Cerence
CRNC
241 hedge funds and large institutions have $1.58B invested in Cerence in 2020 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 66 increasing their positions, 64 reducing their positions, and 51 closing their positions.
208% more capital invested
Capital invested by funds: $513M → $1.58B (+$1.07B)
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
45% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 51
15.23% more ownership
Funds ownership: 90.97% → 106.2% (+15%)
11% more funds holding
Funds holding: 218 → 241 (+23)
3% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 64
2% more call options, than puts
Call options by funds: $17.4M | Put options by funds: $17.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$51.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$33.4M |
| 3 |
BlackRock
New York
|
+$33.2M |
| 4 |
SAM
Silvercrest Asset Management
New York
|
+$32.4M |
| 5 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$21.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$33.7M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$17.4M |
| 3 |
Millennium Management
New York
|
-$14.3M |
| 4 |
BCA
Bernzott Capital Advisors
Camarillo,
California
|
-$11.7M |
| 5 |
BC
Brahman Capital
New York
|
-$10M |
CRNC Hedge Fund Activity: Q2 2020 in Review
241 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q2 2020, worth a combined $1.58B — up 208% from $513M a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new CRNC positions and 51 closed out — a net gain of 23 holders — while 66 added to existing stakes and 64 trimmed.
The largest buyer was First Trust Advisors, opening a new position worth an estimated $51.8M. The largest seller was ArrowMark Colorado Holdings, cutting an estimated $33.7M.
- 241 institutional investors held Cerence (CRNC) as of Q2 2020, up from 218 in Q1 2020.
- Funds reported $1.58B of Cerence stock for Q2 2020, up 208% quarter-over-quarter.
- 74 funds opened new Cerence positions in Q2 2020 and 51 closed out, a net change of +23 holders.
- The largest Cerence buyer in Q2 2020 was First Trust Advisors, an estimated $51.8M added.
- The largest Cerence seller in Q2 2020 was ArrowMark Colorado Holdings, an estimated $33.7M sold.
Based on aggregated 13F filings for Q2 2020.