Avis
220 hedge funds and large institutions have $2.84B invested in Avis in 2016 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 81 increasing their positions, 60 reducing their positions, and 61 closing their positions.
109% more call options, than puts
Call options by funds: $83.1M | Put options by funds: $39.8M
35% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 60
4% less funds holding
Funds holding: 230 → 220 (-10)
10.66% less ownership
Funds ownership: 87.06% → 76.4% (-11%)
16% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 61
34% less capital invested
Capital invested by funds: $4.31B → $2.84B (-$1.47B)
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$133M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$91.1M |
| 3 |
Coatue Management
New York
|
+$49.8M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$19.2M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Marcato Capital Management
San Francisco,
California
|
-$207M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$123M |
| 3 |
IIM
Ivory Investment Management
New York
|
-$98.4M |
| 4 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$77.8M |
| 5 |
BCPEM
Bain Capital Public Equity Management
Boston,
Massachusetts
|
-$57M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAW
276
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$21K | -583 | Closed |
|
|
FNBT
277
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$10K | -279 | Closed |
|
|
AA
278
Apriem Advisors
Irvine,
California
| – | -$5K | -150 | Closed |
|
|
KC
279
Kingfisher Capital
Charlotte,
North Carolina
| – | -$5K | -126 | Closed |
|
280
Bessemer Group
Woodbridge,
New Jersey
| – | -$1K | -25 | Closed |
|
CAR Hedge Fund Activity: Q1 2016 in Review
220 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2016, worth a combined $2.84B — down 34% from $4.31B a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of CAR and 51 opened new positions — a net loss of 10 holders — while 60 trimmed existing stakes and 81 added.
The largest buyer was Diamond Hill Capital Management, adding an estimated $133M. The largest seller was Marcato Capital Management, exiting entirely with an estimated $207M sold.
- 220 institutional investors held Avis (CAR) as of Q1 2016, down from 230 in Q4 2015.
- Funds reported $2.84B of Avis stock for Q1 2016, down 34% quarter-over-quarter.
- 51 funds opened new Avis positions in Q1 2016 and 61 closed out, a net change of -10 holders.
- The largest Avis buyer in Q1 2016 was Diamond Hill Capital Management, an estimated $133M added.
- The largest Avis seller in Q1 2016 was Marcato Capital Management, an estimated $207M sold.
Based on aggregated 13F filings for Q1 2016.