Avis
242 hedge funds and large institutions have $2.7B invested in Avis in 2018 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 72 increasing their positions, 96 reducing their positions, and 47 closing their positions.
0.77% more ownership
Funds ownership: 105.06% → 105.83% (+0.77%)
3% less capital invested
Capital invested by funds: $2.77B → $2.7B (-$78.6M)
7% less funds holding
Funds holding: 261 → 242 (-19)
25% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 96
32% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 47
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
50% less call options, than puts
Call options by funds: $68.3M | Put options by funds: $138M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
CIBC World Markets
New York
|
+$75.1M |
| 2 |
AC
Armistice Capital
New York
|
+$33.4M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$27.8M |
| 4 |
Pzena Investment Management
New York
|
+$20.4M |
| 5 |
GCM
Glenview Capital Management
New York
|
+$16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
-$36.5M |
| 2 |
Citigroup
New York
|
-$36.4M |
| 3 |
Two Sigma Advisers
New York
|
-$28.1M |
| 4 |
JP Morgan Chase
New York
|
-$23M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$18.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Envestnet Asset Management
Chicago,
Illinois
| – | -$41K | -1,277 | Closed |
|
|
PIA
277
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$39K | -1,190 | Closed |
|
278
Loomis, Sayles & Company
Boston,
Massachusetts
| – | -$26K | -794 | Closed |
|
|
ASN
279
Advisory Services Network
Atlanta,
Georgia
| – | -$16K | -480 | -98% |
|
|
WT
280
Washington Trust
Westerly,
Rhode Island
| – | -$3K | -100 | Closed |
|
|
PA
281
Parallel Advisors
San Francisco,
California
| – | -$2K | -73 | Closed |
|
282
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1.03K | -31 | -84% |
|
|
IA
283
IFP Advisors
Tampa,
Florida
| – | -$1K | -27 | Closed |
|
|
TWA
284
TCI Wealth Advisors
Tucson,
Arizona
| – | -$601 | -18 | -69% |
|
285
Fidelity International
Hamilton,
Bermuda
| – | +$334 | +10 | New |
|
CAR Hedge Fund Activity: Q3 2018 in Review
242 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2018, worth a combined $2.7B — down 2.8% from $2.77B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of CAR and 32 opened new positions — a net loss of 15 holders — while 96 trimmed existing stakes and 72 added.
The largest buyer was CIBC World Markets, opening a new position worth an estimated $75.1M. The largest seller was Jefferies Group, cutting an estimated $36.5M.
- 242 institutional investors held Avis (CAR) as of Q3 2018, down from 261 in Q2 2018.
- Funds reported $2.7B of Avis stock for Q3 2018, down 2.8% quarter-over-quarter.
- 32 funds opened new Avis positions in Q3 2018 and 47 closed out, a net change of -15 holders.
- The largest Avis buyer in Q3 2018 was CIBC World Markets, an estimated $75.1M added.
- The largest Avis seller in Q3 2018 was Jefferies Group, an estimated $36.5M sold.
Based on aggregated 13F filings for Q3 2018.