Newtyn Management (CNNE) reports 7.6% Cannae Holdings stake via two funds

Rhea-AI Filing Summary

Newtyn Management, LLC reported its ownership stake in Cannae Holdings, Inc. common stock. As of December 31, 2025, Newtyn may be deemed to beneficially own 3,548,509 shares of Cannae’s common stock, representing 7.6% of the outstanding shares based on 46,700,000 shares outstanding.

The position is held through two limited partnerships it manages: Newtyn TE Partners, LP, with 2,228,463 shares, and Newtyn Partners, LP, with 1,320,046 shares. Newtyn has sole voting and dispositive power over the reported shares and states the holdings are in the ordinary course of business, not for the purpose of changing or influencing control of Cannae.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Cannae Holdings, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value

(Title of Class of Securities)

13765N107

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 13765N107

1

Names of Reporting Persons

Newtyn Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,548,509.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,548,509.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,548,509.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.6 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: See Item 2 for additional information.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Cannae Holdings, Inc.
(b)	Address of issuer's principal executive offices: 1701 Village Center Circle, Las Vegas, Nevada 89134
Item 2.
(a)	Name of person filing: This report on Schedule 13G is being filed by Newtyn Management, LLC, a New York limited liability company (the "Reporting Person"). The Reporting Person is the investment manager to Newtyn TE Partners, LP, a Delaware limited partnership ("NTE"), and Newtyn Partners, LP, a Delaware limited partnership ("NP"). As of December 31, 2025, NTE held 2,228,463 shares of common stock, $0.0001 par value (the "Common Stock"), of Cannae Holdings, Inc. (the "Issuer") and NP held 1,320,046 shares of Common Stock of the Issuer. The Reporting Person, as the investment manager to NTE and NP, may be deemed to beneficially own these securities. Accordingly, as of December 31, 2025, the Reporting Person may be deemed to beneficially own the 3,548,509 shares of Common Stock of the Issuer held in the aggregate by NTE and NP. Beneficial ownership percentages are based upon approximately 46,700,000 shares of Common Stock issued and outstanding as of December 31, 2025, based on information reported by the Issuer on the Issuer's website.
(b)	Address or principal business office or, if none, residence: The address for the Reporting Person is 60 East 42nd Street, 12th Floor, New York, NY 10165.
(c)	Citizenship: The Reporting Person is organized under the laws of the State of New York.
(d)	Title of class of securities: Common Stock, $0.0001 par value
(e)	CUSIP No.: 13765N107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,548,509.00
(b)	Percent of class: 7.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,548,509.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 3,548,509.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Newtyn Management, LLC

Signature:	/s/ Eugene Dozortsev
Name/Title:	Eugene Dozortsev, Authorized Signatory
Date:	02/17/2026

FAQ

How many Cannae Holdings (CNNE) shares does Newtyn Management report owning?

Newtyn Management, LLC reports beneficial ownership of 3,548,509 Cannae Holdings common shares. These shares are held in the aggregate through Newtyn TE Partners, LP and Newtyn Partners, LP, making Newtyn the investment manager with sole voting and dispositive power over the reported position.

What percentage of Cannae Holdings (CNNE) does Newtyn Management’s stake represent?

Newtyn Management’s reported 3,548,509 Cannae Holdings shares represent 7.6% of the common stock. This percentage is based on approximately 46,700,000 Cannae common shares outstanding as of December 31, 2025, using information reported by Cannae on its website.

How is Newtyn Management’s Cannae (CNNE) position held across its funds?

The stake is split between two partnerships managed by Newtyn. Newtyn TE Partners, LP holds 2,228,463 Cannae common shares, while Newtyn Partners, LP holds 1,320,046 shares. Newtyn Management, LLC may be deemed to beneficially own all 3,548,509 shares through its investment management role.

Does Newtyn Management seek control of Cannae Holdings (CNNE) with this stake?

Newtyn certifies the securities were acquired and are held in the ordinary course of business. It states the holdings were not acquired and are not held to change or influence control of Cannae, other than activities solely connected with a nomination under Rule 240.14a-11.

What voting and dispositive power does Newtyn Management have over Cannae (CNNE) shares?

Newtyn reports sole voting power and sole dispositive power over 3,548,509 Cannae common shares. It reports zero shared voting and zero shared dispositive power, indicating decisions to vote or dispose rest solely with Newtyn in its capacity as investment manager for the holding entities.

As of what date is Newtyn Management’s Cannae (CNNE) ownership information reported?

The ownership information is reported as of December 31, 2025. Both the share counts held by Newtyn TE Partners, LP and Newtyn Partners, LP, and the 46,700,000 Cannae common shares outstanding used for the 7.6% calculation, are tied to this same reporting date.