Boothbay Fund Management Reduces Stake in Citizens Financial Group

The institutional investor sold over 30,000 shares of the bank's stock in the third quarter.

Mar. 17, 2026 at 7:24am

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Boothbay Fund Management LLC lowered its stake in shares of Citizens Financial Group, Inc. (NYSE:CFG) by 32.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,676 shares of the bank's stock after selling 30,394 shares during the period.

Why it matters

This filing provides insight into the investment decisions of Boothbay Fund Management, a prominent institutional investor. The reduction in their Citizens Financial Group holdings could signal a shift in their outlook on the bank's prospects or broader market conditions.

The details

According to the 13F filing, Boothbay Fund Management LLC sold 30,394 shares of Citizens Financial Group stock in the third quarter. This reduced their total holdings in the bank to 64,676 shares, worth approximately $3.44 million as of the filing date.

  • Boothbay Fund Management LLC lowered its stake in the third quarter of 2026.

The players

Boothbay Fund Management LLC

An institutional investor that manages a portfolio of stocks and other financial assets.

Citizens Financial Group, Inc.

A bank holding company that provides a range of banking and financial services to individuals, small and middle-market businesses, corporations, and institutional clients.

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The takeaway

This filing highlights the ongoing shifts in institutional investment strategies, as prominent funds like Boothbay adjust their positions in response to market conditions and their own assessments of the companies they invest in.