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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
KTC
201
Kistler-Tiffany Companies
Pennsylvania
$352 – – –
PWMG
202
Prestige Wealth Management Group
New Jersey
$352 – – –
HI
203
Harbour Investments
Wisconsin
$296 – – –
SCA
204
Stonebridge Capital Advisors
Minnesota
$259 -$137 -8 -36%
KFI
205
Key Financial Inc
Pennsylvania
$252 – – –
GWSA
206
Global Wealth Strategies & Associates
Colorado
$222 +$206 +12 New
National Bank of Canada
207
National Bank of Canada
Quebec, Canada
$167 – – –
CFO
208
CVA Family Office
Colorado
$111 – – –
CPG
209
Cornerstone Planning Group
New Jersey
$108 +$86 +5 New
CMA
210
Cedar Mountain Advisors
Oregon
$74 – – –
FWM
211
Focused Wealth Management
New York
$74 – – –
AA
212
Addison Advisors
Vermont
$56 – – –
JWA
213
JFS Wealth Advisors
Pennsylvania
$56 +$51 +3 New
SC
214
Schubert & Co
Texas
$19 -$154 -9 -90%
GRP
215
Global Retirement Partners
California
$19 – – –
SWM
216
Sugarloaf Wealth Management
Georgia
$19 – – –
FGAM
217
Financial Gravity Asset Management
Texas
$17 +$325 +19 New
WIM
218
Westside Investment Management
California
$1 – – –
Wellington Management Group
219
Wellington Management Group
Massachusetts
– -$8.37M -531,344 Closed
GACM
220
Global Alpha Capital Management
Quebec, Canada
– -$7.78M -494,017 Closed
GCM
221
Geneva Capital Management
Wisconsin
– -$3.11M -197,307 Closed
Primecap Management
222
Primecap Management
California
– -$2.99M -190,125 Closed
Balyasny Asset Management
223
Balyasny Asset Management
Illinois
– -$1.28M -81,477 Closed
TC
224
TwinBeech Capital
New York
– -$855K -54,279 Closed
UBS AM
225
UBS AM
Illinois
– -$583K -37,001 Closed
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.