Avis
CAR
235 hedge funds and large institutions have $3.24B invested in Avis in 2017 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 87 increasing their positions, 78 reducing their positions, and 53 closing their positions.
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
15.78% more ownership
Funds ownership: 125.18% → 140.97% (+16%)
12% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 78
2% more capital invested
Capital invested by funds: $3.16B → $3.24B (+$75.1M)
6% less funds holding
Funds holding: 249 → 235 (-14)
25% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 53
70% less call options, than puts
Call options by funds: $52.7M | Put options by funds: $176M
Top Buyers
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
+$103M |
| 2 |
SPC
Slate Path Capital
New York
|
+$79.9M |
| 3 |
IIM
Ivory Investment Management
New York
|
+$55M |
| 4 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$49.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$40.8M |
Top Sellers
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$74M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$53.4M |
| 3 |
Morgan Stanley
New York
|
-$52.1M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$40.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$20.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
276
Acrospire Investment Management
Chicago,
Illinois
| – | -$74K | -2,500 | Closed |
|
|
NIT
277
NumerixS Investment Technologies
Vancouver,
British Columbia, Canada
| – | -$65K | -2,200 | Closed |
|
278
Bessemer Group
Woodbridge,
New Jersey
| – | -$36K | -1,206 | Closed |
|
|
FPF
279
FNY Partners Fund
New York
| – | -$14K | -500 | Closed |
|
|
CGT
280
Capital Guardian Trust
Los Angeles,
California
| – | -$6K | -219 | Closed |
|
|
BIG
281
Bellwether Investment Group
Chattanooga,
Tennessee
| – | -$6K | -202 | Closed |
|
|
PCP
282
Proficio Capital Partners
Newton,
Massachusetts
| – | -$4K | -165 | Closed |
|
|
PMFA
283
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$1K | -20 | Closed |
|
|
NFG
284
Next Financial Group
Houston,
Texas
| – | +$180 | +7 | New |
|
|
QCG
285
Quadrant Capital Group
Cincinnati,
Ohio
| – | +$1.34K | +52 | +54% |
|
CAR Hedge Fund Activity: Q2 2017 in Review
235 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2017, worth a combined $3.24B — up 2.4% from $3.16B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of CAR and 40 opened new positions — a net loss of 13 holders — while 78 trimmed existing stakes and 87 added.
The largest buyer was Baupost Group, opening a new position worth an estimated $103M. The largest seller was AJO LP, exiting entirely with an estimated $74M sold.
- 235 institutional investors held Avis (CAR) as of Q2 2017, down from 249 in Q1 2017.
- Funds reported $3.24B of Avis stock for Q2 2017, up 2.4% quarter-over-quarter.
- 40 funds opened new Avis positions in Q2 2017 and 53 closed out, a net change of -13 holders.
- The largest Avis buyer in Q2 2017 was Baupost Group, an estimated $103M added.
- The largest Avis seller in Q2 2017 was AJO LP, an estimated $74M sold.
Based on aggregated 13F filings for Q2 2017.