Fitbit, Inc. Class A common stock
FIT
FIT was delisted on the 13th of January, 2021.
202 hedge funds and large institutions have $599M invested in Fitbit, Inc. Class A common stock in 2017 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 64 increasing their positions, 55 reducing their positions, and 63 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 55
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
12% less capital invested
Capital invested by funds: $684M → $599M (-$85.3M)
16% less funds holding
Funds holding: 240 → 202 (-38)
48% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 63
55% less call options, than puts
Call options by funds: $16.5M | Put options by funds: $36.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$31.9M |
| 2 |
DnB Asset Management
Oslo,
Norway
|
+$29.5M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$26.4M |
| 4 |
SMDAM
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
|
+$26.1M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$25.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRC
Blue Ridge Capital
New York
|
-$28.3M |
| 2 |
Coatue Management
New York
|
-$19.1M |
| 3 |
Morgan Stanley
New York
|
-$12.9M |
| 4 |
RA
Royce & Associates
New York
|
-$9.63M |
| 5 |
MAI
Marble Arch Investments
New York
|
-$9.15M |
FIT Hedge Fund Activity: Q1 2017 in Review
202 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Fitbit, Inc. Class A common stock (FIT) for Q1 2017, worth a combined $599M — down 12% from $684M a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of FIT and 33 opened new positions — a net loss of 30 holders — while 55 trimmed existing stakes and 64 added.
The largest buyer was BlackRock, adding an estimated $31.9M. The largest seller was Blue Ridge Capital, exiting entirely with an estimated $28.3M sold.
- 202 institutional investors held Fitbit, Inc. Class A common stock (FIT) as of Q1 2017, down from 240 in Q4 2016.
- Funds reported $599M of Fitbit, Inc. Class A common stock stock for Q1 2017, down 12% quarter-over-quarter.
- 33 funds opened new Fitbit, Inc. Class A common stock positions in Q1 2017 and 63 closed out, a net change of -30 holders.
- The largest Fitbit, Inc. Class A common stock buyer in Q1 2017 was BlackRock, an estimated $31.9M added.
- The largest Fitbit, Inc. Class A common stock seller in Q1 2017 was Blue Ridge Capital, an estimated $28.3M sold.
Based on aggregated 13F filings for Q1 2017.