CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
350 hedge funds and large institutions have $8.28B invested in CIT Group Inc. in 2014 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 104 increasing their positions, 135 reducing their positions, and 41 closing their positions.
37% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 41
4% more funds holding
Funds holding: 338 → 350 (+12)
2% less capital invested
Capital invested by funds: $8.48B → $8.28B (-$203M)
23% less repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 135
37% less call options, than puts
Call options by funds: $47.1M | Put options by funds: $74.9M
42% less funds holding in top 10
Funds holding in top 10: 12 → 7 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$101M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$101M |
| 3 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
+$101M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$86.9M |
| 5 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$58.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Centerbridge Partners
New York
|
-$289M |
| 2 |
O
OppenheimerFunds
New York
|
-$152M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$68.5M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$59.2M |
| 5 |
LM
Lasry Marc
|
-$48.6M |
CIT Hedge Fund Activity: Q3 2014 in Review
350 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q3 2014, worth a combined $8.28B — down 2.4% from $8.48B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new CIT positions and 41 closed out — a net gain of 15 holders — while 104 added to existing stakes and 135 trimmed.
The largest buyer was Systematic Financial Management, opening a new position worth an estimated $101M. The largest seller was Centerbridge Partners, cutting an estimated $289M.
- 350 institutional investors held CIT Group Inc. (CIT) as of Q3 2014, up from 338 in Q2 2014.
- Funds reported $8.28B of CIT Group Inc. stock for Q3 2014, down 2.4% quarter-over-quarter.
- 56 funds opened new CIT Group Inc. positions in Q3 2014 and 41 closed out, a net change of +15 holders.
- The largest CIT Group Inc. buyer in Q3 2014 was Systematic Financial Management, an estimated $101M added.
- The largest CIT Group Inc. seller in Q3 2014 was Centerbridge Partners, an estimated $289M sold.
Based on aggregated 13F filings for Q3 2014.