Cerence
CRNC
360 hedge funds and large institutions have $2.96B invested in Cerence in 2021 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 124 increasing their positions, 109 reducing their positions, and 66 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 109
3% more call options, than puts
Call options by funds: $29.1M | Put options by funds: $28.2M
2% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 66
0.42% more ownership
Funds ownership: 100.13% → 100.54% (+0.42%)
1% less funds holding
Funds holding: 362 → 360 (-2)
19% less capital invested
Capital invested by funds: $3.65B → $2.96B (-$686M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$84.7M |
| 2 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$64.7M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$59.9M |
| 4 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$42.8M |
| 5 |
Handelsbanken Fonder
Stockholm,
Sweden
|
+$22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$151M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$54.8M |
| 3 |
MCM
Moore Capital Management
New York
|
-$44.3M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$35.2M |
| 5 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$23M |
CRNC Hedge Fund Activity: Q4 2021 in Review
360 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q4 2021, worth a combined $2.96B — down 19% from $3.65B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new CRNC positions and 66 closed out — a net gain of 1 holder — while 124 added to existing stakes and 109 trimmed.
The largest buyer was Select Equity Group, opening a new position worth an estimated $84.7M. The largest seller was Franklin Resources, exiting entirely with an estimated $151M sold.
- 360 institutional investors held Cerence (CRNC) as of Q4 2021, down from 362 in Q3 2021.
- Funds reported $2.96B of Cerence stock for Q4 2021, down 19% quarter-over-quarter.
- 67 funds opened new Cerence positions in Q4 2021 and 66 closed out, a net change of +1 holder.
- The largest Cerence buyer in Q4 2021 was Select Equity Group, an estimated $84.7M added.
- The largest Cerence seller in Q4 2021 was Franklin Resources, an estimated $151M sold.
Based on aggregated 13F filings for Q4 2021.