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CIT

CIT Group Inc.
CIT

Delisted

CIT was delisted on the 3rd of January, 2022.

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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
332
Holders Change
+6
Holders Change %
+1.84%
% of All Funds
8.26%
Holding in Top 10
19
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5%
% of All Funds
0.47%
New
60
Increased
103
Reduced
112
Closed
44
Calls
$363M
Puts
$219M
Net Calls
+$143M
Net Calls Change
+$47.1M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$410M
2
Citadel Advisors
Citadel Advisors
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
Wells Fargo
California
-$56.6M
3
WCMNY
Westchester Capital Management (New York)
New York
-$52.5M
4
CC
Carlson Capital
Texas
-$42.7M
5
Morgan Stanley
Morgan Stanley
New York
-$42.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$68.7M -$7.04M -166,329 -9%
Manulife (Manufacturers Life Insurance)
27
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$66.5M -$11.7M -276,287 -15%
Dimensional Fund Advisors
28
Dimensional Fund Advisors
Texas
$63.6M +$2.74M +64,784 +5%
Geode Capital Management
29
Geode Capital Management
Massachusetts
$62.8M +$2.67M +63,074 +5%
VFA
30
Virtus Fund Advisers
Connecticut
$57.6M +$56.8M +1,340,650 New
Northern Trust
31
Northern Trust
Illinois
$52.6M +$1.6M +37,784 +3%
HEC
32
Hudson Executive Capital
New York
$52.4M – – –
TCIM
33
TIAA CREF Investment Management
New York
$50.9M -$2.06M -48,632 -4%
APG Asset Management
34
APG Asset Management
Netherlands
$48.1M +$46.6K +1,100 +0.1%
Lord, Abbett & Co
35
Lord, Abbett & Co
New Jersey
$48M +$1.3M +30,800 +3%
NMVA
36
New Mountain Vantage Advisers
New York
$45.1M +$44.5M +1,050,099 New
D.E. Shaw & Co
37
D.E. Shaw & Co
New York
$45.1M +$10.3M +242,303 +30%
BCM
38
Bridgeway Capital Management
Texas
$44.7M +$2.04M +48,260 +5%
Russell Investments Group
39
Russell Investments Group
United Kingdom
$44.2M -$3.31M -78,210 -7%
Federated Hermes
40
Federated Hermes
Pennsylvania
$44M – – –
Legal & General Group
41
Legal & General Group
United Kingdom
$42.3M +$1.64M +38,689 +4%
Bank of New York Mellon
42
Bank of New York Mellon
New York
$40.5M +$1.6M +37,810 +4%
CGT
43
Capital Guardian Trust
California
$39.7M -$678K -16,000 -2%
JP Morgan Chase
44
JP Morgan Chase
New York
$34M -$8.39M -198,199 -20%
Bank of America
45
Bank of America
North Carolina
$33.5M -$13M -306,048 -28%
Point72 Asset Management
46
Point72 Asset Management
Connecticut
$33M +$20.9M +492,421 +178%
Deutsche Bank
47
Deutsche Bank
Germany
$31M -$9.48M -223,937 -24%
Los Angeles Capital Management
48
Los Angeles Capital Management
California
$29.5M -$20.4M -482,810 -41%
Charles Schwab
49
Charles Schwab
California
$29.4M +$2.61M +61,670 +10%
TA
50
Teachers Advisors
New York
$29.4M -$3.69M -87,234 -11%
1
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CIT Hedge Fund Activity: Q1 2017 in Review

332 of the 4,017 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.