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PC Connection
CNXN

121 hedge funds and large institutions have $326M invested in PC Connection in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 55 increasing their positions, 31 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 31

0.01% less ownership

Funds ownership: 41.04% → 41.03% (-0.01%)

5% less funds holding

Funds holding: 127 → 121 (-6)

24% less capital invested

Capital invested by funds: $429M → $326M (-$103M)

26% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 23

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
121
Holders Change
-6
Holders Change %
-4.72%
% of All Funds
2.7%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
17
Increased
55
Reduced
31
Closed
23
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$3.58M
2
Goldman Sachs
Goldman Sachs
New York
+$3.17M
3
American Century Companies
American Century Companies
Missouri
+$2.09M
4
Wells Fargo
Wells Fargo
California
+$2.08M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$1.79M

Top Sellers

Rank Fund Capital Flow
1
PCMI
Paradigm Capital Management Inc
New York
-$3.79M
2
JIR
James Investment Research
Ohio
-$3.33M
3
KCM
Kennedy Capital Management
Missouri
-$2.62M
4
ClearBridge Investments
ClearBridge Investments
New York
-$2.56M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$2.25M +$414K +12,945 +21%
Russell Investments Group
27
Russell Investments Group
United Kingdom
$2.21M +$748K +23,397 +46%
Prudential Financial
28
Prudential Financial
New Jersey
$2M -$703K -21,992 -25%
Acadian Asset Management
29
Acadian Asset Management
Massachusetts
$1.98M +$535K +16,745 +34%
Nordea Investment Management
30
Nordea Investment Management
Sweden
$1.97M -$67.8K -2,119 -3%
American Century Companies
31
American Century Companies
Missouri
$1.95M +$2.09M +65,415 New
ETM
32
Euclidean Technologies Management
Washington
$1.93M +$25.6K +800 +1%
Charles Schwab
33
Charles Schwab
California
$1.92M +$14.3K +447 +0.7%
USAA
34
United Services Automobile Association
Texas
$1.9M +$141K +4,400 +7%
Boston Partners
35
Boston Partners
Massachusetts
$1.9M +$36.6K +1,144 +2%
Bank of Montreal
36
Bank of Montreal
Ontario, Canada
$1.67M +$1.79M +55,939 +35,182%
California Public Employees Retirement System
37
California Public Employees Retirement System
California
$1.66M +$5.82K +182 +0.3%
HIM
38
Hillsdale Investment Management
Ontario, Canada
$1.66M +$249K +7,800 +16%
BPM
39
Bowling Portfolio Management
Ohio
$1.38M +$1.48M +46,281 New
JIR
40
James Investment Research
Ohio
$1.34M -$3.33M -104,070 -70%
SRAM
41
Stone Ridge Asset Management
New York
$1.29M +$384K +12,016 +38%
Morgan Stanley
42
Morgan Stanley
New York
$1.26M -$1.12M -34,936 -45%
Barrow, Hanley, Mewhinney & Strauss
43
Barrow, Hanley, Mewhinney & Strauss
Texas
$1.22M -$382K -11,937 -23%
Axa
44
Axa
France
$1.1M -$141K -4,400 -11%
SFM
45
Systematic Financial Management
New Jersey
$1.09M +$1.17M +36,605 New
Invesco
46
Invesco
Georgia
$1.06M -$1.04M -32,678 -48%
Jacobs Levy Equity Management
47
Jacobs Levy Equity Management
New Jersey
$1.02M +$1.1M +34,281 New
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$956K +$1.03M +32,160 New
Bessemer Group
49
Bessemer Group
New Jersey
$895K +$336K +10,500 +54%
PPA
50
Parametric Portfolio Associates
Washington
$893K -$118K -3,696 -11%
1
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CNXN Hedge Fund Activity: Q4 2018 in Review

121 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q4 2018, worth a combined $326M — down 24% from $429M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CNXN and 17 opened new positions — a net loss of 6 holders — while 31 trimmed existing stakes and 55 added.

The largest buyer was Ameriprise, opening a new position worth an estimated $3.58M. The largest seller was Paradigm Capital Management Inc, cutting an estimated $3.79M.

  • 121 institutional investors held PC Connection (CNXN) as of Q4 2018, down from 127 in Q3 2018.
  • Funds reported $326M of PC Connection stock for Q4 2018, down 24% quarter-over-quarter.
  • 17 funds opened new PC Connection positions in Q4 2018 and 23 closed out, a net change of -6 holders.
  • The largest PC Connection buyer in Q4 2018 was Ameriprise, an estimated $3.58M added.
  • The largest PC Connection seller in Q4 2018 was Paradigm Capital Management Inc, an estimated $3.79M sold.

Based on aggregated 13F filings for Q4 2018.