SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Crestline Management, L.P.

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

Reported Value
$834M
Q1 2022
Positions
256
Filings on Record
31
2019–present window
Filed
May 16, 2022
original filing

Summary

Crestline Management, L.P. reported $834M in U.S.-listed holdings across 256 positions for Q1 2022.

The portfolio is heavily concentrated: DNLI alone accounts for 28.8% of reported value.

Compared with Q4 2021, the fund opened 149 new positions and exited 117.

Portfolio Metrics

Turnover
+27.9%
vs prior filed quarter
Top-10 Concentration
+42.7%
share of reported value
Largest Position
+28.8%
Denali Therapeutics
New / Exited
149 / 117
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: 88.8%Other: 4.7%ETP: 4.1%ADR: 2.0%NY Reg Shrs: 0.3%REIT: 0.1%
  • Common Stock · 88.8% · $740M
  • Other · 4.7% · $39M
  • ETP · 4.1% · $34M
  • ADR · 2.0% · $17M
  • NY Reg Shrs · 0.3% · $3M
  • REIT · 0.1% · $681,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPYSPDR S&P 500 ETF TRNEW+53.5K53.5K+$24M$24M
JPMJPMORGAN CHASE & CONEW+48.2K48.2K+$7M$7M
MIRMIRION TECHNOLOGIES INCNEW+700.0K700.0K+$6M$6M
WPMWHEATON PRECIOUS METALS CORPNEW+118.6K118.6K+$6M$6M
CEGCONSTELLATION ENERGY CORPNEW+100.0K100.0K+$6M$6M
VGKVANGUARD INTL EQUITY INDEX FNEW+90.0K90.0K+$6M$6M
TXTERNIUM SANEW+115.0K115.0K+$5M$5M
IAA INCNEW+136.9K136.9K+$5M$5M

