CANNAE HLDGS INC CNNE
COM · Common Stock · CUSIP 13765N107 · ISIN US13765N1072
- SectorConsumer discretionary
- IndustryRetail-Eating & Drinking Places
- HeadquartersLas Vegas, NV
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($418.3k this quarter). Holder counts are more reliable. Shares outstanding: 73.4m as of 2023-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $20.20. Options: 4 managers hold calls ($139.4k notional), 2 hold puts ($52.5k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 207 |
| Q4 2022 | 222 |
| Q1 2023 | 203 |
| Q2 2023 | 187 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 90 | 112 |
| Q1 2023 | 91 | 112 |
| Q2 2023 | 83 | 96 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $0 | $13.0k | — |
| Q4 2022 | $1.1m | $10.1k | 0.01 |
| Q1 2023 | $1.1m | $18.1k | 0.02 |
| Q2 2023 | $139.4k | $52.5k | 0.38 |
Biggest buyers
| Newtyn Management, LLC | Added | +760.7k |
| Palliser Capital (UK) Ltd | Added | +607.2k |
| Man Group plc | New | +369.2k |
| River Road Asset Management, LLC | Added | +311.4k |
| Epoch Investment Partners, Inc. | Added | +310.0k |
| Nuveen Asset Management, LLC | Added | +256.8k |
| Clayton Partners LLC | New | +244.7k |
| GOLDMAN SACHS GROUP INC | Added | +142.0k |
| BlackRock Inc. | Added | +140.3k |
| PRUDENTIAL FINANCIAL INC | Added | +81.8k |
Biggest sellers
| FMR LLC | Reduced | -7.8m |
| Empyrean Capital Partners, LP | Sold out | -990.0k |
| Man Group plc | Sold out | -622.2k |
| DAVENPORT & Co LLC | Reduced | -508.2k |
| CITADEL ADVISORS LLC | Reduced | -424.8k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -422.0k |
| VANGUARD GROUP INC | Reduced | -189.5k |
| Polar Capital Holdings Plc | Reduced | -167.1k |
| Assenagon Asset Management S.A. | Reduced | -140.0k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | Reduced | -115.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $117.2k5.8k shares |
| GROUP ONE TRADING LLC | Added | $20.2k1.0k shares |
| SIMPLEX TRADING, LLC | New | $2.0k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $52.5k2.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FOLEY WILLIAM P II 13G · exempt (held before listing) +1.5 pts · filed 2026-05-12 | 11.3% |
| CARRONADE CAPITAL MANAGEMENT, LP 13D · may seek influence +1.0 pts · filed 2026-10-05 | 8.8% |
| Newtyn Management, LLC 13G · institution +1.5 pts · filed 2026-02-17 | 7.6% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 7.4% |
| BlackRock Portfolio Management LLC 13G · institution new · filed 2026-10-27 | 5.8% |
| PRIVATE MANAGEMENT GROUP INC 13G · institution new · filed 2026-05-11 | 5.1% |
Fell to 5% or below in the last year: River Road Asset Management, LLC (4.2%, 2026-04-30), VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 2 | $510.7k | 0 | — | — |
| Q2 2022 | 2 | $578.4k | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 1 | $900.5k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-05-12 | Massey Richard N Chief Executive Officer, director | Bought | $900.5k50.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 7.6m $154.3m | Reduced -189.5k |
| BlackRock Inc. 0.00% of their portfolio | 6.3m $128.3m | Added +140.3k |
| River Road Asset Management, LLC 1.66% of their portfolio | 5.9m $120.1m | Added +311.4k |
| DAVENPORT & Co LLC 0.86% of their portfolio | 5.7m $114.6m | Reduced -508.2k |
| Nitorum Capital, L.P. 5.29% of their portfolio | 2.6m $52.3m | Unchanged |
| FMR LLC 0.00% of their portfolio | 2.4m $49.1m | Reduced -7.8m |
| Newtyn Management, LLC 9.60% of their portfolio | 2.0m $40.6m | Added +760.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.8m $37.1m | Reduced -422.0k |
| STATE STREET CORP 0.00% of their portfolio | 1.6m $32.8m | Reduced -7.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $28.2m | Added +56.1k |
| LONDON CO OF VIRGINIA 0.15% of their portfolio | 1.3m $27.0m | Added +73.7k |
| VR Advisory Services Ltd 7.82% of their portfolio | 1.2m $24.3m | Reduced -48.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $22.9m | Added +142.0k |
| Palliser Capital (UK) Ltd 23.04% of their portfolio | 1.1m $22.8m | Added +607.2k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.31% of their portfolio | 951.9k $19.2m | Added +23.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 917.8k $18.5m | Reduced -33.0k |
| NORGES BANK 0.00% of their portfolio | 841.3k $17.0m | Added +46.0k |
| Jefferies Financial Group Inc. 0.36% of their portfolio | 840.5k $17.0m | Added +80.5k |
| Marathon Asset Management Ltd 0.47% of their portfolio | 825.1k $16.7m | Reduced -92.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 787.5k $15.9m | Reduced -8.7k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 743.8k $15.0m | Added +256.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 707.8k $14.3m | Added +909 |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 638.1k $12.9m | Added +6.3k |
| Polar Capital Holdings Plc 0.08% of their portfolio | 591.3k $12.0m | Reduced -167.1k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.18% of their portfolio | 565.2k $11.4m | Reduced -49.4k |
| Carlson Capital, L.P. 0.78% of their portfolio | 452.1k $9.1m | Added +36.1k |
| LOOMIS SAYLES & CO L P 0.01% of their portfolio | 413.1k $8.3m | Added +42.5k |
| Epoch Investment Partners, Inc. 0.05% of their portfolio | 393.5k $8.0m | Added +310.0k |
| Man Group plc 0.02% of their portfolio | 369.2k $7.5m | New |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 344.5k $7.0m | Reduced -3.6k |
| Poehling Capital Management, INC. 2.32% of their portfolio | 340.3k $6.9m | Added +26.3k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 338.4k $6.8m | Added +81.8k |
