Fitbit, Inc. Class A common stock
FIT
FIT was delisted on the 13th of January, 2021.
206 hedge funds and large institutions have $1.49B invested in Fitbit, Inc. Class A common stock in 2020 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 64 increasing their positions, 57 reducing their positions, and 36 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
12% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 57
6% more capital invested
Capital invested by funds: $1.41B → $1.49B (+$80.1M)
6% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 36
2% less funds holding
Funds holding: 211 → 206 (-5)
49% less call options, than puts
Call options by funds: $53.4M | Put options by funds: $106M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$27.9M |
| 2 |
Morgan Stanley
New York
|
+$25.1M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$18.8M |
| 4 |
VI
Versor Investments
New York
|
+$16.8M |
| 5 |
BlackRock
New York
|
+$13.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$31.5M |
| 2 |
JP Morgan Chase
New York
|
-$29M |
| 3 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
-$9.06M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$7.92M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$7.79M |
FIT Hedge Fund Activity: Q2 2020 in Review
206 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Fitbit, Inc. Class A common stock (FIT) for Q2 2020, worth a combined $1.49B — up 5.7% from $1.41B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of FIT and 34 opened new positions — a net loss of 2 holders — while 57 trimmed existing stakes and 64 added.
The largest buyer was Renaissance Technologies, adding an estimated $27.9M. The largest seller was Citigroup, cutting an estimated $31.5M.
- 206 institutional investors held Fitbit, Inc. Class A common stock (FIT) as of Q2 2020, down from 211 in Q1 2020.
- Funds reported $1.49B of Fitbit, Inc. Class A common stock stock for Q2 2020, up 5.7% quarter-over-quarter.
- 34 funds opened new Fitbit, Inc. Class A common stock positions in Q2 2020 and 36 closed out, a net change of -2 holders.
- The largest Fitbit, Inc. Class A common stock buyer in Q2 2020 was Renaissance Technologies, an estimated $27.9M added.
- The largest Fitbit, Inc. Class A common stock seller in Q2 2020 was Citigroup, an estimated $31.5M sold.
Based on aggregated 13F filings for Q2 2020.