Vault-13

CARDINAL INFRASTRUCTURE GROU CDNL

CL A · Common Stock · CUSIP 14154A102

158 institutional holders +65 vs Q1 2026
21,988,25522.0m shares reported held*
$2.0bnreported value*
75 new 57 added 24 reduced 10 sold out net bought ≈ $651.6m (+7.0m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($633.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $91.76.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q4 25: 54Q1 26: 93Q2 26: 158158Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q4 202554
Q1 202693
Q2 2026158

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q1 26: 77 bought or addedQ1 26: 23 cut or sold outQ1 26Q2 26: 132 bought or addedQ2 26: 34 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 20267723
Q2 202613234

Biggest buyers

FMR LLC Added +971,368+971.4k
AMERIPRISE FINANCIAL INC New +771,009+771.0k
PRICE T ROWE ASSOCIATES INC /MD/ Added +743,877+743.9k
AMERICAN CENTURY COMPANIES INC New +710,881+710.9k
VICTORY CAPITAL MANAGEMENT INC New +666,645+666.6k
Driehaus Capital Management LLC Added +548,396+548.4k
FRANKLIN RESOURCES INC New +524,122+524.1k
BlackRock, Inc. Added +510,349+510.3k
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC New +455,366+455.4k
EMERALD ADVISERS, LLC Added +269,369+269.4k

Biggest sellers

ACK Asset Management LLC Sold out -874,000-874.0k
Ophir Asset Management Pty Ltd Reduced -523,686-523.7k
Conversant Capital LLC Sold out -471,609-471.6k
WASATCH ADVISORS LP Reduced -343,606-343.6k
Nuveen, LLC Reduced -307,464-307.5k
Schonfeld Strategic Advisors LLC Reduced -289,707-289.7k
Bastion Asset Management Inc. Sold out -109,080-109.1k
CONGRESS ASSET MANAGEMENT CO Sold out -87,372-87.4k
Aventail Capital Group, LP Reduced -78,652-78.7k
Point72 Asset Management, L.P. Reduced -72,774-72.8k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Spivey Jeremy Simmons 13G · exempt (held before listing) new · filed 2026-02-17 45.0% new 12.2m≈ $1.2bn 2026-02-17
Rowe Michael Bruce Jr. 13G · exempt (held before listing) new · filed 2026-02-17 29.0% new 2.0m≈ $192.0m 2026-02-17
West Erik Daniel 13G · exempt (held before listing) new · filed 2026-02-17 29.0% new 6.1m≈ $575.9m 2026-02-17
FMR LLC 13G · institution +2.4 pts · filed 2026-08-06 14.9% +2.4 pts 3.0m≈ $278.6m 2026-08-06
BlackRock, Inc. 13G · institution new · filed 2026-07-27 6.3% new 1.2m≈ $113.7m 2026-07-27
DRIEHAUS CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-08-14 6.1% new 1.2m≈ $113.9m 2026-08-14
Conversant Capital LLC 13G · passive investor new · filed 2026-10-19 5.5% new 1.2m≈ $111.1m 2026-10-19
BERNER ROSS 13G · exempt (held before listing) new · filed 2026-02-17 5.4% new 804.4k≈ $75.8m 2026-02-17
MCKINNEY MARK 13G · exempt (held before listing) new · filed 2026-02-17 5.1% new 760.4k≈ $71.6m 2026-02-17

Fell to 5% or below in the last year: Ophir Asset Management Pty Ltd (—, 2026-10-28), ALLIANCEBERNSTEIN L.P. (4.9%, 2026-08-14), Schonfeld Strategic Advisors LLC (2.9%, 2026-05-15), WASATCH ADVISORS LP (4.5%, 2026-04-23)

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
10010Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 4 buyingQ4 25: 0 sellingQ1 26: 1 buyingQ1 26: 0 sellingQ1 26Q2 26: 1 buyingQ2 26: 0 sellingQ3 26: 7 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20254$861.0k0——
Q1 20261$251.4k0——
Q2 20261$1.0m0——
Q3 20267$8.5m0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-08-17 Wimmer Richard Bennett Director Bought 7,500 $39.13 $293.5k7.5k shares +34%
2026-08-14 Spivey Jeremy Simmons Chief Executive Officer, director Bought 83,350 $38.41 $3.2m83.3k shares new
2026-08-14 Wood Anthony Leon Jr. Director Bought 51,400 $39.36 $2.0m51.4k shares new
2026-08-14 Lee Richard Melvin Jr. Director Bought 34,000 $36.82 $1.3m34.0k shares +99%
2026-08-14 Wood Benjamin Chief Operating Officer Bought 25,700 $39.48 $1.0m25.7k shares +128%
2026-08-14 Zelman Ivy Director Bought 12,647 $39.61 $500.9k12.6k shares +62%
2026-08-14 Rowe Michael Bruce Jr. Chief Financial Officer Bought 7,000 $36.53 $255.7k7.0k shares new
2026-05-27 Wood Benjamin CHIEF OPERATING OFFICER Bought 20,000 $51.30 $1.0m20.0k shares new

