Cerence
CRNC
216 hedge funds and large institutions have $795M invested in Cerence in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 69 increasing their positions, 69 reducing their positions, and 34 closing their positions.
57% more call options, than puts
Call options by funds: $3.5M | Put options by funds: $2.23M
3.35% more ownership
Funds ownership: 93.39% → 96.74% (+3.4%)
0% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 69
5% less funds holding
Funds holding: 227 → 216 (-11)
26% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 34
28% less capital invested
Capital invested by funds: $1.1B → $795M (-$307M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$29.5M |
| 2 |
GACM
Global Alpha Capital Management
Montreal,
Quebec, Canada
|
+$10.1M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.79M |
| 4 |
ACB
Aristotle Capital Boston
Boston,
Massachusetts
|
+$9.42M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$7.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCPM
Cooper Creek Partners Management
New York
|
-$8.7M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$8.43M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$6.6M |
| 4 |
CM
Castleark Management
Chicago,
Illinois
|
-$6.18M |
| 5 |
BlackRock
New York
|
-$4.95M |
CRNC Hedge Fund Activity: Q3 2023 in Review
216 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Cerence (CRNC) for Q3 2023, worth a combined $795M — down 28% from $1.1B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of CRNC and 25 opened new positions — a net loss of 9 holders — while 69 trimmed existing stakes and 69 added.
The largest buyer was Van Berkom & Associates, adding an estimated $29.5M. The largest seller was Cooper Creek Partners Management, cutting an estimated $8.7M.
- 216 institutional investors held Cerence (CRNC) as of Q3 2023, down from 227 in Q2 2023.
- Funds reported $795M of Cerence stock for Q3 2023, down 28% quarter-over-quarter.
- 25 funds opened new Cerence positions in Q3 2023 and 34 closed out, a net change of -9 holders.
- The largest Cerence buyer in Q3 2023 was Van Berkom & Associates, an estimated $29.5M added.
- The largest Cerence seller in Q3 2023 was Cooper Creek Partners Management, an estimated $8.7M sold.
Based on aggregated 13F filings for Q3 2023.