Cerence
CRNC
326 hedge funds and large institutions have $3.72B invested in Cerence in 2020 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 82 increasing their positions, 108 reducing their positions, and 26 closing their positions.
258% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 26
233% more funds holding in top 10
Funds holding in top 10: 3 → 10 (+7)
216% more call options, than puts
Call options by funds: $69.1M | Put options by funds: $21.9M
106% more capital invested
Capital invested by funds: $1.8B → $3.72B (+$1.92B)
25% more funds holding
Funds holding: 261 → 326 (+65)
1.84% less ownership
Funds ownership: 100.64% → 98.8% (-1.8%)
24% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 108
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$64.9M |
| 2 |
MCM
Moore Capital Management
New York
|
+$47.3M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$45.9M |
| 4 |
BlackRock
New York
|
+$29.8M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$21.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$48.7M |
| 2 |
IP
Isomer Partners
New York
|
-$29.5M |
| 3 |
ClearBridge Investments
New York
|
-$28.8M |
| 4 |
Handelsbanken Fonder
Stockholm,
Sweden
|
-$28M |
| 5 |
HAM
Honeycomb Asset Management
New York
|
-$27.2M |
CRNC Hedge Fund Activity: Q4 2020 in Review
326 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q4 2020, worth a combined $3.72B — up 106% from $1.8B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new CRNC positions and 26 closed out — a net gain of 67 holders — while 82 added to existing stakes and 108 trimmed.
The largest buyer was Vulcan Value Partners, adding an estimated $64.9M. The largest seller was Ameriprise, cutting an estimated $48.7M.
- 326 institutional investors held Cerence (CRNC) as of Q4 2020, up from 261 in Q3 2020.
- Funds reported $3.72B of Cerence stock for Q4 2020, up 106% quarter-over-quarter.
- 93 funds opened new Cerence positions in Q4 2020 and 26 closed out, a net change of +67 holders.
- The largest Cerence buyer in Q4 2020 was Vulcan Value Partners, an estimated $64.9M added.
- The largest Cerence seller in Q4 2020 was Ameriprise, an estimated $48.7M sold.
Based on aggregated 13F filings for Q4 2020.