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.01% of their portfolio BOSTON, MA 2,957,6603.0m $278.6m $278.6m 0.01% Added +971.4k +971,368
2 Driehaus Capital Management LLC 0.66% of their portfolio Chicago, IL 1,208,9101.2m $113.9m $113.9m 0.66% Added +548.4k +548,396
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,207,5481.2m $113.8m $113.8m 0.00% Added +510.3k +510,349
4 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 982,766982.8k $39.0m $39.0m 0.01% Added +50.4k +50,446
5 LORD, ABBETT & CO. LLC 0.23% of their portfolio JERSEY CITY, NJ 859,431859.4k $81.0m $81.0m 0.23% Added +107.9k +107,873
6 EMERALD ADVISERS, LLC 1.88% of their portfolio LEOLA, PA 847,969848.0k $79.9m $79.9m 1.88% Added +269.4k +269,369
7 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 771,009771.0k $72.6m $72.6m 0.01% New
8 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 752,941752.9k $70.9m $70.9m 0.01% Added +743.9k +743,877
9 FRED ALGER MANAGEMENT, LLC 0.23% of their portfolio NEW YORK, NY 727,033727.0k $68.5m $68.5m 0.23% Added +40.4k +40,448
10 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 710,881710.9k $67.0m $67.0m 0.03% New
11 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 704,186704.2k $66.3m $66.3m 0.00% Added +188.8k +188,767
12 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 666,645666.6k $62.8m $62.8m 0.04% New
13 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 646,899646.9k $60.9m $60.9m 0.03% Added +218.6k +218,636
14 EMERALD MUTUAL FUND ADVISERS TRUST 1.82% of their portfolio LEOLA, PA 549,297549.3k $51.7m $51.7m 1.82% Added +190.2k +190,234
15 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 524,122524.1k $49.4m $49.4m 0.01% New
16 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.13% of their portfolio LOS ANGELES, CA 455,366455.4k $42.9m $42.9m 0.13% New
17 Engle Capital Management, L.P. 11.58% of their portfolio GREENWICH, CT 447,655447.7k $42.2m $42.2m 11.58% Added +129.7k +129,655
18 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 421,713421.7k $39.7m $39.7m 0.00% Added +114.8k +114,770
19 FEDERATED HERMES, INC. 0.05% of their portfolio PITTSBURGH, PA 392,348392.3k $37.0m $37.0m 0.05% Added +33.4k +33,400
20 WASATCH ADVISORS LP 0.22% of their portfolio SALT LAKE CITY, UT 349,444349.4k $32.9m $32.9m 0.22% Reduced -343.6k -343,606
21 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 326,245326.2k $30.7m $30.7m 0.00% Added +58.3k +58,316
22 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 302,634302.6k $28.5m $28.5m 0.05% Added +192.8k +192,841
23 Ophir Asset Management Pty Ltd 2.16% of their portfolio SYDNEY, C3 279,053279.1k $26.3m $26.3m 2.16% Reduced -523.7k -523,686
24 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 246,999247.0k $23.3m $23.3m 0.03% New
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 213,440213.4k $20.1m $20.1m 0.00% Added +38.7k +38,662
26 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 182,180182.2k $17.2m $17.2m 0.01% Added +45.3k +45,320
27 OSTERWEIS CAPITAL MANAGEMENT INC 0.80% of their portfolio SAN FRANCISCO, CA 179,516179.5k $16.9m $16.9m 0.80% Added +9.6k +9,580
28 Select Equity Group, L.P. 0.09% of their portfolio NEW YORK, NY 174,683174.7k $16.5m $16.5m 0.09% New
29 Ghisallo Capital Management LLC 0.31% of their portfolio BOSTON, MA 167,297167.3k $15.8m $15.8m 0.31% Added +67.3k +67,297
30 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 155,910155.9k $14.7m $14.7m 0.00% New
31 Schonfeld Strategic Advisors LLC 0.07% of their portfolio NEW YORK, NY 150,000150.0k $14.1m $14.1m 0.07% Reduced -289.7k -289,707
32 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 141,918141.9k $13.4m $13.4m 0.00% Added +46.5k +46,501
