Cannae Holdings
CNNE
179 hedge funds and large institutions have $1.45B invested in Cannae Holdings in 2019 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 41 increasing their positions, 47 reducing their positions, and 16 closing their positions.
81% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 16
43% more capital invested
Capital invested by funds: $1.02B → $1.45B (+$432M)
6% more funds holding
Funds holding: 169 → 179 (+10)
0.08% more ownership
Funds ownership: 82.11% → 82.2% (+0.08%)
13% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 47
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$27.7M |
| 2 |
AC
Asturias Capital
New York
|
+$7.36M |
| 3 |
NC
Nitorum Capital
New York
|
+$6.21M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$5.4M |
| 5 |
DC
Davenport & Co
Richmond,
Virginia
|
+$4.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Abdiel Capital Advisors
New York
|
-$11M |
| 2 |
GL
Governors Lane
New York
|
-$6.16M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$5.97M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$5.22M |
| 5 |
LCM
Lionstone Capital Management
New York
|
-$4.71M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PI
176
PineBridge Investments
New York
| – | -$790K | -46,150 | Closed |
|
177
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$352K | -20,544 | Closed |
|
|
OSAM
178
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$342K | -19,957 | Closed |
|
|
RWA
179
RGT Wealth Advisors
Dallas,
Texas
| – | -$171K | -10,000 | Closed |
|
|
FTI
180
Fiduciary Trust International
Lincoln,
Massachusetts
| – | -$151K | -8,791 | Closed |
|
|
JIR
181
James Investment Research
Alpha,
Ohio
| – | -$79K | -4,600 | Closed |
|
|
PMFA
182
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$2K | -106 | Closed |
|
|
QI
183
QS Investors
New York
| – | -$1K | -47 | Closed |
|
|
FGAM
184
Financial Gravity Asset Management
Lakeway,
Texas
| – | +$21 | +1 | New |
|
|
CFB
185
Cullen/Frost Bankers
San Antonio,
Texas
| – | +$63 | +3 | New |
|
186
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$84 | +4 | New |
|
|
HGWM
187
Harvest Group Wealth Management
Waltham,
Massachusetts
| – | +$316 | +15 | New |
|
CNNE Hedge Fund Activity: Q1 2019 in Review
179 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Cannae Holdings (CNNE) for Q1 2019, worth a combined $1.45B — up 43% from $1.02B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new CNNE positions and 16 closed out — a net gain of 13 holders — while 41 added to existing stakes and 47 trimmed.
The largest buyer was Millennium Management, adding an estimated $27.7M. The largest seller was Abdiel Capital Advisors, exiting entirely with an estimated $11M sold.
- 179 institutional investors held Cannae Holdings (CNNE) as of Q1 2019, up from 169 in Q4 2018.
- Funds reported $1.45B of Cannae Holdings stock for Q1 2019, up 43% quarter-over-quarter.
- 29 funds opened new Cannae Holdings positions in Q1 2019 and 16 closed out, a net change of +13 holders.
- The largest Cannae Holdings buyer in Q1 2019 was Millennium Management, an estimated $27.7M added.
- The largest Cannae Holdings seller in Q1 2019 was Abdiel Capital Advisors, an estimated $11M sold.
Based on aggregated 13F filings for Q1 2019.