Fifth Third Bancorp Depositary Shares (FITBI)

• Sector: Financials
• Industry: State Commercial Banks

About: Fifth Third Bancorp is a diversified financial-services company headquartered in Cincinnati. The company has over $200 billion in assets and operates numerous full-service banking branches and ATMs throughout Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.

Employees: 18,657

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

33% more funds holding

Funds holding: 3 [Q4 2023] → 4 (+1) [Q1 2024]

1.1% less ownership

Funds ownership: 1.12% [Q4 2023] → 0.02% (-1.1%) [Q1 2024]

98% less capital invested

Capital invested by funds: $5.21M [Q4 2023] → $101K (-$5.11M) [Q1 2024]

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 1