SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Crestline Management, L.P.

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

Reported Value
$1.1B
Q3 2021
Positions
236
Filings on Record
31
2019–present window
Filed
Nov 12, 2021
original filing

Summary

Crestline Management, L.P. reported $1.1B in U.S.-listed holdings across 236 positions for Q3 2021.

The portfolio is heavily concentrated: DNLI alone accounts for 36.6% of reported value.

Compared with Q2 2021, the fund opened 108 new positions and exited 55.

Portfolio Metrics

Turnover
+32.2%
vs prior filed quarter
Top-10 Concentration
+53.1%
share of reported value
Largest Position
+36.6%
Denali Therapeutics
New / Exited
108 / 55
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: 89.5%US DOMESTIC: 4.8%Other: 4.4%ADR: 0.6%GLOBAL: 0.5%NY Reg Shrs: 0.2%
  • Common Stock · 89.5% · $952M
  • US DOMESTIC · 4.8% · $51M
  • Other · 4.4% · $47M
  • ADR · 0.6% · $7M
  • GLOBAL · 0.5% · $5M
  • NY Reg Shrs · 0.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WTWWILLIS TOWERS WATSON PLC LTDNEW+74.4K74.4K+$17M$17M
FITBFIFTH THIRD BANCORPNEW+236.9K236.9K+$10M$10M
GTGOODYEAR TIRE & RUBR CONEW+561.1K561.1K+$10M$10M
HOLOGIC INCNEW+121.6K121.6K+$9M$9M
ICEINTERCONTINENTAL EXCHANGE INNEW+75.6K75.6K+$9M$9M
AJGGALLAGHER ARTHUR J & CONEW+47.9K47.9K+$7M$7M
CFGCITIZENS FINL GROUP INCNEW+151.4K151.4K+$7M$7M
M3 BRIGADE ACQUISITION II CONEW+700.0K700.0K+$7M$7M

