CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
338 hedge funds and large institutions have $8.48B invested in CIT Group Inc. in 2014 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 120 increasing their positions, 124 reducing their positions, and 44 closing their positions.
139% more call options, than puts
Call options by funds: $152M | Put options by funds: $63.4M
3% less repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 124
3% less funds holding
Funds holding: 347 → 338 (-9)
8% less capital invested
Capital invested by funds: $9.24B → $8.48B (-$761M)
11% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 44
29% less funds holding in top 10
Funds holding in top 10: 17 → 12 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Centerbridge Partners
New York
|
+$89.2M |
| 2 |
EIP
Epoch Investment Partners
New York
|
+$70.1M |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$70M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$67.4M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$61.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$254M |
| 2 |
MAM
Marketfield Asset Management
New York
|
-$196M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$124M |
| 4 |
Neuberger Berman Group
New York
|
-$46.1M |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
-$46.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BPBT
376
Boston Private Bank & Trust
Boston,
Massachusetts
| – | -$6K | -122 | Closed |
|
377
Winslow Capital Management
Minneapolis,
Minnesota
| – | -$4K | -73 | Closed |
|
|
TCOV
378
Trust Company of Vermont
Brattleboro,
Vermont
| – | -$3K | -60 | Closed |
|
|
HCC
379
Hirtle Callaghan & Co
West Conshohocken,
Pennsylvania
| – | -$1K | -26 | Closed |
|
|
NFG
380
Next Financial Group
Houston,
Texas
| – | +$45 | +1 | New |
|
|
KTC
381
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| – | +$90 | +2 | New |
|
CIT Hedge Fund Activity: Q2 2014 in Review
338 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q2 2014, worth a combined $8.48B — down 8.2% from $9.24B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of CIT and 39 opened new positions — a net loss of 5 holders — while 124 trimmed existing stakes and 120 added.
The largest buyer was Centerbridge Partners, adding an estimated $89.2M. The largest seller was AllianceBernstein, cutting an estimated $254M.
- 338 institutional investors held CIT Group Inc. (CIT) as of Q2 2014, down from 347 in Q1 2014.
- Funds reported $8.48B of CIT Group Inc. stock for Q2 2014, down 8.2% quarter-over-quarter.
- 39 funds opened new CIT Group Inc. positions in Q2 2014 and 44 closed out, a net change of -5 holders.
- The largest CIT Group Inc. buyer in Q2 2014 was Centerbridge Partners, an estimated $89.2M added.
- The largest CIT Group Inc. seller in Q2 2014 was AllianceBernstein, an estimated $254M sold.
Based on aggregated 13F filings for Q2 2014.