CNNE on NYSE
Cannae Holdings, Inc.
American retail-eating and drinking places company, incorporated in Delaware1
In its 2026 annual report the company says: “We are a long-term owner that secures control and governance rights of other companies primarily to engage in their lines of business, and we have no preset time constraints dictating when we sell or dispose of our businesses.”4 It is headquartered in Las Vegas, Nevada.1 Its shares trade on NYSE under the symbol CNNE.1
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Last updated Oct 21, 2026.
Overview
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- TickerCNNE on NYSE1
- IndustryRetail-Eating & Drinking Places1
- HeadquartersLas Vegas, Nevada1
- Incorporated inDE2
- Business addressC/O Cannae Holdings, Inc., 1701 Village Center Circle, Las Vegas, Nv 891342
- Filer categoryLarge accelerated filer2
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The following describes the business of Cannae Holdings, Inc. and its subsidiaries. Except where otherwise noted, all references to "we," "us," "our," "Cannae," "Cannae Holdings" or the "Company," are to Cannae Holdings, Inc. and its subsidiaries, taken together.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-28.2%Operating margin5
-123.9%Net margin6
-6.4%Revenue growth, 20255
-51.3%Return on equity5
0.06×Debt to equity5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Restaurant Sales brought in 92% of the revenue Cannae Holdings, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Restaurant Sales | $536.0M | $419.6M | $390.5M |
| Other Operating Revenue | $34.0M | $32.9M | $33.1M |
Business segments
Reportable Segment, Aggregation before Other Operating brought in 46% of the revenue Cannae Holdings, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Reportable Segment, Aggregation before Other Operating | $536.0M | $419.6M | $390.5M |
| Restaurant Group | $536.0M | $419.6M | $390.5M |
| Corporate Segment and Other Operating | $34.0M | $32.9M | $33.1M |
| Other Operating Revenue | $34.0M | $32.9M | $33.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue85¢$358.0M
- Other costs10¢$40.8M
- Income tax6¢$24.8M
Out of $423.6M in revenue.56 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total operating revenues | $423.6M | $452.5M | $570.0M |
| Cost of restaurant revenue | $358.0M | $371.2M | $474.9M |
| Personnel costs | $73.8M | $78.4M | $52.1M |
| Depreciation and amortization | $11.9M | $13.3M | $19.0M |
| Other operating expenses, including asset impairments | $99.5M | $93.3M | $142.9M |
| Total operating expenses | $543.2M | $556.2M | $688.9M |
| Operating loss | -$119.6M | -$103.7M | -$118.9M |
| Interest, investment and other income | $10.1M | $4.6M | $13.6M |
| Interest expense | -$11.9M | -$11.6M | -$17.9M |
| Recognized losses, net | -$69.1M | -$140.9M | -$77.2M |
| Total other expense | -$70.9M | -$147.9M | -$81.5M |
| Loss before income taxes and equity in losses of unconsolidated affiliates | -$190.5M | -$251.6M | -$200.4M |
| Income tax expense (benefit) | $13.0M | $3.3M | -$71.5M |
| Loss before equity in losses of unconsolidated affiliates | -$203.5M | -$254.9M | -$128.9M |
| Equity in losses of unconsolidated affiliates | -$223.5M | -$32.9M | -$176.9M |
| Loss from continuing operations | -$427.0M | -$287.8M | -$305.8M |
| Net loss from discontinued operations, net of tax - see Note Q | -$97.9M | -$22.3M | -$18.3M |
| Net loss | -$524.9M | -$310.1M | -$324.1M |
| Less: Net loss attributable to noncontrolling interests | -$11.7M | -$5.5M | -$10.7M |
| Net loss attributable to Cannae Holdings, Inc. common shareholders | -$513.2M | -$304.6M | -$313.4M |
| Net loss from continuing operations attributable to Cannae Holdings, Inc. common shareholders | -$415.3M | -$282.3M | -$295.1M |
| Net loss from discontinued operations attributable to Cannae Holdings, Inc. common shareholders | -$97.9M | -$22.3M | -$18.3M |
| Net loss attributable to Cannae Holdings, Inc. common shareholders | -$513.2M | -$304.6M | -$313.4M |
| Net loss per share from continuing operations (in usd per share) | -$7 | -$4 | -$4 |
| Net loss per share from discontinued operations (in usd per share) | -$2 | -$0 | -$0 |
| Net loss per share - basic (in usd per share) | -$9.08 | -$4.73 | -$4.27 |
| Net loss per share from continuing operations (in usd per share) | -$7 | -$4 | -$4 |
| Net loss per share from discontinued operations (in usd per share) | -$2 | -$0 | -$0 |
