Citi Trends
CTRN
98 hedge funds and large institutions have $305M invested in Citi Trends in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 44 reducing their positions, and 33 closing their positions.
11% less capital invested
Capital invested by funds: $343M → $305M (-$38.7M)
20% less funds holding
Funds holding: 122 → 98 (-24)
39% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 44
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
73% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$17.2M |
| 2 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
+$17.1M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$9.55M |
| 4 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$7.48M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$9.23M |
| 2 |
Millennium Management
New York
|
-$5.39M |
| 3 |
LCM
Lomas Capital Management
New York
|
-$5.38M |
| 4 |
Renaissance Technologies
New York
|
-$4.58M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FQ
126
First Quadrant
Glendale,
California
| – | -$166K | -7,100 | Closed |
|
127
SG Americas Securities
New York
| – | -$137K | -5,874 | Closed |
|
128
Barclays
London,
United Kingdom
| – | -$101K | -4,371 | Closed |
|
129
Walleye Trading
New York
| – | -$91K | -3,900 | Closed |
|
|
CCMH
130
Cornerstone Capital Management Holdings
New York
| – | -$12K | -500 | Closed |
|
CTRN Hedge Fund Activity: Q4 2015 in Review
98 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q4 2015, worth a combined $305M — down 11% from $343M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of CTRN and 9 opened new positions — a net loss of 24 holders — while 44 trimmed existing stakes and 27 added.
The largest buyer was Paradigm Capital Management Inc, adding an estimated $17.2M. The largest seller was Massachusetts Financial Services, cutting an estimated $9.23M.
- 98 institutional investors held Citi Trends (CTRN) as of Q4 2015, down from 122 in Q3 2015.
- Funds reported $305M of Citi Trends stock for Q4 2015, down 11% quarter-over-quarter.
- 9 funds opened new Citi Trends positions in Q4 2015 and 33 closed out, a net change of -24 holders.
- The largest Citi Trends buyer in Q4 2015 was Paradigm Capital Management Inc, an estimated $17.2M added.
- The largest Citi Trends seller in Q4 2015 was Massachusetts Financial Services, an estimated $9.23M sold.
Based on aggregated 13F filings for Q4 2015.