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Magnetar Financial LLC, along with Magnetar Capital Partners LP, Supernova Management LLC and Snyderman David J., reported selling shares of CoreWeave, Inc. NASDAQ:CRWV on October 16, 2025. The company, currently valued at $73.48 billion, has seen its shares surge over 250% in the past six months, according to InvestingPro data. The sales of Class A Common Stock totaled $144,096,538 with prices ranging from $140.00 to $150.00.
The transactions involved the disposal of shares held indirectly by CW Opportunity LLC, CW Opportunity 2 LP, and Longhorn Special Opportunities Fund LP. Specifically, 7,793,111 shares were sold at various prices within the stated range. With the stock trading at high valuation multiples and the company’s next earnings report due on November 12, InvestingPro subscribers can access 12 additional key insights about CoreWeave’s financial health and valuation metrics.
Magnetar Financial LLC serves as the investment adviser to each of CW Opportunity LLC, CW Opportunity 2 LP and Longhorn Special Opportunities Fund LP (collectively, the "Magnetar Funds"). Magnetar Capital Partners LP is the sole member and parent holding company of Magnetar Financial. Supernova Management LLC is the general partner of Magnetar Capital Partners. The administrative manager of Supernova Management is David J. Snyderman.
In other recent news, CoreWeave announced the appointment of Jon Jones as its first Chief Revenue Officer. Jones, who previously held a leadership position at Amazon, will focus on scaling products and sales operations for the company. Additionally, CoreWeave secured a significant partnership with Poolside, providing over 40,000 GPUs under Nvidia systems, which Evercore ISI estimates could add approximately $5 billion to the company’s backlog. This deal is expected to increase CoreWeave’s total backlog to over $55 billion.
Moreover, CoreWeave has plans to build a massive AI data center complex in West Texas in collaboration with Poolside. The facility, named "Horizon," will have the capacity to generate its own power using natural gas from the Permian Basin. In another development, CoreWeave launched Serverless RL, a managed reinforcement learning platform, which allows for faster AI agent training and reduced costs. This new service is the first collaboration between CoreWeave and its recent acquisition, OpenPipe.
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