CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
328 hedge funds and large institutions have $6.12B invested in CIT Group Inc. in 2016 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 118 increasing their positions, 110 reducing their positions, and 58 closing their positions.
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
7% more repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 110
1% less call options, than puts
Call options by funds: $125M | Put options by funds: $127M
4% less funds holding
Funds holding: 340 → 328 (-12)
16% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 58
20% less capital invested
Capital invested by funds: $7.66B → $6.12B (-$1.54B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$221M |
| 2 |
Morgan Stanley
New York
|
+$205M |
| 3 |
KCM
Kingstown Capital Management
New York
|
+$63M |
| 4 |
HCM
Highline Capital Management
New York
|
+$49.7M |
| 5 |
Capital International Investors
Los Angeles,
California
|
+$46.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Epoch Investment Partners
New York
|
-$174M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$135M |
| 3 |
MC
Maverick Capital
Dallas,
Texas
|
-$113M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$111M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$37M |
CIT Hedge Fund Activity: Q1 2016 in Review
328 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q1 2016, worth a combined $6.12B — down 20% from $7.66B a quarter earlier.
Sellers outnumbered buyers: 58 funds closed out of CIT and 49 opened new positions — a net loss of 9 holders — while 110 trimmed existing stakes and 118 added.
The largest buyer was First Pacific Advisors, adding an estimated $221M. The largest seller was Epoch Investment Partners, exiting entirely with an estimated $174M sold.
- 328 institutional investors held CIT Group Inc. (CIT) as of Q1 2016, down from 340 in Q4 2015.
- Funds reported $6.12B of CIT Group Inc. stock for Q1 2016, down 20% quarter-over-quarter.
- 49 funds opened new CIT Group Inc. positions in Q1 2016 and 58 closed out, a net change of -9 holders.
- The largest CIT Group Inc. buyer in Q1 2016 was First Pacific Advisors, an estimated $221M added.
- The largest CIT Group Inc. seller in Q1 2016 was Epoch Investment Partners, an estimated $174M sold.
Based on aggregated 13F filings for Q1 2016.