SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Crestline Management, L.P.

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

Reported Value
$682M
Q4 2022
Positions
165
Filings on Record
31
2019–present window
Filed
Feb 13, 2023
original filing

Summary

Crestline Management, L.P. reported $682M in U.S.-listed holdings across 165 positions for Q4 2022.

The portfolio is heavily concentrated: DNLI alone accounts for 28.0% of reported value.

Compared with Q3 2022, the fund opened 71 new positions and exited 107.

Portfolio Metrics

Turnover
+34.9%
vs prior filed quarter
Top-10 Concentration
+43.5%
share of reported value
Largest Position
+28.0%
Denali Therapeutics
New / Exited
71 / 107
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%Other: 4.6%ETP: 3.6%ADR: 1.8%NY Reg Shrs: 0.1%
  • Common Stock · 89.9% · $613M
  • Other · 4.6% · $31M
  • ETP · 3.6% · $25M
  • ADR · 1.8% · $12M
  • NY Reg Shrs · 0.1% · $867,303

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TFCTRUIST FINL CORPNEW+229.0K229.0K+$10M$10M
PGRPROGRESSIVE CORPNEW+65.0K65.0K+$8M$8M
FITBFIFTH THIRD BANCORPNEW+246.8K246.8K+$8M$8M
RXORXO INCNEW+456.2K456.2K+$8M$8M
CMECME GROUP INCNEW+40.0K40.0K+$7M$7M
CCJCAMECO CORPNEW+277.7K277.7K+$6M$6M
AMPAMERIPRISE FINL INCNEW+20.2K20.2K+$6M$6M
PRIMO WATER CORPORATIONNEW+400.0K400.0K+$6M$6M

