PC Connection
CNXN
187 hedge funds and large institutions have $644M invested in PC Connection in 2025 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 76 increasing their positions, 66 reducing their positions, and 15 closing their positions.
178% more call options, than puts
Call options by funds: $657K | Put options by funds: $236K
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
15% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 66
3% more funds holding
Funds holding: 181 → 187 (+6)
0.74% less ownership
Funds ownership: 41.66% → 40.92% (-0.74%)
8% less capital invested
Capital invested by funds: $696M → $644M (-$52.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
+$5.2M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$4.4M |
| 3 |
Two Sigma Investments
New York
|
+$2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.92M |
| 5 |
Morgan Stanley
New York
|
+$1.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$10.5M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$3.49M |
| 3 |
BlackRock
New York
|
-$3.24M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$2.98M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Raymond James Financial
St Petersburg,
Florida
| – | -$21.4K | -326 | Closed |
|
|
BIG
202
Brooklyn Investment Group
Brooklyn,
New York
| – | -$17K | -258 | Closed |
|
|
TPWA
203
Twin Peaks Wealth Advisors
Burlingame,
California
| – | -$4.64K | -74 | Closed |
|
|
MCM
204
MAI Capital Management
Independence,
Ohio
| – | -$1.45K | -22 | Closed |
|
CNXN Hedge Fund Activity: Q3 2025 in Review
187 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q3 2025, worth a combined $644M — down 7.5% from $696M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new CNXN positions and 15 closed out — a net gain of 6 holders — while 76 added to existing stakes and 66 trimmed.
The largest buyer was Brown Advisory, adding an estimated $5.2M. The largest seller was Millennium Management, cutting an estimated $10.5M.
- 187 institutional investors held PC Connection (CNXN) as of Q3 2025, up from 181 in Q2 2025.
- Funds reported $644M of PC Connection stock for Q3 2025, down 7.5% quarter-over-quarter.
- 21 funds opened new PC Connection positions in Q3 2025 and 15 closed out, a net change of +6 holders.
- The largest PC Connection buyer in Q3 2025 was Brown Advisory, an estimated $5.2M added.
- The largest PC Connection seller in Q3 2025 was Millennium Management, an estimated $10.5M sold.
Based on aggregated 13F filings for Q3 2025.