Managers / Q4 2024
CIGOGNE MANAGEMENT SANEW FILER
CIK 0002047346 · 18 BOULEVARD ROYAL, LUXEMBOURG, N4, L-2449 · 0035227464682
Summary
Cigogne Management SA reported $169M in U.S.-listed holdings across 86 positions for Q4 2024.
Its largest position, Airbnb, represents 6.1% of the portfolio.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 65.1% · $110M
- Other · 23.0% · $39M
- US DOMESTIC · 10.7% · $18M
- ADR · 1.2% · $2M
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| JNPJUNIPER NETWORKS INC | NEW | +279.7K | 279.7K | +$10M | $10M |
| AIRBNB INC | NEW | +11.00M | 11.00M | +$10M | $10M |
| ENDEAVOR GROUP HLDGS INC | NEW | +270.0K | 270.0K | +$8M | $8M |
| HCP2EURHASHICORP INC | NEW | +203.8K | 203.8K | +$7M | $7M |
| DEUTSCHE BANK A G | NEW | +375.0K | 375.0K | +$6M | $6M |
| ARCADIUM LITHIUM PLC | NEW | +1.14M | 1.14M | +$6M | $6M |
| SMARGBPSMARTSHEET INC | NEW | +97.8K | 97.8K | +$5M | $5M |
| FYBRFRONTIER COMMUNICATIONS PARE | NEW | +147.4K | 147.4K | +$5M | $5M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | AIRBNB INC | NOTE 3/1 | 6.12% | $10M | 11.00M |
| 2 | ENDEAVOR GROUP HLDGS INC | CL A COM | 5.01% | $8M | 270.0K |
| 3 | HCP2EURHASHICORP INChistory → | COM CL A | 4.14% | $7M | 203.8K |
| 4 | JNPJUNIPER NETWORKS INChistory → | COM | 3.77% | $6M | 169.7K |
| 5 | SMARGBPSMARTSHEET INChistory → | COM CL A | 3.25% | $5M | 97.8K |
| 6 | FYBRFRONTIER COMMUNICATIONS PAREhistory → | COM | 3.03% | $5M | 147.4K |
| 7 | ZUOUSDZUORA INChistory → | COM CL A | 2.91% | $5M | 495.0K |
| 8 | ENSTAR GROUP LIMITED | SHS | 2.85% | $5M | 14.9K |
| 9 | ARCADIUM LITHIUM PLC | COM SHS | 2.55% | $4M | 838.5K |
| 10 | FORD MTR CO | NOTE 3/1 | 2.30% | $4M | 4.00M |
| 11 | AGSPLAYAGS INChistory → | COM | 2.28% | $4M | 332.6K |
| 12 | FIRST FINANCIAL NORTHWEST IN | COM | 2.27% | $4M | 176.1K |
| 13 | G2CEVERI HLDGS INChistory → | COM | 2.18% | $4M | 272.4K |
| 14 | SU6SURMODICS INChistory → | COM | 1.84% | $3M | 78.5K |
| 15 | AMEDAMEDISYS INChistory → | COM | 1.60% | $3M | 29.6K |
| 16 | PTVEUSDPACTIV EVERGREEN INChistory → | COM | 1.55% | $3M | 150.0K |
| 17 | SRGSERITAGE GROWTH PPTYShistory → | CL A | 1.51% | $3M | 619.8K |
| 18 | MATTERPORT INC | COM CL A | 1.46% | $2M | 517.5K |
| 19 | GAN LTD | SHS | 1.40% | $2M | 1.30M |
| 20 | AVID BIOSERVICES INC | COM | 1.39% | $2M | 189.1K |
| 21 | MONEYLION INC | CL A | 1.22% | $2M | 24.0K |
| 22 | AFBIAFFINITY BANCSHARES INChistory → | COM | 1.20% | $2M | 115.4K |
| 23 | DROPBOX INC | NOTE 3/0 | 1.18% | $2M | 2.00M |
| 24 | 07SSECUREWORKS CORPhistory → | CL A | 1.18% | $2M | 234.4K |
| 25 | XXYCROSS CTRY HEALTHCARE INChistory → | COM | 1.16% | $2M | 108.0K |
| 26 | TRIPADVISOR INC | NOTE 0.250% 4/0 | 1.11% | $2M | 2.00M |
| 27 | INNOVID CORP | COMMON STOCK | 1.10% | $2M | 600.0K |
| 28 | AEUSDADAMS RES & ENERGY INChistory → | COM NEW | 1.07% | $2M | 47.9K |
| 29 | GRFSGRIFOLS S Ahistory → | SP ADR REP B NVT | 1.05% | $2M | 238.9K |
| 30 | ICC HLDGS INC | COM | 1.02% | $2M | 74.0K |
| 31 | PDCOEURPATTERSON COS INChistory → | COM | 1.01% | $2M | 55.0K |
| 32 | SEQUANS COMMUNICATIONS S A | SPONSORED ADS | 0.97% | $2M | 470.6K |
| 33 | KELKELLANOVA | COM | 0.80% | $1M | 16.8K |
| 34 | CAPRI HOLDINGS LIMITED | SHS | 0.72% | $1M | 57.5K |
| 35 | GATOS SILVER INC | COM | 0.70% | $1M | 85.0K |
| 36 | INBXINHIBRX BIOSCIENCES INC | COM | 0.69% | $1M | 75.9K |
| 37 | CONTEXTLOGIC INC | CL A NEW | 0.69% | $1M | 165.0K |
| 38 | PSTXUSDPOSEIDA THERAPEUTICS INC | COM | 0.68% | $1M | 120.0K |
| 39 | MANITEX INTL INC | COM | 0.63% | $1M | 183.1K |
| 40 | TTECTTEC HLDGS INC | COM | 0.43% | $728,550 | 146.0K |
| 41 | DM*DESKTOP METAL INC | COM CL A | 0.42% | $701,647 | 299.8K |
| 42 | LWAYLIFEWAY FOODS INC | COM | 0.29% | $493,669 | 19.9K |
| 43 | MARKFORGED HOLDING CORPORATI | COM NEW | 0.29% | $482,869 | 153.8K |
| 44 | USX1UNITED STATES STL CORP NEW | COM | 0.25% | $424,875 | 12.5K |
| 45 | RENEW ENERGY GLOBAL PLC | CL A SHS | 0.24% | $409,800 | 60.0K |
| 46 | THTARGET HOSPITALITY CORP | COM | 0.22% | $369,609 | 38.2K |
| 47 | RVNCEURREVANCE THERAPEUTICS INC | COM | 0.20% | $339,948 | 111.8K |
| 48 | TSNTYSON FOODS INC | CL A | 0.19% | $315,920 | 5.5K |
| 49 | BLKBBLACKBAUD INC | COM | 0.18% | $305,881 | 4.1K |
| 50 | STRATASYS LTD | SHS | 0.16% | $271,874 | 30.6K |
| 51 | CHEER HLDG INC | SHS CL A | 0.13% | $222,729 | 88.0K |
| 52 | REVELYST INC | COM SHS | 0.05% | $84,170 | 4.4K |
| 53 | TH INTERNATIONAL LIMITED | ORDINARY SHARES | 0.02% | $25,347 | 7.1K |
| 54 | UNIVERSAL STAINLESS & ALLOY | COM | 0.01% | $18,140 | 412 |
| 55 | BALLYS CORPORATION | COM | 0.01% | $12,612 | 705 |
Filing History
Other Included Managers
This filing reports holdings on behalf of 2 additional managers.
- Caisse Federale de Credit Mutuel
- Groupe la Francaise
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 ↗.