Citi Trends
CTRN
95 hedge funds and large institutions have $251M invested in Citi Trends in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 37 increasing their positions, 33 reducing their positions, and 12 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 33
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 98 → 95 (-3)
17% less capital invested
Capital invested by funds: $305M → $251M (-$53.3M)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$4.49M |
| 2 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$3.36M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$1.96M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$962K |
| 5 |
RA
Royce & Associates
New York
|
+$935K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$3.58M |
| 2 |
State Street
Boston,
Massachusetts
|
-$2.29M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.6M |
| 4 |
Millennium Management
New York
|
-$1.37M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$1.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Morgan Stanley
New York
| – | -$242K | -11,364 | Closed |
|
|
GCP
102
GSA Capital Partners
London,
United Kingdom
| – | -$227K | -10,695 | Closed |
|
103
BNP Paribas Financial Markets
Paris,
France
| – | -$62.6K | -2,948 | Closed |
|
104
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$28K | -1,300 | Closed |
|
105
UBS Group
Zurich,
Switzerland
| – | -$27K | -1,261 | Closed |
|
106
Simplex Trading
Chicago,
Illinois
| – | -$4K | -230 | Closed |
|
CTRN Hedge Fund Activity: Q1 2016 in Review
95 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q1 2016, worth a combined $251M — down 17% from $305M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of CTRN and 9 opened new positions — a net loss of 3 holders — while 33 trimmed existing stakes and 37 added.
The largest buyer was Nantahala Capital Management, adding an estimated $4.49M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $3.58M sold.
- 95 institutional investors held Citi Trends (CTRN) as of Q1 2016, down from 98 in Q4 2015.
- Funds reported $251M of Citi Trends stock for Q1 2016, down 17% quarter-over-quarter.
- 9 funds opened new Citi Trends positions in Q1 2016 and 12 closed out, a net change of -3 holders.
- The largest Citi Trends buyer in Q1 2016 was Nantahala Capital Management, an estimated $4.49M added.
- The largest Citi Trends seller in Q1 2016 was JP Morgan Chase, an estimated $3.58M sold.
Based on aggregated 13F filings for Q1 2016.