Cerence
CRNC
270 hedge funds and large institutions have $973M invested in Cerence in 2022 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 89 increasing their positions, 85 reducing their positions, and 37 closing their positions.
1.05% more ownership
Funds ownership: 97.83% → 98.88% (+1.1%)
5% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 85
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 286 → 270 (-16)
15% less call options, than puts
Call options by funds: $9.8M | Put options by funds: $11.6M
24% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 37
30% less capital invested
Capital invested by funds: $1.38B → $973M (-$411M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$23.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$16M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$14.4M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$13.5M |
| 5 |
Goldman Sachs
New York
|
+$13.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$21.4M |
| 2 |
JP Morgan Chase
New York
|
-$18.3M |
| 3 |
Handelsbanken Fonder
Stockholm,
Sweden
|
-$12.9M |
| 4 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
-$9M |
| 5 |
Two Sigma Investments
New York
|
-$7.77M |
CRNC Hedge Fund Activity: Q2 2022 in Review
270 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q2 2022, worth a combined $973M — down 30% from $1.38B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of CRNC and 28 opened new positions — a net loss of 9 holders — while 85 trimmed existing stakes and 89 added.
The largest buyer was Ameriprise, adding an estimated $23.8M. The largest seller was Vulcan Value Partners, cutting an estimated $21.4M.
- 270 institutional investors held Cerence (CRNC) as of Q2 2022, down from 286 in Q1 2022.
- Funds reported $973M of Cerence stock for Q2 2022, down 30% quarter-over-quarter.
- 28 funds opened new Cerence positions in Q2 2022 and 37 closed out, a net change of -9 holders.
- The largest Cerence buyer in Q2 2022 was Ameriprise, an estimated $23.8M added.
- The largest Cerence seller in Q2 2022 was Vulcan Value Partners, an estimated $21.4M sold.
Based on aggregated 13F filings for Q2 2022.