Avis
238 hedge funds and large institutions have $2.6B invested in Avis in 2020 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 53 increasing their positions, 97 reducing their positions, and 42 closing their positions.
38% more capital invested
Capital invested by funds: $1.89B → $2.6B (+$717M)
14% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 42
2% more funds holding
Funds holding: 233 → 238 (+5)
0.21% less ownership
Funds ownership: 100.44% → 100.23% (-0.21%)
22% less call options, than puts
Call options by funds: $196M | Put options by funds: $249M
45% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 97
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$52M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$42.5M |
| 3 |
GCM
Glenview Capital Management
New York
|
+$14.2M |
| 4 |
SIM
SRS Investment Management
New York
|
+$13.4M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$11.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
-$42.3M |
| 2 |
CU
CQS (US)
New York
|
-$17.1M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$16M |
| 4 |
Pzena Investment Management
New York
|
-$10.6M |
| 5 |
Two Sigma Investments
New York
|
-$10.4M |
CAR Hedge Fund Activity: Q4 2020 in Review
238 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q4 2020, worth a combined $2.6B — up 38% from $1.89B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new CAR positions and 42 closed out — a net gain of 6 holders — while 53 added to existing stakes and 97 trimmed.
The largest buyer was Citigroup, adding an estimated $52M. The largest seller was Jefferies Group, cutting an estimated $42.3M.
- 238 institutional investors held Avis (CAR) as of Q4 2020, up from 233 in Q3 2020.
- Funds reported $2.6B of Avis stock for Q4 2020, up 38% quarter-over-quarter.
- 48 funds opened new Avis positions in Q4 2020 and 42 closed out, a net change of +6 holders.
- The largest Avis buyer in Q4 2020 was Citigroup, an estimated $52M added.
- The largest Avis seller in Q4 2020 was Jefferies Group, an estimated $42.3M sold.
Based on aggregated 13F filings for Q4 2020.