Avis
302 hedge funds and large institutions have $6.61B invested in Avis in 2022 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 79 increasing their positions, 122 reducing their positions, and 40 closing their positions.
80% more funds holding in top 10
Funds holding in top 10: 5 → 9 (+4)
50% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 40
9.25% more ownership
Funds ownership: 89% → 98.25% (+9.3%)
6% more funds holding
Funds holding: 286 → 302 (+16)
4% more capital invested
Capital invested by funds: $6.35B → $6.61B (+$261M)
35% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 122
58% less call options, than puts
Call options by funds: $192M | Put options by funds: $454M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$119M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$85.1M |
| 3 |
Renaissance Technologies
New York
|
+$46.3M |
| 4 |
CWM
CIBC World Markets
New York
|
+$45.9M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
+$45.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$179M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$122M |
| 3 |
N
Natixis
Paris,
France
|
-$109M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$80.2M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$60.1M |
CAR Hedge Fund Activity: Q4 2022 in Review
302 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2022, worth a combined $6.61B — up 4.1% from $6.35B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new CAR positions and 40 closed out — a net gain of 20 holders — while 79 added to existing stakes and 122 trimmed.
The largest buyer was Toronto Dominion Bank, opening a new position worth an estimated $119M. The largest seller was Fidelity Investments, cutting an estimated $179M.
- 302 institutional investors held Avis (CAR) as of Q4 2022, up from 286 in Q3 2022.
- Funds reported $6.61B of Avis stock for Q4 2022, up 4.1% quarter-over-quarter.
- 60 funds opened new Avis positions in Q4 2022 and 40 closed out, a net change of +20 holders.
- The largest Avis buyer in Q4 2022 was Toronto Dominion Bank, an estimated $119M added.
- The largest Avis seller in Q4 2022 was Fidelity Investments, an estimated $179M sold.
Based on aggregated 13F filings for Q4 2022.