33 SEGALL BRYANT & HAMILL, LLC 0.14% of their portfolio CHICAGO, IL 128,395128.4k $12.1m $12.1m 0.14% New
34 Ranger Investment Management, L.P. 0.74% of their portfolio DALLAS, TX 124,927124.9k $11.8m $11.8m 0.74% New
35 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 122,721122.7k $11.6m $11.6m 0.00% Added +36.8k +36,758
36 RENAISSANCE GROUP LLC 0.46% of their portfolio Covington, KY 121,161121.2k $11.4m $11.4m 0.46% New
37 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 118,674118.7k $11.2m $11.2m 0.00% Added +43.7k +43,672
38 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.02% of their portfolio PHILADELPHIA, PA 115,114115.1k $10.8m $10.8m 0.02% New
39 Freestone Grove Partners LP 0.07% of their portfolio San Francisco, CA 113,101113.1k $10.7m $10.7m 0.07% New
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 112,812112.8k $10.6m $10.6m 0.00% Added +92.3k +92,278
41 CASTLEARK MANAGEMENT LLC 0.26% of their portfolio CHICAGO, IL 103,023103.0k $9.7m $9.7m 0.26% New
42 CAPSTONE INVESTMENT ADVISORS, LLC 0.07% of their portfolio NEW YORK, NY 100,000100.0k $9.4m $9.4m 0.07% New
43 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 99,59699.6k $9.4m $9.4m 0.01% Added +58.3k +58,320
44 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 98,19398.2k $9.2m $9.2m 0.02% New
45 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio JUPITER, FL 96,54896.5k $9.1m $9.1m 0.04% New
46 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 96,13696.1k $9.1m $9.1m 0.00% Reduced -29.7k -29,668
47 Alyeska Investment Group, L.P. 0.02% of their portfolio CHICAGO, IL 86,61386.6k $8.2m $8.2m 0.02% Added +36.6k +36,613
48 UBS Group AG 0.00% of their portfolio ZURICH, V8 77,21577.2k $7.3m $7.3m 0.00% Added +49.4k +49,395
49 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 68,99669.0k $6.5m $6.5m 0.01% Reduced -72.8k -72,774
50 Nicholas Investment Partners, LP 0.34% of their portfolio RANCHO SANTA FE, CA 64,62364.6k $6.1m $6.1m 0.34% New
51 G2 Investment Partners Management LLC 1.10% of their portfolio New York, NY 64,18164.2k $6.0m $6.0m 1.10% Reduced -33.8k -33,842
52 Emerald Investment Advisers, LLC 0.40% of their portfolio LEOLA, PA 63,36463.4k $6.0m $6.0m 0.40% New
53 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 61,96062.0k $5.8m $5.8m 0.00% Added +40.4k +40,350
54 BRANT POINT INVESTMENT MANAGEMENT LLC 1.20% of their portfolio New York, NY 57,00057.0k $5.4m $5.4m 1.20% Added +32.6k +32,608
55 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 55,18355.2k $5.2m $5.2m 0.00% New
56 Taylor Frigon Capital Management LLC 2.33% of their portfolio SCOTTSDALE, AZ 52,75352.8k $5.0m $5.0m 2.33% Reduced -34.0k -34,021
57 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 52,00452.0k $4.9m $4.9m 0.00% Added +15.4k +15,403
58 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 50,13750.1k $4.7m $4.7m 0.01% New
59 Granahan Investment Management, LLC 0.16% of their portfolio WALTHAM, MA 47,94747.9k $4.5m $4.5m 0.16% Reduced -34.5k -34,517
60 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 41,94141.9k $3.9m $3.9m 0.00% Added +11.8k +11,815
61 Zimmer Partners, LP 0.09% of their portfolio NEW YORK, NY 40,00040.0k $3.8m $3.8m 0.09% New
62 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 39,07039.1k $3.7m $3.7m 0.00% Added +12.8k +12,835
63 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 35,34035.3k $3.3m $3.3m 0.00% Reduced -307.5k -307,464
64 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 34,66434.7k $3.3m $3.3m 0.00% Added +4.2k +4,209
65 Lisanti Capital Growth, LLC 0.70% of their portfolio NEW YORK, NY 33,69033.7k $3.2m $3.2m 0.70% New
