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Cadian Capital Management, LP

CIK:0001423686
Hedge Fund
$3B AUM
24 holdings
New York, NY, US
Founded:2007
40 employees
Latest filing:Jun 30, 2025

Cadian Capital Management, LP is a New York-based hedge fund founded in 2007. The firm specializes in long/short equity strategies, primarily within the technology, media, telecommunications, and healthcare sectors. Led by founder Eric Bannasch, Cadian manages assets for institutional investors and high-net-worth individuals, with an employee count estimated to be around 30 to 50 professionals.

Investment Strategy

Cadian Capital Management, LP focuses on long/short equity investing, targeting growth-oriented sectors such as technology, media, telecommunications, and healthcare. The firm combines rigorous fundamental research with a disciplined risk management approach to identify undervalued companies with significant upside and to take short positions in overvalued or structurally challenged firms. Their strategy is characterized by deep sector expertise and a flexible mandate designed to generate strong, risk-adjusted returns regardless of broader market conditions.

Latest 13F Filing Activity

Cadian Capital Management, LP filed their most recent 13F report on Jun 30, 2025 disclosing 24 equity positions with a total 13F market value of $2B. The fund increased holdings in Global E Online LTD, Confluent Inc., Omnicell Com among other positions. Cadian Capital Management, LP reduced exposure to Elastic N V, Planet Fitness Inc., Braze Inc. among others.

Top Buys
G
GLBEGLOBAL E ONLINE LTD
+$98.3M
C
CFLTCONFLUENT INC
+$55.0M
O
OMCLOMNICELL COM
+$48.9M
F
FLYWFLYWIRE CORPORATION
+$47.4M
S
SDGRSCHRODINGER INC
+$39.5M
Top Sells
E
ESTCELASTIC N V
-$178.0M
P
PLNTPLANET FITNESS INC
-$90.1M
B
BRZEBRAZE INC
-$89.9M
B
BBWIBATH & BODY WORKS INC
-$79.6M
M
MNDYMONDAY COM LTD
-$69.0M

Top Holdings

G
GLBEGLOBAL E ONLINE LTD
+10.4%$185.1M
G
GHGUARDANT HEALTH INC
+9.3%$165.4M
C
CRTOCRITEO S A
+6.7%$119.9M
E
EVHEVOLENT HEALTH INC
+6.6%$117.4M
P
PCORPROCORE TECHNOLOGIES INC
+6.5%$116.6M

Equity Positions (24)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
GLOBAL E ONLINE LTD10.36%$185.1M5,517,336$34.58$33.54+$98.3M
GUARDANT HEALTH INC9.27%$165.4M3,179,217$22.10$52.04-$30.3M
CRITEO S A6.71%$119.9M5,002,794$32.72$23.96-$37.8M
EVOLENT HEALTH INC6.57%$117.4M10,424,701$10.33$11.26+$15.2M
PROCORE TECHNOLOGIES INC6.53%$116.6M1,703,477$64.90$68.42-$13.8M

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+47.0%
SERVICES-BUSINESS SERVICES, NEC
+10.3%
SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH
+10.2%
SERVICES-MEDICAL LABORATORIES
+8.0%
SERVICES-MANAGEMENT SERVICES
+5.9%

Investment Team (7)

NameRoleLocationLinkedIn
E
Evan Schneider
AnalystNew York, NY , United States
J
John Jernigan
PartnerNew York, NY , United States
K
Kyle Nicholson
AnalystNew York, NY , United States
N
Noah Silver
Managing DirectorNew York, NY , United States
S
Sulaiman Mahmood
AnalystNew York, NY , United States
J
Jingwen Guo
AnalystCharlotte, NC , United States
P
Peter L.
AnalystSan Francisco, CA , United States