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Livermore
Livermore
ZHEN

Cadian Capital Management, LP

SEC CIK
0001423686
Latest filing
Aug 14, 2026

The latest 13F from Cadian Capital Management, LP covers Q2 2026 (filed Aug 14, 2026): 28 long positions worth $1.32B. The top 10 holdings make up 64.2% of the portfolio, and the largest is IQVIA Holdings Inc. (IQV) at 11.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
9
Est. +$290.9M
Added
12
Est. +$230.7M
Reduced
6
Est. −$84.8M
Sold out
4
Est. −$135.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. IQVIQVIA Holdings Inc.
    11.9%$157.6MHistory
  2. GHGuardant Health, Inc.
    8.6%$113.6MHistory
  3. FLYWFlywire Corp
    7.6%$100.9MHistory
  4. PLNTPlanet Fitness, Inc.
    6.3%$83.5MHistory
  5. SPOTSpotify Technology S.A.
    6.0%$79.9MHistory

Share of portfolio

Top 5 holdings and the other 23 positions, by share of portfolio value

  1. IQV11.9%
  2. GH8.6%
  3. FLYW7.6%
  4. PLNT6.3%
  5. SPOT6.0%
  6. Other 23 positions59.5%

Biggest buys

New and added positions, by estimated amount bought

  1. SPOTSpotify Technology S.A.
    +$79.9MNewHistory
  2. VRNSVaronis Systems Inc
    +$66.5MNewHistory
  3. PLNTPlanet Fitness, Inc.
    +$65.0MAddedHistory
  4. DHRDanaher Corp
    +$62.1MNewHistory
  5. AMZNAmazon Com Inc
    +$42.8MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. SPOTSpotify Technology S.A.
    +6.05 pp0.0% → 6.0%History
  2. VRNSVaronis Systems Inc
    +5.04 pp0.0% → 5.0%History
  3. DHRDanaher Corp
    +4.70 pp0.0% → 4.7%History
  4. AMZNAmazon Com Inc
    +3.24 pp0.0% → 3.2%History
  5. PLNTPlanet Fitness, Inc.
    +3.10 pp3.2% → 6.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DKNGDraftKings Inc.
    −$79.2MSold outHistory
  2. PANWPalo Alto Networks Inc
    −$44.0MSold outHistory
  3. CYRXCryoport, Inc.
    −$29.1MReducedHistory
  4. HQYHealthequity, Inc.
    −$18.6MReducedHistory
  5. FLYWFlywire Corp
    −$15.4MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. DKNGDraftKings Inc.
    −9.64 pp9.6% → 0.0%History
  2. PANWPalo Alto Networks Inc
    −5.36 pp5.4% → 0.0%History
  3. HQYHealthequity, Inc.
    −4.19 pp8.5% → 4.3%History
  4. FLYWFlywire Corp
    −1.74 pp9.4% → 7.6%History
  5. NTNXNutanix, Inc.
    −1.62 pp3.9% → 2.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.32B
+$500.2M (+60.9%) vs. prior quarter
Positions
28
+5 vs. prior quarter
Top 10 concentration
64.2%
Top 10 as share of value
Turnover
20.5%
Q2 2026, one quarter
Average holding period
5.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.81B (Q1 2024)

Q1 2021: $2.70BQ2 2021: $2.25BQ3 2021: $2.65BQ4 2021: $1.82BQ1 2022: $2.00BQ2 2022: $1.48BQ3 2022: $1.71BQ4 2022: $1.38BQ1 2023: $1.61BQ2 2023: $2.12BQ3 2023: $2.48BQ4 2023: $2.51BQ1 2024: $2.81BQ2 2024: $2.01BQ3 2024: $1.95BQ4 2024: $1.74BQ1 2025: $2.34BQ2 2025: $1.79BQ3 2025: $1.68BQ4 2025: $1.38BQ1 2026: $821.2MQ2 2026: $1.32B
Q1 2021Q2 2026
13F filings of Cadian Capital Management, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202628$1.32BIQVGHFLYWvs. Q1 2026SEC
Q1 2026May 15, 202623$821.2MIQVDKNGFLYWvs. Q4 2025SEC
Q4 2025Feb 17, 202626$1.38BDKNGGLBEIQVvs. Q3 2025SEC
Q3 2025Nov 14, 202526$1.68BGLBEFLYWIQVvs. Q2 2025SEC
Q2 2025Aug 14, 202524$1.79BGLBEGHCRTOvs. Q1 2025SEC
Q1 2025May 15, 202530$2.34BESTCGHBRZEvs. Q4 2024SEC
Q4 2024Feb 14, 202526$1.74BESTCGHBRZEvs. Q3 2024SEC
Q3 2024Nov 14, 202427$1.95BESTCPCORRELYvs. Q2 2024SEC
Q2 2024Aug 14, 202429$2.01BBRZEVRNSPLNTvs. Q1 2024SEC
Q1 2024May 15, 202436$2.81BPLNTPCORBRZEvs. Q4 2023SEC
Q4 2023Feb 14, 202431$2.51BPLNTCTLTPCORvs. Q3 2023SEC
Q3 2023Nov 14, 202332$2.48BPANWCTLTPLNTvs. Q2 2023SEC
Q2 2023Aug 14, 202330$2.12BPANWBRZEPCORvs. Q1 2023SEC
Q1 2023May 15, 202326$1.61BPANWBRZEHUBSvs. Q4 2022SEC
Q4 2022Feb 13, 202331$1.38BPANWBRZEHUBSvs. Q3 2022SEC
Q3 2022Nov 14, 202256$1.71BPANWBKNGBRZEvs. Q2 2022SEC
Q2 2022Aug 15, 202256$1.48BPANWUBERBRZEvs. Q1 2022SEC
Q1 2022May 16, 202260$2.00BPANWPLANUBERvs. Q4 2021SEC
Q4 2021Feb 11, 202263$1.82BPLANUBERPANWvs. Q3 2021SEC
Q3 2021Nov 12, 202166$2.65BPLANPANWLBRDKvs. Q2 2021SEC
Q2 2021Aug 13, 202158$2.25BPANWLBRDKUBERvs. Q1 2021SEC
Q1 2021May 14, 202153$2.70BLBRDKPANWUBER–SEC

