SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Crestline Management, L.P.

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

Reported Value
$1.2B
Q2 2021
Positions
177
Filings on Record
31
2019–present window
Filed
Aug 13, 2021
original filing

Summary

Crestline Management, L.P. reported $1.2B in U.S.-listed holdings across 177 positions for Q2 2021.

The portfolio is heavily concentrated: DNLI alone accounts for 55.0% of reported value.

Compared with Q1 2021, the fund opened 134 new positions and exited 49.

Portfolio Metrics

Turnover
+9.9%
vs prior filed quarter
Top-10 Concentration
+68.4%
share of reported value
Largest Position
+55.0%
Denali Therapeutics
New / Exited
134 / 49
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: 87.8%US DOMESTIC: 4.9%ADR: 3.6%Other: 2.9%NY Reg Shrs: 0.6%Other: 0.2%
  • Common Stock · 87.8% · $1.0B
  • US DOMESTIC · 4.9% · $57M
  • ADR · 3.6% · $41M
  • Other · 2.9% · $33M
  • NY Reg Shrs · 0.6% · $7M
  • Other · 0.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SANASANA BIOTECHNOLOGY INCNEW+3.21M3.21M+$63M$63M
PBR/APETROLEO BRASILEIRO SA PETRONEW+2.12M2.12M+$25M$25M
AMPAMERIPRISE FINL INCNEW+45.2K45.2K+$11M$11M
METMETLIFE INCNEW+158.9K158.9K+$10M$10M
SEA LTDNEW+6.25M6.25M+$8M$8M
WFCWELLS FARGO CO NEWNEW+170.0K170.0K+$8M$8M
PNCPNC FINL SVCS GROUP INCNEW+40.0K40.0K+$8M$8M
AXPAMERICAN EXPRESS CONEW+45.0K45.0K+$7M$7M

