CardConnect Corp.
CCN
CCN was delisted on the 5th of July, 2017.
32 hedge funds and large institutions have $132M invested in CardConnect Corp. in 2017 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
14% more capital invested
Capital invested by funds: $116M → $132M (+$16.6M)
10% more funds holding
Funds holding: 29 → 32 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
+$6.91M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$6.15M |
| 3 |
KCPG
Kavar Capital Partners Group
Leawood,
Kansas
|
+$1.61M |
| 4 |
William Blair & Company
Chicago,
Illinois
|
+$1.45M |
| 5 |
Millennium Management
New York
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$3.61M |
| 2 |
FCG
FrontFour Capital Group
Greenwich,
Connecticut
|
-$1.49M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.44M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
-$714K |
| 5 |
MAG
Millrace Asset Group
Berwyn,
Pennsylvania
|
-$711K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Northern Trust
Chicago,
Illinois
| $160K | +$166K | +12,090 | New |
|
27
JP Morgan Chase
New York
| $65K | – | – | – |
|
28
Bank of America
Charlotte,
North Carolina
| $48K | -$14 | -1 | -0% |
|
|
DAL
29
David A. Lorber
| $46K | -$40.2K | -2,923 | -46% |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $10K | -$8.14K | -592 | -44% |
|
|
PCM
31
Prelude Capital Management
New York
| $7K | +$7.33K | +533 | New |
|
32
Goldman Sachs
New York
| – | -$368K | -28,942 | Closed |
|
|
TDC
33
Thompson Davis & Co
Richmond,
Virginia
| – | -$22K | -1,750 | Closed |
|
|
AIM
34
Acrospire Investment Management
Chicago,
Illinois
| – | -$11K | -900 | Closed |
|
35
Creative Planning
Overland Park,
Kansas
| – | -$6K | -500 | Closed |
|
CCN Hedge Fund Activity: Q1 2017 in Review
32 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in CardConnect Corp. (CCN) for Q1 2017, worth a combined $132M — up 14% from $116M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new CCN positions and 4 closed out — a net gain of 6 holders — while 8 added to existing stakes and 9 trimmed.
The largest buyer was RK Capital Management (Colorado), opening a new position worth an estimated $6.91M. The largest seller was Nantahala Capital Management, cutting an estimated $3.61M.
- 32 institutional investors held CardConnect Corp. (CCN) as of Q1 2017, up from 29 in Q4 2016.
- Funds reported $132M of CardConnect Corp. stock for Q1 2017, up 14% quarter-over-quarter.
- 10 funds opened new CardConnect Corp. positions in Q1 2017 and 4 closed out, a net change of +6 holders.
- The largest CardConnect Corp. buyer in Q1 2017 was RK Capital Management (Colorado), an estimated $6.91M added.
- The largest CardConnect Corp. seller in Q1 2017 was Nantahala Capital Management, an estimated $3.61M sold.
Based on aggregated 13F filings for Q1 2017.