CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
315 hedge funds and large institutions have $4.94B invested in CIT Group Inc. in 2019 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 88 increasing their positions, 133 reducing their positions, and 36 closing their positions.
58% more call options, than puts
Call options by funds: $30.5M | Put options by funds: $19.4M
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
5% more capital invested
Capital invested by funds: $4.71B → $4.94B (+$232M)
0% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 36
2% less funds holding
Funds holding: 320 → 315 (-5)
34% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 133
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$46M |
| 2 |
Millennium Management
New York
|
+$42.2M |
| 3 |
OCAM
Owl Creek Asset Management
New York
|
+$25M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$18.4M |
| 5 |
Goldman Sachs
New York
|
+$14.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMVA
New Mountain Vantage Advisers
New York
|
-$92.7M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$50M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$26.8M |
| 4 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$24.7M |
| 5 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$24.6M |
CIT Hedge Fund Activity: Q2 2019 in Review
315 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q2 2019, worth a combined $4.94B — up 4.9% from $4.71B a quarter earlier.
Fund positioning in CIT was balanced in Q2 2019: 36 funds opened new positions, 36 closed out, 88 added to existing stakes and 133 trimmed.
The largest buyer was Nuveen, adding an estimated $46M. The largest seller was New Mountain Vantage Advisers, cutting an estimated $92.7M.
- 315 institutional investors held CIT Group Inc. (CIT) as of Q2 2019, down from 320 in Q1 2019.
- Funds reported $4.94B of CIT Group Inc. stock for Q2 2019, up 4.9% quarter-over-quarter.
- 36 funds opened new CIT Group Inc. positions in Q2 2019 and 36 closed out, a net change of 0 holders.
- The largest CIT Group Inc. buyer in Q2 2019 was Nuveen, an estimated $46M added.
- The largest CIT Group Inc. seller in Q2 2019 was New Mountain Vantage Advisers, an estimated $92.7M sold.
Based on aggregated 13F filings for Q2 2019.