KCM
CIT

Kingstown Capital Management’s CIT Group Inc. CIT Stock Holding History

Kingstown Capital Management’s Portfolio CIT Stock Details CIT Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2017
Q2 		– Sell
-1,750,000
Closed -$75.1M – 24
2017
Q1 		$75.1M Sell
1,750,000
-100,000
-5% -$4.23M 7.8% 3
2016
Q4 		$79M Buy
1,850,000
+100,000
+6% +$3.94M 7.74% 3
2016
Q3 		$63.5M Sell
1,750,000
-400,000
-19% -$14M 7.08% 5
2016
Q2 		$68.6M Buy
2,150,000
+150,000
+8% +$4.87M 7.78% 4
2016
Q1 		$62.1M Buy
+2,000,000
New +$63M 6.7% 4

Other funds holding CIT

Capital Research Global Investors
Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
FPA
First Pacific Advisors El Segundo, California $7.14B AUM 21.51% 1-Year Est. Return
Franklin Resources
Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return
Capital World Investors
Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
NIMC
NWQ Investment Management Company Los Angeles, California $2.22B AUM 6.84% 1-Year Est. Return
LCM
Lakewood Capital Management New York $1.58B AUM 0.92% 1-Year Est. Return

Kingstown Capital Management's CIT Position: Q2 2017 in Review

Kingstown Capital Management sold out of CIT Group Inc. (CIT) in Q2 2017, closing a stake of 1,750,000 shares — an estimated $75.1M sold.

Kingstown Capital Management first reported a position in CIT in Q1 2016 and held it in 5 quarters. The position peaked at $79M in Q4 2016. 279 funds tracked by Wall St. Rank hold CIT as of Q2 2017.

  • Kingstown Capital Management reported no remaining CIT Group Inc. position as of Q2 2017 after selling out during the quarter.
  • Kingstown Capital Management sold 1,750,000 CIT Group Inc. shares in Q2 2017, an estimated $75.1M.
  • Kingstown Capital Management first reported a position in CIT Group Inc. in Q1 2016 and held it in 5 quarters.
  • Kingstown Capital Management's CIT Group Inc. position peaked at $79M in Q4 2016.
  • 279 funds tracked by Wall St. Rank held CIT Group Inc. as of Q2 2017.

Based on Kingstown Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.