CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
323 hedge funds and large institutions have $6.57B invested in CIT Group Inc. in 2018 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 88 increasing their positions, 116 reducing their positions, and 49 closing their positions.
74% more call options, than puts
Call options by funds: $67.9M | Put options by funds: $39.1M
64% more funds holding in top 10
Funds holding in top 10: 11 → 18 (+7)
16% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 49
1% more funds holding
Funds holding: 319 → 323 (+4)
0% less capital invested
Capital invested by funds: $6.61B → $6.57B (-$32.7M)
4.62% less ownership
Funds ownership: 102.24% → 97.63% (-4.6%)
24% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 116
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
+$25.1M |
| 2 |
NMVA
New Mountain Vantage Advisers
New York
|
+$21.4M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$19.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$16.8M |
| 5 |
GC
Gillson Capital
Chicago,
Illinois
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$75.5M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$69.3M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$52.5M |
| 4 |
State Street
Boston,
Massachusetts
|
-$35M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$34.9M |
CIT Hedge Fund Activity: Q1 2018 in Review
323 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q1 2018, worth a combined $6.57B — down 0.49% from $6.61B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new CIT positions and 49 closed out — a net gain of 8 holders — while 88 added to existing stakes and 116 trimmed.
The largest buyer was OppenheimerFunds, opening a new position worth an estimated $25.1M. The largest seller was First Pacific Advisors, cutting an estimated $75.5M.
- 323 institutional investors held CIT Group Inc. (CIT) as of Q1 2018, up from 319 in Q4 2017.
- Funds reported $6.57B of CIT Group Inc. stock for Q1 2018, down 0.49% quarter-over-quarter.
- 57 funds opened new CIT Group Inc. positions in Q1 2018 and 49 closed out, a net change of +8 holders.
- The largest CIT Group Inc. buyer in Q1 2018 was OppenheimerFunds, an estimated $25.1M added.
- The largest CIT Group Inc. seller in Q1 2018 was First Pacific Advisors, an estimated $75.5M sold.
Based on aggregated 13F filings for Q1 2018.