Avis
224 hedge funds and large institutions have $3.22B invested in Avis in 2013 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 75 increasing their positions, 94 reducing their positions, and 70 closing their positions.
54% more call options, than puts
Call options by funds: $95.8M | Put options by funds: $62.4M
0% more capital invested
Capital invested by funds: $3.2B → $3.22B (+$15.6M)
1.05% less ownership
Funds ownership: 82.81% → 81.76% (-1.1%)
9% less funds holding in top 10
Funds holding in top 10: 11 → 10 (-1)
16% less funds holding
Funds holding: 267 → 224 (-43)
20% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 94
57% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 70
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$84.1M |
| 2 |
BRC
Blue Ridge Capital
New York
|
+$56.8M |
| 3 |
First Eagle Investment Management
New York
|
+$36.9M |
| 4 |
FPP
Findlay Park Partners
London,
United Kingdom
|
+$30.3M |
| 5 |
Neuberger Berman Group
New York
|
+$29.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCI
Columbus Circle Investors
|
-$55.3M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$42.8M |
| 3 |
Tiger Global Management
New York
|
-$38.2M |
| 4 |
OAMG
Odey Asset Management Group
London,
United Kingdom
|
-$24.6M |
| 5 |
TI
Turner Investments
Berwyn,
Pennsylvania
|
-$22.9M |
CAR Hedge Fund Activity: Q3 2013 in Review
224 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2013, worth a combined $3.22B — up 0.49% from $3.2B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of CAR and 30 opened new positions — a net loss of 40 holders — while 94 trimmed existing stakes and 75 added.
The largest buyer was Iridian Asset Management, adding an estimated $84.1M. The largest seller was Columbus Circle Investors, exiting entirely with an estimated $55.3M sold.
- 224 institutional investors held Avis (CAR) as of Q3 2013, down from 267 in Q2 2013.
- Funds reported $3.22B of Avis stock for Q3 2013, up 0.49% quarter-over-quarter.
- 30 funds opened new Avis positions in Q3 2013 and 70 closed out, a net change of -40 holders.
- The largest Avis buyer in Q3 2013 was Iridian Asset Management, an estimated $84.1M added.
- The largest Avis seller in Q3 2013 was Columbus Circle Investors, an estimated $55.3M sold.
Based on aggregated 13F filings for Q3 2013.