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PC Connection
CNXN

123 hedge funds and large institutions have $596M invested in PC Connection in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 45 increasing their positions, 49 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more capital invested

Capital invested by funds: $494M → $596M (+$102M)

0.74% more ownership

Funds ownership: 41.74% → 42.48% (+0.74%)

8% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 49

3% less funds holding

Funds holding: 127 → 123 (-4)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

Holders
123
Holders Change
-4
Holders Change %
-3.15%
% of All Funds
1.95%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
8
Increased
45
Reduced
49
Closed
11
Calls
$352K
Puts
–
Net Calls
+$352K
Net Calls Change
+$370K

Top Buyers

Rank Fund Capital Flow
1
Pacer Advisors
Pacer Advisors
Pennsylvania
+$11.7M
2
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
+$2.86M
3
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$2.79M
4
Millennium Management
Millennium Management
New York
+$2.36M
5
Brown Advisory
Brown Advisory
Maryland
+$2.21M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$4.33M
2
BlackRock
BlackRock
New York
-$3.5M
3
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
-$2.27M
4
Goldman Sachs
Goldman Sachs
New York
-$1.25M
5
Citadel Advisors
Citadel Advisors
Florida
-$1.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$127M -$3.5M -68,896 -3%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$102M +$1.33M +26,225 +1%
Mawer Investment Management
3
Mawer Investment Management
Alberta, Canada
$75.2M -$2.27M -44,682 -3%
Vanguard Group
4
Vanguard Group
Pennsylvania
$53.3M -$527K -10,386 -1%
State Street
5
State Street
Massachusetts
$24.7M +$1.34M +26,422 +6%
Pacer Advisors
6
Pacer Advisors
Pennsylvania
$21.8M +$11.7M +231,162 +131%
Brown Advisory
7
Brown Advisory
Maryland
$21M +$2.21M +43,578 +12%
Northern Trust
8
Northern Trust
Illinois
$20.2M +$7.06K +139 +0%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$14.9M +$1.37M +26,952 +11%
Charles Schwab
10
Charles Schwab
California
$12.2M +$342K +6,743 +3%
Invesco
11
Invesco
Georgia
$8.43M -$4.33M -85,335 -35%
RA
12
Royce & Associates
New York
$7.96M +$340K +6,689 +5%
Goldman Sachs
13
Goldman Sachs
New York
$7.09M -$1.25M -24,651 -16%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$6.51M +$7.97K +157 +0.1%
AQR Capital Management
15
AQR Capital Management
Connecticut
$5.94M +$339K +6,677 +6%
Hotchkis & Wiley Capital Management
16
Hotchkis & Wiley Capital Management
California
$5.75M +$2.79M +54,950 +104%
Allspring Global Investments
17
Allspring Global Investments
North Carolina
$5.75M +$35.9K +708 +0.7%
Morgan Stanley
18
Morgan Stanley
New York
$5.49M +$214K +4,210 +4%
RhumbLine Advisers
19
RhumbLine Advisers
Massachusetts
$4.99M +$2.86M +56,310 +151%
DA
20
Denali Advisors
California
$4.43M -$234K -4,612 -5%
Principal Financial Group
21
Principal Financial Group
Iowa
$3.26M -$170K -3,341 -5%
Millennium Management
22
Millennium Management
New York
$3.16M +$2.36M +46,414 +361%
N
23
Nuveen
North Carolina
$3.12M -$436K -8,577 -13%
Ameriprise
24
Ameriprise
Minnesota
$2.68M +$204K +4,024 +9%
Los Angeles Capital Management
25
Los Angeles Capital Management
California
$2.24M -$110K -2,174 -5%
1
2 3 4 5

CNXN Hedge Fund Activity: Q3 2023 in Review

123 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q3 2023, worth a combined $596M — up 21% from $494M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of CNXN and 8 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 45 added.

The largest buyer was Pacer Advisors, adding an estimated $11.7M. The largest seller was Invesco, cutting an estimated $4.33M.

  • 123 institutional investors held PC Connection (CNXN) as of Q3 2023, down from 127 in Q2 2023.
  • Funds reported $596M of PC Connection stock for Q3 2023, up 21% quarter-over-quarter.
  • 8 funds opened new PC Connection positions in Q3 2023 and 11 closed out, a net change of -3 holders.
  • The largest PC Connection buyer in Q3 2023 was Pacer Advisors, an estimated $11.7M added.
  • The largest PC Connection seller in Q3 2023 was Invesco, an estimated $4.33M sold.

Based on aggregated 13F filings for Q3 2023.