Avis
CAR
256 hedge funds and large institutions have $6.6B invested in Avis in 2015 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 89 increasing their positions, 78 reducing their positions, and 51 closing their positions.
117% more call options, than puts
Call options by funds: $427M | Put options by funds: $197M
14% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 78
1.7% less ownership
Funds ownership: 83.59% → 81.89% (-1.7%)
3% less funds holding
Funds holding: 263 → 256 (-7)
13% less capital invested
Capital invested by funds: $7.57B → $6.6B (-$969M)
14% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 51
16% less funds holding in top 10
Funds holding in top 10: 19 → 16 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$122M |
| 2 |
GCM
Glenview Capital Management
New York
|
+$101M |
| 3 |
CGI
CI Global Investments
Oakland,
California
|
+$95.4M |
| 4 |
FPP
Findlay Park Partners
London,
United Kingdom
|
+$74.5M |
| 5 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
+$63.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SAB Capital Management
New York
|
-$148M |
| 2 |
AWG
Alpha Wave Global
New York
|
-$136M |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
-$134M |
| 4 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$106M |
| 5 |
EC
Eminence Capital
New York
|
-$95.2M |
CAR Hedge Fund Activity: Q1 2015 in Review
256 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2015, worth a combined $6.6B — down 13% from $7.57B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of CAR and 44 opened new positions — a net loss of 7 holders — while 78 trimmed existing stakes and 89 added.
The largest buyer was Capital World Investors, opening a new position worth an estimated $122M. The largest seller was SAB Capital Management, exiting entirely with an estimated $148M sold.
- 256 institutional investors held Avis (CAR) as of Q1 2015, down from 263 in Q4 2014.
- Funds reported $6.6B of Avis stock for Q1 2015, down 13% quarter-over-quarter.
- 44 funds opened new Avis positions in Q1 2015 and 51 closed out, a net change of -7 holders.
- The largest Avis buyer in Q1 2015 was Capital World Investors, an estimated $122M added.
- The largest Avis seller in Q1 2015 was SAB Capital Management, an estimated $148M sold.
Based on aggregated 13F filings for Q1 2015.