CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
332 hedge funds and large institutions have $8.75B invested in CIT Group Inc. in 2017 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 103 increasing their positions, 112 reducing their positions, and 44 closing their positions.
65% more call options, than puts
Call options by funds: $363M | Put options by funds: $219M
36% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 44
2% more funds holding
Funds holding: 326 → 332 (+6)
1% more capital invested
Capital invested by funds: $8.63B → $8.75B (+$122M)
8% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 112
5% less funds holding in top 10
Funds holding in top 10: 20 → 19 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$410M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$162M |
| 3 |
LCM
Lakewood Capital Management
New York
|
+$118M |
| 4 |
TCP
Tourbillon Capital Partners
New York
|
+$116M |
| 5 |
SHCM
Sachem Head Capital Management
New York
|
+$68.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
-$85.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$56.6M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$52.5M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
-$42.7M |
| 5 |
Morgan Stanley
New York
|
-$42.1M |
CIT Hedge Fund Activity: Q1 2017 in Review
332 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q1 2017, worth a combined $8.75B — up 1.4% from $8.63B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new CIT positions and 44 closed out — a net gain of 16 holders — while 103 added to existing stakes and 112 trimmed.
The largest buyer was BlackRock, adding an estimated $410M. The largest seller was Highline Capital Management, cutting an estimated $85.3M.
- 332 institutional investors held CIT Group Inc. (CIT) as of Q1 2017, up from 326 in Q4 2016.
- Funds reported $8.75B of CIT Group Inc. stock for Q1 2017, up 1.4% quarter-over-quarter.
- 60 funds opened new CIT Group Inc. positions in Q1 2017 and 44 closed out, a net change of +16 holders.
- The largest CIT Group Inc. buyer in Q1 2017 was BlackRock, an estimated $410M added.
- The largest CIT Group Inc. seller in Q1 2017 was Highline Capital Management, an estimated $85.3M sold.
Based on aggregated 13F filings for Q1 2017.