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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
California State Teachers Retirement System (CalSTRS)
51
California State Teachers Retirement System (CalSTRS)
California
$925K +$9.78K +571 +1%
State of Wisconsin Investment Board
52
State of Wisconsin Investment Board
Wisconsin
$914K -$41.4K -2,418 -5%
KCM
53
Kornitzer Capital Management
Kansas
$851K – – –
COPPSERS
54
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$781K +$107K +6,266 +17%
New York State Teachers Retirement System (NYSTRS)
55
New York State Teachers Retirement System (NYSTRS)
New York
$774K – – –
Thrivent Financial for Lutherans
56
Thrivent Financial for Lutherans
Minnesota
$749K -$5.38K -314 -0.8%
T. Rowe Price Associates
57
T. Rowe Price Associates
Maryland
$741K +$94.2K +5,501 +16%
Prudential Financial
58
Prudential Financial
New Jersey
$737K -$5.55K -324 -0.8%
Fisher Asset Management
59
Fisher Asset Management
Washington
$691K +$639K +37,287 New
SPIA
60
Steward Partners Investment Advisory
New York
$617K -$36.2K -2,115 -6%
WFA
61
WMG Financial Advisors
Tennessee
$617K -$28.8K -1,680 -5%
JF
62
Jump Financial
Illinois
$611K +$130K +7,582 +30%
Russell Investments Group
63
Russell Investments Group
United Kingdom
$605K +$84.2K +4,913 +18%
Wells Fargo
64
Wells Fargo
California
$600K -$179K -10,453 -24%
II
65
Ibex Investors
Colorado
$593K +$548K +32,000 New
ACH
66
ArrowMark Colorado Holdings
Colorado
$561K -$308K -18,000 -37%
SAM
67
Shell Asset Management
Netherlands
$544K +$358K +20,917 +247%
Citigroup
68
Citigroup
New York
$540K -$13.4K -785 -3%
EGM
69
Engineers Gate Manager
New York
$518K -$485K -28,310 -50%
SOADOR
70
State of Alaska Department of Revenue
Alaska
$508K +$2.69K +157 +0.6%
Comerica Bank
71
Comerica Bank
Texas
$507K -$113K -6,595 -22%
New York State Common Retirement Fund
72
New York State Common Retirement Fund
New York
$506K -$344K -20,104 -42%
CAM
73
Connacht Asset Management
New York
$502K -$136K -7,938 -23%
SFI
74
Susquehanna Fundamental Investments
Pennsylvania
$488K -$448K -26,152 -50%
YCM
75
Yousif Capital Management
Michigan
$461K -$114K -6,665 -21%
1 2
3
4 5

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.