Steel Connect, Inc. Common Stock
STCN
STCN was delisted on the 2nd of January, 2025.
45 hedge funds and large institutions have $38.1M invested in Steel Connect, Inc. Common Stock in 2022 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 2 closing their positions.
550% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 2
29% more funds holding
Funds holding: 35 → 45 (+10)
6% more capital invested
Capital invested by funds: $36.1M → $38.1M (+$1.99M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$230K |
| 2 |
FMWA
Forvis Mazars Wealth Advisors
Springfield,
Missouri
|
+$169K |
| 3 |
DC
Diametric Capital
Boston,
Massachusetts
|
+$154K |
| 4 |
DC
Defender Capital
Charlotte,
North Carolina
|
+$150K |
| 5 |
E
Ergoteles
New York
|
+$127K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$191K |
| 2 |
Renaissance Technologies
New York
|
-$95.3K |
| 3 |
State Street
Boston,
Massachusetts
|
-$88.9K |
| 4 |
Jane Street
New York
|
-$24K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$13.1K |
STCN Hedge Fund Activity: Q2 2022 in Review
45 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Steel Connect, Inc. Common Stock (STCN) for Q2 2022, worth a combined $38.1M — up 5.5% from $36.1M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new STCN positions and 2 closed out — a net gain of 11 holders — while 5 added to existing stakes and 10 trimmed.
The largest buyer was PenderFund Capital Management, opening a new position worth an estimated $230K. The largest seller was Bridgeway Capital Management, cutting an estimated $191K.
- 45 institutional investors held Steel Connect, Inc. Common Stock (STCN) as of Q2 2022, up from 35 in Q1 2022.
- Funds reported $38.1M of Steel Connect, Inc. Common Stock stock for Q2 2022, up 5.5% quarter-over-quarter.
- 13 funds opened new Steel Connect, Inc. Common Stock positions in Q2 2022 and 2 closed out, a net change of +11 holders.
- The largest Steel Connect, Inc. Common Stock buyer in Q2 2022 was PenderFund Capital Management, an estimated $230K added.
- The largest Steel Connect, Inc. Common Stock seller in Q2 2022 was Bridgeway Capital Management, an estimated $191K sold.
Based on aggregated 13F filings for Q2 2022.