Cerence
CRNC
362 hedge funds and large institutions have $3.66B invested in Cerence in 2021 Q3 according to their latest regulatory filings, with 64 funds opening new positions, 99 increasing their positions, 116 reducing their positions, and 41 closing their positions.
56% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 41
22% more call options, than puts
Call options by funds: $47.1M | Put options by funds: $38.5M
6% more funds holding
Funds holding: 342 → 362 (+20)
3.29% more ownership
Funds ownership: 96.84% → 100.13% (+3.3%)
6% less capital invested
Capital invested by funds: $3.91B → $3.66B (-$253M)
15% less repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 116
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$148M |
| 2 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$43.3M |
| 3 |
State Street
Boston,
Massachusetts
|
+$43M |
| 4 |
Bank of New York Mellon
New York
|
+$25.3M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$24.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$49.6M |
| 2 |
MCM
Moore Capital Management
New York
|
-$29.7M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$28.5M |
| 4 |
BSA
Braun Stacey Associates
New York
|
-$27.4M |
| 5 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$19.7M |
CRNC Hedge Fund Activity: Q3 2021 in Review
362 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q3 2021, worth a combined $3.66B — down 6.5% from $3.91B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new CRNC positions and 41 closed out — a net gain of 23 holders — while 99 added to existing stakes and 116 trimmed.
The largest buyer was BlackRock, adding an estimated $148M. The largest seller was Fred Alger Management, cutting an estimated $49.6M.
- 362 institutional investors held Cerence (CRNC) as of Q3 2021, up from 342 in Q2 2021.
- Funds reported $3.66B of Cerence stock for Q3 2021, down 6.5% quarter-over-quarter.
- 64 funds opened new Cerence positions in Q3 2021 and 41 closed out, a net change of +23 holders.
- The largest Cerence buyer in Q3 2021 was BlackRock, an estimated $148M added.
- The largest Cerence seller in Q3 2021 was Fred Alger Management, an estimated $49.6M sold.
Based on aggregated 13F filings for Q3 2021.