Magnetar funds sell 203,356 CoreWeave (CRWV) shares but retain large stake
Rhea-AI Filing Summary
CoreWeave, Inc. received a Form 4 showing that investment funds advised by Magnetar Financial LLC, a ten percent owner, executed open-market sales of 203,356 shares of Class A Common Stock on April 17. The trades were reported at prices including $118.18 and $120.86 per share, with one tranche sold at a weighted average price across $120.65–$121.29.
After these transactions, the filing lists substantial remaining indirect holdings at various Magnetar-managed vehicles, such as 20,809,143 shares, 8,248,929 shares and other positions across entities including CW Opportunity 2 LP and CW Opportunity LLC. Magnetar entities and David J. Snyderman disclaim beneficial ownership of these shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Magnetar-related funds sold 203,356 CoreWeave shares but kept large positions.
Investment funds advised by Magnetar Financial LLC, identified as ten percent owners, reported open-market sales totaling 203,356 shares of CoreWeave Class A stock. Sale prices clustered around $118.18 and $120.86 per share, with one tranche at a weighted average between $120.65 and $121.29.
The transactions are pure disposals (all coded S) with no accompanying option exercises or grants, so they represent net selling activity. However, the filing still shows sizeable indirect holdings, including positions of 20,809,143 and 8,248,929 shares at specific Magnetar-managed funds, indicating the group remains a major shareholder.
The shares are held across multiple funds such as CW Opportunity 2 LP and CW Opportunity LLC, and Magnetar entities plus David J. Snyderman formally disclaim beneficial ownership beyond pecuniary interests. The net effect is a notable but context-limited reduction in a large institutional holder’s stake, without additional information on motives or trading plans.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 13,236 | $118.18 | $1.56M |
| Sale | Class A Common Stock | 4,437 | $120.86 | $536K |
| Sale | Class A Common Stock | 40,851 | $118.18 | $4.83M |
| Sale | Class A Common Stock | 13,715 | $120.86 | $1.66M |
| Sale | Class A Common Stock | 5,356 | $118.18 | $633K |
| Sale | Class A Common Stock | 1,798 | $120.86 | $217K |
| Sale | Class A Common Stock | 554 | $118.18 | $65K |
| Sale | Class A Common Stock | 184 | $120.86 | $22K |
| Sale | Class A Common Stock | 11,939 | $118.18 | $1.41M |
| Sale | Class A Common Stock | 4,006 | $120.86 | $484K |
| Sale | Class A Common Stock | 16,390 | $118.18 | $1.94M |
| Sale | Class A Common Stock | 5,500 | $120.86 | $665K |
| Sale | Class A Common Stock | 20,545 | $118.18 | $2.43M |
| Sale | Class A Common Stock | 6,898 | $120.86 | $834K |
| Sale | Class A Common Stock | 4,642 | $118.18 | $549K |
| Sale | Class A Common Stock | 1,555 | $120.86 | $188K |
| Sale | Class A Common Stock | 17,477 | $118.18 | $2.07M |
| Sale | Class A Common Stock | 5,866 | $120.86 | $709K |
| Sale | Class A Common Stock | 10,771 | $118.18 | $1.27M |
| Sale | Class A Common Stock | 3,617 | $120.86 | $437K |
| Sale | Class A Common Stock | 8,677 | $118.18 | $1.03M |
| Sale | Class A Common Stock | 2,912 | $120.86 | $352K |
| Sale | Class A Common Stock | 1,818 | $118.18 | $215K |
| Sale | Class A Common Stock | 612 | $120.86 | $74K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $120.65 to $121.29, inclusive. The reporting person undertakes to provide to CoreWeave, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of CW Opportunity 2 LP, CW Opportunity LLC, Longhorn Special Opportunities Fund LP, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar Longhorn Fund LP, Magnetar SC Fund Ltd, Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC, and Purpose Alternative Credit Fund - T LLC, the general partner of Magnetar Structured Credit Fund, LP and the manager of Magnetar Alpha Star Fund LLC and Magnetar Lake Credit Fund LLC (collectively, the "Magnetar Funds"). Magnetar Capital Partners LP ("Magnetar Capital Partners") is the sole member and parent holding company of Magnetar Financial. Supernova Management LLC ("Supernova Management") is the general partner of Magnetar Capital Partners. The administrative manager of Supernova Management is David J. Snyderman, a citizen of the United States of America. Each of the Magnetar Funds, Magnetar Financial, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaims beneficial ownership of these shares of Common Stock of the Issuer, except to the extent of its or his pecuniary interest therein. These securities are held directly by CW Opportunity 2 LP. These securities are held directly by CW Opportunity LLC. These securities are held directly by Magnetar Alpha Star Fund LLC. These securities are held directly by Magnetar Capital Master Fund, Ltd. These securities are held directly by Magnetar Constellation Master Fund, Ltd. These securities are held directly by Magnetar Lake Credit Fund LLC. These securities are held directly by Magnetar Longhorn Fund LP. These securities are held directly by Magnetar SC Fund Ltd. These securities are held directly by Magnetar Structured Credit Fund, LP. These securities are held directly by Magnetar Xing He Master Fund Ltd. These securities are held directly by Purpose Alternative Credit Fund - F LLC. These securities are held directly by Purpose Alternative Credit Fund - T LLC. These securities are held directly by Longhorn Special Opportunities Fund LP.