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Avis
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254 hedge funds and large institutions have $4.59B invested in Avis in 2018 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 68 increasing their positions, 99 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 24

9% more funds holding

Funds holding: 232 → 254 (+22)

10% more call options, than puts

Call options by funds: $420M | Put options by funds: $382M

1% more capital invested

Capital invested by funds: $4.54B → $4.59B (+$46.5M)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

1.38% less ownership

Funds ownership: 127.13% → 125.76% (-1.4%)

31% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 99

Holders
254
Holders Change
+22
Holders Change %
+9.48%
% of All Funds
5.82%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.18%
New
48
Increased
68
Reduced
99
Closed
24
Calls
$420M
Puts
$382M
Net Calls
+$38M
Net Calls Change
+$95.4M

Top Buyers

Rank Fund Capital Flow
1
Nomura Holdings
Nomura Holdings
Japan
+$69.9M
2
SG Americas Securities
SG Americas Securities
New York
+$65M
3
JG
Jefferies Group
New York
+$60.2M
4
MC
Maverick Capital
Texas
+$35.4M
5
Citigroup
Citigroup
New York
+$25.7M

Top Sellers

Rank Fund Capital Flow
1
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
-$81.5M
2
GCM
Glenview Capital Management
New York
-$63.4M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$45.1M
4
Barclays
Barclays
United Kingdom
-$31.8M
5
UBS Group
UBS Group
Switzerland
-$31.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$28.1M +$25.7M +570,545 +1,954%
Charles Schwab
27
Charles Schwab
California
$27.9M -$374K -8,310 -1%
Norges Bank
28
Norges Bank
Norway
$25.6M – – –
Hotchkis & Wiley Capital Management
29
Hotchkis & Wiley Capital Management
California
$25.6M -$428K -9,500 -2%
CCM
30
Cobalt Capital Management
New Jersey
$24.9M -$11.6M -256,665 -33%
Primecap Management
31
Primecap Management
California
$22.5M – – –
Morgan Stanley
32
Morgan Stanley
New York
$22M -$26.7M -591,963 -56%
Capital World Investors
33
Capital World Investors
California
$21.6M – – –
PPA
34
Parametric Portfolio Associates
Washington
$21.6M -$310K -6,887 -1%
JP Morgan Chase
35
JP Morgan Chase
New York
$20.6M +$10.6M +235,075 +115%
BNP Paribas Financial Markets
36
BNP Paribas Financial Markets
France
$18.7M +$16.2M +360,622 +945%
TA
37
Teachers Advisors
New York
$17.4M -$708K -15,709 -4%
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$16.2M -$3.33M -74,021 -18%
TCIM
39
TIAA CREF Investment Management
New York
$16.1M -$869K -19,297 -5%
Principal Financial Group
40
Principal Financial Group
Iowa
$14.5M +$235K +5,221 +2%
ARTA
41
A.R.T. Advisors
New York
$13.1M +$12.6M +280,580 New
First Manhattan
42
First Manhattan
New York
$13M -$458K -10,160 -4%
TCA
43
Teewinot Capital Advisers
New York
$11.8M – – –
Prudential Financial
44
Prudential Financial
New Jersey
$11.6M -$4.73M -105,006 -30%
Millennium Management
45
Millennium Management
New York
$11.5M +$10M +222,504 +954%
CS
46
Credit Suisse
Switzerland
$11.1M -$1.94M -42,973 -15%
Invesco
47
Invesco
Georgia
$10.6M +$1.86M +41,276 +22%
UONDDL
48
University of Notre Dame du Lac
Indiana
$10.6M +$10.2M +226,378 New
Ameriprise
49
Ameriprise
Minnesota
$10.2M -$320K -7,111 -3%
HP
50
Hosking Partners
United Kingdom
$9.46M +$378K +8,388 +4%
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CAR Hedge Fund Activity: Q1 2018 in Review

254 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q1 2018, worth a combined $4.59B — up 1% from $4.54B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new CAR positions and 24 closed out — a net gain of 24 holders — while 68 added to existing stakes and 99 trimmed.

The largest buyer was Nomura Holdings, adding an estimated $69.9M. The largest seller was Diamond Hill Capital Management, cutting an estimated $81.5M.

  • 254 institutional investors held Avis (CAR) as of Q1 2018, up from 232 in Q4 2017.
  • Funds reported $4.59B of Avis stock for Q1 2018, up 1% quarter-over-quarter.
  • 48 funds opened new Avis positions in Q1 2018 and 24 closed out, a net change of +24 holders.
  • The largest Avis buyer in Q1 2018 was Nomura Holdings, an estimated $69.9M added.
  • The largest Avis seller in Q1 2018 was Diamond Hill Capital Management, an estimated $81.5M sold.

Based on aggregated 13F filings for Q1 2018.