SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Crestline Management, L.P.

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

Reported Value
$1.3B
Q4 2021
Positions
227
Filings on Record
31
2019–present window
Filed
Feb 14, 2022
original filing

Summary

Crestline Management, L.P. reported $1.3B in U.S.-listed holdings across 227 positions for Q4 2021.

The portfolio is heavily concentrated: DNLI alone accounts for 25.7% of reported value.

Compared with Q3 2021, the fund opened 69 new positions and exited 74.

Portfolio Metrics

Turnover
+29.9%
vs prior filed quarter
Top-10 Concentration
+53.2%
share of reported value
Largest Position
+25.7%
Denali Therapeutics
New / Exited
69 / 74
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: 93.4%ADR: 3.4%Other: 3.1%NY Reg Shrs: 0.1%
  • Common Stock · 93.4% · $1.3B
  • ADR · 3.4% · $45M
  • Other · 3.1% · $42M
  • NY Reg Shrs · 0.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AAPLAPPLE INCNEW+320.0K320.0K+$57M$57M
GOOGALPHABET INCNEW+19.0K19.0K+$55M$55M
MSFTMICROSOFT CORPNEW+78.0K78.0K+$26M$26M
BABAALIBABA GROUP HLDG LTDNEW+216.0K216.0K+$26M$26M
SNOWSNOWFLAKE INCNEW+60.0K60.0K+$20M$20M
NINISOURCE INCNEW+646.0K646.0K+$18M$18M
ELVANTHEM INCNEW+30.0K30.0K+$14M$14M
KHCKRAFT HEINZ CONEW+344.0K344.0K+$12M$12M

