PC Connection
CNXN
121 hedge funds and large institutions have $326M invested in PC Connection in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 55 increasing their positions, 31 reducing their positions, and 23 closing their positions.
77% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 31
0.01% less ownership
Funds ownership: 41.04% → 41.03% (-0.01%)
5% less funds holding
Funds holding: 127 → 121 (-6)
24% less capital invested
Capital invested by funds: $429M → $326M (-$103M)
26% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 23
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.58M |
| 2 |
Goldman Sachs
New York
|
+$3.17M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$2.09M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.08M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$3.79M |
| 2 |
JIR
James Investment Research
Alpha,
Ohio
|
-$3.33M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$2.62M |
| 4 |
ClearBridge Investments
New York
|
-$2.56M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.03M |
CNXN Hedge Fund Activity: Q4 2018 in Review
121 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q4 2018, worth a combined $326M — down 24% from $429M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of CNXN and 17 opened new positions — a net loss of 6 holders — while 31 trimmed existing stakes and 55 added.
The largest buyer was Ameriprise, opening a new position worth an estimated $3.58M. The largest seller was Paradigm Capital Management Inc, cutting an estimated $3.79M.
- 121 institutional investors held PC Connection (CNXN) as of Q4 2018, down from 127 in Q3 2018.
- Funds reported $326M of PC Connection stock for Q4 2018, down 24% quarter-over-quarter.
- 17 funds opened new PC Connection positions in Q4 2018 and 23 closed out, a net change of -6 holders.
- The largest PC Connection buyer in Q4 2018 was Ameriprise, an estimated $3.58M added.
- The largest PC Connection seller in Q4 2018 was Paradigm Capital Management Inc, an estimated $3.79M sold.
Based on aggregated 13F filings for Q4 2018.