PC Connection
CNXN
106 hedge funds and large institutions have $310M invested in PC Connection in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 42 increasing their positions, 33 reducing their positions, and 7 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 33
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
3% more capital invested
Capital invested by funds: $299M → $310M (+$10.4M)
0% more funds holding
Funds holding: 106 → 106 (0)
0.32% less ownership
Funds ownership: 41.32% → 41% (-0.32%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NAP
New Amsterdam Partners
New York
|
+$1.56M |
| 2 |
BlackRock
New York
|
+$1.55M |
| 3 |
Millennium Management
New York
|
+$1.23M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$831K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$468K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$3.09M |
| 2 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
-$1.36M |
| 3 |
Renaissance Technologies
New York
|
-$861K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$822K |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$726K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
101
Ladenburg Thalmann Financial Services
Miami,
Florida
| $8K | -$2.63K | -101 | -26% |
|
102
Loomis, Sayles & Company
Boston,
Massachusetts
| $3K | – | – | – |
|
103
Bank of Montreal
Toronto,
Ontario, Canada
| $2K | – | – | – |
|
|
RWA
104
Ropes Wealth Advisors
Boston,
Massachusetts
| $2K | +$1.51K | +58 | New |
|
|
IA
105
IFP Advisors
Tampa,
Florida
| $2K | +$2.13K | +82 | New |
|
|
ZIM
106
ZPR Investment Management
Orange City,
Florida
| – | -$1.36M | -50,291 | Closed |
|
|
TC
107
TFS Capital
West Chester,
Pennsylvania
| – | -$857K | -31,681 | Closed |
|
108
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$505K | -18,653 | Closed |
|
|
WIC
109
Whitegate Investment Counselors
Concord,
New Hampshire
| – | -$425K | -15,700 | Closed |
|
|
AIM
110
Acrospire Investment Management
Chicago,
Illinois
| – | -$22K | -815 | Closed |
|
|
TWA
111
TCI Wealth Advisors
Tucson,
Arizona
| – | -$8K | -295 | Closed |
|
CNXN Hedge Fund Activity: Q3 2017 in Review
106 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q3 2017, worth a combined $310M — up 3.5% from $299M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new CNXN positions and 7 closed out — a net gain of 1 holder — while 42 added to existing stakes and 33 trimmed.
The largest buyer was New Amsterdam Partners, opening a new position worth an estimated $1.56M. The largest seller was Royce & Associates, cutting an estimated $3.09M.
- 106 institutional investors held PC Connection (CNXN) as of Q3 2017, unchanged from Q2 2017.
- Funds reported $310M of PC Connection stock for Q3 2017, up 3.5% quarter-over-quarter.
- 8 funds opened new PC Connection positions in Q3 2017 and 7 closed out, a net change of +1 holder.
- The largest PC Connection buyer in Q3 2017 was New Amsterdam Partners, an estimated $1.56M added.
- The largest PC Connection seller in Q3 2017 was Royce & Associates, an estimated $3.09M sold.
Based on aggregated 13F filings for Q3 2017.