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PC Connection
CNXN

91 hedge funds and large institutions have $177M invested in PC Connection in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 37 increasing their positions, 31 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 31

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 95 → 91 (-4)

11% less capital invested

Capital invested by funds: $198M → $177M (-$21.6M)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

Holders
91
Holders Change
-4
Holders Change %
-4.21%
% of All Funds
2.63%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
8
Increased
37
Reduced
31
Closed
11
Calls
$215K
Puts
–
Net Calls
+$215K
Net Calls Change
+$230K

Top Buyers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
+$17.1M
2
FAM
Fenimore Asset Management
New York
+$3.27M
3
SFM
Systematic Financial Management
New Jersey
+$1.97M
4
ZIM
ZPR Investment Management
Florida
+$1.62M
5
MERSOM
Municipal Employees' Retirement System of Michigan
Michigan
+$1.39M

Top Sellers

Rank Fund Capital Flow
1
NI
Numeric Investors
Massachusetts
-$3.42M
2
GAM
Gotham Asset Management
New York
-$1.69M
3
Allianz Asset Management
Allianz Asset Management
Germany
-$1.57M
4
Morgan Stanley
Morgan Stanley
New York
-$1.48M
5
NFA
Nationwide Fund Advisors
Ohio
-$1.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
MAM
26
Martingale Asset Management
Massachusetts
$1.21M +$179K +8,306 +16%
CCM
27
Coe Capital Management
Illinois
$1.16M +$1.23M +57,027 New
TCIM
28
TIAA CREF Investment Management
New York
$1.12M +$40.1K +1,857 +3%
GCP
29
GSA Capital Partners
United Kingdom
$1.06M -$244K -11,300 -18%
CIA
30
Capital Impact Advisors
Massachusetts
$1.04M – – –
Jacobs Levy Equity Management
31
Jacobs Levy Equity Management
New Jersey
$1.04M +$673K +31,187 +157%
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$918K – – –
CCMH
33
Cornerstone Capital Management Holdings
New York
$914K +$82.1K +3,800 +9%
SAM
34
Shell Asset Management
Netherlands
$903K +$959K +44,434 New
TC
35
TFS Capital
Pennsylvania
$823K -$1.1M -51,153 -56%
AI
36
Analytic Investors
California
$763K -$12.2K -564 -1%
Allianz Asset Management
37
Allianz Asset Management
Germany
$751K -$1.57M -72,514 -66%
Federated Hermes
38
Federated Hermes
Pennsylvania
$748K +$460K +21,321 +138%
Charles Schwab
39
Charles Schwab
California
$719K +$25.9K +1,200 +4%
SIM
40
Spark Investment Management
New York
$678K – – –
SO
41
STRS Ohio
Ohio
$654K +$90.7K +4,200 +15%
BIM
42
BlackRock Investment Management
Delaware
$644K +$11.6K +535 +2%
DCM
43
Dupont Capital Management
Delaware
$624K – – –
CAM
44
ClariVest Asset Management
California
$556K +$70.9K +3,283 +14%
BGIM
45
Brandywine Global Investment Management
Pennsylvania
$532K -$11.2K -520 -2%
CS
46
Credit Suisse
Switzerland
$490K -$235K -10,883 -31%
AllianceBernstein
47
AllianceBernstein
Tennessee
$419K -$17.3K -800 -4%
GAM
48
Gotham Asset Management
New York
$408K -$1.69M -78,358 -80%
FQ
49
First Quadrant
California
$408K -$73.4K -3,400 -14%
Deutsche Bank
50
Deutsche Bank
Germany
$351K +$52.8K +2,444 +16%
1
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3 4 5

CNXN Hedge Fund Activity: Q1 2014 in Review

91 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q1 2014, worth a combined $177M — down 11% from $198M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of CNXN and 8 opened new positions — a net loss of 3 holders — while 31 trimmed existing stakes and 37 added.

The largest buyer was Royce & Associates, adding an estimated $17.1M. The largest seller was Numeric Investors, exiting entirely with an estimated $3.42M sold.

  • 91 institutional investors held PC Connection (CNXN) as of Q1 2014, down from 95 in Q4 2013.
  • Funds reported $177M of PC Connection stock for Q1 2014, down 11% quarter-over-quarter.
  • 8 funds opened new PC Connection positions in Q1 2014 and 11 closed out, a net change of -3 holders.
  • The largest PC Connection buyer in Q1 2014 was Royce & Associates, an estimated $17.1M added.
  • The largest PC Connection seller in Q1 2014 was Numeric Investors, an estimated $3.42M sold.

Based on aggregated 13F filings for Q1 2014.