Citi Trends
CTRN
147 hedge funds and large institutions have $717M invested in Citi Trends in 2021 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 36 increasing their positions, 52 reducing their positions, and 11 closing their positions.
400% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 11
82% more call options, than puts
Call options by funds: $11.5M | Put options by funds: $6.33M
61% more capital invested
Capital invested by funds: $446M → $717M (+$271M)
43% more funds holding
Funds holding: 103 → 147 (+44)
4.07% less ownership
Funds ownership: 88.53% → 84.46% (-4.1%)
31% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 52
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$31.1M |
| 2 |
Goldman Sachs
New York
|
+$19M |
| 3 |
HGM
Highside Global Management
Dallas,
Texas
|
+$10.9M |
| 4 |
Two Sigma Investments
New York
|
+$8.3M |
| 5 |
Charles Schwab
San Francisco,
California
|
+$6.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$29M |
| 2 |
JGC
J. Goldman & Co
New York
|
-$24.9M |
| 3 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$13.5M |
| 4 |
SCM
Stormborn Capital Management
Greenwich,
Connecticut
|
-$12.1M |
| 5 |
CCPM
Cooper Creek Partners Management
New York
|
-$11.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QSS
151
Quantitative Systematic Strategies
Ponte Vedra Beach,
Florida
| – | -$1.81M | -36,481 | Closed |
|
152
Rockefeller Capital Management
New York
| – | -$975K | -20,080 | Closed |
|
|
WCM
153
Weld Capital Management
New York
| – | -$391K | -7,864 | Closed |
|
|
OAM
154
Oppenheimer Asset Management
New York
| – | -$272K | -5,478 | Closed |
|
|
GECH
155
Garnet Equity Capital Holdings
New York
| – | -$235K | -4,737 | Closed |
|
|
ASN
156
Advisory Services Network
Atlanta,
Georgia
| – | -$10K | -210 | Closed |
|
|
FPW
157
Flagship Private Wealth
Woburn,
Massachusetts
| – | -$11.9K | -200 | Closed |
|
|
PWPS
158
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$1K | -12 | Closed |
|
CTRN Hedge Fund Activity: Q1 2021 in Review
147 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q1 2021, worth a combined $717M — up 61% from $446M a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new CTRN positions and 11 closed out — a net gain of 44 holders — while 36 added to existing stakes and 52 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $31.1M. The largest seller was AllianceBernstein, cutting an estimated $29M.
- 147 institutional investors held Citi Trends (CTRN) as of Q1 2021, up from 103 in Q4 2020.
- Funds reported $717M of Citi Trends stock for Q1 2021, up 61% quarter-over-quarter.
- 55 funds opened new Citi Trends positions in Q1 2021 and 11 closed out, a net change of +44 holders.
- The largest Citi Trends buyer in Q1 2021 was Millennium Management, an estimated $31.1M added.
- The largest Citi Trends seller in Q1 2021 was AllianceBernstein, an estimated $29M sold.
Based on aggregated 13F filings for Q1 2021.