Cerence
CRNC
227 hedge funds and large institutions have $1.1B invested in Cerence in 2023 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 70 increasing their positions, 67 reducing their positions, and 29 closing their positions.
121% more call options, than puts
Call options by funds: $11.1M | Put options by funds: $5.01M
8% more capital invested
Capital invested by funds: $1.02B → $1.1B (+$86M)
3.55% more ownership
Funds ownership: 89.84% → 93.39% (+3.5%)
4% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 67
0% less funds holding
Funds holding: 228 → 227 (-1)
3% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 29
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Trigran Investments
Northbrook,
Illinois
|
+$13.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$12.2M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$12M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$7.34M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$6.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$13.7M |
| 2 |
D.E. Shaw & Co
New York
|
-$8.58M |
| 3 |
CCPM
Cooper Creek Partners Management
New York
|
-$8.26M |
| 4 |
BlackRock
New York
|
-$6.53M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$3.93M |
CRNC Hedge Fund Activity: Q2 2023 in Review
227 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q2 2023, worth a combined $1.1B — up 8.5% from $1.02B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of CRNC and 28 opened new positions — a net loss of 1 holder — while 67 trimmed existing stakes and 70 added.
The largest buyer was Trigran Investments, adding an estimated $13.9M. The largest seller was Vulcan Value Partners, exiting entirely with an estimated $13.7M sold.
- 227 institutional investors held Cerence (CRNC) as of Q2 2023, down from 228 in Q1 2023.
- Funds reported $1.1B of Cerence stock for Q2 2023, up 8.5% quarter-over-quarter.
- 28 funds opened new Cerence positions in Q2 2023 and 29 closed out, a net change of -1 holder.
- The largest Cerence buyer in Q2 2023 was Trigran Investments, an estimated $13.9M added.
- The largest Cerence seller in Q2 2023 was Vulcan Value Partners, an estimated $13.7M sold.
Based on aggregated 13F filings for Q2 2023.