Fitbit, Inc. Class A common stock
FIT
FIT was delisted on the 13th of January, 2021.
204 hedge funds and large institutions have $1.47B invested in Fitbit, Inc. Class A common stock in 2020 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 68 increasing their positions, 62 reducing their positions, and 36 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 62
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less funds holding
Funds holding: 215 → 204 (-11)
6% less capital invested
Capital invested by funds: $1.57B → $1.47B (-$94.3M)
14% less call options, than puts
Call options by funds: $72.6M | Put options by funds: $84.6M
31% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$23.8M |
| 2 |
Millennium Management
New York
|
+$21.7M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$20.8M |
| 4 |
MAM
Melqart Asset Management
London,
United Kingdom
|
+$15.5M |
| 5 |
Renaissance Technologies
New York
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
IndexIQ Advisors
New York
|
-$30.7M |
| 2 |
PCM
Pentwater Capital Management
Naples,
Florida
|
-$25.2M |
| 3 |
SCM
Segantii Capital Management
Hong Kong
|
-$24M |
| 4 |
Coatue Management
New York
|
-$22.1M |
| 5 |
FFH
Fairfax Financial Holdings
Toronto,
Ontario, Canada
|
-$15M |
FIT Hedge Fund Activity: Q4 2020 in Review
204 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Fitbit, Inc. Class A common stock (FIT) for Q4 2020, worth a combined $1.47B — down 6% from $1.57B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of FIT and 25 opened new positions — a net loss of 11 holders — while 62 trimmed existing stakes and 68 added.
The largest buyer was Balyasny Asset Management, adding an estimated $23.8M. The largest seller was IndexIQ Advisors, exiting entirely with an estimated $30.7M sold.
- 204 institutional investors held Fitbit, Inc. Class A common stock (FIT) as of Q4 2020, down from 215 in Q3 2020.
- Funds reported $1.47B of Fitbit, Inc. Class A common stock stock for Q4 2020, down 6% quarter-over-quarter.
- 25 funds opened new Fitbit, Inc. Class A common stock positions in Q4 2020 and 36 closed out, a net change of -11 holders.
- The largest Fitbit, Inc. Class A common stock buyer in Q4 2020 was Balyasny Asset Management, an estimated $23.8M added.
- The largest Fitbit, Inc. Class A common stock seller in Q4 2020 was IndexIQ Advisors, an estimated $30.7M sold.
Based on aggregated 13F filings for Q4 2020.