Conn's Inc.
CONN
CONN was delisted on the 5th of August, 2024.
82 hedge funds and large institutions have $170M invested in Conn's Inc. in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 31 reducing their positions, and 21 closing their positions.
9% more call options, than puts
Call options by funds: $4.29M | Put options by funds: $3.92M
6% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 31
18% less funds holding
Funds holding: 100 → 82 (-18)
23% less capital invested
Capital invested by funds: $220M → $170M (-$50.2M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
57% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$28.5M |
| 2 |
BlackRock
New York
|
+$14.1M |
| 3 |
RA
Royce & Associates
New York
|
+$2.17M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$1.78M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$1.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.64M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$3.65M |
| 3 |
D.E. Shaw & Co
New York
|
-$2.51M |
| 4 |
LCG
Luxor Capital Group
New York
|
-$1.67M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.62M |
CONN Hedge Fund Activity: Q1 2017 in Review
82 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Conn's Inc. (CONN) for Q1 2017, worth a combined $170M — down 23% from $220M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of CONN and 9 opened new positions — a net loss of 12 holders — while 31 trimmed existing stakes and 29 added.
The largest buyer was PAR Capital Management, opening a new position worth an estimated $28.5M. The largest seller was Morgan Stanley, cutting an estimated $4.64M.
- 82 institutional investors held Conn's Inc. (CONN) as of Q1 2017, down from 100 in Q4 2016.
- Funds reported $170M of Conn's Inc. stock for Q1 2017, down 23% quarter-over-quarter.
- 9 funds opened new Conn's Inc. positions in Q1 2017 and 21 closed out, a net change of -12 holders.
- The largest Conn's Inc. buyer in Q1 2017 was PAR Capital Management, an estimated $28.5M added.
- The largest Conn's Inc. seller in Q1 2017 was Morgan Stanley, an estimated $4.64M sold.
Based on aggregated 13F filings for Q1 2017.