Cerence
CRNC
320 hedge funds and large institutions have $3.23B invested in Cerence in 2021 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 107 increasing their positions, 104 reducing their positions, and 53 closing their positions.
163% more call options, than puts
Call options by funds: $68.6M | Put options by funds: $26.1M
3% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 104
2% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 53
2% less funds holding
Funds holding: 326 → 320 (-6)
3.16% less ownership
Funds ownership: 98.78% → 95.62% (-3.2%)
13% less capital invested
Capital invested by funds: $3.72B → $3.23B (-$484M)
60% less funds holding in top 10
Funds holding in top 10: 10 → 4 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Moore Capital Management
New York
|
+$87.8M |
| 2 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
+$43.6M |
| 3 |
ClearBridge Investments
New York
|
+$28M |
| 4 |
BlackRock
New York
|
+$26.7M |
| 5 |
Goldman Sachs
New York
|
+$22.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IP
Isomer Partners
New York
|
-$82.5M |
| 2 |
SAM
Silvercrest Asset Management
New York
|
-$78.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$43.4M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$28.9M |
| 5 |
BCA
Bernzott Capital Advisors
Camarillo,
California
|
-$24.6M |
CRNC Hedge Fund Activity: Q1 2021 in Review
320 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q1 2021, worth a combined $3.23B — down 13% from $3.72B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of CRNC and 52 opened new positions — a net loss of 1 holder — while 104 trimmed existing stakes and 107 added.
The largest buyer was Moore Capital Management, adding an estimated $87.8M. The largest seller was Isomer Partners, cutting an estimated $82.5M.
- 320 institutional investors held Cerence (CRNC) as of Q1 2021, down from 326 in Q4 2020.
- Funds reported $3.23B of Cerence stock for Q1 2021, down 13% quarter-over-quarter.
- 52 funds opened new Cerence positions in Q1 2021 and 53 closed out, a net change of -1 holder.
- The largest Cerence buyer in Q1 2021 was Moore Capital Management, an estimated $87.8M added.
- The largest Cerence seller in Q1 2021 was Isomer Partners, an estimated $82.5M sold.
Based on aggregated 13F filings for Q1 2021.