Cintas
CTAS
801 hedge funds and large institutions have $22.6B invested in Cintas in 2020 Q3 according to their latest regulatory filings, with 100 funds opening new positions, 261 increasing their positions, 304 reducing their positions, and 55 closing their positions.
82% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 55
43% more funds holding in top 10
Funds holding in top 10: 14 → 20 (+6)
25% more capital invested
Capital invested by funds: $18.1B → $22.6B (+$4.52B)
5% more funds holding
Funds holding: 760 → 801 (+41)
3.15% less ownership
Funds ownership: 260.8% → 257.65% (-3.2%)
13% less call options, than puts
Call options by funds: $95.7M | Put options by funds: $110M
14% less repeat investments, than reductions
Existing positions increased: 261 | Existing positions reduced: 304
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$123M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$97.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$81.7M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$65.7M |
| 5 |
Alkeon Capital Management
New York
|
+$49.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
-$88.2M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$58.1M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$56.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$49.4M |
| 5 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$45.4M |
CTAS Hedge Fund Activity: Q3 2020 in Review
801 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Cintas (CTAS) for Q3 2020, worth a combined $22.6B — up 25% from $18.1B a quarter earlier.
Buyers outnumbered sellers: 100 funds opened new CTAS positions and 55 closed out — a net gain of 45 holders — while 261 added to existing stakes and 304 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $123M. The largest seller was Congress Asset Management, cutting an estimated $88.2M.
- 801 institutional investors held Cintas (CTAS) as of Q3 2020, up from 760 in Q2 2020.
- Funds reported $22.6B of Cintas stock for Q3 2020, up 25% quarter-over-quarter.
- 100 funds opened new Cintas positions in Q3 2020 and 55 closed out, a net change of +45 holders.
- The largest Cintas buyer in Q3 2020 was Fidelity Investments, an estimated $123M added.
- The largest Cintas seller in Q3 2020 was Congress Asset Management, an estimated $88.2M sold.
Based on aggregated 13F filings for Q3 2020.