CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
283 hedge funds and large institutions have $5.1B invested in CIT Group Inc. in 2021 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 89 increasing their positions, 97 reducing their positions, and 48 closing their positions.
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
1% less capital invested
Capital invested by funds: $5.14B → $5.1B (-$37.4M)
8% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 97
8% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 48
10% less call options, than puts
Call options by funds: $9.08M | Put options by funds: $10.1M
2% less funds holding
Funds holding: 290 → 283 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$56M |
| 2 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$34.5M |
| 3 |
NAM
Nexpoint Asset Management
Dallas,
Texas
|
+$32.7M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$32.3M |
| 5 |
JP Morgan Chase
New York
|
+$31.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$27.8M |
| 2 |
SG Americas Securities
New York
|
-$27.6M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$23.6M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$19.7M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$17.4M |
CIT Hedge Fund Activity: Q4 2021 in Review
283 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q4 2021, worth a combined $5.1B — down 0.73% from $5.14B a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of CIT and 44 opened new positions — a net loss of 4 holders — while 97 trimmed existing stakes and 89 added.
The largest buyer was Egerton Capital (UK), adding an estimated $56M. The largest seller was Millennium Management, exiting entirely with an estimated $27.8M sold.
- 283 institutional investors held CIT Group Inc. (CIT) as of Q4 2021, down from 290 in Q3 2021.
- Funds reported $5.1B of CIT Group Inc. stock for Q4 2021, down 0.73% quarter-over-quarter.
- 44 funds opened new CIT Group Inc. positions in Q4 2021 and 48 closed out, a net change of -4 holders.
- The largest CIT Group Inc. buyer in Q4 2021 was Egerton Capital (UK), an estimated $56M added.
- The largest CIT Group Inc. seller in Q4 2021 was Millennium Management, an estimated $27.8M sold.
Based on aggregated 13F filings for Q4 2021.