SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Crestline Management, L.P.

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

Reported Value
$678M
Q3 2020
Positions
91
Filings on Record
31
2019–present window
Filed
Nov 13, 2020
original filing

Summary

Crestline Management, L.P. reported $678M in U.S.-listed holdings across 91 positions for Q3 2020.

The portfolio is heavily concentrated: DNLI alone accounts for 64.4% of reported value.

Compared with Q2 2020, the fund opened 49 new positions and exited 98.

Portfolio Metrics

Turnover
+25.3%
vs prior filed quarter
Top-10 Concentration
+73.0%
share of reported value
Largest Position
+64.4%
Denali Therapeutics
New / Exited
49 / 98
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: 86.8%REIT: 7.3%ETP: 3.7%NY Reg Shrs: 1.0%ADR: 0.7%PUBLIC: 0.4%
  • Common Stock · 86.8% · $589M
  • REIT · 7.3% · $50M
  • ETP · 3.7% · $25M
  • NY Reg Shrs · 1.0% · $7M
  • ADR · 0.7% · $5M
  • PUBLIC · 0.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VNQVANGUARD INDEX FDSNEW+100.0K100.0K+$8M$8M
QCOMQUALCOMM INCNEW+61.1K61.1K+$7M$7M
MTARCELORMITTAL SA LUXEMBOURGNEW+519.1K519.1K+$7M$7M
WRIWEINGARTEN RLTY INVSNEW+400.0K400.0K+$7M$7M
NATIONAL STORAGE AFFILIATESNEW+200.2K200.2K+$7M$7M
KRCKILROY RLTY CORPNEW+118.8K118.8K+$6M$6M
UDRUDR INCNEW+180.0K180.0K+$6M$6M
COLUMBIA PPTY TR INCNEW+481.2K481.2K+$5M$5M