66 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 32,58432.6k $3.1m $3.1m 0.00% Added +16.8k +16,846
67 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.03% of their portfolio New York, NY 32,23732.2k $3.0m $3.0m 0.03% New
68 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 31,17431.2k $2.9m $2.9m 0.00% New
69 POLEN CAPITAL MANAGEMENT LLC 0.02% of their portfolio Boca Raton, FL 30,78730.8k $2.9m $2.9m 0.02% New
70 Legato Capital Management LLC 0.22% of their portfolio San Francisco, CA 27,83827.8k $2.6m $2.6m 0.22% New
71 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 27,13527.1k $2.6m $2.6m 0.00% New
72 KORNITZER CAPITAL MANAGEMENT INC /KS 0.05% of their portfolio SHAWNEE MISSION, KS 24,66424.7k $2.3m $2.3m 0.05% Reduced -9.3k -9,338
73 Round Rock Advisors LLC 0.27% of their portfolio WILTON, CT 22,43822.4k $2.1m $2.1m 0.27% Added +3.5k +3,541
74 F/m Investments LLC 0.10% of their portfolio WASHINGTON, DC 20,21520.2k $1.9m $1.9m 0.10% Added +3.6k +3,639
75 Knights of Columbus Asset Advisors LLC 0.09% of their portfolio NEW HAVEN, CT 18,02618.0k $1.7m $1.7m 0.09% New
76 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 17,01217.0k $1.6m $1.6m 0.01% New
77 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 16,90616.9k $1.6m $1.6m 0.00% Added +11.8k +11,780
78 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 16,85116.9k $1.6m $1.6m 0.00% Added +6.3k +6,329
79 READYSTATE ASSET MANAGEMENT LP 0.06% of their portfolio CHICAGO, IL 16,70916.7k $1.6m $1.6m 0.06% Reduced -57.7k -57,741
80 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 16,52816.5k $1.6m $1.6m 0.00% New
81 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 16,41616.4k $1.5m $1.5m 0.00% Added +3.6k +3,601
82 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 16,33316.3k $1.5m $1.5m 0.00% New
83 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,73615.7k $1.5m $1.5m 0.00% New
84 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 14,79314.8k $1.4m $1.4m 0.00% Added +10.8k +10,793
85 BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 13,99714.0k $1.3m $1.3m 0.02% Reduced -7.2k -7,203
86 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 12,85512.9k $1.2m $1.2m 0.00% New
87 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 11,31411.3k $1.1m $1.1m 0.00% New
88 Strategic Blueprint, LLC 0.05% of their portfolio ATLANTA, GA 11,09011.1k $1.0m $1.0m 0.05% New
89 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 10,09310.1k $950.8k $950.8k 0.00% Added +2.9k +2,870
90 Zuckerman Investment Group, LLC 0.08% of their portfolio CHICAGO, IL 10,00010.0k $942.0k $942.0k 0.08% Unchanged
91 OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio NEW YORK, NY 9,4079.4k $886.1k $886.1k 0.01% Reduced -1.1k -1,064
92 HARBOR CAPITAL ADVISORS, INC. 0.06% of their portfolio CHICAGO, IL 9,1539.2k $862.0k $862.0k 0.06% Reduced -3.0k -2,997
93 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 8,0318.0k $756.6k $756.6k 0.00% Added +7.8k +7,771
94 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 7,8917.9k $743.3k $743.3k 0.00% Added +1.9k +1,891
95 Aventail Capital Group, LP 0.04% of their portfolio NEW YORK, NY 7,7547.8k $730.4k $730.4k 0.04% Reduced -78.7k -78,652
96 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,5427.5k $711.0k $711.0k 0.00% New
97 Kings Path Partners LLC 0.19% of their portfolio SUGAR LAND, TX 7,4157.4k $698.5k $698.5k 0.19% New
98 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 7,3917.4k $696.2k $696.2k 0.00% Reduced -18 -18
99 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,2447.2k $683.2k $683.2k 0.00% Added +2.0k +2,036
100 Exit Wealth Advisors, LLC. 0.30% of their portfolio ATLANTA, GA 7,0107.0k $660.3k $660.3k 0.30% New