CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
248 hedge funds and large institutions have $1.97B invested in CIT Group Inc. in 2020 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 93 increasing their positions, 76 reducing their positions, and 75 closing their positions.
92% more call options, than puts
Call options by funds: $24.3M | Put options by funds: $12.6M
23% more capital invested
Capital invested by funds: $1.6B → $1.97B (+$372M)
22% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 76
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
13% less funds holding
Funds holding: 284 → 248 (-36)
47% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 75
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$60.5M |
| 2 |
State Street
Boston,
Massachusetts
|
+$29.9M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$25.8M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$25.6M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$13.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$31.2M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$17.8M |
| 3 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$17.2M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$16.5M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$14.6M |
CIT Hedge Fund Activity: Q2 2020 in Review
248 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q2 2020, worth a combined $1.97B — up 23% from $1.6B a quarter earlier.
Sellers outnumbered buyers: 75 funds closed out of CIT and 40 opened new positions — a net loss of 35 holders — while 76 trimmed existing stakes and 93 added.
The largest buyer was BlackRock, adding an estimated $60.5M. The largest seller was Capital World Investors, cutting an estimated $31.2M.
- 248 institutional investors held CIT Group Inc. (CIT) as of Q2 2020, down from 284 in Q1 2020.
- Funds reported $1.97B of CIT Group Inc. stock for Q2 2020, up 23% quarter-over-quarter.
- 40 funds opened new CIT Group Inc. positions in Q2 2020 and 75 closed out, a net change of -35 holders.
- The largest CIT Group Inc. buyer in Q2 2020 was BlackRock, an estimated $60.5M added.
- The largest CIT Group Inc. seller in Q2 2020 was Capital World Investors, an estimated $31.2M sold.
Based on aggregated 13F filings for Q2 2020.