SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Crestline Management, L.P.

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

Reported Value
$1.2B
Q4 2023
Positions
157
Filings on Record
31
2019–present window
Filed
Feb 12, 2024
original filing

Summary

Crestline Management, L.P. reported $1.2B in U.S.-listed holdings across 157 positions for Q4 2023.

Its largest position, DNLI, represents 10.4% of the portfolio.

Compared with Q3 2023, the fund opened 52 new positions and exited 39.

Portfolio Metrics

Turnover
+23.5%
vs prior filed quarter
Top-10 Concentration
+26.7%
share of reported value
Largest Position
+10.4%
Denali Therapeutics
New / Exited
52 / 39
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: 80.4%ETP: 10.8%ADR: 3.3%REIT: 2.5%MLP: 2.4%NY Reg Shrs: 0.6%
  • Common Stock · 80.4% · $944M
  • ETP · 10.8% · $127M
  • ADR · 3.3% · $39M
  • REIT · 2.5% · $29M
  • MLP · 2.4% · $28M
  • NY Reg Shrs · 0.6% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IWMISHARES TRNEW+296.5K296.5K+$60M$60M
MMACYS INCNEW+1.60M1.60M+$32M$32M
ETENERGY TRANSFER L PNEW+2.00M2.00M+$28M$28M
FRFIRST INDL RLTY TR INCNEW+500.0K500.0K+$26M$26M
QQQINVESCO QQQ TRNEW+58.5K58.5K+$24M$24M
BHCBAUSCH HEALTH COS INCNEW+2.00M2.00M+$16M$16M
NDAQNASDAQ INCNEW+193.0K193.0K+$11M$11M
CCKCROWN HLDGS INCNEW+121.3K121.3K+$11M$11M

