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Citi Trends
CTRN

82 hedge funds and large institutions have $231M invested in Citi Trends in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 31 increasing their positions, 29 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 29

5% less capital invested

Capital invested by funds: $242M → $231M (-$11.2M)

4% less funds holding

Funds holding: 85 → 82 (-3)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
82
Holders Change
-3
Holders Change %
-3.53%
% of All Funds
2.37%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
31
Reduced
29
Closed
11
Calls
$163K
Puts
–
Net Calls
+$163K
Net Calls Change
+$168K

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$5.17M
2
PC
Pier Capital
Connecticut
+$3.76M
3
NC
Northpointe Capital
Michigan
+$1.4M
4
Charles Schwab
Charles Schwab
California
+$1.22M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$742K

Top Sellers

Rank Fund Capital Flow
1
NCM
Nantahala Capital Management
Connecticut
-$5.2M
2
JP Morgan Chase
JP Morgan Chase
New York
-$1.59M
3
RFC
Russell Frank Company
Washington
-$1.45M
4
RCM
Rutabaga Capital Management
Massachusetts
-$1.33M
5
SCM
Signia Capital Management
Washington
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
76
Evercore Wealth Management
New York
$16K – – –
Barclays
77
Barclays
United Kingdom
$10K -$109K -6,607 -92%
BlackRock
78
BlackRock
New York
$8K – – –
U
79
UBS
Switzerland
$5K – – –
Bank of America
80
Bank of America
North Carolina
$1K -$40.7K -2,464 -97%
Manulife (Manufacturers Life Insurance)
81
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$209 +$3.83K +232 +2%
JP Morgan Chase
82
JP Morgan Chase
New York
– -$1.59M -93,317 Closed
Jacobs Levy Equity Management
83
Jacobs Levy Equity Management
New Jersey
– -$942K -55,386 Closed
KCM
84
Kennedy Capital Management
Missouri
– -$806K -47,386 Closed
CAM
85
ClariVest Asset Management
California
– -$530K -31,178 Closed
NI
86
Numeric Investors
Massachusetts
– -$466K -27,438 Closed
Millennium Management
87
Millennium Management
New York
– -$431K -25,346 Closed
CMBA
88
C.M. Bidwell & Associates
Hawaii
– -$343K -20,180 Closed
TC
89
TFS Capital
Pennsylvania
– -$268K -15,774 Closed
HHC
90
Hutchin Hill Capital
New York
– -$187K -11,000 Closed
TRCT
91
Tower Research Capital (TRC)
New York
– -$10K -580 Closed
BNP Paribas Financial Markets
92
BNP Paribas Financial Markets
France
– -$3.4K -200 Closed
1 2 3
4

CTRN Hedge Fund Activity: Q1 2014 in Review

82 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q1 2014, worth a combined $231M — down 4.6% from $242M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of CTRN and 9 opened new positions — a net loss of 2 holders — while 29 trimmed existing stakes and 31 added.

The largest buyer was Ameriprise, opening a new position worth an estimated $5.17M. The largest seller was Nantahala Capital Management, cutting an estimated $5.2M.

  • 82 institutional investors held Citi Trends (CTRN) as of Q1 2014, down from 85 in Q4 2013.
  • Funds reported $231M of Citi Trends stock for Q1 2014, down 4.6% quarter-over-quarter.
  • 9 funds opened new Citi Trends positions in Q1 2014 and 11 closed out, a net change of -2 holders.
  • The largest Citi Trends buyer in Q1 2014 was Ameriprise, an estimated $5.17M added.
  • The largest Citi Trends seller in Q1 2014 was Nantahala Capital Management, an estimated $5.2M sold.

Based on aggregated 13F filings for Q1 2014.