SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Crestline Management, L.P.

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

Reported Value
$958M
Q2 2023
Positions
148
Filings on Record
31
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Crestline Management, L.P. reported $958M in U.S.-listed holdings across 148 positions for Q2 2023.

Its largest position, DNLI, represents 18.8% of the portfolio.

Compared with Q1 2023, the fund opened 61 new positions and exited 70.

Portfolio Metrics

Turnover
+31.6%
vs prior filed quarter
Top-10 Concentration
+33.8%
share of reported value
Largest Position
+18.8%
Denali Therapeutics
New / Exited
61 / 70
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: 88.3%ETP: 5.8%ADR: 3.4%Other: 1.1%NY Reg Shrs: 1.0%REIT: 0.4%
  • Common Stock · 88.3% · $846M
  • ETP · 5.8% · $56M
  • ADR · 3.4% · $33M
  • Other · 1.1% · $10M
  • NY Reg Shrs · 1.0% · $9M
  • REIT · 0.4% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPYSPDR S&P 500 ETF TRNEW+37.5K37.5K+$17M$17M
MRCYMERCURY SYS INCNEW+341.3K341.3K+$12M$12M
UNPUNION PAC CORPNEW+51.8K51.8K+$11M$11M
NUENUCOR CORPNEW+64.6K64.6K+$11M$11M
FEFIRSTENERGY CORPNEW+236.1K236.1K+$9M$9M
NSCNORFOLK SOUTHN CORPNEW+33.1K33.1K+$8M$8M
GDXVANECK ETF TRUSTNEW+243.0K243.0K+$7M$7M
RSRELIANCE STEEL & ALUMINUM CONEW+26.4K26.4K+$7M$7M

