Cadence Design Systems

CDNS • NASDAQ

Cadence Design Systems is a software - application company in the technology sector on NASDAQ, led by Anirudh Devgan, with a market cap of $88.0B. As of Q3 2025, 84% of shares are held by 1,330 institutional investors, with BlackRock, Inc. as the largest holder at 10.58%.

CEOAnirudh Devgan

Market Cap$88.0B

Software - Application

Technology

Employees11.2K

Websitecadence.com

Country

United States of America

Overview

Overview of institutional ownership in CDNS as of Q3 2025 with a market cap of $95.7B

All Institutions

Institutions: 1,330
Value Held: $80.1B
Shares Held: 228.4M
Avg Position: $60.2M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 68
Value Held: $2.0B
Shares Held: 5.7M
Avg Position: $29.4M
Median Position: $4.4M

Ownership Breakdown

Institutional (non-HF)

81.63%

$78.1B

Hedge Funds

2.09%

$2.0B

Retail & Other

16.29%

$15.6B

Based on market cap of $95.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CDNS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$10.1B 0.18% of portfolio	10.58% 28.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$9.5B 0.14% of portfolio	9.88% 26.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$4.4B 0.15% of portfolio	4.58% 12.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FMR LLC Institution	-	$3.3B 0.17% of portfolio	3.46% 9.4M shares	Q3 2017 Held for 8y 2m	$1.92T
JENNISON ASSOCIATES LLC Long Only Manager	Jeffrey Todd Becker CEO	$3.1B 1.79% of portfolio	3.20% 8.7M shares	Q4 2021 Held for 3y 11m	$171.73B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$2.6B 0.17% of portfolio	2.77% 7.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$1.9B 0.58% of portfolio	1.95% 5.3M shares	Q2 2015 Held for 10y 5m	$322.72B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.7B 0.11% of portfolio	1.82% 5.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$1.6B 0.51% of portfolio	1.69% 4.6M shares	≤ Q2 2013 Held for 12y 5m+	$317.45B
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$1.4B 0.35% of portfolio	1.45% 3.9M shares	Q4 2016 Held for 8y 11m	$395.36B

Net Capital Flow

Institutional buying and selling activity for CDNS in Q3 2025

Traded: +$803.1M
Buyers: 714
Sellers: 553
Total Bought: +$5.1B
Total Sold: −$4.3B
Avg Position: $55.9M

Biggest Buyers

Institution	Net Bought	Current Position
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$410.5M +1.2M shares	$2.6B 7.5M shares
FMR LLC Institution	+$407.3M +1.2M shares	$3.3B 9.4M shares
Winslow Capital Management, LLC Long Only Manager	+$374.5M +1.1M shares	$374.5M 1.1M shares
GOLDMAN SACHS GROUP INC Institution	+$261.4M +744.3K shares	$1.0B 2.9M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	+$257.0M +731.8K shares	$1.9B 5.3M shares
JPMORGAN CHASE & CO Institution	+$238.5M +679.1K shares	$1.7B 5.0M shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$218.8M +622.9K shares	$242.7M 691.1K shares
Invesco Ltd. ETF Provider	+$175.3M +499.0K shares	$1.0B 2.9M shares
C Close Asset Management Ltd Institution	+$169.7M +483.0K shares	$199.1M 566.7K shares
PRUDENTIAL FINANCIAL INC Institution	+$137.2M +390.5K shares	$191.6M 545.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
NORDEA INVESTMENT MANAGEMENT AB Institution	−$383.8M −1.1M shares	$241.1M 692.1K shares
B BlackRock, Inc. Institution	−$372.0M −1.1M shares	$10.1B 28.8M shares
A AXA Institution	−$325.9M −1.1M shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$291.7M −830.5K shares	$1.3B 3.8M shares
JENNISON ASSOCIATES LLC Long Only Manager	−$213.0M −606.5K shares	$3.1B 8.7M shares
B Bank Julius Baer & Co. Ltd, Zurich Institution	−$164.8M −469.2K shares	$280.3M 798.0K shares
VAN ECK ASSOCIATES CORP ETF Provider	−$123.8M −352.5K shares	$1.1B 3.2M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$106.3M −302.5K shares	$1.6B 4.6M shares
FRANKLIN RESOURCES INC Institution	−$105.7M −300.9K shares	$1.4B 3.9M shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$102.3M −291.1K shares	$90.5M 257.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CDNS in Q3 2025

New Positions: 69
New Value: $440.2M
Exited Positions: 103
Exited Value: $597.1M

New Positions

Institution	Position Value
Winslow Capital Management, LLC Long Only Manager	$374.5M 1.1M shares
APPLETON PARTNERS INC/MA RIA/Wealth	$13.2M 37.7K shares
D DDD Partners, LLC Institution	$11.6M 32.9K shares
Jackson Square Partners, LLC Long Only Manager	$7.8M 22.1K shares
Aragon Global Management, LP Hedge Fund•Long/Short	$4.6M 13.2K shares
B BDF-GESTION Institution	$4.2M 11.9K shares
P PKO Investment Management Joint-Stock Co RIA/Wealth	$3.3M 9.5K shares
PEAK FINANCIAL ADVISORS LLC RIA/Wealth	$2.5M 7.1K shares
Rezny Wealth Management, Inc. RIA/Wealth	$2.2M 38.5K shares
Maridea Wealth Management LLC RIA/Wealth	$1.8M 5.5K shares

