Cerence
CRNC
230 hedge funds and large institutions have $585M invested in Cerence in 2022 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 66 increasing their positions, 87 reducing their positions, and 57 closing their positions.
909% more call options, than puts
Call options by funds: $7.46M | Put options by funds: $739K
4.56% less ownership
Funds ownership: 98.88% → 94.32% (-4.6%)
15% less funds holding
Funds holding: 270 → 230 (-40)
24% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 87
40% less capital invested
Capital invested by funds: $973M → $585M (-$388M)
65% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 57
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCPM
Cooper Creek Partners Management
New York
|
+$26.7M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$6.99M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.62M |
| 4 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$5.82M |
| 5 |
D.E. Shaw & Co
New York
|
+$5.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
-$27.7M |
| 2 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$14.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$13.3M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$9.43M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$7.05M |
CRNC Hedge Fund Activity: Q3 2022 in Review
230 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q3 2022, worth a combined $585M — down 40% from $973M a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of CRNC and 20 opened new positions — a net loss of 37 holders — while 87 trimmed existing stakes and 66 added.
The largest buyer was Cooper Creek Partners Management, adding an estimated $26.7M. The largest seller was GW&K Investment Management, cutting an estimated $27.7M.
- 230 institutional investors held Cerence (CRNC) as of Q3 2022, down from 270 in Q2 2022.
- Funds reported $585M of Cerence stock for Q3 2022, down 40% quarter-over-quarter.
- 20 funds opened new Cerence positions in Q3 2022 and 57 closed out, a net change of -37 holders.
- The largest Cerence buyer in Q3 2022 was Cooper Creek Partners Management, an estimated $26.7M added.
- The largest Cerence seller in Q3 2022 was GW&K Investment Management, an estimated $27.7M sold.
Based on aggregated 13F filings for Q3 2022.