SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Crestline Management, L.P.

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

Reported Value
$842M
Q1 2023
Positions
157
Filings on Record
31
2019–present window
Filed
May 15, 2023
original filing

Summary

Crestline Management, L.P. reported $842M in U.S.-listed holdings across 157 positions for Q1 2023.

Its largest position, DNLI, represents 17.5% of the portfolio.

Compared with Q4 2022, the fund opened 89 new positions and exited 97.

Portfolio Metrics

Turnover
+36.9%
vs prior filed quarter
Top-10 Concentration
+31.9%
share of reported value
Largest Position
+17.5%
Denali Therapeutics
New / Exited
89 / 97
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: 91.1%ETP: 3.6%ADR: 2.9%Other: 1.6%NY Reg Shrs: 0.7%
  • Common Stock · 91.1% · $767M
  • ETP · 3.6% · $30M
  • ADR · 2.9% · $25M
  • Other · 1.6% · $14M
  • NY Reg Shrs · 0.7% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QQQINVESCO QQQ TRNEW+45.0K45.0K+$14M$14M
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+140.0K140.0K+$13M$13M
EXCEXELON CORPNEW+266.0K266.0K+$11M$11M
MDUMDU RES GROUP INCNEW+347.4K347.4K+$11M$11M
BTUPEABODY ENERGY CORPNEW+401.9K401.9K+$10M$10M
NINISOURCE INCNEW+367.0K367.0K+$10M$10M
HBANHUNTINGTON BANCSHARES INCNEW+838.0K838.0K+$9M$9M
IWMISHARES TRNEW+52.5K52.5K+$9M$9M

