Magnetar funds trim CoreWeave (CRWV) stake with 2,604,094-share sale
Rhea-AI Filing Summary
CoreWeave, Inc. saw large open-market sales of its Class A Common Stock by investment funds advised by Magnetar Financial LLC and related entities. On April 15, 2026, these Magnetar-managed vehicles sold a combined 2,604,094 shares in 27 open-market transactions.
The reported weighted average sale prices clustered around $117.79, $118.57, and $119.34 per share, with actual trades occurring within narrow ranges around each figure. After the sales, individual Magnetar-associated funds continued to hold multi‑million‑share positions in CoreWeave, and Magnetar and its affiliates formally disclaim beneficial ownership beyond their pecuniary interests.
Positive
- None.
Negative
- None.
Insights
Magnetar-advised funds sold 2.6M CoreWeave shares but retain large positions.
Investment funds advised by Magnetar Financial executed 27 open-market sales totaling 2,604,094 shares of CoreWeave Class A on April 15, 2026. Sale prices were tightly grouped around $118 per share, indicating block-style liquidity management rather than scattered retail-sized trades.
These are strong-signal sales (code S) by a disclosed ten percent owner group, but the filing also shows multi‑million‑share positions remaining at several Magnetar-related funds. Because the filing does not quantify CoreWeave’s total shares outstanding, the overall impact on ownership structure or float cannot be precisely gauged from this data alone.
Footnotes clarify that individual Magnetar entities and David J. Snyderman disclaim beneficial ownership except for their pecuniary interests. The absence of any reference to a Rule 10b5‑1 trading plan means the timing appears discretionary based solely on this disclosure, though broader motivations are not addressed here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 15,211 | $117.79 | $1.79M |
| Sale | Class A Common Stock | 199,009 | $118.57 | $23.60M |
| Sale | Class A Common Stock | 48,883 | $119.34 | $5.83M |
| Sale | Class A Common Stock | 46,955 | $117.79 | $5.53M |
| Sale | Class A Common Stock | 614,287 | $118.57 | $72.84M |
| Sale | Class A Common Stock | 150,886 | $119.34 | $18.01M |
| Sale | Class A Common Stock | 6,154 | $117.79 | $725K |
| Sale | Class A Common Stock | 80,533 | $118.57 | $9.55M |
| Sale | Class A Common Stock | 19,784 | $119.34 | $2.36M |
| Sale | Class A Common Stock | 638 | $117.79 | $75K |
| Sale | Class A Common Stock | 8,340 | $118.58 | $989K |
| Sale | Class A Common Stock | 2,048 | $119.34 | $244K |
| Sale | Class A Common Stock | 13,721 | $117.79 | $1.62M |
| Sale | Class A Common Stock | 179,523 | $118.57 | $21.29M |
| Sale | Class A Common Stock | 44,095 | $119.34 | $5.26M |
| Sale | Class A Common Stock | 18,838 | $117.79 | $2.22M |
| Sale | Class A Common Stock | 246,468 | $118.57 | $29.22M |
| Sale | Class A Common Stock | 60,539 | $119.34 | $7.22M |
| Sale | Class A Common Stock | 23,617 | $117.79 | $2.78M |
| Sale | Class A Common Stock | 308,952 | $118.57 | $36.63M |
| Sale | Class A Common Stock | 75,886 | $119.34 | $9.06M |
| Sale | Class A Common Stock | 5,334 | $117.79 | $628K |
| Sale | Class A Common Stock | 69,798 | $118.57 | $8.28M |
| Sale | Class A Common Stock | 17,147 | $119.34 | $2.05M |
| Sale | Class A Common Stock | 20,089 | $117.79 | $2.37M |
| Sale | Class A Common Stock | 262,805 | $118.57 | $31.16M |
| Sale | Class A Common Stock | 64,554 | $119.34 | $7.70M |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $117.06 to $118.00, 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 and in footnotes 2 and 3. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $118.20 to $119.11, inclusive. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $119.20 to $119.50, inclusive. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of CW Opportunity LLC, CW Opportunity 2 LP, Magnetar Capital Master Fund, Ltd, Magnetar Constellation Master Fund, Ltd, Magnetar Longhorn Fund LP and Magnetar SC Fund Ltd, 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.