CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
320 hedge funds and large institutions have $4.71B invested in CIT Group Inc. in 2019 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 88 increasing their positions, 138 reducing their positions, and 32 closing their positions.
50% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 32
34% more call options, than puts
Call options by funds: $33.7M | Put options by funds: $25.2M
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
19% more capital invested
Capital invested by funds: $3.96B → $4.71B (+$752M)
4% more funds holding
Funds holding: 307 → 320 (+13)
0.51% less ownership
Funds ownership: 97.93% → 97.42% (-0.51%)
36% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 138
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$25.7M |
| 2 |
ACL
Azora Capital LP
Miami,
Florida
|
+$20.3M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$16.1M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
+$13.8M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$13.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$93.6M |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$40.1M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$27.3M |
| 4 |
State Street
Boston,
Massachusetts
|
-$25.8M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$23.8M |
CIT Hedge Fund Activity: Q1 2019 in Review
320 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q1 2019, worth a combined $4.71B — up 19% from $3.96B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new CIT positions and 32 closed out — a net gain of 16 holders — while 88 added to existing stakes and 138 trimmed.
The largest buyer was Wedge Capital Management, opening a new position worth an estimated $25.7M. The largest seller was Capital World Investors, cutting an estimated $93.6M.
- 320 institutional investors held CIT Group Inc. (CIT) as of Q1 2019, up from 307 in Q4 2018.
- Funds reported $4.71B of CIT Group Inc. stock for Q1 2019, up 19% quarter-over-quarter.
- 48 funds opened new CIT Group Inc. positions in Q1 2019 and 32 closed out, a net change of +16 holders.
- The largest CIT Group Inc. buyer in Q1 2019 was Wedge Capital Management, an estimated $25.7M added.
- The largest CIT Group Inc. seller in Q1 2019 was Capital World Investors, an estimated $93.6M sold.
Based on aggregated 13F filings for Q1 2019.