PC Connection
CNXN
111 hedge funds and large institutions have $365M invested in PC Connection in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 40 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
35% more capital invested
Capital invested by funds: $270M → $365M (+$95.2M)
7% more funds holding
Funds holding: 104 → 111 (+7)
1.01% more ownership
Funds ownership: 40.22% → 41.23% (+1%)
13% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$3.47M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.43M |
| 3 |
BlackRock
New York
|
+$2.14M |
| 4 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$1.72M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$5.87M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.04M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$904K |
| 4 |
Morgan Stanley
New York
|
-$848K |
| 5 |
JIC
Johnson Investment Counsel
Cincinnati,
Ohio
|
-$768K |
CNXN Hedge Fund Activity: Q2 2018 in Review
111 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q2 2018, worth a combined $365M — up 35% from $270M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new CNXN positions and 6 closed out — a net gain of 7 holders — while 35 added to existing stakes and 40 trimmed.
The largest buyer was AJO LP, opening a new position worth an estimated $3.47M. The largest seller was Royce & Associates, cutting an estimated $5.87M.
- 111 institutional investors held PC Connection (CNXN) as of Q2 2018, up from 104 in Q1 2018.
- Funds reported $365M of PC Connection stock for Q2 2018, up 35% quarter-over-quarter.
- 13 funds opened new PC Connection positions in Q2 2018 and 6 closed out, a net change of +7 holders.
- The largest PC Connection buyer in Q2 2018 was AJO LP, an estimated $3.47M added.
- The largest PC Connection seller in Q2 2018 was Royce & Associates, an estimated $5.87M sold.
Based on aggregated 13F filings for Q2 2018.