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240 hedge funds and large institutions have $2.69B invested in Avis in 2019 Q2 according to their latest regulatory filings, with 33 funds opening new positions, 54 increasing their positions, 98 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% less capital invested

Capital invested by funds: $2.76B → $2.69B (-$79.2M)

3.74% less ownership

Funds ownership: 104.38%100.64% (-3.7%)

4% less funds holding

Funds holding: 251240 (-11)

20% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 41

40% less funds holding in top 10

Funds holding in top 10: 53 (-2)

45% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 98

55% less call options, than puts

Call options by funds: $81.5M | Put options by funds: $180M

Holders
240
Holders Change
-11
Holders Change %
-4.38%
% of All Funds
5.21%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.07%
New
33
Increased
54
Reduced
98
Closed
41
Calls
$81.5M
Puts
$180M
Net Calls
-$98.2M
Net Calls Change
+$56M
Name Holding Trade Value Shares
Change
Change in
Stake
FRM
251
Fox Run Management
Connecticut
-$670K -19,210 Closed
SSA
252
Schonfeld Strategic Advisors
New York
-$463K -13,300 Closed
MF
253
Magnetar Financial
Illinois
-$405K -11,622 Closed
ACM
254
AlphaCrest Capital Management
New York
-$349K -10,000 Closed
SM
255
Sciencast Management
New Jersey
-$263K -7,700 Closed
TCM
256
Teza Capital Management
Illinois
-$266K -7,640 Closed
BCM
257
BlueCrest Capital Management
Jersey
-$205K -5,879 Closed
Coatue Management
258
Coatue Management
New York
-$203K -5,837 Closed
SEI Investments
259
SEI Investments
Pennsylvania
-$139K -3,938 Closed
NMC
260
Nine Masts Capital
Hong Kong
-$52K -1,485 Closed
Rockefeller Capital Management
261
Rockefeller Capital Management
New York
-$8K -240 Closed
MNBTD
262
Moody National Bank Trust Division
Texas
-$5K -150 Closed
CAM
263
Cresset Asset Management
Illinois
-$5K -144 Closed
PHK
264
Point72 Hong Kong
Hong Kong
-$4K -119 Closed
WAM
265
Wealthspire Advisors (Maryland)
Maryland
-$3K -96 Closed
PCMK
266
Paragon Capital Management (Kansas)
Kansas
-$3K -81 Closed
SWM
267
SeaCrest Wealth Management
New York
-$1K -30 Closed
KPW
268
Kore Private Wealth
New York
-$1K -20 Closed
BAM
269
Bruderman Asset Management
New York
-$1K -18 Closed
SFSIG
270
San Francisco Sentry Investment Group
California
-$1K -17 Closed
AA
271
Advisory Alpha
Michigan
-$347 -10 Closed
CFGS
272
Concourse Financial Group Securities
Alabama
-$336 -10 Closed
MF
273
Manchester Financial
California
+$34 +1 New
OSAM
274
O'Shaughnessy Asset Management
Connecticut
+$34 +1 New
Fidelity International
275
Fidelity International
Bermuda
+$235 +7 +140%

CAR Hedge Fund Activity: Q2 2019 in Review

240 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2019, worth a combined $2.69B — down 2.9% from $2.76B a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of CAR and 33 opened new positions — a net loss of 8 holders — while 98 trimmed existing stakes and 54 added.

The largest buyer was Tremblant Capital Group, opening a new position worth an estimated $38.3M. The largest seller was CIBC World Markets, cutting an estimated $33.6M.

  • 240 institutional investors held Avis (CAR) as of Q2 2019, down from 251 in Q1 2019.
  • Funds reported $2.69B of Avis stock for Q2 2019, down 2.9% quarter-over-quarter.
  • 33 funds opened new Avis positions in Q2 2019 and 41 closed out, a net change of -8 holders.
  • The largest Avis buyer in Q2 2019 was Tremblant Capital Group, an estimated $38.3M added.
  • The largest Avis seller in Q2 2019 was CIBC World Markets, an estimated $33.6M sold.

Based on aggregated 13F filings for Q2 2019.