Cognyte Software
CGNT
97 hedge funds and large institutions have $268M invested in Cognyte Software in 2023 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 29 increasing their positions, 26 reducing their positions, and 9 closing their positions.
122% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 9
91% more capital invested
Capital invested by funds: $141M → $268M (+$128M)
12% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 26
10% more funds holding
Funds holding: 88 → 97 (+9)
2.88% more ownership
Funds ownership: 61.11% → 63.99% (+2.9%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
75% less call options, than puts
Call options by funds: $502K | Put options by funds: $2.04M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Legal & General Group
London,
United Kingdom
|
+$18.1M |
| 2 |
SM
Senvest Management
New York
|
+$2.82M |
| 3 |
Millennium Management
New York
|
+$2.8M |
| 4 |
Neuberger Berman Group
New York
|
+$2.34M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Solas Capital Management
Darien,
Connecticut
|
-$9.11M |
| 2 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
-$3.12M |
| 3 |
BlackRock
New York
|
-$2.81M |
| 4 |
WCM
Westerly Capital Management
San Francisco,
California
|
-$1.77M |
| 5 |
D.E. Shaw & Co
New York
|
-$1.39M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Allspring Global Investments
Charlotte,
North Carolina
| – | -$67K | -19,768 | Closed |
|
102
American Century Companies
Kansas City,
Missouri
| – | -$34.3K | -10,308 | Closed |
|
103
Baillie Gifford & Co
Edinburgh,
United Kingdom
| – | -$1.25K | -369 | Closed |
|
|
HNB
104
Huntington National Bank
Columbus,
Ohio
| – | -$431 | -127 | Closed |
|
|
BAM
105
Belpointe Asset Management
Reno,
Nevada
| – | -$339 | -100 | Closed |
|
CGNT Hedge Fund Activity: Q2 2023 in Review
97 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Cognyte Software (CGNT) for Q2 2023, worth a combined $268M — up 91% from $141M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CGNT positions and 9 closed out — a net gain of 11 holders — while 29 added to existing stakes and 26 trimmed.
The largest buyer was Legal & General Group, opening a new position worth an estimated $18.1M. The largest seller was Solas Capital Management, cutting an estimated $9.11M.
- 97 institutional investors held Cognyte Software (CGNT) as of Q2 2023, up from 88 in Q1 2023.
- Funds reported $268M of Cognyte Software stock for Q2 2023, up 91% quarter-over-quarter.
- 20 funds opened new Cognyte Software positions in Q2 2023 and 9 closed out, a net change of +11 holders.
- The largest Cognyte Software buyer in Q2 2023 was Legal & General Group, an estimated $18.1M added.
- The largest Cognyte Software seller in Q2 2023 was Solas Capital Management, an estimated $9.11M sold.
Based on aggregated 13F filings for Q2 2023.