| Crescent Grove Advisors, LLC 0.67% of their portfolio | 310.6k $6.3m | Added +1.5k |
| Ancora Advisors LLC 0.15% of their portfolio | 285.5k $5.8m | Added +36.6k |
| Palogic Value Management, L.P. 2.66% of their portfolio | 280.0k $5.7m | Added +40.0k |
| Invesco Ltd. 0.00% of their portfolio | 271.4k $5.5m | Added +6.7k |
| PEAPACK GLADSTONE FINANCIAL CORP 0.10% of their portfolio | 269.0k $5.4m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 258.2k $5.2m | Reduced -53.0k |
| Clayton Partners LLC 4.27% of their portfolio | 244.7k $4.9m | New |
| Legal & General Group Plc 0.00% of their portfolio | 232.6k $4.7m | Reduced -817 |
| Assenagon Asset Management S.A. 0.02% of their portfolio | 221.0k $4.5m | Reduced -140.0k |
| CONTINENTAL ADVISORS LLC 3.91% of their portfolio | 219.0k $4.4m | Reduced -2.6k |
| MORGAN STANLEY 0.00% of their portfolio | 206.5k $4.2m | Reduced -18.6k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 186.0k $3.8m | Reduced -115.5k |
| Hillsdale Investment Management Inc. 0.34% of their portfolio | 185.3k $3.7m | Reduced -24.2k |
| Zimmer Partners, LP 0.09% of their portfolio | 175.0k $3.5m | Reduced -87.5k |
| Triad Investment Management 4.80% of their portfolio | 170.6k $3.4m | Added +5.5k |
| Swiss National Bank 0.00% of their portfolio | 157.7k $3.2m | Added +6.2k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 140.7k $2.8m | Added +39.1k |
| HOLLENCREST CAPITAL MANAGEMENT 0.27% of their portfolio | 128.4k $2.6m | Unchanged |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 126.5k $2.6m | Added +4.8k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 121.9k $2.5m | Added +20.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 116.7k $2.4m | Added +5.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 116.2k $2.3m | Added +25.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 113.4k $2.3m | Added +37.8k |
| UBS Group AG 0.00% of their portfolio | 112.1k $2.3m | Added +22.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 102.6k $2.1m | Reduced -17.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 100.9k $2.0m | Added +5.2k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 100.4k $2.0m | Added +8.5k |
| Aristides Capital LLC 1.15% of their portfolio | 95.9k $1.9m | Added +24.9k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 95.2k $1.9m | Reduced -1.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 92.2k $1.9m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 90.7k $1.8m | Added +26.6k |
| HighTower Advisors, LLC 0.00% of their portfolio | 89.0k $1.8m | Reduced -136 |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 88.5k $1.8m | Added +22.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 87.6k $1.8m | Added +46 |
| ADVISORY RESEARCH INC 0.22% of their portfolio | 83.9k $1.7m | Added +707 |
| GSA CAPITAL PARTNERS LLP 0.16% of their portfolio | 80.1k $1.6m | Added +35.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 80.0k $1.6m | Reduced -38.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 73.4k $1.5m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 65.1k $1.3m | Added +14.3k |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 63.4k $1.3m | Reduced -14.9k |
| GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio | 61.4k $1.2m | Added +7.0k |
| Inlet Private Wealth, LLC 0.27% of their portfolio | 52.4k $1.1m | Reduced -58.8k |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 48.7k $984.6k | Added +100 |
| Horrell Capital Management, Inc. 0.30% of their portfolio | 47.9k $968.0k | Reduced -50 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 47.0k $949.6k | Added +16.0k |
| Lombard Odier Asset Management (USA) Corp 0.10% of their portfolio | 45.8k $926.1k | Unchanged |
| HRT FINANCIAL LP 0.01% of their portfolio | 45.3k $915.0k | Reduced -33.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 43.1k $870.5k | Reduced -424.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 42.4k $856.8k | Added +4.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 41.2k $833.3k | Added +29.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 40.1k $811.0k | Added +22.0k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 38.4k $777.4k | Reduced -6.3k |
| BARCLAYS PLC 0.00% of their portfolio | 37.9k $766.0k | Reduced -9.7k |
| Graham Capital Management, L.P. 0.03% of their portfolio | 37.8k $764.3k | Added +17.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 37.3k $753.6k | Reduced -15.3k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 37.2k $752.0k | Added +866 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 37.2k $752.0k | Added +887 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 34.9k $706.0k | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 34.6k $699.7k | Reduced -52 |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 34.5k $696.6k | Added +955 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 34.0k $686.5k | Reduced -95 |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 33.2k $670.5k | Added +3.7k |
| ALGERT GLOBAL LLC 0.03% of their portfolio | 30.9k $624.5k | Reduced -12.6k |
| CITIGROUP INC 0.00% of their portfolio | 30.2k $609.9k | Added +21.8k |
| Walleye Capital LLC 0.01% of their portfolio | 30.1k $608.9k | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 29.8k $602.9k | Reduced -606 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 29.4k $593.7k | Reduced -14.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 29.3k $591.7k | Added +82 |