13D and 13G filings

Companies where Cadian Capital Management, LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

4 companies, largest stake first.

Companies where Cadian Capital Management, LP owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
EVHEvolent Health, Inc.13G9.30%10.8M sharesNewMay 15, 20251 filingMay 15, 2025SEC
SIBNSI-BONE, Inc.13G7.50%3.35M sharesNewAug 14, 20261 filingAug 14, 2026SEC
TCMDTactile Systems Technology Inc13G/A7.00%1.58M shares+2.10 ppfrom 4.90%Feb 14, 20245 filingsAug 14, 2026SEC
CYRXCryoport, Inc.13G/A5.80%2.92M shares−4.17 ppfrom 9.97%Feb 14, 20244 filingsAug 14, 2026SEC

Latest filings

61 filings on file made by Cadian Capital Management, LP or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Cadian Capital Management, LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
CYRXCryoport, Inc.Aug 14, 20263:34 PM ET13G/A5.80%2.92M shares−4.17 ppfrom 9.97%Jun 30, 2026SEC
TCMDTactile Systems Technology IncAug 14, 20263:33 PM ET13G/A7.00%1.58M shares+2.10 ppfrom 4.90%Jun 30, 2026SEC
FLYWFlywire CorpAug 14, 20263:32 PM ET13G/A4.70%5.74M shares−0.80 ppfrom 5.50%Below 5%Jun 30, 2026SEC
SIBNSI-BONE, Inc.Aug 14, 20263:31 PM ET13G7.50%3.35M sharesNewJun 30, 2026SEC
FLYWFlywire CorpMay 15, 20263:46 PM ET13G/A5.50%6.62M shares−1.10 ppfrom 6.60%Mar 31, 2026SEC
FLYWFlywire CorpFeb 17, 20262:30 PM ET13G/A6.60%7.93M shares−2.80 ppfrom 9.40%Dec 31, 2025SEC
TCMDTactile Systems Technology IncFeb 17, 20262:29 PM ET13G/A4.90%1.08M shares−4.90 ppfrom 9.80%Below 5%Dec 31, 2025SEC
MXCTMaxcyte, Inc.Feb 17, 20262:28 PM ET13G/A3.50%3.68M shares−4.20 ppfrom 7.70%Below 5%Dec 31, 2025SEC
SPTSprout Social, Inc.Feb 17, 20262:27 PM ET13G/A0.00%0 shares−7.30 ppfrom 7.30%Below 5%Dec 31, 2025SEC
SPTSprout Social, Inc.Nov 14, 20251:41 PM ET13G/A7.30%3.86M shares−2.60 ppfrom 9.90%Sep 30, 2025SEC
CRTOCriteo S.A.Nov 14, 20251:40 PM ET13G/A4.30%2.48M shares−3.90 ppfrom 8.20%Below 5%Sep 30, 2025SEC
MXCTMaxcyte, Inc.Nov 14, 20251:40 PM ET13G/A7.70%8.23M shares−1.20 ppfrom 8.90%Sep 30, 2025SEC
FLYWFlywire CorpNov 14, 20251:39 PM ET13G/A9.40%11.3M shares+1.30 ppfrom 8.10%Sep 30, 2025SEC
FLYWFlywire CorpAug 14, 202510:46 AM ET13G/A8.10%9.76M shares+2.30 ppfrom 5.80%Jun 30, 2025SEC
BRZEBraze, Inc.Aug 14, 202510:45 AM ET13G/A2.90%2.65M shares−2.20 ppfrom 5.10%Below 5%Jun 30, 2025SEC
TCMDTactile Systems Technology IncAug 7, 202511:54 AM ET13G/A9.80%2.19M shares–Jun 30, 2025SEC
SPTSprout Social, Inc.May 15, 20252:30 PM ET13G/A9.90%5.06M shares–Mar 31, 2025SEC
EVHEvolent Health, Inc.May 15, 20252:29 PM ET13G9.30%10.8M sharesNewMar 31, 2025SEC
CRTOCriteo S.A.May 15, 20252:28 PM ET13G8.20%4.45M shares–Mar 31, 2025SEC
BRZEBraze, Inc.May 15, 20252:26 PM ET13G5.10%4.56M shares+0.90 ppfrom 4.20%Mar 31, 2025SEC