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. Holder counts are more reliable. Shares outstanding: 62.7m as of 2024-07-31, 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 ≈ $18.13. Options: 3 managers hold calls ($146.1k notional), 3 hold puts ($130.6k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 207 |
| Q4 2022 | 222 |
| Q1 2023 | 203 |
| Q2 2023 | 187 |
| Q3 2023 | 197 |
| Q4 2023 | 222 |
| Q1 2024 | 218 |
| Q2 2024 | 205 |
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 |
| Q3 2023 | 96 | 82 |
| Q4 2023 | 93 | 99 |
| Q1 2024 | 100 | 111 |
| Q2 2024 | 94 | 112 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $127.8k | $44.7k | 0.35 |
| Q4 2023 | $6.0m | $132.7k | 0.02 |
| Q1 2024 | $493.0k | $2.3m | 4.58 |
| Q2 2024 | $146.1k | $130.6k | 0.89 |
Biggest buyers
| Driehaus Capital Management LLC | New | +1.0m |
| FMR LLC | Added | +640.6k |
| AREX Capital Management, LP | Added | +432.3k |
| Centiva Capital, LP | New | +408.7k |
| Saba Capital Management, L.P. | New | +397.9k |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +316.5k |
| PRUDENTIAL FINANCIAL INC | Added | +250.0k |
| THOMPSON SIEGEL & WALMSLEY LLC | Added | +225.2k |
| Verition Fund Management LLC | Added | +216.8k |
| Rubric Capital Management LP | Added | +216.0k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.5m |
| Newtyn Management, LLC | Reduced | -1.3m |
| MORGAN STANLEY | Reduced | -928.7k |
| VANGUARD GROUP INC | Reduced | -832.6k |
| Bank of New York Mellon Corp | Reduced | -758.1k |
| DAVENPORT & Co LLC | Reduced | -756.6k |
| BARCLAYS PLC | Reduced | -675.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -639.9k |
| BlackRock Inc. | Reduced | -482.5k |
| Epoch Investment Partners, Inc. | Sold out | -473.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $145.1k8.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.0k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $123.4k6.8k shares |
| GROUP ONE TRADING LLC | Unchanged | $7.3k400 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 2024
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 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 1 | $900.5k | 0 | — | — |
| Q3 2023 | 1 | $933.0k | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $3.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-24 | Massey Richard N Director | Sold | $499.1k25.8k shares |
| 2024-04-17 | Massey Richard N Chief Executive Officer, director | Sold | $588.9k30.0k shares |
| 2024-04-10 | Massey Richard N Chief Executive Officer, director | Sold | $1.0m50.0k shares |
| 2024-04-09 | Massey Richard N Chief Executive Officer, director | Sold | $1.0m50.0k shares |
| 2024-04-05 | Massey Richard N Chief Executive Officer, director | Sold | $474.1k23.1k 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 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.00% of their portfolio | 5.6m $102.3m | Reduced -482.5k |
| River Road Asset Management, LLC 1.46% of their portfolio | 5.6m $101.9m | Added +152.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.5m $99.6m | Reduced -832.6k |
| DAVENPORT & Co LLC 0.44% of their portfolio | 3.8m $69.3m | Reduced -756.6k |
| FMR LLC 0.00% of their portfolio | 2.3m $40.9m | Added +640.6k |
| Nitorum Capital, L.P. 4.19% of their portfolio | 2.1m $38.4m | Reduced -341.8k |
| STATE STREET CORP 0.00% of their portfolio | 1.6m $28.7m | Reduced -117.3k |
| LONDON CO OF VIRGINIA 0.15% of their portfolio | 1.5m $26.9m | Added +102.7k |
| Rubric Capital Management LP 0.68% of their portfolio | 1.4m $25.9m | Added +216.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.3m $23.7m | Reduced -144.7k |
| AREX Capital Management, LP 26.12% of their portfolio | 1.3m $22.9m | Added +432.3k |
| Driehaus Capital Management LLC 0.18% of their portfolio | 1.0m $18.6m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 820.0k $14.9m | Added +129.5k |
| Newtyn Management, LLC 2.66% of their portfolio | 782.4k $14.2m | Reduced -1.3m |
| THOMPSON SIEGEL & WALMSLEY LLC 0.21% of their portfolio | 724.0k $13.1m | Added +225.2k |
| Poehling Capital Management, INC. 3.55% of their portfolio | 715.0k $13.0m | Added +6.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 693.7k $12.6m | Added +8.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 689.3k $12.5m | Reduced -122.8k |
| Marathon Asset Management Ltd 0.38% of their portfolio | 668.3k $12.1m | Reduced -43.4k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 578.7k $10.5m | Reduced -102.1k |
| Man Group plc 0.02% of their portfolio | 485.3k $8.8m | Added +95.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 482.7k $8.8m | Added +35.2k |
| Polar Capital Holdings Plc 0.05% of their portfolio | 465.5k $8.4m | Reduced -4.5k |
| Centiva Capital, LP 0.36% of their portfolio | 408.7k $7.4m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 406.8k $7.4m | Added +316.5k |
| Saba Capital Management, L.P. 0.16% of their portfolio | 397.9k $7.2m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 389.5k $7.1m | Reduced -639.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 326.9k $5.9m | Added +26.9k |
| Crescent Grove Advisors, LLC 0.63% of their portfolio | 318.9k $5.8m | Added +1.1k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 318.1k $5.8m | Reduced -12.9k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 307.5k $5.6m | Added +250.0k |
| Ancora Advisors LLC 0.14% of their portfolio | 302.5k $5.5m | Reduced -209.7k |
