PCM
CIT

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

Palestra 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
2021
Q3 		– Sell
-2,777,569
Closed -$143M – 44
2021
Q2 		$143M Sell
2,777,569
-481,935
-15% -$25.3M 3.09% 17
2021
Q1 		$168M Sell
3,259,504
-368,355
-10% -$16.5M 3.52% 15
2020
Q4 		$130M Buy
+3,627,859
New +$114M 2.56% 22

Other funds holding CIT

BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
UOC
UBS O'Connor Chicago, Illinois $3.38B AUM 63.08% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
ACM
Alua Capital Management New York $1.13B AUM 8.41% 1-Year Est. Return
Lord, Abbett & Co
Lord, Abbett & Co Jersey City, New Jersey $30.6B AUM 57.44% 1-Year Est. Return
ECU
Egerton Capital (UK) London, United Kingdom $10.4B AUM 25.66% 1-Year Est. Return
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management San Mateo, California $29.7B AUM 43.33% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management Los Angeles, California $32.4B AUM 17.21% 1-Year Est. Return

Palestra Capital Management's CIT Position: Q3 2021 in Review

Palestra Capital Management sold out of CIT Group Inc. (CIT) in Q3 2021, closing a stake of 2,777,569 shares — an estimated $143M sold.

Palestra Capital Management first reported a position in CIT in Q4 2020 and held it in 3 quarters. The position peaked at $168M in Q1 2021. 290 funds tracked by Wall St. Rank hold CIT as of Q3 2021.

  • Palestra Capital Management reported no remaining CIT Group Inc. position as of Q3 2021 after selling out during the quarter.
  • Palestra Capital Management sold 2,777,569 CIT Group Inc. shares in Q3 2021, an estimated $143M.
  • Palestra Capital Management first reported a position in CIT Group Inc. in Q4 2020 and held it in 3 quarters.
  • Palestra Capital Management's CIT Group Inc. position peaked at $168M in Q1 2021.
  • 290 funds tracked by Wall St. Rank held CIT Group Inc. as of Q3 2021.

Based on Palestra Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.