CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
284 hedge funds and large institutions have $3.36B invested in CIT Group Inc. in 2020 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 54 increasing their positions, 94 reducing their positions, and 43 closing their positions.
116% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 43
107% more capital invested
Capital invested by funds: $1.63B → $3.36B (+$1.73B)
100% more funds holding in top 10
Funds holding in top 10: 5 → 10 (+5)
21% more funds holding
Funds holding: 235 → 284 (+49)
13% more call options, than puts
Call options by funds: $25.4M | Put options by funds: $22.5M
43% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 94
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
+$114M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$110M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$100M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$33.4M |
| 5 |
AA
Ancient Art
Austin,
Texas
|
+$33.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$111M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$86.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$69.3M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$59.2M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$48.2M |
CIT Hedge Fund Activity: Q4 2020 in Review
284 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q4 2020, worth a combined $3.36B — up 107% from $1.63B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new CIT positions and 43 closed out — a net gain of 50 holders — while 54 added to existing stakes and 94 trimmed.
The largest buyer was Palestra Capital Management, opening a new position worth an estimated $114M. The largest seller was First Pacific Advisors, cutting an estimated $111M.
- 284 institutional investors held CIT Group Inc. (CIT) as of Q4 2020, up from 235 in Q3 2020.
- Funds reported $3.36B of CIT Group Inc. stock for Q4 2020, up 107% quarter-over-quarter.
- 93 funds opened new CIT Group Inc. positions in Q4 2020 and 43 closed out, a net change of +50 holders.
- The largest CIT Group Inc. buyer in Q4 2020 was Palestra Capital Management, an estimated $114M added.
- The largest CIT Group Inc. seller in Q4 2020 was First Pacific Advisors, an estimated $111M sold.
Based on aggregated 13F filings for Q4 2020.