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PC Connection
CNXN

104 hedge funds and large institutions have $270M invested in PC Connection in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 38 increasing their positions, 39 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 39

1.08% less ownership

Funds ownership: 41.3% → 40.22% (-1.1%)

7% less capital invested

Capital invested by funds: $290M → $270M (-$20.2M)

7% less funds holding

Funds holding: 112 → 104 (-8)

50% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 16

Holders
104
Holders Change
-8
Holders Change %
-7.14%
% of All Funds
2.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
38
Reduced
39
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KCM
Kennedy Capital Management
Missouri
+$1.45M
2
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$784K
3
TCM
Tributary Capital Management
Nebraska
+$718K
4
FAM
Fenimore Asset Management
New York
+$366K
5
BCM
BlueCrest Capital Management
Jersey
+$316K

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$2.9M
2
IA
IndexIQ Advisors
New York
-$1.25M
3
Nordea Investment Management
Nordea Investment Management
Sweden
-$1.11M
4
CAM
ClariVest Asset Management
California
-$1.07M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$1.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
51
Goldman Sachs
New York
$551K -$464K -17,934 -45%
TA
52
Teachers Advisors
New York
$516K – – –
Swiss National Bank
53
Swiss National Bank
Switzerland
$498K – – –
Bessemer Group
54
Bessemer Group
New Jersey
$490K +$25.9K +1,000 +5%
New York State Common Retirement Fund
55
New York State Common Retirement Fund
New York
$451K – – –
California State Teachers Retirement System (CalSTRS)
56
California State Teachers Retirement System (CalSTRS)
California
$443K -$13.9K -537 -3%
Millennium Management
57
Millennium Management
New York
$390K -$261K -10,078 -39%
FQ
58
First Quadrant
California
$380K +$97.4K +3,765 +33%
CS
59
Credit Suisse
Switzerland
$368K +$11.6K +448 +3%
California Public Employees Retirement System
60
California Public Employees Retirement System
California
$334K -$59K -2,281 -15%
Victory Capital Management
61
Victory Capital Management
Texas
$321K +$91K +3,517 +38%
BCM
62
BlueCrest Capital Management
Jersey
$305K +$316K +12,211 New
AG
63
Aperio Group
California
$291K -$27.6K -1,066 -8%
First Trust Advisors
64
First Trust Advisors
Illinois
$285K +$21K +810 +8%
RhumbLine Advisers
65
RhumbLine Advisers
Massachusetts
$284K -$14.2K -550 -5%
CI
66
Cigna Investments
Connecticut
$274K +$72.9K +2,818 +35%
AllianceBernstein
67
AllianceBernstein
Tennessee
$255K +$12.9K +500 +5%
ZCM
68
Zebra Capital Management
Connecticut
$248K +$257K +9,916 New
Manulife (Manufacturers Life Insurance)
69
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$238K -$5.95K -230 -2%
D.E. Shaw & Co
70
D.E. Shaw & Co
New York
$234K +$32.5K +1,257 +16%
AIG
71
American International Group
New York
$185K -$10.3K -399 -5%
Acadian Asset Management
72
Acadian Asset Management
Massachusetts
$180K +$187K +7,225 New
US Bancorp
73
US Bancorp
Minnesota
$160K +$91.4K +3,532 +123%
Public Employees Retirement Association of Colorado
74
Public Employees Retirement Association of Colorado
Colorado
$158K – – –
DBT
75
Dubuque Bank & Trust
Iowa
$155K +$6.06K +234 +4%
1 2
3
4 5

CNXN Hedge Fund Activity: Q1 2018 in Review

104 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q1 2018, worth a combined $270M — down 7% from $290M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of CNXN and 8 opened new positions — a net loss of 8 holders — while 39 trimmed existing stakes and 38 added.

The largest buyer was Kennedy Capital Management, adding an estimated $1.45M. The largest seller was BlackRock, cutting an estimated $2.9M.

  • 104 institutional investors held PC Connection (CNXN) as of Q1 2018, down from 112 in Q4 2017.
  • Funds reported $270M of PC Connection stock for Q1 2018, down 7% quarter-over-quarter.
  • 8 funds opened new PC Connection positions in Q1 2018 and 16 closed out, a net change of -8 holders.
  • The largest PC Connection buyer in Q1 2018 was Kennedy Capital Management, an estimated $1.45M added.
  • The largest PC Connection seller in Q1 2018 was BlackRock, an estimated $2.9M sold.

Based on aggregated 13F filings for Q1 2018.