What smart money is saying about CoreWeave
1 fund in our archive has pitched CoreWeave, most recently Liontrust GF Global Innovation Fund in March 2025.
CoreWeave, Inc. operates a cloud platform that provides scaling, support, and acceleration for GenAI. The company builds the infrastructure that supports compute workloads for enterprises. Its products include GPU compute, CPU compute, storage services, networking services, managed services, and virtual and bare metal servers. Additionally, its platform offers a fleet lifecycle controller, node lifecycle controller, tensorizer, and observability. The company's services also include VFX and rendering, AI model training, AI interference, and mission control. CoreWeave, Inc. was formerly known as Atlantic Crypto Corporation and changed its name to CoreWeave, Inc. in December 2019. CoreWeave, Inc. was incorporated in 2017 and is based in Livingston, New Jersey.
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Fund signal · last 12 months
4 lettersToo few moves on CoreWeave yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q3 2026, 4 fund letters reported a position in CoreWeave, with 3 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 1 | 0 |
| Q2 2026 | 2 | 0 | 2 | 0 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 4 positions · 3 moves
- HoldsDNCA Invest EuroseSeptember 2026
“On the secondary market, opportunities remain rare. The fund nevertheless takes advantage of the price decline of certain recent issues, notably Coreweave and HelloFresh,”
CoreWeave - July 2026
“The Fund subsequently took some sales on strength in early August as the market continued to rally in the first couple of trading days of the month. We closed our small short position in CoreWeave Inc. unsecured bonds in mid-July, covering our short more than six points lower than our last sale in June. If we had waited another week or two this trade would have been even more profitable.”
CoreWeave - June 2026
“Trading activity Having bought dislocation in the first quarter, we spent the second selling strength. Five of the quarter’s ten largest contributors were exited outright: SK Hynix, SanDisk, Applied Materials, Credo and Ciena, the last having doubled over the half year. The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart. With Boston Scientific, Shopify and Mercadolibre discussed above, the quarter’s dealing totalled seventeen positions sold and seventeen initiated: unusually high turnover for this Fund, and a deliberate response to the concentration above.”
CoreWeave - June 2026
“The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart.”
CoreWeave
Also mentioned · 12
These funds discuss CoreWeave as a competitor, benchmark or comparable, without disclosing a position in it.
- September 2026
“In real life this looks like Nvidia investing in OpenAI, OpenAI committing to Oracle and CoreWeave, and AMD handing OpenAI warrants alongside a chip order are all versions of the same loop [1] .”
CoreWeave - MentionedDeep Sail Capital Partners LPSeptember 2026
“The short book was also heavily exposed to the “fake” neoclouds, which has already generated strong returns for the Fund in Q4 amid recent concerns about CoreWeave's ability to finance its ongoing AI data center buildout.”
CoreWeave - MentionedGreensKeeper Value FundSeptember 2026
“This instinct to bypass the climb goes a long way towards explaining the speculative behaviour infecting financial markets. A gambling culture has taken root across broad segments of the market: round-the-clock crypto trading, event-driven prediction platforms, single-stock leveraged ETFs, and zero-day-to-expiry (0DTE) equity options. We want to get rich, but quickly. As a result, many are tempted by the lure of these speculative assets, often adding additional risk via financial leverage. Whenever the investing public seeks immediate gratification, Wall Street eagerly manufactures the instruments to deliver it. We are currently living in the era of a “Casino” stock market. Perhaps this is to be expected. A significant cohort of market participants has never navigated a sustained bear market or capital-starved environment like 2000–2002 (dot-com bubble) or 2008 (Great Financial Crisis). Some lessons cannot be taught; they must be experienced firsthand. Runaway sovereign debt, civil discord in Europe, and market speculation all share a single root cause: our human wiring. Our DNA and psychology are programmed to seek pleasure and avoid pain. We crave wealth without the waiting, immediate investment returns without the discipline of managing risk. ***** We are value investors navigating an aging, top-heavy momentum market that is ripe for a pullback. While headline equity indices have inched higher, market breadth continues to deteriorate. A small cadre of mega- cap technology and artificial intelligence (AI) firms are propping up the index. A closer look reveals that not all is well. Beneath the surface, stress is building, with most equities trading well below their all-time highs. In the bond market, yield spikes in speculative corporate debt—such as high-profile AI infrastructure operators like CoreWeave (CRWV)— offer reminders that debt capital is neither infinite nor free.”
CoreWeave - September 2026
“In real life this looks like Nvidia investing in OpenAI, OpenAI committing to Oracle and CoreWeave, and AMD handing OpenAI warrants alongside a chip order are all versions of the same loop [1] .”
CoreWeave - MentionedCopeland Capital ManagementSeptember 2026
“Higher borrowing costs permeate broadly through the economy and present specific challenges to highly levered companies as well as unproven business models that require external financing (Chart 3). For example, emerging cloud plaƞorm company CoreWeave (CRWV) is now under intense scruƟny given significant borrowings, cash burn, and incremental growth capital required to fulfill its business obligaƟons.”
CoreWeave - MentionedCopelandSeptember 2026
“As of that date, Copeland did not hold securiƟes of CoreWeave, Inc. or Oklo, Inc.”
CoreWeave - MentionedO'Keefe Stevens NVIDIA StrategyJuly 2026
“NVIDIA AI cloud partners—including CoreWeave, Nebius, and Nscale— are also experiencing exponential demand and have secured significant long-term offtake agreements.”
CoreWeave - MentionedHotchkis & Wiley Value OpportunitiesJune 2026
“The big spenders are Alphabet, Amazon, Meta, Microsoft, Oracle, CoreWeave, Nebius, and SpaceX.”
CoreWeave - June 2026
“The big spenders are Alphabet, Amazon, Meta, Microsoft, Oracle, CoreWeave, Nebius, and SpaceX.”
CoreWeave - June 2026
“The big spenders are Alphabet, Amazon, Meta, Microsoft, Oracle, CoreWeave, Nebius, and SpaceX.”
CoreWeave - MentionedNexPoint Event Driven FundDecember 2025
“Notable examples include Nvidia’s intent to invest up to $100 billion in OpenAI, predicated on expectations that OpenAI will power additional data centers using Nvidia chips, and Nvidia’s $6.3 billion agreement to purchase unused data center capacity from CoreWeave, a company in which Nvidia holds a 7% equity stake and to which it also supplies semiconductors.”
CoreWeave - September 2025
“Established cloud companies are spending aggressively, but it is the behaviour of new entrants like Oracle and CoreWeave that raises the greatest concern.”
CoreWeave
Fund coverage · 1 thesis
- Liontrust GF Global Innovation FundMarch 2025
CoreWeave is a rapidly growing next-gen cloud provider for generative AI, significantly outperforming expectations and securing major enterprise contracts while poised for substantial earnings growth.
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