SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Crestline Management, L.P.

CIK 0001536054 · 201 MAIN STREET, SUITE 2100, FORT WORTH, TX, 76102 · 817.339.7483

Reported Value
$347M
Q1 2020
Positions
32
Filings on Record
31
2019–present window
Filed
May 13, 2020
amendment (RESTATEMENT)

Summary

Crestline Management, L.P. reported $347M in U.S.-listed holdings across 32 positions for Q1 2020.

The portfolio is heavily concentrated: DNLI alone accounts for 78.4% of reported value.

Compared with Q4 2019, the fund opened 27 new positions and exited 36.

Portfolio Metrics

Turnover
+11.1%
vs prior filed quarter
Top-10 Concentration
+90.2%
share of reported value
Largest Position
+78.4%
Denali Therapeutics
New / Exited
27 / 36
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $461MQ1 ’19Q2 ’19: $743MQ3 ’19: $621MQ4 ’19: $772MQ1 ’20: $347MQ1 ’20Q2 ’20: $546MQ3 ’20: $678MQ4 ’20: $943MQ1 ’21: $788MQ1 ’21Q2 ’21: $1.2BQ3 ’21: $1.1BQ4 ’21: $1.3BQ1 ’22: $834MQ1 ’22Q2 ’22: $766MQ3 ’22: $740MQ4 ’22: $682MQ1 ’23: $842MQ1 ’23Q2 ’23: $958MQ3 ’23: $858MQ4 ’23: $1.2BQ1 ’24: $1.1BQ1 ’24Q2 ’24: $1.3BQ3 ’24: $1.9BQ4 ’24: $3.0BQ1 ’25: $63MQ1 ’25Q2 ’25: $63MQ3 ’25: $58MQ4 ’25: $53MQ1 ’26: $46MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 90.6%REIT: 7.1%ADR: 1.2%ETP: 0.7%Other: 0.4%
  • Common Stock · 90.6% · $315M
  • REIT · 7.1% · $25M
  • ADR · 1.2% · $4M
  • ETP · 0.7% · $2M
  • Other · 0.4% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KRCKILROY RLTY CORPNEW+110.0K110.0K+$7M$7M
INTCINTEL CORPNEW+98.0K98.0K+$5M$5M
AMATAPPLIED MATLS INCNEW+89.4K89.4K+$4M$4M
BXPBOSTON PROPERTIES INCNEW+44.4K44.4K+$4M$4M
KLACKLA CORPORATIONNEW+26.7K26.7K+$4M$4M
LAM RESEARCH CORPNEW+14.8K14.8K+$4M$4M
RIORIO TINTO PLCNEW+73.0K73.0K+$3M$3M
NEMNEWMONT CORPNEW+66.9K66.9K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2020

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM78.45%$273M15.57M
2KRCKILROY RLTY CORPhistory →COM2.02%$7M110.0K
3MUMICRON TECHNOLOGY INChistory →COM1.78%$6M146.9K
4INTCINTEL CORPhistory →COM1.53%$5M98.0K
5BXPBOSTON PROPERTIES INChistory →COM1.18%$4M44.4K
6AMATAPPLIED MATLS INChistory →COM1.18%$4M89.4K
7KLACKLA CORPORATIONhistory →COM NEW1.10%$4M26.7K
8AMHAMERICAN HOMES 4 RENThistory →CL A1.03%$4M155.0K
9LAM RESEARCH CORPCOM1.02%$4M14.8K
10RIORIO TINTO PLCSPONSORED ADR0.96%$3M73.0K
11NEMNEWMONT CORPCOM0.87%$3M66.9K
12AATAMERICAN ASSETS TR INCCOM0.85%$3M118.0K
13NXPINXP SEMICONDUCTORS N VCOM0.84%$3M35.1K
14GDXVANECK VECTORS ETF TRGOLD MINERS ETF0.66%$2M100.0K
15CMCCOMMERCIAL METALS COCOM0.65%$2M143.4K
16LITELUMENTUM HLDGS INCCOM0.62%$2M29.0K
17MCHPMICROCHIP TECHNOLOGY INCCOM0.59%$2M30.5K
18ADIANALOG DEVICES INCCOM0.57%$2M22.0K
19INVHINVITATION HOMES INCCOM0.53%$2M86.5K
20CCKCROWN HLDGS INCCOM0.48%$2M28.5K
21TRTXTPG RE FIN TR INCCOM0.47%$2M295.6K
22OREALTY INCOME CORPCOM0.43%$1M30.0K
23PLYMPLYMOUTH INDL REIT INCCOM0.33%$1M102.0K
24ADCAGREE REALTY CORPCOM0.27%$929,00015.0K
25EURONAV NV ANTWERPENSHS0.26%$902,00080.0K
26TWLOTWILIO INCCL A0.26%$895,00010.0K
27VALEVALE S ASPONSORED ADS0.24%$829,000100.0K
28ABXBARRICK GOLD CORPORATIONCOM0.21%$740,00040.4K
29XPOXPO LOGISTICS INCCOM0.18%$609,00012.5K
30FRONTLINE LTDSHS NEW0.17%$577,00060.0K
31ORNPFRETAIL PPTYS AMER INCCL A0.15%$517,000100.0K
32KNKNOWLES CORPCOM0.15%$507,00037.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$46M3May 15, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025$53M3Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$58M3Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$63M3Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$63M3May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$3.0B705Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.9B514Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.3B159Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.1B157May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B157Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$858M143Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$958M148Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$842M157May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$682M165Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$740M201Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$766M221Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$834M256May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.3B227Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.1B236Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.2B177Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$788M98May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$943M141Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$678M91Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$546M160Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$347M32May 13, 2020RESTATEMENTchanges · EDGAR ↗
Q4 2019$772M41Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$621M79Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$743M82Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$461M3May 15, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • Oribel Capital Management, LP028-17769

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.