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Companies / Consumer Discretionary / Cannae Holdings, Inc.
CNNE

Cannae Holdings, Inc.

Consumer DiscretionaryRetail
Ticker CNNELAS VEGAS, NVFiscal year ends DecemberBook value per share $21.38Diluted shares 44.8M

Cannae Holdings, Inc. (NYSE: CNNE) operates as a diversified holding company engaged in acquiring, managing, and operating a portfolio of operating companies across multiple industries. The company's website is www.cannaeholdings.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$423.60M
−6.4% year over year
Last 12 mo $408.60M
-28.23%
−5.3 percentage points
Last 12 mo -28.44%
$-524.90M
−69.3% year over year
Last 12 mo $-176.80M
-50.13%
−33.5 percentage points
Last 12 mo -16.29%
Cash & financing
$-18.10M
+79.9% year over year
Last 12 mo $-32.00M
$-28.50M
+70.6% year over year
Last 12 mo $-43.40M
0.07
Was 0.10× a year earlier
Last 12 mo 0.07
56.5M
−12.3% year over year
Last 12 mo 44.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Cannae Holdings, Inc. does

In the company’s own words

Cannae Holdings, Inc. (NYSE: CNNE) operates as a diversified holding company engaged in acquiring, managing, and operating a portfolio of operating companies across multiple industries. The company's website is www.cannaeholdings.com.

Cannae's business model centers on taking meaningful equity ownership stakes in quality companies where it can exercise control or significant influence, then actively supporting these businesses for the long term through operational expertise and strategic guidance. The company maintains no preset time constraints for divesting its businesses, distinguishing itself as a patient, long-term owner committed to maximizing shareholder value through disciplined capital deployment and active management involvement.

As of December 31, 2025, Cannae's primary assets include a 7.7% ownership interest in Alight, Inc., a technology-enabled human capital management solutions provider; a 44.7% stake in Black Knight Football Club US, LP, which owns and operates professional soccer clubs including AFC Bournemouth in the English Premier League; a 50% ownership interest in JANA Partners Capital, an engaged investment manager specializing in shareholder activism; and controlling interests in its Restaurant Group, comprising O'Charley's and 99 Restaurants casual dining concepts. The company also holds significant positions in Computer Services, Inc., a fintech and cybersecurity solutions provider; AmeriLife Group, a life and health insurance distributor; Watkins Holdings, a premium flavoring products manufacturer; and High Sierra Distillery.

The company operates through consolidated and unconsolidated subsidiaries, with its Restaurant Group representing the largest consolidated operating segment. As of December 31, 2025, Cannae and its consolidated subsidiaries employed 6,602 people, including 6,303 in the Restaurant Group. The company's diversified portfolio spans technology services, professional sports, investment management, casual dining, financial services, consumer products, and hospitality sectors, providing exposure to multiple industries and revenue streams while leveraging a proven management team's operational expertise and capital sourcing capabilities to drive long-term value creation.

Company details
Sector
Consumer Discretionary
Industry
Retail
Headquarters
LAS VEGAS, NV
Fiscal year end
December
CIK
1704720
SIC
5810

Financial performance, year by year

Fiscal 2017–2025 · USD
$-753.37M$-67.96M$617.45M$1.30B$1.99B201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Cannae Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

129
funds hold it
0 of 35
superinvestors hold it
$112.82M
held by funds, at market
18.4%
of shares held by funds

Largest fund holders · Cannae Holdings, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
0.98%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Cannae Holdings, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Cannae Holdings, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Cannae Holdings, Inc.'s last four quarterly filings that the numbers alone won't show?”
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