SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Crestline Management, L.P.

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

Reported Value
$788M
Q1 2021
Positions
98
Filings on Record
31
2019–present window
Filed
May 14, 2021
original filing

Summary

Crestline Management, L.P. reported $788M in U.S.-listed holdings across 98 positions for Q1 2021.

The portfolio is heavily concentrated: DNLI alone accounts for 72.4% of reported value.

Compared with Q4 2020, the fund opened 41 new positions and exited 77.

Portfolio Metrics

Turnover
+39.2%
vs prior filed quarter
Top-10 Concentration
+80.9%
share of reported value
Largest Position
+72.4%
Denali Therapeutics
New / Exited
41 / 77
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: 89.9%US DOMESTIC: 5.0%ADR: 2.2%REIT: 1.1%NY Reg Shrs: 0.7%Other: 1.0%
  • Common Stock · 89.9% · $708M
  • US DOMESTIC · 5.0% · $39M
  • ADR · 2.2% · $17M
  • REIT · 1.1% · $9M
  • NY Reg Shrs · 0.7% · $6M
  • Other · 1.0% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PALO ALTO NETWORKS INCNEW+48.30M48.30M+$9M$9M
VALEVALE S ANEW+341.0K341.0K+$6M$6M
EQHEQUITABLE HLDGS INCNEW+151.6K151.6K+$5M$5M
LAM RESEARCH CORPNEW+7.5K7.5K+$4M$4M
WDCWESTERN DIGITAL CORP.NEW+64.0K64.0K+$4M$4M
AAALCOA CORPNEW+125.5K125.5K+$4M$4M
AJGGALLAGHER ARTHUR J & CONEW+30.3K30.3K+$4M$4M
UFSDOMTAR CORPNEW+100.5K100.5K+$4M$4M

