Avis
286 hedge funds and large institutions have $6.35B invested in Avis in 2022 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 68 increasing their positions, 122 reducing their positions, and 48 closing their positions.
2% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 48
0% less funds holding
Funds holding: 287 → 286 (-1)
8% less capital invested
Capital invested by funds: $6.89B → $6.35B (-$541M)
9.22% less ownership
Funds ownership: 98.22% → 89% (-9.2%)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
44% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 122
48% less call options, than puts
Call options by funds: $164M | Put options by funds: $317M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$98.6M |
| 2 |
N
Natixis
Paris,
France
|
+$71.3M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$70.4M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$32.8M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$30.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
-$248M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$142M |
| 3 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$141M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$102M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$85.3M |
CAR Hedge Fund Activity: Q3 2022 in Review
286 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Avis (CAR) for Q3 2022, worth a combined $6.35B — down 7.9% from $6.89B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new CAR positions and 48 closed out — a net gain of 1 holder — while 68 added to existing stakes and 122 trimmed.
The largest buyer was Hudson Bay Capital Management, opening a new position worth an estimated $98.6M. The largest seller was Jefferies Group, exiting entirely with an estimated $248M sold.
- 286 institutional investors held Avis (CAR) as of Q3 2022, down from 287 in Q2 2022.
- Funds reported $6.35B of Avis stock for Q3 2022, down 7.9% quarter-over-quarter.
- 49 funds opened new Avis positions in Q3 2022 and 48 closed out, a net change of +1 holder.
- The largest Avis buyer in Q3 2022 was Hudson Bay Capital Management, an estimated $98.6M added.
- The largest Avis seller in Q3 2022 was Jefferies Group, an estimated $248M sold.
Based on aggregated 13F filings for Q3 2022.