Concentrix
CNXC
292 hedge funds and large institutions have $3.42B invested in Concentrix in 2024 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 96 increasing their positions, 108 reducing their positions, and 59 closing their positions.
0.16% less ownership
Funds ownership: 77.96% → 77.8% (-0.16%)
5% less call options, than puts
Call options by funds: $43.4M | Put options by funds: $45.6M
6% less funds holding
Funds holding: 311 → 292 (-19)
11% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 108
29% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 59
33% less capital invested
Capital invested by funds: $5.1B → $3.42B (-$1.68B)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$58.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$50M |
| 3 |
CCM
Copeland Capital Management
Conshohocken,
Pennsylvania
|
+$37.7M |
| 4 |
IC
Impactive Capital
New York City,
New York
|
+$36M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
+$21.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$82M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$57M |
| 3 |
SAM
Silvercrest Asset Management
New York
|
-$34.4M |
| 4 |
PIM
Provident Investment Management
Novi,
Michigan
|
-$27.8M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$24.1M |
CNXC Hedge Fund Activity: Q1 2024 in Review
292 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Concentrix (CNXC) for Q1 2024, worth a combined $3.42B — down 33% from $5.1B a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of CNXC and 42 opened new positions — a net loss of 17 holders — while 108 trimmed existing stakes and 96 added.
The largest buyer was Pzena Investment Management, adding an estimated $58.5M. The largest seller was Fuller & Thaler Asset Management, cutting an estimated $82M.
- 292 institutional investors held Concentrix (CNXC) as of Q1 2024, down from 311 in Q4 2023.
- Funds reported $3.42B of Concentrix stock for Q1 2024, down 33% quarter-over-quarter.
- 42 funds opened new Concentrix positions in Q1 2024 and 59 closed out, a net change of -17 holders.
- The largest Concentrix buyer in Q1 2024 was Pzena Investment Management, an estimated $58.5M added.
- The largest Concentrix seller in Q1 2024 was Fuller & Thaler Asset Management, an estimated $82M sold.
Based on aggregated 13F filings for Q1 2024.