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PC Connection
CNXN

128 hedge funds and large institutions have $492M invested in PC Connection in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 53 increasing their positions, 43 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

103% more call options, than puts

Call options by funds: $71K | Put options by funds: $35K

23% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 43

13% more capital invested

Capital invested by funds: $437M → $492M (+$55.2M)

0.88% less ownership

Funds ownership: 42.47% → 41.6% (-0.88%)

13% less funds holding

Funds holding: 147 → 128 (-19)

62% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 29

Holders
128
Holders Change
-19
Holders Change %
-12.93%
% of All Funds
2.04%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
11
Increased
53
Reduced
43
Closed
29
Calls
$71K
Puts
$35K
Net Calls
+$36K
Net Calls Change
+$1.14M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$2.86M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.98M
3
Brown Advisory
Brown Advisory
Maryland
+$1.75M
4
Norges Bank
Norges Bank
Norway
+$1.62M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.09M

Top Sellers

Rank Fund Capital Flow
1
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
-$16.9M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$1.19M
3
AG
Algert Global
California
-$1.06M
4
Morgan Stanley
Morgan Stanley
New York
-$866K
5
Axa
Axa
France
-$622K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$1.76M +$637K +13,960 +55%
Renaissance Technologies
27
Renaissance Technologies
New York
$1.74M -$214K -4,700 -11%
ETM
28
Euclidean Technologies Management
Washington
$1.73M – – –
RhumbLine Advisers
29
RhumbLine Advisers
Massachusetts
$1.69M +$52K +1,139 +3%
MAM
30
Martingale Asset Management
Massachusetts
$1.64M +$32K +701 +2%
Prudential Financial
31
Prudential Financial
New Jersey
$1.44M -$613K -13,428 -30%
Fidelity Investments
32
Fidelity Investments
Massachusetts
$1.36M +$7.03K +154 +0.5%
JIR
33
James Investment Research
Ohio
$1.35M +$3.56K +78 +0.3%
WG
34
Winton Group
United Kingdom
$1.29M +$151K +3,300 +13%
Legal & General Group
35
Legal & General Group
United Kingdom
$1.28M -$15.5K -339 -1%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$1.28M -$121K -2,651 -9%
LTAS
37
Linden Thomas Advisory Services
North Carolina
$1.27M +$86.5K +1,895 +7%
Swiss National Bank
38
Swiss National Bank
Switzerland
$1.15M -$132K -2,900 -10%
JP Morgan Chase
39
JP Morgan Chase
New York
$1.01M +$308K +6,760 +43%
Bank of America
40
Bank of America
North Carolina
$942K +$174K +3,813 +22%
Two Sigma Advisers
41
Two Sigma Advisers
New York
$913K +$36.5K +800 +4%
Public Sector Pension Investment Board (PSP Investments)
42
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$894K -$37.8K -828 -4%
PRCP
43
Pacific Ridge Capital Partners
Oregon
$872K -$5.02K -110 -0.6%
Two Sigma Investments
44
Two Sigma Investments
New York
$800K +$262K +5,752 +48%
CS
45
Credit Suisse
Switzerland
$786K +$183 +4 +0%
Barclays
46
Barclays
United Kingdom
$748K +$10.7K +234 +1%
Allianz Asset Management
47
Allianz Asset Management
Germany
$685K +$22.1K +485 +3%
ZCM
48
Zebra Capital Management
Connecticut
$658K +$42.5K +932 +7%
California State Teachers Retirement System (CalSTRS)
49
California State Teachers Retirement System (CalSTRS)
California
$655K -$8.62K -189 -1%
MSAM
50
Moloney Securities Asset Management
Missouri
$654K +$113K +2,472 +20%
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CNXN Hedge Fund Activity: Q1 2023 in Review

128 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q1 2023, worth a combined $492M — up 13% from $437M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of CNXN and 11 opened new positions — a net loss of 18 holders — while 43 trimmed existing stakes and 53 added.

The largest buyer was Citadel Advisors, adding an estimated $2.86M. The largest seller was Mawer Investment Management, cutting an estimated $16.9M.

  • 128 institutional investors held PC Connection (CNXN) as of Q1 2023, down from 147 in Q4 2022.
  • Funds reported $492M of PC Connection stock for Q1 2023, up 13% quarter-over-quarter.
  • 11 funds opened new PC Connection positions in Q1 2023 and 29 closed out, a net change of -18 holders.
  • The largest PC Connection buyer in Q1 2023 was Citadel Advisors, an estimated $2.86M added.
  • The largest PC Connection seller in Q1 2023 was Mawer Investment Management, an estimated $16.9M sold.

Based on aggregated 13F filings for Q1 2023.