Citi Trends
CTRN
64 hedge funds and large institutions have $134M invested in Citi Trends in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 31 reducing their positions, and 27 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less call options, than puts
Call options by funds: $646K | Put options by funds: $679K
4.33% less ownership
Funds ownership: 95.46% → 91.14% (-4.3%)
12% less capital invested
Capital invested by funds: $152M → $134M (-$18M)
24% less funds holding
Funds holding: 84 → 64 (-20)
29% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 31
74% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$8.38M |
| 2 |
F1I
Fund 1 Investments
Rincon,
Puerto Rico
|
+$5.13M |
| 3 |
CCPM
Cooper Creek Partners Management
New York
|
+$3.12M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.04M |
| 5 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$6.56M |
| 2 |
Jennison Associates
New York
|
-$5.46M |
| 3 |
SAM
Soviero Asset Management
New York
|
-$4.18M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$3.45M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$2.52M |
CTRN Hedge Fund Activity: Q2 2023 in Review
64 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Citi Trends (CTRN) for Q2 2023, worth a combined $134M — down 12% from $152M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of CTRN and 7 opened new positions — a net loss of 20 holders — while 31 trimmed existing stakes and 22 added.
The largest buyer was Divisadero Street Capital Management, opening a new position worth an estimated $8.38M. The largest seller was BlackRock, cutting an estimated $6.56M.
- 64 institutional investors held Citi Trends (CTRN) as of Q2 2023, down from 84 in Q1 2023.
- Funds reported $134M of Citi Trends stock for Q2 2023, down 12% quarter-over-quarter.
- 7 funds opened new Citi Trends positions in Q2 2023 and 27 closed out, a net change of -20 holders.
- The largest Citi Trends buyer in Q2 2023 was Divisadero Street Capital Management, an estimated $8.38M added.
- The largest Citi Trends seller in Q2 2023 was BlackRock, an estimated $6.56M sold.
Based on aggregated 13F filings for Q2 2023.