Avis
296 hedge funds and large institutions have $6.55B invested in Avis in 2023 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 85 increasing their positions, 120 reducing their positions, and 47 closing their positions.
6% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 47
1.51% less ownership
Funds ownership: 95.7% → 94.19% (-1.5%)
2% less funds holding
Funds holding: 301 → 296 (-5)
16% less call options, than puts
Call options by funds: $235M | Put options by funds: $280M
25% less capital invested
Capital invested by funds: $8.7B → $6.55B (-$2.14B)
29% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 120
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$88.9M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
+$74M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$53.9M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$52.5M |
| 5 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$48.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$272M |
| 2 |
SIM
SRS Investment Management
New York
|
-$217M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$89.6M |
| 4 |
BlackRock
New York
|
-$58.8M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$19.8M |
CAR Hedge Fund Activity: Q3 2023 in Review
296 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2023, worth a combined $6.55B — down 25% from $8.7B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of CAR and 44 opened new positions — a net loss of 3 holders — while 120 trimmed existing stakes and 85 added.
The largest buyer was National Bank of Canada, adding an estimated $88.9M. The largest seller was Nomura Holdings, cutting an estimated $272M.
- 296 institutional investors held Avis (CAR) as of Q3 2023, down from 301 in Q2 2023.
- Funds reported $6.55B of Avis stock for Q3 2023, down 25% quarter-over-quarter.
- 44 funds opened new Avis positions in Q3 2023 and 47 closed out, a net change of -3 holders.
- The largest Avis buyer in Q3 2023 was National Bank of Canada, an estimated $88.9M added.
- The largest Avis seller in Q3 2023 was Nomura Holdings, an estimated $272M sold.
Based on aggregated 13F filings for Q3 2023.