News Summary
PositiveCerebras delivered a strong Q2 2026 with revenue more than doubling to $210M and raised full-year guidance to $880-890M, with cloud business nearly quadrupling YoY and major partnerships expanding (AMD, AWS, OpenAI >$20B deal). However, the company swung to a $450.5M net loss despite revenue growth, and the stock initially fell 14% post-earnings despite analyst upgrades maintaining Buy ratings with $275-300 price targets.
Red flags
- •Net loss of $450.5M in Q2 despite strong revenue growth indicates significant profitability headwinds
- •Stock declined 14% immediately after earnings despite beat and guidance raise, suggesting investor concern about valuation or path to profitability
Funds Buying (7)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Coatue Management | Philippe Laffont | 7.0M | +7.0M | $1.5B | 3.2% | — | NEW |
| Tiger Global | Chase Coleman | 3.0M | +3.0M | $663M | 2.8% | — | NEW |
| Dragoneer | Marc Stad | 400K | +400K | $88M | 3.1% | — | NEW |
| Soros Fund Management | Soros Family Office | 150K | +150K | $33M | 0.4% | — | NEW |
| D1 Capital | Dan Sundheim | 150K | +150K | $33M | <0.1% | — | NEW |
| Point72 | Steve Cohen | 130K | +130K | $29M | <0.1% | — | NEW |
| Whale Rock Capital | Alex Sacerdote | 51K | +51K | $11M | <0.1% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where CBRS ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #6 of this fund's book
- 3AMAZON COM INC$303M
- 4INNIO NV$113M
- 5KLARNA GROUP PLC$98M
- 6CEREBRAS SYSTEMS INC$88M
- 7CHIME FINL INC$88M
- 8SERVICETITAN INC$71M
- 9NU HLDGS LTD$66M
position #12 of this fund's book
- 9GE VERNOVA INC$937M
- 10MICROSOFT CORP$846M
- 11CORPAY INC$716M
- 12CEREBRAS SYSTEMS INC$663M
- 13BROADCOM INC$663M
- 14COUPANG INC$633M
- 15INTEL CORP$594M
position #12 of this fund's book
- 9EATON CORP PLC$2,117M
- 10ALPHABET INC$1,735M
- 11INTEL CORP$1,687M
- 12CEREBRAS SYSTEMS INC$1,549M
- 13META PLATFORMS INC$1,423M
- 14EQUINIX INC$1,327M
- 15NVIDIA CORPORATION$1,212M
position #35 of this fund's book
- 32APPLE INC$29M
- 33SPACE EXPLORATION TECHN CORP$26M
- 34BROADCOM INC$23M
- 35CEREBRAS SYSTEMS INC$11M
Values are quarter-end position sizes. Shown only for funds where CBRS ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Feldman Andrew D. | CEO, President | SELL | 2 | $214.85 | $0.00M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 1K | $215.67 | $0.29M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 2K | $216.40 | $0.49M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 2K | $217.58 | $0.37M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 2K | $218.54 | $0.46M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 2K | $219.58 | $0.52M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 5K | $220.43 | $1.03M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 4K | $221.47 | $0.95M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 2K | $222.42 | $0.45M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 616 | $223.54 | $0.14M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 253 | $224.52 | $0.06M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 420 | $225.51 | $0.09M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 573 | $226.46 | $0.13M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 435 | $227.37 | $0.10M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 119 | $228.53 | $0.03M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 184 | $229.46 | $0.04M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 59 | $230.67 | $0.01M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 304 | $231.57 | $0.07M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 347 | $232.62 | $0.08M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 281 | $233.31 | $0.07M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 739 | $234.47 | $0.17M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 377 | $235.50 | $0.09M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 254 | $236.43 | $0.06M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 14 | $237.23 | $0.00M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 12 | $238.78 | $0.00M | 2026-08-18 | ↗ |
| Feldman Andrew D. | CEO, President | SELL | 970 | $240.01 | $0.23M | 2026-08-18 | ↗ |
| Vishria Eric | — | SELL | 10K | $224.20 | $2.24M | 2026-08-17 | ↗ |
| Vishria Eric | — | SELL | 300 | $227.97 | $0.07M | 2026-08-17 | ↗ |
| Vishria Eric | — | SELL | 41K | $228.34 | $9.45M | 2026-08-17 | ↗ |
| Vishria Eric | — | SELL | 9K | $229.56 | $2.13M | 2026-08-17 | ↗ |
| Vishria Eric | — | SELL | 2K | $230.10 | $0.38M | 2026-08-17 | ↗ |
| Vishria Eric | — | SELL | 6K | $250.30 | $1.42M | 2026-08-17 | ↗ |
| Vassallo Steven | — | SELL | 6K | $216.38 | $1.32M | 2026-08-14 | ↗ |
| Vassallo Steven | — | SELL | 17K | $217.47 | $3.63M | 2026-08-14 | ↗ |
| Vassallo Steven | — | SELL | 12K | $218.46 | $2.59M | 2026-08-14 | ↗ |
| Vassallo Steven | — | SELL | 14K | $219.41 | $3.14M | 2026-08-14 | ↗ |
| Vassallo Steven | — | SELL | 1K | $219.97 | $0.24M | 2026-08-14 | ↗ |
| Mallick Dhiraj | Chief Operating Officer | SELL | 10K | $206.51 | $2.07M | 2026-06-30 | ↗ |
Fund 13D/13G Filings (3)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).
| Fund | Form | ∆ Shares | % of Class | Since Filing | Filed | Src |
|---|---|---|---|---|---|---|
| Altimeter Capital | SC 13G | NEW | 6.2% | -2.4% vs SPY -4.2% abs | 2026-08-14 | ↗ |
| Coatue Management | SC 13G | NEW | 7.1% | -2.4% vs SPY -4.2% abs | 2026-08-14 | ↗ |
| Tiger Global | SC 13G | NEW | 10.0% | -20.8% vs SPY -18.3% abs | 2026-05-22 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| Altimeter Capital Management, LP | SC 13G | 7.2M | 6.2% | 2026-08-14 | ↗ |
| COATUE MANAGEMENT LLC | SC 13G | 7.0M | 7.1% | 2026-08-14 | ↗ |
| Andrew Feldman | SC 13G | 10.4M | 9.2% | 2026-08-14 | ↗ |
| Benchmark Capital Partners VIII, L.P. | SC 13G | 9.3M | 7.7% | 2026-08-14 | ↗ |
| Atreides Management, LP | SC 13G | 10.5M | 10.7% | 2026-08-14 | ↗ |
| Foundation Capital Management Co. VIII, L.L.C. | SC 13G | 14.2M | 12.2% | 2026-08-14 | ↗ |
| JANE STREET GROUP, LLC | SC 13G | 5.2M | 5.1% | 2026-08-13 | ↗ |
| JPMORGAN CHASE & CO. | SC 13G/A | 3.1M | 3.3% | 2026-07-22 | ↗ |
| FMR LLC | SC 13G/A | 28.9M | 25.7% | 2026-07-08 | ↗ |
| Eclipse Continuity GP I, LLC | SC 13D/A | 680K | 0.3% | 2026-06-26 | ↗ |
| FMR LLC | SC 13G | 25.6M | 46.6% | 2026-06-05 | ↗ |
| JPMORGAN CHASE & CO | SC 13G | 3.5M | 10.1% | 2026-06-04 | ↗ |
| Eclipse Continuity GP I, LLC | SC 13D | 800K | 0.4% | 2026-05-22 | ↗ |
| Tiger Global Investments, L.P. | SC 13G | 3.0M | 8.7% | 2026-05-22 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.