Cardinal Infrastructure Group Inc.

CDNL

Exchange: Nasdaq
Industry: Heavy Construction Other Than Bldg Const - Contractors
SEC CIK: 0002079999

SEC filings (opens in a new tab)

In the last 90 days, Cardinal Infrastructure Group Inc. insiders filed 7 open-market purchases and 0 sales; 157 institutions reported holding it in 13F filings for Q2 2026, worth $2.02B in total; no superinvestor holds it.

Q1 2026 vs. Q4 2025

How the institutions holding Cardinal Infrastructure Group Inc. changed between Q4 2025 and Q1 2026.

All holders in Q1 2026 All holders in Q4 2025

13F holders of CDNL: Q4 2025 compared with Q1 2026
Measure	Q4 2025	Of which not filed for Q1 2026	Q1 2026	Change
Holders	54	1	93	+40
Shares	13.2M	60.0K	15.0M	+1.85M (+14.0%)
Value	$319.8M	$1.45M	$581.1M	+$262.7M (+82.5%)

1 institution that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so the changes leave them out.

New holders (54)

Institutions that held Cardinal Infrastructure Group Inc. at the end of Q1 2026 but not at the end of Q4 2025.

Institutions new to CDNL in Q1 2026
Institution	Shares	Value	% of portfolio
BlackRock, Inc.	697,199	$27.6M	0.00%
Vanguard Capital Management LLC	515,419	$20.4M	0.00%
Conversant Capital LLC	471,609	$18.7M	2.58%
Geode Capital Management, LLC	306,943	$12.2M	0.00%
State Street Corp	267,929	$10.6M	0.00%
Bastion Asset Management Inc.	109,080	$4.02M	1.22%
G2 Investment Partners Management LLC	98,023	$3.89M	0.96%
Northern Trust Corp	95,417	$3.78M	0.00%
Congress Asset Management Co	87,372	$3.46M	0.02%
Vanguard Fiduciary Trust Co	85,963	$3.41M	0.00%
Granahan Investment Management Inc	82,464	$3.27M	0.16%
Vanguard Portfolio Management LLC	75,002	$2.97M	0.00%
Renaissance Technologies LLC	68,200	$2.70M	0.00%
Charles Schwab Investment Management Inc	36,601	$1.45M	0.00%
Natixis Advisors, L.P.	30,455	$1.21M	0.00%
Jones Financial Companies LLLP	30,126	$1.09M	0.00%
Bank of New York Mellon Corp	26,235	$1.04M	0.00%
Envestnet Asset Management Inc	21,610	$856.9K	0.00%
Boothbay Fund Management, LLC	21,200	$840.7K	0.02%
Round Rock Advisors, LLC	18,897	$749.5K	0.11%
Centiva Capital, LP	18,174	$720.7K	0.03%
F/M Investments LLC	16,576	$657.3K	0.04%
Harbor Capital Advisors, Inc.	12,150	$482.0K	0.04%
Rhumbline Advisers	10,522	$417.2K	0.00%
Oppenheimer Asset Management Inc.	10,471	$415.2K	0.00%
Shay Capital LLC	10,000	$396.6K	0.06%
Bank of Nova Scotia	9,200	$365.9K	0.00%
Price T Rowe Associates Inc	9,064	$360.0K	0.00%
Invesco Ltd.	7,409	$293.8K	0.00%
MetLife Investment Management	7,223	$286.4K	0.00%
GatePass Capital, LLC	6,921	$274.5K	0.13%
Marshall Wace, LLP	6,400	$253.8K	0.00%
Susquehanna International Group, LLP	6,155	$244.1K	0.00%
Vanguard Global Advisers, LLC	6,027	$239.0K	0.00%
Mirae Asset Global ETFs Holdings Ltd.	6,000	$237.9K	0.00%
Boston Partners	5,778	$229.1K	0.00%
Truist Financial Corp	5,477	$217.2K	0.00%
Quadrature Capital Ltd	5,316	$210.8K	0.00%
Deutsche Bank AG	5,126	$203.3K	0.00%
New York State Common Retirement Fund	4,000	$158.6K	0.00%
Police & Firemen's Retirement System of New Jersey	3,355	$133.0K	0.00%
Citigroup Inc	2,855	$113.2K	0.00%
BNP Paribas Arbitrage, SA	2,600	$103.1K	0.00%
STRS Ohio	2,200	$87.2K	0.00%
Legal & General Group Plc	1,125	$44.6K	0.00%
Ameritas Investment Partners, Inc.	1,049	$41.6K	0.00%
California State Teachers Retirement System	698	$27.7K	0.00%
Tower Research Capital LLC (TRC)	519	$20.6K	0.00%
Assetmark, Inc	501	$19.9K	0.00%
Federation des caisses Desjardins du Quebec	260	$10.3K	0.00%
Sterling Capital Management LLC	240	$9.52K	0.00%
Caitong International Asset Management Co., Ltd	39	$1.55K	0.00%
MAI Capital Management	29	$1.15K	0.00%
Quantbot Technologies LP	1	$40	0.00%

Sold out (14)

Institutions that held Cardinal Infrastructure Group Inc. at the end of Q4 2025 and filed for Q1 2026 without it.

Institutions that sold out of CDNL in Q1 2026
Institution	Shares, Q4 2025	Value, Q4 2025
Adage Capital Partners GP, L.L.C.	620,000	$15.0M
TimesSquare Capital Management, LLC	604,300	$14.6M
Citadel Advisors LLC	407,949	$9.86M
Millennium Management LLC	278,678	$6.74M
Allspring Global Investments Holdings, LLC	157,269	$3.56M
AYAL Capital Advisors Ltd	94,200	$2.28M
Hudson Bay Capital Management LP	90,770	$2.19M
CenterBook Partners LP	82,459	$1.99M
J. Goldman & Co LP	74,829	$1.81M
HBK Investments L P	68,995	$1.67M
Jane Street Group, LLC	31,879	$770.8K
HRT Financial LP	24,262	$586.0K
Oxford Asset Management LLP	14,673	$354.8K
Brevan Howard Capital Management LP	10,500	$253.9K

Not filed for Q1 2026 yet (1)

Institutions that held Cardinal Infrastructure Group Inc. at the end of Q4 2025 and haven't filed a 13F for Q1 2026. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding CDNL in Q4 2025 that haven't filed for Q1 2026
Institution	Shares, Q4 2025	Value, Q4 2025
Vanguard Group Inc	60,000	$1.45M