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226 hedge funds and large institutions have $3.31B invested in Avis in 2016 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 63 increasing their positions, 85 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more call options, than puts

Call options by funds: $136M | Put options by funds: $71.7M

29% more funds holding in top 10

Funds holding in top 10: 79 (+2)

21% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 38

17% more capital invested

Capital invested by funds: $2.84B → $3.31B (+$473M)

3% more funds holding

Funds holding: 220226 (+6)

1.17% less ownership

Funds ownership: 76.4%75.23% (-1.2%)

26% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 85

Holders
226
Holders Change
+6
Holders Change %
+2.73%
% of All Funds
6.03%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.24%
New
46
Increased
63
Reduced
85
Closed
38
Calls
$136M
Puts
$71.7M
Net Calls
+$64.5M
Net Calls Change
+$21.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$31.6M +$11.5M +415,672 +74%
Barclays
27
Barclays
United Kingdom
$28.5M +$17.2M +622,508 +238%
AIM
28
abrdn Investment Management
United Kingdom
$28.4M -$31M -1,121,991 -56%
Norges Bank
29
Norges Bank
Norway
$27.9M +$2.06M +74,384 +9%
Bank of Montreal
30
Bank of Montreal
Ontario, Canada
$24.8M +$21.1M +764,770 +18,855%
Wellington Management Group
31
Wellington Management Group
Massachusetts
$23.9M +$1.06M +38,440 +5%
Goldman Sachs
32
Goldman Sachs
New York
$22.4M -$6.4M -231,738 -25%
Balyasny Asset Management
33
Balyasny Asset Management
Illinois
$20.5M +$17.6M +637,353 New
Geode Capital Management
34
Geode Capital Management
Massachusetts
$19.8M -$660K -23,885 -4%
Loomis, Sayles & Company
35
Loomis, Sayles & Company
Massachusetts
$19.1M -$194K -7,038 -1%
TCIM
36
TIAA CREF Investment Management
New York
$18.7M -$4.26M -154,035 -21%
LCM
37
Laurion Capital Management
New York
$18.5M +$15.8M +572,690 New
Hotchkis & Wiley Capital Management
38
Hotchkis & Wiley Capital Management
California
$18.2M -$2.52M -91,300 -14%
UOC
39
UBS O'Connor
Illinois
$17.5M +$15M +541,501 New
AC
40
Ascend Capital
California
$17.4M +$14.9M +539,112 New
CWM
41
CIBC World Markets
New York
$16.8M
Primecap Management
42
Primecap Management
California
$16.1M +$1.52M +55,100 +12%
N
43
Natixis
France
$15.8M +$1.62M +58,500 +14%
PFMOSF
44
Philadelphia Financial Management of San Francisco
California
$15.8M -$3.62M -130,839 -21%
Northern Trust
45
Northern Trust
Illinois
$15.4M -$634K -22,946 -5%
BCM
46
BBT Capital Management
Texas
$13.1M
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$12.4M +$1.03M +37,100 +11%
TA
48
Teachers Advisors
New York
$12.2M -$486K -17,576 -4%
T. Rowe Price Associates
49
T. Rowe Price Associates
Maryland
$11.6M -$374K -13,523 -4%
LSV Asset Management
50
LSV Asset Management
Illinois
$11.3M +$9.69M +350,738 New

CAR Hedge Fund Activity: Q2 2016 in Review

226 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2016, worth a combined $3.31B — up 17% from $2.84B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new CAR positions and 38 closed out — a net gain of 8 holders — while 63 added to existing stakes and 85 trimmed.

The largest buyer was Bank of New York Mellon, adding an estimated $99.7M. The largest seller was Iridian Asset Management, exiting entirely with an estimated $129M sold.

  • 226 institutional investors held Avis (CAR) as of Q2 2016, up from 220 in Q1 2016.
  • Funds reported $3.31B of Avis stock for Q2 2016, up 17% quarter-over-quarter.
  • 46 funds opened new Avis positions in Q2 2016 and 38 closed out, a net change of +8 holders.
  • The largest Avis buyer in Q2 2016 was Bank of New York Mellon, an estimated $99.7M added.
  • The largest Avis seller in Q2 2016 was Iridian Asset Management, an estimated $129M sold.

Based on aggregated 13F filings for Q2 2016.