Citi Trends
CTRN
87 hedge funds and large institutions have $126M invested in Citi Trends in 2022 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 30 increasing their positions, 27 reducing their positions, and 25 closing their positions.
113% more call options, than puts
Call options by funds: $3.25M | Put options by funds: $1.52M
11% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8.66% less ownership
Funds ownership: 102.76% → 94.1% (-8.7%)
13% less funds holding
Funds holding: 100 → 87 (-13)
38% less capital invested
Capital invested by funds: $204M → $126M (-$77.6M)
52% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$6.6M |
| 2 |
JP Morgan Chase
New York
|
+$4.95M |
| 3 |
NFAM
North Fourth Asset Management
Englewood Cliffs,
New Jersey
|
+$4.76M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$4.51M |
| 5 |
AIC
AWM Investment Company
New York
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$22.9M |
| 2 |
LFCM
Long Focus Capital Management
San Juan,
Puerto Rico
|
-$4.84M |
| 3 |
Millennium Management
New York
|
-$4.12M |
| 4 |
BlackRock
New York
|
-$3.65M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AI
101
Atom Investors
Austin,
Texas
| – | -$216K | -9,142 | Closed |
|
|
AWM
102
AE Wealth Management
Topeka,
Kansas
| – | -$203K | -8,575 | Closed |
|
|
MIM
103
MetLife Investment Management
Whippany,
New Jersey
| – | -$118K | -5,006 | Closed |
|
104
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$17K | -700 | Closed |
|
|
MLICM
105
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$15.6K | -661 | Closed |
|
106
Lazard Asset Management
New York
| – | -$3K | -142 | Closed |
|
107
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$2K | -102 | Closed |
|
108
Wells Fargo
San Francisco,
California
| – | -$1.97K | -84 | -74% |
|
109
Rockefeller Capital Management
New York
| – | -$328 | -14 | -42% |
|
CTRN Hedge Fund Activity: Q3 2022 in Review
87 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q3 2022, worth a combined $126M — down 38% from $204M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of CTRN and 12 opened new positions — a net loss of 13 holders — while 27 trimmed existing stakes and 30 added.
The largest buyer was Paradigm Capital Management Inc, adding an estimated $6.6M. The largest seller was Victory Capital Management, exiting entirely with an estimated $22.9M sold.
- 87 institutional investors held Citi Trends (CTRN) as of Q3 2022, down from 100 in Q2 2022.
- Funds reported $126M of Citi Trends stock for Q3 2022, down 38% quarter-over-quarter.
- 12 funds opened new Citi Trends positions in Q3 2022 and 25 closed out, a net change of -13 holders.
- The largest Citi Trends buyer in Q3 2022 was Paradigm Capital Management Inc, an estimated $6.6M added.
- The largest Citi Trends seller in Q3 2022 was Victory Capital Management, an estimated $22.9M sold.
Based on aggregated 13F filings for Q3 2022.