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230 hedge funds and large institutions have $4.31B invested in Avis in 2015 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 76 increasing their positions, 81 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more call options, than puts

Call options by funds: $171M | Put options by funds: $114M

12% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 43

4.11% more ownership

Funds ownership: 82.94%87.06% (+4.1%)

1% more funds holding

Funds holding: 228230 (+2)

6% less repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 81

13% less capital invested

Capital invested by funds: $4.96B → $4.31B (-$649M)

31% less funds holding in top 10

Funds holding in top 10: 1611 (-5)

Holders
230
Holders Change
+2
Holders Change %
+0.88%
% of All Funds
6.03%
Holding in Top 10
11
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-31.25%
% of All Funds
0.29%
New
48
Increased
76
Reduced
81
Closed
43
Calls
$171M
Puts
$114M
Net Calls
+$57.1M
Net Calls Change
-$37.1M
Name Holding Trade Value Shares
Change
Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$45.2M -$10.5M -248,510 -17%
Point72 Asset Management
27
Point72 Asset Management
Connecticut
$40.5M +$20.9M +496,200 +80%
Fidelity Investments
28
Fidelity Investments
Massachusetts
$34M +$31.4M +744,500 +385%
3CP
29
3G Capital Partners
New York
$33.6M +$4.61M +109,424 +13%
Millennium Management
30
Millennium Management
New York
$31.3M +$35.6M +844,225 +4,908%
EAM
31
EverPoint Asset Management
Connecticut
$30.5M +$22.1M +524,462 +166%
CC
32
Coastland Capital
California
$29M +$8.53M +202,494 +34%
Norges Bank
33
Norges Bank
Norway
$28.8M -$2.36M -56,022 -7%
ACM
34
Apex Capital Management
Ohio
$27.9M -$967K -22,967 -3%
TA
35
Teachers Advisors
New York
$24.2M -$3.09M -73,406 -10%
BCM
36
BBT Capital Management
Texas
$23M +$3.57M +84,700 +15%
Geode Capital Management
37
Geode Capital Management
Massachusetts
$22.7M -$131K -3,104 -0.5%
Loomis, Sayles & Company
38
Loomis, Sayles & Company
Massachusetts
$21.8M -$3.75M -89,032 -13%
New York State Common Retirement Fund
39
New York State Common Retirement Fund
New York
$19.6M +$563K +13,368 +3%
Northern Trust
40
Northern Trust
Illinois
$18.3M -$257K -6,093 -1%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$16.9M +$945K +22,443 +5%
T. Rowe Price Associates
42
T. Rowe Price Associates
Maryland
$13.9M -$227K -5,385 -1%
Wells Fargo
43
Wells Fargo
California
$13.5M +$5.93M +140,822 +61%
Bank of America
44
Bank of America
North Carolina
$13.3M -$3.71M -88,062 -19%
Goldman Sachs
45
Goldman Sachs
New York
$13.2M +$12.4M +294,870 +433%
MLIM
46
Mountain Lake Investment Management
Florida
$12.7M +$5.41M +128,500 +58%
Canada Pension Plan Investment Board
47
Canada Pension Plan Investment Board
Ontario, Canada
$12.6M -$1.05M -24,900 -7%
SEI Investments
48
SEI Investments
Pennsylvania
$12.4M +$8.24M +195,764 +134%
Primecap Management
49
Primecap Management
California
$12M +$1.05M +25,000 +8%
California Public Employees Retirement System
50
California Public Employees Retirement System
California
$11.2M +$198K +4,700 +2%

CAR Hedge Fund Activity: Q4 2015 in Review

230 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2015, worth a combined $4.31B — down 13% from $4.96B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new CAR positions and 43 closed out — a net gain of 5 holders — while 76 added to existing stakes and 81 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $107M. The largest seller was Ivory Investment Management, cutting an estimated $70M.

  • 230 institutional investors held Avis (CAR) as of Q4 2015, up from 228 in Q3 2015.
  • Funds reported $4.31B of Avis stock for Q4 2015, down 13% quarter-over-quarter.
  • 48 funds opened new Avis positions in Q4 2015 and 43 closed out, a net change of +5 holders.
  • The largest Avis buyer in Q4 2015 was Morgan Stanley, an estimated $107M added.
  • The largest Avis seller in Q4 2015 was Ivory Investment Management, an estimated $70M sold.

Based on aggregated 13F filings for Q4 2015.