Avis
258 hedge funds and large institutions have $3.61B invested in Avis in 2016 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 74 increasing their positions, 104 reducing their positions, and 30 closing their positions.
67% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 30
37.79% more ownership
Funds ownership: 74.29% → 112.08% (+38%)
7% more funds holding
Funds holding: 241 → 258 (+17)
5% more capital invested
Capital invested by funds: $3.45B → $3.61B (+$159M)
0% more call options, than puts
Call options by funds: $117M | Put options by funds: $117M
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
29% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 104
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$18.8M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$17.4M |
| 3 |
Goldman Sachs
New York
|
+$16.8M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$12.7M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCP
Tourbillon Capital Partners
New York
|
-$65.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$29.3M |
| 3 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$28.6M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$22.3M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$20.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
276
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$242K | -7,062 | Closed |
|
|
RJA
277
Raymond James & Associates
St Petersburg,
Florida
| – | -$240K | -7,018 | Closed |
|
|
WAM
278
Weiss Asset Management
Boston,
Massachusetts
| – | -$230K | -6,717 | Closed |
|
279
Verition Fund Management
Greenwich,
Connecticut
| – | -$222K | -6,480 | Closed |
|
|
PCM
280
Prelude Capital Management
New York
| – | -$141K | -4,108 | Closed |
|
|
CPP
281
Crow Point Partners
Boston,
Massachusetts
| – | -$11K | -321 | Closed |
|
282
Walleye Trading
New York
| – | -$11.6K | -319 | Closed |
|
|
IWMPD
283
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$4K | -121 | Closed |
|
|
GT
284
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$3K | -102 | Closed |
|
|
KF
285
Krilogy Financial
St. Louis,
Missouri
| – | -$1K | -35 | Closed |
|
|
NFG
286
Next Financial Group
Houston,
Texas
| – | +$253 | +7 | New |
|
|
PK
287
Pflug Koory
Omaha,
Nebraska
| – | +$362 | +10 | New |
|
CAR Hedge Fund Activity: Q4 2016 in Review
258 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2016, worth a combined $3.61B — up 4.6% from $3.45B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new CAR positions and 30 closed out — a net gain of 20 holders — while 74 added to existing stakes and 104 trimmed.
The largest buyer was CIBC World Market, opening a new position worth an estimated $18.8M. The largest seller was Tourbillon Capital Partners, exiting entirely with an estimated $65.9M sold.
- 258 institutional investors held Avis (CAR) as of Q4 2016, up from 241 in Q3 2016.
- Funds reported $3.61B of Avis stock for Q4 2016, up 4.6% quarter-over-quarter.
- 50 funds opened new Avis positions in Q4 2016 and 30 closed out, a net change of +20 holders.
- The largest Avis buyer in Q4 2016 was CIBC World Market, an estimated $18.8M added.
- The largest Avis seller in Q4 2016 was Tourbillon Capital Partners, an estimated $65.9M sold.
Based on aggregated 13F filings for Q4 2016.