PC Connection
CNXN
127 hedge funds and large institutions have $429M invested in PC Connection in 2018 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 47 increasing their positions, 44 reducing their positions, and 8 closing their positions.
213% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 8
18% more capital invested
Capital invested by funds: $365M → $429M (+$64.1M)
14% more funds holding
Funds holding: 111 → 127 (+16)
7% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 44
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.19% less ownership
Funds ownership: 41.23% → 41.04% (-0.19%)
39% less call options, than puts
Call options by funds: $210K | Put options by funds: $346K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$4.3M |
| 2 |
JIR
James Investment Research
Alpha,
Ohio
|
+$2.13M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$2.12M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$1.78M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$13.7M |
| 2 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
-$4.05M |
| 3 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
-$1.93M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$1.38M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.37M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BGIM
126
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$1.32M | -39,618 | Closed |
|
127
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$304K | -9,191 | Closed |
|
128
D.E. Shaw & Co
New York
| – | -$257K | -7,748 | Closed |
|
129
Two Sigma Investments
New York
| – | -$232K | -6,990 | Closed |
|
|
PTC
130
Petrus Trust Company
Dallas,
Texas
| – | -$224K | -6,749 | Closed |
|
131
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$13K | -400 | Closed |
|
|
PIA
132
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$7K | -200 | Closed |
|
|
FIA
133
FNY Investment Advisers
New York
| – | -$3K | -100 | Closed |
|
|
ARMC
134
American Research & Management Company
Marion,
Massachusetts
| – | +$259 | +7 | New |
|
CNXN Hedge Fund Activity: Q3 2018 in Review
127 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q3 2018, worth a combined $429M — up 18% from $365M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new CNXN positions and 8 closed out — a net gain of 17 holders — while 47 added to existing stakes and 44 trimmed.
The largest buyer was BlackRock, adding an estimated $4.3M. The largest seller was Royce & Associates, cutting an estimated $13.7M.
- 127 institutional investors held PC Connection (CNXN) as of Q3 2018, up from 111 in Q2 2018.
- Funds reported $429M of PC Connection stock for Q3 2018, up 18% quarter-over-quarter.
- 25 funds opened new PC Connection positions in Q3 2018 and 8 closed out, a net change of +17 holders.
- The largest PC Connection buyer in Q3 2018 was BlackRock, an estimated $4.3M added.
- The largest PC Connection seller in Q3 2018 was Royce & Associates, an estimated $13.7M sold.
Based on aggregated 13F filings for Q3 2018.