Avis
251 hedge funds and large institutions have $2.76B invested in Avis in 2019 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 62 increasing their positions, 103 reducing their positions, and 34 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
50% more capital invested
Capital invested by funds: $1.84B → $2.76B (+$927M)
29% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 34
4% more funds holding
Funds holding: 242 → 251 (+9)
1.3% less ownership
Funds ownership: 105.68% → 104.38% (-1.3%)
40% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 103
78% less call options, than puts
Call options by funds: $43.7M | Put options by funds: $198M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SRS Investment Management
New York
|
+$126M |
| 2 |
Renaissance Technologies
New York
|
+$37.7M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$15M |
| 4 |
D.E. Shaw & Co
New York
|
+$10.7M |
| 5 |
Millennium Management
New York
|
+$9.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
-$63.1M |
| 2 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$39.8M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$26.7M |
| 4 |
Morgan Stanley
New York
|
-$23.5M |
| 5 |
CWM
CIBC World Markets
New York
|
-$22.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MOS
276
MGO One Seven
Beachwood,
Ohio
| – | -$1K | -63 | Closed |
|
|
PWMG
277
Prestige Wealth Management Group
Flemington,
New Jersey
| – | -$1K | -27 | Closed |
|
278
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$210 | -7 | -54% |
|
279
Fidelity International
Hamilton,
Bermuda
| – | -$30 | -1 | -17% |
|
|
CCM
280
Cribstone Capital Management
Augusta,
Maine
| – | +$120 | +4 | New |
|
|
AIA
281
Alera Investment Advisors
Deerfield,
Illinois
| – | +$330 | +11 | New |
|
|
FGAM
282
Financial Gravity Asset Management
Lakeway,
Texas
| – | +$389 | +13 | New |
|
CAR Hedge Fund Activity: Q1 2019 in Review
251 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2019, worth a combined $2.76B — up 50% from $1.84B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new CAR positions and 34 closed out — a net gain of 10 holders — while 62 added to existing stakes and 103 trimmed.
The largest buyer was SRS Investment Management, adding an estimated $126M. The largest seller was Jefferies Group, cutting an estimated $63.1M.
- 251 institutional investors held Avis (CAR) as of Q1 2019, up from 242 in Q4 2018.
- Funds reported $2.76B of Avis stock for Q1 2019, up 50% quarter-over-quarter.
- 44 funds opened new Avis positions in Q1 2019 and 34 closed out, a net change of +10 holders.
- The largest Avis buyer in Q1 2019 was SRS Investment Management, an estimated $126M added.
- The largest Avis seller in Q1 2019 was Jefferies Group, an estimated $63.1M sold.
Based on aggregated 13F filings for Q1 2019.