CNNE ranks #2931 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
CNNE is a top-conviction position for Michelson Medical Research Foundation, Inc. — at 6.4% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in CNNE belongs to BlackRock, Inc., but the position matters far more to Michelson Medical Research Foundation, Inc., who has 6.4% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Cliff Asness has added to its CNNE position for two straight quarters, increasing it by $9.6M to reach $11.0M today.
Bulldog Investors, LLP has trimmed its CNNE position for two straight quarters, cutting it by $4.9M while still holding $2.3M.
CNNE is up 2.3% today, and institutions have been net buyers of $22.5M this quarter — today's price move and the underlying institutional flow are pointing the same direction.