CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
290 hedge funds and large institutions have $4.83B invested in CIT Group Inc. in 2021 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 75 increasing their positions, 111 reducing their positions, and 41 closing their positions.
44% more capital invested
Capital invested by funds: $3.36B → $4.83B (+$1.46B)
30% more funds holding in top 10
Funds holding in top 10: 10 → 13 (+3)
29% more call options, than puts
Call options by funds: $10.4M | Put options by funds: $8.04M
20% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 41
2% more funds holding
Funds holding: 284 → 290 (+6)
32% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 111
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$61.9M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
+$53.4M |
| 3 |
Brown Advisory
Baltimore,
Maryland
|
+$47.8M |
| 4 |
JCM
Junto Capital Management
New York
|
+$40M |
| 5 |
BlackRock
New York
|
+$34.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$86.1M |
| 2 |
LCM
Lakewood Capital Management
New York
|
-$55.2M |
| 3 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$46M |
| 4 |
AG
Arctis Global
San Juan,
Puerto Rico
|
-$26.3M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$23.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BWA
326
Burt Wealth Advisors
North Bethesda,
Maryland
| – | -$2K | -43 | Closed |
|
|
IA
327
Inspire Advisors
Meridian,
Idaho
| – | -$2K | -42 | Closed |
|
328
Simplex Trading
Chicago,
Illinois
| – | -$1.79K | -40 | Closed |
|
329
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
| – | -$1K | -29 | Closed |
|
|
RPWA
330
Regent Peak Wealth Advisors
Atlanta,
Georgia
| – | -$1K | -17 | Closed |
|
|
PFGIA
331
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | +$134 | +3 | New |
|
CIT Hedge Fund Activity: Q1 2021 in Review
290 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q1 2021, worth a combined $4.83B — up 44% from $3.36B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CIT positions and 41 closed out — a net gain of 8 holders — while 75 added to existing stakes and 111 trimmed.
The largest buyer was Harris Associates, opening a new position worth an estimated $61.9M. The largest seller was Wellington Management Group, cutting an estimated $86.1M.
- 290 institutional investors held CIT Group Inc. (CIT) as of Q1 2021, up from 284 in Q4 2020.
- Funds reported $4.83B of CIT Group Inc. stock for Q1 2021, up 44% quarter-over-quarter.
- 49 funds opened new CIT Group Inc. positions in Q1 2021 and 41 closed out, a net change of +8 holders.
- The largest CIT Group Inc. buyer in Q1 2021 was Harris Associates, an estimated $61.9M added.
- The largest CIT Group Inc. seller in Q1 2021 was Wellington Management Group, an estimated $86.1M sold.
Based on aggregated 13F filings for Q1 2021.