CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
364 hedge funds and large institutions have $10.1B invested in CIT Group Inc. in 2013 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 126 increasing their positions, 142 reducing their positions, and 36 closing their positions.
33% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 36
23% more call options, than puts
Call options by funds: $69.5M | Put options by funds: $56.3M
2% more funds holding
Funds holding: 356 → 364 (+8)
1% more capital invested
Capital invested by funds: $10B → $10.1B (+$69.9M)
11% less repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 142
33% less funds holding in top 10
Funds holding in top 10: 21 → 14 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$111M |
| 2 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$64.3M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$57.6M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$55.5M |
| 5 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$46.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
-$470M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$87.3M |
| 3 |
EIP
Epoch Investment Partners
New York
|
-$74.8M |
| 4 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$65.4M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$61.1M |
CIT Hedge Fund Activity: Q4 2013 in Review
364 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q4 2013, worth a combined $10.1B — up 0.7% from $10B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new CIT positions and 36 closed out — a net gain of 12 holders — while 126 added to existing stakes and 142 trimmed.
The largest buyer was Neuberger Berman Group, opening a new position worth an estimated $111M. The largest seller was OppenheimerFunds, cutting an estimated $470M.
- 364 institutional investors held CIT Group Inc. (CIT) as of Q4 2013, up from 356 in Q3 2013.
- Funds reported $10.1B of CIT Group Inc. stock for Q4 2013, up 0.7% quarter-over-quarter.
- 48 funds opened new CIT Group Inc. positions in Q4 2013 and 36 closed out, a net change of +12 holders.
- The largest CIT Group Inc. buyer in Q4 2013 was Neuberger Berman Group, an estimated $111M added.
- The largest CIT Group Inc. seller in Q4 2013 was OppenheimerFunds, an estimated $470M sold.
Based on aggregated 13F filings for Q4 2013.