PC Connection
CNXN
95 hedge funds and large institutions have $198M invested in PC Connection in 2013 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 28 increasing their positions, 37 reducing their positions, and 6 closing their positions.
217% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 6
67% more capital invested
Capital invested by funds: $119M → $198M (+$79.6M)
14% more funds holding
Funds holding: 83 → 95 (+12)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less call options, than puts
Call options by funds: $159K | Put options by funds: $174K
24% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$7.9M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$2.24M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.88M |
| 4 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
+$1.29M |
| 5 |
GAM
Gotham Asset Management
New York
|
+$817K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
-$5.36M |
| 2 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$3.38M |
| 3 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$3.02M |
| 4 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.87M |
| 5 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
-$832K |
CNXN Hedge Fund Activity: Q4 2013 in Review
95 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q4 2013, worth a combined $198M — up 67% from $119M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CNXN positions and 6 closed out — a net gain of 13 holders — while 28 added to existing stakes and 37 trimmed.
The largest buyer was Royce & Associates, adding an estimated $7.9M. The largest seller was ZPR Investment Management, cutting an estimated $5.36M.
- 95 institutional investors held PC Connection (CNXN) as of Q4 2013, up from 83 in Q3 2013.
- Funds reported $198M of PC Connection stock for Q4 2013, up 67% quarter-over-quarter.
- 19 funds opened new PC Connection positions in Q4 2013 and 6 closed out, a net change of +13 holders.
- The largest PC Connection buyer in Q4 2013 was Royce & Associates, an estimated $7.9M added.
- The largest PC Connection seller in Q4 2013 was ZPR Investment Management, an estimated $5.36M sold.
Based on aggregated 13F filings for Q4 2013.