CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
319 hedge funds and large institutions have $6.05B invested in CIT Group Inc. in 2018 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 90 increasing their positions, 125 reducing their positions, and 53 closing their positions.
93% more call options, than puts
Call options by funds: $85.1M | Put options by funds: $44.1M
6% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 53
1% less funds holding
Funds holding: 323 → 319 (-4)
3.34% less ownership
Funds ownership: 97.63% → 94.29% (-3.3%)
8% less capital invested
Capital invested by funds: $6.57B → $6.05B (-$522M)
22% less funds holding in top 10
Funds holding in top 10: 18 → 14 (-4)
28% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 125
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$55.1M |
| 2 |
NMVA
New Mountain Vantage Advisers
New York
|
+$48.8M |
| 3 |
Citigroup
New York
|
+$42M |
| 4 |
RCM
Redwood Capital Management
New York
|
+$20.9M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$19.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$134M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$127M |
| 3 |
LCM
Lakewood Capital Management
New York
|
-$86.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$57.8M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$43.4M |
CIT Hedge Fund Activity: Q2 2018 in Review
319 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q2 2018, worth a combined $6.05B — down 7.9% from $6.57B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of CIT and 50 opened new positions — a net loss of 3 holders — while 125 trimmed existing stakes and 90 added.
The largest buyer was Millennium Management, adding an estimated $55.1M. The largest seller was Capital Research Global Investors, cutting an estimated $134M.
- 319 institutional investors held CIT Group Inc. (CIT) as of Q2 2018, down from 323 in Q1 2018.
- Funds reported $6.05B of CIT Group Inc. stock for Q2 2018, down 7.9% quarter-over-quarter.
- 50 funds opened new CIT Group Inc. positions in Q2 2018 and 53 closed out, a net change of -3 holders.
- The largest CIT Group Inc. buyer in Q2 2018 was Millennium Management, an estimated $55.1M added.
- The largest CIT Group Inc. seller in Q2 2018 was Capital Research Global Investors, an estimated $134M sold.
Based on aggregated 13F filings for Q2 2018.