| Net loss per share - diluted (in usd per share) | -$9.08 | -$4.73 | -$4.27 |
| Weighted average shares outstanding Cannae Holdings common stock, basic basis (in shares) | 56.5M shares | 64.4M shares | 73.4M shares |
| Weighted average shares outstanding Cannae Holdings common stock, diluted basis (in shares) | 56.5M shares | 64.4M shares | 73.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $182.0M | $131.5M | ||
| Short-term investments | $0 | $6.2M | ||
| Other current assets | $25.7M | $23.5M | ||
| Income taxes receivable | $60.6M | $35.7M | ||
| Total current assets | $268.3M | $196.9M | ||
| Investments in unconsolidated affiliates | $643.5M | $764.9M | ||
| Equity securities, without a readily determinable fair value | $147.3M | $159.9M | ||
| Equity securities, at fair value | $1.4M | $56.2M | ||
| Lease assets | $116.9M | $136.0M | ||
| Property and equipment, net | $49.0M | $61.8M | ||
| Goodwill | $53.4M | $53.4M | $53.4M | |
| Other intangible assets, net | $13.2M | $15.1M | ||
| Deferred tax assets | $600.0K | $73.9M | ||
| Other non-current assets | $27.1M | $18.9M | ||
| Non-current assets of discontinued operations - see Note Q | $0 | $691.9M | ||
| Total assets | $1.3B | $2.2B | $2.7B | |
| Accounts payable and other accrued liabilities, current | $91.9M | $54.8M | ||
| Lease liabilities, current | $15.4M | $14.5M | ||
| Deferred revenue | $16.1M | $16.2M | ||
| Notes payable, current | $6.3M | $61.0M | ||
| Total current liabilities | $129.7M | $146.5M | ||
| Lease liabilities, long-term | $122.8M | $134.6M | ||
| Notes payable, long-term | $64.5M | $120.0M | ||
| Accounts payable and other accrued liabilities, long-term | $12.8M | $12.5M | ||
| Total liabilities | $329.8M | $413.6M | ||
| Cannae common stock, $0.0001 par value; authorized 115,000,000 shares as of December 31, 2025 and December 31, 2024; issued of 94,925,400 and 94,328,322 shares as of December 31, 2025 and December 31, 2024, respectively; and outstanding of 46,703,745 and 62,789,542 shares as of December 31, 2025 and December 31, 2024, respectively | $0 | $0 | ||
| Preferred stock, $0.0001 par value; authorized 10,000,000 shares; issued and outstanding, none as of December 31, 2025 and December 31, 2024 | $0 | $0 | ||
| Retained earnings | $23.3M | $567.1M | ||
| Additional paid-in capital | $2.0B | $2.0B | ||
| Less: Treasury stock, 48,221,655 and 31,538,780 shares as of December 31, 2025 and December 31, 2024, respectively, at cost | -$1.0B | -$724.7M | ||
| Accumulated other comprehensive income (loss) | $6.5M | -$19.2M | ||
| Total Cannae shareholders' equity | $1.0B | $1.8B | ||
| Noncontrolling interests | -$32.9M | -$21.2M | ||
| Total equity | $990.9M | $1.8B | $2.3B | $2.7B |
| Total liabilities and equity | $1.3B | $2.2B | ||
| Par value per share (in usd per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 115.0M shares | 115.0M shares | ||
| Common stock, shares, issued (in shares) | 94.9M shares | 94.3M shares | ||
| Common stock, shares, outstanding (in shares) | 46.7M shares | 62.8M shares | ||
| Preferred stock, par or value (in usd per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Treasury stock, shares (in shares) | 48.2M shares | 31.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $182.0M | $131.5M | ||
| Short-term investments | $0 | $6.2M | ||
| Other current assets | $25.7M | $23.5M | ||
| Income taxes receivable | $60.6M | $35.7M | ||
| Total current assets | $268.3M | $196.9M | ||
| Investments in unconsolidated affiliates | $643.5M | $764.9M | ||
| Equity securities, without a readily determinable fair value | $147.3M | $159.9M | ||
| Equity securities, at fair value | $1.4M | $56.2M | ||
| Lease assets | $116.9M | $136.0M | ||
| Property and equipment, net | $49.0M | $61.8M | ||
| Goodwill | $53.4M | $53.4M | $53.4M | |
| Other intangible assets, net | $13.2M | $15.1M | ||
| Deferred tax assets | $600.0K | $73.9M | ||
| Other non-current assets | $27.1M | $18.9M | ||
| Non-current assets of discontinued operations - see Note Q | $0 | $691.9M | ||
| Total assets | $1.3B | $2.2B | $2.7B | |
| Accounts payable and other accrued liabilities, current | $91.9M | $54.8M | ||
| Lease liabilities, current | $15.4M | $14.5M | ||
| Deferred revenue | $16.1M | $16.2M | ||
| Notes payable, current | $6.3M | $61.0M | ||
| Total current liabilities | $129.7M | $146.5M | ||
| Lease liabilities, long-term | $122.8M | $134.6M | ||
