Fitbit, Inc. Class A common stock
FIT
FIT was delisted on the 13th of January, 2021.
182 hedge funds and large institutions have $566M invested in Fitbit, Inc. Class A common stock in 2019 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 59 increasing their positions, 42 reducing their positions, and 36 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 42
40% more call options, than puts
Call options by funds: $11.3M | Put options by funds: $8.06M
5% less funds holding
Funds holding: 191 → 182 (-9)
14% less capital invested
Capital invested by funds: $655M → $566M (-$88.4M)
22% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DnB Asset Management
Oslo,
Norway
|
+$12.4M |
| 2 |
Millennium Management
New York
|
+$8.77M |
| 3 |
Skandinaviska Enskilda Banken (SEB)
Stockholm,
Sweden
|
+$4.92M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$3.96M |
| 5 |
CCPM
Cooper Creek Partners Management
New York
|
+$2.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$15.2M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$7.24M |
| 3 |
Renaissance Technologies
New York
|
-$6.93M |
| 4 |
BlackRock
New York
|
-$5.7M |
| 5 |
BG
Bellevue Group
Kuesnacht,
Switzerland
|
-$3.85M |
FIT Hedge Fund Activity: Q3 2019 in Review
182 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Fitbit, Inc. Class A common stock (FIT) for Q3 2019, worth a combined $566M — down 14% from $655M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of FIT and 28 opened new positions — a net loss of 8 holders — while 42 trimmed existing stakes and 59 added.
The largest buyer was DnB Asset Management, adding an estimated $12.4M. The largest seller was Artemis Investment Management, exiting entirely with an estimated $15.2M sold.
- 182 institutional investors held Fitbit, Inc. Class A common stock (FIT) as of Q3 2019, down from 191 in Q2 2019.
- Funds reported $566M of Fitbit, Inc. Class A common stock stock for Q3 2019, down 14% quarter-over-quarter.
- 28 funds opened new Fitbit, Inc. Class A common stock positions in Q3 2019 and 36 closed out, a net change of -8 holders.
- The largest Fitbit, Inc. Class A common stock buyer in Q3 2019 was DnB Asset Management, an estimated $12.4M added.
- The largest Fitbit, Inc. Class A common stock seller in Q3 2019 was Artemis Investment Management, an estimated $15.2M sold.
Based on aggregated 13F filings for Q3 2019.