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Cerence
CRNC

216 hedge funds and large institutions have $795M invested in Cerence in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 69 increasing their positions, 69 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more call options, than puts

Call options by funds: $3.5M | Put options by funds: $2.23M

3.35% more ownership

Funds ownership: 93.39% → 96.74% (+3.4%)

0% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 69

5% less funds holding

Funds holding: 227 → 216 (-11)

26% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 34

28% less capital invested

Capital invested by funds: $1.1B → $795M (-$307M)

Holders
216
Holders Change
-11
Holders Change %
-4.85%
% of All Funds
3.43%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
25
Increased
69
Reduced
69
Closed
34
Calls
$3.5M
Puts
$2.23M
Net Calls
+$1.27M
Net Calls Change
-$4.8M

Top Buyers

Rank Fund Capital Flow
1
VBA
Van Berkom & Associates
Quebec, Canada
+$29.5M
2
GACM
Global Alpha Capital Management
Quebec, Canada
+$10.1M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$9.79M
4
ACB
Aristotle Capital Boston
Massachusetts
+$9.42M
5
First Trust Advisors
First Trust Advisors
Illinois
+$7.5M

Top Sellers

Rank Fund Capital Flow
1
CCPM
Cooper Creek Partners Management
New York
-$8.7M
2
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$8.43M
3
Marshall Wace
Marshall Wace
United Kingdom
-$6.6M
4
CM
Castleark Management
Illinois
-$6.18M
5
BlackRock
BlackRock
New York
-$4.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCMI
26
Paradigm Capital Management Inc
New York
$6.09M +$2.4M +95,500 +47%
First Trust Advisors
27
First Trust Advisors
Illinois
$6.07M +$7.5M +298,152 New
Norges Bank
28
Norges Bank
Norway
$6.05M -$1.02M -40,397 -12%
MIM
29
Meros Investment Management
Texas
$5.43M +$1.8M +71,491 +37%
Jacobs Levy Equity Management
30
Jacobs Levy Equity Management
New Jersey
$5.24M -$8.43M -335,378 -57%
Principal Financial Group
31
Principal Financial Group
Iowa
$4.43M -$292K -11,602 -5%
Two Sigma Advisers
32
Two Sigma Advisers
New York
$4.18M -$1.68M -67,000 -25%
D.E. Shaw & Co
33
D.E. Shaw & Co
New York
$3.18M -$674K -26,811 -15%
Voloridge Investment Management
34
Voloridge Investment Management
Florida
$3.03M +$1.89M +75,365 +103%
Connor, Clark & Lunn Investment Management (CC&L)
35
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$3.01M +$2.75M +109,339 +283%
Goldman Sachs
36
Goldman Sachs
New York
$2.84M -$301K -11,987 -8%
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$2.7M +$13.1K +523 +0.4%
Two Sigma Investments
38
Two Sigma Investments
New York
$2.53M -$446K -17,745 -13%
Legal & General Group
39
Legal & General Group
United Kingdom
$2.29M -$59.5K -2,366 -2%
Tudor Investment Corp
40
Tudor Investment Corp
Connecticut
$2.06M +$2.54M +101,025 New
Fisher Asset Management
41
Fisher Asset Management
Washington
$2.02M – – –
Millennium Management
42
Millennium Management
New York
$1.97M +$1.59M +63,351 +189%
JP Morgan Chase
43
JP Morgan Chase
New York
$1.95M -$223K -8,870 -8%
Bank of America
44
Bank of America
North Carolina
$1.95M +$1.16M +46,060 +93%
Allianz Asset Management
45
Allianz Asset Management
Germany
$1.88M +$1.03M +40,929 +79%
Swiss National Bank
46
Swiss National Bank
Switzerland
$1.81M +$25.1K +1,000 +1%
Federated Hermes
47
Federated Hermes
Pennsylvania
$1.48M +$502K +19,980 +38%
Citigroup
48
Citigroup
New York
$1.43M +$805K +32,027 +84%
SEI Investments
49
SEI Investments
Pennsylvania
$1.35M +$703K +27,979 +73%
Capstone Investment Advisors
50
Capstone Investment Advisors
New York
$1.22M +$1.51M +59,919 New
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CRNC Hedge Fund Activity: Q3 2023 in Review

216 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q3 2023, worth a combined $795M — down 28% from $1.1B a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of CRNC and 25 opened new positions — a net loss of 9 holders — while 69 trimmed existing stakes and 69 added.

The largest buyer was Van Berkom & Associates, adding an estimated $29.5M. The largest seller was Cooper Creek Partners Management, cutting an estimated $8.7M.

  • 216 institutional investors held Cerence (CRNC) as of Q3 2023, down from 227 in Q2 2023.
  • Funds reported $795M of Cerence stock for Q3 2023, down 28% quarter-over-quarter.
  • 25 funds opened new Cerence positions in Q3 2023 and 34 closed out, a net change of -9 holders.
  • The largest Cerence buyer in Q3 2023 was Van Berkom & Associates, an estimated $29.5M added.
  • The largest Cerence seller in Q3 2023 was Cooper Creek Partners Management, an estimated $8.7M sold.

Based on aggregated 13F filings for Q3 2023.