Citi Trends
CTRN
67 hedge funds and large institutions have $178M invested in Citi Trends in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 12 closing their positions.
168% more call options, than puts
Call options by funds: $1.48M | Put options by funds: $553K
33% more capital invested
Capital invested by funds: $134M → $178M (+$43.9M)
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
5% more funds holding
Funds holding: 64 → 67 (+3)
2.25% more ownership
Funds ownership: 91.14% → 93.39% (+2.3%)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
F1I
Fund 1 Investments
Rincon,
Puerto Rico
|
+$10.9M |
| 2 |
Jennison Associates
New York
|
+$2.48M |
| 3 |
First Eagle Investment Management
New York
|
+$2.07M |
| 4 |
BlackRock
New York
|
+$1.87M |
| 5 |
JGC
J. Goldman & Co
New York
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
-$8.59M |
| 2 |
Bank of New York Mellon
New York
|
-$5.14M |
| 3 |
MA
Macellum Advisors
New York
|
-$1.01M |
| 4 |
CCPM
Cooper Creek Partners Management
New York
|
-$819K |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$759K |
CTRN Hedge Fund Activity: Q3 2023 in Review
67 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q3 2023, worth a combined $178M — up 33% from $134M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CTRN positions and 12 closed out — a net gain of 3 holders — while 24 added to existing stakes and 22 trimmed.
The largest buyer was Fund 1 Investments, adding an estimated $10.9M. The largest seller was Divisadero Street Capital Management, exiting entirely with an estimated $8.59M sold.
- 67 institutional investors held Citi Trends (CTRN) as of Q3 2023, up from 64 in Q2 2023.
- Funds reported $178M of Citi Trends stock for Q3 2023, up 33% quarter-over-quarter.
- 15 funds opened new Citi Trends positions in Q3 2023 and 12 closed out, a net change of +3 holders.
- The largest Citi Trends buyer in Q3 2023 was Fund 1 Investments, an estimated $10.9M added.
- The largest Citi Trends seller in Q3 2023 was Divisadero Street Capital Management, an estimated $8.59M sold.
Based on aggregated 13F filings for Q3 2023.