Paradigm Capital Management Acquires 5.6% Stake in Cerence Inc. (CRNC)

On May 15, 2026, Paradigm Capital Management, Inc. filed a Schedule 13G with the SEC, reporting a new ownership stake in Cerence Inc. (CRNC). As of the event date on March 31, 2026, the New York-based investment adviser reported beneficial ownership of 2,507,276 shares of common stock, representing 5.6% of the company's total shares outstanding. This filing marks a significant increase from a zero-position reported in previous periods. According to the filing, Paradigm Capital Management holds sole voting and dispositive power over all 2,507,276 shares. The securities are owned by various advisory clients of the firm. The filing was made under Rule 13d-1(b), indicating that the shares were acquired in the ordinary course of business and not with the intent of influencing or changing the control of the issuer. The certification was signed by Richard Gimon, Chief Compliance Officer of Paradigm Capital Management. Cerence Inc. is headquartered in Burlington, Massachusetts.