Sound Shore Management’s CIT Group Inc. CIT Stock Holding History

Sound Shore 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
2016 Q4	–	Sell	-4,631,334	Closed	-$168M	–	41
2016 Q3	$168M	Sell	4,631,334 -13,069	-0.3%	-$456K	3%	11
2016 Q2	$148M	Sell	4,644,403 -684,564	-13%	-$22.2M	2.72%	13
2016 Q1	$165M	Buy	5,328,967 +781,832	+17%	+$24.6M	3.01%	7
2015 Q4	$181M	Sell	4,547,135 -57,483	-1%	-$2.41M	3.28%	3
2015 Q3	$184M	Buy	4,604,618 +294,239	+7%	+$13.2M	3.47%	1
2015 Q2	$200M	Buy	4,310,379 +319,580	+8%	+$14.9M	3.23%	5
2015 Q1	$180M	Buy	3,990,799 +238,007	+6%	+$10.8M	2.88%	14
2014 Q4	$179M	Sell	3,752,792 -3,617	-0.1%	-$172K	2.82%	10
2014 Q3	$173M	Buy	3,756,409 +289,362	+8%	+$13.7M	2.78%	11
2014 Q2	$159M	Buy	3,467,047 +590,515	+21%	+$26.6M	2.57%	18
2014 Q1	$141M	Sell	2,876,532 -41,437	-1%	-$2.02M	2.43%	18
2013 Q4	$152M	Sell	2,917,969 -39,303	-1%	-$1.95M	2.56%	12
2013 Q3	$144M	Buy	2,957,272 +2,030,457	+219%	+$99.7M	2.68%	7
2013 Q2	$43.2M	Buy	+926,815	New	+$41M	0.84%	42

Other funds holding CIT

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return

FPA

First Pacific Advisors El Segundo, California $8.09B AUM 21.95% 1-Year Est. Return

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

JIAI

JCF III AIV I New York $299M AUM 7.51% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Sound Shore Management's CIT Position: Q4 2016 in Review

Sound Shore Management sold out of CIT Group Inc. (CIT) in Q4 2016, closing a stake of 4,631,334 shares — an estimated $168M sold.

Sound Shore Management first reported a position in CIT in Q2 2013 and held it in 14 quarters. The position peaked at $200M in Q2 2015. 326 funds tracked by Wall St. Rank hold CIT as of Q4 2016.

Sound Shore Management reported no remaining CIT Group Inc. position as of Q4 2016 after selling out during the quarter.
Sound Shore Management sold 4,631,334 CIT Group Inc. shares in Q4 2016, an estimated $168M.
Sound Shore Management first reported a position in CIT Group Inc. in Q2 2013 and held it in 14 quarters.
Sound Shore Management's CIT Group Inc. position peaked at $200M in Q2 2015.
326 funds tracked by Wall St. Rank held CIT Group Inc. as of Q4 2016.

Based on Sound Shore Management's 13F filing for Q4 2016, filed 10 Feb 2017.