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CCN

CardConnect Corp.
CCN

Delisted

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

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60 hedge funds and large institutions have $167M 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.

New
Increased
Maintained
Reduced
Closed

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 → $167M (+$35.2M)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
60
Holders Change
+28
Holders Change %
+87.5%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
39
Increased
12
Reduced
5
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
ECP
Empyrean Capital Partners
California
+$13.7M
2
FTCM
First Trust Capital Management
Illinois
+$9.57M
3
BlackRock
BlackRock
New York
+$9.22M
4
JCI
Jet Capital Investors
New York
+$7.71M
5
Renaissance Technologies
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
Wellington Management Group
Massachusetts
-$12.1M
3
William Blair Investment Management
William Blair Investment Management
Illinois
-$9.08M
4
RCMC
RK Capital Management (Colorado)
Colorado
-$6.64M
5
William Blair & Company
William Blair & Company
Illinois
-$5.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
Capital Research Global Investors
1
Capital Research Global Investors
California
$29.7M – – –
ECP
2
Empyrean Capital Partners
California
$14.4M +$13.7M +959,197 New
TCM
3
TimesSquare Capital Management
New York
$13.9M -$1.04M -72,400 -7%
NCM
4
Nantahala Capital Management
Connecticut
$10.2M – – –
BlackRock
5
BlackRock
New York
$10.2M +$9.22M +644,713 +2,117%
FTCM
6
First Trust Capital Management
Illinois
$10.1M +$9.57M +668,681 New
Renaissance Technologies
7
Renaissance Technologies
New York
$8.99M +$6.63M +463,061 +344%
JCI
8
Jet Capital Investors
New York
$8.11M +$7.71M +538,932 New
Vanguard Group
9
Vanguard Group
Pennsylvania
$7.97M +$856K +59,808 +13%
WIC
10
Water Island Capital
New York
$6.81M +$6.48M +452,713 New
PCM
11
Palestra Capital Management
New York
$4.82M -$22.9M -1,600,000 -83%
Millennium Management
12
Millennium Management
New York
$4.79M +$3M +209,884 +194%
Deutsche Bank
13
Deutsche Bank
Germany
$3.73M +$3.06M +213,521 +622%
Wellington Management Group
14
Wellington Management Group
Massachusetts
$3.39M -$12.1M -843,856 -79%
GCL
15
Glazer Capital LLC
New York
$2.95M +$2.8M +195,782 New
State Street
16
State Street
Massachusetts
$2.44M +$2.31M +161,712 New
Northern Trust
17
Northern Trust
Illinois
$2.38M +$2.09M +146,047 +1,208%
GCIA
18
Gabelli & Co Investment Advisers
New York
$2.23M +$2.12M +148,200 New
MAG
19
Millrace Asset Group
Pennsylvania
$1.83M -$789K -55,145 -31%
OAC
20
OMERS Administration Corp
Ontario, Canada
$1.69M +$1.61M +112,400 New
Morgan Stanley
21
Morgan Stanley
New York
$1.65M +$1.03M +71,814 +191%
GF
22
Gabelli Funds
New York
$1.62M +$1.54M +107,503 New
D.E. Shaw & Co
23
D.E. Shaw & Co
New York
$1.6M +$1.52M +106,377 New
CS
24
Credit Suisse
Switzerland
$1.55M +$1.48M +103,185 New
Geode Capital Management
25
Geode Capital Management
Massachusetts
$1.16M +$400K +27,950 +57%
1
2 3

CCN Hedge Fund Activity: Q2 2017 in Review

60 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CardConnect Corp. (CCN) for Q2 2017, worth a combined $167M — 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 $167M 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.