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

Holdings — Q1 2022

252 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM28.78%$240M7.46M
2SANASANA BIOTECHNOLOGY INChistory →COM3.18%$27M3.21M
3AEROJET ROCKETDYNE HLDGS INCCOM1.69%$14M358.1K
4ALLALLSTATE CORPhistory →COM1.59%$13M95.7K
5ASTLALGOMA STL GROUP INChistory →COM1.44%$12M1.07M
6VOYAVOYA FINANCIAL INChistory →COM1.29%$11M162.0K
7AIGAMERICAN INTL GROUP INChistory →COM NEW1.26%$10M166.9K
8FITBFIFTH THIRD BANCORPhistory →COM1.18%$10M229.6K
9BACBK OF AMERICA CORPhistory →COM1.14%$9M230.0K
10GOOGLALPHABET INChistory →CAP STK CL A1.14%$9M3.4K
11COLFAX CORPCOM1.05%$9M220.0K
12WTWWILLIS TOWERS WATSON PLC LTDSHS0.93%$8M33.0K
13GTGOODYEAR TIRE & RUBR COCOM0.90%$8M527.4K
14WFCWELLS FARGO CO NEWCOM0.88%$7M152.0K
15RGLDROYAL GOLD INCCOM0.88%$7M52.1K
16SAHSONIC AUTOMOTIVE INCCL A0.87%$7M170.0K
17GPKGRAPHIC PACKAGING HLDG COCOM0.86%$7M360.0K
18KLACKLA CORPCOM NEW0.83%$7M19.0K
19BLDRBUILDERS FIRSTSOURCE INCCOM0.83%$7M106.7K
20JPMJPMORGAN CHASE & COCOM0.79%$7M48.2K
21UNIVAR SOLUTIONS INCCOM0.77%$6M200.0K
22AFGAMERICAN FINL GROUP INC OHIOCOM0.77%$6M43.9K
23AMPAMERIPRISE FINL INCCOM0.74%$6M20.6K
24AVGOBROADCOM INCCOM0.70%$6M9.3K
25XPOXPO LOGISTICS INCCOM0.69%$6M79.3K
26AMZNAMAZON COM INCCOM0.69%$6M1.8K
27ACAARCOSA INCCOM0.69%$6M100.0K
28MIRMIRION TECHNOLOGIES INCCOM CL A0.68%$6M700.0K
29WPMWHEATON PRECIOUS METALS CORPCOM0.68%$6M118.6K
30CEGCONSTELLATION ENERGY CORPCOM0.67%$6M100.0K
31AJGGALLAGHER ARTHUR J & COCOM0.67%$6M31.8K
32DDDUPONT DE NEMOURS INCCOM0.66%$6M75.0K
33TXTERNIUM SASPONSORED ADS0.63%$5M115.0K
34IAA INCCOM0.63%$5M136.9K
35ADIANALOG DEVICES INCCOM0.60%$5M30.3K
36MUMICRON TECHNOLOGY INCCOM0.59%$5M63.3K
37HBANHUNTINGTON BANCSHARES INCCOM0.59%$5M336.4K
38GLGLOBE LIFE INCCOM0.58%$5M48.4K
39AXPAMERICAN EXPRESS COCOM0.56%$5M25.0K
40FNBF N B CORPCOM0.54%$4M360.0K
41METMETLIFE INCCOM0.53%$4M63.5K
42BHPBHP GROUP LTDSPONSORED ADS0.51%$4M55.5K
43PNCPNC FINL SVCS GROUP INCCOM0.51%$4M23.0K
44RMBSRAMBUS INC DELCOM0.49%$4M129.0K
45KGCKINROSS GOLD CORPCOM0.49%$4M690.0K
46CBOECBOE GLOBAL MKTS INCCOM0.48%$4M35.2K
47FCNCAFIRST CTZNS BANCSHARES INC NCL A0.45%$4M5.7K
48AMDADVANCED MICRO DEVICES INCCOM0.45%$4M34.0K
49ASBASSOCIATED BANC CORPCOM0.44%$4M160.0K
50MRSHMARSH & MCLENNAN COS INCCOM0.42%$3M20.4K
51JBIJANUS INTERNATIONAL GROUP INCOMMON STOCK0.40%$3M375.0K
52PBRPETROLEO BRASILEIRO SA PETROSPONSORED ADR0.40%$3M225.0K
53CTVACORTEVA INCCOM0.39%$3M57.1K
54FNVFRANCO NEV CORPCOM0.39%$3M20.2K
55NEW YORK CMNTY BANCORP INCCOM0.39%$3M300.0K
56CGAUCENTERRA GOLD INCCOM0.38%$3M326.2K
57CMACOMERICA INCCOM0.38%$3M35.0K
58WCCWESCO INTL INCCOM0.38%$3M24.1K
59CINFCINCINNATI FINL CORPCOM0.37%$3M23.0K
60MCHPMICROCHIP TECHNOLOGY INC.COM0.37%$3M41.0K
61AEMAGNICO EAGLE MINES LTDCOM0.37%$3M50.0K
62CRUSCIRRUS LOGIC INCCOM0.37%$3M35.9K
63SCHNITZER STEEL INDS INCCL A0.36%$3M58.0K
64DLTRDOLLAR TREE INCCOM0.36%$3M18.7K
65AONAON PLCSHS CL A0.35%$3M9.0K
66MTARCELORMITTAL SA LUXEMBOURGNY REGISTRY SH0.35%$3M90.0K
67QRVOQORVO INCCOM0.34%$3M23.0K
68SBNYSIGNATURE BK NEW YORK N YCOM0.33%$3M9.5K
69AIZASSURANT INCCOM0.32%$3M14.8K
70HLTHILTON WORLDWIDE HLDGS INCCOM0.32%$3M17.6K
71MCDMCDONALDS CORPCOM0.32%$3M10.8K
72MAQCMAQUIA CAPITAL ACQUISITION CCLASS A COM0.30%$3M250.0K
73WESTROCK COCOM0.30%$3M53.5K
74MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.29%$2M39.9K
75SFSTIFEL FINL CORPCOM0.29%$2M35.0K
76MERCMERCER INTL INCCOM0.28%$2M168.4K
77MTCHMATCH GROUP INC NEWCOM0.28%$2M21.4K
78TGTTARGET CORPCOM0.27%$2M10.8K
79HHYATT HOTELS CORPCOM CL A0.26%$2M22.9K
80SBUXSTARBUCKS CORPCOM0.26%$2M24.0K
81VECOVEECO INSTRS INC DELCOM0.26%$2M79.1K
82TRVTRAVELERS COMPANIES INCCOM0.26%$2M11.7K
83TENBTENABLE HLDGS INCCOM0.25%$2M36.5K
84ABNBAIRBNB INCCOM CL A0.25%$2M12.2K
85NOWSERVICENOW INCCOM0.25%$2M3.7K
86RIORIO TINTO PLCSPONSORED ADR0.25%$2M25.7K
87CCKCROWN HLDGS INCCOM0.25%$2M16.5K
88NKENIKE INCCL B0.25%$2M15.3K
89QUALTRICS INTL INCCOM CL A0.24%$2M71.5K
90WYNNWYNN RESORTS LTDCOM0.24%$2M25.2K
91EXPEEXPEDIA GROUP INCCOM NEW0.23%$2M9.9K
92TNLTRAVEL PLUS LEISURE COCOM0.22%$2M32.0K
93EQHEQUITABLE HLDGS INCCOM0.22%$2M59.8K
94NDAQNASDAQ INCCOM0.21%$2M10.0K
95LOWLOWES COS INCCOM0.21%$2M8.8K
96METAMETA PLATFORMS INCCL A0.20%$2M7.6K
97IBKRINTERACTIVE BROKERS GROUP INCOM CL A0.20%$2M25.7K
98TWLOTWILIO INCCL A0.20%$2M10.2K
99DTDYNATRACE INCCOM NEW0.20%$2M35.3K
100DISDISNEY WALT COCOM0.20%$2M12.0K

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 ↗.