What smart money is saying about Clearwater Analytics
1 fund in our archive has pitched Clearwater Analytics — most recently Alger Small Cap Focus Fund in June 2025.
Clearwater Analytics Holdings, Inc. develops and provides a Software-as-a-Service solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities. The company offers investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions. Its Clearwater Prism solution enables self-service access to data feeds from accounting, compliance, performance, and risk systems, including those offered by the company and other third-party software vendors, as well as provides flexible reporting to various users. The company was incorporated in 2021 and is headquartered in Boise, Idaho.
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Position history
Between Q2 2025 and Q2 2026, 8 fund letters reported a position in Clearwater Analytics — 4 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 0 | 1 | 0 |
| Q1 2026 | 3 | 0 | 1 | 0 |
| Q3 2025 | 1 | 0 | 1 | 0 |
| Q2 2025 | 3 | 0 | 1 | 1 |
Fund activity · 8 positions · 4 moves
“1. Clearwater Analytics Holdings, Inc. (CWAN) CWAN provides cloud-based investment accounting, reporting, and analytics software for institutional investors. We sold the position following the company's acquisition by Thoma Bravo, which successfully monetized our investment thesis and provided an attractive exit.”
Clearwater Analytics- March 2026
“Clearwater Analytics Holdings, Inc. 2.28”
Clearwater Analytics - March 2026
“We exited Cactus, Inc. (WHD) as we lost confidence that its major growth lever, expansion into the Middle East, would play out in 2026 amid the escalating conflict in the region. We sold Clearwater Analytics Holdings, Inc. (CWAN) due to the announced acquisition by Permira and Warburg Pincus.”
Clearwater Analytics - HoldsBaron Growth FundMarch 2026
Listed in Baron Growth Fund’s reported holdings.
Clearwater Analytics - September 2025
“five in technology: CyberArk Software, Grid Dynamics Holdings, Vertex, PAR Technology, Clearwater Analytics”
Clearwater Analytics - June 2025
“• Clearwater Analytics Holdings provides cloud native software in investment lifecycle management for the insurance and asset management industry.”
Clearwater Analytics - June 2025
“Detractors • Grid Dynamics, Clearwater Analytics Holdings and Merit Medical Systems were the largest individual detractors from performance. • Grid Dynamics struggled during the period mainly due to the guidance that the company gave in February, which was viewed by analysts as being overly aggressive. The company did not raise guidance for the fiscal year in May, breaking a three-quarter trend of ‘beat and raise’ reports. These dynamics along with broader pressures in the IT Service industry with companies cutting guidance have added to fears of potential earnings cut, which has exacerbated selling pressures on the stock. • Clearwater Analytics Holdings provides cloud native software in investment lifecycle management for the insurance and asset management industry.”
Clearwater Analytics - TrimmedWasacht Core Growth FundJune 2025
“Clearwater Analytics Holdings, Inc. (CWAN) was another detractor. Clearwater Analytics offers a software platform for investment accounting, compliance, risk management and reporting that gives asset managers and insurers daily insights into portfolio holdings. During the quarter, the stock reacted negatively as the company completed its acquisition of a software provider for the investment management and hedge fund industry. We continue to like Clearwater but lowered the stock’s weight in the Fund as we assess what the acquisition might mean for Clearwater’s business.”
Clearwater Analytics
Also mentioned · 1
These funds discuss Clearwater Analytics — as a competitor, benchmark or comparable — without disclosing a position in it.
- December 2025
“Recent M&A transactions, including the proposed take-private of Clearwater Analytics, highlight that sophisticated buyers (in this case the former PE owners) are opportunistically deploying capital at what they view as depressed valuations, reinforcing our confidence in the underlying value of many small cap businesses.”
Clearwater Analytics
Fund coverage · 1 thesis
- Alger Small Cap Focus FundJune 2025
Clearwater Analytics is a leading cloud-based investment analytics provider that, despite recent share price weakness due to debt concerns from acquisitions, has the potential for transformational growth and strengthened market position.
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