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Cerence
CRNC

227 hedge funds and large institutions have $1.1B invested in Cerence in 2023 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 70 increasing their positions, 67 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

121% more call options, than puts

Call options by funds: $11.1M | Put options by funds: $5.01M

8% more capital invested

Capital invested by funds: $1.02B → $1.1B (+$86M)

3.55% more ownership

Funds ownership: 89.84% → 93.39% (+3.5%)

4% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 67

0% less funds holding

Funds holding: 228 → 227 (-1)

3% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 29

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
227
Holders Change
-1
Holders Change %
-0.44%
% of All Funds
3.56%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
28
Increased
70
Reduced
67
Closed
29
Calls
$11.1M
Puts
$5.01M
Net Calls
+$6.07M
Net Calls Change
+$6.36M

Top Buyers

Rank Fund Capital Flow
1
TI
Trigran Investments
Illinois
+$13.9M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$12.2M
3
Ameriprise
Ameriprise
Minnesota
+$12M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$7.34M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$6.52M

Top Sellers

Rank Fund Capital Flow
1
VVP
Vulcan Value Partners
Alabama
-$13.7M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$8.58M
3
CCPM
Cooper Creek Partners Management
New York
-$8.26M
4
BlackRock
BlackRock
New York
-$6.53M
5
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$3.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
KFS
176
Kelly Financial Services
Massachusetts
$6.4K – – –
CAL
177
Capital Advisors Ltd
Ohio
$6K – – –
Northwestern Mutual Wealth Management
178
Northwestern Mutual Wealth Management
Wisconsin
$5.64K -$3.35K -122 -39%
CTA
179
Colonial Trust Advisors
South Carolina
$4.53K – – –
IA
180
IFP Advisors
Florida
$4.53K +$2.74K +100 +182%
SSB
181
Sandy Spring Bank
Maryland
$4.38K – – –
CWA
182
Clearview Wealth Advisors
Oregon
$4.24K – – –
TF
183
TimeScale Financial
Massachusetts
$4.15K – – –
CFFP
184
Center for Financial Planning
Michigan
$4.06K – – –
FP
185
Financial Perspectives
Minnesota
$3.65K – – –
EWA
186
EverSource Wealth Advisors
Alabama
$3.51K – – –
FDCDDQ
187
Federation des caisses Desjardins du Quebec
Quebec, Canada
$3.45K – – –
Bessemer Group
188
Bessemer Group
New Jersey
$3K +$1.18K +43 +51%
CFGS
189
Concourse Financial Group Securities
Alabama
$2.92K -$2.74K -100 -50%
IPW
190
Impact Partnership Wealth
Georgia
$2.92K +$2.74K +100 New
BAAM
191
Baker Avenue Asset Management
California
$2.89K – – –
TWC
192
TD Waterhouse Canada
Ontario, Canada
$2.63K – – –
FMII
193
Farmers & Merchants Investments Inc
Nebraska
$2.6K – – –
EWM
194
Endurance Wealth Management
Rhode Island
$2K – – –
NSG
195
Nalls Sherbakoff Group
Tennessee
$2K – – –
GWSG
196
GPS Wealth Strategies Group
Colorado
$1.99K -$1.12K -41 -38%
CWP
197
Concord Wealth Partners
Virginia
$1.81K – – –
WIM
198
Westside Investment Management
California
$1.81K – – –
TCM
199
TD Capital Management
Tennessee
$1.73K – – –
VWM
200
Venturi Wealth Management
Texas
$1.55K – – –
6 7
8
9 10

CRNC Hedge Fund Activity: Q2 2023 in Review

227 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q2 2023, worth a combined $1.1B — up 8.5% from $1.02B a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of CRNC and 28 opened new positions — a net loss of 1 holder — while 67 trimmed existing stakes and 70 added.

The largest buyer was Trigran Investments, adding an estimated $13.9M. The largest seller was Vulcan Value Partners, exiting entirely with an estimated $13.7M sold.

  • 227 institutional investors held Cerence (CRNC) as of Q2 2023, down from 228 in Q1 2023.
  • Funds reported $1.1B of Cerence stock for Q2 2023, up 8.5% quarter-over-quarter.
  • 28 funds opened new Cerence positions in Q2 2023 and 29 closed out, a net change of -1 holder.
  • The largest Cerence buyer in Q2 2023 was Trigran Investments, an estimated $13.9M added.
  • The largest Cerence seller in Q2 2023 was Vulcan Value Partners, an estimated $13.7M sold.

Based on aggregated 13F filings for Q2 2023.