StocksMedium•6 October 2026•
1 min read
Carronade Capital Acquires 8.8% Stake in Cannae Holdings for $63 Million
Key Facts
1Carronade Capital Management reported a stake of 3,533,733 shares in Cannae Holdings, representing approximately 8.8% of outstanding shares.
2The total aggregate purchase price for the shares exceeded $63 million, funded primarily by working capital and margin loans.
Carronade Capital Management reported a stake of 3,533,733 shares in Cannae Holdings, representing approximately 8.8% of the company's outstanding shares. Stock Titan reported that the total aggregate purchase price for these shares exceeded $63 million, funded primarily through working capital and ordinary-course brokerage margin loans.
The position includes 2,947,370 shares held directly by Carronade and 586,363 shares held in managed accounts, calculated against 40.3 million shares outstanding as of September 30, 2026. CNNE closed at $15.59 on October 5, 2026, having reached a session high of $15.74.