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CCN

CardConnect Corp.
CCN

Delisted

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

60 hedge funds and large institutions have $167M invested in CardConnect Corp. in 2017 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

255% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 11

140% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 5

88% more funds holding

Funds holding: 3260 (+28)

27% more capital invested

Capital invested by funds: $132M → $167M (+$35.2M)

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

Holders
60
Holders Change
+28
Holders Change %
+87.5%
% of All Funds
1.5%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
39
Increased
12
Reduced
5
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Legal & General Group
51
Legal & General Group
United Kingdom
$34K +$32K +2,234 New
BNP Paribas Financial Markets
52
BNP Paribas Financial Markets
France
$24.2K +$23K +1,606 New
TRCT
53
Tower Research Capital (TRC)
New York
$24K +$11.9K +832 +110%
AIP
54
Ameritas Investment Partners
Nebraska
$20K +$19.2K +1,345 New
Citigroup
55
Citigroup
New York
$2K +$2.35K +164 New
Barclays
56
Barclays
United Kingdom
$2K +$2.38K +166 New
Walleye Trading
57
Walleye Trading
New York
$1K +$956K +66,805 New
William Blair Investment Management
58
William Blair Investment Management
Illinois
-$9.08M -688,045 Closed
RCMC
59
RK Capital Management (Colorado)
Colorado
-$6.64M -503,047 Closed
TSP
60
Tappan Street Partners
Illinois
-$3.39M -257,116 Closed
FCG
61
FrontFour Capital Group
Connecticut
-$2.91M -220,283 Closed
KCPG
62
Kavar Capital Partners Group
Kansas
-$1.55M -117,157 Closed
MFIMFI
63
Mesirow Financial Investment Management - Fixed Income
Illinois
-$393K -29,740 Closed
1CM
64
1492 Capital Management
Wisconsin
-$347K -26,273 Closed
LCM
65
Laurion Capital Management
New York
-$220K -16,700 Closed
Bank of America
66
Bank of America
North Carolina
-$48K -3,626 Closed
DAL
67
David A. Lorber
-$46K -3,466 Closed
PCM
68
Prelude Capital Management
New York
-$7K -533 Closed
Wells Fargo
69
Wells Fargo
California
+$29 +2 New
Royal Bank of Canada
70
Royal Bank of Canada
Ontario, Canada
+$358 +25 New

CCN Hedge Fund Activity: Q2 2017 in Review

60 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CardConnect Corp. (CCN) for Q2 2017, worth a combined $167M — up 27% from $132M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new CCN positions and 11 closed out — a net gain of 28 holders — while 12 added to existing stakes and 5 trimmed.

The largest buyer was Empyrean Capital Partners, opening a new position worth an estimated $13.7M. The largest seller was Palestra Capital Management, cutting an estimated $22.9M.

  • 60 institutional investors held CardConnect Corp. (CCN) as of Q2 2017, up from 32 in Q1 2017.
  • Funds reported $167M of CardConnect Corp. stock for Q2 2017, up 27% quarter-over-quarter.
  • 39 funds opened new CardConnect Corp. positions in Q2 2017 and 11 closed out, a net change of +28 holders.
  • The largest CardConnect Corp. buyer in Q2 2017 was Empyrean Capital Partners, an estimated $13.7M added.
  • The largest CardConnect Corp. seller in Q2 2017 was Palestra Capital Management, an estimated $22.9M sold.

Based on aggregated 13F filings for Q2 2017.