Avis
232 hedge funds and large institutions have $4.54B invested in Avis in 2017 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 54 increasing their positions, 93 reducing their positions, and 34 closing their positions.
38% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 34
6% more funds holding
Funds holding: 219 → 232 (+13)
4% more capital invested
Capital invested by funds: $4.37B → $4.54B (+$171M)
11.77% less ownership
Funds ownership: 138.9% → 127.13% (-12%)
14% less call options, than puts
Call options by funds: $342M | Put options by funds: $399M
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
42% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 93
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$257M |
| 2 |
SIM
SRS Investment Management
New York
|
+$139M |
| 3 |
Two Sigma Investments
New York
|
+$44.1M |
| 4 |
Pzena Investment Management
New York
|
+$26.6M |
| 5 |
Two Sigma Advisers
New York
|
+$17.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$152M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$130M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$86M |
| 4 |
Neuberger Berman Group
New York
|
-$81.8M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$62.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ZIC
251
ZWJ Investment Counsel
Atlanta,
Georgia
| – | -$327K | -8,585 | Closed |
|
252
Squarepoint
New York
| – | -$306K | -8,046 | Closed |
|
|
TH
253
Timber Hill
Greenwich,
Connecticut
| – | -$270K | -7,088 | Closed |
|
254
Stifel Financial
St. Louis,
Missouri
| – | -$263K | -6,937 | Closed |
|
|
AP
255
AHL Partners
London,
United Kingdom
| – | -$218K | -5,730 | Closed |
|
|
QC
256
QCM Cayman
Houston,
Texas
| – | -$217K | -5,699 | Closed |
|
|
DRZID
257
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
| – | -$202K | -5,300 | Closed |
|
258
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$194K | -5,100 | Closed |
|
|
FMA
259
FNY Managed Accounts
New York
| – | -$160K | -4,216 | Closed |
|
|
CG
260
Cutler Group
San Francisco,
California
| – | -$97.5K | -2,451 | Closed |
|
261
Credit Agricole
Montrouge Cedex,
France
| – | -$80K | -2,106 | Closed |
|
|
OAM
262
Oppenheimer Asset Management
New York
| – | -$69K | -1,824 | Closed |
|
|
JFA
263
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$2K | -50 | Closed |
|
|
VNA
264
Valley National Advisers
Bethlehem,
Pennsylvania
| – | -$1K | -15 | Closed |
|
CAR Hedge Fund Activity: Q4 2017 in Review
232 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2017, worth a combined $4.54B — up 3.9% from $4.37B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new CAR positions and 34 closed out — a net gain of 13 holders — while 54 added to existing stakes and 93 trimmed.
The largest buyer was Jefferies Group, opening a new position worth an estimated $257M. The largest seller was Morgan Stanley, cutting an estimated $152M.
- 232 institutional investors held Avis (CAR) as of Q4 2017, up from 219 in Q3 2017.
- Funds reported $4.54B of Avis stock for Q4 2017, up 3.9% quarter-over-quarter.
- 47 funds opened new Avis positions in Q4 2017 and 34 closed out, a net change of +13 holders.
- The largest Avis buyer in Q4 2017 was Jefferies Group, an estimated $257M added.
- The largest Avis seller in Q4 2017 was Morgan Stanley, an estimated $152M sold.
Based on aggregated 13F filings for Q4 2017.