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CIT

CIT Group Inc.
CIT

Delisted

CIT was delisted on the 3rd of January, 2022.

283 hedge funds and large institutions have $3.36B invested in CIT Group Inc. in 2020 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 54 increasing their positions, 94 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

116% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 43

107% more capital invested

Capital invested by funds: $1.63B → $3.36B (+$1.73B)

100% more funds holding in top 10

Funds holding in top 10: 510 (+5)

21% more funds holding

Funds holding: 234283 (+49)

13% more call options, than puts

Call options by funds: $25.4M | Put options by funds: $22.5M

43% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 94

Holders
283
Holders Change
+49
Holders Change %
+20.94%
% of All Funds
5.01%
Holding in Top 10
10
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+100%
% of All Funds
0.18%
New
93
Increased
54
Reduced
94
Closed
43
Calls
$25.4M
Puts
$22.5M
Net Calls
+$2.9M
Net Calls Change
-$13.2M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$417M -$19.6M -621,579 -5%
Vanguard Group
2
Vanguard Group
Pennsylvania
$334M +$2.34M +74,314 +0.8%
State Street
3
State Street
Massachusetts
$190M -$17.6M -557,995 -10%
ACM
4
Alua Capital Management
New York
$153M +$134M +4,253,145 New
Lord, Abbett & Co
5
Lord, Abbett & Co
New Jersey
$143M +$110M +3,471,808 +689%
PCM
6
Palestra Capital Management
New York
$130M +$114M +3,627,859 New
Hotchkis & Wiley Capital Management
7
Hotchkis & Wiley Capital Management
California
$125M +$33.4M +1,059,417 +44%
Fuller & Thaler Asset Management
8
Fuller & Thaler Asset Management
California
$116M -$3.15M -99,875 -3%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$116M +$3.26M +103,203 +3%
Wellington Management Group
10
Wellington Management Group
Massachusetts
$114M +$100M +3,170,802 New
LSV Asset Management
11
LSV Asset Management
Illinois
$99.8M -$32.1M -1,017,587 -27%
TSW
12
Thompson Siegel & Walmsley
Virginia
$66.5M -$10.4M -329,506 -15%
LCM
13
Lakewood Capital Management
New York
$64.7M +$17.3M +548,000 +44%
Northern Trust
14
Northern Trust
Illinois
$53.7M -$1.79M -56,779 -4%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$53.2M +$3.75M +118,756 +9%
JP Morgan Chase
16
JP Morgan Chase
New York
$46.4M +$18.2M +576,489 +80%
Norges Bank
17
Norges Bank
Norway
$46.1M +$2.83M +89,607 +7%
FPA
18
First Pacific Advisors
California
$46M -$111M -3,507,893 -73%
Invesco
19
Invesco
Georgia
$45.8M +$4.32M +136,895 +12%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$43.5M -$6.7M -212,380 -15%
Arrowstreet Capital
21
Arrowstreet Capital
Massachusetts
$40.1M +$4.7M +149,031 +15%
AA
22
Ancient Art
Texas
$37.7M +$33.1M +1,048,800 New
CA
23
Cortland Associates
Missouri
$37M +$32.5M +1,030,435 New
Morgan Stanley
24
Morgan Stanley
New York
$32.5M +$7.18M +227,630 +34%
Charles Schwab
25
Charles Schwab
California
$31.3M +$267K +8,471 +1%

CIT Hedge Fund Activity: Q4 2020 in Review

283 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q4 2020, worth a combined $3.36B — up 107% from $1.63B a quarter earlier.

Buyers outnumbered sellers: 93 funds opened new CIT positions and 43 closed out — a net gain of 50 holders — while 54 added to existing stakes and 94 trimmed.

The largest buyer was Palestra Capital Management, opening a new position worth an estimated $114M. The largest seller was First Pacific Advisors, cutting an estimated $111M.

  • 283 institutional investors held CIT Group Inc. (CIT) as of Q4 2020, up from 234 in Q3 2020.
  • Funds reported $3.36B of CIT Group Inc. stock for Q4 2020, up 107% quarter-over-quarter.
  • 93 funds opened new CIT Group Inc. positions in Q4 2020 and 43 closed out, a net change of +50 holders.
  • The largest CIT Group Inc. buyer in Q4 2020 was Palestra Capital Management, an estimated $114M added.
  • The largest CIT Group Inc. seller in Q4 2020 was First Pacific Advisors, an estimated $111M sold.

Based on aggregated 13F filings for Q4 2020.