Magnetar-advised funds trim CoreWeave (CRWV) stake with 587K-share sale
Rhea-AI Filing Summary
CoreWeave, Inc. major shareholder funds advised by Magnetar Financial LLC reported multiple open-market sales of Class A Common Stock. The filing shows a net sale of 587,010 shares across 30 transactions by investment funds for which Magnetar Financial acts as investment adviser.
Sale prices ranged around $129–$133 per share, including weighted-average prices disclosed in the footnotes. After these trades, individual Magnetar-advised vehicles still report multi-million-share positions, such as 17,906,250 shares, 6,788,963 shares and 4,160,825 shares held following specific transactions.
Positive
- None.
Negative
- None.
Insights
Magnetar-advised funds executed sizable but portfolio-style CoreWeave share sales.
Investment funds advised by Magnetar Financial LLC collectively sold 587,010 shares of CoreWeave Class A stock in 30 open‑market transactions. Prices clustered around $129–$133 per share, with one block disclosed at a weighted‑average $129.73.
The footnotes clarify these positions are held by specific Magnetar funds and that Magnetar entities, including David J. Snyderman, disclaim beneficial ownership beyond their pecuniary interest. Reported post‑trade balances such as 17,906,250 and 6,788,963 shares indicate the funds retain large stakes, suggesting these sales reflect portfolio adjustments rather than a full exit.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 66,918 | $129.73 | $8.68M |
| Sale | Class A Common Stock | 984 | $130.00 | $128K |
| Sale | Class A Common Stock | 1,475 | $131.00 | $193K |
| Sale | Class A Common Stock | 1,966 | $132.00 | $260K |
| Sale | Class A Common Stock | 1,966 | $133.00 | $261K |
| Sale | Class A Common Stock | 212,202 | $129.73 | $27.53M |
| Sale | Class A Common Stock | 3,116 | $130.00 | $405K |
| Sale | Class A Common Stock | 4,672 | $131.00 | $612K |
| Sale | Class A Common Stock | 6,228 | $132.00 | $822K |
| Sale | Class A Common Stock | 6,228 | $133.00 | $828K |
| Sale | Class A Common Stock | 2,876 | $129.73 | $373K |
| Sale | Class A Common Stock | 42 | $130.00 | $5K |
| Sale | Class A Common Stock | 63 | $131.00 | $8K |
| Sale | Class A Common Stock | 84 | $132.00 | $11K |
| Sale | Class A Common Stock | 84 | $133.00 | $11K |
| Sale | Class A Common Stock | 62,016 | $129.73 | $8.05M |
| Sale | Class A Common Stock | 910 | $130.00 | $118K |
| Sale | Class A Common Stock | 1,365 | $131.00 | $179K |
| Sale | Class A Common Stock | 1,820 | $132.00 | $240K |
| Sale | Class A Common Stock | 1,820 | $133.00 | $242K |
| Sale | Class A Common Stock | 85,142 | $129.73 | $11.05M |
| Sale | Class A Common Stock | 1,250 | $130.00 | $163K |
| Sale | Class A Common Stock | 1,875 | $131.00 | $246K |
| Sale | Class A Common Stock | 2,500 | $132.00 | $330K |
| Sale | Class A Common Stock | 2,500 | $133.00 | $333K |
| Sale | Class A Common Stock | 106,724 | $129.73 | $13.85M |
| Sale | Class A Common Stock | 1,566 | $130.00 | $204K |
| Sale | Class A Common Stock | 2,350 | $131.00 | $308K |
| Sale | Class A Common Stock | 3,134 | $132.00 | $414K |
| Sale | Class A Common Stock | 3,134 | $133.00 | $417K |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $129.00 to $129.75, 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, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, and Magnetar Longhorn Fund LP, and the manager of 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 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.