q4 stale |
| Brevan Howard Capital Management LP new | 10,500 | $254K | 0.0% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.