Avis
263 hedge funds and large institutions have $4.93B invested in Avis in 2015 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 86 increasing their positions, 82 reducing their positions, and 43 closing their positions.
215% more call options, than puts
Call options by funds: $271M | Put options by funds: $85.9M
23% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 43
3% more funds holding
Funds holding: 256 → 263 (+7)
5% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 82
0.06% more ownership
Funds ownership: 81.89% → 81.95% (+0.06%)
25% less capital invested
Capital invested by funds: $6.6B → $4.93B (-$1.67B)
38% less funds holding in top 10
Funds holding in top 10: 16 → 10 (-6)
Top Buyers
Top Sellers
| 1 |
Tiger Global Management
New York
|
-$286M |
| 2 |
Morgan Stanley
New York
|
-$125M |
| 3 |
YCMGA
York Capital Management Global Advisors
New York
|
-$119M |
| 4 |
Goldman Sachs
New York
|
-$64.3M |
| 5 |
MGM
Miura Global Management
New York
|
-$59M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CBOA
301
Commonwealth Bank of Australia
Sydney, NSW,
Australia
| – | -$176K | -2,984 | Closed |
|
|
LS
302
Lupo Securities
Chicago,
Illinois
| – | -$90K | -1,529 | Closed |
|
303
KBC Group
Brussels,
Belgium
| – | -$19K | -316 | Closed |
|
|
JFGIW
304
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| – | -$15K | -247 | Closed |
|
|
PSI
305
Pinnacle Summer Investments
Fairfax,
Virginia
| – | -$9K | -157 | Closed |
|
|
FWM
306
Focused Wealth Management
Newburgh,
New York
| – | -$1K | -10 | Closed |
|
CAR Hedge Fund Activity: Q2 2015 in Review
263 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2015, worth a combined $4.93B — down 25% from $6.6B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new CAR positions and 43 closed out — a net gain of 10 holders — while 86 added to existing stakes and 82 trimmed.
The largest buyer was Fir Tree Capital Management, adding an estimated $137M. The largest seller was Tiger Global Management, exiting entirely with an estimated $286M sold.
- 263 institutional investors held Avis (CAR) as of Q2 2015, up from 256 in Q1 2015.
- Funds reported $4.93B of Avis stock for Q2 2015, down 25% quarter-over-quarter.
- 53 funds opened new Avis positions in Q2 2015 and 43 closed out, a net change of +10 holders.
- The largest Avis buyer in Q2 2015 was Fir Tree Capital Management, an estimated $137M added.
- The largest Avis seller in Q2 2015 was Tiger Global Management, an estimated $286M sold.
Based on aggregated 13F filings for Q2 2015.