CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
326 hedge funds and large institutions have $8.63B invested in CIT Group Inc. in 2016 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 112 increasing their positions, 111 reducing their positions, and 40 closing their positions.
50% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 40
36% more call options, than puts
Call options by funds: $360M | Put options by funds: $264M
25% more funds holding in top 10
Funds holding in top 10: 16 → 20 (+4)
19% more capital invested
Capital invested by funds: $7.26B → $8.63B (+$1.37B)
3% more funds holding
Funds holding: 315 → 326 (+11)
1% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 111
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$182M |
| 2 |
HCM
Highline Capital Management
New York
|
+$84.3M |
| 3 |
TCP
Tourbillon Capital Partners
New York
|
+$61.6M |
| 4 |
Millennium Management
New York
|
+$61.5M |
| 5 |
State Street
Boston,
Massachusetts
|
+$61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$212M |
| 2 |
SSM
Sound Shore Management
Greenwich,
Connecticut
|
-$168M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$162M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$97.3M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$48.9M |
CIT Hedge Fund Activity: Q4 2016 in Review
326 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q4 2016, worth a combined $8.63B — up 19% from $7.26B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new CIT positions and 40 closed out — a net gain of 20 holders — while 112 added to existing stakes and 111 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $182M. The largest seller was Morgan Stanley, cutting an estimated $212M.
- 326 institutional investors held CIT Group Inc. (CIT) as of Q4 2016, up from 315 in Q3 2016.
- Funds reported $8.63B of CIT Group Inc. stock for Q4 2016, up 19% quarter-over-quarter.
- 60 funds opened new CIT Group Inc. positions in Q4 2016 and 40 closed out, a net change of +20 holders.
- The largest CIT Group Inc. buyer in Q4 2016 was Fidelity Investments, an estimated $182M added.
- The largest CIT Group Inc. seller in Q4 2016 was Morgan Stanley, an estimated $212M sold.
Based on aggregated 13F filings for Q4 2016.