Avis
242 hedge funds and large institutions have $1.84B invested in Avis in 2018 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 59 increasing their positions, 99 reducing their positions, and 39 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
8% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 39
0% more funds holding
Funds holding: 242 → 242 (0)
0.15% less ownership
Funds ownership: 105.83% → 105.68% (-0.15%)
32% less capital invested
Capital invested by funds: $2.7B → $1.84B (-$858M)
40% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 99
63% less call options, than puts
Call options by funds: $44M | Put options by funds: $118M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$58.4M |
| 2 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$47.8M |
| 3 |
Renaissance Technologies
New York
|
+$17.4M |
| 4 |
Millennium Management
New York
|
+$12.2M |
| 5 |
Morgan Stanley
New York
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$85.8M |
| 2 |
AC
Armistice Capital
New York
|
-$32.1M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$27.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$20.7M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$16.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Bessemer Group
Woodbridge,
New Jersey
| – | +$232 | +8 | New |
|
|
BAM
277
Bruderman Asset Management
Locust Valley,
New York
| – | +$522 | +18 | New |
|
|
KPW
278
Kore Private Wealth
New York
| – | +$580 | +20 | New |
|
CAR Hedge Fund Activity: Q4 2018 in Review
242 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2018, worth a combined $1.84B — down 32% from $2.7B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new CAR positions and 39 closed out — a net gain of 3 holders — while 59 added to existing stakes and 99 trimmed.
The largest buyer was Jefferies Group, adding an estimated $58.4M. The largest seller was Bank of New York Mellon, cutting an estimated $85.8M.
- 242 institutional investors held Avis (CAR) as of Q4 2018, unchanged from Q3 2018.
- Funds reported $1.84B of Avis stock for Q4 2018, down 32% quarter-over-quarter.
- 42 funds opened new Avis positions in Q4 2018 and 39 closed out, a net change of +3 holders.
- The largest Avis buyer in Q4 2018 was Jefferies Group, an estimated $58.4M added.
- The largest Avis seller in Q4 2018 was Bank of New York Mellon, an estimated $85.8M sold.
Based on aggregated 13F filings for Q4 2018.