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261 hedge funds and large institutions have $2.77B invested in Avis in 2018 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 89 increasing their positions, 85 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 42

3% more funds holding

Funds holding: 254261 (+7)

5% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 85

20.7% less ownership

Funds ownership: 125.76%105.06% (-21%)

40% less capital invested

Capital invested by funds: $4.59B → $2.77B (-$1.81B)

49% less call options, than puts

Call options by funds: $99.6M | Put options by funds: $195M

63% less funds holding in top 10

Funds holding in top 10: 83 (-5)

Holders
261
Holders Change
+7
Holders Change %
+2.76%
% of All Funds
5.97%
Holding in Top 10
3
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-62.5%
% of All Funds
0.07%
New
53
Increased
89
Reduced
85
Closed
42
Calls
$99.6M
Puts
$195M
Net Calls
-$95.4M
Net Calls Change
-$133M
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
26
Invesco
Georgia
$20.4M +$17.5M +401,696 +177%
Neuberger Berman Group
27
Neuberger Berman Group
New York
$20.3M -$762K -17,486 -3%
Charles Schwab
28
Charles Schwab
California
$20.2M +$1.16M +26,649 +4%
Norges Bank
29
Norges Bank
Norway
$18.9M +$1.48M +33,985 +6%
PPA
30
Parametric Portfolio Associates
Washington
$17.4M +$3.18M +73,103 +16%
Citadel Advisors
31
Citadel Advisors
Florida
$17M +$17.3M +396,761 +311%
CCM
32
Cobalt Capital Management
New Jersey
$16.7M -$825K -18,938 -4%
Prudential Financial
33
Prudential Financial
New Jersey
$16.4M +$11.1M +255,872 +103%
Bank of Nova Scotia
34
Bank of Nova Scotia
Ontario, Canada
$16.3M +$21.8M +500,000 New
Hotchkis & Wiley Capital Management
35
Hotchkis & Wiley Capital Management
California
$15.7M -$2.79M -64,050 -12%
Primecap Management
36
Primecap Management
California
$15.6M
Capital World Investors
37
Capital World Investors
California
$15M
Arrowstreet Capital
38
Arrowstreet Capital
Massachusetts
$14.1M +$17.9M +410,109 +1,785%
Morgan Stanley
39
Morgan Stanley
New York
$12.7M -$3.44M -78,985 -17%
Principal Financial Group
40
Principal Financial Group
Iowa
$11.5M +$1.94M +44,586 +14%
Ameriprise
41
Ameriprise
Minnesota
$11.4M +$5.87M +134,782 +62%
Wellington Management Group
42
Wellington Management Group
Massachusetts
$10.9M +$8.32M +191,104 +132%
TA
43
Teachers Advisors
New York
$8.95M -$4.23M -97,074 -26%
First Manhattan
44
First Manhattan
New York
$8.8M -$264K -6,070 -2%
Schroder Investment Management Group
45
Schroder Investment Management Group
United Kingdom
$8.77M +$11.9M +272,451 New
AL
46
AJO LP
Pennsylvania
$8.65M +$11.6M +266,183 New
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$8.08M -$4.23M -97,084 -28%
BGIM
48
Brandywine Global Investment Management
Pennsylvania
$7.96M +$10.7M +244,968 New
TCIM
49
TIAA CREF Investment Management
New York
$7.9M -$4.39M -100,904 -29%
Two Sigma Investments
50
Two Sigma Investments
New York
$7.17M -$44.9M -1,030,812 -82%

CAR Hedge Fund Activity: Q2 2018 in Review

261 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q2 2018, worth a combined $2.77B — down 40% from $4.59B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new CAR positions and 42 closed out — a net gain of 11 holders — while 89 added to existing stakes and 85 trimmed.

The largest buyer was Bank of Montreal, adding an estimated $56.4M. The largest seller was Jefferies Group, cutting an estimated $287M.

  • 261 institutional investors held Avis (CAR) as of Q2 2018, up from 254 in Q1 2018.
  • Funds reported $2.77B of Avis stock for Q2 2018, down 40% quarter-over-quarter.
  • 53 funds opened new Avis positions in Q2 2018 and 42 closed out, a net change of +11 holders.
  • The largest Avis buyer in Q2 2018 was Bank of Montreal, an estimated $56.4M added.
  • The largest Avis seller in Q2 2018 was Jefferies Group, an estimated $287M sold.

Based on aggregated 13F filings for Q2 2018.