SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Crestline Management, L.P.

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

Reported Value
$546M
Q2 2020
Positions
160
Filings on Record
31
2019–present window
Filed
Aug 14, 2020
original filing

Summary

Crestline Management, L.P. reported $546M in U.S.-listed holdings across 160 positions for Q2 2020.

The portfolio is heavily concentrated: DNLI alone accounts for 60.5% of reported value.

Compared with Q1 2020, the fund opened 114 new positions and exited 18.

Portfolio Metrics

Turnover
+10.0%
vs prior filed quarter
Top-10 Concentration
+70.2%
share of reported value
Largest Position
+60.5%
Denali Therapeutics
New / Exited
114 / 18
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: 83.8%ETP: 9.0%REIT: 4.3%Other: 1.9%ADR: 1.0%Tracking Stk: 0.0%
  • Common Stock · 83.8% · $457M
  • ETP · 9.0% · $49M
  • REIT · 4.3% · $24M
  • Other · 1.9% · $10M
  • ADR · 1.0% · $5M
  • Tracking Stk · 0.0% · $159,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QQQINVESCO QQQ TRNEW+50.0K50.0K+$12M$12M
PCGPG&E CORPNEW+1.16M1.16M+$10M$10M
SPYSPDR S&P 500 ETF TRNEW+32.8K32.8K+$10M$10M
BARCLAYS BK PLCNEW+250.0K250.0K+$8M$8M
FXEINVESCO CURRENCYSHARES EURONEW+60.0K60.0K+$6M$6M
WORWORTHINGTON INDS INCNEW+166.2K166.2K+$6M$6M
AVGOBROADCOM INCNEW+17.0K17.0K+$5M$5M
BRXBRIXMOR PPTY GROUP INCNEW+411.8K411.8K+$5M$5M

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

Holdings — Q2 2020

59 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM60.47%$330M13.64M
2PCGPG&E CORPhistory →COM1.88%$10M1.16M
3AMATAPPLIED MATLS INChistory →COM1.27%$7M115.0K
4AMHAMERICAN HOMES 4 RENThistory →CL A1.07%$6M217.1K
5NXPINXP SEMICONDUCTORS N Vhistory →COM1.06%$6M50.9K
6AVGOBROADCOM INCCOM0.98%$5M17.0K
7BRXBRIXMOR PPTY GROUP INCCOM0.97%$5M411.8K
8WORWORTHINGTON INDS INCCOM0.97%$5M141.2K
9HIWHIGHWOODS PPTYS INCCOM0.81%$4M118.0K
10AEMAGNICO EAGLE MINES LTDCOM0.72%$4M61.6K
11LAM RESEARCH CORPCOM0.68%$4M11.5K
12INTCINTEL CORPCOM0.68%$4M62.0K
13AATAMERICAN ASSETS TR INCCOM0.56%$3M108.9K
14SPYSPDR S&P 500 ETF TRTR UNIT0.50%$3M8.8K
15GDXVANECK VECTORS ETF TRGOLD MINERS ETF0.49%$3M73.0K
16MCHPMICROCHIP TECHNOLOGY INC.COM0.48%$3M25.0K
17CCKCROWN HLDGS INCCOM0.41%$2M34.0K
18QRVOQORVO INCCOM0.38%$2M19.0K
19CSTMCONSTELLIUM SECL A SHS0.29%$2M205.0K
20VALEVALE S ASPONSORED ADS0.28%$2M150.0K
21NVDANVIDIA CORPORATIONCOM0.28%$2M4.0K
22AAPLAPPLE INCCOM0.27%$1M4.1K
23BVNCOMPANIA DE MINAS BUENAVENTUSPONSORED ADR0.26%$1M155.0K
24MSFTMICROSOFT CORPCOM0.26%$1M6.9K
25FCPTFOUR CORNERS PPTY TR INCCOM0.24%$1M54.4K
26RPRXROYALTY PHARMA PLCSHS CL A0.23%$1M25.6K
27DUKE REALTY CORPCOM NEW0.22%$1M33.5K
28PLYMPLYMOUTH INDL REIT INCCOM0.20%$1M87.0K
29CHTRCHARTER COMMUNICATIONS INC NCL A0.20%$1M2.2K
30LEGNLEGEND BIOTECH CORPSPONSORED ADS0.20%$1M25.0K
31METAFACEBOOK INCCL A0.19%$1M4.5K
32VZVERIZON COMMUNICATIONS INCCOM0.18%$1M18.3K
33NVRIHARSCO CORPCOM0.18%$983,00072.7K
34TMUST-MOBILE US INCCOM0.16%$885,0008.5K
35MARVELL TECHNOLOGY GROUP LTDORD0.16%$877,00025.0K
36LITELUMENTUM HLDGS INCCOM0.16%$876,00010.8K
37PYPLPAYPAL HLDGS INCCOM0.16%$871,0005.0K
38ADBEADOBE INCCOM0.16%$857,0002.0K
39SBACSBA COMMUNICATIONS CORP NEWCL A0.16%$851,0002.9K
40AZEKAZEK CO INCCL A0.15%$797,00025.0K
41RPTXREPARE THERAPEUTICS INCCOM0.14%$779,00025.1K
42CRMSALESFORCE COM INCCOM0.13%$711,0003.8K
43MAMASTERCARD INCORPORATEDCL A0.13%$703,0002.4K
44WDAYWORKDAY INCCL A0.11%$627,0003.3K
45NEMNEWMONT CORPCOM0.11%$617,00010.0K
46DISCOVERY INCCOM SER A0.11%$576,00027.3K
47VROOM INCCOM0.10%$521,00010.0K
48GTMZOOMINFO TECHNOLOGIES INCCOM CL A0.09%$510,00010.0K
49SYNASYNAPTICS INCCOM0.09%$481,0008.0K
50ACIALBERTSONS COS INCCOMMON STOCK0.07%$394,00025.0K
51DCHAMERICAN AXLE & MFG HLDGS INCOM0.06%$315,00041.5K
52WMGWARNER MUSIC GROUP CORPCOM CL A0.05%$295,00010.0K
53APPLIED MOLECULAR TRANS INCCOM0.05%$251,00010.0K
54AKOUOS INCCOM0.04%$225,00010.0K
55DADA NEXUS LTDADS0.04%$223,00010.0K
56PCVXVAXCYTE INCCOM0.04%$221,0007.0K
57APIAGORA INCADS0.04%$221,0005.0K
58GOLDEN OCEAN GROUP LTDSHS NEW0.04%$194,00050.0K
59FUSION PHARMACEUTICALS INCCOM0.03%$175,00010.0K

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 ↗.