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224 hedge funds and large institutions have $3.22B invested in Avis in 2013 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 75 increasing their positions, 94 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more call options, than puts

Call options by funds: $95.8M | Put options by funds: $62.4M

0% more capital invested

Capital invested by funds: $3.2B → $3.22B (+$15.6M)

1.05% less ownership

Funds ownership: 82.81%81.76% (-1.1%)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

16% less funds holding

Funds holding: 267224 (-43)

20% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 94

57% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 70

Holders
224
Holders Change
-43
Holders Change %
-16.1%
% of All Funds
7.26%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.32%
New
30
Increased
75
Reduced
94
Closed
70
Calls
$95.8M
Puts
$62.4M
Net Calls
+$33.4M
Net Calls Change
+$17.2M
Name Holding Trade Value Shares
Change
Change in
Stake
LAM
26
Lyrical Asset Management
New York
$27.5M +$5.19M +173,564 +22%
Norges Bank
27
Norges Bank
Norway
$25.7M +$988K +33,069 +4%
AC
28
Apex Capital
California
$25.2M +$5.63M +188,400 +27%
DCM
29
Discovery Capital Management
Connecticut
$24.8M +$25.8M +861,873 New
GC
30
GW Capital
Washington
$23.7M -$1.33M -44,592 -5%
Two Sigma Advisers
31
Two Sigma Advisers
New York
$23.6M -$5.29M -177,098 -18%
BCMNY
32
Buckingham Capital Management (New York)
New York
$21.5M -$1.29M -43,300 -5%
BFA
33
BlackRock Fund Advisors
California
$21.1M +$595K +19,920 +3%
Wells Fargo
34
Wells Fargo
California
$20.6M -$3.43M -114,678 -14%
EAM
35
Eagle Asset Management
Florida
$19.3M -$14.9M -498,010 -42%
JHIU
36
Janus Henderson Investors US
Colorado
$18.8M +$19.5M +652,900 New
Bank of New York Mellon
37
Bank of New York Mellon
New York
$18.1M -$22.6M -755,114 -55%
TVM
38
Tiger Veda Management
New York
$17.8M -$83.7K -2,800 -0.5%
Northern Trust
39
Northern Trust
Illinois
$16.2M -$20.5M -686,493 -55%
CIP
40
Chartwell Investment Partners
Pennsylvania
$15.1M -$1.45M -48,645 -8%
California Public Employees Retirement System
41
California Public Employees Retirement System
California
$13.1M +$977K +32,700 +8%
Geode Capital Management
42
Geode Capital Management
Massachusetts
$13.1M +$797K +26,649 +6%
Two Sigma Investments
43
Two Sigma Investments
New York
$13.1M -$20M -670,513 -60%
TCIM
44
TIAA CREF Investment Management
New York
$12.7M +$2.94M +98,217 +29%
Capital World Investors
45
Capital World Investors
California
$12.1M +$12.6M +420,000 New
HAI
46
Hennessy Advisors Inc
California
$12M +$6.81M +227,700 +121%
KCM
47
Kingdon Capital Management
New York
$11.7M +$4.48M +150,007 +59%
RFS
48
Rockefeller Financial Services
New York
$11.6M +$231K +7,745 +2%
JP Morgan Chase
49
JP Morgan Chase
New York
$11.6M -$1.77M -59,094 -13%
Morgan Stanley
50
Morgan Stanley
New York
$11.5M -$16.5M -551,135 -58%

CAR Hedge Fund Activity: Q3 2013 in Review

224 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2013, worth a combined $3.22B — up 0.49% from $3.2B a quarter earlier.

Sellers outnumbered buyers: 70 funds closed out of CAR and 30 opened new positions — a net loss of 40 holders — while 94 trimmed existing stakes and 75 added.

The largest buyer was Iridian Asset Management, adding an estimated $84.1M. The largest seller was Columbus Circle Investors, exiting entirely with an estimated $55.3M sold.

  • 224 institutional investors held Avis (CAR) as of Q3 2013, down from 267 in Q2 2013.
  • Funds reported $3.22B of Avis stock for Q3 2013, up 0.49% quarter-over-quarter.
  • 30 funds opened new Avis positions in Q3 2013 and 70 closed out, a net change of -40 holders.
  • The largest Avis buyer in Q3 2013 was Iridian Asset Management, an estimated $84.1M added.
  • The largest Avis seller in Q3 2013 was Columbus Circle Investors, an estimated $55.3M sold.

Based on aggregated 13F filings for Q3 2013.