CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
315 hedge funds and large institutions have $7.26B invested in CIT Group Inc. in 2016 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 108 increasing their positions, 108 reducing their positions, and 31 closing their positions.
45% more funds holding in top 10
Funds holding in top 10: 11 → 16 (+5)
19% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 31
13% more capital invested
Capital invested by funds: $6.39B → $7.26B (+$861M)
10% more call options, than puts
Call options by funds: $254M | Put options by funds: $230M
1% more funds holding
Funds holding: 312 → 315 (+3)
0% more repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 108
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$78.6M |
| 2 |
Morgan Stanley
New York
|
+$40.5M |
| 3 |
JCI
Jet Capital Investors
New York
|
+$38.4M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$33.5M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$30.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPC
Stone Point Capital
Greenwich,
Connecticut
|
-$133M |
| 2 |
JP Morgan Chase
New York
|
-$43.7M |
| 3 |
SFM
Soros Fund Management
New York
|
-$38M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
-$23.4M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$22.8M |
CIT Hedge Fund Activity: Q3 2016 in Review
315 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q3 2016, worth a combined $7.26B — up 13% from $6.39B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new CIT positions and 31 closed out — a net gain of 6 holders — while 108 added to existing stakes and 108 trimmed.
The largest buyer was Capital World Investors, adding an estimated $78.6M. The largest seller was Stone Point Capital, exiting entirely with an estimated $133M sold.
- 315 institutional investors held CIT Group Inc. (CIT) as of Q3 2016, up from 312 in Q2 2016.
- Funds reported $7.26B of CIT Group Inc. stock for Q3 2016, up 13% quarter-over-quarter.
- 37 funds opened new CIT Group Inc. positions in Q3 2016 and 31 closed out, a net change of +6 holders.
- The largest CIT Group Inc. buyer in Q3 2016 was Capital World Investors, an estimated $78.6M added.
- The largest CIT Group Inc. seller in Q3 2016 was Stone Point Capital, an estimated $133M sold.
Based on aggregated 13F filings for Q3 2016.