PC Connection
CNXN
132 hedge funds and large institutions have $398M invested in PC Connection in 2019 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 50 increasing their positions, 44 reducing their positions, and 9 closing their positions.
122% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 9
22% more capital invested
Capital invested by funds: $326M → $398M (+$72M)
14% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 44
9% more funds holding
Funds holding: 121 → 132 (+11)
0.11% more ownership
Funds ownership: 41.03% → 41.14% (+0.11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$4.09M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.51M |
| 3 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
+$1.86M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.72M |
| 5 |
Axa
Paris,
France
|
+$1.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$9.75M |
| 2 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$3.06M |
| 3 |
BlackRock
New York
|
-$2.91M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.76M |
| 5 |
State Street
Boston,
Massachusetts
|
-$2.29M |
CNXN Hedge Fund Activity: Q1 2019 in Review
132 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q1 2019, worth a combined $398M — up 22% from $326M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CNXN positions and 9 closed out — a net gain of 11 holders — while 50 added to existing stakes and 44 trimmed.
The largest buyer was Grantham, Mayo, Van Otterloo & Co (GMO), adding an estimated $4.09M. The largest seller was Royce & Associates, cutting an estimated $9.75M.
- 132 institutional investors held PC Connection (CNXN) as of Q1 2019, up from 121 in Q4 2018.
- Funds reported $398M of PC Connection stock for Q1 2019, up 22% quarter-over-quarter.
- 20 funds opened new PC Connection positions in Q1 2019 and 9 closed out, a net change of +11 holders.
- The largest PC Connection buyer in Q1 2019 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $4.09M added.
- The largest PC Connection seller in Q1 2019 was Royce & Associates, an estimated $9.75M sold.
Based on aggregated 13F filings for Q1 2019.