Carmignac Gestion purchased a new stake of 364,500 shares in Credo Technology Group Holding Ltd. during the first quarter, a Form 13F filing with the US Securities and Exchange Commission shows. The position is valued at approximately $34,216,000 and equates to about 0.20% of Credo’s outstanding stock as reported in the filing.
Institutional appetite and shifting stakes
The filing highlights a wider reshuffle among major asset managers. Several institutions increased their holdings in Credo over the same period, signalling notable interest from professional investors:
- NewEdge Advisors LLC boosted its holding by 128.4%, adding 3,972 shares and reaching 7,066 shares (worth roughly $284,000 in Q1).
- Goldman Sachs Group Inc. increased its stake by 63.0%, acquiring an extra 589,151 shares to hold 1,524,788 shares (valued at about $61.2m).
- UBS AM (a unit of UBS Asset Management Americas LLC) added 7,107 shares, a 2.3% rise to 310,763 shares (around $12.48m).
- Smaller moves include a new position by CW Advisors LLC in Q2 (~$288,000) and a large percentage increase by EverSource Wealth Advisors LLC late in Q2.
Concentration and insider activity
The SEC filing also notes that institutional investors collectively own roughly 80.46% of the company’s stock. Such concentration can affect liquidity, voting outcomes and how the market interprets company news.
| Investor | Change | Holding (shares) | Approx. value |
|---|---|---|---|
| Carmignac Gestion | New stake | 364,500 | $34,216,000 |
| Goldman Sachs Group Inc. | +63.0% | 1,524,788 | $61,235,000 |
| UBS AM | +2.3% | 310,763 | $12,480,000 |
| NewEdge Advisors LLC | +128.4% | 7,066 | $284,000 |
The filing also records insider selling: Credo’s chief financial officer, Daniel W. Fleming, sold 7,580 shares in a transaction dated 8 July. The disclosure is partial in the filing summary and the full reporting trail should be consulted for timing and price details.
Why the holdings matter
Large purchases by asset managers can be read in several ways: a signal of conviction in the company’s prospects, a rebalancing of a fund’s portfolio, or an opportunistic trade based on recent price movements. When high-profile managers such as Goldman Sachs and Carmignac are both active, markets often take notice because such investors bring scale and can influence supply-demand dynamics for a stock.
For observers and smaller investors, the combination of rising institutional stakes and insider selling is worth monitoring. High institutional ownership means that any coordinated buying or selling by these funds could move the share price; insider sales, depending on scale and timing, can be interpreted as routine liquidity or as a signal to watch.
Regulatory filings like Form 13F provide a periodic snapshot rather than a real-time view. Investors seeking a complete picture should consult the full SEC filings, company announcements and market data for up-to-date valuations and to understand the context of these transactions.
