SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Crestline Management, L.P.

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

Reported Value
$858M
Q3 2023
Positions
143
Filings on Record
31
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Crestline Management, L.P. reported $858M in U.S.-listed holdings across 143 positions for Q3 2023.

Its largest position, DNLI, represents 14.3% of the portfolio.

Compared with Q2 2023, the fund opened 51 new positions and exited 57.

Portfolio Metrics

Turnover
+30.0%
vs prior filed quarter
Top-10 Concentration
+29.4%
share of reported value
Largest Position
+14.3%
Denali Therapeutics
New / Exited
51 / 57
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: 91.5%ETP: 4.0%ADR: 4.0%REIT: 0.5%NY Reg Shrs: 0.1%
  • Common Stock · 91.5% · $785M
  • ETP · 4.0% · $34M
  • ADR · 4.0% · $34M
  • REIT · 0.5% · $4M
  • NY Reg Shrs · 0.1% · $863,200

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TECKTECK RESOURCES LTDNEW+297.6K297.6K+$13M$13M
ALLALLSTATE CORPNEW+90.0K90.0K+$10M$10M
CLFCLEVELAND-CLIFFS INC NEWNEW+506.9K506.9K+$8M$8M
GTGOODYEAR TIRE & RUBR CONEW+600.0K600.0K+$7M$7M
SRESEMPRANEW+104.5K104.5K+$7M$7M
ARMKARAMARKNEW+280.0K280.0K+$7M$7M
TFCTRUIST FINL CORPNEW+230.0K230.0K+$7M$7M
BACBANK AMERICA CORPNEW+240.0K240.0K+$7M$7M

