CardConnect Corp.
CCN
CCN was delisted on the 5th of July, 2017.
20 hedge funds and large institutions have $77.8M invested in CardConnect Corp. in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
44% more capital invested
Capital invested by funds: $54M → $77.8M (+$23.7M)
25% more funds holding
Funds holding: 16 → 20 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$9.84M |
| 2 |
SC
Sculptor Capital
New York
|
+$9.61M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.07M |
| 4 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$3.97M |
| 5 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$849K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
-$2.54M |
| 2 |
MAM
Myriad Asset Management
North Point,
Hong Kong
|
-$1.91M |
| 3 |
AGC
Angelo Gordon & Co
New York
|
-$921K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$600K |
| 5 |
SM
Scoggin Management
New York
|
-$101K |
CCN Hedge Fund Activity: Q2 2016 in Review
20 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in CardConnect Corp. (CCN) for Q2 2016, worth a combined $77.8M — up 44% from $54M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new CCN positions and 3 closed out — a net gain of 4 holders — while 5 added to existing stakes and 5 trimmed.
The largest buyer was TD Asset Management, opening a new position worth an estimated $9.84M. The largest seller was Davidson Kempner Capital Management, cutting an estimated $2.54M.
- 20 institutional investors held CardConnect Corp. (CCN) as of Q2 2016, up from 16 in Q1 2016.
- Funds reported $77.8M of CardConnect Corp. stock for Q2 2016, up 44% quarter-over-quarter.
- 7 funds opened new CardConnect Corp. positions in Q2 2016 and 3 closed out, a net change of +4 holders.
- The largest CardConnect Corp. buyer in Q2 2016 was TD Asset Management, an estimated $9.84M added.
- The largest CardConnect Corp. seller in Q2 2016 was Davidson Kempner Capital Management, an estimated $2.54M sold.
Based on aggregated 13F filings for Q2 2016.