CNNE at a glance
Cannae Holdings (CNNE, SEC CIK 1704720) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 10, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Cannae Holdings (CNNE) reported revenue of $423.6 million (down 6.4% from FY2024) and a net loss of $513.2 million. Diluted EPS was -$9.08.
- As of June 30, 2026, 25 institutional investment managers tracked by SignalX reported holding Cannae Holdings (CNNE) shares worth $163.6 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $423.6M
- −6.4% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 25 funds
- $163.6M · +0 vs prior quarter
- Latest 8-K
- Aug 10, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Investment Company Act of 1940 (Section 3(b)(1)) risk: if classified as investment company, faces mandatory registration, governance restructuring, and potential contract unenforceability
- Alight's IT infrastructure dependent on AWS and Microsoft Azure; cyberattack risk heightened by Russia-Ukraine geopolitical tensions per filing
- BKFC's AFC Bournemouth relegation from Premier League would trigger significant drop in media rights revenue; domestic broadcasting rights locked only through 2028/29 season
- Alight faces faster AI/ML innovation from larger, better-capitalized competitors threatening market share in HR and benefits administration
- MSA negotiated between related parties controlled by Vice Chairman Foley; independent directors may under-enforce rights to protect executive relationships
Management Discussion & Analysis
- Total revenue $423.6M, down $28.9M (6.4%) YoY; Restaurant Group drove decline, falling $29.1M (6.9%) to $390.5M
- Operating loss widened to $(119.6)M vs $(103.7)M; cost of restaurant revenue margin deteriorated to 91.7% vs 88.5% of restaurant revenue
- Net loss attributable to Cannae $(513.2)M vs $(304.6)M prior year; equity losses in unconsolidated affiliates surged to $(223.5)M driven by Alight $(236.8)M goodwill impairment
- Investing cash inflows $518.1M (vs $298.3M); D&B disposition generated $629.8M; capex $10.4M; financing outflows $449.5M driven by treasury stock buybacks and Margin Loan repayment
- Dividends $0.54/share paid in 2025; $0.15/share declared post-year-end; Alight book value risk flagged: fair value $78.9M vs book $73.8M, vulnerable to further impairment
Business Overview
- Cannae Holdings: diversified holding company actively managing portfolio of operating businesses across fintech, sports, restaurants, insurance, and investment management
- Key structural change: terminated external management agreement with Trasimene Capital Management on May 12, 2025; total termination payments ~$31.3M ($11.4M + $6.7M + $6.6M + monthly fees)
- BKFC expanded multi-club football portfolio: acquired 70% of Portugal's Moreirense FC (June 2025) and 100% of France's FC Lorient (January 2026); Premier League media rights now ~$9B domestic + ~$9B international for current cycle
- 6,602 total employees as of December 31, 2025; 6,303 (95%) concentrated in Restaurant Group casual dining operations
- Filing header mislabeled as "Datadog Inc": document is actually Cannae Holdings, Inc. 10-K, a material discrepancy in filing identification
AI summary of the CNNE 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Contractual obligations $291.0M as of June 30, 2026, including operating leases $180.6M
- Quarterly share repurchases 2,242,500 shares for $29.1M, averaging $12.99 per share
- 2025 Repurchase Program cumulative purchases 8,128,413 shares for $124.9M
- 2026 Repurchase Program authorized 10.0M shares, with no purchases completed
AI summary of the CNNE 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 results released August 10, 2026, covering quarter ended June 30, 2026
- Press release and shareholder letter furnished as Exhibits 99.1 and 99.2
Item EX-99.1: Item EX-99.1
- Second-quarter 2026 results released through Cannae’s Letter to Shareholders
- Investor focus shifts to operating-company performance and portfolio valuation details in the shareholder letter
Item EX-99.1: Item EX-99.1
- Sale of Watkins stake to KDSA monetizes a non-core asset and advances Cannae’s portfolio transformation strategy
- $80 million invested in October 2024; proceeds, preferred dividends and fees produced approximately 1.2x MOIC
Item 8.01: Other Events
- Sale of all Watkins Holdings, LLC interest completed for $90 million cash proceeds
- Transaction monetizes Cannae’s investment and increases corporate liquidity
