CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
307 hedge funds and large institutions have $3.95B invested in CIT Group Inc. in 2018 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 79 increasing their positions, 138 reducing their positions, and 52 closing their positions.
58% more call options, than puts
Call options by funds: $31.2M | Put options by funds: $19.8M
3% less funds holding
Funds holding: 317 → 307 (-10)
17% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 52
33% less capital invested
Capital invested by funds: $5.87B → $3.95B (-$1.93B)
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
43% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 138
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMVA
New Mountain Vantage Advisers
New York
|
+$75M |
| 2 |
LCM
Lakewood Capital Management
New York
|
+$55.1M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$32M |
| 4 |
Renaissance Technologies
New York
|
+$24.4M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$24.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$158M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$127M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$92.6M |
| 4 |
OCAM
Owl Creek Asset Management
New York
|
-$77.6M |
| 5 |
Millennium Management
New York
|
-$52.4M |
CIT Hedge Fund Activity: Q4 2018 in Review
307 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q4 2018, worth a combined $3.95B — down 33% from $5.87B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of CIT and 43 opened new positions — a net loss of 9 holders — while 138 trimmed existing stakes and 79 added.
The largest buyer was New Mountain Vantage Advisers, adding an estimated $75M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $158M sold.
- 307 institutional investors held CIT Group Inc. (CIT) as of Q4 2018, down from 317 in Q3 2018.
- Funds reported $3.95B of CIT Group Inc. stock for Q4 2018, down 33% quarter-over-quarter.
- 43 funds opened new CIT Group Inc. positions in Q4 2018 and 52 closed out, a net change of -9 holders.
- The largest CIT Group Inc. buyer in Q4 2018 was New Mountain Vantage Advisers, an estimated $75M added.
- The largest CIT Group Inc. seller in Q4 2018 was Capital Research Global Investors, an estimated $158M sold.
Based on aggregated 13F filings for Q4 2018.