CardConnect Corp.
CCN
CCN was delisted on the 5th of July, 2017.
18 hedge funds and large institutions have $78.4M invested in CardConnect Corp. in 2016 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
1% more capital invested
Capital invested by funds: $77.8M → $78.4M (+$628K)
10% less funds holding
Funds holding: 20 → 18 (-2)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
+$19.2M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
+$13M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$8.18M |
| 4 |
William Blair Investment Management
Chicago,
Illinois
|
+$7.53M |
| 5 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$5.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$12.2M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$9.73M |
| 3 |
SC
Sculptor Capital
New York
|
-$9.62M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$7.46M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
-$6.28M |
CCN Hedge Fund Activity: Q3 2016 in Review
18 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in CardConnect Corp. (CCN) for Q3 2016, worth a combined $78.4M — up 0.81% from $77.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of CCN and 11 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 4 added.
The largest buyer was Palestra Capital Management, opening a new position worth an estimated $19.2M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $12.2M sold.
- 18 institutional investors held CardConnect Corp. (CCN) as of Q3 2016, down from 20 in Q2 2016.
- Funds reported $78.4M of CardConnect Corp. stock for Q3 2016, up 0.81% quarter-over-quarter.
- 11 funds opened new CardConnect Corp. positions in Q3 2016 and 13 closed out, a net change of -2 holders.
- The largest CardConnect Corp. buyer in Q3 2016 was Palestra Capital Management, an estimated $19.2M added.
- The largest CardConnect Corp. seller in Q3 2016 was Polar Asset Management Partners, an estimated $12.2M sold.
Based on aggregated 13F filings for Q3 2016.