Steel Connect, Inc. Common Stock
STCN
STCN was delisted on the 2nd of January, 2025.
20 hedge funds and large institutions have $24.2M invested in Steel Connect, Inc. Common Stock in 2023 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 16 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
23% less capital invested
Capital invested by funds: $31.5M → $24.2M (-$7.28M)
43% less funds holding
Funds holding: 35 → 20 (-15)
94% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$275K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$191K |
| 3 |
GF
Gabelli Funds
Rye,
New York
|
+$93.2K |
| 4 |
BAM
Byrne Asset Management
Kingston,
New Jersey
|
+$20.9K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$12.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$677K |
| 2 |
FMWA
Forvis Mazars Wealth Advisors
Springfield,
Missouri
|
-$172K |
| 3 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
-$103K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$93.3K |
| 5 |
Millennium Management
New York
|
-$54K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Truist Financial
Charlotte,
North Carolina
| – | -$48K | -4,512 | Closed |
|
27
Charles Schwab
San Francisco,
California
| – | -$33K | -3,097 | Closed |
|
|
YCM
28
Yakira Capital Management
Westport,
Connecticut
| – | -$32.8K | -3,080 | Closed |
|
29
Citadel Advisors
Miami,
Florida
| – | -$26.1K | -2,458 | Closed |
|
|
VF
30
Virtu Financial
New York
| – | -$15K | -1,428 | Closed |
|
31
Goldman Sachs
New York
| – | -$14.6K | -1,374 | Closed |
|
|
SRC
32
Shufro Rose & Co
New York
| – | -$11.4K | -1,071 | Closed |
|
33
Osaic Holdings
Scottsdale,
Arizona
| – | -$376 | -35 | Closed |
|
|
DWA
34
Delos Wealth Advisors
Dallas,
Texas
| – | -$342 | -32 | Closed |
|
35
Morgan Stanley
New York
| – | -$342 | -32 | Closed |
|
|
TAM
36
Tucker Asset Management
Littleton,
Colorado
| – | -$114 | -11 | Closed |
|
STCN Hedge Fund Activity: Q2 2023 in Review
20 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Steel Connect, Inc. Common Stock (STCN) for Q2 2023, worth a combined $24.2M — down 23% from $31.5M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of STCN and 1 opened new positions — a net loss of 15 holders — while 6 trimmed existing stakes and 9 added.
The largest buyer was GAMCO Investors, adding an estimated $275K. The largest seller was Vanguard Group, cutting an estimated $677K.
- 20 institutional investors held Steel Connect, Inc. Common Stock (STCN) as of Q2 2023, down from 35 in Q1 2023.
- Funds reported $24.2M of Steel Connect, Inc. Common Stock stock for Q2 2023, down 23% quarter-over-quarter.
- 1 fund opened new Steel Connect, Inc. Common Stock positions in Q2 2023 and 16 closed out, a net change of -15 holders.
- The largest Steel Connect, Inc. Common Stock buyer in Q2 2023 was GAMCO Investors, an estimated $275K added.
- The largest Steel Connect, Inc. Common Stock seller in Q2 2023 was Vanguard Group, an estimated $677K sold.
Based on aggregated 13F filings for Q2 2023.