| Notes payable, long-term | $64.5M | $120.0M | ||
| Accounts payable and other accrued liabilities, long-term | $12.8M | $12.5M | ||
| Total liabilities | $329.8M | $413.6M | ||
| Cannae common stock, $0.0001 par value; authorized 115,000,000 shares as of December 31, 2025 and December 31, 2024; issued of 94,925,400 and 94,328,322 shares as of December 31, 2025 and December 31, 2024, respectively; and outstanding of 46,703,745 and 62,789,542 shares as of December 31, 2025 and December 31, 2024, respectively | $0 | $0 | ||
| Preferred stock, $0.0001 par value; authorized 10,000,000 shares; issued and outstanding, none as of December 31, 2025 and December 31, 2024 | $0 | $0 | ||
| Retained earnings | $23.3M | $567.1M | ||
| Additional paid-in capital | $2.0B | $2.0B | ||
| Less: Treasury stock, 48,221,655 and 31,538,780 shares as of December 31, 2025 and December 31, 2024, respectively, at cost | -$1.0B | -$724.7M | ||
| Accumulated other comprehensive income (loss) | $6.5M | -$19.2M | ||
| Total Cannae shareholders' equity | $1.0B | $1.8B | ||
| Noncontrolling interests | -$32.9M | -$21.2M | ||
| Total equity | $990.9M | $1.8B | $2.3B | $2.7B |
| Total liabilities and equity | $1.3B | $2.2B | ||
| Par value per share (in usd per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 115.0M shares | 115.0M shares | ||
| Common stock, shares, issued (in shares) | 94.9M shares | 94.3M shares | ||
| Common stock, shares, outstanding (in shares) | 46.7M shares | 62.8M shares | ||
| Preferred stock, par or value (in usd per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Treasury stock, shares (in shares) | 48.2M shares | 31.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$524.9M | -$310.1M | -$324.1M |
| Depreciation and amortization | $11.9M | $13.3M | $19.0M |
| Equity in losses of unconsolidated affiliates | $223.5M | $32.9M | $176.9M |
| Distributions from investments in unconsolidated affiliates | $24.4M | $3.8M | $200.0K |
| Recognized losses and impairments of assets, net | $81.7M | $142.6M | $124.2M |
| Lease asset amortization | $15.1M | $14.5M | $19.3M |
| Stock-based compensation cost | $18.7M | $19.0M | $3.5M |
| Net loss from discontinued operations - see note Q | $97.9M | $22.3M | $18.3M |
| Other assets | -$600.0K | $3.1M | -$9.5M |
| Accounts payable, accrued liabilities, deferred revenue and other | $6.9M | -$19.4M | -$19.4M |
| Lease liabilities | -$14.2M | -$14.1M | -$20.2M |
| Income taxes | $41.5M | $2.0M | -$76.0M |
| Net cash used in operating activities | -$18.1M | -$90.1M | -$87.8M |
| Proceeds from sales of Dayforce shares | $0 | $264.0M | $144.7M |
| Proceeds from partial sale of D&B shares | $629.8M | $100.9M | $0 |
| Proceeds from partial sale of Alight shares | $0 | $89.1M | $0 |
| Proceeds from other sales of investments in unconsolidated affiliates, equity securities and other long- term investments | $41.0M | $18.0M | $18.7M |
| Distributions from investments in unconsolidated affiliates | $11.6M | $18.8M | $52.7M |
| Proceeds from the sale of property and equipment | $1.7M | $6.8M | $7.3M |
| Purchases of investments in unconsolidated affiliates | -$152.6M | -$135.2M | -$162.0M |
| Purchase of other long-term investments | -$9.2M | -$66.5M | -$17.5M |
| Additions to property and equipment and other intangible assets | -$10.4M | -$7.0M | -$10.0M |
| Purchases of short-term investment securities | $0 | -$64.6M | -$151.9M |
| Proceeds from sale and maturity of short-term investment securities | $6.2M | $74.0M | $171.1M |
| Net cash provided by investing activities | $518.1M | $298.3M | $53.1M |
| Borrowings, net of debt issuance costs | $44.9M | $103.7M | $65.7M |
| Debt service payments | -$142.7M | -$28.9M | -$58.4M |
| Subsidiary distributions paid to noncontrolling interest shareholders | $0 | -$300.0K | -$700.0K |
| Other activity in non-controlling interests | $100.0K | $0 | $0 |
| Payment for shares withheld for taxes and in treasury | -$1.6M | -$3.6M | -$200.0K |
| Dividend paid | -$30.5M | -$22.4M | $0 |
| Purchases of treasury stock | -$319.7M | -$231.4M | -$113.2M |
| Net cash used in financing activities | -$449.5M | -$182.9M | -$106.8M |
| Net increase (decrease) in cash and cash equivalents | $50.5M | $25.3M | -$141.5M |
No quarter-by-quarter statement was filed.
Corporate structure
Cannae Holdings, Inc. sits at the top of its group. 19 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Cannae Holdings, Inc.
