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Cerence
CRNC

223 hedge funds and large institutions have $667M invested in Cerence in 2022 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 61 increasing their positions, 76 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more call options, than puts

Call options by funds: $1.98M | Put options by funds: $1.29M

14% more capital invested

Capital invested by funds: $585M → $667M (+$82.5M)

3% less funds holding

Funds holding: 230 → 223 (-7)

3.09% less ownership

Funds ownership: 94.32% → 91.23% (-3.1%)

17% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 35

20% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 76

Holders
223
Holders Change
-7
Holders Change %
-3.04%
% of All Funds
3.58%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
29
Increased
61
Reduced
76
Closed
35
Calls
$1.98M
Puts
$1.29M
Net Calls
+$691K
Net Calls Change
-$6.03M

Top Buyers

Rank Fund Capital Flow
1
CCPM
Cooper Creek Partners Management
New York
+$13.6M
2
VBA
Van Berkom & Associates
Quebec, Canada
+$12.1M
3
Invesco
Invesco
Georgia
+$12M
4
BlackRock
BlackRock
New York
+$6.17M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$4.82M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$10.1M
2
Neuberger Berman Group
Neuberger Berman Group
New York
-$9.97M
3
PCMI
Paradigm Capital Management Inc
New York
-$8.79M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$8.37M
5
GACM
Global Alpha Capital Management
Quebec, Canada
-$7.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$5.03M +$2.01M +117,480 +76%
Principal Financial Group
27
Principal Financial Group
Iowa
$4.73M -$112K -6,531 -2%
Axa
28
Axa
France
$3.66M – – –
Citadel Advisors
29
Citadel Advisors
Florida
$3.25M -$2.99M -174,441 -50%
Voloridge Investment Management
30
Voloridge Investment Management
Florida
$3.18M -$1.51M -88,080 -34%
MIM
31
Meros Investment Management
Texas
$3.09M +$1.26M +73,838 +80%
PCMI
32
Paradigm Capital Management Inc
New York
$2.54M -$8.79M -513,000 -79%
RhumbLine Advisers
33
RhumbLine Advisers
Massachusetts
$2.33M +$101K +5,917 +5%
JP Morgan Chase
34
JP Morgan Chase
New York
$2.27M +$3.6K +210 +0.2%
Legal & General Group
35
Legal & General Group
United Kingdom
$2.16M +$47.5K +2,775 +2%
Goldman Sachs
36
Goldman Sachs
New York
$2.16M -$10.1M -591,866 -84%
N
37
Nuveen
North Carolina
$2.15M -$711K -41,483 -26%
CSS
38
Cubist Systematic Strategies
Connecticut
$1.87M +$827K +48,294 +92%
MCM
39
McRae Capital Management
New Jersey
$1.87M -$214K -12,489 -11%
Swiss National Bank
40
Swiss National Bank
Switzerland
$1.76M +$30.8K +1,800 +2%
GCM
41
Graham Capital Management
Connecticut
$1.53M +$952K +55,559 +204%
Bank of America
42
Bank of America
North Carolina
$1.36M -$424K -24,779 -25%
Public Sector Pension Investment Board (PSP Investments)
43
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.34M – – –
CI
44
Cambiar Investors
Colorado
$1.27M +$69.4K +4,052 +6%
CS
45
Credit Suisse
Switzerland
$1.13M -$89K -5,196 -8%
AllianceBernstein
46
AllianceBernstein
Tennessee
$1.12M +$24.5K +1,430 +2%
Victory Capital Management
47
Victory Capital Management
Texas
$1.07M +$805K +47,020 +437%
CIC
48
Canal Insurance Company
South Carolina
$1.02M -$428K -25,000 -31%
Ohio Public Employees Retirement System (OPERS)
49
Ohio Public Employees Retirement System (OPERS)
Ohio
$977K -$124K -7,235 -12%
AFAS
50
Acorn Financial Advisory Services
Virginia
$945K +$122K +7,106 +16%
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CRNC Hedge Fund Activity: Q4 2022 in Review

223 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q4 2022, worth a combined $667M — up 14% from $585M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of CRNC and 29 opened new positions — a net loss of 6 holders — while 76 trimmed existing stakes and 61 added.

The largest buyer was Cooper Creek Partners Management, adding an estimated $13.6M. The largest seller was Goldman Sachs, cutting an estimated $10.1M.

  • 223 institutional investors held Cerence (CRNC) as of Q4 2022, down from 230 in Q3 2022.
  • Funds reported $667M of Cerence stock for Q4 2022, up 14% quarter-over-quarter.
  • 29 funds opened new Cerence positions in Q4 2022 and 35 closed out, a net change of -6 holders.
  • The largest Cerence buyer in Q4 2022 was Cooper Creek Partners Management, an estimated $13.6M added.
  • The largest Cerence seller in Q4 2022 was Goldman Sachs, an estimated $10.1M sold.

Based on aggregated 13F filings for Q4 2022.