Steel Connect, Inc. Common Stock
STCN
STCN was delisted on the 2nd of January, 2025.
18 hedge funds and large institutions have $48.7M invested in Steel Connect, Inc. Common Stock in 2024 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 4 closing their positions.
56% more capital invested
Capital invested by funds: $31.3M → $48.7M (+$17.4M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
14% less funds holding
Funds holding: 21 → 18 (-3)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPH
Steel Partners Holdings
New York
|
+$12M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$60K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.91K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$951 |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$34 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WANY
Wealthspire Advisors (New York)
New York
|
-$2.99M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$1.54M |
| 3 |
GF
Gabelli Funds
Rye,
New York
|
-$1.08M |
| 4 |
STA
Summit Trail Advisors
New York
|
-$99.4K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$10.3K |
STCN Hedge Fund Activity: Q2 2024 in Review
18 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Steel Connect, Inc. Common Stock (STCN) for Q2 2024, worth a combined $48.7M — up 56% from $31.3M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of STCN and 1 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 4 added.
The largest buyer was Steel Partners Holdings, adding an estimated $12M. The largest seller was Wealthspire Advisors (New York), exiting entirely with an estimated $2.99M sold.
- 18 institutional investors held Steel Connect, Inc. Common Stock (STCN) as of Q2 2024, down from 21 in Q1 2024.
- Funds reported $48.7M of Steel Connect, Inc. Common Stock stock for Q2 2024, up 56% quarter-over-quarter.
- 1 fund opened new Steel Connect, Inc. Common Stock positions in Q2 2024 and 4 closed out, a net change of -3 holders.
- The largest Steel Connect, Inc. Common Stock buyer in Q2 2024 was Steel Partners Holdings, an estimated $12M added.
- The largest Steel Connect, Inc. Common Stock seller in Q2 2024 was Wealthspire Advisors (New York), an estimated $2.99M sold.
Based on aggregated 13F filings for Q2 2024.