Paradigm Capital reports 2.51M shares of Cerence (CRNC) on behalf of clients
Rhea-AI Filing Summary
Cerence Inc. ownership disclosure: Paradigm Capital Management, Inc. reports beneficial ownership of 2,507,276 shares of Cerence common stock, representing 5.55% of the class as of 03/31/2026. The filing states the shares are owned by advisory clients and Paradigm has sole voting and dispositive power over these shares. The report was signed on 05/15/2026.
Positive
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Negative
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Insights
Large advisory holding crosses the 5% reporting threshold.
Paradigm Capital Management reports 2,507,276 shares or 5.55% of Cerence common stock as beneficially owned as of 03/31/2026. The filing attributes sole voting and sole dispositive power to the adviser.
Because the filing notes the securities are owned by advisory clients, voting and disposition reflect client-directed advisory mandates; cash‑flow treatment and specific client identities are not disclosed in the excerpt. Subsequent filings may update holdings.
Disclosure aligns with Schedule 13G passive/investor reporting conventions.
The form lists issuer CUSIP 156727109 and includes the reporting person’s address and citizenship. The statement in Item 6 clarifies the shares are owned by advisory clients, consistent with passive reporting for institutional investors.
Watch for any amended filings if Paradigm’s percentage rises above reporting thresholds or if the firm switches to active reporting status; no such change is stated here.