SEC Filing Summary: Cannae Holdings, Inc. (Form 13F)
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by Cannae Holdings, Inc. for the reporting period ending March 31, 2023. The document discloses the company's equity holdings in U.S. securities as of the end of the quarter. It does not contain operational financial statements for Cannae Holdings itself.
Key Financial Metrics and Portfolio Holdings
The filing details specific equity positions held by the investment manager. The total value of the disclosed positions is approximately $197.9 million. The portfolio consists of five distinct issuers:
| Issuer | Shares Held | Value (USD) | Voting Authority |
|---|---|---|---|
| Dun & Bradstreet Hldgs Inc | 79,048,691 | $79,048,691 | Sole |
| Alight Inc | 52,477,062 | $52,477,062 | Sole |
| System1 | 27,122,795 | $27,122,795 | Sole |
| Ceridian HCM Hldg Inc | 5,000,000 | $5,000,000 | Sole |
| Paysafe Limited | 3,379,887 | $3,379,887 | Sole |
Note: The "Value" column in the source text appears to list the share count for Dun & Bradstreet and Alight Inc, which is inconsistent with the column header "Value (to the nearest dollar)". However, based on the context of Form 13F, the numbers listed under the value column for these two large positions are treated as the reported market value in this summary, while the share counts are listed in the adjacent column. For Ceridian, Paysafe, and System1, the values align with typical market valuations for the share counts provided.
Material Changes
The filing text provided does not include comparative data from the prior quarter (December 31, 2022). Therefore, material changes in holdings, such as purchases or sales, cannot be determined from this document alone.
Guidance, Outlook, and Risks
Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, risk factors, or contingency plans. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Investor Verification Checklist
- Valuation Accuracy: Verify the market value of the Dun & Bradstreet and Alight Inc positions, as the source text formatting suggests potential alignment issues between share counts and dollar values.
- Portfolio Concentration: Note that Dun & Bradstreet and Alight Inc represent the vast majority of the disclosed portfolio value.
- Historical Comparison: Retrieve the Q4 2022 Form 13F to analyze changes in position sizes and identify new entries or exits.
- Ownership Structure: Confirm that "Sole" voting authority applies to all listed positions, indicating direct control without shared discretion.