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

Holdings — Q1 2021

86 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM72.40%$570M9.98M
2WORKDAY INCNOTE 0.250%10/01.21%$9M30.25M
3PALO ALTO NETWORKS INCNOTE 0.750% 7/01.17%$9M48.30M
4GOOGLALPHABET INCCAP STK CL A1.00%$8M3.8K
5WRBBERKLEY W R CORPCOM0.99%$8M103.7K
6MUMICRON TECHNOLOGY INCCOM0.99%$8M88.1K
7COLONY STARWOOD HOMESNOTE 3.500% 1/10.90%$7M25.00M
8VALEVALE S ASPONSORED ADS0.75%$6M341.0K
9UDRUDR INCCOM0.75%$6M135.0K
10SQUARE INCNOTE 0.500% 5/10.74%$6M4.00M
11MTARCELORMITTAL SA LUXEMBOURGNY REGISTRY SH0.73%$6M196.0K
12EQHEQUITABLE HLDGS INCCOM0.63%$5M151.6K
13LNCLINCOLN NATL CORP INDCOM0.61%$5M77.3K
14HIGHARTFORD FINL SVCS GROUP INCCOM0.60%$5M70.7K
15SIMOSILICON MOTION TECHNOLOGY COSPONSORED ADR0.59%$5M78.0K
16LAM RESEARCH CORPCOM0.57%$4M7.5K
17DEXCOM INCNOTE 0.750%12/00.56%$4M4.00M
18LITELUMENTUM HLDGS INCCOM0.55%$4M47.2K
19WDCWESTERN DIGITAL CORP.COM0.54%$4M64.0K
20AAALCOA CORPCOM0.52%$4M125.5K
21MCHPMICROCHIP TECHNOLOGY INC.COM0.49%$4M25.0K
22AJGGALLAGHER ARTHUR J & COCOM0.48%$4M30.3K
23UFSDOMTAR CORPCOM NEW0.47%$4M100.5K
24WPMWHEATON PRECIOUS METALS CORPCOM0.46%$4M93.8K
25TXTERNIUM SASPONSORED ADS0.45%$4M91.5K
26BHFBRIGHTHOUSE FINL INCCOM0.45%$4M79.3K
27AFGAMERICAN FINL GROUP INC OHIOCOM0.44%$3M30.2K
28AIZASSURANT INCCOM0.44%$3M24.3K
29SPLUNK INCNOTE 0.500% 9/10.44%$3M9.00M
30VOYAVOYA FINANCIAL INCCOM0.37%$3M45.5K
31AMATAPPLIED MATLS INCCOM0.36%$3M21.2K
32MKLMARKEL CORPCOM0.36%$3M2.5K
33AAPLAPPLE INCCOM0.35%$3M22.5K
34RGAREINSURANCE GRP OF AMERICA ICOM NEW0.35%$3M21.8K
35AIGAMERICAN INTL GROUP INCCOM NEW0.35%$3M59.0K
36CFCF INDS HLDGS INCCOM0.32%$3M56.0K
37FNVFRANCO NEV CORPCOM0.27%$2M17.0K
38VVISA INCCOM CL A0.27%$2M10.0K
39MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.26%$2M35.2K
40TRVTRAVELERS COMPANIES INCCOM0.25%$2M13.0K
41AMZNAMAZON COM INCCOM0.23%$2M580
42METAFACEBOOK INCCL A0.21%$2M5.7K
43CENXCENTURY ALUM COCOM0.21%$2M93.4K
44CMCSACOMCAST CORP NEWCL A0.19%$1M27.5K
45BOWX ACQUISITION CORPCL A0.19%$1M125.0K
46CCKCROWN HLDGS INCCOM0.18%$1M15.0K
47BBLBHP GROUP PLCSPONSORED ADR0.18%$1M25.0K
48ADBEADOBE SYSTEMS INCORPORATEDCOM0.18%$1M2.9K
49DISDISNEY WALT COCOM0.18%$1M7.5K
50FISVFISERV INCCOM0.18%$1M11.6K
51IPGINTERPUBLIC GROUP COS INCCOM0.16%$1M44.0K
52KLICKULICKE & SOFFA INDS INCCOM0.16%$1M25.0K
53LAMRLAMAR ADVERTISING CO NEWCL A0.15%$1M12.5K
54COURCOURSERA INCCOM0.14%$1M25.0K
55SYNASYNAPTICS INCCOM0.14%$1M8.3K
56CCICROWN CASTLE INTL CORP NEWCOM0.14%$1M6.5K
57NVRIHARSCO CORPCOM0.12%$942,00054.9K
58ARCONIC CORPORATIONCOM0.12%$914,00036.0K
59TAT&T INCCOM0.12%$908,00030.0K
60ORCLORACLE CORPCOM0.11%$905,00012.9K
61TWITTER INCCOM0.11%$878,00013.8K
62PKXPOSCOSPONSORED ADR0.11%$866,00012.0K
63AMTAMERICAN TOWER CORP NEWCOM0.09%$717,0003.0K
64II-VI INCCOM0.09%$684,00010.0K
65MSFTMICROSOFT CORPCOM0.08%$666,0002.8K
66TMUST-MOBILE US INCCOM0.08%$626,0005.0K
67EBAYEBAY INC.COM0.08%$591,0009.7K
68NWSANEWS CORP NEWCL A0.06%$483,00019.0K
69CRMSALESFORCE COM INCCOM0.05%$403,0001.9K
70ITRIITRON INCCOM0.05%$390,0004.4K
71AOCAALUMINUM CORP CHINA LIMITEDSPON ADR H SHS0.04%$301,00028.8K
72ABNBAIRBNB INCCOM CL A0.04%$301,0001.6K
73INTCINTEL CORPCOM0.04%$298,0004.7K
74NIONIO INCSPON ADS0.04%$292,0007.5K
75SUPERNOVA PARTNERS ACQUISITICOM CL A0.03%$253,00025.0K
76LEGATO MERGER CORPCOM0.03%$250,00025.8K
77EMPOWERMENT & INCLUSION CAPICOM CL A0.03%$250,00025.9K
78INTUINTUITCOM0.03%$249,000650
79EDIFY ACQUISITION CORPCL A0.03%$249,00025.8K
80CONCORD ACQUISITION CORPCOM CL A0.03%$249,00025.5K
81LIGHTJUMP ACQUISITION CORPCOM0.03%$248,00025.6K
82UBERUBER TECHNOLOGIES INCCOM0.03%$245,0004.5K
83TSLATESLA INCCOM0.03%$234,000350
84CAPSTAR SPL PURP ACQUISITIONCOM CL A0.02%$186,00019.0K
85ENVIRONMENTAL IMPACT ACQU COCOM CL A0.01%$113,00011.7K
86WPFFOLEY TRASIMENE ACQUISTN CORCOM CL A0.01%$100,00010.0K

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 ↗.