PC Connection
CNXN
112 hedge funds and large institutions have $290M invested in PC Connection in 2017 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 39 reducing their positions, and 9 closing their positions.
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
10% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 39
6% more funds holding
Funds holding: 106 → 112 (+6)
0.3% more ownership
Funds ownership: 41% → 41.3% (+0.3%)
6% less capital invested
Capital invested by funds: $310M → $290M (-$19.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$3.9M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.76M |
| 3 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$1.63M |
| 4 |
MCM
Matarin Capital Management
New York
|
+$1.2M |
| 5 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.25M |
| 2 |
BlackRock
New York
|
-$1.74M |
| 3 |
NAP
New Amsterdam Partners
New York
|
-$1.69M |
| 4 |
Renaissance Technologies
New York
|
-$1.57M |
| 5 |
JIR
James Investment Research
Alpha,
Ohio
|
-$1.02M |
CNXN Hedge Fund Activity: Q4 2017 in Review
112 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q4 2017, worth a combined $290M — down 6.3% from $310M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CNXN positions and 9 closed out — a net gain of 6 holders — while 43 added to existing stakes and 39 trimmed.
The largest buyer was Royce & Associates, adding an estimated $3.9M. The largest seller was Millennium Management, cutting an estimated $2.25M.
- 112 institutional investors held PC Connection (CNXN) as of Q4 2017, up from 106 in Q3 2017.
- Funds reported $290M of PC Connection stock for Q4 2017, down 6.3% quarter-over-quarter.
- 15 funds opened new PC Connection positions in Q4 2017 and 9 closed out, a net change of +6 holders.
- The largest PC Connection buyer in Q4 2017 was Royce & Associates, an estimated $3.9M added.
- The largest PC Connection seller in Q4 2017 was Millennium Management, an estimated $2.25M sold.
Based on aggregated 13F filings for Q4 2017.