PC Connection
CNXN
144 hedge funds and large institutions have $472M invested in PC Connection in 2020 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 47 increasing their positions, 46 reducing their positions, and 31 closing their positions.
2.32% more ownership
Funds ownership: 41.19% → 43.51% (+2.3%)
2% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 46
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 31
1% less funds holding
Funds holding: 146 → 144 (-2)
12% less capital invested
Capital invested by funds: $538M → $472M (-$66M)
36% less call options, than puts
Call options by funds: $3.47M | Put options by funds: $5.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$37.2M |
| 2 |
State Street
Boston,
Massachusetts
|
+$6.61M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.57M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
+$4.9M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$3.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
-$9.34M |
| 2 |
GIPM
G2 Investment Partners Management
New York
|
-$6.32M |
| 3 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
-$5.71M |
| 4 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$5.17M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$2.69M |
CNXN Hedge Fund Activity: Q1 2020 in Review
144 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q1 2020, worth a combined $472M — down 12% from $538M a quarter earlier.
Fund positioning in CNXN was balanced in Q1 2020: 31 funds opened new positions, 31 closed out, 47 added to existing stakes and 46 trimmed.
The largest buyer was BlackRock, adding an estimated $37.2M. The largest seller was Fenimore Asset Management, exiting entirely with an estimated $9.34M sold.
- 144 institutional investors held PC Connection (CNXN) as of Q1 2020, down from 146 in Q4 2019.
- Funds reported $472M of PC Connection stock for Q1 2020, down 12% quarter-over-quarter.
- 31 funds opened new PC Connection positions in Q1 2020 and 31 closed out, a net change of 0 holders.
- The largest PC Connection buyer in Q1 2020 was BlackRock, an estimated $37.2M added.
- The largest PC Connection seller in Q1 2020 was Fenimore Asset Management, an estimated $9.34M sold.
Based on aggregated 13F filings for Q1 2020.