CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
356 hedge funds and large institutions have $9.52B invested in CIT Group Inc. in 2013 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 128 increasing their positions, 131 reducing their positions, and 33 closing their positions.
42% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 33
28% more call options, than puts
Call options by funds: $62.9M | Put options by funds: $49.2M
17% more funds holding in top 10
Funds holding in top 10: 18 → 21 (+3)
3% more funds holding
Funds holding: 346 → 356 (+10)
4% more capital invested
Capital invested by funds: $9.16B → $9.52B (+$360M)
2% less repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 131
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$117M |
| 2 |
YCMGA
York Capital Management Global Advisors
New York
|
+$111M |
| 3 |
SSM
Sound Shore Management
Greenwich,
Connecticut
|
+$99.7M |
| 4 |
OAMG
Odey Asset Management Group
London,
United Kingdom
|
+$67.6M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$62.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Centerbridge Partners
New York
|
-$126M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$73.8M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$53.9M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$53.1M |
| 5 |
GCM
Glenview Capital Management
New York
|
-$47.4M |
CIT Hedge Fund Activity: Q3 2013 in Review
356 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q3 2013, worth a combined $9.52B — up 3.9% from $9.16B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new CIT positions and 33 closed out — a net gain of 14 holders — while 128 added to existing stakes and 131 trimmed.
The largest buyer was Barrow, Hanley, Mewhinney & Strauss, adding an estimated $117M. The largest seller was Centerbridge Partners, cutting an estimated $126M.
- 356 institutional investors held CIT Group Inc. (CIT) as of Q3 2013, up from 346 in Q2 2013.
- Funds reported $9.52B of CIT Group Inc. stock for Q3 2013, up 3.9% quarter-over-quarter.
- 47 funds opened new CIT Group Inc. positions in Q3 2013 and 33 closed out, a net change of +14 holders.
- The largest CIT Group Inc. buyer in Q3 2013 was Barrow, Hanley, Mewhinney & Strauss, an estimated $117M added.
- The largest CIT Group Inc. seller in Q3 2013 was Centerbridge Partners, an estimated $126M sold.
Based on aggregated 13F filings for Q3 2013.