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

Holdings — Q3 2023

139 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM14.32%$123M5.96M
2NVDANVIDIA CORPORATIONhistory →COM2.37%$20M46.7K
3VYXNCR CORP NEWhistory →COM1.80%$15M573.2K
4ACAARCOSA INChistory →COM1.71%$15M203.8K
5PPLPPL CORPhistory →COM1.70%$15M619.2K
6NINISOURCE INChistory →COM1.65%$14M574.7K
7SANASANA BIOTECHNOLOGY INChistory →COM1.52%$13M3.37M
8TECKTECK RESOURCES LTDhistory →CL B1.49%$13M297.6K
9RIORIO TINTO PLChistory →SPONSORED ADR1.45%$12M195.2K
10SQMSOCIEDAD QUIMICA Y MINERA DEhistory →SPON ADR SER B1.41%$12M202.3K
11AIGAMERICAN INTL GROUP INChistory →COM NEW1.38%$12M195.9K
12RXORXO INChistory →COMMON STOCK1.33%$11M577.8K
13CCJCAMECO CORPhistory →COM1.31%$11M283.4K
14PCTYPAYLOCITY HLDG CORPhistory →COM1.29%$11M60.9K
15AVGOBROADCOM INChistory →COM1.29%$11M13.3K
16EXCEXELON CORPhistory →COM1.25%$11M284.4K
17DKDELEK US HLDGS INC NEWhistory →COM1.22%$11M370.0K
18WCCWESCO INTL INChistory →COM1.22%$11M73.0K
19MIRMIRION TECHNOLOGIES INChistory →COM CL A1.22%$10M1.40M
20ALLALLSTATE CORPhistory →COM1.17%$10M90.0K
21SPIRIT AIRLS INCCOM1.15%$10M600.0K
22ATIATI INChistory →COM1.13%$10M234.7K
23MRCYMERCURY SYS INChistory →COM1.12%$10M258.5K
24MSFTMICROSOFT CORPhistory →COM1.10%$9M30.0K
25RGLDROYAL GOLD INChistory →COM1.08%$9M87.5K
26SMARTSHEET INCCOM CL A1.08%$9M228.3K
27SOSOUTHERN COhistory →COM1.05%$9M139.6K
28METMETLIFE INChistory →COM1.04%$9M141.4K
29CBOECBOE GLOBAL MKTS INChistory →COM1.01%$9M55.5K
30LPLALPL FINL HLDGS INCCOM0.99%$8M35.6K
31GDXVANECK ETF TRUSTGOLD MINERS ETF0.98%$8M313.3K
32MUMICRON TECHNOLOGY INCCOM0.97%$8M123.0K
33AQNALGONQUIN PWR UTILS CORPCOM0.97%$8M1.40M
34APOAPOLLO GLOBAL MGMT INCCOM0.94%$8M90.0K
35CLFCLEVELAND-CLIFFS INC NEWCOM0.92%$8M506.9K
36GTGOODYEAR TIRE & RUBR COCOM0.87%$7M600.0K
37HBANHUNTINGTON BANCSHARES INCCOM0.84%$7M693.0K
38SRESEMPRACOM0.83%$7M104.5K
39RMBSRAMBUS INC DELCOM0.83%$7M127.0K
40ARMKARAMARKCOM0.82%$7M280.0K
41GPREGREEN PLAINS INCCOM0.81%$7M232.0K
42WFCWELLS FARGO CO NEWCOM0.81%$7M170.0K
43CNPCENTERPOINT ENERGY INCCOM0.78%$7M250.4K
44TFCTRUIST FINL CORPCOM0.77%$7M230.0K
45BACBANK AMERICA CORPCOM0.77%$7M240.0K
46TRVTRAVELERS COMPANIES INCCOM0.76%$7M40.0K
47GXOGXO LOGISTICS INCORPORATEDCOMMON STOCK0.75%$6M110.5K
48TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.75%$6M74.0K
49AEMAGNICO EAGLE MINES LTDCOM0.74%$6M140.4K
50PCGPG&E CORPCOM0.74%$6M394.5K
51METAMETA PLATFORMS INCCL A0.73%$6M21.0K
52NUENUCOR CORPCOM0.73%$6M40.2K
53WTWWILLIS TOWERS WATSON PLC LTDSHS0.73%$6M30.0K
54GPKGRAPHIC PACKAGING HLDG COCOM0.69%$6M265.3K
55MRSHMARSH & MCLENNAN COS INCCOM0.67%$6M30.0K
56MRVLMARVELL TECHNOLOGY INCCOM0.66%$6M105.0K
57ETRENTERGY CORP NEWCOM0.64%$6M59.7K
58FEFIRSTENERGY CORPCOM0.64%$5M160.8K
59CMECME GROUP INCCOM0.63%$5M27.0K
60PCORPROCORE TECHNOLOGIES INCCOM0.62%$5M81.7K
61ARCH RESOURCES INCCL A0.59%$5M29.6K
62NOWSERVICENOW INCCOM0.57%$5M8.8K
63PNCPNC FINL SVCS GROUP INCCOM0.57%$5M40.0K
64LNTALLIANT ENERGY CORPCOM0.57%$5M100.7K
65MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.56%$5M58.6K
66SPGIS&P GLOBAL INCCOM0.54%$5M12.7K
67ICEINTERCONTINENTAL EXCHANGE INCOM0.54%$5M42.0K
68CFCF INDS HLDGS INCCOM0.49%$4M49.4K
69WRBBERKLEY W R CORPCOM0.48%$4M65.0K
70WYWEYERHAEUSER CO MTN BECOM NEW0.46%$4M128.6K
71VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD0.45%$4M51.4K
72PRUPRUDENTIAL FINL INCCOM0.44%$4M40.0K
73PAYCPAYCOM SOFTWARE INCCOM0.41%$4M13.6K
74CRMSALESFORCE INCCOM0.39%$3M16.6K
75CONFLUENT INCCLASS A COM0.39%$3M113.4K
76CDNSCADENCE DESIGN SYSTEM INCCOM0.38%$3M14.0K
77CRWDCROWDSTRIKE HLDGS INCCL A0.38%$3M19.3K
78EWBCEAST WEST BANCORP INCCOM0.37%$3M60.0K
79MDBMONGODB INCCL A0.36%$3M8.9K
80ADIANALOG DEVICES INCCOM0.35%$3M17.0K
81ONTOONTO INNOVATION INCCOM0.34%$3M23.1K
82FLRFLUOR CORP NEWCOM0.34%$3M80.2K
83PEGAPEGASYSTEMS INCCOM0.33%$3M66.1K
84APDAIR PRODS & CHEMS INCCOM0.33%$3M10.0K
85ITGARTNER INCCOM0.33%$3M8.1K
86KKRKKR & CO INCCOM0.32%$3M45.0K
87SFSTIFEL FINL CORPCOM0.32%$3M45.0K
88UECURANIUM ENERGY CORPCOM0.31%$3M525.0K
89MCOMOODYS CORPCOM0.31%$3M8.4K
90HUBSHUBSPOT INCCOM0.30%$3M5.2K
91MTBM & T BK CORPCOM0.29%$3M20.0K
92EGHT8X8 INC NEWCOM0.29%$3M998.4K
93ACLSAXCELIS TECHNOLOGIES INCCOM NEW0.29%$3M15.3K
94WECWEC ENERGY GROUP INCCOM0.29%$2M30.9K
95NTRANATERA INCCOM0.29%$2M56.1K
96AMDADVANCED MICRO DEVICES INCCOM0.29%$2M24.0K
97KBRKBR INCCOM0.28%$2M41.2K
98AMZNAMAZON COM INCCOM0.28%$2M19.0K
99GOOGLALPHABET INCCAP STK CL A0.27%$2M18.0K
100FCNCAFIRST CTZNS BANCSHARES INC NCL A0.27%$2M1.7K

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 ↗.