CIT Group Inc.
CIT
CIT was delisted on the 3rd of January, 2022.
290 hedge funds and large institutions have $5.14B invested in CIT Group Inc. in 2021 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 94 increasing their positions, 104 reducing their positions, and 30 closing their positions.
17% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 30
9% more funds holding in top 10
Funds holding in top 10: 11 → 12 (+1)
6% more capital invested
Capital invested by funds: $4.86B → $5.14B (+$274M)
0% less funds holding
Funds holding: 291 → 290 (-1)
10% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 104
53% less call options, than puts
Call options by funds: $11.1M | Put options by funds: $23.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$213M |
| 2 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$77.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$55.8M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$42.7M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$27.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
-$143M |
| 2 |
JP Morgan Chase
New York
|
-$30M |
| 3 |
SCC
Spring Creek Capital
Wichita,
Kansas
|
-$25M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$24.4M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$23.8M |
CIT Hedge Fund Activity: Q3 2021 in Review
290 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in CIT Group Inc. (CIT) for Q3 2021, worth a combined $5.14B — up 5.6% from $4.86B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new CIT positions and 30 closed out — a net gain of 5 holders — while 94 added to existing stakes and 104 trimmed.
The largest buyer was UBS O'Connor, adding an estimated $213M. The largest seller was Palestra Capital Management, exiting entirely with an estimated $143M sold.
- 290 institutional investors held CIT Group Inc. (CIT) as of Q3 2021, down from 291 in Q2 2021.
- Funds reported $5.14B of CIT Group Inc. stock for Q3 2021, up 5.6% quarter-over-quarter.
- 35 funds opened new CIT Group Inc. positions in Q3 2021 and 30 closed out, a net change of +5 holders.
- The largest CIT Group Inc. buyer in Q3 2021 was UBS O'Connor, an estimated $213M added.
- The largest CIT Group Inc. seller in Q3 2021 was Palestra Capital Management, an estimated $143M sold.
Based on aggregated 13F filings for Q3 2021.