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Cannae completed sale of its Brasada Ranch interest to a company owned by William P. Foley II
- Letter Agreement amended Foley’s Director Services Agreement effective July 15, 2026
AI summaries of CNNE 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CNNE
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Harris Hugh R | A | Sep 30, 2026 | 1,060 | $15.34 |
| Ammerman Douglas K | A | Sep 30, 2026 | 2,853 | $15.34 |
| Schaible Cherie L | A | Sep 30, 2026 | 2,038 | $15.34 |
| Tyler Woodrow | A | Sep 30, 2026 | 1,019 | $15.34 |
| Caswell Ryan R. | D | Aug 13, 2026 | 33,333 | - |
| Caswell Ryan R. | A | Aug 13, 2026 | 33,333 | - |
| Caswell Ryan R. | F | Aug 13, 2026 | 13,116 | $15.56 |
| Ammerman Douglas K | A | Jun 30, 2026 | 3,039 | $14.40 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $570.0M | $452.5M | $423.6M |
| Operating Income | -$118.9M | -$103.7M | -$119.6M |
| Net Income | -$313.4M | -$304.6M | -$513.2M |
| Op. Margin | -20.9% | -22.9% | -28.2% |
| Net Margin | -55.0% | -67.3% | -121.2% |
| Balance Sheet | |||
| Total Assets | - | $2.2B | $1.3B |
| Equity | $2.3B | $1.8B | $1.0B |
| ROE | -13.5% | -16.6% | -50.1% |
| Per Share | |||
| EPS | $-4.27 | $-4.73 | $-9.08 |
| Cash Flow | |||
| Operating CF | -$87.8M | -$90.1M | -$18.1M |
Source: XBRL data in Cannae Holdings (CNNE)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CNNE share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 25 | $163.6M |
| Q1 2026 | 25 | $132.6M |
| Q4 2025 | 22 | $209.5M |
| Q3 2025 | 24 | $297.4M |
| Q2 2025 | 26 | $369.0M |
| Q1 2025 | 21 | $233.8M |
| Q4 2024 | 18 | $235.8M |
| Q3 2024 | 16 | $71.9M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 177 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CNNE filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 10-Q | Aug 10, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 10, 2026 | - | Analysis | - |
| 8-K | Jul 31, 2026 | - | Analysis | - |
| 8-K | Jul 16, 2026 | - | Analysis | - |
| 13F-HR | Jul 14, 2026 | Jun 30, 2026 | - | |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 4 | Jul 1, 2026 | - | - | - |
| 8-K | Jun 12, 2026 | - | Analysis | - |
| 8-K | May 11, 2026 | - | Analysis | |
| SC 13G | May 11, 2026 | - | - | |
| 10-Q | May 11, 2026 | Mar 31, 2026 | Analysis | |
| 4 | Apr 28, 2026 | - | - | - |
| 13F-HR | Apr 15, 2026 | Mar 31, 2026 | - | |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Mar 20, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
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CNNE SEC filings: frequently asked questions
Which institutions hold CNNE stock?
As of June 30, 2026, the largest Cannae Holdings (CNNE) holders among the 13F filers tracked by SignalX were BlackRock ($59.5 million), Vanguard Capital Management LLC ($24.0 million), State Street Corp ($20.4 million), AQR Capital Management ($11.0 million), Goldman Sachs Group ($9.4 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CNNE's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Cannae Holdings (CNNE) reported revenue of $423.6 million (down 6.4% from FY2024) and a net loss of $513.2 million. Diluted EPS was -$9.08. The figures come from the XBRL data in the 10-K.
What are the main risks in CNNE's latest 10-K?
In the 10-K filed March 2, 2026, Cannae Holdings (CNNE) flagged: Investment Company Act of 1940 (Section 3(b)(1)) risk: if classified as investment company, faces mandatory registration, governance restructuring, and potential contract unenforceability. Alight's IT infrastructure dependent on AWS and Microsoft Azure; cyberattack risk heightened by Russia-Ukraine geopolitical tensions per filing. (AI summary of the Risk Factors section.)
What did CNNE report in its latest 8-K?
Cannae Holdings (CNNE) filed an 8-K on August 10, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 results released August 10, 2026, covering quarter ended June 30, 2026.
What are the latest CNNE SEC filings?
Cannae Holdings (CNNE) filed its latest 10-K annual report on March 2, 2026, a 10-Q quarterly report on August 10, 2026, an 8-K current report on August 10, 2026 and a Form 4 insider filing on October 1, 2026.
What is CNNE's SEC CIK number?
Cannae Holdings (CNNE)'s SEC Central Index Key (CIK) is 1704720. EDGAR lists every CNNE filing under that number.
Ask anything about CNNE
The research agent reads CNNE's filings, financials, insider trades and 13F holders, then answers with sources.