Citi Trends
CTRN
85 hedge funds and large institutions have $242M invested in Citi Trends in 2013 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 32 increasing their positions, 27 reducing their positions, and 12 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 27
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less capital invested
Capital invested by funds: $248M → $242M (-$5.23M)
5% less call options, than puts
Call options by funds: $95K | Put options by funds: $100K
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
1% less funds holding
Funds holding: 86 → 85 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.47M |
| 2 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$3.16M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.38M |
| 4 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
+$1.59M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Pier Capital
Stamford,
Connecticut
|
-$6.83M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.09M |
| 3 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$2.45M |
| 4 |
EI
EAM Investors
Solana Beach,
California
|
-$1.75M |
| 5 |
WC
Wexford Capital
West Palm Beach,
Florida
|
-$1.17M |
CTRN Hedge Fund Activity: Q4 2013 in Review
85 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q4 2013, worth a combined $242M — down 2.1% from $248M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of CTRN and 11 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 32 added.
The largest buyer was Morgan Stanley, adding an estimated $3.47M. The largest seller was Pier Capital, exiting entirely with an estimated $6.83M sold.
- 85 institutional investors held Citi Trends (CTRN) as of Q4 2013, down from 86 in Q3 2013.
- Funds reported $242M of Citi Trends stock for Q4 2013, down 2.1% quarter-over-quarter.
- 11 funds opened new Citi Trends positions in Q4 2013 and 12 closed out, a net change of -1 holder.
- The largest Citi Trends buyer in Q4 2013 was Morgan Stanley, an estimated $3.47M added.
- The largest Citi Trends seller in Q4 2013 was Pier Capital, an estimated $6.83M sold.
Based on aggregated 13F filings for Q4 2013.