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

Holdings — Q4 2022

164 positions (from 165 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM27.96%$191M6.86M
2AVGOBROADCOM INChistory →COM2.30%$16M28.0K
3VYXNCR CORP NEWhistory →COM2.10%$14M611.7K
4SANASANA BIOTECHNOLOGY INChistory →COM1.95%$13M3.37M
5ADIANALOG DEVICES INChistory →COM1.82%$12M75.5K
6AIGAMERICAN INTL GROUP INChistory →COM NEW1.59%$11M172.1K
7WCCWESCO INTL INChistory →COM1.53%$10M83.6K
8MIRMIRION TECHNOLOGIES INChistory →COM CL A1.45%$10M1.50M
9TFCTRUIST FINL CORPhistory →COM1.44%$10M229.0K
10ESABESAB CORPORATIONhistory →COM1.32%$9M191.5K
11APGAPI GROUP CORPhistory →COM STK1.30%$9M470.0K
12PGRPROGRESSIVE CORPhistory →COM1.24%$8M65.0K
13FITBFIFTH THIRD BANCORPhistory →COM1.19%$8M246.8K
14RGLDROYAL GOLD INChistory →COM1.18%$8M71.4K
15RXORXO INChistory →COMMON STOCK1.15%$8M456.2K
16ACAARCOSA INChistory →COM1.11%$8M140.0K
17SPBSPECTRUM BRANDS HLDGS INC NEhistory →COM1.07%$7M120.0K
18CFRCULLEN FROST BANKERS INChistory →COM1.04%$7M53.3K
19CBOECBOE GLOBAL MKTS INChistory →COM1.02%$7M55.4K
20CMECME GROUP INCCOM0.99%$7M40.0K
21BWXTBWX TECHNOLOGIES INCCOM0.94%$6M110.9K
22FNVFRANCO NEV CORPCOM0.92%$6M46.2K
23CCJCAMECO CORPCOM0.92%$6M277.7K
24AMPAMERIPRISE FINL INCCOM0.92%$6M20.2K
25AEMAGNICO EAGLE MINES LTDCOM0.92%$6M120.8K
26PRIMO WATER CORPORATIONCOM0.91%$6M400.0K
27MCHPMICROCHIP TECHNOLOGY INC.COM0.90%$6M87.7K
28WTFCWINTRUST FINL CORPCOM0.90%$6M72.8K
29MTBM & T BK CORPCOM0.90%$6M42.2K
30SLQDISHARES TR0-5YR INVT GR CP · US INFRASTRUC0.88%$6M129.1K
31EWBCEAST WEST BANCORP INCCOM0.88%$6M90.7K
32XLISELECT SECTOR SPDR TRSBI INT-INDS0.88%$6M60.8K
33DIASPDR DOW JONES INDL AVERAGEUT SER 10.87%$6M18.0K
34WBSWEBSTER FINL CORPCOM0.80%$5M115.9K
35RMBSRAMBUS INC DELCOM0.78%$5M149.1K
36TSTENARIS S ASPONSORED ADS0.77%$5M150.1K
37MSFTMICROSOFT CORPCOM0.73%$5M20.8K
38ZIONZIONS BANCORPORATION N ACOM0.72%$5M99.5K
39ASTLALGOMA STL GROUP INCCOM0.71%$5M761.0K
40VALEVALE S ASPONSORED ADS0.70%$5M283.0K
41ROGROGERS CORPCOM0.70%$5M40.0K
42RSRELIANCE STEEL & ALUMINUM COCOM0.69%$5M23.3K
43ALLALLSTATE CORPCOM0.69%$5M34.6K
44SCHWSCHWAB CHARLES CORPCOM0.67%$5M55.0K
45CRUSCIRRUS LOGIC INCCOM0.66%$5M60.9K
46GPKGRAPHIC PACKAGING HLDG COCOM0.66%$4M201.5K
47AXPAMERICAN EXPRESS COCOM0.65%$4M30.0K
48EGHT8X8 INC NEWCOM0.65%$4M1.02M
49MLMMARTIN MARIETTA MATLS INCCOM0.62%$4M12.6K
50MRSHMARSH & MCLENNAN COS INCCOM0.61%$4M25.0K
51CCITIGROUP INCCOM NEW0.58%$4M88.1K
52VMCVULCAN MATLS COCOM0.58%$4M22.6K
53SPIRIT AIRLS INCCOM0.57%$4M200.0K
54AMDADVANCED MICRO DEVICES INCCOM0.57%$4M60.0K
55VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD0.57%$4M51.4K
56DDDUPONT DE NEMOURS INCCOM0.56%$4M55.9K
57UNPUNION PAC CORPCOM0.56%$4M18.5K
58MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.55%$4M59.4K
59COHRCOHERENT CORPCOM0.52%$4M100.4K
60DISCOVER FINL SVCSCOM0.52%$4M35.9K
61UTHRUNITED THERAPEUTICS CORP DELCOM0.50%$3M12.3K
62RRXREGAL REXNORD CORPORATIONCOM0.44%$3M25.2K
63MRVLMARVELL TECHNOLOGY INCCOM0.44%$3M80.4K
64PAVEGLOBAL X FDSUS INFR DEV ETF0.43%$3M111.0K
65AMATAPPLIED MATLS INCCOM0.42%$3M29.7K
66APOAPOLLO GLOBAL MGMT INCCOM0.42%$3M45.0K
67GOOGLALPHABET INCCAP STK CL A0.39%$3M30.2K
68MUMICRON TECHNOLOGY INCCOM0.35%$2M48.0K
69WDAYWORKDAY INCCL A0.33%$2M13.3K
70AONAON PLCSHS CL A0.32%$2M7.4K
71SIMOSILICON MOTION TECHNOLOGY COSPONSORED ADR0.31%$2M33.1K
72PACWEST BANCORP DELCOM0.31%$2M91.5K
73NVDANVIDIA CORPORATIONCOM0.29%$2M13.7K
74BACBANK AMERICA CORPCOM0.29%$2M60.0K
75GORES HOLDINGS IX INCCLASS A COM0.29%$2M200.0K
76CRBGCOREBRIDGE FINL INCCOM0.27%$2M92.1K
77TECKTECK RESOURCES LTDCL B0.24%$2M44.0K
78PANWPALO ALTO NETWORKS INCCOM0.24%$2M11.8K
79SNDXSYNDAX PHARMACEUTICALS INCCOM0.24%$2M64.2K
80CLDXCELLDEX THERAPEUTICS INC NEWCOM NEW0.24%$2M36.4K
81CRSCARPENTER TECHNOLOGY CORPCOM0.23%$2M43.0K
82VEEVVEEVA SYS INCCL A COM0.23%$2M9.6K
83FLAME ACQUISITION CORPCOM CL A0.22%$2M150.0K
84CRWDCROWDSTRIKE HLDGS INCCL A0.22%$1M14.2K
85FLRFLUOR CORP NEWCOM0.21%$1M41.2K
86NTRANATERA INCCOM0.20%$1M34.7K
87PCTYPAYLOCITY HLDG CORPCOM0.18%$1M6.4K
88REATA PHARMACEUTICALS INCCL A0.18%$1M32.4K
89SVB FINANCIAL GROUPCOM0.17%$1M5.0K
90ADSKAUTODESK INCCOM0.16%$1M6.0K
91ARTEMIS STRATEGIC INVT CORPCOM CL A0.16%$1M108.5K
92FHIFEDERATED HERMES INCCL B0.16%$1M30.0K
93FG MERGER CORPCOMMON STOCK0.16%$1M100.2K
94DAYCERIDIAN HCM HLDG INCCOM0.15%$1M16.1K
95DDOGDATADOG INCCL A COM0.15%$1M14.0K
96GSR II METEORA ACQUISITN CORCLASS A COM0.15%$1M100.0K
97ALSET CAPITAL ACQUISITION COCLASS A COM0.15%$1M100.0K
98VECOVEECO INSTRS INC DELCOM0.15%$1M54.3K
99DUET ACQUISITION CORPCLASS A COM0.15%$1M99.4K
100FLDFTAC EMERALD ACQUISITION CORCLASS A COM0.15%$1M100.0K

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 ↗.