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PC Connection
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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.

New
Increased
Maintained
Reduced
Closed

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 (-$19.5M)

Holders
112
Holders Change
+6
Holders Change %
+5.66%
% of All Funds
2.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
43
Reduced
39
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
+$3.9M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.76M
3
MERSOM
Municipal Employees' Retirement System of Michigan
Michigan
+$1.63M
4
MCM
Matarin Capital Management
New York
+$1.2M
5
PRCP
Pacific Ridge Capital Partners
Oregon
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$2.25M
2
BlackRock
BlackRock
New York
-$1.74M
3
NAP
New Amsterdam Partners
New York
-$1.69M
4
Renaissance Technologies
Renaissance Technologies
New York
-$1.57M
5
JIR
James Investment Research
Ohio
-$1.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$59.2M +$365K +13,477 +0.6%
RA
2
Royce & Associates
New York
$45.1M +$3.9M +143,928 +9%
BlackRock
3
BlackRock
New York
$26.3M -$1.74M -64,374 -6%
Northern Trust
4
Northern Trust
Illinois
$19.2M -$51.2K -1,892 -0.3%
Vanguard Group
5
Vanguard Group
Pennsylvania
$14.8M +$238K +8,805 +2%
TCM
6
Tributary Capital Management
Nebraska
$9.78M -$290K -10,716 -3%
FAM
7
Fenimore Asset Management
New York
$8.42M +$64.2K +2,370 +0.7%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$8.29M +$919K +33,953 +12%
State Street
9
State Street
Massachusetts
$7.33M +$588K +21,709 +8%
LSV Asset Management
10
LSV Asset Management
Illinois
$6.51M – – –
PCMI
11
Paradigm Capital Management Inc
New York
$6.32M – – –
PRCP
12
Pacific Ridge Capital Partners
Oregon
$5.32M +$1.04M +38,520 +23%
CAM
13
ClariVest Asset Management
California
$3.84M -$54.1K -2,000 -1%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$3.79M -$465K -17,193 -11%
Nordea Investment Management
15
Nordea Investment Management
Sweden
$3.55M -$54.1K -2,000 -1%
JIR
16
James Investment Research
Ohio
$3.22M -$1.02M -37,630 -23%
Renaissance Technologies
17
Renaissance Technologies
New York
$2.76M -$1.57M -58,000 -36%
ClearBridge Investments
18
ClearBridge Investments
New York
$2.56M +$569 +21 +0%
Morgan Stanley
19
Morgan Stanley
New York
$2.52M +$279K +10,294 +12%
AQR Capital Management
20
AQR Capital Management
Connecticut
$2.46M +$1.76M +64,905 +223%
Federated Hermes
21
Federated Hermes
Pennsylvania
$2.16M -$83.1K -3,068 -4%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$2.05M -$37.1K -1,370 -2%
Prudential Financial
23
Prudential Financial
New Jersey
$2.03M +$276K +10,212 +15%
Boston Partners
24
Boston Partners
Massachusetts
$2.03M -$56.7K -2,096 -3%
MCM
25
Matarin Capital Management
New York
$1.9M +$1.2M +44,376 +158%
1
2 3 4 5

CNXN Hedge Fund Activity: Q4 2017 in Review

112 of the 4,410 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.