| MORGAN STANLEY 0.00% of their portfolio | 298.3k $5.4m | Reduced -928.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 291.1k $5.3m | Reduced -758.1k |
| Invesco Ltd. 0.00% of their portfolio | 283.4k $5.1m | Reduced -13.6k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.09% of their portfolio | 277.0k $5.0m | Reduced -53.2k |
| Verition Fund Management LLC 0.04% of their portfolio | 275.2k $5.0m | Added +216.8k |
| PEAPACK GLADSTONE FINANCIAL CORP 0.07% of their portfolio | 269.0k $4.9m | Unchanged |
| CONTINENTAL ADVISORS LLC 3.35% of their portfolio | 238.6k $4.3m | Added +89.3k |
| Legal & General Group Plc 0.00% of their portfolio | 228.9k $4.2m | Reduced -5.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 225.6k $4.1m | Added +36.4k |
| Bulldog Investors, LLP 1.50% of their portfolio | 221.4k $4.0m | Added +208.5k |
| EJF Capital LP 2.94% of their portfolio | 219.0k $4.0m | Added +74.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 218.2k $4.0m | Added +22.9k |
| Palogic Value Management, L.P. 1.65% of their portfolio | 215.0k $3.9m | Added +10.0k |
| Factorial Partners, LLC 2.06% of their portfolio | 184.2k $3.3m | Added +130.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 180.2k $3.3m | Added +107.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 170.0k $3.1m | Reduced -56.8k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 158.8k $2.9m | Reduced -676 |
| Corient Private Wealth LP 0.00% of their portfolio | 143.4k $2.6m | Reduced -24.9k |
| HRT FINANCIAL LP 0.01% of their portfolio | 138.8k $2.5m | Added +58.7k |
| HOLLENCREST CAPITAL MANAGEMENT 0.10% of their portfolio | 128.4k $2.3m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 123.6k $2.2m | Added +8.1k |
| CAXTON ASSOCIATES LP 0.09% of their portfolio | 121.4k $2.2m | Added +87.7k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 113.9k $2.1m | Reduced -21.6k |
| Swiss National Bank 0.00% of their portfolio | 111.1k $2.0m | Reduced -21.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 103.7k $1.9m | Reduced -10.4k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 101.7k $1.8m | Reduced -24.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 101.3k $1.8m | Reduced -276.9k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 101.1k $1.8m | Added +2.2k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 98.4k $1.8m | Reduced -41.2k |
| COMERICA BANK 0.01% of their portfolio | 89.8k $1.6m | Reduced -55.4k |
| SHAYNE & JACOBS, LLC 0.44% of their portfolio | 86.5k $1.6m | Added +4.6k |
| Trexquant Investment LP 0.02% of their portfolio | 84.5k $1.5m | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 78.6k $1.4m | Reduced -227.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 71.0k $1.3m | Unchanged |
| Jump Financial, LLC 0.03% of their portfolio | 69.6k $1.3m | New |
| Quantbot Technologies LP 0.06% of their portfolio | 65.9k $1.2m | Added +59.0k |
| GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio | 61.7k $1.1m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 55.6k $1.0m | Reduced -11.8k |
| UBS Group AG 0.00% of their portfolio | 50.9k $924.2k | Reduced -241.5k |
| AlphaQuest LLC 0.12% of their portfolio | 50.1k $908.0k | Added +7.7k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 49.0k $889.2k | Reduced -1.5m |
| Permanent Capital Management, LP 0.21% of their portfolio | 49.0k $1.0m | First filing |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 46.4k $841.3k | Unchanged |
| Horrell Capital Management, Inc. 0.24% of their portfolio | 44.8k $812.0k | Reduced -3.1k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 43.2k $782.9k | Added +19.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 42.0k $762.0k | Reduced -1.3k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 40.0k $725.6k | Added +8.0k |
| MIRABELLA FINANCIAL SERVICES LLP 0.05% of their portfolio | 39.1k $702.5k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 38.4k $693.0k | Added +1.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 38.1k $691.2k | Reduced -2.5k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 35.1k $637.0k | Added +6.6k |
| Engineers Gate Manager LP 0.01% of their portfolio | 34.9k $632.4k | Added +24.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 34.5k $626.1k | Reduced -459 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 34.2k $620.5k | Reduced -337 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 34.2k $619.8k | First filing |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 34.0k $616.8k | Added +3.7k |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 33.8k $612.9k | Reduced -500 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 32.7k $593.4k | Added +22.5k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 32.5k $590.4k | Reduced -1.4k |
| NATIXIS 0.00% of their portfolio | 31.3k $568.1k | New |
| CORBYN INVESTMENT MANAGEMENT INC/MD 0.23% of their portfolio | 30.6k $555.1k | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 30.4k $551.8k | Reduced -3.6k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 30.3k $549.8k | First filing |
| SEI INVESTMENTS CO 0.00% of their portfolio | 30.1k $545.8k | Reduced -14.2k |
| BARCLAYS PLC 0.00% of their portfolio | 29.6k $537.5k | Reduced -675.0k |
| XTX Topco Ltd 0.04% of their portfolio | 28.6k $518.7k | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 27.1k $491.5k | Reduced -33.5k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 26.6k $482.5k | New |