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CCN

CardConnect Corp.
CCN

Delisted

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

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16 hedge funds and large institutions have $54M invested in CardConnect Corp. in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,000% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 1

167% more funds holding

Funds holding: 6 → 16 (+10)

97% more capital invested

Capital invested by funds: $27.4M → $54M (+$26.7M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

67% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 3

Holders
16
Holders Change
+10
Holders Change %
+166.67%
% of All Funds
0.43%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
1
Reduced
3
Closed
1
Calls
$2M
Puts
–
Net Calls
+$2M
Net Calls Change
+$2M

Top Buyers

Rank Fund Capital Flow
1
DKCM
Davidson Kempner Capital Management
New York
+$8.86M
2
AGC
Angelo Gordon & Co
New York
+$7.46M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
+$7.15M
4
PCR
Potrero Capital Research
California
+$2.76M
5
SM
Scoggin Management
New York
+$2.49M

Top Sellers

Rank Fund Capital Flow
1
SA
Smithwood Advisers
California
-$8.61M
2
AA
AQR Arbitrage
Connecticut
-$746K
3
WRBC
W.R. Berkley Corp
Connecticut
-$95.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAMP
1
Polar Asset Management Partners
Ontario, Canada
$11.7M +$7.15M +718,583 +159%
DKCM
2
Davidson Kempner Capital Management
New York
$8.92M +$8.86M +889,998 New
AA
3
AQR Arbitrage
Connecticut
$8.19M -$746K -75,000 -8%
AGC
4
Angelo Gordon & Co
New York
$7.51M +$7.46M +750,000 New
Hudson Bay Capital Management
5
Hudson Bay Capital Management
Connecticut
$4.02M – – –
PCR
6
Potrero Capital Research
California
$2.78M +$2.76M +277,760 New
SM
7
Scoggin Management
New York
$2.5M +$2.49M +250,000 New
JGC
8
J. Goldman & Co
New York
$2M +$1.99M +200,000 New
MAM
9
Myriad Asset Management
Hong Kong
$1.91M +$1.9M +190,708 New
BI
10
Bulldog Investors
New Jersey
$1.54M +$1.53M +153,399 New
SA
11
Smithwood Advisers
California
$1.35M -$8.61M -865,000 -87%
WRBC
12
W.R. Berkley Corp
Connecticut
$864K -$95.4K -9,586 -10%
PP
13
Paloma Partners
Connecticut
$603K +$597K +60,000 New
GCL
14
Glazer Capital LLC
New York
$101K +$99.9K +10,041 New
UBS Group
15
UBS Group
Switzerland
$1K +$826 +83 New
Morgan Stanley
16
Morgan Stanley
New York
– +$249 +25 New

CCN Hedge Fund Activity: Q1 2016 in Review

16 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in CardConnect Corp. (CCN) for Q1 2016, worth a combined $54M — up 97% from $27.4M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new CCN positions and 1 closed out — a net gain of 10 holders — while 1 added to existing stakes and 3 trimmed.

The largest buyer was Davidson Kempner Capital Management, opening a new position worth an estimated $8.86M. The largest seller was Smithwood Advisers, cutting an estimated $8.61M.

  • 16 institutional investors held CardConnect Corp. (CCN) as of Q1 2016, up from 6 in Q4 2015.
  • Funds reported $54M of CardConnect Corp. stock for Q1 2016, up 97% quarter-over-quarter.
  • 11 funds opened new CardConnect Corp. positions in Q1 2016 and 1 closed out, a net change of +10 holders.
  • The largest CardConnect Corp. buyer in Q1 2016 was Davidson Kempner Capital Management, an estimated $8.86M added.
  • The largest CardConnect Corp. seller in Q1 2016 was Smithwood Advisers, an estimated $8.61M sold.

Based on aggregated 13F filings for Q1 2016.