PC Connection
CNXN
129 hedge funds and large institutions have $474M invested in PC Connection in 2020 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 57 reducing their positions, and 26 closing their positions.
1,980% more call options, than puts
Call options by funds: $2.73M | Put options by funds: $131K
0.49% less ownership
Funds ownership: 44.58% → 44.09% (-0.49%)
10% less funds holding
Funds holding: 144 → 129 (-15)
12% less capital invested
Capital invested by funds: $540M → $474M (-$66.1M)
42% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 57
58% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
+$36.9M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$3.69M |
| 3 |
Goldman Sachs
New York
|
+$3.65M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.57M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
-$17.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$6.74M |
| 3 |
NSGL
No Street GP LP
San Francisco,
California
|
-$3.23M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.4M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$2.39M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BWA
151
BDO Wealth Advisors
Jacksonville,
Florida
| – | +$131 | +3 | New |
|
152
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | +$438 | +10 | New |
|
CNXN Hedge Fund Activity: Q3 2020 in Review
129 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q3 2020, worth a combined $474M — down 12% from $540M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of CNXN and 11 opened new positions — a net loss of 15 holders — while 57 trimmed existing stakes and 33 added.
The largest buyer was Mawer Investment Management, adding an estimated $36.9M. The largest seller was Tributary Capital Management, exiting entirely with an estimated $17.8M sold.
- 129 institutional investors held PC Connection (CNXN) as of Q3 2020, down from 144 in Q2 2020.
- Funds reported $474M of PC Connection stock for Q3 2020, down 12% quarter-over-quarter.
- 11 funds opened new PC Connection positions in Q3 2020 and 26 closed out, a net change of -15 holders.
- The largest PC Connection buyer in Q3 2020 was Mawer Investment Management, an estimated $36.9M added.
- The largest PC Connection seller in Q3 2020 was Tributary Capital Management, an estimated $17.8M sold.
Based on aggregated 13F filings for Q3 2020.