Avis
263 hedge funds and large institutions have $7.57B invested in Avis in 2014 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 71 increasing their positions, 98 reducing their positions, and 57 closing their positions.
112% more call options, than puts
Call options by funds: $568M | Put options by funds: $268M
27% more capital invested
Capital invested by funds: $5.98B → $7.57B (+$1.59B)
12% more funds holding in top 10
Funds holding in top 10: 17 → 19 (+2)
3.82% more ownership
Funds ownership: 79.77% → 83.59% (+3.8%)
5% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 57
2% less funds holding
Funds holding: 269 → 263 (-6)
28% less repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 98
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Viking Global Investors
Stamford,
Connecticut
|
+$287M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
+$238M |
| 3 |
Tiger Global Management
New York
|
+$98.1M |
| 4 |
GCM
Glenview Capital Management
New York
|
+$85.7M |
| 5 |
EC
Eminence Capital
New York
|
+$82.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRC
Blue Ridge Capital
New York
|
-$128M |
| 2 |
SCM
SAB Capital Management
New York
|
-$110M |
| 3 |
OAMG
Odey Asset Management Group
London,
United Kingdom
|
-$105M |
| 4 |
D.E. Shaw & Co
New York
|
-$70.1M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$66.7M |
CAR Hedge Fund Activity: Q4 2014 in Review
263 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2014, worth a combined $7.57B — up 27% from $5.98B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of CAR and 54 opened new positions — a net loss of 3 holders — while 98 trimmed existing stakes and 71 added.
The largest buyer was Viking Global Investors, opening a new position worth an estimated $287M. The largest seller was Blue Ridge Capital, exiting entirely with an estimated $128M sold.
- 263 institutional investors held Avis (CAR) as of Q4 2014, down from 269 in Q3 2014.
- Funds reported $7.57B of Avis stock for Q4 2014, up 27% quarter-over-quarter.
- 54 funds opened new Avis positions in Q4 2014 and 57 closed out, a net change of -3 holders.
- The largest Avis buyer in Q4 2014 was Viking Global Investors, an estimated $287M added.
- The largest Avis seller in Q4 2014 was Blue Ridge Capital, an estimated $128M sold.
Based on aggregated 13F filings for Q4 2014.