PC Connection
CNXN
123 hedge funds and large institutions have $596M invested in PC Connection in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 45 increasing their positions, 49 reducing their positions, and 11 closing their positions.
21% more capital invested
Capital invested by funds: $494M → $596M (+$102M)
0.74% more ownership
Funds ownership: 41.74% → 42.48% (+0.74%)
8% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 49
3% less funds holding
Funds holding: 127 → 123 (-4)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$11.7M |
| 2 |
RhumbLine Advisers
Boston,
Massachusetts
|
+$2.86M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$2.79M |
| 4 |
Millennium Management
New York
|
+$2.36M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$4.33M |
| 2 |
BlackRock
New York
|
-$3.5M |
| 3 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$2.27M |
| 4 |
Goldman Sachs
New York
|
-$1.25M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Lido Advisors
Los Angeles,
California
| – | -$335K | -7,418 | Closed |
|
|
CIA
127
Capital Impact Advisors
Boston,
Massachusetts
| – | -$302K | -6,691 | Closed |
|
128
Amundi
Paris,
France
| – | -$95.2K | -2,096 | Closed |
|
129
Russell Investments Group
London,
United Kingdom
| – | -$27.9K | -618 | Closed |
|
|
QT
130
Quantbot Technologies
New York
| – | -$17.6K | -391 | Closed |
|
|
ACM
131
Aquatic Capital Management
Chicago,
Illinois
| – | -$14K | -300 | Closed |
|
132
Simplex Trading
Chicago,
Illinois
| – | -$2K | -62 | Closed |
|
|
2L
133
25 LLC
St. Louis,
Missouri
| – | -$1.06K | -23 | Closed |
|
|
BAAM
134
Baker Avenue Asset Management
San Francisco,
California
| – | -$496 | -11 | Closed |
|
CNXN Hedge Fund Activity: Q3 2023 in Review
123 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q3 2023, worth a combined $596M — up 21% from $494M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of CNXN and 8 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 45 added.
The largest buyer was Pacer Advisors, adding an estimated $11.7M. The largest seller was Invesco, cutting an estimated $4.33M.
- 123 institutional investors held PC Connection (CNXN) as of Q3 2023, down from 127 in Q2 2023.
- Funds reported $596M of PC Connection stock for Q3 2023, up 21% quarter-over-quarter.
- 8 funds opened new PC Connection positions in Q3 2023 and 11 closed out, a net change of -3 holders.
- The largest PC Connection buyer in Q3 2023 was Pacer Advisors, an estimated $11.7M added.
- The largest PC Connection seller in Q3 2023 was Invesco, an estimated $4.33M sold.
Based on aggregated 13F filings for Q3 2023.