PC Connection
CNXN
137 hedge funds and large institutions have $422M invested in PC Connection in 2019 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 50 increasing their positions, 51 reducing their positions, and 12 closing their positions.
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
11% more capital invested
Capital invested by funds: $380M → $422M (+$41.7M)
2% more funds holding
Funds holding: 134 → 137 (+3)
0.04% less ownership
Funds ownership: 41.26% → 41.22% (-0.04%)
2% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$4.86M |
| 2 |
RA
Royce & Associates
New York
|
+$1.96M |
| 3 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
+$1.37M |
| 4 |
WG
Winton Group
London,
United Kingdom
|
+$1.26M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.41M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$3.59M |
| 3 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$2.54M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$1.81M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.77M |
CNXN Hedge Fund Activity: Q3 2019 in Review
137 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q3 2019, worth a combined $422M — up 11% from $380M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CNXN positions and 12 closed out — a net gain of 3 holders — while 50 added to existing stakes and 51 trimmed.
The largest buyer was BlackRock, adding an estimated $4.86M. The largest seller was Ameriprise, cutting an estimated $4.41M.
- 137 institutional investors held PC Connection (CNXN) as of Q3 2019, up from 134 in Q2 2019.
- Funds reported $422M of PC Connection stock for Q3 2019, up 11% quarter-over-quarter.
- 15 funds opened new PC Connection positions in Q3 2019 and 12 closed out, a net change of +3 holders.
- The largest PC Connection buyer in Q3 2019 was BlackRock, an estimated $4.86M added.
- The largest PC Connection seller in Q3 2019 was Ameriprise, an estimated $4.41M sold.
Based on aggregated 13F filings for Q3 2019.