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

Holdings — Q1 2023

155 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM17.54%$148M6.41M
2AVGOBROADCOM INChistory →COM2.05%$17M26.9K
3VYXNCR CORP NEWhistory →COM1.88%$16M670.6K
4WCCWESCO INTL INChistory →COM1.66%$14M90.3K
5ADIANALOG DEVICES INChistory →COM1.64%$14M70.2K
6TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS1.55%$13M140.0K
7RMBSRAMBUS INC DELhistory →COM1.49%$13M245.2K
8ACAARCOSA INChistory →COM1.41%$12M187.9K
9CCJCAMECO CORPhistory →COM1.34%$11M429.9K
10WFCWELLS FARGO CO NEWhistory →COM1.33%$11M299.7K
11EXCEXELON CORPhistory →COM1.32%$11M266.0K
12BACBANK AMERICA CORPhistory →COM1.27%$11M375.0K
13MDUMDU RES GROUP INChistory →COM1.26%$11M347.4K
14SANASANA BIOTECHNOLOGY INChistory →COM1.25%$10M3.21M
15BTUPEABODY ENERGY CORPhistory →COM1.22%$10M401.9K
16NINISOURCE INChistory →COM1.22%$10M367.0K
17RXORXO INChistory →COMMON STOCK1.21%$10M517.5K
18NVDANVIDIA CORPORATIONhistory →COM1.20%$10M36.5K
19MIRMIRION TECHNOLOGIES INChistory →COM CL A1.19%$10M1.17M
20HBANHUNTINGTON BANCSHARES INChistory →COM1.11%$9M838.0K
21APGAPI GROUP CORPhistory →COM STK1.10%$9M413.6K
22DKDELEK US HLDGS INC NEWhistory →COM1.09%$9M400.0K
23ICEINTERCONTINENTAL EXCHANGE INhistory →COM1.02%$9M82.3K
24AWKAMERICAN WTR WKS CO INC NEWCOM0.99%$8M57.0K
25WBSWEBSTER FINL CORPCOM0.99%$8M210.9K
26ALLALLSTATE CORPCOM0.99%$8M75.0K
27ESABESAB CORPORATIONCOM0.94%$8M134.1K
28CNPCENTERPOINT ENERGY INCCOM0.94%$8M268.0K
29VOYAVOYA FINANCIAL INCCOM0.93%$8M110.0K
30ZIONZIONS BANCORPORATION N ACOM0.93%$8M262.0K
31BWXTBWX TECHNOLOGIES INCCOM0.93%$8M124.0K
32ETRENTERGY CORP NEWCOM0.92%$8M72.0K
33SPIRIT AIRLS INCCOM0.90%$8M440.0K
34MCHPMICROCHIP TECHNOLOGY INC.COM0.87%$7M87.7K
35ASTLALGOMA STL GROUP INCCOM0.86%$7M892.3K
36MSFTMICROSOFT CORPCOM0.86%$7M25.0K
37ABXBARRICK GOLD CORPCOM0.84%$7M382.5K
38AIGAMERICAN INTL GROUP INCCOM NEW0.84%$7M140.0K
39PPLPPL CORPCOM0.83%$7M253.0K
40FCXFREEPORT-MCMORAN INCCL B0.80%$7M164.0K
41MRSHMARSH & MCLENNAN COS INCCOM0.79%$7M40.0K
42KEYKEYCORPCOM0.78%$7M527.0K
43GPREGREEN PLAINS INCCOM0.77%$7M210.0K
44AMDADVANCED MICRO DEVICES INCCOM0.77%$6M66.0K
45STMSTMICROELECTRONICS N VNY REGISTRY0.74%$6M116.0K
46GOOGLALPHABET INCCAP STK CL A0.71%$6M58.0K
47AMATAPPLIED MATLS INCCOM0.70%$6M48.0K
48AQNALGONQUIN PWR UTILS CORPCOM0.70%$6M700.0K
49WTWWILLIS TOWERS WATSON PLC LTDSHS0.69%$6M25.0K
50CMACOMERICA INCCOM0.67%$6M130.0K
51RGLDROYAL GOLD INCCOM0.65%$6M42.5K
52SWKSSKYWORKS SOLUTIONS INCCOM0.64%$5M46.0K
53CRSCARPENTER TECHNOLOGY CORPCOM0.63%$5M117.6K
54PCTYPAYLOCITY HLDG CORPCOM0.61%$5M26.0K
55NEENEXTERA ENERGY INCCOM0.59%$5M65.0K
56AXPAMERICAN EXPRESS COCOM0.59%$5M30.0K
57PCGPG&E CORPCOM0.58%$5M303.0K
58AEMAGNICO EAGLE MINES LTDCOM0.56%$5M91.9K
59MUMICRON TECHNOLOGY INCCOM0.55%$5M77.0K
60TXTERNIUM SASPONSORED ADS0.55%$5M111.4K
61SYNOVUS FINL CORPCOM NEW0.55%$5M149.0K
62CMCCOMMERCIAL METALS COCOM0.53%$4M91.0K
63NOWSERVICENOW INCCOM0.52%$4M9.5K
64DTDYNATRACE INCCOM NEW0.52%$4M102.7K
65EGHT8X8 INC NEWCOM0.50%$4M1.02M
66DTEDTE ENERGY COCOM0.49%$4M37.5K
67SPGIS&P GLOBAL INCCOM0.48%$4M11.8K
68BALLBALL CORPCOM0.47%$4M72.5K
69CRUSCIRRUS LOGIC INCCOM0.47%$4M35.9K
70VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD0.47%$4M51.4K
71AMPAMERIPRISE FINL INCCOM0.46%$4M12.7K
72APOAPOLLO GLOBAL MGMT INCCOM0.45%$4M60.0K
73RJFRAYMOND JAMES FINL INCCOM0.44%$4M40.0K
74SOSOUTHERN COCOM0.42%$4M50.5K
75AESAES CORPCOM0.41%$3M144.0K
76SPBSPECTRUM BRANDS HLDGS INC NECOM0.39%$3M50.0K
77BKUBANKUNITED INCCOM0.39%$3M145.0K
78WRBBERKLEY W R CORPCOM0.37%$3M50.0K
79RIORIO TINTO PLCSPONSORED ADR0.36%$3M44.2K
80NEW YORK CMNTY BANCORP INCCOM0.35%$3M325.0K
81CCKCROWN HLDGS INCCOM0.35%$3M35.5K
82CGAUCENTERRA GOLD INCCOM0.35%$3M451.6K
83FHIFEDERATED HERMES INCCL B0.33%$3M70.0K
84WDAYWORKDAY INCCL A0.33%$3M13.5K
85BERRY GLOBAL GROUP INCCOM0.32%$3M46.2K
86BLACKROCK INCCOM0.32%$3M4.0K
87GTLBGITLAB INCCLASS A COM0.31%$3M75.8K
88FTNTFORTINET INCCOM0.31%$3M38.8K
89PANWPALO ALTO NETWORKS INCCOM0.30%$3M12.8K
90NTRANATERA INCCOM0.29%$2M44.4K
91JXNJACKSON FINANCIAL INCCOM CL A0.29%$2M65.0K
92CFRCULLEN FROST BANKERS INCCOM0.29%$2M23.0K
93FLRFLUOR CORP NEWCOM0.29%$2M78.3K
94INTCINTEL CORPCOM0.27%$2M70.0K
95KBRKBR INCCOM0.26%$2M40.2K
96SLVMSYLVAMO CORPCOMMON STOCK0.26%$2M46.4K
97SNDXSYNDAX PHARMACEUTICALS INCCOM0.24%$2M95.2K
98NDAQNASDAQ INCCOM0.24%$2M36.7K
99GFIGOLD FIELDS LTDSPONSORED ADR0.24%$2M150.0K
100AEBAALLETE INCCOM NEW0.23%$2M30.5K

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 ↗.