PC Connection
CNXN
91 hedge funds and large institutions have $177M invested in PC Connection in 2014 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 37 increasing their positions, 31 reducing their positions, and 11 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 31
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 95 → 91 (-4)
11% less capital invested
Capital invested by funds: $198M → $177M (-$21.6M)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$17.1M |
| 2 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
+$3.27M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$1.97M |
| 4 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
+$1.62M |
| 5 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$1.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$3.42M |
| 2 |
GAM
Gotham Asset Management
New York
|
-$1.69M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$1.57M |
| 4 |
Morgan Stanley
New York
|
-$1.48M |
| 5 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$1.36M |
CNXN Hedge Fund Activity: Q1 2014 in Review
91 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q1 2014, worth a combined $177M — down 11% from $198M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of CNXN and 8 opened new positions — a net loss of 3 holders — while 31 trimmed existing stakes and 37 added.
The largest buyer was Royce & Associates, adding an estimated $17.1M. The largest seller was Numeric Investors, exiting entirely with an estimated $3.42M sold.
- 91 institutional investors held PC Connection (CNXN) as of Q1 2014, down from 95 in Q4 2013.
- Funds reported $177M of PC Connection stock for Q1 2014, down 11% quarter-over-quarter.
- 8 funds opened new PC Connection positions in Q1 2014 and 11 closed out, a net change of -3 holders.
- The largest PC Connection buyer in Q1 2014 was Royce & Associates, an estimated $17.1M added.
- The largest PC Connection seller in Q1 2014 was Numeric Investors, an estimated $3.42M sold.
Based on aggregated 13F filings for Q1 2014.