- CARRONADE CAPITAL MANAGEMENT, LP Filed SCHEDULE 13D/A on Cannae Holdings, Inc., latest Oct 5, 2026 (5 filings since Jun 9, 2025)
- William P. Foley Ii. Filed SCHEDULE 13G/A on Cannae Holdings, Inc., latest May 12, 2026 (3 filings since Feb 28, 2024)
- PRIVATE MANAGEMENT GROUP INC Filed SCHEDULE 13G on Cannae Holdings, Inc., latest May 11, 2026
- River Road Asset Management, LLC Filed SCHEDULE 13G/A on Cannae Holdings, Inc., latest Apr 30, 2026 (6 filings since Feb 9, 2022)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Cannae Holdings, Inc., latest Mar 26, 2026 (9 filings since Feb 9, 2022)
- Newtyn Management, LLC Filed SCHEDULE 13G/A on Cannae Holdings, Inc., latest Feb 17, 2026 (3 filings since May 15, 2025)
- BlackRock Filed SCHEDULE 13G/A on Cannae Holdings, Inc., latest Apr 17, 2025 (4 filings since Feb 3, 2022)
- DAVENPORT & Co LLC Filed SCHEDULE 13G/A on Cannae Holdings, Inc., latest Jan 21, 2025 (3 filings since Feb 2, 2023)
- FMR LLC Filed SC 13G/A on Cannae Holdings, Inc., latest Feb 9, 2024 (3 filings since Feb 9, 2022)
- Fidelity National Financial Filed SC 13G/A on Cannae Holdings, Inc., latest Feb 13, 2023 (2 filings since Feb 14, 2022)
- Capital Research Global Investors Filed SC 13G/A on Cannae Holdings, Inc., latest Feb 11, 2022
- Capital World Investors Filed SC 13G/A on Cannae Holdings, Inc., latest Feb 11, 2022
- Cannae Holdings, Inc. Las Vegas, Nevada
- Alight Solutions Stake · Chicago, Illinois
- Dayforce, Inc. Stake · Minneapolis, Minnesota
- Dun & Bradstreet Holdings, Inc. Stake · Jacksonville, Florida
- Paysafe Group Stake · London, United Kingdom
- System1, Inc. Stake · Marina Del Rey, California
- 99 Restaurants Holdings, LLC Subsidiary · Delaware, United States
- 99 Restaurants, LLC Subsidiary · Delaware, United States
- Alight, Inc. Subsidiary · Delaware, United States
- BGPT Catalyst, L.P. Subsidiary · Delaware, United States
- Black Knight Football Club US, LP Subsidiary · Nevada, United States
- Cannae Funding A, LLC Subsidiary · Delaware, United States
- DNB Holdco, LLC Subsidiary · Nevada, United States
- JANA Partners Capital, LLC Subsidiary · Delaware, United States
- JANA Partners Management GP, LLC Subsidiary · Delaware, United States
- JANA Partners Management, LP Subsidiary · Delaware, United States
- RG Group Holdco, LLC Subsidiary · Nevada, United States
- Watkins Holdings, LLC Subsidiary · Nevada, United States
- Watkins, LLC Subsidiary · Nevada, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (5 companies). Each entity in the chart links to its source.
What it owns
What Cannae Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $167.7M5 Dec 31, 2025 | $207.8M5 Dec 31, 2024 | −19.3% |
| Accumulated depreciation | $118.7M5 Dec 31, 2025 | $146.0M5 Dec 31, 2024 | −18.7% |
| Property and equipment, net | $49.0M5 Dec 31, 2025 | $61.8M5 Dec 31, 2024 | −20.7% |
| Operating-lease assets (leased space) | $116.9M5 Dec 31, 2025 | $136.0M5 Dec 31, 2024 | −14.0% |
Real estate and locations
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $182.0M5 Dec 31, 2025 | $131.5M5 Dec 31, 2024 | +38.4% |
| Stakes in other companies (equity method) | $643.5M5 Dec 31, 2025 | $764.9M5 Dec 31, 2024 | −15.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $53.4M5 Dec 31, 2025 | $53.4M5 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $13.2M5 Dec 31, 2025 | $15.1M5 Dec 31, 2024 | −12.6% |
| Accumulated amortization | $26.5M5 Dec 31, 2025 | $24.7M5 Dec 31, 2024 | +7.3% |
Properties, in its own words
Our corporate headquarters are located in Las Vegas, Nevada in leased facilities.
Restaurant Group. The Restaurant Group's headquarters are currently located in Nashville, Tennessee with another office location in Woburn, Massachusetts. All of our restaurants are leased from third parties and are located in 20 states throughout the U.S. Substantially all of our Restaurant Group's revenues are generated in those states.
The rest of Item 2
Corporate and Other. We own an 1,800-acre ranch-style luxury resort and residential community in Bend/Powell Butte, Oregon.
