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 9 funds opening new positions, 45 increasing their positions, 48 reducing their positions, and 11 closing their positions.
21% more capital invested
Capital invested by funds: $494M → $596M (+$102M)
0.81% more ownership
Funds ownership: 41.67% → 42.48% (+0.81%)
6% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 48
2% less funds holding
Funds holding: 126 → 123 (-3)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$11.7M |
| 2 |
RhumbLine Advisers
Boston,
Massachusetts
|
+$2.86M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$2.79M |
| 4 |
Millennium Management
New York
|
+$2.36M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$4.33M |
| 2 |
BlackRock
New York
|
-$3.5M |
| 3 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$2.27M |
| 4 |
Goldman Sachs
New York
|
-$1.25M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$1.21M |
CNXN Hedge Fund Activity: Q3 2023 in Review
123 of the 6,310 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 9 opened new positions — a net loss of 2 holders — while 48 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 126 in Q2 2023.
- Funds reported $596M of PC Connection stock for Q3 2023, up 21% quarter-over-quarter.
- 9 funds opened new PC Connection positions in Q3 2023 and 11 closed out, a net change of -2 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.