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PC Connection
CNXN

112 hedge funds and large institutions have $290M invested in PC Connection in 2017 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 39 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

10% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 39

6% more funds holding

Funds holding: 106 → 112 (+6)

0.3% more ownership

Funds ownership: 41% → 41.3% (+0.3%)

6% less capital invested

Capital invested by funds: $310M → $290M (-$19.5M)

Holders
112
Holders Change
+6
Holders Change %
+5.66%
% of All Funds
2.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
43
Reduced
39
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
+$3.9M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.76M
3
MERSOM
Municipal Employees' Retirement System of Michigan
Michigan
+$1.63M
4
MCM
Matarin Capital Management
New York
+$1.2M
5
PRCP
Pacific Ridge Capital Partners
Oregon
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$2.25M
2
BlackRock
BlackRock
New York
-$1.74M
3
NAP
New Amsterdam Partners
New York
-$1.69M
4
Renaissance Technologies
Renaissance Technologies
New York
-$1.57M
5
JIR
James Investment Research
Ohio
-$1.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
ETM
26
Euclidean Technologies Management
Washington
$1.7M -$263K -9,730 -13%
Wells Fargo
27
Wells Fargo
California
$1.7M +$422K +15,603 +32%
Russell Investments Group
28
Russell Investments Group
United Kingdom
$1.7M -$276K -10,187 -14%
MERSOM
29
Municipal Employees' Retirement System of Michigan
Michigan
$1.57M +$1.63M +60,050 New
Deutsche Bank
30
Deutsche Bank
Germany
$1.56M +$7.47K +276 +0.5%
MAM
31
Martingale Asset Management
Massachusetts
$1.42M -$187K -6,910 -11%
Charles Schwab
32
Charles Schwab
California
$1.38M -$13.4K -495 -0.9%
Bank of America
33
Bank of America
North Carolina
$1.35M +$69.9K +2,583 +5%
IA
34
IndexIQ Advisors
New York
$1.25M +$509K +18,801 +65%
TCIM
35
TIAA CREF Investment Management
New York
$1.25M -$293K -10,832 -19%
BGIM
36
Brandywine Global Investment Management
Pennsylvania
$1.21M -$135K -4,996 -10%
USAA
37
United Services Automobile Association
Texas
$1.11M +$111K +4,100 +11%
Goldman Sachs
38
Goldman Sachs
New York
$1.05M -$74.6K -2,756 -6%
FNBOO
39
First National Bank of Omaha
Nebraska
$919K +$145K +5,350 +18%
WCM
40
Wedge Capital Management
North Carolina
$900K – – –
GCP
41
GSA Capital Partners
United Kingdom
$842K +$168K +6,203 +24%
Invesco
42
Invesco
Georgia
$804K +$25.5K +941 +3%
Hotchkis & Wiley Capital Management
43
Hotchkis & Wiley Capital Management
California
$804K +$830K +30,657 New
KP
44
Keel Point
Alabama
$771K -$115K -4,262 -13%
SRAM
45
Stone Ridge Asset Management
New York
$731K +$755K +27,872 New
JIC
46
Johnson Investment Counsel
Ohio
$707K – – –
Two Sigma Advisers
47
Two Sigma Advisers
New York
$696K -$24.4K -900 -3%
SO
48
STRS Ohio
Ohio
$684K +$29.8K +1,100 +4%
Millennium Management
49
Millennium Management
New York
$673K -$2.25M -83,073 -76%
SCA
50
Secor Capital Advisors
New York
$653K +$35.6K +1,315 +6%
1
2
3 4 5

CNXN Hedge Fund Activity: Q4 2017 in Review

112 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q4 2017, worth a combined $290M — down 6.3% from $310M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new CNXN positions and 9 closed out — a net gain of 6 holders — while 43 added to existing stakes and 39 trimmed.

The largest buyer was Royce & Associates, adding an estimated $3.9M. The largest seller was Millennium Management, cutting an estimated $2.25M.

  • 112 institutional investors held PC Connection (CNXN) as of Q4 2017, up from 106 in Q3 2017.
  • Funds reported $290M of PC Connection stock for Q4 2017, down 6.3% quarter-over-quarter.
  • 15 funds opened new PC Connection positions in Q4 2017 and 9 closed out, a net change of +6 holders.
  • The largest PC Connection buyer in Q4 2017 was Royce & Associates, an estimated $3.9M added.
  • The largest PC Connection seller in Q4 2017 was Millennium Management, an estimated $2.25M sold.

Based on aggregated 13F filings for Q4 2017.