PC Connection
CNXN
128 hedge funds and large institutions have $492M invested in PC Connection in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 53 increasing their positions, 43 reducing their positions, and 29 closing their positions.
103% more call options, than puts
Call options by funds: $71K | Put options by funds: $35K
23% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 43
13% more capital invested
Capital invested by funds: $437M → $492M (+$55.2M)
0.88% less ownership
Funds ownership: 42.47% → 41.6% (-0.88%)
13% less funds holding
Funds holding: 147 → 128 (-19)
62% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$2.86M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.98M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
+$1.75M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$1.62M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$16.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.19M |
| 3 |
AG
Algert Global
San Francisco,
California
|
-$1.06M |
| 4 |
Morgan Stanley
New York
|
-$866K |
| 5 |
Axa
Paris,
France
|
-$622K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWA
151
Sutton Wealth Advisors
Tampa,
Florida
| – | -$6.19K | -132 | Closed |
|
|
VCM
152
Versant Capital Management
Phoenix,
Arizona
| – | -$3.24K | -69 | Closed |
|
|
BAAM
153
Baker Avenue Asset Management
San Francisco,
California
| – | -$1.45K | -31 | Closed |
|
|
EI
154
Ellevest Inc
New York
| – | -$516 | -11 | Closed |
|
155
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$468 | -10 | Closed |
|
CNXN Hedge Fund Activity: Q1 2023 in Review
128 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q1 2023, worth a combined $492M — up 13% from $437M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of CNXN and 11 opened new positions — a net loss of 18 holders — while 43 trimmed existing stakes and 53 added.
The largest buyer was Citadel Advisors, adding an estimated $2.86M. The largest seller was Mawer Investment Management, cutting an estimated $16.9M.
- 128 institutional investors held PC Connection (CNXN) as of Q1 2023, down from 147 in Q4 2022.
- Funds reported $492M of PC Connection stock for Q1 2023, up 13% quarter-over-quarter.
- 11 funds opened new PC Connection positions in Q1 2023 and 29 closed out, a net change of -18 holders.
- The largest PC Connection buyer in Q1 2023 was Citadel Advisors, an estimated $2.86M added.
- The largest PC Connection seller in Q1 2023 was Mawer Investment Management, an estimated $16.9M sold.
Based on aggregated 13F filings for Q1 2023.