Magnetar Funds Report September 2025 Dispositions of CoreWeave (CRWV)
Rhea-AI Filing Summary
Magnetar-affiliated holders reported sales of CoreWeave (CRWV) Class A common stock on 09/18/2025. The filing shows a series of dispositions totaling 176,512 shares sold across multiple transactions at weighted-average prices with reported price ranges from $120.06 to $123.06. The report lists multiple remaining beneficial ownership amounts after the sales for different fund holdings, including figures such as 4,624,172, 4,604,152 and 1,098,337 shares, reflecting the positions held indirectly by Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC and Purpose Alternative Credit Fund - T LLC. The filing is signed by an attorney-in-fact on behalf of the Magnetar reporting group.
Positive
- Detailed disclosure of control relationships among Magnetar entities clarifies who holds and manages the positions
- Post-transaction beneficial ownership figures provided, enabling investors to see remaining indirect holdings by each fund
Negative
- Significant dispositions totaling 176,512 shares could reduce institutional voting stake or signal portfolio rebalancing
- Sales occurred across a price range which may indicate multiple executed blocks rather than single negotiated transactions
Insights
TL;DR: Magnetar entities executed sizeable 09/18/2025 dispositions totaling 176,512 CRWV shares across price bands near $120–$123.
The transactions represent multiple block sales by Magnetar-affiliated funds and related entities rather than derivative exercises. The filing provides weighted-average prices and price ranges for the trades and discloses post-transaction beneficial ownership by the funds. For investors, the material point is the aggregate size of the disposals and the continued indirect ownership across three funds. The filing contains clear disclosure of the chain of control among Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC and David J. Snyderman along with disclaimers of beneficial ownership limited to pecuniary interest.
TL;DR: The Form 4 documents routine insider sales by an institutional holder and clarifies control relationships among reporting entities.
The Form 4 is detailed on ownership structure and identifies the specific funds that directly hold the sold securities. Signatures are provided by an attorney-in-fact, fulfilling filing formalities. The disclosure of indirect ownership and customary disclaimers is consistent with standard Section 16 reporting. No derivative instruments or new governance actions are reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 69,383 | $120.38 | $8.35M |
| Sale | Class A Common Stock | 17,978 | $121.31 | $2.18M |
| Sale | Class A Common Stock | 2,042 | $122.71 | $251K |
| Sale | Class A Common Stock | 55,893 | $120.38 | $6.73M |
| Sale | Class A Common Stock | 14,489 | $121.31 | $1.76M |
| Sale | Class A Common Stock | 1,639 | $122.71 | $201K |
| Sale | Class A Common Stock | 11,711 | $120.38 | $1.41M |
| Sale | Class A Common Stock | 3,030 | $121.31 | $368K |
| Sale | Class A Common Stock | 347 | $122.71 | $43K |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $120.06 to $121.03, 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 $121.10 to $121.68, inclusive. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $122.40 to $123.06, inclusive. Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of Magnetar Xing He Master Fund Ltd, Purpose Alternative Credit Fund - F LLC and Purpose Alternative Credit Fund - T 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 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 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.