Fitbit, Inc. Class A common stock
FIT
FIT was delisted on the 13th of January, 2021.
211 hedge funds and large institutions have $1.41B invested in Fitbit, Inc. Class A common stock in 2020 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 65 increasing their positions, 60 reducing their positions, and 49 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
8% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 60
4% more capital invested
Capital invested by funds: $1.36B → $1.41B (+$54.4M)
7% less funds holding
Funds holding: 226 → 211 (-15)
24% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 49
59% less call options, than puts
Call options by funds: $54.5M | Put options by funds: $132M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$28.1M |
| 2 |
JP Morgan Chase
New York
|
+$23.3M |
| 3 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$23M |
| 4 |
Coatue Management
New York
|
+$20.6M |
| 5 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$20.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$41.6M |
| 2 |
Citigroup
New York
|
-$16.3M |
| 3 |
Renaissance Technologies
New York
|
-$15.1M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$12.9M |
| 5 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$7.81M |
FIT Hedge Fund Activity: Q1 2020 in Review
211 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Fitbit, Inc. Class A common stock (FIT) for Q1 2020, worth a combined $1.41B — up 4% from $1.36B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of FIT and 37 opened new positions — a net loss of 12 holders — while 60 trimmed existing stakes and 65 added.
The largest buyer was UBS O'Connor, opening a new position worth an estimated $28.1M. The largest seller was AQR Arbitrage, cutting an estimated $41.6M.
- 211 institutional investors held Fitbit, Inc. Class A common stock (FIT) as of Q1 2020, down from 226 in Q4 2019.
- Funds reported $1.41B of Fitbit, Inc. Class A common stock stock for Q1 2020, up 4% quarter-over-quarter.
- 37 funds opened new Fitbit, Inc. Class A common stock positions in Q1 2020 and 49 closed out, a net change of -12 holders.
- The largest Fitbit, Inc. Class A common stock buyer in Q1 2020 was UBS O'Connor, an estimated $28.1M added.
- The largest Fitbit, Inc. Class A common stock seller in Q1 2020 was AQR Arbitrage, an estimated $41.6M sold.
Based on aggregated 13F filings for Q1 2020.