Fitbit, Inc. Class A common stock
FIT
FIT was delisted on the 13th of January, 2021.
271 hedge funds and large institutions have $1.63B invested in Fitbit, Inc. Class A common stock in 2016 Q3 according to their latest regulatory filings, with 71 funds opening new positions, 98 increasing their positions, 60 reducing their positions, and 36 closing their positions.
97% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 36
63% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 60
52% more call options, than puts
Call options by funds: $232M | Put options by funds: $153M
46% more capital invested
Capital invested by funds: $1.12B → $1.63B (+$515M)
14% more funds holding
Funds holding: 237 → 271 (+34)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$52.9M |
| 2 |
HMP
HS Management Partners
New York
|
+$39.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$36.4M |
| 4 |
CAM
Contour Asset Management
New York
|
+$31.1M |
| 5 |
PA
Pinnacle Associates
New York
|
+$28.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$142M |
| 2 |
GAM
Gotham Asset Management
New York
|
-$44.5M |
| 3 |
BTP
Bloom Tree Partners
New York
|
-$23.8M |
| 4 |
1WCM
12 West Capital Management
New York
|
-$17.9M |
| 5 |
QI
Qualcomm Inc
San Diego,
California
|
-$14.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
301
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$5K | -394 | Closed |
|
|
TFA
302
Transamerica Financial Advisors
St. Petersburg,
Florida
| – | -$1K | -1 | Closed |
|
|
BCI
303
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | +$117 | +8 | New |
|
FIT Hedge Fund Activity: Q3 2016 in Review
271 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Fitbit, Inc. Class A common stock (FIT) for Q3 2016, worth a combined $1.63B — up 46% from $1.12B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new FIT positions and 36 closed out — a net gain of 35 holders — while 98 added to existing stakes and 60 trimmed.
The largest buyer was Systematic Financial Management, opening a new position worth an estimated $52.9M. The largest seller was Fidelity Investments, cutting an estimated $142M.
- 271 institutional investors held Fitbit, Inc. Class A common stock (FIT) as of Q3 2016, up from 237 in Q2 2016.
- Funds reported $1.63B of Fitbit, Inc. Class A common stock stock for Q3 2016, up 46% quarter-over-quarter.
- 71 funds opened new Fitbit, Inc. Class A common stock positions in Q3 2016 and 36 closed out, a net change of +35 holders.
- The largest Fitbit, Inc. Class A common stock buyer in Q3 2016 was Systematic Financial Management, an estimated $52.9M added.
- The largest Fitbit, Inc. Class A common stock seller in Q3 2016 was Fidelity Investments, an estimated $142M sold.
Based on aggregated 13F filings for Q3 2016.