CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
284 hedge funds and large institutions have $1.61B invested in CIT Group Inc. in 2020 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 106 increasing their positions, 78 reducing their positions, and 83 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 78
11% more call options, than puts
Call options by funds: $5.26M | Put options by funds: $4.72M
8% less funds holding
Funds holding: 309 → 284 (-25)
8.73% less ownership
Funds ownership: 102.83% → 94.11% (-8.7%)
25% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 83
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
64% less capital invested
Capital invested by funds: $4.44B → $1.61B (-$2.84B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$76.7M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$68.3M |
| 3 |
BlackRock
New York
|
+$43.5M |
| 4 |
State Street
Boston,
Massachusetts
|
+$31.4M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$28.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$223M |
| 2 |
OCAM
Owl Creek Asset Management
New York
|
-$84.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$63.2M |
| 4 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$63M |
| 5 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$52.4M |
CIT Hedge Fund Activity: Q1 2020 in Review
284 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q1 2020, worth a combined $1.61B — down 64% from $4.44B a quarter earlier.
Sellers outnumbered buyers: 83 funds closed out of CIT and 62 opened new positions — a net loss of 21 holders — while 78 trimmed existing stakes and 106 added.
The largest buyer was Fidelity Investments, adding an estimated $76.7M. The largest seller was Franklin Resources, cutting an estimated $223M.
- 284 institutional investors held CIT Group Inc. (CIT) as of Q1 2020, down from 309 in Q4 2019.
- Funds reported $1.61B of CIT Group Inc. stock for Q1 2020, down 64% quarter-over-quarter.
- 62 funds opened new CIT Group Inc. positions in Q1 2020 and 83 closed out, a net change of -21 holders.
- The largest CIT Group Inc. buyer in Q1 2020 was Fidelity Investments, an estimated $76.7M added.
- The largest CIT Group Inc. seller in Q1 2020 was Franklin Resources, an estimated $223M sold.
Based on aggregated 13F filings for Q1 2020.