Item 2 of the 10-K filed Mar 2, 2026.4
Leadership
Who has led Cannae Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
20202025
- Chief executive officerRyan R. Caswell Aug 15, 2025 to now13
- Chief executive officerWilliam P. Foley Ii. Jul 3, 2024 to Aug 15, 202514
- Chief executive officerRichard N. Massey Jun 26, 2020 to Apr 17, 202415
- ChairWilliam P. Foley Ii. Nov 21, 2017 to now16
- PresidentRyan R. Caswell Feb 27, 2023 to now17
- PresidentDavid Ducommun Nov 16, 2021 to Nov 16, 202118
- PresidentBrent B. Bickett Nov 17, 2017 to Dec 1, 202019
- Chief financial officerBrett A. Correia Jun 17, 2026 to now20
- Chief financial officerBryan D. Coy Aug 3, 2020 to Jun 17, 202621
Board members and other officers (19)
- Senior Vice PresidentDavid Ducommun Nov 17, 2017 to Dec 1, 202022
- EVP, Corp. Sect'y & Genl. CounMichael L. Gravelle Nov 17, 2017 to now23
- Board memberCherie L. Schaible Jan 7, 2026 to now24
- Board memberWilliam T. Royan Jun 2, 2025 to now25
- Board memberWoodrow Tyler Jun 2, 2025 to now26
- Board memberMona Aboelnaga Dec 17, 2025 to now27
- Board memberBarry B. Moullet Feb 19, 2021 to now28
- Board memberDavid Aung Feb 19, 2021 to Nov 14, 202229
- Board memberMark David Linehan Sep 23, 2019 to now30
- Board memberJames B. Stallings Jr. Feb 5, 2018 to now31
- Board memberRichard N. Massey Jun 27, 2018 to May 29, 202432
- Board memberErika Meinhardt Aug 16, 2018 to now33
- Board memberC. Malcolm Holland Iii. Nov 17, 2017 to now34
- Board memberFrank P. Willey Nov 17, 2017 to now35
- Board memberFrank R. Martire Nov 17, 2017 to now36
- Board memberHugh R. Harris Nov 17, 2017 to now37
- Board memberWilliam P. Foley Ii. Nov 17, 2017 to now38
- General counselCharles R. Curley Jr. Feb 27, 2023 to Sep 13, 202339
- General counselPeter T. Sadowski Feb 27, 2023 to now40
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 99 Restaurants Holdings, LLC Delaware3
- 99 Restaurants, LLC Delaware3
- Alight, Inc. Delaware3
- BGPT Catalyst, L.P. Delaware3
- Black Knight Football Club US, LP Nevada3
- Cannae Funding A, LLC Delaware3
- Cannae Holdings, LLC Nevada3
- DNB Holdco, LLC Nevada3
- JANA Partners Capital, LLC Delaware3
- JANA Partners Management GP, LLC Delaware3
- JANA Partners Management, LP Delaware3
- RG Group Holdco, LLC Nevada3
- Watkins Holdings, LLC Nevada3
- Watkins, LLC Nevada3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 10, 20268-K Results of operations41
- Jul 31, 20268-K Other events42
- Jul 16, 20268-K Executive or director change43
- Jun 12, 20268-K Executive or director change44
- May 11, 20268-K Results of operations45
- Mar 9, 20268-K Ended a material agreement46
- Feb 23, 20268-K Results of operations; Regulation FD disclosure47
- Dec 16, 20258-K Bylaws or fiscal year changed; Shareholder vote48
- Dec 12, 20258-K Other events49
- Nov 10, 20258-K Results of operations50
- Aug 28, 20258-K Entered a material agreement51
- Aug 26, 20258-K Completed an acquisition or sale; Other events52
- Aug 15, 2025New chief executive Ryan R. Caswell becomes CEO13
- Jul 3, 2024New chief executive William P. Foley Ii. becomes CEO14
- Jun 26, 2020New chief executive Richard N. Massey becomes CEO15
Calendar
Coming up
- Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($1.06) a share, on Nov 10, 2025.53
When it reported results
- Aug 10, 2026Reported quarterly or annual results41
- May 11, 2026Reported quarterly or annual results45
- Feb 23, 2026Reported quarterly or annual results47
- Nov 10, 2025Reported quarterly or annual results50
- Aug 11, 2025Reported quarterly or annual results54
- May 12, 2025Reported quarterly or annual results55
- Feb 24, 2025Reported quarterly or annual results56
- Nov 12, 2024Reported quarterly or annual results57
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
388 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 47 major events, 168 insider forms, 41 large holders, 110 other. The latest 20:
- Oct 5, 2026SCHEDULE 13D/A EDGAR
- Oct 1, 20264 PRIMARY DOCUMENT EDGAR
- Oct 1, 20264 PRIMARY DOCUMENT EDGAR
- Oct 1, 20264 PRIMARY DOCUMENT EDGAR
- Oct 1, 20264 PRIMARY DOCUMENT EDGAR
- Aug 26, 2026N-PX EDGAR
- Aug 17, 20264 PRIMARY DOCUMENT EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Aug 7, 2026SCHEDULE 13D/A EDGAR
- Jul 31, 20268-K EDGAR
- Jul 16, 20268-K EDGAR
- Jul 14, 202613F-HR EDGAR
- Jul 1, 20264 PRIMARY DOCUMENT EDGAR
- Jul 1, 20264 PRIMARY DOCUMENT EDGAR
- Jul 1, 20264 PRIMARY DOCUMENT EDGAR
- Jul 1, 20264 PRIMARY DOCUMENT EDGAR
- Jun 17, 20263 PRIMARY DOCUMENT EDGAR
- Jun 12, 20268-K EDGAR
- May 12, 2026SCHEDULE 13G/A EDGAR
The 388 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
