Conn's Inc.
CONN
CONN was delisted on the 5th of August, 2024.
130 hedge funds and large institutions have $295M invested in Conn's Inc. in 2021 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 29 increasing their positions, 54 reducing their positions, and 17 closing their positions.
65% more capital invested
Capital invested by funds: $179M → $295M (+$116M)
40% more call options, than puts
Call options by funds: $5.21M | Put options by funds: $3.71M
6% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 17
1% more funds holding
Funds holding: 129 → 130 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.47% less ownership
Funds ownership: 52.42% → 51.96% (-0.47%)
46% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$6.7M |
| 2 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$3.27M |
| 3 |
BlackRock
New York
|
+$2.49M |
| 4 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$2.19M |
| 5 |
D.E. Shaw & Co
New York
|
+$1.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCPM
Cooper Creek Partners Management
New York
|
-$6.96M |
| 2 |
State Street
Boston,
Massachusetts
|
-$3.5M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$3.17M |
| 4 |
Morgan Stanley
New York
|
-$2.64M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.81M |
CONN Hedge Fund Activity: Q1 2021 in Review
130 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Conn's Inc. (CONN) for Q1 2021, worth a combined $295M — up 65% from $179M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new CONN positions and 17 closed out — a net gain of 1 holder — while 29 added to existing stakes and 54 trimmed.
The largest buyer was Intrinsic Edge Capital Management, opening a new position worth an estimated $6.7M. The largest seller was Cooper Creek Partners Management, cutting an estimated $6.96M.
- 130 institutional investors held Conn's Inc. (CONN) as of Q1 2021, up from 129 in Q4 2020.
- Funds reported $295M of Conn's Inc. stock for Q1 2021, up 65% quarter-over-quarter.
- 18 funds opened new Conn's Inc. positions in Q1 2021 and 17 closed out, a net change of +1 holder.
- The largest Conn's Inc. buyer in Q1 2021 was Intrinsic Edge Capital Management, an estimated $6.7M added.
- The largest Conn's Inc. seller in Q1 2021 was Cooper Creek Partners Management, an estimated $6.96M sold.
Based on aggregated 13F filings for Q1 2021.