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CCN

CardConnect Corp.
CCN

Delisted

CCN was delisted on the 5th of July, 2017.

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18 hedge funds and large institutions have $78.4M invested in CardConnect Corp. in 2016 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

33% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 3

1% more capital invested

Capital invested by funds: $77.8M → $78.4M (+$628K)

10% less funds holding

Funds holding: 20 → 18 (-2)

15% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 13

Holders
18
Holders Change
-2
Holders Change %
-10%
% of All Funds
0.48%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
11
Increased
4
Reduced
3
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Palestra Capital Management
New York
+$19.2M
2
TCM
TimesSquare Capital Management
New York
+$13M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$8.18M
4
William Blair Investment Management
William Blair Investment Management
Illinois
+$7.53M
5
NCM
Nantahala Capital Management
Connecticut
+$5.41M

Top Sellers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
-$12.2M
2
TD Asset Management
TD Asset Management
Ontario, Canada
-$9.73M
3
SC
Sculptor Capital
New York
-$9.62M
4
AA
AQR Arbitrage
Connecticut
-$7.46M
5
DKCM
Davidson Kempner Capital Management
New York
-$6.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
JGC
26
J. Goldman & Co
New York
– -$2M -200,000 Closed
WRBC
27
W.R. Berkley Corp
Connecticut
– -$1.54M -154,029 Closed
BI
28
Bulldog Investors
New Jersey
– -$1.53M -153,399 Closed
SA
29
Smithwood Advisers
California
– -$1.35M -135,000 Closed
KPF
30
K2 Principal Fund
Ontario, Canada
– -$255K -25,496 Closed
GCL
31
Glazer Capital LLC
New York
– -$114K -11,441 Closed
1
2

CCN Hedge Fund Activity: Q3 2016 in Review

18 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in CardConnect Corp. (CCN) for Q3 2016, worth a combined $78.4M — up 0.81% from $77.8M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of CCN and 11 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 4 added.

The largest buyer was Palestra Capital Management, opening a new position worth an estimated $19.2M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $12.2M sold.

  • 18 institutional investors held CardConnect Corp. (CCN) as of Q3 2016, down from 20 in Q2 2016.
  • Funds reported $78.4M of CardConnect Corp. stock for Q3 2016, up 0.81% quarter-over-quarter.
  • 11 funds opened new CardConnect Corp. positions in Q3 2016 and 13 closed out, a net change of -2 holders.
  • The largest CardConnect Corp. buyer in Q3 2016 was Palestra Capital Management, an estimated $19.2M added.
  • The largest CardConnect Corp. seller in Q3 2016 was Polar Asset Management Partners, an estimated $12.2M sold.

Based on aggregated 13F filings for Q3 2016.