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

Holdings — Q2 2023

146 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM18.83%$180M6.11M
2SANASANA BIOTECHNOLOGY INChistory →COM2.09%$20M3.37M
3WCCWESCO INTL INChistory →COM1.90%$18M101.7K
4VYXNCR CORP NEWhistory →COM1.78%$17M676.9K
5AVGOBROADCOM INChistory →COM1.78%$17M19.7K
6ACAARCOSA INChistory →COM1.61%$15M203.8K
7NINISOURCE INChistory →COM1.53%$15M536.4K
8PPLPPL CORPhistory →COM1.47%$14M530.3K
9EXCEXELON CORPhistory →COM1.46%$14M342.8K
10NVDANVIDIA CORPORATIONhistory →COM1.38%$13M31.3K
11RXORXO INChistory →COMMON STOCK1.25%$12M527.8K
12CNPCENTERPOINT ENERGY INChistory →COM1.24%$12M408.5K
13MRCYMERCURY SYS INChistory →COM1.23%$12M341.3K
14RIORIO TINTO PLChistory →SPONSORED ADR1.21%$12M180.9K
15MIRMIRION TECHNOLOGIES INChistory →COM CL A1.20%$11M1.36M
16UNPUNION PAC CORPhistory →COM1.11%$11M51.8K
17NUENUCOR CORPhistory →COM1.11%$11M64.6K
18DKDELEK US HLDGS INC NEWhistory →COM1.11%$11M442.0K
19AQNALGONQUIN PWR UTILS CORPhistory →COM1.05%$10M1.22M
20AIGAMERICAN INTL GROUP INCCOM NEW0.99%$9M164.9K
21CCJCAMECO CORPCOM0.98%$9M300.4K
22RMBSRAMBUS INC DELCOM0.98%$9M146.6K
23STMSTMICROELECTRONICS N VNY REGISTRY0.97%$9M185.3K
24FEFIRSTENERGY CORPCOM0.96%$9M236.1K
25MSFTMICROSOFT CORPCOM0.94%$9M26.5K
26TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.92%$9M87.0K
27SPIRIT AIRLS INCCOM0.91%$9M508.3K
28ESABESAB CORPORATIONCOM0.91%$9M130.6K
29CRSCARPENTER TECHNOLOGY CORPCOM0.86%$8M146.2K
30CMECME GROUP INCCOM0.85%$8M44.0K
31HBANHUNTINGTON BANCSHARES INCCOM0.84%$8M750.0K
32NSCNORFOLK SOUTHN CORPCOM0.78%$8M33.1K
33GPREGREEN PLAINS INCCOM0.78%$7M232.0K
34GDXVANECK ETF TRUSTGOLD MINERS ETF0.76%$7M243.0K
35RGLDROYAL GOLD INCCOM0.76%$7M63.3K
36RSRELIANCE STEEL & ALUMINUM COCOM0.75%$7M26.4K
37GXOGXO LOGISTICS INCORPORATEDCOMMON STOCK0.72%$7M110.5K
38CMCCOMMERCIAL METALS COCOM0.72%$7M131.8K
39PNCPNC FINL SVCS GROUP INCCOM0.72%$7M55.0K
40AWKAMERICAN WTR WKS CO INC NEWCOM0.72%$7M48.4K
41FCXFREEPORT-MCMORAN INCCL B0.72%$7M172.6K
42ETRENTERGY CORP NEWCOM0.71%$7M69.8K
43METMETLIFE INCCOM0.71%$7M120.0K
44AMPAMERIPRISE FINL INCCOM0.69%$7M20.0K
45MRSHMARSH & MCLENNAN COS INCCOM0.69%$7M35.0K
46LPLALPL FINL HLDGS INCCOM0.68%$7M30.0K
47ADIANALOG DEVICES INCCOM0.67%$6M33.0K
48ATIATI INCCOM0.66%$6M143.9K
49RRXREGAL REXNORD CORPORATIONCOM0.66%$6M41.0K
50AMZNAMAZON COM INCCOM0.64%$6M47.2K
51AJGGALLAGHER ARTHUR J & COCOM0.64%$6M28.0K
52MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.62%$6M90.6K
53METAMETA PLATFORMS INCCL A0.62%$6M20.6K
54NEENEXTERA ENERGY INCCOM0.55%$5M70.8K
55APOAPOLLO GLOBAL MGMT INCCOM0.55%$5M68.0K
56GPKGRAPHIC PACKAGING HLDG COCOM0.54%$5M215.3K
57BLACKROCK INCCOM0.49%$5M6.8K
58PCGPG&E CORPCOM0.49%$5M269.7K
59WDAYWORKDAY INCCL A0.48%$5M20.4K
60MKSIMKS INSTRS INCCOM0.47%$5M42.0K
61HIGHARTFORD FINL SVCS GROUP INCCOM0.45%$4M60.0K
62VOYAVOYA FINANCIAL INCCOM0.45%$4M60.0K
63EGHT8X8 INC NEWCOM0.44%$4M998.4K
64MSCIMSCI INCCOM0.44%$4M9.0K
65FITBFIFTH THIRD BANCORPCOM0.44%$4M160.0K
66GFIGOLD FIELDS LTDSPONSORED ADR0.44%$4M302.5K
67GOOGLALPHABET INCCAP STK CL A0.44%$4M34.9K
68PANWPALO ALTO NETWORKS INCCOM0.43%$4M16.2K
69PEGAPEGASYSTEMS INCCOM0.43%$4M83.9K
70ASTLALGOMA STL GROUP INCCOM0.43%$4M582.4K
71WECWEC ENERGY GROUP INCCOM0.42%$4M45.5K
72VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD0.41%$4M51.4K
73CGAUCENTERRA GOLD INCCOM0.40%$4M642.7K
74WFCWELLS FARGO CO NEWCOM0.40%$4M89.7K
75MUMICRON TECHNOLOGY INCCOM0.40%$4M60.5K
76SMARTSHEET INCCOM CL A0.40%$4M98.9K
77JPMJPMORGAN CHASE & COCOM0.38%$4M25.0K
78TRUTRANSUNIONCOM0.38%$4M46.4K
79VECOVEECO INSTRS INC DELCOM0.36%$3M134.3K
80PCHPOTLATCHDELTIC CORPORATIONCOM0.35%$3M63.6K
81PCTYPAYLOCITY HLDG CORPCOM0.35%$3M17.9K
82DAVAENDAVA PLCADS0.34%$3M62.5K
83GSGOLDMAN SACHS GROUP INCCOM0.34%$3M10.0K
84ADPAUTOMATIC DATA PROCESSING INCOM0.33%$3M14.3K
85CFCF INDS HLDGS INCCOM0.33%$3M45.1K
86SQMSOCIEDAD QUIMICA Y MINERA DESPON ADR SER B0.33%$3M43.0K
87ACLSAXCELIS TECHNOLOGIES INCCOM NEW0.32%$3M16.9K
88AEMAGNICO EAGLE MINES LTDCOM0.31%$3M59.5K
89MCHPMICROCHIP TECHNOLOGY INC.COM0.31%$3M32.8K
90DTEDTE ENERGY COCOM0.30%$3M26.4K
91DTDYNATRACE INCCOM NEW0.30%$3M56.3K
92VEEVVEEVA SYS INCCL A COM0.29%$3M14.2K
93EPAMEPAM SYS INCCOM0.29%$3M12.5K
94KBRKBR INCCOM0.28%$3M41.2K
95PORPORTLAND GEN ELEC COCOM NEW0.27%$3M56.2K
96MSMORGAN STANLEYCOM NEW0.27%$3M30.0K
97XLESELECT SECTOR SPDR TRENERGY0.27%$3M31.3K
98KKRKKR & CO INCCOM0.26%$3M45.0K
99AMATAPPLIED MATLS INCCOM0.26%$3M17.4K
100KLICKULICKE & SOFFA INDS INCCOM0.26%$2M41.9K

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 ↗.