19 open-market trades by officers, directors and large owners since October 2021: 11 buys and 8 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 8, 2026 | SADOWSKI PETER TEVP, Chief Legal Officer | Sale | 157 | $12.25 | $1.9K | Form 4 |
| Sep 2, 2025 | MARTIRE FRANK RDirector | Sale | 26,478 | $18.43 | $488.0K | Form 4 |
| Aug 29, 2025 | MARTIRE FRANK RDirector | Sale | 106,855 | $18.63 | $2.0M | Form 4 |
| May 24, 2024 | Massey Richard NDirector | Sale | 25,752 | $19.38 | $499.1K | Form 4 |
| Apr 17, 2024 | Massey Richard NDirector | Sale | 30,000 | $19.63 | $588.9K | Form 4 |
| Apr 10, 2024 | Massey Richard NDirector | Sale | 50,000 | $20.60 | $1.0M | Form 4 |
| Apr 9, 2024 | Massey Richard NDirector | Sale | 50,000 | $20.82 | $1.0M | Form 4 |
| Apr 5, 2024 | Massey Richard NDirector | Sale | 23,050 | $20.57 | $474.1K | Form 4 |
| Sep 26, 2023 | Massey Richard NDirector | Buy | 50,000 | $18.66 | $933.0K | Form 4 |
| May 12, 2023 | Massey Richard NDirector | Buy | 50,000 | $18.01 | $900.5K | Form 4 |
| Apr 18, 2022 | MOULLET BARRY BDirector | Buy | 1,000 | $23.06 | $23.1K | Form 4 |
| Apr 14, 2022 | MOULLET BARRY BDirector | Buy | 1,000 | $23.50 | $23.5K | Form 4 |
| Apr 11, 2022 | MOULLET BARRY BDirector | Buy | 2,000 | $23.50 | $47.0K | Form 4 |
| Apr 4, 2022 | Massey Richard NDirector | Buy | 20,000 | $24.24 | $484.8K | Form 4 |
| Mar 8, 2022 | MOULLET BARRY BDirector | Buy | 1,000 | $23.65 | $23.6K | Form 4 |
| Mar 7, 2022 | MOULLET BARRY BDirector | Buy | 2,000 | $24.59 | $49.2K | Form 4 |
| Feb 24, 2022 | Massey Richard NDirector | Buy | 5,000 | $24.57 | $122.8K | Form 4 |
| Feb 23, 2022 | MOULLET BARRY BDirector | Buy | 2,000 | $25.51 | $51.0K | Form 4 |
| Feb 22, 2022 | Massey Richard NDirector | Buy | 10,000 | $26.40 | $264.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CARRONADE CAPITAL MANAGEMENT, LPSCHEDULE 13D/A, 5 filings Jun 9, 2025 to Oct 5, 202658
- William P. Foley Ii.SCHEDULE 13G/A, 3 filings Feb 28, 2024 to May 12, 202659
- PRIVATE MANAGEMENT GROUP INCSCHEDULE 13G, 1 filing May 11, 202660
- River Road Asset Management, LLCSCHEDULE 13G/A, 6 filings Feb 9, 2022 to Apr 30, 202661
- VANGUARD GROUP INCSCHEDULE 13G/A, 9 filings Feb 9, 2022 to Mar 26, 202662
- Newtyn Management, LLCSCHEDULE 13G/A, 3 filings May 15, 2025 to Feb 17, 202663
- BlackRockSCHEDULE 13G/A, 4 filings Feb 3, 2022 to Apr 17, 202564
- DAVENPORT & Co LLCSCHEDULE 13G/A, 3 filings Feb 2, 2023 to Jan 21, 202565
- FMR LLCSC 13G/A, 3 filings Feb 9, 2022 to Feb 9, 202466
- Fidelity National FinancialSC 13G/A, 2 filings Feb 14, 2022 to Feb 13, 202367
- Capital Research Global InvestorsSC 13G/A, 1 filing Feb 11, 202268
- Capital World InvestorsSC 13G/A, 1 filing Feb 11, 202269
Stakes it holds
Cannae Holdings, Inc. has told the SEC it owns more than 5% of 5 companies, latest first (Schedules 13D and 13G).
- System1, Inc.SCHEDULE 13D/A Feb 7, 2022 to Dec 2, 202570
- Paysafe GroupSCHEDULE 13D/A Jan 3, 2022 to Nov 25, 202571
- Dun & Bradstreet Holdings, Inc.SCHEDULE 13D/A Feb 14, 2022 to Aug 26, 202572
- Alight SolutionsSC 13D/A Dec 23, 2021 to Dec 5, 202473
- Dayforce, Inc.SC 13G/A Feb 10, 2022 to Jan 27, 202374
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 4,131,651 | $59.5M | 0.0% | −153,495 |
| Carronade Capital Management, LP | 3,230,148 | $46.5M | 0.8% | −32,500 |
| Newtyn Management, LLC | 3,169,631 | $45.6M | 5.7% | −97,324 |
| Private Management Group Inc | 2,404,943 | $34.6M | 0.9% | +101,200 |
| River Road Asset Management, LLC | 1,915,746 | $27.6M | 0.3% | −44,359 |
| Vanguard Capital Management LLC | 1,664,211 | $24.0M | 0.0% | −197,395 |
| Saba Capital Management, L.P. | 1,582,225 | $22.8M | 0.7% | −132,769 |
| State Street Corp | 1,419,825 | $20.4M | 0.0% | +68,340 |
| State Of Wisconsin Investment Board | 1,319,820 | $19.0M | 0.0% | +158,427 |
| Geode Capital Management, LLC | 1,072,753 | $15.5M | 0.0% | +12,997 |
| Poehling Capital Management, INC. | 960,109 | $13.8M | 3.0% | +5,919 |
| Aqr Capital Management LLC | 760,722 | $11.0M | 0.0% | +588,397 |
| Almitas Capital LLC | 741,318 | $10.7M | 2.6% | No change |
| Goldman Sachs Group Inc | 653,536 | $9.4M | 0.0% | +195,662 |
| Michelson Medical Research Foundation, Inc. | 480,600 | $6.9M | 6.4% | No change |
| Nuveen, LLC | 462,082 | $6.7M | 0.0% | −54,629 |
| Northern Trust Corp | 458,889 | $6.6M | 0.0% | +22,537 |
| Citadel Advisors LLC | 374,466 | $5.4M | 0.0% | +278,795 |
| Jane Street Group, LLC | 354,454 | $5.1M | 0.0% | +15,039 |
| Charles Schwab Investment Management Inc | 344,590 | $5.0M | 0.0% | −18,353 |
| Vanguard Portfolio Management LLC | 326,504 | $4.7M | 0.0% | −779,930 |
| Morgan Stanley | 278,236 | $4.0M | 0.0% | +24,191 |
| Prelude Capital Management, LLC | 271,355 | $3.9M | 0.3% | +105,438 |
| Vanguard Fiduciary Trust Co | 270,729 | $3.9M | 0.0% | −23,247 |
