PC Connection
CNXN
95 hedge funds and large institutions have $274M invested in PC Connection in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 43 increasing their positions, 29 reducing their positions, and 10 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 29
11% more capital invested
Capital invested by funds: $247M → $274M (+$27.8M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 97 → 95 (-2)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$2.11M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$1.55M |
| 3 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
+$1.21M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.07M |
| 5 |
Millennium Management
New York
|
+$825K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$3.27M |
| 2 |
CIM
Calvert Investment Management
Bethesda,
Maryland
|
-$2.87M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.74M |
| 4 |
EA
Emerald Acquisition
Seattle,
Washington
|
-$881K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$775K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CMBA
101
C.M. Bidwell & Associates
Honolulu,
Hawaii
| – | -$175K | -7,350 | Closed |
|
102
Teacher Retirement System of Texas
Austin,
Texas
| – | -$40K | -1,680 | Closed |
|
|
AIM
103
Acrospire Investment Management
Chicago,
Illinois
| – | -$10K | -406 | Closed |
|
|
CG
104
Cutler Group
San Francisco,
California
| – | -$3K | -129 | Closed |
|
|
AG
105
Advisor Group
Phoenix,
Arizona
| – | -$1K | -44 | Closed |
|
CNXN Hedge Fund Activity: Q3 2016 in Review
95 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q3 2016, worth a combined $274M — up 11% from $247M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of CNXN and 8 opened new positions — a net loss of 2 holders — while 29 trimmed existing stakes and 43 added.
The largest buyer was Paradigm Capital Management Inc, adding an estimated $2.11M. The largest seller was Royce & Associates, cutting an estimated $3.27M.
- 95 institutional investors held PC Connection (CNXN) as of Q3 2016, down from 97 in Q2 2016.
- Funds reported $274M of PC Connection stock for Q3 2016, up 11% quarter-over-quarter.
- 8 funds opened new PC Connection positions in Q3 2016 and 10 closed out, a net change of -2 holders.
- The largest PC Connection buyer in Q3 2016 was Paradigm Capital Management Inc, an estimated $2.11M added.
- The largest PC Connection seller in Q3 2016 was Royce & Associates, an estimated $3.27M sold.
Based on aggregated 13F filings for Q3 2016.