Gf Fund Management 13F: Cuts CBRS Stake by $52M
Key Points
- Gf Fund Management reported a total value of $4.25 billion in its portfolio, with Cerebras now representing just 0.03% of that total.
- Gf Fund Management held 6,000 $CBRS shares at quarter end, down 97.99% from the prior quarter.
- Cerebras Systems shares recently traded around $108.34, which is 2.2% below the closing price of $110.82 on October 23, 2026.
- Analysts maintain a strong buy recommendation for Cerebras, with a mean price target of $282.55, significantly above the recent trading price.
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Gf Fund Management cut its position in Cerebras Systems Inc. (CBRS) by 291,940 shares, reducing its stake to 6,000 shares valued at approximately $1,065,900. This change was disclosed in a filing on October 26, 2026, covering the quarter that ended September 30, 2026.
CBRS
Cerebras Systems Inc.
Where Cerebras Systems Fits in Gf Fund Management's Portfolio
Cerebras now represents 0.03% of Gf Fund Management's total reported value of $4.25 billion. The fund ranks 49th out of 616 positions, showing a significant reduction of about 97.99% in its holdings.
Other Institutional Activity in Cerebras Systems
Eclipse Operations, LLC increased its holdings by 5,723,135 shares, bringing its total to 11,446,270 shares worth about $1.24 billion. Altimeter Capital Management, LP also added 3,612,518 shares, totaling 7,225,037 shares valued at approximately $783 million. Coatue Management LLC grew its stake by 3,505,514 shares to 7,011,028 shares worth about $760 million.
Cerebras Systems Inc. Stock Down 2.2%
Cerebras Systems shares closed at $110.82 on October 23, 2026, but have recently traded around $108.34, which is about 2.2% lower than the closing price. The stock is currently far below its 52-week high of $386.34, trading about 72% lower than that peak.
Recent Earnings
Cerebras reported trailing twelve-month revenue of $680.7 million, with a year-over-year revenue growth of 74.3%. The next earnings report is expected on November 12, 2026.
Insider Buying and Selling at Cerebras Systems Inc.
Several insiders have sold shares recently. Chief Technology Officer Sean Lie sold 120,000 shares on September 25, 2026, while Chief Operating Officer Dhiraj Mallick sold 396,000 shares on September 29, 2026. Their total sales were valued at approximately $80.8 million and $25.1 million, respectively.
Analysts Set New Price Targets
On October 19, 2026, TD Cowen maintained a "Buy" rating with a price target of $175.00, while Freedom Capital Markets upgraded its rating to "Buy" with a target of $209.00 on October 2, 2026. The consensus among analysts is a strong buy with a mean target of $282.55 from 11 opinions.
About Cerebras Systems
Cerebras Systems Inc. is a technology company based in Sunnyvale, California. It designs and manufactures AI infrastructure, including a unique chip that aims to outperform GPUs in speed and performance for AI applications. This recent reduction in stake highlights a shift in Gf Fund Management's investment strategy.
Bottom Line
Investors should watch for Cerebras' upcoming earnings report on November 12, 2026, as well as any further adjustments in Gf Fund Management's position. The significant cut in their stake reflects changing dynamics in the semiconductor sector and investor sentiment.
Related Filing Alerts
Source: Gf Fund Management's 13F filing on $CBRS (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts