Citi Trends: Fund 1 reports approximately 12.9% stake

Fund 1 Investments described its sales of Citi Trends shares as part of portfolio rebalancing.

Available on EDGAR 11/09/2026 - 08:30 PM EST Accepted by SEC EDGAR 11/09/2026 - 08:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Citi Trends Inc. (CTRN) shareholder Fund 1 Investments, LLC reported beneficial ownership of 1,073,486 shares, or approximately 12.9% of the outstanding shares. The percentage is based on 8,339,447 Citi Trends shares outstanding as of August 28, 2026. Fund 1 Investments reported sole voting and dispositive power over its shares.

The aggregate purchase price of the beneficially owned shares is approximately $25,101,891, including brokerage commissions. The shares were purchased with working capital, which may include margin loans made by brokerage firms in the ordinary course.

Filing Explained

The amendment adds that Fund 1 sold shares during the past 60 days, describing the sales as portfolio rebalancing; it reports that Fund 1 still beneficially owns 1,073,486 shares, or 12.9%.

Key Figures

Beneficially owned shares: 1,073,486 shares Ownership percentage: Approximately 12.9% Shares outstanding: 8,339,447 shares +1 more

4 metrics

Beneficially owned shares 1,073,486 shares Fund 1 Investments, LLC

Ownership percentage Approximately 12.9% Based on shares outstanding as of August 28, 2026

Shares outstanding 8,339,447 shares As of August 28, 2026

Aggregate purchase price Approximately $25,101,891 Includes brokerage commissions

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power, working capital, +1 more

5 terms

beneficially owned regulatory

"beneficially owned 1,073,486 Shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power regulatory

"Sole Voting Power 1,073,486.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power regulatory

"Sole Dispositive Power 1,073,486.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

working capital financial

"purchased with working capital"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

margin loans financial

"may include margin loans made by brokerage firms"

Margin loans are loans from a brokerage that let an investor borrow money using their existing stocks, bonds or cash as collateral to buy more securities. They matter because borrowing magnifies both gains and losses—like using a lever to move a heavier load—so small market moves can have outsized effects on your returns; investors also pay interest and risk a margin call, where the broker may force sales if collateral falls below required levels.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Citi Trends shares does Fund 1 Investments own?

Fund 1 Investments reported beneficial ownership of 1,073,486 shares, approximately 12.9% of the outstanding shares. The percentage is based on 8,339,447 shares outstanding as of August 28, 2026.

What was the purchase price of Fund 1 Investments' Citi Trends shares?

The aggregate purchase price of the beneficially owned shares is approximately $25,101,891, including brokerage commissions. The shares were purchased with working capital, which may include margin loans made by brokerage firms in the ordinary course.

Why did Fund 1 Investments sell Citi Trends shares?

Fund 1 Investments said the reported sales of shares were undertaken as part of a portfolio rebalancing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 17)

Citi Trends Inc

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

17306X102

(CUSIP Number)

Kenneth Mantel, Esq.
Olshan Frome Wolosky LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

11/05/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 17306X102

1

Name of reporting person

Fund 1 Investments, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,073,486.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,073,486.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,073,486.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.9 %

14

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: Citi Trends Inc
(c)	Address of Issuer's Principal Executive Offices: 17 PARK OF COMMERCE BLVD, SUITE 200, SAVANNAH, GEORGIA , 31405.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The Shares purchased by the Reporting Person were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 1,073,486 Shares beneficially owned by the Reporting Person is approximately $25,101,891, including brokerage commissions.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended to add the following: The sales of Shares reported herein were undertaken as part of a portfolio rebalancing. The Reporting Person continues to express confidence in the Issuer's leadership and strategic direction, and its long-term value.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by the Reporting Person is based on 8,339,447 Shares outstanding as of August 28, 2026, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on September 9, 2026. As of the date hereof, the Reporting Person beneficially owned 1,073,486 Shares, constituting approximately 12.9% of the outstanding Shares.
(b)	Item 5(b) is hereby amended and restated to read as follows: The Reporting Person has sole power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 1,073,486 Shares held by the Funds.
(c)	Item 5(c) is hereby amended and restated to read as follows: The transactions in the Shares by the Reporting Person during the past sixty days are set forth on Exhibit 1 attached hereto and are incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: 1 - Transactions in the Securities

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fund 1 Investments, LLC

Signature:	/s/ Benjamin C. Cable
Name/Title:	Benjamin C. Cable, Chief Compliance Officer
Date:	11/09/2026