Avis
233 hedge funds and large institutions have $1.89B invested in Avis in 2020 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 44 increasing their positions, 94 reducing their positions, and 25 closing their positions.
132% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 25
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
21% more capital invested
Capital invested by funds: $1.56B → $1.89B (+$330M)
16% more funds holding
Funds holding: 201 → 233 (+32)
2.97% less ownership
Funds ownership: 103.42% → 100.44% (-3%)
19% less call options, than puts
Call options by funds: $175M | Put options by funds: $216M
53% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 94
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SRS Investment Management
New York
|
+$40.9M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$15.7M |
| 3 |
CU
CQS (US)
New York
|
+$14.7M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$12.7M |
| 5 |
Millennium Management
New York
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Melvin Capital Management
New York
|
-$48.2M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$42.3M |
| 3 |
GCM
Glenview Capital Management
New York
|
-$28.7M |
| 4 |
Pzena Investment Management
New York
|
-$22M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$15.8M |
CAR Hedge Fund Activity: Q3 2020 in Review
233 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2020, worth a combined $1.89B — up 21% from $1.56B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new CAR positions and 25 closed out — a net gain of 33 holders — while 44 added to existing stakes and 94 trimmed.
The largest buyer was SRS Investment Management, adding an estimated $40.9M. The largest seller was Melvin Capital Management, cutting an estimated $48.2M.
- 233 institutional investors held Avis (CAR) as of Q3 2020, up from 201 in Q2 2020.
- Funds reported $1.89B of Avis stock for Q3 2020, up 21% quarter-over-quarter.
- 58 funds opened new Avis positions in Q3 2020 and 25 closed out, a net change of +33 holders.
- The largest Avis buyer in Q3 2020 was SRS Investment Management, an estimated $40.9M added.
- The largest Avis seller in Q3 2020 was Melvin Capital Management, an estimated $48.2M sold.
Based on aggregated 13F filings for Q3 2020.