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249 hedge funds and large institutions have $3.16B invested in Avis in 2017 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 89 increasing their positions, 78 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 78

13.1% more ownership

Funds ownership: 112.08%125.18% (+13%)

7% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 45

3% less funds holding

Funds holding: 258249 (-9)

12% less capital invested

Capital invested by funds: $3.61B → $3.16B (-$450M)

17% less funds holding in top 10

Funds holding in top 10: 65 (-1)

68% less call options, than puts

Call options by funds: $33.2M | Put options by funds: $104M

Holders
249
Holders Change
-9
Holders Change %
-3.49%
% of All Funds
6.2%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.12%
New
42
Increased
89
Reduced
78
Closed
45
Calls
$33.2M
Puts
$104M
Net Calls
-$71M
Net Calls Change
-$71M
Name Holding Trade Value Shares
Change
Change in
Stake
LSV Asset Management
26
LSV Asset Management
Illinois
$22.5M +$8.44M +243,176 +47%
Northern Trust
27
Northern Trust
Illinois
$22.5M -$265K -7,640 -1%
State of New Jersey Common Pension Fund D
28
State of New Jersey Common Pension Fund D
New Jersey
$20.7M +$24.3M +700,000 New
Geode Capital Management
29
Geode Capital Management
Massachusetts
$20.5M +$1.88M +54,259 +8%
MLIM
30
Mountain Lake Investment Management
Florida
$17.7M +$8.22M +236,900 +65%
CWM
31
CIBC World Markets
New York
$15.4M -$6.94M -200,000 -28%
Primecap Management
32
Primecap Management
California
$15.1M
PPA
33
Parametric Portfolio Associates
Washington
$14.3M +$3.32M +95,628 +25%
CS
34
Credit Suisse
Switzerland
$13.9M +$8.39M +241,739 +105%
HI
35
HBK Investments
Texas
$13.3M +$7.84M +225,800 +101%
Loomis, Sayles & Company
36
Loomis, Sayles & Company
Massachusetts
$12.9M -$528K -15,211 -3%
BCM
37
BBT Capital Management
Texas
$12.1M
TCIM
38
TIAA CREF Investment Management
New York
$12M -$572K -16,480 -4%
Charles Schwab
39
Charles Schwab
California
$11.8M +$1.34M +38,739 +11%
California Public Employees Retirement System
40
California Public Employees Retirement System
California
$11.6M +$156K +4,500 +1%
BNP Paribas Financial Markets
41
BNP Paribas Financial Markets
France
$11M +$11.8M +340,268 +1,137%
New York State Common Retirement Fund
42
New York State Common Retirement Fund
New York
$10.7M +$6.21M +178,805 +98%
BCPEM
43
Bain Capital Public Equity Management
Massachusetts
$10.6M -$10.4M -300,118 -46%
Principal Financial Group
44
Principal Financial Group
Iowa
$9.97M +$57K +1,643 +0.5%
BGIM
45
Brandywine Global Investment Management
Pennsylvania
$9.94M -$409K -11,794 -3%
TA
46
Teachers Advisors
New York
$9.16M -$1.41M -40,644 -12%
PCM
47
Proxima Capital Management
New York
$8.89M +$10.4M +300,500 New
First Manhattan
48
First Manhattan
New York
$8.84M -$95.4K -2,750 -0.9%
Prudential Financial
49
Prudential Financial
New Jersey
$8.21M -$1.94M -56,040 -17%
CCM
50
Cobalt Capital Management
New Jersey
$7.6M +$8.92M +257,000 New

CAR Hedge Fund Activity: Q1 2017 in Review

249 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2017, worth a combined $3.16B — down 12% from $3.61B a quarter earlier.

Sellers outnumbered buyers: 45 funds closed out of CAR and 42 opened new positions — a net loss of 3 holders — while 78 trimmed existing stakes and 89 added.

The largest buyer was BlackRock, adding an estimated $260M. The largest seller was UBS Group, cutting an estimated $76.2M.

  • 249 institutional investors held Avis (CAR) as of Q1 2017, down from 258 in Q4 2016.
  • Funds reported $3.16B of Avis stock for Q1 2017, down 12% quarter-over-quarter.
  • 42 funds opened new Avis positions in Q1 2017 and 45 closed out, a net change of -3 holders.
  • The largest Avis buyer in Q1 2017 was BlackRock, an estimated $260M added.
  • The largest Avis seller in Q1 2017 was UBS Group, an estimated $76.2M sold.

Based on aggregated 13F filings for Q1 2017.