Citi Trends
CTRN
115 hedge funds and large institutions have $323M invested in Citi Trends in 2017 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 36 increasing their positions, 38 reducing their positions, and 8 closing their positions.
300% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 8
37% more capital invested
Capital invested by funds: $236M → $323M (+$86.9M)
26% more funds holding
Funds holding: 91 → 115 (+24)
2.37% more ownership
Funds ownership: 86.45% → 88.82% (+2.4%)
5% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 38
23% less call options, than puts
Call options by funds: $1.3M | Put options by funds: $1.68M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$4.63M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$4.5M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$3.96M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$3.84M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$3.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$23.1M |
| 2 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$4.64M |
| 3 |
AG
Algert Global
San Francisco,
California
|
-$3.51M |
| 4 |
AF
Aegis Financial
Mc Lean,
Virginia
|
-$2.61M |
| 5 |
Renaissance Technologies
New York
|
-$2.21M |
CTRN Hedge Fund Activity: Q4 2017 in Review
115 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q4 2017, worth a combined $323M — up 37% from $236M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new CTRN positions and 8 closed out — a net gain of 24 holders — while 36 added to existing stakes and 38 trimmed.
The largest buyer was BlackRock, adding an estimated $4.63M. The largest seller was Fidelity Investments, exiting entirely with an estimated $23.1M sold.
- 115 institutional investors held Citi Trends (CTRN) as of Q4 2017, up from 91 in Q3 2017.
- Funds reported $323M of Citi Trends stock for Q4 2017, up 37% quarter-over-quarter.
- 32 funds opened new Citi Trends positions in Q4 2017 and 8 closed out, a net change of +24 holders.
- The largest Citi Trends buyer in Q4 2017 was BlackRock, an estimated $4.63M added.
- The largest Citi Trends seller in Q4 2017 was Fidelity Investments, an estimated $23.1M sold.
Based on aggregated 13F filings for Q4 2017.