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Stocks•9 May 2026•

1 min read

Magnetar Funds Divest Over 1.36 Million Shares in CoreWeave

Key Facts

1Magnetar-affiliated funds sold a total of 1,202,656 Class A shares of CoreWeave on May 6, 2026.

2The funds executed an additional sale of 159,168 shares on May 7, 2026, at a weighted average price of $129.73.

3Magnetar entities still retain substantial indirect holdings exceeding 18 million shares following these transactions.

Funds affiliated with Magnetar Financial have disclosed significant sales of CoreWeave (CRWV) shares during early May 2026. The transactions began with the sale of 1,202,656 Class A shares on May 6, followed by an additional disposal of 159,168 shares the following day. These subsequent sales were executed at a weighted average price of $129.73 per share, with overall transaction prices ranging between $129 and $138. Despite this partial divestment, Magnetar entities continue to maintain a substantial indirect position exceeding 18 million shares. These moves represent a strategic reduction by a 10% owner, potentially signaling profit-taking at current valuation levels. Market participants often view such large-scale insider selling as a benchmark for local price ceilings in the cloud computing sector.