Cerence
CRNC
261 hedge funds and large institutions have $1.8B invested in Cerence in 2020 Q3 according to their latest regulatory filings, with 55 funds opening new positions, 69 increasing their positions, 84 reducing their positions, and 34 closing their positions.
129% more call options, than puts
Call options by funds: $44.7M | Put options by funds: $19.5M
62% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 34
14% more capital invested
Capital invested by funds: $1.58B → $1.8B (+$220M)
8% more funds holding
Funds holding: 241 → 261 (+20)
5.56% less ownership
Funds ownership: 106.2% → 100.64% (-5.6%)
18% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 84
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$33.9M |
| 2 |
GCM
Geneva Capital Management
Milwaukee,
Wisconsin
|
+$22.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$18.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$16.8M |
| 5 |
HAM
Honeycomb Asset Management
New York
|
+$15.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$73.7M |
| 2 |
BC
Brahman Capital
New York
|
-$27.5M |
| 3 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$22.3M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$18.8M |
| 5 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$11.9M |
CRNC Hedge Fund Activity: Q3 2020 in Review
261 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q3 2020, worth a combined $1.8B — up 14% from $1.58B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new CRNC positions and 34 closed out — a net gain of 21 holders — while 69 added to existing stakes and 84 trimmed.
The largest buyer was Franklin Resources, adding an estimated $33.9M. The largest seller was First Trust Advisors, exiting entirely with an estimated $73.7M sold.
- 261 institutional investors held Cerence (CRNC) as of Q3 2020, up from 241 in Q2 2020.
- Funds reported $1.8B of Cerence stock for Q3 2020, up 14% quarter-over-quarter.
- 55 funds opened new Cerence positions in Q3 2020 and 34 closed out, a net change of +21 holders.
- The largest Cerence buyer in Q3 2020 was Franklin Resources, an estimated $33.9M added.
- The largest Cerence seller in Q3 2020 was First Trust Advisors, an estimated $73.7M sold.
Based on aggregated 13F filings for Q3 2020.