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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
DFCM
176
Dark Forest Capital Management
Puerto Rico
$2.21K +$2.04K +119 New
LJHT
177
Laurie J. Hall Trustee
$2K -$1.28K -75 -39%
Bessemer Group
178
Bessemer Group
New Jersey
$2K – – –
AWM
179
Avior Wealth Management
Nebraska
$1.85K – – –
MWM
180
MinichMacGregor Wealth Management
New York
$1.85K +$1.71K +100 New
BAAM
181
Baker Avenue Asset Management
California
$1.83K +$1.7K +99 New
KIA
182
Kraematon Investment Advisors
Massachusetts
$1.78K +$1.64K +96 New
TWC
183
TD Waterhouse Canada
Ontario, Canada
$1.72K – – –
BAM
184
Belpointe Asset Management
Nevada
$1.54K +$1.42K +83 New
RBC
185
Romano Brothers & Co
Illinois
$1.33K +$1.23K +72 New
CWP
186
Concord Wealth Partners
Virginia
$1.15K +$1.06K +62 New
TCM
187
TD Capital Management
Tennessee
$1.09K – – –
BTI
188
Blue Trust Inc
Georgia
$1K -$34 -2 -5%
BWM
189
Baystate Wealth Management
Massachusetts
$1K – – –
BFEC
190
Benjamin F. Edwards & Company
Missouri
$1K – – –
EWM
191
Endurance Wealth Management
Rhode Island
$1K – – –
MTIC
192
Missouri Trust & Investment Company
Missouri
$1K – – –
SWM
193
Spire Wealth Management
Virginia
$1K +$1.03K +60 New
CSPAM
194
Cary Street Partners Asset Management
Virginia
$927 – – –
ZIG
195
Zullo Investment Group
Pennsylvania
$815 – – –
AF
196
Advisornet Financial
Minnesota
$741 – – –
CA
197
Clearstead Advisors
Ohio
$649 – – –
GWS
198
Glassman Wealth Services
Virginia
$463 -$51 -3 -11%
FFA
199
Fairfield Financial Advisors
Massachusetts
$463 – – –
MCM
200
Manchester Capital Management
Vermont
$445 -$34 -2 -8%
6 7
8
9 10

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.