CDNL ranks #3521 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
CDNL is a top-conviction position for Engle Capital Management, L.P. — at 11.6% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in CDNL belongs to FMR LLC, but the position matters far more to Engle Capital Management, L.P., who has 11.6% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Fidelity has added to its CDNL position for two straight quarters, increasing it by $238.8M to reach $278.6M today.
Schonfeld Strategic Advisors LLC has trimmed its CDNL position for two straight quarters, cutting it by $17.0M while still holding $14.1M.
CDNL is down 1.6% today, but institutions show net buying of $799.4M this quarter — a divergence between today's price move and the underlying institutional flow.