Avis
226 hedge funds and large institutions have $3.31B invested in Avis in 2016 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 63 increasing their positions, 85 reducing their positions, and 38 closing their positions.
90% more call options, than puts
Call options by funds: $136M | Put options by funds: $71.7M
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
21% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 38
17% more capital invested
Capital invested by funds: $2.84B → $3.31B (+$473M)
3% more funds holding
Funds holding: 220 → 226 (+6)
1.17% less ownership
Funds ownership: 76.4% → 75.23% (-1.2%)
26% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 85
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$99.7M |
| 2 |
BG
Baupost Group
Boston,
Massachusetts
|
+$49.4M |
| 3 |
TCP
Tourbillon Capital Partners
New York
|
+$36.3M |
| 4 |
RIM
RS Investment Management
San Francisco,
California
|
+$30.8M |
| 5 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
+$25.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$129M |
| 2 |
CGI
CI Global Investments
Oakland,
California
|
-$55.4M |
| 3 |
Coatue Management
New York
|
-$49.9M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
-$46M |
| 5 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
-$31M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DTL
251
Dynamic Technology Lab
Singapore
| – | -$533K | -19,491 | Closed |
|
252
Daiwa Securities Group
Tokyo,
Japan
| – | -$427K | -15,610 | Closed |
|
|
TC
253
TFS Capital
West Chester,
Pennsylvania
| – | -$383K | -13,994 | Closed |
|
|
GF
254
Gerstein Fisher
New York
| – | -$335K | -12,253 | Closed |
|
255
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$316K | -11,540 | Closed |
|
|
OAC
256
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$312K | -11,400 | Closed |
|
257
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$282K | -10,323 | Closed |
|
|
IR
258
Invictus RG
Hamilton,
Bermuda
| – | -$262K | -9,589 | Closed |
|
|
TH
259
Timber Hill
Greenwich,
Connecticut
| – | -$206K | -7,443 | Closed |
|
|
AIM
260
Acrospire Investment Management
Chicago,
Illinois
| – | -$47K | -1,700 | Closed |
|
261
Envestnet Asset Management
Chicago,
Illinois
| – | -$29K | -1,066 | Closed |
|
|
DVM
262
Dreman Value Management
West Palm Beach,
Florida
| – | -$8K | -292 | Closed |
|
|
PCP
263
Proficio Capital Partners
Newton,
Massachusetts
| – | +$249 | +9 | New |
|
CAR Hedge Fund Activity: Q2 2016 in Review
226 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2016, worth a combined $3.31B — up 17% from $2.84B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new CAR positions and 38 closed out — a net gain of 8 holders — while 63 added to existing stakes and 85 trimmed.
The largest buyer was Bank of New York Mellon, adding an estimated $99.7M. The largest seller was Iridian Asset Management, exiting entirely with an estimated $129M sold.
- 226 institutional investors held Avis (CAR) as of Q2 2016, up from 220 in Q1 2016.
- Funds reported $3.31B of Avis stock for Q2 2016, up 17% quarter-over-quarter.
- 46 funds opened new Avis positions in Q2 2016 and 38 closed out, a net change of +8 holders.
- The largest Avis buyer in Q2 2016 was Bank of New York Mellon, an estimated $99.7M added.
- The largest Avis seller in Q2 2016 was Iridian Asset Management, an estimated $129M sold.
Based on aggregated 13F filings for Q2 2016.