Cerence
CRNC
188 hedge funds and large institutions have $652M invested in Cerence in 2024 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 62 increasing their positions, 56 reducing their positions, and 45 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 56
4.69% more ownership
Funds ownership: 94.1% → 98.8% (+4.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13% less funds holding
Funds holding: 217 → 188 (-29)
14% less capital invested
Capital invested by funds: $761M → $652M (-$109M)
48% less call options, than puts
Call options by funds: $1.92M | Put options by funds: $3.71M
56% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCPM
Cooper Creek Partners Management
New York
|
+$42.1M |
| 2 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$18.9M |
| 3 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$9.41M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.55M |
| 5 |
ACM
American Capital Management
New York
|
+$4.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$25.2M |
| 2 |
Morgan Stanley
New York
|
-$14M |
| 3 |
Millennium Management
New York
|
-$6.72M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$2.53M |
| 5 |
Goldman Sachs
New York
|
-$2.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HFM
226
Harvest Fund Management
Beijing,
China
| – | -$1K | -34 | Closed |
|
|
GWS
227
Glassman Wealth Services
Vienna,
Virginia
| – | -$492 | -25 | Closed |
|
|
JGIA
228
Jackson Grant Investment Advisers
Stamford,
Connecticut
| – | -$472 | -24 | Closed |
|
229
Russell Investments Group
London,
United Kingdom
| – | -$295 | -15 | Closed |
|
|
FWM
230
Focused Wealth Management
Newburgh,
New York
| – | -$79 | -4 | Closed |
|
CRNC Hedge Fund Activity: Q1 2024 in Review
188 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q1 2024, worth a combined $652M — down 14% from $761M a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of CRNC and 20 opened new positions — a net loss of 25 holders — while 56 trimmed existing stakes and 62 added.
The largest buyer was Cooper Creek Partners Management, opening a new position worth an estimated $42.1M. The largest seller was Invesco, cutting an estimated $25.2M.
- 188 institutional investors held Cerence (CRNC) as of Q1 2024, down from 217 in Q4 2023.
- Funds reported $652M of Cerence stock for Q1 2024, down 14% quarter-over-quarter.
- 20 funds opened new Cerence positions in Q1 2024 and 45 closed out, a net change of -25 holders.
- The largest Cerence buyer in Q1 2024 was Cooper Creek Partners Management, an estimated $42.1M added.
- The largest Cerence seller in Q1 2024 was Invesco, an estimated $25.2M sold.
Based on aggregated 13F filings for Q1 2024.