Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cerence Inc (CRNC)

195 + Investors. Track Smart Money conviction in CRNC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — CRNC

Based on 197 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CRNC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
197 hedge funds hold CRNC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+20 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

107 buying109 selling
Last quarter: 107 funds bought or added vs 109 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~43 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 25 → 45 → 38 → 43. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 23% medium ■ 23% new
106 out of 197 hedge funds have held CRNC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -0%, value -43%

Value
-42%
Shares
0%
Last quarter: funds added -0% more shares while total portfolio value only changed -43%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

46 → 25 → 45 → 38 → 43 new funds/Q
New funds entering each quarter: 25 → 45 → 38 → 43. A growing number of institutions are discovering CRNC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 67% veterans vs 23% newcomers

■ 67% veterans ■ 11% 1-2yr ■ 23% new
Entry-cohort mix of 207 holders: 138 (67%) are 2+ year veterans, 22 entered 1–2 years ago, and 47 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 26% AUM from major funds

26% from top-100 AUM funds
42 of 192 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CRNC

In 2026 Q1, 107 hedge funds were net buyers of CRNC (43 opened a new position, 64 added to an existing one), while 109 reduced or exited (65 trimmed, 44 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 26% of total institutional value in CRNC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 197.

Hedge Fund Ownership: CRNC

How many hedge funds hold CRNC — quarterly history vs. share price
Quarterly hedge fund ownership of CRNC vs. share price

Market Analysis: CRNC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CRNC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Cerence Inc (CRNC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CRNC has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
CRNC
+63.0%
XLK
+41.6%

CRNC outperformed XLK by +21.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
CRNC
+5.1%
XLK
+6.8%

Since the filing became public, CRNC outperformed XLK by -1.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

20 top-rated funds 0 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
0.6
/ 10
conviction
Hedge Fund Positioning: CRNC
195 + Investors

Track Smart Money conviction in CRNC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 195 198 -1.52%
13F Shares 38M 38M -0.16%
Total Value $232M $405M -42.78%
New Positions 42 38 +4
Increased Positions 60 67 -7
Closed Positions 45 30 +15
Reduced Positions 64 60 +4
Total Calls 7 8 -12.5%
Total Puts 7 8 -12.5%
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: CRNC

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

195 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CRNC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CRNC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 One Fin Capital Management LP 2.93% 1,300,016 $8.2M
2 American Capital Management Inc 0.85% 2,519,289 $15.9M
3 No Street GP LP 0.64% 1,525,000 $9.6M
4 Paradigm Capital Management Inc/Ny 0.61% 2,507,276 $15.8M
5 Ares Systematic Credit Ltd 0.37% 77,666 $463K
6 Olympiad Research LP 0.24% 12,373 $78K
7 Crawford Fund Management, LLC 0.22% 185,000 $1.2M
8 Themes Management Co LLC 0.19% 48,505 $306K
9 Acorn Financial Advisory Services Inc /Adv 0.09% 109,527 $691K
10 Kovack Advisors, Inc. 0.09% 253,386 $1.7M
11 Oxford Asset Management LLP 0.05% 18,836 $119K
12 Integrated Quantitative Investments LLC 0.04% 36,332 $229K
13 State of Wyoming 0.03% 44,053 $278K
14 Trexquant Investment LP 0.02% 535,040 $3.4M
15 Y-Intercept (Hong Kong) Ltd 0.02% 154,379 $974K
16 Prelude Capital Management, LLC 0.02% 35,172 $222K
17 Connor, Clark & Lunn Investment Management Ltd. 0.02% 1,095,458 $6.9M
18 Federated Hermes, INC. 0.01% 1,236,751 $7.8M
19 XTX Topco Ltd 0.01% 114,314 $721K
20 Numerai GP LLC 0.01% 16,948 $107K
21 Two Sigma Advisers, LP 0.01% 483,600 $5.2M
22 AlphaQuest LLC 0.01% 15,180 $162K
23 WINTON GROUP Ltd 0.01% 38,500 $243K
24 Financial Freedom, LLC 0.01% 2,708 $17K
25 Campbell & CO Investment Adviser LLC 0.01% 19,028 $120K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Cerence Inc (CRNC)

What does the Smart Money Trend signal show for CRNC?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CRNC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CRNC?

Slight buying edge — 50% buying: Last quarter: 107 funds bought or added vs 109 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CRNC holders?

Strong quality — 26% AUM from major funds: 42 of 192 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held CRNC?

54% of holders stayed for 2+ years: 106 out of 197 hedge funds have held CRNC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Cerence Inc (CRNC) following the 2026 Q1 hedge fund 13F filings?

As of today, CRNC has moved +5.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.8% for the XLK sector ETF — an outperformance of -1.7%. Since the quarter end (March 31, 2026), CRNC has gained +63.0% vs +41.6% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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