CardConnect Corp.
CCN
CCN was delisted on the 5th of July, 2017.
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.
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
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
Toronto,
Ontario, Canada
|
+$7.15M |
| 4 |
PCR
Potrero Capital Research
San Francisco,
California
|
+$2.76M |
| 5 |
SM
Scoggin Management
New York
|
+$2.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SA
Smithwood Advisers
Los Angeles,
California
|
-$8.61M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$746K |
| 3 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$95.4K |
CCN Hedge Fund Activity: Q1 2016 in Review
16 of the 3,767 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.