Fitbit, Inc. Class A common stock
FIT
FIT was delisted on the 13th of January, 2021.
204 hedge funds and large institutions have $1.48B invested in Fitbit, Inc. Class A common stock in 2020 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 67 increasing their positions, 63 reducing their positions, and 36 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 63
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less funds holding
Funds holding: 215 → 204 (-11)
7% less capital invested
Capital invested by funds: $1.58B → $1.48B (-$103M)
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 5,676 institutional investors tracked by Wall St. Rank reported a position in Fitbit, Inc. Class A common stock (FIT) for Q4 2020, worth a combined $1.48B — down 6.5% from $1.58B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of FIT and 25 opened new positions — a net loss of 11 holders — while 63 trimmed existing stakes and 67 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 $1.48B of Fitbit, Inc. Class A common stock stock for Q4 2020, down 6.5% 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.