Cerence
CRNC
228 hedge funds and large institutions have $1.02B invested in Cerence in 2023 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 60 increasing their positions, 67 reducing their positions, and 29 closing their positions.
52% more capital invested
Capital invested by funds: $667M → $1.02B (+$348M)
31% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 29
2% more funds holding
Funds holding: 223 → 228 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less call options, than puts
Call options by funds: $5.87M | Put options by funds: $6.16M
1.39% less ownership
Funds ownership: 91.23% → 89.84% (-1.4%)
10% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 67
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Trigran Investments
Northbrook,
Illinois
|
+$17.4M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$15M |
| 3 |
OAM
Ophir Asset Management
Sydney,
Australia
|
+$14.3M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.87M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$9.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCPM
Cooper Creek Partners Management
New York
|
-$18.8M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$14.1M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$10.3M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$8.75M |
| 5 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$8.71M |
CRNC Hedge Fund Activity: Q1 2023 in Review
228 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q1 2023, worth a combined $1.02B — up 52% from $667M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new CRNC positions and 29 closed out — a net gain of 9 holders — while 60 added to existing stakes and 67 trimmed.
The largest buyer was Trigran Investments, opening a new position worth an estimated $17.4M. The largest seller was Cooper Creek Partners Management, cutting an estimated $18.8M.
- 228 institutional investors held Cerence (CRNC) as of Q1 2023, up from 223 in Q4 2022.
- Funds reported $1.02B of Cerence stock for Q1 2023, up 52% quarter-over-quarter.
- 38 funds opened new Cerence positions in Q1 2023 and 29 closed out, a net change of +9 holders.
- The largest Cerence buyer in Q1 2023 was Trigran Investments, an estimated $17.4M added.
- The largest Cerence seller in Q1 2023 was Cooper Creek Partners Management, an estimated $18.8M sold.
Based on aggregated 13F filings for Q1 2023.