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Cerence
CRNC

230 hedge funds and large institutions have $585M invested in Cerence in 2022 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 66 increasing their positions, 87 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

909% more call options, than puts

Call options by funds: $7.46M | Put options by funds: $739K

4.56% less ownership

Funds ownership: 98.88% → 94.32% (-4.6%)

15% less funds holding

Funds holding: 270 → 230 (-40)

24% less repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 87

40% less capital invested

Capital invested by funds: $973M → $585M (-$388M)

65% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 57

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
230
Holders Change
-40
Holders Change %
-14.81%
% of All Funds
3.96%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
20
Increased
66
Reduced
87
Closed
57
Calls
$7.46M
Puts
$739K
Net Calls
+$6.72M
Net Calls Change
+$8.48M

Top Buyers

Rank Fund Capital Flow
1
CCPM
Cooper Creek Partners Management
New York
+$26.7M
2
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$6.99M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$6.62M
4
PCMI
Paradigm Capital Management Inc
New York
+$5.82M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$5.5M

Top Sellers

Rank Fund Capital Flow
1
GKIM
GW&K Investment Management
Massachusetts
-$27.7M
2
VVP
Vulcan Value Partners
Alabama
-$14.3M
3
Invesco
Invesco
Georgia
-$13.3M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$9.43M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$7.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
FRA
251
Front Row Advisors
California
– -$2K -81 Closed
CWP
252
Concord Wealth Partners
Virginia
– -$2K -62 Closed
EWA
253
EverSource Wealth Advisors
Alabama
– -$2K -60 Closed
PTC
254
Private Trust Company
Ohio
– -$2K -60 Closed
VCM
255
Versant Capital Management
Arizona
– -$1.08K -48 -67%
APA
256
American Portfolios Advisors
New York
– -$934 -37 Closed
GWMIA
257
Global Wealth Management Investment Advisory
Florida
– -$1K -23 Closed
JWA
258
JFS Wealth Advisors
Pennsylvania
– -$1K -23 Closed
PMFA
259
Plante Moran Financial Advisors
Michigan
– -$1K -20 Closed
BBHC
260
Brown Brothers Harriman & Co
New York
– -$292 -13 -33%
National Bank of Canada
261
National Bank of Canada
Quebec, Canada
– -$225 -10 -53%
C
262
Covestor
United Kingdom
– -$112 -5 -45%
DI
263
Disciplined Investments
Oklahoma
– +$45 +2 +67%
SIC
264
SJS Investment Consulting
Ohio
– +$45 +2 New
SC
265
Schubert & Co
Texas
– +$67 +3 +43%
EC
266
EdgeRock Capital
Colorado
– +$180 +8 New
PWMG
267
Prestige Wealth Management Group
New Jersey
– +$427 +19 New
GWS
268
Glassman Wealth Services
Virginia
– +$629 +28 New
7 8 9 10
11

CRNC Hedge Fund Activity: Q3 2022 in Review

230 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q3 2022, worth a combined $585M — down 40% from $973M a quarter earlier.

Sellers outnumbered buyers: 57 funds closed out of CRNC and 20 opened new positions — a net loss of 37 holders — while 87 trimmed existing stakes and 66 added.

The largest buyer was Cooper Creek Partners Management, adding an estimated $26.7M. The largest seller was GW&K Investment Management, cutting an estimated $27.7M.

  • 230 institutional investors held Cerence (CRNC) as of Q3 2022, down from 270 in Q2 2022.
  • Funds reported $585M of Cerence stock for Q3 2022, down 40% quarter-over-quarter.
  • 20 funds opened new Cerence positions in Q3 2022 and 57 closed out, a net change of -37 holders.
  • The largest Cerence buyer in Q3 2022 was Cooper Creek Partners Management, an estimated $26.7M added.
  • The largest Cerence seller in Q3 2022 was GW&K Investment Management, an estimated $27.7M sold.

Based on aggregated 13F filings for Q3 2022.