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

Holdings — Q3 2021

220 positions (from 224 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM36.56%$389M7.71M
2SANASANA BIOTECHNOLOGY INChistory →COM6.80%$72M3.21M
3WTWWILLIS TOWERS WATSON PLC LTDhistory →SHS1.63%$17M74.4K
4HIGHARTFORD FINL SVCS GROUP INChistory →COM1.49%$16M225.5K
5SEA LTDNOTE 2.375%12/0 · NOTE 0.250% 9/11.31%$14M7.50M
6AIGAMERICAN INTL GROUP INChistory →COM NEW1.13%$12M218.8K
7BACBK OF AMERICA CORPhistory →COM1.13%$12M282.5K
8AMPAMERIPRISE FINL INChistory →COM1.13%$12M45.4K
9STARWOOD WAYPOINT HOMESNOTE 3.500% 1/10.99%$11M6.25M
10FITBFIFTH THIRD BANCORPhistory →COM0.95%$10M236.9K
11GTGOODYEAR TIRE & RUBR COCOM0.93%$10M561.1K
12WORKDAY INCNOTE 0.250%10/00.89%$9M5.50M
13DXCMDEXCOM INCNOTE 0.750%12/0 · COM0.87%$9M2.00M
14CMACOMERICA INCCOM0.84%$9M111.0K
15REXNORD CORPCOM0.82%$9M136.2K
16ICEINTERCONTINENTAL EXCHANGE INCOM0.82%$9M75.6K
17AXPAMERICAN EXPRESS COCOM0.79%$8M50.4K
18GOOGLALPHABET INCCAP STK CL A0.78%$8M3.1K
19METMETLIFE INCCOM0.73%$8M126.1K
20TECKTECK RESOURCES LTDCL B0.73%$8M311.4K
21ARCONIC CORPORATIONCOM0.70%$7M237.5K
22WRBBERKLEY W R CORPCOM0.70%$7M101.5K
23AJGGALLAGHER ARTHUR J & COCOM0.67%$7M47.9K
24HOLOGIC INCCOM0.67%$7M96.3K
25CFGCITIZENS FINL GROUP INCCOM0.67%$7M151.4K
26AMZNAMAZON COM INCCOM0.66%$7M2.1K
27M3 BRIGADE ACQUISITION II COCOM CL A0.65%$7M700.0K
28CMCCOMMERCIAL METALS COCOM0.63%$7M220.1K
29PANWPALO ALTO NETWORKS INCNOTE 0.750% 7/0 · COM0.62%$7M2.01M
30FEFIRSTENERGY CORPCOM0.61%$6M181.3K
31AMDADVANCED MICRO DEVICES INCCOM0.58%$6M60.3K
32SQUARE INCNOTE 0.500% 5/10.58%$6M2.00M
33MMSIMERIT MED SYS INCCOM0.56%$6M82.6K
34SAHSONIC AUTOMOTIVE INCCL A0.55%$6M110.6K
35LEGATO MERGER CORPCOM0.52%$6M526.3K
36LNCLINCOLN NATL CORP INDCOM0.52%$6M80.4K
37PENPENUMBRA INCCOM0.52%$6M20.7K
38ADIANALOG DEVICES INCCOM0.52%$5M32.8K
39BLDRBUILDERS FIRSTSOURCE INCCOM0.51%$5M105.4K
40HAEHAEMONETICS CORP MASSCOM0.49%$5M74.1K
41AEROJET ROCKETDYNE HLDGS INCCOM0.48%$5M117.5K
42XRAYDENTSPLY SIRONA INCCOM0.47%$5M86.9K
43CCKCROWN HLDGS INCCOM0.47%$5M49.6K
44RGLDROYAL GOLD INCCOM0.47%$5M51.8K
45IFFINTERNATIONAL FLAVORS&FRAGRACOM0.46%$5M36.9K
46TCW SPECIAL PURPOSE ACQU CORCOM CL A0.46%$5M500.0K
47BAXBAXTER INTL INCCOM0.44%$5M58.7K
48CRUSCIRRUS LOGIC INCCOM0.44%$5M56.6K
49WPMWHEATON PRECIOUS METALS CORPCOM0.43%$5M120.6K
50AFGAMERICAN FINL GROUP INC OHIOCOM0.43%$5M36.0K
51STLDSTEEL DYNAMICS INCCOM0.41%$4M75.5K
52GMGENERAL MTRS COCOM0.41%$4M83.6K
53ALGNALIGN TECHNOLOGY INCCOM0.39%$4M6.3K
54JPMJPMORGAN CHASE & COCOM0.39%$4M25.3K
55UPSTUPSTART HLDGS INCCOM0.38%$4M12.7K
56TERTERADYNE INCCOM0.36%$4M35.3K
57UNIVAR SOLUTIONS INCCOM0.36%$4M160.8K
58NUVASIVE INCCOM0.34%$4M61.1K
59GPKGRAPHIC PACKAGING HLDG COCOM0.34%$4M191.7K
60KLACKLA CORPCOM NEW0.34%$4M10.9K
61METAFACEBOOK INCCL A0.34%$4M10.7K
62MCHPMICROCHIP TECHNOLOGY INC.COM0.34%$4M23.6K
63HUNHUNTSMAN CORPCOM0.34%$4M122.2K
64RMBSRAMBUS INC DELCOM0.34%$4M161.2K
65OMGBPOUTSET MED INCCOM0.34%$4M72.2K
66PGRPROGRESSIVE CORPCOM0.33%$4M39.4K
67MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.33%$4M54.5K
68MRVLMARVELL TECHNOLOGY INCCOM0.33%$4M58.2K
69HLMNHILLMAN SOLUTIONS CORPCOM0.33%$3M292.1K
70SIMOSILICON MOTION TECHNOLOGY COSPONSORED ADR0.31%$3M48.0K
71ACAARCOSA INCCOM0.31%$3M65.5K
72MKLMARKEL CORPCOM0.31%$3M2.7K
73UTHRUNITED THERAPEUTICS CORP DELCOM0.30%$3M17.2K
74ATECALPHATEC HLDGS INCCOM NEW0.30%$3M259.2K
75XPOXPO LOGISTICS INCCOM0.29%$3M38.7K
76AXONICS INCCOM0.29%$3M47.0K
77RGAREINSURANCE GRP OF AMERICA ICOM NEW0.29%$3M27.4K
78RSRELIANCE STEEL & ALUMINUM COCOM0.28%$3M21.2K
79SCCOSOUTHERN COPPER CORPCOM0.28%$3M52.5K
80SIBNSI-BONE INCCOM0.27%$3M134.9K
81EWEDWARDS LIFESCIENCES CORPCOM0.27%$3M25.1K
82ZBHZIMMER BIOMET HOLDINGS INCCOM0.26%$3M18.8K
83PFGPRINCIPAL FINANCIAL GROUP INCOM0.26%$3M42.6K
84BHFBRIGHTHOUSE FINL INCCOM0.26%$3M60.5K
85SYNASYNAPTICS INCCOM0.26%$3M15.1K
86INARI MED INCCOM0.25%$3M33.2K
87SPBSPECTRUM BRANDS HLDGS INC NECOM0.24%$3M27.2K
88HWMHOWMET AEROSPACE INCCOM0.24%$3M83.1K
89SCHWSCHWAB CHARLES CORPCOM0.24%$3M35.3K
90ORGOORGANOGENESIS HLDGS INCCOM0.24%$3M180.1K
91PODDINSULET CORPCOM0.23%$2M8.8K
92DMY TECHNOLOGY GROUP INC IVCOM CL A0.23%$2M250.0K
93AKAMAI TECHNOLOGIES INCNOTE 0.125% 5/00.23%$2M2.00M
94EXPEEXPEDIA GROUP INCCOM NEW0.22%$2M14.3K
95MTBM & T BK CORPCOM0.21%$2M15.1K
96AAALCOA CORPCOM0.21%$2M45.9K
97BROBROWN & BROWN INCCOM0.20%$2M38.9K
98BBLBHP GROUP PLCSPONSORED ADR0.20%$2M42.0K
99CBOECBOE GLOBAL MKTS INCCOM0.20%$2M17.1K
100MTARCELORMITTAL SA LUXEMBOURGNY REGISTRY SH0.20%$2M69.3K

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 ↗.