Steel Connect, Inc. Common Stock
STCN
STCN was delisted on the 2nd of January, 2025.
21 hedge funds and large institutions have $11M invested in Steel Connect, Inc. Common Stock in 2024 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
5% more funds holding
Funds holding: 20 → 21 (+1)
76% less capital invested
Capital invested by funds: $45.9M → $11M (-$34.9M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$267K |
| 2 |
OBAM
ODDO BHF Asset Management
Paris,
France
|
+$249K |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$206K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$189K |
| 5 |
DAM
Deltec Asset Management
New York
|
+$127K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cowen Investment Management
New York
|
-$199K |
| 2 |
FMWA
Forvis Mazars Wealth Advisors
Springfield,
Missouri
|
-$159K |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$136K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$106K |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
-$76.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Lazard Asset Management
New York
| – | -$1K | -106 | Closed |
|
STCN Hedge Fund Activity: Q4 2024 in Review
21 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Steel Connect, Inc. Common Stock (STCN) for Q4 2024, worth a combined $11M — down 76% from $45.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new STCN positions and 4 closed out — a net gain of 2 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $267K. The largest seller was Cowen Investment Management, exiting entirely with an estimated $199K sold.
- 21 institutional investors held Steel Connect, Inc. Common Stock (STCN) as of Q4 2024, up from 20 in Q3 2024.
- Funds reported $11M of Steel Connect, Inc. Common Stock stock for Q4 2024, down 76% quarter-over-quarter.
- 6 funds opened new Steel Connect, Inc. Common Stock positions in Q4 2024 and 4 closed out, a net change of +2 holders.
- The largest Steel Connect, Inc. Common Stock buyer in Q4 2024 was Citadel Advisors, an estimated $267K added.
- The largest Steel Connect, Inc. Common Stock seller in Q4 2024 was Cowen Investment Management, an estimated $199K sold.
Based on aggregated 13F filings for Q4 2024.