Cerence
CRNC
342 hedge funds and large institutions have $3.91B invested in Cerence in 2021 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 115 increasing their positions, 108 reducing their positions, and 32 closing their positions.
150% more call options, than puts
Call options by funds: $83.7M | Put options by funds: $33.4M
69% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 32
21% more capital invested
Capital invested by funds: $3.23B → $3.91B (+$681M)
7% more funds holding
Funds holding: 320 → 342 (+22)
1.22% more ownership
Funds ownership: 95.62% → 96.84% (+1.2%)
6% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 108
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$71.4M |
| 2 |
FAM
Fred Alger Management
New York
|
+$42.7M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$36.1M |
| 4 |
Aberdeen Group
Edinburgh,
United Kingdom
|
+$34.3M |
| 5 |
Goldman Sachs
New York
|
+$22.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Moore Capital Management
New York
|
-$68.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$54.6M |
| 3 |
BlackRock
New York
|
-$32.3M |
| 4 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$11.9M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$11.2M |
CRNC Hedge Fund Activity: Q2 2021 in Review
342 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q2 2021, worth a combined $3.91B — up 21% from $3.23B a quarter earlier.
Buyers outnumbered sellers: 54 funds opened new CRNC positions and 32 closed out — a net gain of 22 holders — while 115 added to existing stakes and 108 trimmed.
The largest buyer was Vulcan Value Partners, adding an estimated $71.4M. The largest seller was Moore Capital Management, cutting an estimated $68.7M.
- 342 institutional investors held Cerence (CRNC) as of Q2 2021, up from 320 in Q1 2021.
- Funds reported $3.91B of Cerence stock for Q2 2021, up 21% quarter-over-quarter.
- 54 funds opened new Cerence positions in Q2 2021 and 32 closed out, a net change of +22 holders.
- The largest Cerence buyer in Q2 2021 was Vulcan Value Partners, an estimated $71.4M added.
- The largest Cerence seller in Q2 2021 was Moore Capital Management, an estimated $68.7M sold.
Based on aggregated 13F filings for Q2 2021.