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

Holdings — Q4 2021

217 positions (from 219 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM25.68%$344M7.71M
2GOOGALPHABET INCCAP STK CL C · CAP STK CL A4.80%$64M22.2K
3AAPLAPPLE INChistory →COM4.25%$57M320.0K
4BACBK OF AMERICA CORPhistory →COM4.04%$54M1.22M
5AMZNAMAZON COM INChistory →COM4.02%$54M16.1K
6SANASANA BIOTECHNOLOGY INChistory →COM3.71%$50M3.21M
7MSFTMICROSOFT CORPhistory →COM1.96%$26M78.0K
8BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.92%$26M216.0K
9SNOWSNOWFLAKE INChistory →CL A1.52%$20M60.0K
10NINISOURCE INChistory →COM1.33%$18M646.0K
11ADIANALOG DEVICES INChistory →COM1.22%$16M92.6K
12GTGOODYEAR TIRE & RUBR COhistory →COM1.16%$15M726.3K
13ELVANTHEM INChistory →COM1.04%$14M30.0K
14KHCKRAFT HEINZ COhistory →COM0.92%$12M344.0K
15EXCEXELON CORPhistory →COM0.91%$12M210.0K
16AIGAMERICAN INTL GROUP INChistory →COM NEW0.88%$12M207.1K
17AMPAMERIPRISE FINL INChistory →COM0.87%$12M38.8K
18MSMORGAN STANLEYhistory →COM NEW0.77%$10M105.0K
19FEFIRSTENERGY CORPCOM0.72%$10M232.2K
20FITBFIFTH THIRD BANCORPCOM0.72%$10M221.6K
21ASTLALGOMA STL GROUP INCCOM0.72%$10M890.0K
22CMCCOMMERCIAL METALS COCOM0.71%$10M262.4K
23BLDRBUILDERS FIRSTSOURCE INCCOM0.70%$9M110.1K
24WTWWILLIS TOWERS WATSON PLC LTDSHS0.70%$9M39.6K
25XPOXPO LOGISTICS INCCOM0.66%$9M114.4K
26VOYAVOYA FINANCIAL INCCOM0.64%$9M130.0K
27SAHSONIC AUTOMOTIVE INCCL A0.63%$8M170.0K
28MUMICRON TECHNOLOGY INCCOM0.62%$8M89.3K
29RGLDROYAL GOLD INCCOM0.61%$8M77.1K
30HOLOGIC INCCOM0.58%$8M100.9K
31BBLBHP GROUP PLCSPONSORED ADR · SPONSORED ADS0.57%$8M128.3K
32USFDUS FOODS HLDG CORPCOM0.57%$8M220.0K
33ACAARCOSA INCCOM0.55%$7M140.0K
34BAXBAXTER INTL INCCOM0.55%$7M85.5K
35SIMOSILICON MOTION TECHNOLOGY COSPONSORED ADR0.55%$7M77.0K
36QCOMQUALCOMM INCCOM0.53%$7M39.1K
37NEW YORK CMNTY BANCORP INCCOM0.52%$7M572.0K
38CTVACORTEVA INCCOM0.52%$7M147.1K
39UNIVAR SOLUTIONS INCCOM0.51%$7M240.0K
40LNCLINCOLN NATL CORP INDCOM0.50%$7M98.9K
41MCHPMICROCHIP TECHNOLOGY INC.COM0.49%$7M76.0K
42COLFAX CORPCOM0.48%$6M140.0K
43GPKGRAPHIC PACKAGING HLDG COCOM0.48%$6M330.0K
44AVGOBROADCOM INCCOM0.46%$6M9.2K
45RMBSRAMBUS INC DELCOM0.45%$6M206.5K
46WFCWELLS FARGO CO NEWCOM0.45%$6M125.0K
47CANADIAN PAC RY LTDCOM0.43%$6M80.0K
48PINSPINTEREST INCCL A0.41%$5M150.0K
49MMSIMERIT MED SYS INCCOM0.41%$5M87.1K
50KLACKLA CORPCOM NEW0.39%$5M12.0K
51PENPENUMBRA INCCOM0.38%$5M17.9K
52COFCAPITAL ONE FINL CORPCOM0.38%$5M35.0K
53EWBCEAST WEST BANCORP INCCOM0.36%$5M61.3K
54RFREGIONS FINANCIAL CORP NEWCOM0.34%$5M210.0K
55HUNHUNTSMAN CORPCOM0.34%$5M130.0K
56DDDUPONT DE NEMOURS INCCOM0.33%$4M55.0K
57RIORIO TINTO PLCSPONSORED ADR0.33%$4M66.0K
58UTHRUNITED THERAPEUTICS CORP DELCOM0.33%$4M20.3K
59ZIONZIONS BANCORPORATION N ACOM0.32%$4M68.0K
60XRAYDENTSPLY SIRONA INCCOM0.32%$4M76.8K
61CRUSCIRRUS LOGIC INCCOM0.32%$4M45.9K
62CBOECBOE GLOBAL MKTS INCCOM0.31%$4M32.2K
63AJGGALLAGHER ARTHUR J & COCOM0.31%$4M24.6K
64SSNCSS&C TECHNOLOGIES HLDGS INCCOM0.31%$4M50.0K
65LAM RESEARCH CORPCOM0.30%$4M5.6K
66SCCOSOUTHERN COPPER CORPCOM0.30%$4M64.0K
67SINCLAIR BROADCAST GROUP INCCL A0.29%$4M147.0K
68NEENEXTERA ENERGY INCCOM0.29%$4M41.0K
69QRVOQORVO INCCOM0.29%$4M24.4K
70AEROJET ROCKETDYNE HLDGS INCCOM0.28%$4M81.0K
71ATRCATRICURE INCCOM0.28%$4M53.4K
72PNCPNC FINL SVCS GROUP INCCOM0.28%$4M18.4K
73AXONICS INCCOM0.27%$4M65.7K
74ALGNALIGN TECHNOLOGY INCCOM0.27%$4M5.5K
75MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.27%$4M45.9K
76BSXBOSTON SCIENTIFIC CORPCOM0.27%$4M84.2K
77SSENTINELONE INCCL A0.26%$4M70.0K
78CMACOMERICA INCCOM0.26%$3M40.0K
79IHRTIHEARTMEDIA INCCOM CL A0.26%$3M165.0K
80OLAPLEX HLDGS INCCOM0.26%$3M118.7K
81WALWESTERN ALLIANCE BANCORPCOM0.26%$3M32.0K
82LAWCS DISCO INCCOM0.25%$3M93.5K
83HWMHOWMET AEROSPACE INCCOM0.25%$3M104.8K
84TOSTTOAST INCCL A0.24%$3M93.7K
85SGSWEETGREEN INCCOM CL A0.24%$3M100.9K
86SIBNSI-BONE INCCOM0.24%$3M143.8K
87WRBBERKLEY W R CORPCOM0.24%$3M38.7K
88TECKTECK RESOURCES LTDCL B0.24%$3M110.5K
89GTLBGITLAB INCCLASS A COM0.24%$3M36.3K
90RRXREGAL REXNORD CORPORATIONCOM0.24%$3M18.5K
91ABXBARRICK GOLD CORPCOM0.23%$3M160.7K
92OMGBPOUTSET MED INCCOM0.23%$3M65.6K
93RJFRAYMOND JAMES FINL INCCOM0.23%$3M30.0K
94AFGAMERICAN FINL GROUP INC OHIOCOM0.21%$3M20.5K
95IBKRINTERACTIVE BROKERS GROUP INCOM CL A0.21%$3M35.1K
96ATECALPHATEC HLDGS INCCOM NEW0.21%$3M243.4K
97TRVTRAVELERS COMPANIES INCCOM0.21%$3M17.6K
98NUVASIVE INCCOM0.21%$3M52.4K
99ARCONIC CORPORATIONCOM0.20%$3M83.0K
100ICUIICU MED INCCOM0.20%$3M11.5K

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 ↗.