CardConnect Corp.
CCN
CCN was delisted on the 5th of July, 2017.
60 hedge funds and large institutions have $168M 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.
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: 32 → 60 (+28)
27% more capital invested
Capital invested by funds: $132M → $168M (+$36.2M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$13.7M |
| 2 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$9.57M |
| 3 |
BlackRock
New York
|
+$9.22M |
| 4 |
JCI
Jet Capital Investors
New York
|
+$7.71M |
| 5 |
Renaissance Technologies
New York
|
+$6.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
-$22.9M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$12.1M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
-$9.08M |
| 4 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
-$6.64M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
-$5.14M |
CCN Hedge Fund Activity: Q2 2017 in Review
60 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in CardConnect Corp. (CCN) for Q2 2017, worth a combined $168M — 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 $168M 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.