Concentrix
CNXC
301 hedge funds and large institutions have $4.13B invested in Concentrix in 2023 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 122 increasing their positions, 101 reducing their positions, and 47 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
37% more call options, than puts
Call options by funds: $16.2M | Put options by funds: $11.8M
23% more capital invested
Capital invested by funds: $3.36B → $4.13B (+$762M)
21% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 101
18.91% more ownership
Funds ownership: 79.94% → 98.85% (+19%)
5% less funds holding
Funds holding: 316 → 301 (-15)
26% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCOC
Power Corp of Canada
Montreal, Quebec,
Canada
|
+$688M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$62.7M |
| 3 |
IC
Impactive Capital
New York City,
New York
|
+$59.2M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$39.8M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$38.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$55.8M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$42.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$31M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$30.2M |
| 5 |
SAM
Silvercrest Asset Management
New York
|
-$13.3M |
CNXC Hedge Fund Activity: Q3 2023 in Review
301 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Concentrix (CNXC) for Q3 2023, worth a combined $4.13B — up 23% from $3.36B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of CNXC and 35 opened new positions — a net loss of 12 holders — while 101 trimmed existing stakes and 122 added.
The largest buyer was Power Corp of Canada, opening a new position worth an estimated $688M. The largest seller was Capital International Investors, cutting an estimated $55.8M.
- 301 institutional investors held Concentrix (CNXC) as of Q3 2023, down from 316 in Q2 2023.
- Funds reported $4.13B of Concentrix stock for Q3 2023, up 23% quarter-over-quarter.
- 35 funds opened new Concentrix positions in Q3 2023 and 47 closed out, a net change of -12 holders.
- The largest Concentrix buyer in Q3 2023 was Power Corp of Canada, an estimated $688M added.
- The largest Concentrix seller in Q3 2023 was Capital International Investors, an estimated $55.8M sold.
Based on aggregated 13F filings for Q3 2023.