Fitbit, Inc. Class A common stock
FIT
FIT was delisted on the 13th of January, 2021.
216 hedge funds and large institutions have $1.1B invested in Fitbit, Inc. Class A common stock in 2016 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 69 increasing their positions, 46 reducing their positions, and 72 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 46
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
36% more call options, than puts
Call options by funds: $81.3M | Put options by funds: $59.9M
10% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 72
1% more funds holding
Funds holding: 214 → 216 (+2)
44% less capital invested
Capital invested by funds: $1.96B → $1.1B (-$862M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$167M |
| 2 |
SRFM
Shannon River Fund Management
New York
|
+$38.9M |
| 3 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$38M |
| 4 |
BTP
Bloom Tree Partners
New York
|
+$31M |
| 5 |
1WCM
12 West Capital Management
New York
|
+$23.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$405M |
| 2 |
MAI
Marble Arch Investments
New York
|
-$29.6M |
| 3 |
JP Morgan Chase
New York
|
-$24M |
| 4 |
SVGI
Sapphire Ventures (GPE) I
Palo Alto,
California
|
-$17.9M |
| 5 |
ZDA
Zweig-DiMenna Associates
New York
|
-$16.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
YL
276
YCG LLC
Austin,
Texas
| – | -$3K | -100 | Closed |
|
277
AssetMark Inc
Concord,
California
| – | -$1.22K | -77 | -95% |
|
|
MPWT
278
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$1.14K | -72 | Closed |
|
|
AIA
279
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$2K | -70 | Closed |
|
|
GWM
280
Gupta Wealth Management
San Diego,
California
| – | -$2K | -55 | Closed |
|
|
BCI
281
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$1K | -31 | Closed |
|
|
IF
282
Ironwood Financial
Tucson,
Arizona
| – | +$476 | +30 | New |
|
FIT Hedge Fund Activity: Q1 2016 in Review
216 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Fitbit, Inc. Class A common stock (FIT) for Q1 2016, worth a combined $1.1B — down 44% from $1.96B a quarter earlier.
Buyers outnumbered sellers: 79 funds opened new FIT positions and 72 closed out — a net gain of 7 holders — while 69 added to existing stakes and 46 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $167M. The largest seller was Ameriprise, exiting entirely with an estimated $405M sold.
- 216 institutional investors held Fitbit, Inc. Class A common stock (FIT) as of Q1 2016, up from 214 in Q4 2015.
- Funds reported $1.1B of Fitbit, Inc. Class A common stock stock for Q1 2016, down 44% quarter-over-quarter.
- 79 funds opened new Fitbit, Inc. Class A common stock positions in Q1 2016 and 72 closed out, a net change of +7 holders.
- The largest Fitbit, Inc. Class A common stock buyer in Q1 2016 was Fidelity Investments, an estimated $167M added.
- The largest Fitbit, Inc. Class A common stock seller in Q1 2016 was Ameriprise, an estimated $405M sold.
Based on aggregated 13F filings for Q1 2016.