CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
235 hedge funds and large institutions have $1.63B invested in CIT Group Inc. in 2020 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 63 increasing their positions, 83 reducing their positions, and 43 closing their positions.
116% more call options, than puts
Call options by funds: $30.1M | Put options by funds: $14M
5% less funds holding
Funds holding: 248 → 235 (-13)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
18% less capital invested
Capital invested by funds: $1.97B → $1.63B (-$347M)
24% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 83
30% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$30.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$20.3M |
| 3 |
State Street
Boston,
Massachusetts
|
+$11.3M |
| 4 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$10.8M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$6.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
-$24.1M |
| 2 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$23.1M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$18.3M |
| 4 |
LCM
Lakewood Capital Management
New York
|
-$10.3M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$9.61M |
CIT Hedge Fund Activity: Q3 2020 in Review
235 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q3 2020, worth a combined $1.63B — down 18% from $1.97B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of CIT and 30 opened new positions — a net loss of 13 holders — while 83 trimmed existing stakes and 63 added.
The largest buyer was Credit Suisse, adding an estimated $30.5M. The largest seller was Prudential Financial, cutting an estimated $24.1M.
- 235 institutional investors held CIT Group Inc. (CIT) as of Q3 2020, down from 248 in Q2 2020.
- Funds reported $1.63B of CIT Group Inc. stock for Q3 2020, down 18% quarter-over-quarter.
- 30 funds opened new CIT Group Inc. positions in Q3 2020 and 43 closed out, a net change of -13 holders.
- The largest CIT Group Inc. buyer in Q3 2020 was Credit Suisse, an estimated $30.5M added.
- The largest CIT Group Inc. seller in Q3 2020 was Prudential Financial, an estimated $24.1M sold.
Based on aggregated 13F filings for Q3 2020.