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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.45M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$784K |
| 3 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$718K |
| 4 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
+$366K |
| 5 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$316K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.9M |
| 2 |
IA
IndexIQ Advisors
New York
|
-$1.25M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
-$1.11M |
| 4 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$1.07M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.07M |
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.