Nikko Asset Management Americas Takes 3.5% Passive Stake in CareDx

TL;DR

**Nikko Asset Management Americas just bought 3.5% of CareDx, signaling institutional interest.**

AI Summary

Nikko Asset Management Americas, Inc. has reported an initial passive stake in CareDx, Inc. (NASDAQ: CDNA) as of December 31, 2023. This filing indicates that Nikko Asset Management Americas, Inc. now beneficially owns 1,939,531 shares of CareDx's common stock, representing 3.5% of the company's outstanding shares. This matters to investors because a significant institutional investor has taken a position, potentially signaling confidence in CareDx's future, which could influence other investors.

Why It Matters

This filing reveals a new institutional investor, Nikko Asset Management Americas, Inc., has acquired a notable stake in CareDx, Inc., which can be interpreted as a vote of confidence in the company's prospects.

Risk Assessment

Risk Level: low — This is a passive stake, meaning the investor is not seeking to influence management, which typically carries lower risk for existing shareholders.

Analyst Insight

A smart investor would view this as a positive signal, suggesting institutional confidence in CareDx, Inc., and might consider further research into the company's fundamentals and recent performance.

Key Numbers

• 1,939,531 — Shares Beneficially Owned (The total number of CareDx shares held by Nikko Asset Management Americas, Inc.)
• 3.5% — Ownership Percentage (The percentage of CareDx's common stock owned by Nikko Asset Management Americas, Inc.)
• December 31, 2023 — Event Date (The date when the ownership threshold was met, triggering the filing.)

Key Players & Entities

• CareDx, Inc. (company) — the subject company of the filing
• Nikko Asset Management Americas, Inc. (company) — the reporting person who acquired shares
• 1,939,531 shares (dollar_amount) — the total number of shares beneficially owned by Nikko Asset Management Americas, Inc.
• 3.5% (dollar_amount) — the percentage of CareDx's class of securities owned by Nikko Asset Management Americas, Inc.
• December 31, 2023 (date) — the date of the event which required the filing

Forward-Looking Statements

• Other institutional investors may take notice of Nikko Asset Management Americas' stake and potentially initiate or increase their own positions in CareDx, Inc. (CareDx, Inc.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.001 — x Inc. (Name of Issuer) Common Stock, $0.001 Par Value (Title of Class of Securitie

Filing Documents

• ef20021444_sc13g.htm (SC 13G) — 59KB
• 0001140361-24-007076.txt ( ) — 61KB

From the Filing

SC 13G 1 ef20021444_sc13g.htm SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. n/a)* CareDx Inc. (Name of Issuer) Common Stock, $0.001 Par Value (Title of Class of Securities) 14167L103 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 1 NAMES OF REPORTING PERSONS Nikko Asset Management Americas, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 2,033,682 7 SOLE DISPOSITIVE POWER 8 SHARED DISPOSITIVE POWER 2,874,899 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,874,899 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.31% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA Item 1. (a) Name of Issuer CareDx Inc. (b) Address of Issuer's Principal Executive Offices 8000 Marina Blvd, 4 th Floor Brisbane, CA 94005 Item 2. (a) Name of Person Filing Nikko Asset Management Americas, Inc. (b) Address of Principal Business Office or, if none, Residence 605 Third Avenue, 38 th Floor, New York, NY 10158 (c) Citizenship USA (d) Title of Class of Securities Common Stock (e) CUSIP Number 14167L103 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,874,899 (b) Percent of class: 5.31% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 2,033,682 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 2,874,899 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . Item 6. See Exhibit A. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company See Exhibit A. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinsary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant i

View Full Filing

View this SC 13G filing on SEC EDGAR