Fitbit, Inc. Class A common stock
FIT
FIT was delisted on the 13th of January, 2021.
191 hedge funds and large institutions have $655M invested in Fitbit, Inc. Class A common stock in 2019 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 62 increasing their positions, 50 reducing their positions, and 46 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 50
6% more call options, than puts
Call options by funds: $9.83M | Put options by funds: $9.31M
16% less funds holding
Funds holding: 227 → 191 (-36)
27% less capital invested
Capital invested by funds: $900M → $655M (-$245M)
70% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DnB Asset Management
Oslo,
Norway
|
+$31.2M |
| 2 |
BlackRock
New York
|
+$29M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.14M |
| 4 |
Renaissance Technologies
New York
|
+$5.66M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$23.9M |
| 2 |
Two Sigma Investments
New York
|
-$11M |
| 3 |
SIM
Spark Investment Management
New York
|
-$9.95M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$7.1M |
| 5 |
Goldman Sachs
New York
|
-$6.73M |
FIT Hedge Fund Activity: Q2 2019 in Review
191 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Fitbit, Inc. Class A common stock (FIT) for Q2 2019, worth a combined $655M — down 27% from $900M a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of FIT and 14 opened new positions — a net loss of 32 holders — while 50 trimmed existing stakes and 62 added.
The largest buyer was DnB Asset Management, adding an estimated $31.2M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $23.9M sold.
- 191 institutional investors held Fitbit, Inc. Class A common stock (FIT) as of Q2 2019, down from 227 in Q1 2019.
- Funds reported $655M of Fitbit, Inc. Class A common stock stock for Q2 2019, down 27% quarter-over-quarter.
- 14 funds opened new Fitbit, Inc. Class A common stock positions in Q2 2019 and 46 closed out, a net change of -32 holders.
- The largest Fitbit, Inc. Class A common stock buyer in Q2 2019 was DnB Asset Management, an estimated $31.2M added.
- The largest Fitbit, Inc. Class A common stock seller in Q2 2019 was Arrowstreet Capital, an estimated $23.9M sold.
Based on aggregated 13F filings for Q2 2019.