PC Connection
CNXN
89 hedge funds and large institutions have $204M invested in PC Connection in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 41 reducing their positions, and 9 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
9% more capital invested
Capital invested by funds: $186M → $204M (+$17.5M)
1.74% more ownership
Funds ownership: 34.35% → 36.08% (+1.7%)
2% less funds holding
Funds holding: 91 → 89 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
49% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 41
67% less call options, than puts
Call options by funds: $1K | Put options by funds: $3K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$7.7M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$2.61M |
| 3 |
CCM
Coe Capital Management
Highland Park,
Illinois
|
+$1.61M |
| 4 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$748K |
| 5 |
NEIRG
New England Investment & Retirement Group
North Andover,
Massachusetts
|
+$711K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$910K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$563K |
| 3 |
Two Sigma Investments
New York
|
-$491K |
| 4 |
CIA
Capital Impact Advisors
Boston,
Massachusetts
|
-$374K |
| 5 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$359K |
CNXN Hedge Fund Activity: Q3 2014 in Review
89 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q3 2014, worth a combined $204M — up 9.4% from $186M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of CNXN and 7 opened new positions — a net loss of 2 holders — while 41 trimmed existing stakes and 21 added.
The largest buyer was Royce & Associates, adding an estimated $7.7M. The largest seller was Bridgeway Capital Management, exiting entirely with an estimated $910K sold.
- 89 institutional investors held PC Connection (CNXN) as of Q3 2014, down from 91 in Q2 2014.
- Funds reported $204M of PC Connection stock for Q3 2014, up 9.4% quarter-over-quarter.
- 7 funds opened new PC Connection positions in Q3 2014 and 9 closed out, a net change of -2 holders.
- The largest PC Connection buyer in Q3 2014 was Royce & Associates, an estimated $7.7M added.
- The largest PC Connection seller in Q3 2014 was Bridgeway Capital Management, an estimated $910K sold.
Based on aggregated 13F filings for Q3 2014.