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

Holdings — Q4 2023

152 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DNLIDENALI THERAPEUTICS INChistory →COM10.35%$121M5.66M
2MMACYS INChistory →COM2.74%$32M1.60M
3ETENERGY TRANSFER L Phistory →COM UT LTD PTN2.35%$28M2.00M
4FRFIRST INDL RLTY TR INChistory →COM2.24%$26M500.0K
5SPYSPDR S&P 500 ETF TRhistory →TR UNIT2.02%$24M50.0K
6ACAARCOSA INChistory →COM1.55%$18M219.8K
7NINISOURCE INChistory →COM1.45%$17M642.4K
8BHCBAUSCH HEALTH COS INChistory →COM1.37%$16M2.00M
9PPLPPL CORPhistory →COM1.34%$16M579.4K
10AIGAMERICAN INTL GROUP INChistory →COM NEW1.31%$15M226.9K
11ALLALLSTATE CORPhistory →COM1.29%$15M107.8K
12AQNALGONQUIN PWR UTILS CORPhistory →COM1.22%$14M2.27M
13SANASANA BIOTECHNOLOGY INChistory →COM1.17%$14M3.37M
14WTWWILLIS TOWERS WATSON PLC LTDhistory →SHS1.03%$12M50.3K
15ETRENTERGY CORP NEWhistory →COM1.02%$12M117.9K
16CBOECBOE GLOBAL MKTS INChistory →COM1.02%$12M66.8K
17DTDYNATRACE INChistory →COM NEW0.97%$11M208.1K
18NDAQNASDAQ INChistory →COM0.96%$11M193.0K
19CCKCROWN HLDGS INChistory →COM0.95%$11M121.3K
20TFCTRUIST FINL CORPhistory →COM0.93%$11M296.7K
21PCGPG&E CORPhistory →COM0.89%$10M578.2K
22MSFTMICROSOFT CORPhistory →COM0.88%$10M27.4K
23AEMAGNICO EAGLE MINES LTDCOM0.85%$10M180.9K
24HBANHUNTINGTON BANCSHARES INCCOM0.84%$10M776.1K
25MRCYMERCURY SYS INCCOM0.83%$10M267.4K
26RIORIO TINTO PLCSPONSORED ADR0.83%$10M130.8K
27VYXNCR VOYIX CORPORATIONCOM0.82%$10M568.5K
28KKRKKR & CO INCCOM0.81%$10M115.4K
29CRMSALESFORCE INCCOM0.81%$9M36.0K
30RGLDROYAL GOLD INCCOM0.80%$9M78.0K
31MIRMIRION TECHNOLOGIES INCCOM CL A0.79%$9M900.0K
32FCXFREEPORT-MCMORAN INCCL B0.76%$9M210.8K
33SRESEMPRACOM0.76%$9M119.2K
34KVUEKENVUE INCCOM0.75%$9M407.0K
35DKDELEK US HLDGS INC NEWCOM0.72%$8M329.3K
36VSTSVESTIS CORPORATIONCOM SHS0.72%$8M401.3K
37ARMKARAMARKCOM0.71%$8M298.3K
38TXNMPNM RES INCCOM0.71%$8M200.0K
39BZKANZHUN LIMITEDSPONSORED ADS0.71%$8M500.0K
40RXORXO INCCOMMON STOCK0.71%$8M355.7K
41GXOGXO LOGISTICS INCORPORATEDCOMMON STOCK0.70%$8M134.2K
42VMIVALMONT INDS INCCOM0.68%$8M34.0K
43ATIATI INCCOM0.67%$8M172.0K
44CRBGCOREBRIDGE FINL INCCOM0.66%$8M359.1K
45SPIRIT AIRLS INCCOM0.66%$8M473.1K
46GSGOLDMAN SACHS GROUP INCCOM0.65%$8M19.8K
47GPKGRAPHIC PACKAGING HLDG COCOM0.65%$8M309.0K
48INVESCO EXCH TRADED FD TR IIS&P500 LOW VOL0.64%$8M120.1K
49TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.64%$7M71.9K
50APOAPOLLO GLOBAL MGMT INCCOM0.64%$7M80.0K
51UNPUNION PAC CORPCOM0.63%$7M30.3K
52GDXVANECK ETF TRUSTGOLD MINERS ETF0.63%$7M237.7K
53ARCH RESOURCES INCCL A0.63%$7M44.3K
54COFCAPITAL ONE FINL CORPCOM0.62%$7M55.7K
55NUENUCOR CORPCOM0.61%$7M41.0K
56AVGOBROADCOM INCCOM0.60%$7M6.3K
57ACLSAXCELIS TECHNOLOGIES INCCOM NEW0.59%$7M53.8K
58NATLNCR ATLEOS CORPORATIONCOM SHS0.58%$7M278.7K
59KEYKEYCORPCOM0.57%$7M466.5K
60GPREGREEN PLAINS INCCOM0.57%$7M263.7K
61VLTOVERALTO CORPCOM SHS0.56%$7M80.1K
62CNPCENTERPOINT ENERGY INCCOM0.56%$7M228.4K
63GTGOODYEAR TIRE & RUBR COCOM0.55%$6M452.7K
64RMBSRAMBUS INC DELCOM0.55%$6M94.4K
65PRUPRUDENTIAL FINL INCCOM0.53%$6M60.0K
66AMDADVANCED MICRO DEVICES INCCOM0.51%$6M41.0K
67WFCWELLS FARGO CO NEWCOM0.51%$6M122.5K
68LNTALLIANT ENERGY CORPCOM0.51%$6M116.1K
69ICEINTERCONTINENTAL EXCHANGE INCOM0.50%$6M45.9K
70SMARTSHEET INCCOM CL A0.50%$6M122.7K
71SPGIS&P GLOBAL INCCOM0.49%$6M13.1K
72NOWSERVICENOW INCCOM0.49%$6M8.1K
73MDBMONGODB INCCL A0.49%$6M14.0K
74NVDANVIDIA CORPORATIONCOM0.49%$6M11.5K
75FHNFIRST HORIZON CORPORATIONCOM0.48%$6M400.0K
76ADPAUTOMATIC DATA PROCESSING INCOM0.48%$6M24.2K
77SIMOSILICON MOTION TECHNOLOGY COSPONSORED ADR0.47%$6M90.3K
78TERTERADYNE INCCOM0.45%$5M48.3K
79MUMICRON TECHNOLOGY INCCOM0.44%$5M60.0K
80MRSHMARSH & MCLENNAN COS INCCOM0.44%$5M27.0K
81MTSIMACOM TECH SOLUTIONS HLDGS ICOM0.43%$5M54.0K
82SOSOUTHERN COCOM0.42%$5M70.3K
83PCTYPAYLOCITY HLDG CORPCOM0.42%$5M29.9K
84FCNCAFIRST CTZNS BANCSHARES INC NCL A0.40%$5M3.3K
85BHPBHP GROUP LTDSPONSORED ADS0.39%$5M66.4K
86DDOGDATADOG INCCL A COM0.37%$4M35.6K
87WALWESTERN ALLIANCE BANCORPCOM0.36%$4M64.1K
88TRVTRAVELERS COMPANIES INCCOM0.36%$4M22.0K
89CMACOMERICA INCCOM0.36%$4M75.0K
90SNOWSNOWFLAKE INCCL A0.35%$4M20.7K
91NTRANATERA INCCOM0.35%$4M65.1K
92STMSTMICROELECTRONICS N VNY REGISTRY0.34%$4M80.8K
93VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD0.34%$4M51.4K
94VEEVVEEVA SYS INCCL A COM0.34%$4M20.5K
95ZSZSCALER INCCOM0.32%$4M17.1K
96WKWORKIVA INCCOM CL A0.32%$4M37.4K
97EGHT8X8 INC NEWCOM0.32%$4M998.4K
98CRWDCROWDSTRIKE HLDGS INCCL A0.32%$4M14.8K
99AKAMAKAMAI TECHNOLOGIES INCCOM0.31%$4M31.2K
100ALGMALLEGRO MICROSYSTEMS INCCOM0.31%$4M120.0K

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 ↗.