Trexquant Investment 13F: New $76M Stake in CRDO

Trexquant Investment established a brand-new stake in Credo Technology Group Holding Ltd (NASDAQ: CRDO) during the first quarter. According to its latest Form 13F filing with the Securities and Exchange Commission, the investment firm acquired 279,322 shares of the semiconductor specialist. The newly minted position was valued at approximately $75.96 million at the end of the reporting period.

Trexquant Builds a New Position

Trexquant Investment built its position in Credo from scratch, reporting zero shares in the prior quarter. The firm's new holding of 279,322 shares represented a substantial commitment to the high-speed connectivity provider. Because this is a newly initiated position, there is no prior period comparison. Investors should note that 13F filings are backward-looking and show holdings as of the end of the quarter, meaning they might not reflect Trexquant's current portfolio.

Contrasting Moves Among Major Institutional Investors

While Trexquant was busy building its position, other institutional investors took different paths. Earlier in the quarter, Swedbank reduced its exposure to Credo Technology Group. Swedbank cut its holdings by 24.8%, selling off 511,640 shares. This divergence shows that while some major funds are locking in profits, quantitative firms like Trexquant see further opportunity in the chipmaker's growth trajectory.

Credo Stock Performance and Technical Levels

Shares of Credo Technology Group traded at $271.95 on Saturday. The stock has enjoyed a remarkable run, trading far above its 52-week low of $86.49 and close to its 52-week high of $308.67. Credo is also trading comfortably above its key technical benchmarks, including its 50-day moving average of $208.16 and its 200-day moving average of $179.89. The company's market cap sits at $33.55 billion, and it carries a price-to-earnings ratio of 63.3.

High-Speed Growth Drives Earnings

Credo's latest financial results show why institutional investors are taking notice. The company generated revenue of $1.59 billion, which represents a massive 114.7% increase compared to the prior period. Credo also posted a strong return on equity of 30.7% and a net margin of 33.8%, culminating in earnings per share of $2.82. The company is scheduled to report its next quarterly financial results on November 30, 2026.

Wall Street Keeps Positive Outlook

Analysts have closely followed Credo's rapid expansion. On October 15, 2026, Rosenblatt maintained its Neutral rating on the stock with a $235.00 price target. Earlier in October, Stifel maintained a Buy rating, though it trimmed its target from $350.00 to $310.00. Mizuho maintained an Outperform rating on September 21, 2026, setting a target of $245.00. Overall, the stock has a consensus "strong buy" recommendation from 20 analysts, with an average price target of $279.09.

About Credo Technology Group

Credo Technology Group provides high-speed connectivity solutions for optical and electrical Ethernet applications. Founded in 2008 and based in the Cayman Islands, the company designs integrated circuits, active electrical cables, and SerDes chiplets that help data centers and telecom providers manage the heavy bandwidth demands of modern artificial intelligence and cloud computing.

What to Watch at Credo Technology Group Holding Ltd

Market observers will want to watch how Credo performs when it reports earnings on November 30, 2026, to see if its rapid revenue growth can be sustained. Future 13F filings in the coming quarters will also reveal whether Trexquant continues to build on this new position or if other institutional managers follow Swedbank's lead in trimming their stakes.