Citi Trends
CTRN
84 hedge funds and large institutions have $152M invested in Citi Trends in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 33 increasing their positions, 24 reducing their positions, and 19 closing their positions.
46% more call options, than puts
Call options by funds: $2.5M | Put options by funds: $1.71M
38% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 24
4.55% more ownership
Funds ownership: 90.91% → 95.46% (+4.6%)
5% less funds holding
Funds holding: 88 → 84 (-4)
19% less capital invested
Capital invested by funds: $188M → $152M (-$36.3M)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$10.5M |
| 2 |
CCPM
Cooper Creek Partners Management
New York
|
+$4.95M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$2.69M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.16M |
| 5 |
NFAM
North Fourth Asset Management
Englewood Cliffs,
New Jersey
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$7.67M |
| 2 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
-$6.66M |
| 3 |
Millennium Management
New York
|
-$2.42M |
| 4 |
CM
Castleark Management
Chicago,
Illinois
|
-$1.75M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.71M |
CTRN Hedge Fund Activity: Q1 2023 in Review
84 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q1 2023, worth a combined $152M — down 19% from $188M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of CTRN and 15 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 33 added.
The largest buyer was Bank of New York Mellon, adding an estimated $10.5M. The largest seller was Federated Hermes, cutting an estimated $7.67M.
- 84 institutional investors held Citi Trends (CTRN) as of Q1 2023, down from 88 in Q4 2022.
- Funds reported $152M of Citi Trends stock for Q1 2023, down 19% quarter-over-quarter.
- 15 funds opened new Citi Trends positions in Q1 2023 and 19 closed out, a net change of -4 holders.
- The largest Citi Trends buyer in Q1 2023 was Bank of New York Mellon, an estimated $10.5M added.
- The largest Citi Trends seller in Q1 2023 was Federated Hermes, an estimated $7.67M sold.
Based on aggregated 13F filings for Q1 2023.