Corvex Management Ups GeneDx Stake to 10.4%

TL;DR

Corvex just boosted their GeneDx stake to 10.4% - big move incoming?

AI Summary

CMLS Holdings LLC, managed by Corvex Management LP, has amended its Schedule 13D filing for GeneDx Holdings Corp. on May 31, 2024. The filing indicates a change in beneficial ownership, with CMLS Holdings LLC now holding 13,576,000 shares of Class A common stock, representing approximately 10.4% of the outstanding shares. This amendment reflects a shift in their stake in the company.

Why It Matters

This filing signals a significant increase in ownership by a major investment firm, potentially influencing GeneDx's strategic direction and market perception.

Risk Assessment

Risk Level: medium — Changes in significant beneficial ownership can indicate shifts in investor confidence or strategy, which may impact the stock's volatility.

Key Numbers

• 13,576,000 — Shares Held (Beneficial ownership by CMLS Holdings LLC)
• 10.4% — Ownership Stake (Percentage of GeneDx Holdings Corp. Class A common stock)

Key Players & Entities

• CMLS Holdings LLC (company) — Filing entity
• GeneDx Holdings Corp. (company) — Subject company
• Corvex Management LP (company) — Manager of filing entity
• Eli Casdin (person) — Associated with filing entity
• Keith Meister (person) — Associated with filing entity
• 13,576,000 (dollar_amount) — Number of shares held
• 10.4% (dollar_amount) — Percentage of shares held

FAQ

Key Financial Figures

• $0.0001 — Name of Issuer) Class A common stock, $0.0001 par value per share (Title of Class o
• $379.50 — ble to purchase one Share at a price of $379.50 per share, subject to adjustment, as de
• $23.3059 — d, L.P. Class A Common Stock 50,000 $23.3059 5/23/2024 Casdin Partners Master Fun
• $19.5888 — nd, L.P. Class A Common Stock 7,500 $19.5888 (1) 5/24/2024 Casdin Partners Master
• $20.1178 — , L.P. Class A Common Stock 144,196 $20.1178 (2) 5/28/2024 Casdin Partners Master
• $20.6057 — d, L.P. Class A Common Stock 18,304 $20.6057 5/29/2024 Casdin Partners Master Fun
• $21.0651 — d, L.P. Class A Common Stock 40,000 $21.0651 (3) (1) The price reported in Column
• $19.5662 — ltiple transactions within the range of $19.5662 to $19.6341. The Reporting Person under
• $19.6341 — actions within the range of $19.5662 to $19.6341. The Reporting Person undertakes to pro
• $20 — ltiple transactions within the range of $20 to $20.55. The Reporting Person underta
• $20.55 — transactions within the range of $20 to $20.55. The Reporting Person undertakes to pro
• $20.9752 — ltiple transactions within the range of $20.9752 to $21.1876. The Reporting Person under
• $21.1876 — actions within the range of $20.9752 to $21.1876. The Reporting Person undertakes to pro

Filing Documents

• d11063208_13d-a.htm (SC 13D/A) — 288KB
• 0000919574-24-003430.txt ( ) — 289KB

From the Filing

SC 13D/A 1 d11063208_13d-a.htm UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 7)* GeneDx Holdings Corp. (Name of Issuer) Class A common stock, $0.0001 par value per share (Title of Class of Securities) 81663L200 (CUSIP Number) CMLS Holdings LLC Eli Casdin and Keith Meister c/o Corvex Management LP 667 Madison Avenue New York, New York 10065 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 29, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ]. * 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 disclosures provided in a prior cover page. CUSIP No. 81663L200 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) CMLS Holdings LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 537,285 (1)(2)(3)(9) 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 537,285 (1)(2)(3)(9) 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 537,285 (1)(2)(3)(9) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% (10) 14. TYPE OF REPORTING PERSON HC, OO CUSIP No. 81663L200 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) C-LSH LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 537,285 (1)(2)(3)(9) 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 537,285 (1)(2)(3)(9) 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 537,285 (1)(2)(3)(9) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% (10) 14. TYPE OF REPORTING PERSON HC, OO CUSIP No. 81663L200 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) M-LSH LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 537,285 (1)(2)(3)(9) 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 537,285 (1)(2)(3)(9) 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 537,285 (1)(2)(3)(9) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% (10) 14. TYPE OF REPORTING PERSON HC, OO CUSIP No. 81663L200 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Casdin Capital, LLC 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS AF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 3,396,411 (5)(9) 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 3,396,411 (5)(9) 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,396,411 (5)(9) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.0% (4) 14. TYPE OF REPORTING PERSON IA CUSIP No. 81663L200 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Casdin Partners FO1-MSV, LP 2. CHECK THE AP

View Full Filing

View this SC 13D/A filing on SEC EDGAR