CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
289 hedge funds and large institutions have $6.81B invested in CIT Group Inc. in 2017 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 83 increasing their positions, 107 reducing their positions, and 33 closing their positions.
36% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 33
4% more funds holding
Funds holding: 279 → 289 (+10)
7% less capital invested
Capital invested by funds: $7.31B → $6.81B (-$497M)
7% less funds holding in top 10
Funds holding in top 10: 14 → 13 (-1)
22% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 107
56% less call options, than puts
Call options by funds: $70.5M | Put options by funds: $160M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lakewood Capital Management
New York
|
+$28M |
| 2 |
JAM
Jacobs Asset Management
New York
|
+$17.5M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$15.6M |
| 4 |
JP Morgan Chase
New York
|
+$15.4M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$13.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$146M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$91.2M |
| 3 |
BlackRock
New York
|
-$71.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$65.8M |
| 5 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$52.2M |
CIT Hedge Fund Activity: Q3 2017 in Review
289 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q3 2017, worth a combined $6.81B — down 6.8% from $7.31B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new CIT positions and 33 closed out — a net gain of 12 holders — while 83 added to existing stakes and 107 trimmed.
The largest buyer was Lakewood Capital Management, adding an estimated $28M. The largest seller was Capital Research Global Investors, cutting an estimated $146M.
- 289 institutional investors held CIT Group Inc. (CIT) as of Q3 2017, up from 279 in Q2 2017.
- Funds reported $6.81B of CIT Group Inc. stock for Q3 2017, down 6.8% quarter-over-quarter.
- 45 funds opened new CIT Group Inc. positions in Q3 2017 and 33 closed out, a net change of +12 holders.
- The largest CIT Group Inc. buyer in Q3 2017 was Lakewood Capital Management, an estimated $28M added.
- The largest CIT Group Inc. seller in Q3 2017 was Capital Research Global Investors, an estimated $146M sold.
Based on aggregated 13F filings for Q3 2017.