Concentrix
CNXC
311 hedge funds and large institutions have $5.1B invested in Concentrix in 2023 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 120 increasing their positions, 82 reducing their positions, and 46 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 82
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
30% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 46
24% more capital invested
Capital invested by funds: $4.13B → $5.1B (+$974M)
3% more funds holding
Funds holding: 301 → 311 (+10)
8% more call options, than puts
Call options by funds: $28.6M | Put options by funds: $26.5M
20.89% less ownership
Funds ownership: 98.85% → 77.96% (-21%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$90.1M |
| 2 |
CCM
Copeland Capital Management
Conshohocken,
Pennsylvania
|
+$35.8M |
| 3 |
Pzena Investment Management
New York
|
+$25.5M |
| 4 |
Morgan Stanley
New York
|
+$23.8M |
| 5 |
BlackRock
New York
|
+$19.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCOC
Power Corp of Canada
Montreal, Quebec,
Canada
|
-$703M |
| 2 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$42.9M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$40.7M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$25.5M |
| 5 |
Millennium Management
New York
|
-$23.6M |
CNXC Hedge Fund Activity: Q4 2023 in Review
311 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Concentrix (CNXC) for Q4 2023, worth a combined $5.1B — up 24% from $4.13B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new CNXC positions and 46 closed out — a net gain of 14 holders — while 120 added to existing stakes and 82 trimmed.
The largest buyer was Vanguard Group, adding an estimated $90.1M. The largest seller was Power Corp of Canada, exiting entirely with an estimated $703M sold.
- 311 institutional investors held Concentrix (CNXC) as of Q4 2023, up from 301 in Q3 2023.
- Funds reported $5.1B of Concentrix stock for Q4 2023, up 24% quarter-over-quarter.
- 60 funds opened new Concentrix positions in Q4 2023 and 46 closed out, a net change of +14 holders.
- The largest Concentrix buyer in Q4 2023 was Vanguard Group, an estimated $90.1M added.
- The largest Concentrix seller in Q4 2023 was Power Corp of Canada, an estimated $703M sold.
Based on aggregated 13F filings for Q4 2023.