Cerence
CRNC
286 hedge funds and large institutions have $1.38B invested in Cerence in 2022 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 122 increasing their positions, 72 reducing their positions, and 106 closing their positions.
80% more call options, than puts
Call options by funds: $18.1M | Put options by funds: $10.1M
69% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 72
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.71% less ownership
Funds ownership: 100.54% → 97.83% (-2.7%)
21% less funds holding
Funds holding: 360 → 286 (-74)
53% less capital invested
Capital invested by funds: $2.96B → $1.38B (-$1.58B)
67% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 106
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$94.4M |
| 2 |
Morgan Stanley
New York
|
+$37.8M |
| 3 |
Two Sigma Advisers
New York
|
+$31.3M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$28.2M |
| 5 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$27.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
-$112M |
| 2 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$86.6M |
| 3 |
Select Equity Group
New York
|
-$73.6M |
| 4 |
FAM
Fred Alger Management
New York
|
-$47M |
| 5 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$39M |
CRNC Hedge Fund Activity: Q1 2022 in Review
286 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q1 2022, worth a combined $1.38B — down 53% from $2.96B a quarter earlier.
Sellers outnumbered buyers: 106 funds closed out of CRNC and 35 opened new positions — a net loss of 71 holders — while 72 trimmed existing stakes and 122 added.
The largest buyer was BlackRock, adding an estimated $94.4M. The largest seller was ClearBridge Investments, cutting an estimated $112M.
- 286 institutional investors held Cerence (CRNC) as of Q1 2022, down from 360 in Q4 2021.
- Funds reported $1.38B of Cerence stock for Q1 2022, down 53% quarter-over-quarter.
- 35 funds opened new Cerence positions in Q1 2022 and 106 closed out, a net change of -71 holders.
- The largest Cerence buyer in Q1 2022 was BlackRock, an estimated $94.4M added.
- The largest Cerence seller in Q1 2022 was ClearBridge Investments, an estimated $112M sold.
Based on aggregated 13F filings for Q1 2022.