CNNE β€” CANNAE HLDGS INC

Ownership history in CARRONADE CAPITAL MANAGEMENT, LP  Β·  6 quarters on record

This page tracks every 13F SEC filing in which CARRONADE CAPITAL MANAGEMENT, LP reported a position in CANNAE HLDGS INC (CNNE). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
4.73% (2025 Q2)
πŸ“Š Avg. % of fund
2.11%
πŸ“… First filed
2024 Q3
πŸ“… Last filed
2025 Q4
⏱ Quarters held
6

Position Intelligence

CARRONADE CAPITAL MANAGEMENT, LP Γ— CNNE AI Analytics

πŸ“‰ CARRONADE CAPITAL MANAGEMENT, LP underperformed the S&P 500 by –25.9% annually on this CNNE position. Timing score: 40% (2/5 decisions correct). Average cost basis: $18.27. Maximum drawdown during holding period: –23.2%.

πŸ“ˆ Position Alpha vs SPY
-25.9%
annualised excess return

❌ Significantly underperformed the S&P 500 by 25.9% ann.
5 quarters analyzed

⏱️ Timing Score
40%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
2 of 5 add/trim decisions correct

πŸ’° Entry Quality
$18.27
-15.0% vs current ($15.53)

Best entry: $15.53 (2025 Q4)  Β·  Worst: $20.23 (2025 Q2)

πŸ›‘οΈ Drawdown Resilience
–23.2%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
100%
buy-side decisions

6 adds Β· 0 trims. Bought during 3 of 3 down-price quarters. πŸ‚ Consistently bullish β€” fund kept accumulating this position.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 0.7% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    CNNE price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 6 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 ADDED 3,262,648 +73,621 +2.3% 0.70% $51.3M $15.53
2025 Q3 ADDED 3,189,027 +176,809 +5.9% 1.35% $58.4M $17.91
2025 Q2 ADDED 3,012,218 +138,102 +4.8% 4.73% $62.8M $20.23
2025 Q1 ADDED 2,874,116 +1,145,190 +66.2% 3.09% $52.7M $17.68
2024 Q4 ADDED 1,728,926 +1,024,663 +145.5% 1.88% $34.3M $19.01
2024 Q3 INITIATED 704,263 β€” β€” 0.88% $13.4M $18.14
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