Exited Positions

Institution	Previous Position
A AXA Institution	$325.9M 1.1M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$28.8M 93.6K shares
C Cubist Systematic Strategies, LLC Institution	$27.1M 87.8K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$25.5M 82.8K shares
Bornite Capital Management LP Hedge Fund•Long/Short	$24.7M 80.0K shares
Trexquant Investment LP Hedge Fund•Quant	$21.4M 69.4K shares
C Concentric Capital Strategies, LP Hedge Fund•Long/Short	$18.1M 58.7K shares
M M & L Capital Management Ltd Institution	$11.9M 38.5K shares
C Capitolis Liquid Global Markets LLC Private Equity	$9.1M 29.4K shares
Hood River Capital Management LLC Long Only Manager	$8.8M 28.5K shares

Options Activity

Institutions with the largest Call and Put options positions in CDNS as of Q3 2025

Call Positions: 40
Call Value: $665.8M
Put Positions: 43
Put Value: $671.9M

Call Positions

Institution	Position Value
GOLDMAN SACHS GROUP INC Institution	$135.6M 3.9K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$122.7M 3.5K contracts
BARCLAYS PLC Institution	$90.0M 2.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$72.5M 2.1K contracts
J JANE STREET GROUP, LLC Institution	$52.4M 1.5K contracts
W WOLVERINE TRADING, LLC Institution	$43.8M 1.3K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$29.0M 8.3 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$22.3M 635.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$19.3M 550.0 contracts
P PEAK6 LLC Institution	$10.7M 306.0 contracts

Put Positions

Institution	Position Value
LEUCADIA NATIONAL CORP Institution	$135.6M 3.9K contracts
BARCLAYS PLC Institution	$109.4M 3.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$96.9M 2.8K contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$52.7M 1.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$48.2M 1.4K contracts
J JANE STREET GROUP, LLC Institution	$35.5M 1.0K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$32.9M 9.4 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$20.3M 577.0 contracts
W WOLVERINE TRADING, LLC Institution	$19.0M 544.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$15.5M 440.0 contracts

Most Committed Institutions

Institutions with CDNS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S Settian Capital LP Institution	-	11.05% $16.3M	0.02% 46.3K shares	Q4 2021 Held for 3y 11m	$147.1M
B Bain Capital Public Equity Management II, LLC Institution	-	7.46% $159.6M	0.17% 454.4K shares	Q1 2023 Held for 2y 8m	$2.1B
Bain Capital Public Equity, LP Hedge Fund•Long/Short	Sally Dee Fassler Dornaus CFO	6.77% $10.7M	0.01% 30.4K shares	Q1 2023 Held for 2y 8m	$157.8M
Science & Technology Partners, L.P. Hedge Fund•Long/Short	Erika Leigh Klauer CEO	5.81% $20.5M	0.02% 58.3K shares	Q2 2025 Held for 5 months	$352.2M
C CYPRESS FUNDS LLC Hedge Fund•Long/Short	Robert Marvin Miller Member	5.74% $43.8M	0.05% 124.8K shares	Q4 2023 Held for 1y 11m	$763.2M
S Stonehage Fleming Financial Services Holdings Ltd Institution	-	5.61% $197.9M	0.21% 563.5K shares	Q4 2020 Held for 4y 11m	$3.5B
NZS Capital, LLC Hedge Fund•Sector	Brinton Eugene Johns Founder	5.52% $180.1M	0.19% 512.7K shares	Q2 2021 Held for 4y 5m	$3.3B
V Veritas Investment Partners Ltd. Institution	-	5.47% $285.5M	0.30% 812.7K shares	Q3 2024 Held for 1y 2m	$5.2B
LOUNTZIS ASSET MANAGEMENT, LLC Hedge Fund•Value	Apostolos Paul John Lountzis President	5.12% $15.6M	0.02% 44.4K shares	Q1 2025 Held for 8 months	$304.7M
C Close Asset Management Ltd Institution	-	4.46% $199.1M	0.21% 566.7K shares	Q2 2024 Held for 1y 5m	$4.5B

Hedge Fund Spotlight

Discover hedge funds investing in CDNS

Qtron Investments LLC

Hedge Fund • Quant

Portfolio ManagerDmitri Nmn Kantsyrev

Portfolio Value: $806.3M
Positions: 406
Last Reported: Q3 2025

Sector Allocation

Position in Cadence Design Systems

Market Value: $528.3K
Shares Held: 1.5K
Portfolio Weight: 0.07%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$54.0M	6.70%
2 Apple AAPL	Consumer Electronics Technology	$43.8M	5.43%
3 Microsoft MSFT	Software - Infrastructure Technology	$43.0M	5.33%