PC Connection
CNXN
139 hedge funds and large institutions have $768M invested in PC Connection in 2023 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 36 increasing their positions, 55 reducing their positions, and 4 closing their positions.
8,529% more call options, than puts
Call options by funds: $604K | Put options by funds: $7K
400% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 4
29% more capital invested
Capital invested by funds: $596M → $768M (+$172M)
13% more funds holding
Funds holding: 123 → 139 (+16)
1.01% more ownership
Funds ownership: 42.48% → 43.49% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
35% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$15.7M |
| 2 |
Morgan Stanley
New York
|
+$9.17M |
| 3 |
BlackRock
New York
|
+$6.38M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$5.65M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$2.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
-$13M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$8.23M |
| 3 |
Goldman Sachs
New York
|
-$3.48M |
| 4 |
Millennium Management
New York
|
-$2.56M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.19M |
CNXN Hedge Fund Activity: Q4 2023 in Review
139 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in PC Connection (CNXN) for Q4 2023, worth a combined $768M — up 29% from $596M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CNXN positions and 4 closed out — a net gain of 16 holders — while 36 added to existing stakes and 55 trimmed.
The largest buyer was Pacer Advisors, adding an estimated $15.7M. The largest seller was Mawer Investment Management, cutting an estimated $13M.
- 139 institutional investors held PC Connection (CNXN) as of Q4 2023, up from 123 in Q3 2023.
- Funds reported $768M of PC Connection stock for Q4 2023, up 29% quarter-over-quarter.
- 20 funds opened new PC Connection positions in Q4 2023 and 4 closed out, a net change of +16 holders.
- The largest PC Connection buyer in Q4 2023 was Pacer Advisors, an estimated $15.7M added.
- The largest PC Connection seller in Q4 2023 was Mawer Investment Management, an estimated $13M sold.
Based on aggregated 13F filings for Q4 2023.