Cannae Holdings, Inc.

Fundamental diversified ★Signal technology specialist (100%) CIK 1704720
Long book
$24.6M
Q1 2026
Positions
2
Top-10 weight
100%
concentration
Last quarter
-17.2%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Cannae Holdings, Inc. is a diversified fundamental manager, specialised in technology (100% of the long book), running a $24.6M US long book across 2 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALIGHT INC - CLASS A, SYSTEM1 INC.

Over the last 9 quarters its long book ran on average 18.7pp per quarter behind the S&P 500, beating the index in 0 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-5.2%
Q2 2024
+3.7%
Q3 2024
-19.9%
Q4 2024
-27.6%
Q1 2025
-7.0%
Q2 2025
+6.1%
Q3 2025
-37.6%
Q4 2025
-23.0%
Q1 2026
-17.2%

Sector allocation

Other
96%
Technology
4%

Long book by quarter

$1.42B
Q1 2024
$1.19B
Q2 2024
$1.30B
Q3 2024
$1.22B
Q4 2024
$915.5M
Q1 2025
$820.0M
Q2 2025
$189.3M
Q3 2025
$80.3M
Q4 2025
$24.6M
Q1 2026

What does Cannae Holdings, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
ALITEUR ALIGHT INC - CLASS A40.5M$23.5M95.6%Held
SST SYSTEM1 INCTechnology356.8K$1.1M4.4%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 15, 20262$24.6M canonicalSEC ↗
Q4 202513F-HRJan 6, 20262$80.3M canonicalSEC ↗
Q3 202513F-HRNov 5, 20254$189.3M canonicalSEC ↗
Q2 202513F-HRJul 10, 20255$820.0M canonicalSEC ↗
Q1 202513F-HRApr 9, 20255$915.5M canonicalSEC ↗
Q4 202413F-HRJan 16, 20255$1.22B canonicalSEC ↗
Q3 202413F-HRNov 12, 20245$1.30B canonicalSEC ↗
Q2 202413F-HRAug 9, 20247$1.19B canonicalSEC ↗
Q1 202413F-HRMay 9, 20245$1.42B canonicalSEC ↗