Cerence
CRNC
218 hedge funds and large institutions have $513M invested in Cerence in 2020 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 64 increasing their positions, 66 reducing their positions, and 60 closing their positions.
47% more call options, than puts
Call options by funds: $872K | Put options by funds: $592K
5.71% more ownership
Funds ownership: 85.26% → 90.97% (+5.7%)
3% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 66
8% less funds holding
Funds holding: 236 → 218 (-18)
25% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 60
27% less capital invested
Capital invested by funds: $703M → $513M (-$190M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCA
Bernzott Capital Advisors
Camarillo,
California
|
+$19.4M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$15.1M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$14.6M |
| 4 |
IP
Isomer Partners
New York
|
+$13.7M |
| 5 |
BC
Brahman Capital
New York
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RC
RGM Capital
Naples,
Florida
|
-$18.2M |
| 2 |
NM
Nokota Management
New York
|
-$9.13M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$6.46M |
| 4 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$5.67M |
| 5 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
-$5.21M |
CRNC Hedge Fund Activity: Q1 2020 in Review
218 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q1 2020, worth a combined $513M — down 27% from $703M a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of CRNC and 45 opened new positions — a net loss of 15 holders — while 66 trimmed existing stakes and 64 added.
The largest buyer was Bernzott Capital Advisors, opening a new position worth an estimated $19.4M. The largest seller was RGM Capital, exiting entirely with an estimated $18.2M sold.
- 218 institutional investors held Cerence (CRNC) as of Q1 2020, down from 236 in Q4 2019.
- Funds reported $513M of Cerence stock for Q1 2020, down 27% quarter-over-quarter.
- 45 funds opened new Cerence positions in Q1 2020 and 60 closed out, a net change of -15 holders.
- The largest Cerence buyer in Q1 2020 was Bernzott Capital Advisors, an estimated $19.4M added.
- The largest Cerence seller in Q1 2020 was RGM Capital, an estimated $18.2M sold.
Based on aggregated 13F filings for Q1 2020.