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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCPM
Cooper Creek Partners Management
New York
|
+$13.6M |
| 2 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$12.1M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$12M |
| 4 |
BlackRock
New York
|
+$6.17M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$10.1M |
| 2 |
Neuberger Berman Group
New York
|
-$9.97M |
| 3 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$8.79M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$8.37M |
| 5 |
GACM
Global Alpha Capital Management
Montreal,
Quebec, Canada
|
-$7.78M |
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.