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Cerence
CRNC

218 hedge funds and large institutions have $513M invested in Cerence in 2020 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 64 increasing their positions, 66 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more call options, than puts

Call options by funds: $872K | Put options by funds: $592K

5.71% more ownership

Funds ownership: 85.26% → 90.97% (+5.7%)

3% less repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 66

8% less funds holding

Funds holding: 236 → 218 (-18)

25% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 60

27% less capital invested

Capital invested by funds: $703M → $513M (-$190M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
218
Holders Change
-18
Holders Change %
-7.63%
% of All Funds
4.8%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
45
Increased
64
Reduced
66
Closed
60
Calls
$872K
Puts
$592K
Net Calls
+$280K
Net Calls Change
+$956K

Top Buyers

Rank Fund Capital Flow
1
BCA
Bernzott Capital Advisors
California
+$19.4M
2
Federated Hermes
Federated Hermes
Pennsylvania
+$15.1M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$14.6M
4
IP
Isomer Partners
New York
+$13.7M
5
BC
Brahman Capital
New York
+$12.6M

Top Sellers

Rank Fund Capital Flow
1
RC
RGM Capital
Florida
-$18.2M
2
NM
Nokota Management
New York
-$9.13M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$6.46M
4
WMSA
Weiss Multi-Strategy Advisers
New York
-$5.67M
5
FG
Formula Growth
Quebec, Canada
-$5.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
GI
251
Gradient Investments
Minnesota
– +$84 +4 New
OPS
252
Orion Portfolio Solutions
Nebraska
– +$105 +5 +29%
WT
253
Washington Trust
Rhode Island
– +$231 +11 New
KFI
254
Key Financial Inc
Pennsylvania
– +$252 +12 New
AIC
255
Ameritas Investment Company
Nebraska
– +$315 +15 New
CAN
256
Claraphi Advisory Network
United States
– +$652 +31 New
7 8 9 10
11

CRNC Hedge Fund Activity: Q1 2020 in Review

218 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q1 2020, worth a combined $513M — down 27% from $703M a quarter earlier.

Sellers outnumbered buyers: 60 funds closed out of CRNC and 45 opened new positions — a net loss of 15 holders — while 66 trimmed existing stakes and 64 added.

The largest buyer was Bernzott Capital Advisors, opening a new position worth an estimated $19.4M. The largest seller was RGM Capital, exiting entirely with an estimated $18.2M sold.

  • 218 institutional investors held Cerence (CRNC) as of Q1 2020, down from 236 in Q4 2019.
  • Funds reported $513M of Cerence stock for Q1 2020, down 27% quarter-over-quarter.
  • 45 funds opened new Cerence positions in Q1 2020 and 60 closed out, a net change of -15 holders.
  • The largest Cerence buyer in Q1 2020 was Bernzott Capital Advisors, an estimated $19.4M added.
  • The largest Cerence seller in Q1 2020 was RGM Capital, an estimated $18.2M sold.

Based on aggregated 13F filings for Q1 2020.