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

Holdings — Q3 2020

74 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM64.45%$437M12.20M
2QCOMQUALCOMM INChistory →COM1.06%$7M61.1K
3MTARCELORMITTAL SA LUXEMBOURGhistory →NY REGISTRY SH1.01%$7M519.1K
4WRIWEINGARTEN RLTY INVSSH BEN INT1.00%$7M400.0K
5NATIONAL STORAGE AFFILIATESCOM SHS BEN IN0.97%$7M200.2K
6MCHPMICROCHIP TECHNOLOGY INC.COM0.96%$6M63.2K
7KRCKILROY RLTY CORPCOM0.91%$6M118.8K
8WORWORTHINGTON INDS INCCOM0.90%$6M149.9K
9QRVOQORVO INCCOM0.90%$6M47.1K
10UDRUDR INCCOM0.87%$6M180.0K
11AATAMERICAN ASSETS TR INCCOM0.84%$6M236.1K
12AMATAPPLIED MATLS INCCOM0.83%$6M95.0K
13COLUMBIA PPTY TR INCCOM NEW0.77%$5M481.2K
14METMETLIFE INCCOM0.76%$5M139.2K
15HRUSDHEALTHCARE RLTY TRCOM0.70%$5M157.6K
16CCKCROWN HLDGS INCCOM0.63%$4M56.0K
17NEMNEWMONT CORPCOM0.62%$4M66.5K
18GDXVANECK VECTORS ETF TRGOLD MINERS ETF0.61%$4M105.0K
19EQHEQUITABLE HLDGS INCCOM0.57%$4M211.0K
20AEMAGNICO EAGLE MINES LTDCOM0.56%$4M47.7K
21AIZASSURANT INCCOM0.54%$4M30.3K
22BROBROWN & BROWN INCCOM0.54%$4M80.2K
23STLDSTEEL DYNAMICS INCCOM0.52%$4M123.6K
24ALLALLSTATE CORPCOM0.52%$4M37.6K
25WRBBERKLEY W R CORPCOM0.51%$3M57.0K
26NWLNEWELL BRANDS INCCOM0.51%$3M200.0K
27KMPRKEMPER CORPCOM0.47%$3M47.3K
28TXTERNIUM SASPONSORED ADS0.43%$3M155.9K
29VOYAVOYA FINANCIAL INCCOM0.42%$3M59.5K
30AMZNAMAZON COM INCCOM0.42%$3M900
31AAPLAPPLE INCCOM0.41%$3M24.0K
32AJGGALLAGHER ARTHUR J & COCOM0.40%$3M25.9K
33SCHNITZER STL INDSCL A0.40%$3M140.6K
34VZVERIZON COMMUNICATIONS INCCOM0.39%$3M45.0K
35MKLMARKEL CORPCOM0.39%$3M2.7K
36GLGLOBE LIFE INCCOM0.39%$3M32.9K
37TERTERADYNE INCCOM0.38%$3M32.1K
38SPYSPDR S&P 500 ETF TRTR UNIT0.37%$3M7.5K
39PG&E CORPUNIT 99/99/99990.36%$2M25.0K
40MSFTMICROSOFT CORPCOM0.36%$2M11.5K
41SBACSBA COMMUNICATIONS CORP NEWCL A0.35%$2M7.5K
42LITELUMENTUM HLDGS INCCOM0.32%$2M29.2K
43MUMICRON TECHNOLOGY INCCOM0.31%$2M45.0K
44MAMASTERCARD INCORPORATEDCL A0.31%$2M6.2K
45PEPPEPSICO INCCOM0.31%$2M15.0K
46INVHINVITATION HOMES INCCOM0.30%$2M72.0K
47NUSNU SKIN ENTERPRISES INCCL A0.30%$2M40.0K
48LAM RESEARCH CORPCOM0.29%$2M6.0K
49METAFACEBOOK INCCL A0.29%$2M7.5K
50MKSIMKS INSTRS INCCOM0.27%$2M17.0K
51RGAREINSURANCE GRP OF AMERICA ICOM NEW0.27%$2M19.2K
52KRKROGER COCOM0.25%$2M50.0K
53CHTRCHARTER COMMUNICATIONS INC NCL A0.25%$2M2.7K
54FAFFIRST AMERN FINL CORPCOM0.24%$2M32.4K
55LWLAMB WESTON HLDGS INCCOM0.21%$1M21.0K
56WPCWP CAREY INCCOM0.19%$1M20.0K
57SQMSOCIEDAD QUIMICA Y MINERA DESPON ADR SER B0.17%$1M35.0K
58ADBEADOBE SYSTEMS INCORPORATEDCOM0.14%$981,0002.0K
59VIACOMCBS INCCL B0.14%$980,00035.0K
60FRONT YD RESIDENTIAL CORPCOM0.14%$926,000105.9K
61BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.13%$882,0003.0K
62BELLRING BRANDS INCCOM CL A0.12%$842,00040.6K
63EPCEDGEWELL PERS CARE COCOM0.12%$800,00028.7K
64NVRIHARSCO CORPCOM0.11%$775,00055.7K
65LAMRLAMAR ADVERTISING CO NEWCL A0.10%$695,00010.5K
66IPGINTERPUBLIC GROUP COS INCCOM0.09%$633,00038.0K
67DISCOVERY INCCOM SER A0.08%$544,00025.0K
68AIGAMERICAN INTL GROUP INCCOM NEW0.08%$516,00018.7K
69FISFIDELITY NATL INFORMATION SVCOM0.08%$515,0003.5K
70UBERUBER TECHNOLOGIES INCCOM0.07%$503,00013.8K
71CRMSALESFORCE COM INCCOM0.06%$377,0001.5K
72KIMKIMCO RLTY CORPCOM0.04%$305,00027.1K
73NFLXNETFLIX INCCOM0.04%$300,000600
74TMUST-MOBILE US INCCOM0.02%$114,0001.0K

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 ↗.