PC Connection
CNXN
99 hedge funds and large institutions have $322M invested in PC Connection in 2017 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 40 increasing their positions, 29 reducing their positions, and 8 closing their positions.
125% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 8
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
38% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 29
10% more capital invested
Capital invested by funds: $293M → $322M (+$29.6M)
4% more funds holding
Funds holding: 95 → 99 (+4)
1.26% more ownership
Funds ownership: 39.25% → 40.51% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$28.2M |
| 2 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$6.34M |
| 3 |
RA
Royce & Associates
New York
|
+$2M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.76M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$2.26M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.41M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.38M |
| 4 |
Morgan Stanley
New York
|
-$1.12M |
| 5 |
Millennium Management
New York
|
-$868K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Wolverine Trading
Chicago,
Illinois
| – | -$351K | -12,502 | Closed |
|
|
ARTA
102
A.R.T. Advisors
New York
| – | -$221K | -7,900 | Closed |
|
103
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$213K | -7,569 | Closed |
|
|
AIM
104
Acrospire Investment Management
Chicago,
Illinois
| – | -$60K | -2,126 | Closed |
|
|
EF
105
Empirical Finance
Havertown,
Pennsylvania
| – | -$5K | -160 | Closed |
|
|
TRCT
106
Tower Research Capital (TRC)
New York
| – | -$3K | -105 | Closed |
|
CNXN Hedge Fund Activity: Q1 2017 in Review
99 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q1 2017, worth a combined $322M — up 10% from $293M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new CNXN positions and 8 closed out — a net gain of 10 holders — while 40 added to existing stakes and 29 trimmed.
The largest buyer was BlackRock, adding an estimated $28.2M. The largest seller was Paradigm Capital Management Inc, cutting an estimated $2.26M.
- 99 institutional investors held PC Connection (CNXN) as of Q1 2017, up from 95 in Q4 2016.
- Funds reported $322M of PC Connection stock for Q1 2017, up 10% quarter-over-quarter.
- 18 funds opened new PC Connection positions in Q1 2017 and 8 closed out, a net change of +10 holders.
- The largest PC Connection buyer in Q1 2017 was BlackRock, an estimated $28.2M added.
- The largest PC Connection seller in Q1 2017 was Paradigm Capital Management Inc, an estimated $2.26M sold.
Based on aggregated 13F filings for Q1 2017.