Magnetar funds sell calls on CoreWeave (CRWV) tied to 2M shares
Rhea-AI Filing Summary
CoreWeave, Inc. reported a Form 4 showing that investment funds advised by entities associated with Magnetar Financial LLC entered into a series of open-market sales of call options on June 1, 2026. These derivative sales cover an aggregate of 2,000,000 shares of CoreWeave Class A Common Stock, with a conversion or exercise price of $170.0000 per share and an exercise and expiration date of December 18, 2026.
The positions are held indirectly through multiple Magnetar-managed vehicles, including CW Opportunity 2 LP and other Magnetar Funds, which are advised or managed by Magnetar Financial and its affiliates. Magnetar Financial, Magnetar Capital Partners, Supernova Management and David J. Snyderman each disclaim beneficial ownership of the issuer’s common stock except to the extent of their pecuniary interests.
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Insights
Magnetar-managed funds sold call options tied to 2M CoreWeave shares.
Investment funds advised by Magnetar Financial reported selling call options referencing 2,000,000 shares of CoreWeave Class A Common Stock. The options have a $170.0000 per share exercise price and mature on December 18, 2026, indicating a sizable derivative exposure rather than immediate stock sales.
All positions are held indirectly through various Magnetar Funds, and Magnetar entities plus David J. Snyderman disclaim beneficial ownership except for pecuniary interests. The filing does not show remaining derivative positions beyond these, and no Rule 10b5-1 trading plan is referenced in the provided data.
Overall this is a net-sell derivative transaction pattern, but its significance depends on CoreWeave’s total float and Magnetar-related holdings, which are not detailed here. Subsequent company or insider filings may provide additional context on how these options relate to broader ownership and risk management strategies.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Call option (obligation to sell) | 190,937 | $3,837,833.70 | $732.78B |
| Sale | Call option (obligation to sell) | 605,488 | $12,170,308.80 | $7368.98B |
| Sale | Call option (obligation to sell) | 13,794 | $277,259.40 | $3.82B |
| Sale | Call option (obligation to sell) | 8,205 | $164,920.50 | $1.35B |
| Sale | Call option (obligation to sell) | 176,952 | $3,556,735.20 | $629.37B |
| Sale | Call option (obligation to sell) | 242,937 | $4,883,033.70 | $1186.27B |
| Sale | Call option (obligation to sell) | 304,519 | $6,120,831.90 | $1863.91B |
| Sale | Call option (obligation to sell) | 259,036 | $5,206,623.60 | $1348.70B |
| Sale | Call option (obligation to sell) | 42,584 | $855,938.40 | $36.45B |
| Sale | Call option (obligation to sell) | 128,603 | $2,584,920.30 | $332.43B |
| Sale | Call option (obligation to sell) | 26,945 | $541,594.50 | $14.59B |
Footnotes (1)
- 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, Magnetar Longhorn Fund LP, 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 DBA Magnetar Constellation Onshore Fund (They are not separate legal entities) 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 Structured Credit Fund, LP DBA Magnetar Constellation Onshore Fund. They are not separate legal entities. 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.