CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
318 hedge funds and large institutions have $6.6B invested in CIT Group Inc. in 2017 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 84 increasing their positions, 115 reducing their positions, and 34 closing their positions.
91% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 34
10% more funds holding
Funds holding: 289 → 318 (+29)
3% less capital invested
Capital invested by funds: $6.81B → $6.6B (-$209M)
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
27% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 115
59% less call options, than puts
Call options by funds: $63.6M | Put options by funds: $153M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$43.6M |
| 2 |
Barclays
London,
United Kingdom
|
+$21.7M |
| 3 |
Renaissance Technologies
New York
|
+$20.7M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$18.5M |
| 5 |
Morgan Stanley
New York
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$73.4M |
| 2 |
LCM
Lakewood Capital Management
New York
|
-$46.9M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$41M |
| 4 |
Goldman Sachs
New York
|
-$35.5M |
| 5 |
NMVA
New Mountain Vantage Advisers
New York
|
-$23.4M |
CIT Hedge Fund Activity: Q4 2017 in Review
318 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q4 2017, worth a combined $6.6B — down 3.1% from $6.81B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new CIT positions and 34 closed out — a net gain of 31 holders — while 84 added to existing stakes and 115 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $43.6M. The largest seller was Fidelity Investments, cutting an estimated $73.4M.
- 318 institutional investors held CIT Group Inc. (CIT) as of Q4 2017, up from 289 in Q3 2017.
- Funds reported $6.6B of CIT Group Inc. stock for Q4 2017, down 3.1% quarter-over-quarter.
- 65 funds opened new CIT Group Inc. positions in Q4 2017 and 34 closed out, a net change of +31 holders.
- The largest CIT Group Inc. buyer in Q4 2017 was JP Morgan Chase, an estimated $43.6M added.
- The largest CIT Group Inc. seller in Q4 2017 was Fidelity Investments, an estimated $73.4M sold.
Based on aggregated 13F filings for Q4 2017.