| UBS Group AG | 255,404 | $3.7M | 0.0% | +16,373 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Cannae Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCannae Holdings, Inc.1
- CIK0001704720
- Employer ID (EIN)82-12734604
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inNevada4
- Fiscal year endsDecember 311
- Industry code (SIC)5810 Retail-Eating & Drinking Places1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business addressC/O Cannae Holdings, Inc., 1701 Village Center Circle, Las Vegas, NV 891341
- Phone702-323-73341
- Shares outstanding43,374,227 as of Aug 7, 20266
- Public float$1.1B as of Jun 30, 20254
- AuditorGrant Thornton, LLP, Los Angeles, CA PCAOB ID 248; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceMay 11, 20171
- Filings747 in all: 4 (284), 8-K (111), 3 (32), SC 13G/A (32), DEFA14A (31), DFAN14A (29), 10-Q (27), 13F-HR (26)1
All 48 form types
SC 13D/A (20), SC 13G (18), SCHEDULE 13G/A (14), CORRESP (12), UPLOAD (12), SCHEDULE 13D/A (11), 10-K (9), 144 (8), DEF 14A (7), S-4/A (7), 5 (6), 10-K/A (4), 425 (4), SC 13D (4), ARS (3), 3/A (2), 424B2 (2), 424B5 (2), DEFC14A (2), N-PX (2), PREC14A (2), PRRN14A (2), S-8 (2), SC TO-C (2), SC TO-I/A (2), SCHEDULE 13G (2), 10-Q/A (1), 4/A (1), 424B3 (1), 8-A12B (1), 8-K/A (1), CERTNYS (1), DFRN14A (1), EFFECT (1), NT 10-K (1), PRE 14A (1), S-3ASR (1), S-4 (1), SC TO-I (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 2, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 26, 2024
Latest 8-K (8-K) Aug 10, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Cannae Common Stock, $0.0001 par value | CNNE | New York Stock Exchange |
From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Cannae Holdings, Inc. names in Item 1A of its 10-K filed Mar 2, 2026: 34 risks under these headings, as written.4
- Risks Relating to our Management Structure and Our Manager
- The Management Service Agreement was negotiated between related parties and the terms, including fees payable, may not be as favorable to us as if it were negotiated with an unaffiliated third party.
- Our executive officers and directors may allocate some of their time to other businesses, thereby causing conflicts of interest in their determination as to how much time to devote to our affairs, which may materially adversely affect our results of operations.
- Conflicts of interest could arise in connection with certain of our directors’ and executive officers’ discharge of fiduciary duties to our shareholders.
- Members of our management team may engage in activities that compete with us or our businesses.
- Risks Relating to the Restaurant Group
- The Restaurant Group companies face significant competition for customers, real estate and employees and competitive pressure to adapt to changes in conditions driving customer demand. The Restaurant Group companies' inability to compete effectively may affect guest counts, sales and profit margins, which could have a material adverse effect on our business, financial condition and results of operations.
- Increased commodity, energy and other costs could decrease our Restaurant Group companies' profit margins or cause the Restaurant Group companies to limit or otherwise modify their menus, which could have a material adverse effect on our business, financial condition and results of operations.
- Negative customer experiences or negative publicity surrounding our Restaurant Group companies' restaurants or other restaurants could adversely affect sales in one or more of our Restaurant Group companies' restaurants and make our concepts less valuable, which could have a material adverse effect on our business, financial condition and results of operations.
- Our restaurant businesses could suffer due to reduced demand for our restaurant businesses' brands or specific menu offerings if our restaurant businesses are the subject of negative publicity or litigation regarding allegations of food-related contaminations or illnesses, which could have a material adverse effect on our business, financial condition and results of operations.
- The success of the Restaurant Group depends, in part, on its intellectual property, which we may be unable to protect.
- Risks Relating to Alight
The other 25 risks
- Alight faces significant competition and its failure to compete successfully could have a material adverse effect on the financial condition and results of operations of its business.
- Alight relies on complex information technology systems and networks to operate its business. Any significant system or network disruption could expose Alight to legal liability, impair its reputation or have a negative impact on its operations, sales and operating results and could expose Alight to litigation and negatively impact our relationships with clients.
