PC Connection
CNXN
144 hedge funds and large institutions have $540M invested in PC Connection in 2020 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 48 increasing their positions, 51 reducing their positions, and 20 closing their positions.
14% more capital invested
Capital invested by funds: $473M → $540M (+$66.4M)
1% more ownership
Funds ownership: 43.58% → 44.58% (+1%)
0% more funds holding
Funds holding: 144 → 144 (0)
0% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 20
6% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 51
21% less call options, than puts
Call options by funds: $1.07M | Put options by funds: $1.36M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
+$20.8M |
| 2 |
WC
Walthausen & Co
Malta,
New York
|
+$3.05M |
| 3 |
NSGL
No Street GP LP
San Francisco,
California
|
+$2.93M |
| 4 |
WG
Winton Group
London,
United Kingdom
|
+$1.89M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3.75M |
| 2 |
GIPM
G2 Investment Partners Management
New York
|
-$3.65M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$3.64M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$3.58M |
| 5 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$1.91M |
CNXN Hedge Fund Activity: Q2 2020 in Review
144 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q2 2020, worth a combined $540M — up 14% from $473M a quarter earlier.
Fund positioning in CNXN was balanced in Q2 2020: 20 funds opened new positions, 20 closed out, 48 added to existing stakes and 51 trimmed.
The largest buyer was Mawer Investment Management, opening a new position worth an estimated $20.8M. The largest seller was BlackRock, cutting an estimated $3.75M.
- 144 institutional investors held PC Connection (CNXN) as of Q2 2020, unchanged from Q1 2020.
- Funds reported $540M of PC Connection stock for Q2 2020, up 14% quarter-over-quarter.
- 20 funds opened new PC Connection positions in Q2 2020 and 20 closed out, a net change of 0 holders.
- The largest PC Connection buyer in Q2 2020 was Mawer Investment Management, an estimated $20.8M added.
- The largest PC Connection seller in Q2 2020 was BlackRock, an estimated $3.75M sold.
Based on aggregated 13F filings for Q2 2020.