PC Connection
CNXN
95 hedge funds and large institutions have $293M invested in PC Connection in 2016 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 29 increasing their positions, 41 reducing their positions, and 11 closing their positions.
39.25% more ownership
Funds ownership: 0% → 39.25% (+39%)
6% more capital invested
Capital invested by funds: $276M → $293M (+$16.5M)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 96 → 95 (-1)
29% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 41
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $10K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.16M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.01M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.52M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
+$1.22M |
| 5 |
CAM
ClariVest Asset Management
San Diego,
California
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$3.61M |
| 2 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
-$1.78M |
| 3 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$1.47M |
| 4 |
ZIM
ZPR Investment Management
Orange City,
Florida
|
-$1.23M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.08M |
CNXN Hedge Fund Activity: Q4 2016 in Review
95 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q4 2016, worth a combined $293M — up 6% from $276M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new CNXN positions and 11 closed out — a net gain of 1 holder — while 29 added to existing stakes and 41 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $2.16M. The largest seller was Royce & Associates, cutting an estimated $3.61M.
- 95 institutional investors held PC Connection (CNXN) as of Q4 2016, down from 96 in Q3 2016.
- Funds reported $293M of PC Connection stock for Q4 2016, up 6% quarter-over-quarter.
- 12 funds opened new PC Connection positions in Q4 2016 and 11 closed out, a net change of +1 holder.
- The largest PC Connection buyer in Q4 2016 was Royal Bank of Canada, an estimated $2.16M added.
- The largest PC Connection seller in Q4 2016 was Royce & Associates, an estimated $3.61M sold.
Based on aggregated 13F filings for Q4 2016.