- Compliance with applicable laws and regulations including changes in such laws and regulations, their application and their interpretation, could have an adverse effect on Alight's business.
- Issues relating to the use of new and evolving technologies, such as Artificial Intelligence and Machine Learning, in Alight's offerings may result in reputational harm and liability.
- Risks Relating to Black Knight Football
- BKFC is dependent on the performance and popularity of its football clubs.
- BKFC's business is dependent upon its ability to attract and retain key personnel, including players.
- Negotiation, pricing and terms of key media contracts are outside of Black Knight Football's control and those contracts may change in the future or expose it to certain risks.
- The markets in which Black Knight Football operates are highly competitive and increased competition could adversely affect Black Knight Football's results of operations, financial condition and cash flow.
- Risks Relating to JANA
- Changes in the value levels of equity, debt, real assets, commodities, foreign exchange or other asset markets, including from the impact of global trade policies and tariffs, may cause investments, revenue and earnings to decline.
- Poor investment performance could lead to the loss of clients and may cause AUM, revenue and earnings to decline.
- Regulatory reforms in the US could expose JANA to increasing regulatory scrutiny, as well as regulatory uncertainty.
- Risks Relating to the Company's Structure
- We may become subject to the Investment Company Act of 1940.
- Certain executive officers and members of our Board of Directors have or will have interests and positions that could present potential conflicts.
- An inability of our material unconsolidated affiliates to maintain effective financial reporting processes may adversely impact our ability to report our results of operations or financial condition accurately and timely.
- General Risk Factors
- The loss of key personnel or directors could impair our operating abilities and could have a material adverse effect on our business, investments in operating companies, financial condition and results of operations.
- Data security and integrity are critically important to the businesses we own and manage, and cybersecurity incidents, including cyberattacks, breaches of security, unauthorized access to or disclosure of confidential information, business disruption, or the perception that confidential information is not secure, could result in a material loss of business, regulatory enforcement, substantial legal liability and/or significant harm to their reputation, which could have a material adverse effect on our business, financial condition and results of operations.
- The due diligence process that we undertake in connection with new acquisitions may not reveal all facts that may be relevant in connection with acquisitions of ownership interests, and we may not realize the anticipated benefits from past or potential future acquisitions, strategic transactions, investments, or our business model.
- Our management may seek growth through acquisitions in lines of business that will not necessarily be limited to our current areas of focus or geographic areas. This expansion of our business subjects us to associated risks, such as the diversion of management's attention and lack of experience in operating such businesses, which could have a material adverse effect on our business, financial condition and results of operations.
- We currently have, and may continue to pursue, investments in businesses that involve or may involve business, regulatory, structural, legal, or other complexities, which could have a material adverse effect on our business, financial condition, and results of operations.
- We and the businesses we own and manage, from time to time in the ordinary course of business, are involved in legal proceedings and may experience unfavorable outcomes, which could have a material adverse effect on our business, financial condition and results of operations.
- The lack of liquidity in certain of our ownership interests may adversely affect our business.
- Our Articles of Incorporation and Nevada law may discourage, delay or prevent a change of control of our Company or changes in our management, which could have the result of depressing the trading price of our common stock.
- Our consolidated financial statements include estimates made by management and actual results could differ materially from those estimates.
- The global operations of some of our ownership interests, including Alight and BKFC, may subject us to risks that could negatively affect our business.
- Changing rules, public disclosure regulations and stakeholder expectations on environmental, social and corporate governance related matters create a variety of risks for our business.
Legal proceedings
For a description of our legal proceedings see discussion under Legal Contingencies in Note M - Commitments and Contingencies to our Consolidated Financial Statements included in Item 8 of Part II of this Annual Report, which is incorporated by reference into this Part I, Item 3.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARWilliam P. Foley Ii., Chair
- 17SEC EDGARRyan R. Caswell, President
- 18SEC EDGARDavid Ducommun, President
- 19SEC EDGARBrent B. Bickett, President
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- 24SEC EDGARCherie L. Schaible, Board member
- 25SEC EDGARWilliam T. Royan, Board member
- 26SEC EDGARWoodrow Tyler, Board member
- 27SEC EDGARMona Aboelnaga, Board member
- 28SEC EDGARBarry B. Moullet, Board member
- 29SEC EDGARDavid Aung, Board member
- 30SEC EDGARMark David Linehan, Board member
- 31SEC EDGARJames B. Stallings Jr., Board member
- 32SEC EDGARRichard N. Massey, Board member
- 33SEC EDGARErika Meinhardt, Board member
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- 35SEC EDGARFrank P. Willey, Board member
- 36SEC EDGARFrank R. Martire, Board member
- 37SEC EDGARHugh R. Harris, Board member
- 38SEC EDGARWilliam P. Foley Ii., Board member
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- 40SEC EDGARPeter T. Sadowski, General counsel
- 41SEC EDGARResults of operations
- 42SEC EDGAROther events
- 43SEC EDGARExecutive or director change
- 44SEC EDGARExecutive or director change
- 45SEC EDGARResults of operations
- 46SEC EDGAREnded a material agreement
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- 49SEC EDGAROther events
- 50SEC EDGARResults of operations
- 51SEC EDGAREntered a material agreement
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