Cerence
CRNC
186 hedge funds and large institutions have $106M invested in Cerence in 2024 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 42 increasing their positions, 54 reducing their positions, and 53 closing their positions.
2% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 53
1% less funds holding
Funds holding: 188 → 186 (-2)
9.19% less ownership
Funds ownership: 98.8% → 89.61% (-9.2%)
22% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 54
82% less call options, than puts
Call options by funds: $1M | Put options by funds: $5.7M
84% less capital invested
Capital invested by funds: $652M → $106M (-$546M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
American Capital Management
New York
|
+$16.8M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$14.5M |
| 3 |
Two Sigma Investments
New York
|
+$6.21M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$5.2M |
| 5 |
D.E. Shaw & Co
New York
|
+$4.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$60.9M |
| 2 |
BlackRock
New York
|
-$26.2M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$18.4M |
| 4 |
ACB
Aristotle Capital Boston
Boston,
Massachusetts
|
-$9.86M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$9.62M |
CRNC Hedge Fund Activity: Q2 2024 in Review
186 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q2 2024, worth a combined $106M — down 84% from $652M a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new CRNC positions and 53 closed out — a net gain of 1 holder — while 42 added to existing stakes and 54 trimmed.
The largest buyer was American Capital Management, adding an estimated $16.8M. The largest seller was Van Berkom & Associates, exiting entirely with an estimated $60.9M sold.
- 186 institutional investors held Cerence (CRNC) as of Q2 2024, down from 188 in Q1 2024.
- Funds reported $106M of Cerence stock for Q2 2024, down 84% quarter-over-quarter.
- 54 funds opened new Cerence positions in Q2 2024 and 53 closed out, a net change of +1 holder.
- The largest Cerence buyer in Q2 2024 was American Capital Management, an estimated $16.8M added.
- The largest Cerence seller in Q2 2024 was Van Berkom & Associates, an estimated $60.9M sold.
Based on aggregated 13F filings for Q2 2024.