Citi Trends
CTRN
135 hedge funds and large institutions have $311M invested in Citi Trends in 2022 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 56 increasing their positions, 42 reducing their positions, and 47 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
33% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 42
3.24% more ownership
Funds ownership: 116.09% → 119.32% (+3.2%)
14% less funds holding
Funds holding: 157 → 135 (-22)
47% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 47
67% less capital invested
Capital invested by funds: $933M → $311M (-$622M)
77% less call options, than puts
Call options by funds: $2.27M | Put options by funds: $9.75M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$36.2M |
| 2 |
SAM
Soviero Asset Management
New York
|
+$23.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.79M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$5.55M |
| 5 |
SCP
Sender Company & Partners
New York
|
+$5.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$26.1M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$20M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$19.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$15.7M |
| 5 |
Goldman Sachs
New York
|
-$10.7M |
CTRN Hedge Fund Activity: Q1 2022 in Review
135 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q1 2022, worth a combined $311M — down 67% from $933M a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of CTRN and 25 opened new positions — a net loss of 22 holders — while 42 trimmed existing stakes and 56 added.
The largest buyer was AllianceBernstein, adding an estimated $36.2M. The largest seller was Fred Alger Management, exiting entirely with an estimated $26.1M sold.
- 135 institutional investors held Citi Trends (CTRN) as of Q1 2022, down from 157 in Q4 2021.
- Funds reported $311M of Citi Trends stock for Q1 2022, down 67% quarter-over-quarter.
- 25 funds opened new Citi Trends positions in Q1 2022 and 47 closed out, a net change of -22 holders.
- The largest Citi Trends buyer in Q1 2022 was AllianceBernstein, an estimated $36.2M added.
- The largest Citi Trends seller in Q1 2022 was Fred Alger Management, an estimated $26.1M sold.
Based on aggregated 13F filings for Q1 2022.