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

Holdings — Q2 2021

165 positions (from 169 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM55.02%$638M8.14M
2SANASANA BIOTECHNOLOGY INChistory →COM5.44%$63M3.21M
3PBR/APETROLEO BRASILEIRO SA PETROhistory →SP ADR NON VTG2.16%$25M2.12M
4AMPAMERIPRISE FINL INChistory →COM0.97%$11M45.2K
5COLONY STARWOOD HOMESNOTE 3.500% 1/10.88%$10M39.06M
6PALO ALTO NETWORKS INCNOTE 0.750% 7/00.87%$10M48.30M
7METMETLIFE INCCOM0.82%$10M158.9K
8WORKDAY INCNOTE 0.250%10/00.78%$9M30.25M
9TRVTRAVELERS COMPANIES INCCOM0.74%$9M57.0K
10AFGAMERICAN FINL GROUP INC OHIOCOM0.69%$8M63.8K
11SEA LTDNOTE 2.375%12/00.67%$8M6.25M
12WFCWELLS FARGO CO NEWCOM0.66%$8M170.0K
13PNCPNC FINL SVCS GROUP INCCOM0.66%$8M40.0K
14AXPAMERICAN EXPRESS COCOM0.64%$7M45.0K
15AIGAMERICAN INTL GROUP INCCOM NEW0.64%$7M155.0K
16HIGHARTFORD FINL SVCS GROUP INCCOM0.61%$7M115.1K
17REXNORD CORPCOM0.60%$7M140.0K
18MSMORGAN STANLEYCOM NEW0.59%$7M75.0K
19GSGOLDMAN SACHS GROUP INCCOM0.59%$7M18.0K
20FNVFRANCO NEV CORPCOM0.57%$7M45.8K
21IFFINTERNATIONAL FLAVORS&FRAGRACOM0.57%$7M44.4K
22MTARCELORMITTAL SA LUXEMBOURGNY REGISTRY SH0.55%$6M206.0K
23BROBROWN & BROWN INCCOM0.55%$6M116.5K
24MRSHMARSH & MCLENNAN COS INCCOM0.55%$6M45.0K
25SQUARE INCNOTE 0.500% 5/10.54%$6M4.00M
26VALEVALE S ASPONSORED ADS0.53%$6M269.0K
27AMDADVANCED MICRO DEVICES INCCOM0.53%$6M65.0K
28AAALCOA CORPCOM0.51%$6M159.1K
29LNCLINCOLN NATL CORP INDCOM0.51%$6M93.2K
30ARCONIC CORPORATIONCOM0.48%$6M154.7K
31CCKCROWN HLDGS INCCOM0.46%$5M52.7K
32WRBBERKLEY W R CORPCOM0.46%$5M72.0K
33DEXCOM INCNOTE 0.750%12/00.45%$5M4.00M
34AMZNAMAZON COM INCCOM0.43%$5M1.5K
35GOOGLALPHABET INCCAP STK CL A0.43%$5M2.0K
36CCJCAMECO CORPCOM0.42%$5M255.0K
37MAMASTERCARD INCORPORATEDCL A0.41%$5M13.0K
38TFCTRUIST FINL CORPCOM0.41%$5M85.0K
39VOYAVOYA FINANCIAL INCCOM0.40%$5M75.1K
40STLDSTEEL DYNAMICS INCCOM0.39%$5M76.1K
41KLACKLA CORPCOM NEW0.35%$4M12.6K
42CFCF INDS HLDGS INCCOM0.34%$4M77.0K
43RLIRLI CORPCOM0.34%$4M37.3K
44RJFRAYMOND JAMES FINL INCCOM0.34%$4M30.0K
45FEFIRSTENERGY CORPCOM0.33%$4M102.6K
46TXTERNIUM SASPONSORED ADS0.33%$4M99.0K
47WDCWESTERN DIGITAL CORP.COM0.33%$4M53.3K
48WPMWHEATON PRECIOUS METALS CORPCOM0.32%$4M84.8K
49CSCOCISCO SYS INCCOM0.31%$4M67.0K
50WORWORTHINGTON INDS INCCOM0.30%$3M56.5K
51MCHPMICROCHIP TECHNOLOGY INC.COM0.30%$3M23.0K
52ADIANALOG DEVICES INCCOM0.30%$3M20.0K
53MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.29%$3M52.2K
54AIZASSURANT INCCOM0.29%$3M21.4K
55MKLMARKEL CORPCOM0.29%$3M2.8K
56SAHSONIC AUTOMOTIVE INCCL A0.28%$3M72.8K
57RMBSRAMBUS INC DELCOM0.28%$3M136.6K
58TERTERADYNE INCCOM0.28%$3M24.0K
59BERRY GLOBAL GROUP INCCOM0.27%$3M48.6K
60SIMOSILICON MOTION TECHNOLOGY COSPONSORED ADR0.27%$3M49.2K
61COFCAPITAL ONE FINL CORPCOM0.27%$3M20.0K
62DISH NETWORK CORPORATIONNOTE 3.375% 8/1 · NOTE 2.375% 3/10.26%$3M5.00M
63CBOECBOE GLOBAL MKTS INCCOM0.26%$3M25.0K
64LANDCADIA HOLDINGS III INCCOM CL A0.25%$3M238.4K
65GRSVGORES HLDGS V INCCOM CL A0.25%$3M292.7K
66CMACOMERICA INCCOM0.25%$3M40.0K
67XPOXPO LOGISTICS INCCOM0.24%$3M19.6K
68GLAXOSMITHKLINE PLCSPONSORED ADR0.23%$3M66.4K
69GPKGRAPHIC PACKAGING HLDG COCOM0.23%$3M144.8K
70HUNHUNTSMAN CORPCOM0.23%$3M98.8K
71DDDUPONT DE NEMOURS INCCOM0.22%$3M33.7K
72SFSTIFEL FINL CORPCOM0.22%$3M40.0K
73LEGATO MERGER CORPCOM0.22%$3M253.1K
74TECKTECK RESOURCES LTDCL B0.21%$2M108.0K
75EXPEEXPEDIA GROUP INCCOM NEW0.21%$2M14.7K
76COVANTA HLDG CORPCOM0.20%$2M134.3K
77THGHANOVER INS GROUP INCCOM0.20%$2M17.0K
78CRUSCIRRUS LOGIC INCCOM0.19%$2M26.3K
79QRVOQORVO INCCOM0.19%$2M11.0K
80ZYNGA INCNOTE 0.250% 6/00.18%$2M2.25M
81UTHRUNITED THERAPEUTICS CORP DELCOM0.17%$2M11.3K
82WESTROCK COCOM0.16%$2M35.7K
83URIUNITED RENTALS INCCOM0.16%$2M5.8K
84YUSDALLEGHANY CORP MDCOM0.15%$2M2.6K
85BRIGHT HEALTH GROUP INCCOM0.15%$2M100.0K
86TWTRADEWEB MKTS INCCL A0.15%$2M20.0K
87INSMED INCNOTE 0.750% 6/00.14%$2M2.25M
88BACBK OF AMERICA CORPCOM0.14%$2M40.0K
89ONON SEMICONDUCTOR CORPCOM0.14%$2M42.0K
90KIRKLAND LAKE GOLD LTDCOM0.13%$1M38.1K
91METAFACEBOOK INCCL A0.12%$1M4.1K
92SNNSMITH & NEPHEW PLCSPDN ADR NEW0.12%$1M33.1K
93ACAARCOSA INCCOM0.12%$1M23.2K
94CNX RES CORPNOTE 2.250% 5/00.11%$1M1.00M
95UNIVAR SOLUTIONS USA INCCOM0.11%$1M51.0K
96BIG SKY GROWTH PARTNERS INCUNIT 04/01/20260.10%$1M116.6K
97SUPERNOVA PARTNERS ACQUISITICOM CL A0.09%$1M110.1K
98SNYSANOFISPONSORED ADR0.09%$1M19.7K
99BIIBBIOGEN INCCOM0.09%$988,0002.9K
100XLPSELECT SECTOR SPDR TRSBI CONS STPLS0.08%$980,00014.0K

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 ↗.