PC Connection
CNXN
97 hedge funds and large institutions have $265M invested in PC Connection in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 48 increasing their positions, 25 reducing their positions, and 8 closing their positions.
300% more call options, than puts
Call options by funds: $4K | Put options by funds: $1K
92% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 25
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
14% more capital invested
Capital invested by funds: $233M → $265M (+$31.7M)
3% more funds holding
Funds holding: 94 → 97 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$1.18M |
| 2 |
JIR
James Investment Research
Alpha,
Ohio
|
+$1.02M |
| 3 |
Millennium Management
New York
|
+$710K |
| 4 |
Renaissance Technologies
New York
|
+$680K |
| 5 |
ZIM
Zacks Investment Management
Chicago,
Illinois
|
+$626K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$3.52M |
| 2 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
-$702K |
| 3 |
CIA
Capital Impact Advisors
Boston,
Massachusetts
|
-$697K |
| 4 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$685K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$680K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$66K | -2,900 | Closed |
|
102
BNP Paribas Financial Markets
Paris,
France
| – | -$44.1K | -1,946 | Closed |
|
103
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$18K | -800 | Closed |
|
104
UBS Group
Zurich,
Switzerland
| – | -$7K | -289 | Closed |
|
CNXN Hedge Fund Activity: Q1 2016 in Review
97 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q1 2016, worth a combined $265M — up 14% from $233M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new CNXN positions and 8 closed out — a net gain of 3 holders — while 48 added to existing stakes and 25 trimmed.
The largest buyer was State Street, adding an estimated $1.18M. The largest seller was Royce & Associates, cutting an estimated $3.52M.
- 97 institutional investors held PC Connection (CNXN) as of Q1 2016, up from 94 in Q4 2015.
- Funds reported $265M of PC Connection stock for Q1 2016, up 14% quarter-over-quarter.
- 11 funds opened new PC Connection positions in Q1 2016 and 8 closed out, a net change of +3 holders.
- The largest PC Connection buyer in Q1 2016 was State Street, an estimated $1.18M added.
- The largest PC Connection seller in Q1 2016 was Royce & Associates, an estimated $3.52M sold.
Based on aggregated 13F filings for Q1 2016.