CardConnect Corp.
CCN
CCN was delisted on the 5th of July, 2017.
29 hedge funds and large institutions have $116M invested in CardConnect Corp. in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 4 closing their positions.
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
61% more funds holding
Funds holding: 18 → 29 (+11)
47% more capital invested
Capital invested by funds: $78.4M → $116M (+$37.2M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$15.4M |
| 2 |
TSP
Tappan Street Partners
Chicago,
Illinois
|
+$2.49M |
| 3 |
William Blair & Company
Chicago,
Illinois
|
+$1.86M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$865K |
| 5 |
Renaissance Technologies
New York
|
+$502K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
-$2.8M |
| 2 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$2.31M |
| 3 |
AGC
Angelo Gordon & Co
New York
|
-$2.12M |
| 4 |
GIPM
G2 Investment Partners Management
New York
|
-$1.86M |
| 5 |
Credit Agricole
Montrouge Cedex,
France
|
-$795K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BJ
26
BlackRock Japan
Tokyo,
Japan
| $16K | +$12.7K | +1,257 | New |
|
|
AIM
27
Acrospire Investment Management
Chicago,
Illinois
| $11K | +$9.1K | +900 | New |
|
28
Creative Planning
Overland Park,
Kansas
| $6K | +$5.05K | +500 | New |
|
|
PP
29
Paloma Partners
Greenwich,
Connecticut
| – | -$2.31M | -236,819 | Closed |
|
|
AGC
30
Angelo Gordon & Co
New York
| – | -$2.12M | -217,081 | Closed |
|
|
GIPM
31
G2 Investment Partners Management
New York
| – | -$1.86M | -190,781 | Closed |
|
|
32
Credit Agricole
Montrouge Cedex,
France
| – | -$795K | -81,381 | Closed |
|
CCN Hedge Fund Activity: Q4 2016 in Review
29 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in CardConnect Corp. (CCN) for Q4 2016, worth a combined $116M — up 47% from $78.4M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new CCN positions and 4 closed out — a net gain of 12 holders — while 3 added to existing stakes and 7 trimmed.
The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $15.4M. The largest seller was TimesSquare Capital Management, cutting an estimated $2.8M.
- 29 institutional investors held CardConnect Corp. (CCN) as of Q4 2016, up from 18 in Q3 2016.
- Funds reported $116M of CardConnect Corp. stock for Q4 2016, up 47% quarter-over-quarter.
- 16 funds opened new CardConnect Corp. positions in Q4 2016 and 4 closed out, a net change of +12 holders.
- The largest CardConnect Corp. buyer in Q4 2016 was Capital Research Global Investors, an estimated $15.4M added.
- The largest CardConnect Corp. seller in Q4 2016 was TimesSquare Capital Management, an estimated $2.8M sold.
Based on aggregated 13F filings for Q4 2016.