PC Connection
CNXN
147 hedge funds and large institutions have $741M invested in PC Connection in 2024 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 42 increasing their positions, 56 reducing their positions, and 14 closing their positions.
1,029% more call options, than puts
Call options by funds: $824K | Put options by funds: $73K
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
6% more funds holding
Funds holding: 139 → 147 (+8)
0.83% less ownership
Funds ownership: 43.49% → 42.67% (-0.83%)
3% less capital invested
Capital invested by funds: $768M → $741M (-$26.7M)
25% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 56
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$22.7M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$4.41M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$2.86M |
| 4 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$2.08M |
| 5 |
SG Americas Securities
New York
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$22.2M |
| 2 |
Morgan Stanley
New York
|
-$8.41M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
-$7.34M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$6.71M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$3.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$396K | -6,042 | Closed |
|
152
SEI Investments
Oaks,
Pennsylvania
| – | -$301K | -4,476 | Closed |
|
153
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
| – | -$282K | -4,200 | Closed |
|
|
JF
154
Jump Financial
Chicago,
Illinois
| – | -$259K | -3,860 | Closed |
|
155
HighTower Advisors
Chicago,
Illinois
| – | -$239K | -3,495 | Closed |
|
|
SPS
156
Susquehanna Portfolio Strategies
Bala Cynwyd,
Pennsylvania
| – | -$221K | -3,284 | Closed |
|
157
KBC Group
Brussels,
Belgium
| – | -$35K | -525 | Closed |
|
|
AS
158
Altshuler Shaham
Tel Aviv,
Israel
| – | -$19.6K | -292 | Closed |
|
|
WTG
159
West Tower Group
Richmond,
Virginia
| – | -$13.8K | -205 | Closed |
|
160
Bessemer Group
Woodbridge,
New Jersey
| – | -$5K | -80 | Closed |
|
|
GWS
161
Glassman Wealth Services
Vienna,
Virginia
| – | -$1.21K | -18 | Closed |
|
CNXN Hedge Fund Activity: Q1 2024 in Review
147 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q1 2024, worth a combined $741M — down 3.5% from $768M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CNXN positions and 14 closed out — a net gain of 9 holders — while 42 added to existing stakes and 56 trimmed.
The largest buyer was Pacer Advisors, adding an estimated $22.7M. The largest seller was Mawer Investment Management, cutting an estimated $22.2M.
- 147 institutional investors held PC Connection (CNXN) as of Q1 2024, up from 139 in Q4 2023.
- Funds reported $741M of PC Connection stock for Q1 2024, down 3.5% quarter-over-quarter.
- 23 funds opened new PC Connection positions in Q1 2024 and 14 closed out, a net change of +9 holders.
- The largest PC Connection buyer in Q1 2024 was Pacer Advisors, an estimated $22.7M added.
- The largest PC Connection seller in Q1 2024 was Mawer Investment Management, an estimated $22.2M sold.
Based on aggregated 13F filings for Q1 2024.